SHENZHEN, China, September 29, 2014 /PRNewswire/ — China Information Technology, Inc. (the “Company”) (Nasdaq: CNIT), a leading provider of Internet-based platforms, products and services in the country, today announced that it has installed 23 cloud-based new media terminals at China’s largest high-speed railway station — Beijing South Railway Station. The installation is done through a leasing agreement with a leading advertising agency in China. Under the agreement, the advertising agency will pay the Company recurring monthly fees that include terminal rental and platform management fees.
Through the Company’s Cloud-App-Terminal (CAT) transportation platform, the advertising agency will be able to manage all of its ads contents on the CNIT new media terminals remotely and wirelessly. New media terminals display high-definition and multimedia ads and public information such as train schedule and gate assignments on a real-time basis.
Beijing South Railway Station is estimated to handle over 150 million passengers each year. The Company’s new media terminals, including DIY new media terminals and double-sided new media terminals, are especially engineered to attract attention at high-traffic venues from airports to railway stations. To view photos of the new media terminals, please visit: http://www.chinacnit.com/About/NewDetail?ArticleId=3937&rootId=186&navigatorid=197
Mr. Guangyuan Zong, Chief Marketing Officer of the Company, commented, “We are excited to bring our CAT brand and provide our state-of-the-art public information distribution and ads placement solutions to China’s largest high-speed railway station. This is a huge endorsement to the application of our advanced CAT new media platform in the transportation industry. Our new media terminals are the first to support 3G wireless synchronous playback in China. These terminals are also the largest of their kind near security entrances at high-speed railway stations. We plan to win more contracts to roll out our cloud-powered new media terminals at high-speed railway stations, subway stations, bus stations and airports nationwide. Through direct sales of new media terminals, leasing terminals or co-operating terminals with clients, we strive to grow our revenue and profit in a sustainable way.”
About China Information Technology, Inc.
Headquartered in Shenzhen, China, China Information Technology, Inc., through its subsidiaries and other consolidated entities, provides the CNIT Cloud Platform based on its proprietary Cloud-App-Terminal (CAT) model. The Company’s cloud-based products include Cloud-based Education Platform (CEP), Information Distribution Platform (IDP), Elevator Internet-of-Things Platform (EIoTP), Community Service Platform (CSP), Online Ad Exchange Platform (OAEP), etc. The Company’s integrated hardware, software, and cloud-based services serve a variety of customers in the fields of government, education, healthcare, financial, commercial, communication and individual consumers. To learn more about the Company, please visit its corporate website at http://www.chinacnit.com.
Safe Harbor Statement
This press release may contain certain “forward-looking statements” relating to the business of China Information Technology, Inc., and its subsidiary companies. 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 terminology 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 or persons acting on its 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: