CNIT Announces Company Name Change to Taoping Inc.
CHINA INFORMATION TECH INC BVI (0 PAR) (CNIT)
US:NASDAQ Investor Relations:
marketchameleon.com/overview/cnit/pressreleases
Company Research
Source: GlobeNewswire
SHENZHEN, China, May 29, 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 changed its name from “China Information Technology, Inc.” to “Taoping Inc.” The trading symbol of the company's ordinary shares will be changed to “TAOP” with a new CUSIP number G8675V101. It is expected that the company’s ordinary shares will begin trading on the NASDAQ Capital Market under the new company name at market open on June 1, 2018. “We are thrilled to announce our name change. This strategic branding decision comes at a natural inflection point for our brand,” said Mr. Jianghuai Lin, Chairman and CEO of CNIT, “We believe that the new company name will more accurately reflect our current business operations. Since entering the public market in 2007 we have continued to execute exceptionally on our roadmap and are excited to introduce the
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