Taoping Alliance Welcomes 15 New Members

Rhea-AI Summary

Taoping Inc. (NASDAQ: TAOP), a leader in internet-based smart display screens, has expanded its Taoping Alliance by adding 15 new city partners across China. This addition increases the total number of alliance members to 211, spanning 26 provinces and three overseas locations. The new partners will purchase smart display screens to enhance targeted advertising and online retail operations in their respective cities. Taoping aims to strengthen its ecosystem and marketing capabilities, particularly in lower-tier cities where consumption is growing rapidly.

Positive

• Expansion of Taoping Alliance to 211 members, enhancing market presence.
• New city partners expected to drive sales of smart display screens.
• Targeted advertising capabilities are likely to attract more brands.

Negative

• None.

SHENZHEN, China, Aug. 19, 2020 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the “Company”), a leading provider of internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retails, today announced that 15 companies have joined the Taoping Alliance to operate Taoping new media in 15 cities as its city partners. As of now, Taoping Alliance has 211 domestic members operating in 211 cities across 26 provinces out of 34 provincial-level administrative units in China as well as three overseas members (Toronto, Asia, and Singapore).

The 15 new members are Yiliang Taoping and Shilin Taoping in Yunnan Province, Renhuai Taoping, Tongren Taoping, Longli Taoping, Sansui Taoping, Jianhe Taoping, Taijiang Taoping, Huangping Taoping, Zhenyuan Taoping, Majiang Taoping and Danzhai Taoping in Guizhou Province, Yueyang Taoping in Hunan Province, Yingshan Taoping in Hubei Province, Wanzhou Taoping in Chongqing Municipality. The 15 companies are purchasing smart display screens from TAOP and are responsible for new media and online retail operations at Yiliang County, Shilin Yi Autonomous County, Renhuai City, Tongren City, Longli County, Sansui County, Jianhe County, Taijiang County, Huangping County, Zhenyuan County, Majiang County, Danzhai County, Yueyang City, Yingshan County, Wanzhou District respectively.

The eco-system of Taoping Network of smart display screens, Taoping Alliance of city partners, owners of smart display screens, and advertisement agents are providing efficient and targeted marketing capabilities for brands. Taoping Smart Cloud Platform is enabling brands to publish advertisements at any desired location at any desired time and duration, and monitor advertisement effectiveness. As a supplement to Internet advertising, Taoping provides API connections with third-party platforms, to allow online advertisers to access Taoping Network of smart display screens to improve their coverage.

“We are glad to welcome the 15 new city partners as members of Taoping Alliance. It’s the latest achievement of Taoping’s strategic plan to rapidly expand our operating network and presence in the third, fourth, and fifth-tier cities where consumption growth is robust due to consumption upgrade and a growing middle class,” said Mr. Jianghuai Lin, Chairman and CEO of TAOP. “By providing software and hardware support for alliance members, we help them to cover residential areas, office buildings, and commercial districts with Taoping smart screen to fit different advertising needs. We will continue to expand Taoping ecosystem and expect more city partners to join us.”

About Taoping Inc.

Taoping Inc. (formerly known as China Information Technology, 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

or

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

FAQ

What is the significance of the new city partners for TAOP?

The new city partners increase TAOP's market reach and sales potential in growing consumer markets.

How many members are currently in the Taoping Alliance?

The Taoping Alliance now has 211 members operating in 211 cities across China.

What products will the new city partners purchase from Taoping?

The new city partners will purchase smart display screens to facilitate new media and online retail operations.

What areas are covered by the new city partners of TAOP?

The new city partners are located in various provinces, including Yunnan, Guizhou, Hunan, Hubei, and Chongqing.