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Stock impact report

TAOP Receives $1 Million Cloud-based Ad Terminal Order for Hainan Province

Taoping Inc. - Ordinary Shares (TAOP) 
Company Research Source: GlobeNewswire
SHENZHEN, China, Sept. 13, 2018 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP), a leading provider of internet-based ad distribution and ad display terminal sharing systems, today announced that it has entered into a contract for 3,000 terminal sales. Signed with Hainan Taoping IoT Technology Limited (“Hainan Taoping”), the contract is expected to generate sales and service revenue to TAOP of about $1 million. With the "Smart IoT Terminal - Taoping Net/ App - Taoping E-store" lifestyle media ecosystem that has been fully developed, advertisers (individuals and business owners) will soon be able to distribute real-time ads on the designated cloud-based ad display terminals in residential and office buildings of Hainan province, the nation’s southernmost point. Today’s news is the thirty-fourth in a series of announcements since May of 2017 of TAOP’s sales of its cloud-based ad terminals. Each transaction is expected to generate recurring service and commission revenue from custome Show less Read more
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