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May 6, 2014
07:12 EDTCNITChina Information awarded contract totaling $3.0M
China Information Technology announced the Company won important contracts in its core WeMedia and Public InfoCloud businesses with a total value of approximately $3.0M, customers of which include Hunan Province Tobacco Company, Zhengzhou Dmall E-commerce and Guizhou Duogou E-commerce. Under each contract, the Company would provide a comprehensive commercial-use WeMedia platform comprising of CNIT's proprietary Public InfoCloud and smart cloud display P-TV/P-Box, which enables the online exchange of advertising products and new-media resources, and promotes commodity information's smart distribution and demonstration.
News For CNIT From The Last 14 Days
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January 21, 2015
06:03 EDTCNITChina Information announces contract to install 20K cloud-based terminals
China Information Technology announced that the company was selected by a leading advertising agency to install 20,000 cloud-based new media elevator terminals in Guangdong province. Depending on specific terminals, revenues from these installations will be recognized through one-time terminal sales and recurring monthly platform service fees as well as through recurring monthly fees that include terminal rental and platform service fees. The terminals are expected to be installed by the end of 2017.

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