TAOP Announces the Launch of “TAOPING · Nanning TV New Media”

June 8, 2018

SHENZHEN, China, June 08, 2018 (GLOBE NEWSWIRE) -- Taoping, Inc. (Nasdaq: TAOP), a cloud-based ad terminal manufacturer and service provider in the out-of-home advertising field, announced that the company has partnered with a local TV station in Nanning, a city in southern China near the Vietnam border. It is the capital of the Guangxi region. Nanning TV station covers national and local breaking news, entertainment, sports, and traffic. This cooperation brings and enhances the traditional media transforms into a new media era.

The launch conference was jointly sponsored by Nanning TV station and Taoping, Inc. on June 6, 2018, and received strong support from the local community and the Guangxi Architectural Decoration Association.

Ms. Luying Qin, the Controller of Nanning TV station, stated, “We are truly glad to partner with Taoping. Nanning TV station has been at the forefront of adapting to market trends, deepening reforms, actively innovating communication platforms, and promoting Nanning TV stations in the new-media era. The launch of “TAOPING · Nanning TV New Media” is a combination of Nanning TV station and new media in the paperless era. It penetrates the power of digital advertising into the buildings of the city, and creates potential opportunities for commercial cooperation.”

“As a local mainstream media provider, Nanning TV station integrates geopolitical advantages, resource advantages, and talent advantages, constantly blaze new trails, and actively developing new media businesses. The cooperation between Guangxi Taoping and Nanning TV Station is an innovative win-win cooperation in the out-of-home advertising industry,” said Mr. Jianghuai Lin, CEO of Taoping, “Cloud-based ad terminals have been available in Nanning City since January 2018. The launch of “TAOPING · Nanning TV New Media” demonstrates the successful progress that Taoping Alliance’s member has made.”

About Taoping Inc.

Taoping Inc. (formerly known as China Information Technology, Inc.) Nasdaq: TAOP, is a cloud-based ad terminal and service provider of a digital advertising distribution network and new media resource sharing platform in the out-of-home advertising market of China. The Company provides the integrated end-to-end digital advertising solutions enabling customers to distribute and manage ads on the ad display terminals. Connecting cloud-based ad terminal owners, advertisers and consumers, it builds up a resource sharing “Smart IoT Terminal - Taoping Net/App – Taoping Selection” media ecosystem to ultimately achieve the mission goal that “our technology makes advertising and branding affordable and effective for everyone.” To learn more, please visit http://www.chinacnit.com.

Safe Harbor Statement

This press release may contain certain “forward-looking statements” relating to the business of Taoping, Inc., and its subsidiaries and other consolidated entities. All statements, other than statements of historical fact included herein, are “forward-looking statements” in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminologies such as “believes”, “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company and its subsidiaries and other consolidated entities or persons acting on their behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

For further information, please contact:

Taoping, Inc.Iris YanTel: +86-755-8370-4767Email: IR@chinacnit.comhttp://www.chinacnit.comorDragon Gate Investment Partners LLCTel: +1(646)-801-2803Email: taop@dgipl.com

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