SHISHI, China, March 28, 2018 /PRNewswire/ -- KBS Fashion Group
Limited (NASDAQ: KBSF) ("KBS" or the "Company"), a
vertically-integrated casual menswear company in China, today announced that the Company is
exploring opportunities in investing and developing new artificial
intelligence technologies that may offer significant values to the
apparel industry.
Mr. Yan, Chairman and CEO of KBS, commented, "This strategic
movement flags the Company's
intention to expand its business in new technologies
for complementing its core manufacturing business." "The Company intends to pursue
such opportunities via either the direct investment into or
cooperation with companies where there are significant synergies."
"I believe KBSF is well positioned and has the capacities for
becoming a meaningful player in the evolution of artificial
intelligence in the apparel industries in China and globally", added Mr. Yan.
About KBS Fashion Group Limited
Headquartered in Shishi, China,
KBS Fashion Group Limited, through its subsidiaries, is engaged in
the business of designing, manufacturing, selling and distributing
its own casual menswear brand, KBS, through a network of 50 KBS
branded stores (as of June 30, 2017)
and over a number of multi-brand stores. To learn more about the
Company, please visit its corporate website at
www.kbsfashion.com.
Safe Harbor Statement
This press release may contain certain "forward-looking
statements" relating to the business of KBS Fashion Group Limited,
and its subsidiary companies. All statements, other than statements
of historical fact included herein, are "forward-looking
statements" in nature within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements,
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 these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. Investors 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.
For further information, please contact:
Lisa Tu
Chief Financial Officer
T: +86 158-5972-2469
E: lingsantu@hotmail.com
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SOURCE KBS Fashion Group Limited