MOMO'S BREAKOUT BOARD

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CNIT: 1.11 + 13,27%

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 Communications Technology Limited, is expected to produce combined 2017 sales and service revenue to CNIT of over $1.5 million.

"We are very excited to have signed this sales agreement," said CEO Mr. Jianghuai Lin. "Shanghai is one of China's Tier-1 cities and has a very productive market demonstration effect throughout our country." Mr. Lin said he expects CNIT to sell a minimum of 60,000 cloud-based ad terminals in 2017. Besides Shanghai, these installations are expected to cover Beijing, Guangzhou, Shenzhen, and 16 major cities in eastern and southern China, he said.

Revenue on the expected sales of 60,000 ad terminals should be at least $17.5 million in 2017, said Mr. Lin. CNIT had total company revenue in 2016 of $10.2 million.


and don't forget
CEO will own more than 40% + reduced debt

CNIT reduced its debt to $7.80 million at year-end 2016, from $15.27 million at the end of 2015. The company's cash on hand at the end of 2016 was $3.75 million compared to $3.79 million a year earlier.

Regarding 2017, said CEO Mr. Jianghuai Lin, the company's steady migration to higher-margin cloud-based solution opportunities like Yunfa Net and its recently introduced IoT elevator safety system, Yunti Guard, should allow CNIT to achieve "break-even status or moderate profitability in the second half of the year."

"We are confident that 2017 will be the year in which CNIT turns the corner and begins to bloom as one of China's better known providers of important cloud-based technologies for elevator safety and advertising communications."

CNIT Chairman & CEO to Purchase Up to $1 Million of Company's Ordinary Shares

SHENZHEN, CHINA/ 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, 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 "Repurchase Plan"). The Repurchase Plan has been adopted in accordance with guidelines specified by Rule 10b5-1 and Rule 10b-18 under the Securities Exchange Act of 1934, as amended.
"This share purchase decision is based purely on my belief in CNIT's positive future," said Mr. Lin. "As the company's transition to a leading cloud-app technologies provider progresses, I believe CNIT will begin demonstrating the strong revenue growth and improving margins we have long planned for."

CNIT had approximately 40.2 million shares outstanding, 37.7% of which were held by Mr. Lin.
Jiang Huai Lin Chairman and CEO Ordinary Shares 15,164,893 37.70%
Zhiqiang Zhao Director, President and Interim Chief Financial Officer Ordinary Shares 103,167
Zhixiong Huang Chief Operating Officer Ordinary Shares 51,142
Guangzeng Chen Chief Technology Officer and Chief Product Officer Ordinary Shares 5,000
Guangyuan Zong Chief Marketing Officer Ordinary Shares 80,000
Junping Sun Chief Investment Officer Ordinary Shares 600,000 1.50%
All officers and directors as a group Ordinary Shares 16,004,202 39.78%

more info:
http://file.chinacnit.com/en/Presentations/CNITpptrev.v5.pdf

About China Information Technology, Inc.
China Information Technology, Inc. (CNIT) is a leading Internet service company that provides integrated cloud-based solutions enabling innovation and smart living in the fields of new media, elevator safety management, education, etc. Through continuous innovation, CNIT is aiming to leverage 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 http://www.chinacnit.com.