TAOP Launches Digital Culture Business Division

Rhea-AI Summary

Taoping Inc. (NASDAQ: TAOP) has announced the creation of a new Digital Culture Business Division aimed at expanding its presence in the new media and education sectors. The division will integrate AI and big data technology to develop a platform that connects online and offline channels. Zhixiong Huang has been appointed as director, alongside Huan Li, who brings over 15 years of media experience. This initiative is part of Taoping's strategy to capitalize on growth opportunities in the digital culture industry.

Positive

• Launch of the Digital Culture Business Division aimed at enhancing growth in the digital culture sector.
• Appointment of experienced leaders to drive the new division, possibly increasing operational efficiency.
• Integration of AI and big data technologies in the new platform, which may enhance service offerings.

Negative

• None.

SHENZHEN, March 18, 2021 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the “Company”), a provider of internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, today announced the launch of a newly-created Digital Culture Business Division that covers Taoping’s new-media business and education business, and the appointment of Zhixiong Huang, COO of TAOP, as director of Digital Culture Business Division concurrently, and Huan Li as Executive Associate Director of the Division.

Huan Li has over 15 years’ experience in the culture and media field. He has worked as a reporter for several media outlets including Asia Pacific Media Group. Mr. Li has been directly responsible for the planning and operation management of a number of large-scale commercial and cultural projects.

The Digital Culture Business Division plans to build a new interconnected and open platform ecosystem based on the current Taoping smart cloud. Relying on artificial intelligence and big data technology, the new platform expected to integrate offline scenes and online Internet interaction channels and provide overall solutions for industries such as Internet education and new media.

“TAOP has devoted years to the new media industry," said Mr. Jianghuai Lin, Chairman and CEO of TAOP. “We believe the launch of the Digital Culture Business Division and the new appointments of Mr. Huang and Mr. Li can advance our plan to grow in the digital culture industry.”

About Taoping Inc.

Taoping Inc. (TAOP), is a leading provider of smart display terminals and solutions for targeted advertising and online retails. The Company provides the integrated end-to-end digital advertising solutions enabling customers to distribute and manage ads on cloud-based ad display screens. Connecting owners of Taoping screens, advertisers and consumers, it builds up a resource sharing "Smart IoT Screen Network- Taoping App - Taoping Go (e-Store)" media ecosystem to ultimately achieve the mission "our technology makes advertising and branding affordable and effective for everyone." To learn more, please visit http://www.taop.com/.

Safe Harbor Statement

This press release may contain certain "forward-looking statements" relating to the business of Taoping Inc., and its subsidiaries and other consolidated entities. All statements, other than statements of historical fact included herein, are "forward-looking statements" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminologies such as "believes", "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company and its subsidiaries and other consolidated entities or persons acting on their behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

For further information, please contact:

Taoping Inc.
Chang Qiu
Email: chang_qiu@taoping.cn
http://www.taop.com/
or

Dragon Gate Investment Partners LLC
Tel: +1(646)-801-2803
Email: taop@dgipl.com

FAQ

What is the focus of Taoping's newly created Digital Culture Business Division?

The Digital Culture Business Division focuses on expanding Taoping's new media and education businesses through the integration of AI and big data technologies.

Who has been appointed as the director of Taoping's Digital Culture Business Division?

Zhixiong Huang has been appointed as the director of the Digital Culture Business Division.

What experience does Huan Li bring to Taoping's new division?

Huan Li brings over 15 years of experience in the culture and media field, having worked on large-scale commercial and cultural projects.

How does Taoping plan to integrate online and offline channels in its new business division?

Taoping plans to create a platform that connects online Internet interaction channels with offline scenes, offering comprehensive solutions for internet education and new media.

What is the significance of the new Digital Culture Business Division for Taoping's growth?

The new division aims to enhance Taoping's position in the digital culture industry and capitalize on new growth opportunities.