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CNIT Receives Follow-on Cloud-based Ad Terminal Order for Fujian Province

CHINA INFORMATION TECH INC BVI (0 PAR) (CNIT)  More Company Research Source: GlobeNewswire
US:NASDAQ Investor Relations: marketchameleon.com/overview/cnit/pressreleases
PDF SHENZHEN, China, Feb. 12, 2018 (GLOBE NEWSWIRE) -- China Information Technology, Inc. (Nasdaq: CNIT), a leading provider of internet-based ad distribution and ad display terminal sharing systems in China, announced that it has entered into a contract for the sale of 3,000 CNIT cloud-based elevator ad terminals to be installed in office buildings and residential communities throughout Fujian province, an international shipping intersection in Southeast Asia. Signed with Fujian Taoping IoT Technology Limited (“Fujian Taoping”), the contract is expected to generate sales and service revenue to CNIT of about $1 million. This is the follow-on contract with Fujian Taoping since the first contract in June 2017. Until now, CNIT and Fujian Taoping have signed two contracts with the total sale of 6,000 CNIT cloud-based ad terminals. Today's news is the twentieth in a series of announcements since May 2017 on CNIT's sales of its cloud-based ad terminals. Each of the contracts - which ra [Read more]

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