China Information Technology and NDMT Enter Into Exclusive Distribution Agreement in Taiwan

China Information Technology (NASDAQ:CNIT), a leading provider of internet-based ad distribution and ad display terminal sharing systems in China announced that the company has entered into an exclusive distribution agreement with NowNews Digital Media Technology (NDMT).

The company said that the new partnership is believed to a strong strategic fit, leveraging the two leading companies’ strengths to dig into the ditigal advertising market in Taiwan.

NowNews Digital Media is a company that focuses on global Chinese market. The company’s holdings in media space include digital media, movie production and distribution and music copyright.

As quoted in the press release:

According to the agreement, NDMT will act as the exclusive partner of CNIT in Taiwan to promote CNIT’s new-media sharing business. NDMT’s majority-owned subsidiary NOWnews is the largest online self-produced news content provider in Taiwan and the only Taiwanese online news website fully accessible in Mainland China.

“We are thrilled to partner with NDMT,” said Mr. Jianghua Lin, Chairman and CEO of CNIT, “NDMT has established powerful influence in its market as one of the most-visited news websites in Taiwan. We believe that this partnership will strategically enhance our expansion plans in 2018 as we are devoted to providing best-in-class service to a growing and diversified client base.”

“We are excited to begin working with CNIT,” said Mr. Shang-Hong Lin, Executive Director of NDMT, “We are impressed by the innovation of Taoping new-media sharing ecosystem and its significant influence in the market. We look forward to partnering with CNIT to bring an interative advertising solution to our community and drive business growth in this niche market.”

Click here for the full text release.