SHENZHEN, China, April 15, 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 entered into a strategic agreement with the Luoyang National Hi-Tech Industrial Development Zone ("Luoyang Hi-Tech Zone") to establish the Company's regional cloud-computing center in Luoyang City of Henan Province.
According to the agreement, CNIT will build a new regional cloud-computing center in the Luoyang Hi-Tech Zone to provide cloud-based services for customers in Luoyang City and Henan Province. In addition to preferential tax treatments from the Luoyang Hi-Tech Zone, the new facility will also enjoy free office space, supportive human resource policies and assistance in local hiring.
The Company will apply Internet technologies in data analytics, cloud computing, Internet-of-Things, and mobile Internet to improve work and lifestyles in Luoyang. In addition, it is expected that the CNIT cloud computing solutions will also help local companies obtain and manage operational data, help companies better understand customer needs and improve user experiences, and meet the needs of small- and medium-sized companies for new media-based marketing and promotions.
"On the heels of our successful promotion of the Annual Peony Festival, we are pleased to further our strategic relationship with the Luoyang business community and its municipal government," said Mr. Jiang Huai Lin, Chairman and CEO of the Company. "Luoyang Hi-Tech Zone is a fast growing and environmentally sustainable economic hub in central China. After laying down the cloud computing infrastructure, we will leverage our Cloud-App-Terminal (CAT) new media solutions and Cloud Nest data services to help build an Internet-enabled growth model that would create more jobs and help transform Luoyang into a Smart City."
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.