Professional Diversity Network, Inc. Announces First Networking Membership Sales in China
July 11 2017 - 8:45AM
Professional Diversity Network, Inc. (NASDAQ:IPDN) (“PDN” or
the “Company”), a global developer and operator of online and
in-person networks that provides access to networking, training,
educational and employment opportunities for diverse individuals,
announced its first networking membership sales in China.
The Company has previously announced its
successful entry in the Chinese market with respect to its
international education services division – through its new
subsidiary AETSI, Inc. – as well as its international professional
training division – through its Shared Economy Events. As
preliminarily reported in the Company’s most recent 10-Q, it has
already derived revenue from its entry in the Chinese market.
Today, the Company is pleased to announce that
it has made its first sales in its international women’s networking
division, International Association of Women (“IAW”). Since its
November 2016 investment from Cosmic Forward Limited, the Company
has coupled its U.S. experience, including its success with the
National Association of Professional Women (“NAPW”), with its new
connections and opportunities in China. Its initial IAW sales
in China further exemplify the Company’s commitment to its
strategic plan to deliver international education, training and
networking to meet the growing Chinese demand for those
services.
Jim Kirsch, PDN’s Executive Co-Chairman, said,
“We committed to focus significant resources on three growth areas
in China – international education services, international
professional training and development, and international women’s
networking. This approach includes men, women and children so
that we serve the whole family. Our team takes great pleasure
in today’s announcement, because it reflects our commitment to
keeping our promises to our shareholders and developing new revenue
streams in the world’s fastest-growing market.”
About Professional Diversity Network (PDN)
Professional Diversity Network, Inc. (PDN) is a
global developer and operator of online and in-person networks that
provides access to networking, training, educational and employment
opportunities for diverse professionals. We operate subsidiaries in
the United States and China including National Association of
Professional Women (NAPW), which is one of the largest, most
recognized networking organizations of professional women in the
country, spanning more than 200 industries and professions, and
Noble Voice, a career placement and career counseling call center.
Through an online platform and our relationship recruitment
affinity groups, we provide our employer clients a means to
identify and acquire diverse talent and assist them with their
efforts to comply with the Equal Employment Opportunity Office of
Federal Contract Compliance Program. Our mission is to utilize the
collective strength of our affiliate companies, members, partners
and unique proprietary platform to be the standard in
business diversity recruiting, networking and professional
development for women, minorities, veterans, LGBT and disabled
persons globally.
Forward-Looking Statements
This press release contains certain
forward-looking statements based on our current expectations,
forecasts and assumptions that involve risks and uncertainties.
This release does not constitute an offer to sell or a solicitation
of offers to buy any securities of any entity. Forward-looking
statements in this release are based on information available to us
as of the date hereof. Our actual results may differ materially
from those stated or implied in such forward-looking statements,
due to risks and uncertainties associated with our business, which
include the risk factors disclosed in our most recently filed
Annual Report on Form 10-K and in our subsequent filings with the
Securities and Exchange Commission. Forward-looking statements
include statements regarding our expectations, beliefs, intentions
or strategies regarding the future and can be identified by
forward-looking words such as "anticipate," "believe," "could,"
"estimate," "expect," "intend," "may," “plan,” "should," and
"would" or similar words. We assume no obligation to update the
information included in this press release, whether as a result of
new information, future events or otherwise. Our most recently
filed Annual Report on Form 10-K, together with this press release
and the financial information contained herein, are available on
our website, www.prodivnet.com. Please click on "Investor
Relations."
CONTACT: Professional Diversity Network, Inc.
Chris Wesser – EVP and Secretary
cwesser@prodivnet.com
516-659-8560
Jim Kirsch – Executive Co-Chairman
jkirsch@prodivnet.com
312-614-9021
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