SHENZHEN, China, March 27, 2015 /PRNewswire/ — China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions to the Chinese new media industry, today announced that the Company has been selected by Luoyang City to promote its 2015 Annual Luoyang Peony Festival ("Festival") using the Company’s cloud-based new media solutions. The Company also won the sole naming right to the Festival and its opening ceremony.
The 33rd Annual Peony Festival will be held from April 4 to May 5, 2015 in Luoyang City of Henan Province. During the Festival, the Company will deploy large-scale, cloud-based digital display terminals throughout Luoyang to broadcast festival highlights, various programs on city sightseeing, sports contests, exhibitions and tradeshows, as well as advertisements. To be installed at high-traffic venues such as the airport, department stores, hotels and residential communities, the CNIT display terminals will also display festival-related public information and local lifestyle guides.
"Our Cloud-App-Terminal (CAT) new media solutions are disrupting the traditional promotional methods which rely on newspaper and television," said Mr. Jiang Huai Lin, Chairman and CEO of the Company. "Through our cloud-based digital display terminals, program highlights and public information from the spectacular Peony Festival can be broadcast live to a larger audience at more places. At the Festival, we will showcase the exciting capabilities in promotion, presentation and information dissemination of our cloud-based new media solutions, and look forward to bringing new dynamics to traditional cultural events through the use of internet technology. In addition, CNIT will further develop cooperation and partnership with Luoyang government to leverage local resources in tourism, cultural exchange, and media, which could potentially create significant business opportunities for CNIT. "
Luoyang, the ancient capital of 13 dynasties in China, has thousands of years of historical and cultural heritage. Beginning in 1983, the Annual Luoyang Peony Festival has been selected as one of China’s Intangible Cultural Heritage, and is held each year from April to May. A state-level cultural event that combines cultural exchange, trade shows and tourism, the Festival has evolved into an ideal stage for corporate branding and promotion.
About China Information Technology, Inc.
China Information Technology, Inc. (CNIT) is on a mission to make advertising accessible and affordable for businesses of all sizes. CNIT is a leading provider of integrated cloud-based platform, exchange, and big data solutions to the Chinese new media industry. Its Internet ecosystem enables all participants of the new media community to efficiently promote brands, disseminate knowledge, and exchange resources. Through continuous innovation, CNIT is leveraging its proprietary Cloud-Application-Terminal technology to level the competitive landscape in the new media industry and deliver value for its shareholders, employees, customers, and the community. To learn more, please visit 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 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.
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