CNIT Signs $1 Million Cloud-Based Ad Terminal Contract for Anhui Province
Shenzhen, China--(Newsfile Corp. - June 12, 2017) - China Information Technology, Inc. (Nasdaq: CNIT), a provider of cloud-app technologies for Internet-of-Things (IoT) platforms and internet-based ad distribution and ad screen sharing systems in China, today said it has entered into a contract for the sale of 3,000 CNIT cloud-based ad terminals to be installed by year-end throughout Wuhu City in Anhui Province.The contract, signed with advertising agency Anhui Taoping IoT Technology Limited...
2017-06-12 6:07 AM EDT
CNIT Chairman/CEO in Private Purchase of 1 Million Company Shares
Shenzhen, China--(Newsfile Corp. - June 9, 2017) - China Information Technology, Inc. (Nasdaq: CNIT), a provider of cloud-app technologies for Internet-of-Things (IoT) platforms and internet-based ad distribution and ad screen sharing systems in China, today announced that chairman and CEO, Mr. Jianghuai Lin, has purchased 1 million ordinary shares of the company in a private transaction at a price of $1.20 per share.This purchase is apart and separate from Mr. Lin's share purchase plan,...
2017-06-09 6:06 AM EDT
China Information Technology, Inc. Signs $1 Million Cloud-Based Ad Terminal Contract for Fujian Province
Shenzhen, China--(Newsfile Corp. - June 5, 2017) - China Information Technology, Inc. (Nasdaq: CNIT), a provider of cloud-app technologies for Internet-of-Things (IoT) platforms and internet-based ad distribution and ad screen sharing systems in China, today said it has entered into a contract for the sale of 3,000 CNIT cloud-based ad terminals to be installed by year-end in numerous cities in Fujian Province including Quanzhou, Shishi, Jinjiang and Nan'an.The contract, signed with...
2017-06-05 6:26 AM EDT
CNIT Signs $2 Million Cloud-Based Ad Terminal Contract for Shenzhen
Shenzhen, China--(Newsfile Corp. - May 30, 2017) - China Information Technology, Inc. (Nasdaq: CNIT), a provider of cloud-app technologies for Internet-of-Things (IoT) platforms and internet-based ad distribution and ad screen sharing systems in China, today said it has entered into contract with an advertising agency in Shenzhen for the sale of 7,000 CNIT cloud-based elevator ad terminals to be installed in that city by year-end.The contract, signed with Shenzhen Taoping New-Media Limited...
2017-05-30 6:38 AM EDT
EQS-News: CNIT Signs $1.5 Million Cloud-Based Ad Terminal Contract for Shanghai
Shenzhen, China--(Newsfile Corp. - May 22, 2017) - China Information Technology, Inc. (Nasdaq: CNIT), a provider of cloud-app technologies for Internet-of-Things (IoT) platforms and internet-based ad distribution and ad screen sharing systems in China, today said it has entered into contract with an advertising agency in Shanghai for the sale of 5,000 CNIT cloud-based elevator ad terminals to be installed in that city by the end of the year.The contract, signed with Shanghai Liangyu...
2017-05-22 5:55 AM EDT
CNIT Announces 2016 Financial Results
Shenzhen, China--(Newsfile Corp. - April 28, 2017) - China Information Technology, Inc. (NASDAQ: CNIT), a provider of cloud-app technologies for Internet-of-Things (IoT) platforms and internet-based ad and information distribution systems in China, today reported that, for the year ended December 31, 2016, the company had revenue of $10,193,590, a 1 percent decrease on revenue of $10,284,868 in 2015. This decrease was mainly due to a year-over-year drop of about $1.5 million in revenue...
2017-04-28 8:22 AM EDT
CNIT Shares Transfer Today to Nasdaq Capital Market; Company Granted Additional 180 Day Period to Meet Minimum Bid Requirement
Shenzhen, China--(Newsfile Corp. - April 19, 2017) - China Information Technology, Inc. (Nasdaq: CNIT), a provider of cloud-app technologies for Internet-of-Things (IoT) platforms and internet-based ad and information distribution systems in China, today announced that the Nasdaq Stock Market has approved the company's application to list its ordinary shares on the Nasdaq Capital Market. These shares, which have been trading on the Nasdaq Global Select Market, will begin trading under the...
2017-04-19 6:11 AM EDT
CNIT Introduces Advanced IoT Elevator Safety Solution
Shenzhen, China--(Newsfile Corp. - March 28, 2017) - China Information Technology, Inc. (Nasdaq: CNIT), a provider of cloud-app technologies for Internet-of-Things (IoT) platforms and internet-based ad and information distribution systems in China, today said it has introduced a sophisticated IoT elevator solution designed to significantly improve passenger safety.This solution, comprised of a CNIT elevator IoT cloud platform, IoT terminal and mobile app, "Yunti Guard," provides a...
2017-03-28 6:38 AM EDT
CNIT Signs Follow-up Sale of Cloud-based Elevator Ad Terminals for Beijing and Shanghai
Shenzhen, China--(Newsfile Corp. - January 17, 2017) - China Information Technology, Inc. (NASDAQ: CNIT), a provider of cloud-app technologies for city IoT platforms, digital ad delivery and other internet-based information distribution systems, today announced it signed a follow-up contract with a leading elevator ad agency for the sale of 4,000 CNIT cloud-based elevator ad terminals to be installed this year in Beijing and Shanghai. This contract, signed with Haojing (Xiamen) Culture Media...
2017-01-17 6:12 AM EST
CNIT Signs Contract to Sell 50,000 Sets of Elevator IoT Products
Shenzhen, China--(Newsfile Corp. - November 28, 2016) - China Information Technology, Inc. (NASDAQ: CNIT), a provider of cloud-app technologies for Internet-of-Things (IoT) platforms, digital ad delivery and other internet-based information distribution systems, today said it has signed a contract with Shenzhen Smart Elevator IoT Co., Ltd., a joint venture 10 percent owned by CNIT, for the sale of 50,000 sets of CNIT elevator IoT products. The parties also agreed to work together to reach an...
2016-11-28 6:27 AM EST
CNIT CEO Letter to Shareholders Projects Profitability in Second Half of 2017
Shenzhen, China--(Newsfile Corp. - November 21, 2016) - China Information Technology, Inc. (Nasdaq: CNIT), a growing provider of cloud-app technologies for Internet-of-Things (IoT) platforms, digital advertising delivery and other internet-based information distribution systems throughout China, today announced that, in a letter to shareholders, chairman and CEO Mr. Jianghuai Lin said he expected CNIT to be "moderately profitable" by the second half of next year - and that this profitability...
2016-11-21 6:42 AM EST
CNIT Chairman & CEO to Purchase Up to $1 Million of Company's Ordinary Shares
Shenzhen, China--(Newsfile Corp. - November 10, 2016) - China Information Technology, Inc. (Nasdaq: CNIT), a growing provider of cloud-app technologies for Internet-of-Things (IoT) platforms, digital advertising delivery and other internet-based information distribution systems throughout China, today announced that the company's chairman and chief executive officer, Mr. Jianghuai Lin, has adopted a share purchase plan to purchase up to $1 million worth of the company's ordinary shares (the...
2016-11-10 6:25 AM EST
EQS-News: CNIT Receives Nasdaq Notification of Non-Compliance With a Continued Listing Requirement
Shenzhen, China--(Newsfile Corp. - October 19, 2016) - China Information Technology, Inc. (NASDAQ: CNIT), a growing provider of cloud-app terminal technologies for Internet-of-Things (IoT) platforms, digital advertising delivery and other internet-based information distribution systems throughout China, today said that on October 17, 2016 it received written notice from the Nasdaq Stock Market ("Nasdaq") stating that the company is no longer in compliance with the $1.00 minimum closing bid...
2016-10-19 7:17 AM EDT
CNIT Enters into Marketing Joint Venture for Shandong Province
Shenzhen, China,--(Newsfile Corp. - October 13, 2016) - China Information Technology, Inc. (NASDAQ: CNIT), a growing provider of cloud-app terminal technologies for Internet-of-Things (IoT) platforms, digital advertising delivery and other internet-based information distribution systems throughout China, today said it has entered into a three-party agreement to establish a joint venture company whose purpose will be to market elevator IoT and cloud-based elevator ad businesses targeting the...
2016-10-13 6:17 AM EDT
EQS-News: CNIT Receives Withdrawal of Going Private Proposal
Shenzhen, China--(Newsfile Corp. - October 11, 2016) - China Information Technology, Inc. (NASDAQ: CNIT), a growing provider of cloud-app terminal technologies for Internet-of-Things (IoT) platforms, digital advertising delivery and other internet-based information distribution systems throughout China, today announced that, after careful consideration, the Buyer Group that had on June 19, 2015 submitted a non-binding proposal to take the company private at a price of $4.43 per share has, due...
2016-10-11 7:17 AM EDT
EQS-News: CNIT Announces First Half-Year 2016 Results
Shenzhen, China--(Newsfile Corp. - August 30, 2016) - China Information Technology, Inc. (NASDAQ: CNIT), a growing provider of cloud-app-terminal technologies for Internet-of-Things (IoT) platforms, digital advertising delivery and other internet-based information distribution systems throughout China, today said that, for the first six months of calendar 2016 ended June 30, the Company had a net loss of approximately $7.1 million, or ($.18) per share, on revenue of approximately $3.0...
2016-08-30 8:34 AM EDT
CNIT to Provide Cloud-Access Upgrade for 10,000 Elevator Display Terminals
Shenzhen, China--(Newsfile Corp. - July 28, 2016) - China Information Technology, Inc. (Nasdaq: CNIT), a leading provider of internet-based platforms and digital advertising services in China, today said it has signed a contract with a leading advertising agency in Fujian Province to upgrade 10,000 of the agency's digital elevator display terminals to cloud-based Internet-of-Things (IoT) units. Upon upgrade, the terminals - owned by Haojing (Xiamen) Culture Media Co., Ltd. - will be able to...
2016-07-28 6:07 AM EDT
CNIT Receives Order for 800 Elevator Ad Terminals in Four Cities
Shenzhen, China--(Newsfile Corp. - July 12, 2016) - China Information Technology, Inc. (Nasdaq: CNIT), a leading provider of internet-based platforms and digital advertising services in China, today announced the receipt of an order for 800 elevator digital ad terminals to be installed in the cities of Tianjin, Shenzhen, Xiamen and Quanzhou.The terminals, which will be installed in elevators in office buildings, hotels, shopping malls and residential communities during the current quarter,...
2016-07-12 6:18 AM EDT
CNIT Receives Order for 700 Elevator Ad Terminals in Huizhou City
Shenzhen, China--(Newsfile Corp. - June 23, 2016) - China Information Technology, Inc. (NASDAQ: CNIT), a leading provider of internet-based platforms and digital advertising services in China, today announced the receipt of an order for 700 elevator digital ad terminals to be installed in Huizhou City in Guangdong Province. This order is a follow-on to an initial contract, announced on Aug 12, 2015, for the installation of 922 of the company's ad terminals in Huizhou.The new 700 terminals,...
2016-06-23 7:49 AM EDT
EQS-News: CNIT Partners to Install 10,000 Elevator Ad Terminals
China Information Shenzhen, China--(Newsfile Corp. - May 31, 2016) - Technology, Inc. (NASDAQ: CNIT), a leading provider of internet-based platforms and digital advertising services in China, today said it has entered into a strategic partnership agreement with Tianjin Hailuo Technology Company Ltd., an advertising agency in Tianjin City, for the rollout of 10,000 CNIT digital ad terminals in Tianjin within the next two years. The terminals, which will be installed in elevators in office...
2016-05-31 7:34 AM EDT