Professional Diversity Network, Inc. (NASDAQ:IPDN) (“PDN” or the
“Company”), a global developer and operator of online and in-person
networks that provide access to networking, training, educational,
business and capital cooperation, business development and
employment opportunities for diverse individuals, today announced
the successful completion and sell out of the Company’s largest
event to date, its first annual International Capital Leadership
Summit, an exclusive international forum focused on financing,
M&A, restructuring, and publicly listing in the US.
The event, produced as a series of summit
events, was held on December 2-3, 2017 in Beijing, China at the
Jiuhua Resort and drew nearly 5000 paid participants both in person
and online. The event company behind the event was Shanghai Yuanfu
Cultural Company, known for previously having worked on the
Olympics. The host sponsor was Xinhua News Agency / China Fortune
Media Group and the event was organized by PDN (China)
International Culture Development Co. Ltd.
Due to strong demand, the event was made
available in China via a paid for online webcast.
As mentioned previously, as part of PDN’s
relationship with China Fortune Media Group, together the parties
intend to establish an international elite entrepreneurial club
working with international capital, investment banks, and
projects and listed resources with a goal of establishing a
platform linking with capital and financial resources both at home
and abroad.
China Fortune Media Group was founded and
established by the Xinhua News Agency and approved by the State
Council and the Central Publicity Department. It consists of China
Securities Journal, Shanghai Securities News, Economic Information
Daily, Xinhua Publishing House, China Fortune Net and Huaxin Asset
Management Company. The group was created by Xinhua News Agency as
a comprehensive, state-of-the-art technological, omni-media modern
media group.
The event was headlined by Michael Wang, CEO of
IPDN, Bruce Aust, Vice Chairman of Nasdaq and hosted by PDN
President Star Jones.
The Company had been promoting the event
throughout China. Participation and interest affirmed the events
interest to many entrepreneurs in China who respect and value the
NASDAQ brand and are interested U.S. financing and public market
opportunities. In addition, the Company received positive feedback
about the topic of the forum, and especially about Vice Chairman of
the Nasdaq, Mr. Bruce Aust’s participation. Mr. Aust participated
in an exclusive Q&A session with PDN CEO Michael Wang and PDN
President Star Jones focusing on the needs of Chinese enterprises
and their ability to leverage the US public markets.
PDN CEO Michael Wang stated, “We are clearly
very pleased with the results of our First International Capital
Leadership Summit. We believe we are making progress in China
towards establishing both our brands and our reputation. We were
especially pleased to offer those in China who couldn’t attend in
person, an alternative live streaming option that could be
purchased online. Live streaming is one of the businesses that PDN
China believes important and intends to leverage in the future as
it can extend our reach and provide a complementary revenue
vertical.”
Wang concluded, “Going forward, we plan to hold
special chapters one or two times every month, as well as hosting a
large scale summit annually involving members of the International
Elite Entrepreneurial Club. I’d like to thank the entire PDN team
and our partners for making this event a success.”
“I thoroughly enjoyed conducting the roundtable
with PDN CEO Michael Wang and Mr. Aust. I have known Mr. Aust
throughout his successful leadership of Nasdaq and I’m thrilled
that he brought his commitment to global entrepreneurship to PDN as
we continue the expansion of our company,” added Ms. Jones.
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.
Jason Assad – Investor
Relations
Jassad@prodivnet.com
678-570-6791
Jim Kirsch – Co-Executive
Chairman
jkirsch@prodivnet.com
312-614-9021
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