Internet of Things Inc. (INOTF)

Internet of Things Inc. Signs LoI to Enter Into a JV with Chinese Global Conglomerate New Hope Group

Internet of Things Inc. (OTCMKTS:INOTF / TSXV Exchange:ITT) ("IoT Inc." or the "Company") an IoT software and solutions provider, announced today that it has signed a Letter of Intent to form a joint venture partnership with New Hope Data Technology Co., Ltd. a New Hope Group (collectively "New Hope") affiliated and invested company. New Hope is one of China's largest privately-owned enterprises and in the Top 500 Enterprises for 14 consecutive years. With more than 600 subsidiaries and nearly 70,000 employees and annual revenues of nearly 80 Billion Yuan or $15.5 Billion, New Hope is involved in a wide range of sectors, from agriculture and real estate to infrastructure, chemical engineering, finance and insurance.