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Stock Market & Financial Investment News

News Breaks
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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October 20, 2014
07:03 EDTCNITChina Information announces major contract with Hunan Provincial government
China Information Technology announced that it has signed a major contract to install 20,000 units of the Company's new media terminals on behalf of the Hunan provincial government. Reoccurring monthly revenue from each new media terminal is expected to range from RMB 60 to RMB 200, depending on terminal model and location. Such revenue includes both hardware lease and software and platform service fee. These new media terminals are expected to be installed over the next three years and will display advertisement and public legal information.
October 13, 2014
07:02 EDTCNITChina Information appoints Robin Yang as CFO
China Information appointed Ms. Robin Yang as its CFO effective immediately. Ms. Yang was previously the Director of Research at Harbert Management Corporation.

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