NEW YORK, Jan. 26, 2021 -- Taoping Inc. (NASDAQ: TAOP, the “Company”), a provider of internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, announced today that the Company has entered into a strategic partnership agreement with Ivy International Education Technology Co., Ltd. (“Ivy International Education”) to develop and market new learning programs for quality education.<\/p>
Ivy International Education is a professional organization engaged in study abroad consulting, Project-Based Learning (PBL) program consulting, online education, and charitable education programs. Ivy International Education is the only authorized representative of interactive K-12 Online Learning program provider MommyDaddyMe in the Chinese mainland market.<\/p>
As part of the agreement, TAOP and Ivy International Education intend to form a joint venture company in China around February 2021. TAOP and Ivy International Education will own 51 percent and 49 percent equity interests in the joint venture, respectively.<\/p>
“We are excited about this partnership as we believe it is a milestone for TAOP to tap into the education market with growing demands for online and offline innovative learning programs,” said Mr. Jianghuai Lin, Chairman and CEO of TAOP. “We believe that by combining TAOP’s advertising network and smart cloud platform technology with Ivy International Education’s expertise in international and online education, the joint venture will be well positioned to bring new learning experience to our communities of over 200 cities in China.”<\/p> NEW YORK, Jan. 26, 2021 -- Taoping Inc. (NASDAQ: TAOP, the “Company”), a provider of internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, announced today that the Company has entered into a strategic partnership agreement with Ivy International Education Technology Co., Ltd. (“Ivy International Education”) to develop and market new learning programs for quality education.<\/p>","isAllowCommet":0,"isHot":0,"isNew":0,"isShow":1,"isShowInHome":1,"lang":1,"m":0,"n":0,"navigatorId":720,"navigatorRootId":930,"nickName":"管理员","productTypeId":0,"sort":0,"sourceId":0,"tags":"","title":"TAOP and Ivy International Education Forming Joint Venture to Develop and Market New Learning Programs for Quality Education","url":"","visitCount":0},{"articleId":5010,"attachment":"","auditStatus":1,"banner":"","company":3,"createTime":"2021-02-19 21:00:00","detail":" SHENZHEN, Feb. 19, 2021 -- Taoping Inc. (NASDAQ: TAOP, the “Company”), a provider of internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, announced today that the Company has entered into a consulting agreement (the \"Consulting Agreement\") with Great Bay Capital Investment Limited (\"Great Bay\").<\/p> Pursuant to the Consulting Agreement, TAOP engaged Great Bay as a consultant for a two-year term effective February 19, 2021. Great Bay will provide various consulting services including the following:<\/p> Provide the Company with business development services focused on blockchain and digital assets (such as Bitcoin, Ethereum, etc.) investment opportunities.<\/p> Introduce TAOP to potential investors for strategic investment.<\/p> Introduce potential M&A targets in blockchain industry, and assist TAOP in completing relevant due diligence work and propose M&A plans.<\/p> “TAOP started research on applying blockchain technology to Taoping New-media Ecosystem three years ago. In the past three years, we kept upgrading Taoping smart cloud platform and Taoping screens are now available in 211 cities across 26 provinces in China. Also, growing market demand for digital assets such as Bitcoin, maturity of advanced solutions, and improving regulatory clarity present considerable market opportunities. It’s time for TAOP to embrace the opportunities in blockchain industry and digital assets, especially Bitcoin,” said Mr. Jianghuai Lin, Chairman and CEO of TAOP. “We believe Great Bay can help us achieve this goal.”<\/p> In consideration for the services to be provided by Great Bay, the Company agreed to issue to Great Bay a warrant (the “Warrant”) within 7 days after the execution of the Consulting Agreement for the purchase of 1,000,000 ordinary shares of the Company, exercisable at $3.50 per share (subject to adjustment) at any time prior to the 181st calendar day after the date of issuance. The Warrant can only be exercised for cash. The Warrant and its underly ordinary shares will be issued to Great Bay in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended and/or Regulation S promulgated thereunder.<\/p> SHENZHEN, Feb. 19, 2021 -- Taoping Inc. (NASDAQ: TAOP, the “Company”), a provider of internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, announced today that the Company has entered into a consulting agreement (the \"Consulting Agreement\") with Great Bay Capital Investment Limited (\"Great Bay\").<\/p>","isAllowCommet":0,"isHot":0,"isNew":0,"isShow":1,"isShowInHome":1,"lang":1,"m":0,"n":0,"navigatorId":720,"navigatorRootId":930,"nickName":"管理员","productTypeId":0,"sort":0,"sourceId":0,"tags":"","title":"TAOP Enters into Consulting Agreement with Great Bay Capital Investment for Blockchain Deployment","url":"","visitCount":0},{"articleId":5012,"attachment":"","auditStatus":1,"banner":"","company":3,"createTime":"2021-02-23 21:00:00","detail":" SHENZHEN, Feb. 23, 2021 -- Taoping Inc. (NASDAQ: TAOP, the “Company”), a provider of internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, today announced that it has entered into securities purchase agreements with certain investors to raise approximately $7.75 million through the issuance of 1,900,000 ordinary shares at a purchase price of $4.08 (average closing price for the 20-trading days ended February 19, 2021). TAOP intends to use the net proceeds from the offering for working capital and general corporate purposes. <\/p> The private placement is expected to close no later than March 21, 2021. The consummation of the private placement is subject to the satisfaction of certain customary closing conditions. The parties have made customary representations, warranties and indemnifications to each other in the securities purchase agreement. For more details of the private placement, please see the Company’s Report on Form 6-K to be filed on or about February 23, 2021.<\/p> “This financing provides TAOP with the capital to take advantage of the opportunities in our industry. I would like to thank all new and existing shareholders for their continued support. We look forward to continuing our approach to value creation in 2021,” said Mr. Jianghuai Lin, Chairman and CEO of TAOP.<\/p> The offer and sale of the foregoing securities are being made in a transaction not involving a public offering and pursuant to an exemption from the registration requirements of Section 5 of Securities Act of 1933, as amended (the “Securities Act”) contained in Section 4(a)(2) thereof and/or Regulation S promulgated under the Securities Act. Accordingly, the securities have not been registered under the Securities Act and may not be reoffered or resold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.<\/p> This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.<\/p>
The joint venture plans to take the following actions in 2021:<\/strong><\/p>