SHENZHEN, China, April 27, 2015 /PRNewswire/ -- China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today announced that the Company has entered into a strategic agreement with the Youxian Economic Development Zone to establish the Company's regional cloud-computing center in Mianyang City of Sichuan Province.
According to the agreement, the Company will leverage its proprietary "Cloud-App-Terminal" (CAT) model and "Cloud Nest" data analytics to provide cloud-computing services for customers in Mianyang and other cities of Sichuan Province. It is expected that CNIT's cloud-computing solutions will help local companies better manage data, understand customer needs and improve user experience.
"We are pleased to collaborate with the Mianyang municipal government in establishing our regional cloud-computing center in Southwest China," said Mr. Jiang Huai Lin, Chairman and CEO of the Company. "Mianyang is a key research and manufacturing hub for the electronics industry in Western China. After laying down the infrastructure, our growth strategy is to roll out our cloud-based new media services in various fields starting with beauty salons and to penetrate the Southwestern China region over time."
"Mianyang is a national pilot city for the information technology industry, and we welcome CNIT," said Lei Zheng, Vice Mayor of Mianyang City. "The municipal government gives full support to help CNIT quickly setup their cloud-computing operation. CNIT is an industry leader in cloud-based new media solutions. We believe this strategic cooperation will contribute to the growth of the information technology industry of our City, and will build Mianyang as a model of digital Smart City in Southwestern China."
As the only "Science and Technology City" named by the State Council, Mianyang is a key research and manufacturing center for the defense and electronics industries in China. Mianyang enjoys the reputation as the "Silicon Valley in Western China" and "Smart City". Mianyang was selected by the State Council among the first group of national pilot cities for promoting the integration of finance and technologies as well as among the first group of national pilot cities to adopt a single data cable servicing Internet, telephone and television.
About China Information Technology, Inc.
China Information Technology, Inc. (CNIT) is on a mission to make advertising accessible and affordable for businesses of all sizes. CNIT is a leading Internet service company that provides cloud-based platform, exchange, and big data solutions enabling innovation and smart living in the education, health care, new media, finance and transportation sectors. Through continuous innovation, CNIT is leveraging 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.
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 "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.
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China Information Technology, Inc.
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SOURCE China Information Technology, Inc.