TAOP Announces Agreement with Asia Taoping to Develop South East Asia and Oceania Market,and Announces A New Revenue Stream for 2020
Taoping Inc. - Ordinary Shares (TAOP)
Company Research
Source: GlobeNewswire
SHENZHEN, China, Nov. 21, 2019 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the “Company”), a leading provider of internet-based smart display screens, and a new-media ecosystem that enable targeted advertising and online retails, today announced that the Company has entered into an agreement (the “Agreement”) with Asia Taoping Pte. Ltd. (“Asia Taoping”) for the Company to become a 10% equity owner of Asia Taoping. Incorporated in 2018, Asia Taoping is a company based in Singapore. On December 7, 2018, the Company entered into a strategic cooperation agreement with Asia Taoping to develop South Asia and Southeast Asia market. Under the terms of the Agreement, the Company granted Asia Taoping a license to Taoping’s software, patents and trademarks to develop Taoping’s new media ecosystem in South East Asia and Oceania countries, including, among others, Singapore, Malaysia, Indonesia and Australia, and Asia Taoping will be a regional partner to physically roll out Taoping Network
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