XI'AN, China, May 8, 2019 /PRNewswire/ -- Future FinTech Group
Inc. (NASDAQ: FTFT; the "Company"), a financial technology company
and integrated producer of fruit-related products, today announced
that it has received a letter from the NASDAQ Listing
Qualifications Staff notifying the Company that it has regained
compliance with NASDAQ's minimum bid price requirements for
continued listing on the Nasdaq Capital Market. The letter noted
that as a result of the closing bid price of the Company's common
stock having been at $1.00 per share
or greater for at least ten consecutive business days, from
April 11, 2019 to May 6, 2019, the Company has regained compliance
with Listing Rule 5550(a)(2) and the matter is now closed.
About Future FinTech Group Inc.
Future FinTech Group Inc. ("Future FinTech", "FTFT" or the
"Company") is incorporated in Florida and engages in fruit juice and
financial technology businesses. The Company engages in the
research and development of digital asset systems based on
blockchain technology and also operates an incubator for
application projects using blockchain technology. The Company and
its subsidiaries are developing blockchain technology and
cryptocurrencies for a variety of B2B and B2C real-life
applications including a variety of financial businesses and the
distribution, marketing and sale of consumer products. FTFT is also
developing an operational online shopping mall platform utilizing
blockchain technology and the shared economy. For more information,
please visit http://www.ftft.top/.
Safe Harbor Statement
Certain of the statements made in this press release are
"forward-looking statements" within the meaning and protections of
Section 27A of the Securities Act of 1933, as amended and Section
21E of the Securities Exchange Act of 1934, as amended, or the
Exchange Act. Forward-looking statements include statements with
respect to our beliefs, plans, objectives, goals, expectations,
anticipations, assumptions, estimates, intentions, and future
performance, and involve known and unknown risks, uncertainties and
other factors, which may be beyond our control, and which may cause
the actual results, performance, capital, ownership or achievements
of the Company to be materially different from future results,
performance or achievements expressed or implied by such
forward-looking statements. All statements other than statements of
historical fact are statements that could be forward-looking
statements. You can identify these forward-looking statements
through our use of words such as "may," "will," "anticipate,"
"assume," "should," "indicate," "would," "believe," "contemplate,"
"expect," "estimate," "continue," "plan," "point to," "project,"
"could," "intend," "target" and other similar words and expressions
of the future.
All written or oral forward-looking statements attributable to
us are expressly qualified in their entirety by this cautionary
notice, including, without limitation, those risks and
uncertainties described in our annual report on Form 10-K for the
year ended December 31, 2017 and our
other reports and filings with SEC. Such reports are available upon
request from the Company, or from the Securities and Exchange
Commission, including through the SEC's Internet website at
http://www.sec.gov. We have no obligation and do not undertake to
update, revise or correct any of the forward-looking statements
after the date hereof, or after the respective dates on which any
such statements otherwise are made.
IR Contact:
Dragon Gate Investment Partners LLC
Tel: +1(646)-801-2803
Email: ftft@dgipl.com
View original
content:http://www.prnewswire.com/news-releases/future-fintech-group-regains-compliance-with-nasdaq-minimum-bid-price-listing-requirement-300845600.html
SOURCE Future FinTech Group Inc.