BEIJING, Oct. 5, 2018 /PRNewswire/ -- China
Internet Nationwide Financial Services Inc. (NASDAQ: CIFS) ("CIFS"
or the "Company"), a financial advisory service provider and
financial technology company today announced that its wholly-owned
subsidiary, Beijing Anytrust Science & Technology Co., Ltd
("Anytrust") has developed an e-commerce big data system for
InterPark Chifeng BizMarket (CF BizMarket), a subsidiary of
InterPark Holdings Corporation. The agreement, which was signed
earlier this year, is valued at approximately $1 million.
Per the terms of the agreement, CIFS Anytrust has developed an
e-commerce and e-payment system and a warehouse management platform
using big data and A.I. technology to assist CF BizMarket in
conducting cross-border financial and business transactions,
obtaining comprehensive information about buyers/suppliers,
performing enterprise credit risk control, etc. As previously
announced, AnyInfo's Enterprise Edition gathers, analyzes,
categorizes a massive amount of financial and operational data, and
provides users with comprehensive information for over 30 million
enterprises in China.
Mr. Jianxin Lin, Chairman and
Chief Executive Officer of CIFS, commented, "We are thrilled to be
working with BizMarket, an e-commerce giant in the Korean
and Asian markets. The agreement
with BizMarket marks the international expansion of our
Fintech business, and we are in discussions with other
multinational corporations in the region. We hope to sign
more service development agreements like this in the near
future."
About InterPark Holdings Corporation
InterPark Holdings Corporation (035080.KQ / KOE), formerly known
as InterPark Corporation, is a Korea-based holding company, which,
along with its subsidiaries, operates online shopping malls,
logistics, computer programming, English education and café
franchise businesses.
About China Internet Nationwide Financial Services
Inc.
Incorporated in 2014, China Internet Nationwide Financial
Services Inc. (NASDAQ: CIFS) commenced its business by providing
financial advisory services to small and medium size companies
("SMEs"). The traditional business segments include commercial
payment advisory, intermediary bank loan advisory and international
corporate financing advisory services which help clients to meet
their commercial payment and investment needs. In late 2017,
the Company made a strategic decision to transition into a FinTech
company by providing clients with creative financial services,
FinTech products and industry solutions leveraging big data and AI,
aiming to help clients to reduce financing costs, lower financing
risks and improve operating efficiency. Currently its FinTech
business includes three segments: Supply Chain Financing, Big Data
Analysis & AI Reports, and Intelligent Investment Research. For
more information, please visit its website www.cifsp.com.
For additional information contact:
Investor Relations
(China)
China Internet
Nationwide Financial Services, Inc.
ir@cifsp.com
+1 212
220-6998
|
Investor Relations
Service (US)
Lena Cati:
ir.us@cifsp.com
+1 212
836-9611
|
Forward Looking Statements
This news release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar
statements. All statements other than statements of historical fact
in this press release are forward-looking statements and involve
certain risks and uncertainties that could cause actual results to
differ materially from those in the forward-looking statements.
These forward-looking statements are based on management's current
expectations, assumptions, estimates and projections about the
Company and the industry in which the Company operates, but involve
a number of unknown risks and uncertainties, Further information
regarding these and other risks is included in the Company's
filings with the U.S. Securities and Exchange Commission. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and actual
results may differ materially from the anticipated results. You are
urged to consider these factors carefully in evaluating the
forward-looking statements contained herein and are cautioned not
to place undue reliance on such forward-looking statements, which
are qualified in their entirety by these cautionary statements.
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SOURCE China Internet Nationwide Financial Services Inc.