China Information receives $1M cloud-based ad terminal order in China
China Information Technology announced that it has entered into contracts for the sales of 3,000 CNIT cloud-based elevator ad terminals to be installed in office buildings and residential communities throughout two prefecture-level cities Qingyuan, a major economic and transportation hub of Guangdong Province and Qujing, an important industrial and commercial city of Yunnan Province in China. Signed with Qingyuan Taoping IoT Technology and Qujing Taoping IoT Limited, the contracts are expected to generate sales and service revenue to CNIT of about $1 million. Today's news is the thirtieth in a series of announcements since May of 2017 on CNIT's sales of its cloud-based ad terminals. Each transaction is expected to generate recurring service and commission revenue from customers' use of the company's Yunfa advertising distribution system and Taoping Net/ App ad screen sharing platform.