GlobeNewswire Inc | Aug 12, 2020 08:30AM EDT

August 12, 2020

SHENZHEN, China, Aug. 12, 2020 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the Company), a leading provider of internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retails, today announced the release of two new smart screen productsthe 43-inch screen and the 55-inch screen.

Taopings 43-inch and 55-inch smart screens have resolutions of 1080*1920 pixels and 3840*2160 pixels, respectively. The body of the smart screen is mainly white, made of glass and metal. Through the Taoping Smart Cloud Platform, users can manage smart screens remotely and effectively.

For a long time, Taopings advertising strategies are actively designed to fit specific scenes, such as those in residential communities or public facilities. To achieve this goal, the Company launched the 43-inch and 55-inch screens based on its current 18.5-inch, 21.5-inch, and 32-inch screens. The two newly launched screens can be applied to a wider range of life scenes. With the slim and exquisite design appearance and delicate display effects, Taopings new screens greatly enhance the visual impact of advertising and deepen the audiences impression of advertising.

The release of the two smart screens will allow us to provide better scenario-based marketing service to advertisers, said Mr. Jianghuai Lin, CEO and Chairman of TAOP. Through big data analysis, the Taoping platform will deeply integrate advertising with more life scenes, deeply understands and analyzes user needs, and accurately target consumer groups with different types of advertisements.

About Taoping Inc.

Taoping Inc. (formerly known as China Information Technology, Inc.) (TAOP), is a leading provider of smart display terminals and solutions for targeted advertising and online retails. The Company provides the integrated end-to-end digital advertising solutions enabling customers to distribute and manage ads on cloud-based ad display screens. Connecting owners of Taoping screens, advertisers and consumers, it builds up a resource sharing "Smart IoT Screen Network- Taoping App - Taoping Go (e-Store)" media ecosystem to ultimately achieve the mission "our technology makes advertising and branding affordable and effective for everyone." To learn more, please visit http://www.taop.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 Companys 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 Companys 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.Chang QiuEmail: chang_qiu@taoping.cn

or

Dragon Gate Investment Partners LLC Tel: +1(646)-801-2803 Email:TAOP@dgipl.com