NEW YORK, July 26, 2017 /PRNewswire/ -- Seven Stars
Cloud Group, Inc. (NASDAQ: SSC) ("SSC" or the "Company"), announced
today the signing of a strategic cooperation agreement
("Cooperation Agreement") with International Business Settlement
Holdings Limited (HKSE: 00147.HK) under SSC's Transactional Finance
Product Cloud.
According to the Cooperation Agreement, IBS (a publicly traded
financial technology company) and SSC will partner on several
initiatives related to global cross-border settlement and other
financial related services using resources and technology from both
companies.
The partnership between IBS and SSC will promote the application
of private cloud technology and blockchain technology by docking
the system with central bank's RTGS (Real-Time Gross Settlement),
specifically central bank's whose countries are part of the Belt
& Road initiative (a development strategy proposed
by Chinese President Xi that focuses on connectivity
and cooperation between Eurasian countries and encompassing around
60 countries thus far).
About Seven Stars Cloud Group, Inc.
(http://corporate.sevenstarscloud.com)
Seven Stars Cloud Group, Inc. (NASDAQ: SSC) is aiming to be a
leading Intelligent Industrial Internet company with solutions
designed to provide operational efficiencies in today's constantly
evolving business landscape. With a focus on 'BASE' technology and
infrastructure (Blockchain, Artificial Intelligence, Supply Chain
& Exchanges) to power our V PaaS (Virtual Platform as a
Service), SSC is creating a closed trade ecosystem for buyers and
sellers designed to eliminate supply chain and transactional
middlemen and create a more direct and margin-expanding trading
path for principals. SSC is applying BASE + V PaaS to focus
on 3 Core Cloud Areas: I. Intellectual Property Cloud; II. Product
Sales Cloud; III. Financial Services Cloud. With the three clouds
functioning both independently and interdependently, SSC is
creating a vertical, transactional and flexible platform for
today's global enterprises.
Safe Harbor Statement
This press release contains certain statements that may
include "forward looking statements." All statements other than
statements of historical fact included herein are "forward-looking
statements." These forward looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involve known and unknown risks
and uncertainties. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. You 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 or persons
acting on its 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.
CONTACT:
Jason
Finkelstein
Seven Stars Cloud Group,
Inc.
212-206-1216
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SOURCE Seven Stars Cloud Group, Inc.