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Pretty strong earnings report for Q1. See link.
This is going to rock and roll this morning
Again gooood news out today..
Good stock to have in porto..
Lets dubble/tripple pp..
Gltya.. ;)
News out today.. CNIT Announces the Launch of Taoping Net and Taoping AppDate :01/16/2018 @ 8:00AMSource :GlobeNewswire Inc.Stock :China Information Technology - Ordinary Shares (CNIT)Quote : 2.99 0.0 (0.00%) @ 8:35AM
CNIT Announces the Launch of Taoping Net and Taoping App
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China Information Technology - Ordinary Shares (NASDAQ:CNIT)
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Today : Tuesday 16 January 2018
China Information Technology, Inc. (Nasdaq: CNIT), a provider of internet-based ad distribution and ad display terminal sharing systems in China, today announced it has launched Taoping Net and Taoping App, enabling consumers to distribute ads wherever and whenever they want on CNIT cloud-based ad terminals. The terminals are currently available in ten cities of China, including Shenzhen, Guangzhou, Shanghai, Ningbo, Nanjing, Quanzhou, Changde, Wuhan, Zhengzhou, Kunming, and will soon be accessible in more metropolitan areas.
Taoping Net provides an advertising-resources trading service platform which connects screen owners, advertisers and consumers. Taoping Net integrates nationwide high-quality screen resources of Taoping Alliance, a new media operating organization founded by CNIT and Shenzhen Taoping New-Media Limited.
Taoping App, which enables customers to distribute and manage ads from mobile terminals, effectively satisfies the need to distribute fragmented ads. Using Taoping App, anyone can buy and distribute real-time ads to designated terminals.
The launch of Taoping Net and Taoping App indicates CNIT’s business has been extended to final consumers. Consumers can use Taoping Net and Taoping App to distribute ads on more than 10,000 terminals now. As the service provider for Taoping’s ads distribution and display terminal sharing system, CNIT takes a certain amount of commission fee on every transaction Taoping Net and Taoping App make.
“The launch of Tapping Net and Taoping App opens a new chapter. We will keep optimizing and upgrading the platform to enhance the user’s experience and maintain the leading position in the industry,” said Mr. Jianghuai Lin, Chairman and CEO of CNIT, “The net transactions will bring the company sustainable future revenue and cash flow. We will also apply more new technologies and applications into the platform.”
More CNIT cloud-based ad terminals in more cities throughout China will soon be available in Taoping Net and Taoping App.
For more information about Taoping Net, please visit www.taoping.cn or download Taoping (??) App from Apple/Android app store.
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 "will", "would", "could", "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.
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.
For further information, please contact: China Information Technology, Inc. Iris Yan Tel: +86-755-8370-4767 Email: IR@chinacnit.com http://www.chinacnit.com or Dragon Gate Investment Partners LLC Tel: +1(646)-801-2803 Email: cnit@dgipl.com
* * $CNIT Video Chart 01-11-18 * *
Link to Video - click here to watch the technical chart video
Your price came sooner than expected...Where is it trading in 6 weeks - or by the spring?...A block chain related technology announcement in this age of block chain craze would send this soaring (It appears to be a pretty good candidate for the technology)...At least one analyst has a 9.00 price target on this...Hit 7.00 a few years ago...I think the right kind of news could clobber that former high and perhaps test that 16.00 high put in 7 or 8 years ago...It seems just about anything is possible - in this market...
Smart move big run coming next week, volume tells the story here
,,,,,,,LOOK AT $CNIT DEBT AND CASH ON HAND.......RUNNNNNN AWAY NOW
Don't shoot the messenger .
You are stuck here
https://twitter.com/REAL_MONEYMADE
(DISCLAIMER: SHORT $4.20 - $4.75)
* * $CNIT Video Chart 01-05-18 * *
Link to Video - click here to watch the technical chart video
It is! I posted to wrong board, my mistake.
??????THIS IS $CNIT NO? I CAN'T.....
https://twitter.com/REAL_MONEYMADE/status/949313066797359104
YOU WERE WARNED....ROOOOOOOOOFL https://twitter.com/REAL_MONEYMADE/status/949294586807160834
Increased net income to 4.6 to 5 million from 3.2 to 3.6 by year end. 1.1 million net this quarter, price is 1.70. 4 times more revenue by December should make stock price 6.80 per share by December 31, 2017. Bullish!
this puppy's going gonzo!!
In an earlier press release it was stated that in the future they would be looking in to other avenues of revenue which in my opinion says they will be looking to buy out other profitable companies to add to the bottom line
No news and over 3 weeks, Highly unusual since they have been coming out with new contracts every week to a week and a 1/2 since may. I believe they're coming out with a huge press release this time That will push the stock price close to $2.
$CNIT has been on a steady climb and with all the progress it couldn't be a more perfect time to present at the upcoming conference.
insert-text-here
$CNIT had another big release this morning.
"Today's news is the tenth in a series of announcements since May on CNIT's sales of its cloud-based ad terminals. Each of the contracts - which range in value from $0.5 to $3 million - is also expected to generate revenue from customers' use of the company's Yunfa advertising distribution system and Taoping ad screen sharing platform."
Next press release this should go over a $1.30 maybe spike to $1.50
The last press release for $CNIT was huge and gives them a good bump in revenue before year end. Over the past two years they have overcome big losses to achieve profitability within the time-frame they said they would.
https://finance.yahoo.com/news/cnits-cloud-based-products-marketed-103000004.html
$CNIT's Cloud-based Products to be Marketed by AMTT Digital to Hotels, Resorts and Serviced Apartments throughout China
This is just another one of the strong partnerships in the works.
$CNIT Holding at $1 with strong bid support.
The CEO projected that, as a result of these trends, CNIT would achieve or exceed its projection of 2017 revenue of $17 to $19 million - about 90 percent of which will be derived from equipment sales - and earn adjusted net income of $3.2 to $3.6 million.
Revenue in 2018, he said, would range from $30 to $33 million, with adjusted net income of $9 to $11 million.
In 2019, he added, revenue could possibly be between $55 and $60 million, with adjusted net income of from $20 to $23 million. Revenue in 2019 is expected to be derived evenly between equipment and services, the latter of which traditionally yields superior profit margins.
chairman and CEO, Mr. Jianghuai Lin is being very strategic and it is paying off well. With their announcement of being able to reach profitability this year it's hard to fathom the stock trading less than $2.00 by year end.
Ramsnasty Favio Maqbo...
Regarding CNIT (China InfoTech, Inc):
That's interesting to know your info, only question is:
Where/how do you get "CNIT's Executives are betting a Million PPS will exceed $1... soon", unless you pump up own stock before sale?
As motto says "Amplify Your Potential", the GHz are there but VSWR Return losses too high.
I got a Private Message from Maqbo... HIMSELF, Ohh Lord, accusing me of exactly same Pump & Dump & a "Letter from SEC", i.e. totally not getting the humor in my original posts.
We know who you are McBickle, Favio Maqbo..
It's easy to see and Iam not very stupid.
I just didn't get lucky to get into USA at an early enough age, else I'd be running circles around all you....
As a former Lawyer (imaginary Patents) & Psychiatrist, my advice:
Avoid investing in Penny Stocks, those companies are in very very bad troubles, typically, but gems happen. It's like playing lottery - you can win, but usually lose :)
Jianghuai sounds obscene in Russian
Believe me, I speak Russian (but not a Trump's spy!) and some of Chinese names break my heart - "Mr. Jianghuai" does sound very offensive.
Worse than "You Suk Ban" or "Kim Dong Bang"
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,
announced November 10, 2016, to purchase $1 million worth of the company's
ordinary shares over a one-year period.
Subsequent to this purchase, Mr. Lin now owns a total of 16,886,534 CNIT
ordinary shares, or approximately 42 percent of the company's shares
outstanding.
CAN'T is finally back over $1 PPS and moving onwards and upwards.
With the Executives of CNIT betting 1 million dollars that they will be back over $1 PPS shortly is why I am investing here at these prices.
CNIT looks like it will be able to keep trading on the NASDAQ platform within the time limit if things go as planned. With the buyback underway as early as next week this could be promising.
$CNIT on the countdown to de-listing from NASDAQ exchange. Will they get back to $1.00 per share? if so that's a good % gain.
CNIT Enters into Marketing Joint Venture for Shandong Province
Yes they did receive a letter from NASDAQ due to being under $1.00 PPS, but with the changes they have made and the direction they are taking I feel they will have no problem meeting this requirement over the next 180 days.
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, city 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 CNIT's website.
$CNIT has seen the volume dwindle recently since the announcement they may go private, but they announced in their last release that they have removed that offer and are pressing forward. I look to see good things come their 10K.
$CNIT's financials look like they took a hit, but the company made major changes in their direction and should reflect positive financials on their 10K.
* * $CNIT Video Chart 12-23-15 * *
Link to Video - click here to watch the technical chart video
calling supernova. ready for a huge upside. res: above $2 strong buy until 2.50
The lower price makes negotiating a potential deal much more lucrative for the CEO and his group of investors. Smart move gifting warrants ahead of proposing a go private offer.
Who? Management for trying to pump pps up with bogus NON binding offers to go private?
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China Information Technology, Inc.
21st Floor Everbright Bank Building Zhuzilin
Futian District
Shenzhen, China 518040
Phone: 86 755 8370 8333
Fax: 86 755 8370 9333
Web Site: http://chinacnit.com
BUSINESS SUMMARY
China Information Technology, Inc., through its subsidiary, focuses on the development and implementation of public security and Geographic Information System (GIS) related projects. It provides a portfolio of integrated solutions and services, including public security information technology (First Responder Coordination Platform, Intelligent Border Control, and Intelligent Security Surveillance), Geographic Information System (Police-use GIS and Civil-use GIS), and e-Government Platform services, as well as software sales and maintenance. The company, through its contractual arrangement with iASPEC Software Company Limited, has the licenses to 16 registered and copyrighted software applications in the People's Republic of China. China Information Technology, Inc. is based in Shenzhen, the People's Republic of China.
Venue Changes Expected for May 23, 2008
China Information Security Technology, Inc (OTCBB: CIFS) will begin trading on the Nasdaq NM as China Information Technology, Inc (Nasdaq NM: CNIT)
FINANCIALS Numbers in 000's
Period Ending 12-31-07 12-31-08 12-31-09 12-31-10 13-31-11
Total Revnue $ 30,343 85,301 100,996 163,846
Cost of Revenue 12,714 46,222 50,344 93,282
Gross Profit 17,629 39,079 50,652 70,563
Net Income 13,331 23,787 30,095 34,402
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