Update: BOQI International Medical Forms New Subsidiary, BOYI Technology, To Generate Revenue in Healthcare Technology Indust...
November 06 2020 - 8:30AM
BOQI International Medical Inc. (NASDAQ: BIMI) (“BIMI” or the
“Company”) today provided an update on the development
of an eProcurement platform,
supply-chain-management software and telemedicine software
for the healthcare industry by its wholly-owned subsidiary, Dalian
BOYI Technology Co., Ltd.
As initially disclosed on February 21, 2020, BOYI Technology was
established to develop and market software for the healthcare
industry including, an eProcurement platform,
supply-chain-management software, telemedicine software and chronic
care management systems. To align with BIMI’s plans for the future
including its proposed online to offline business model, BOYI
Technology has revised its strategy. Going forward, BOYI
Technology intends to merge a chronic care management module into
telemedicine software. In addition, BOYI Technology plans to
develop solutions for hospitals and other healthcare institutions
that will integrate and utilize both online and offline
resources.
In addition, to support BIMI’s operation, BOYI Technology has
developed a new website for BIMI at www.usbimi.com,
displaying the Company’s profile, core business, investor
relations, news center, corporate culture, contacts, and other
general information.
“BOYI Technology’s information technologies rely on cloud
computing clusters and big data intelligent analysis. These
programs can facilitate the transition from traditional medical
institutions to internet-based institutions as well as enable the
switch from the traditional manual diagnosis to AI intelligent
diagnosis. I believe that our healthcare technologies can improve
the efficiency of medical institutions and meet the increasing
market demand for telehealth and daily medical needs.” Said Mr.
Tiewei Song, Chief Executive Officer and President of BOQI
International Medical Inc.
About BOQI International Medical Inc.
BOQI International Medical Inc. (formerly known as NF Energy
Saving Corporation) (NASDAQ: BIMI) was founded in 2006. In February
2019, the Board of Directors of the company was reorganized with a
focus on the health industry. The Company is now exclusively a
healthcare products provider, offering a broad range of healthcare
products and related services. For more information about BOQI
International Medical, please visit www.usbimi.com.
Safe Harbor Statement
Certain matters discussed in this news release are
forward-looking statements that involve a number of risks and
uncertainties including, but not limited to, the Company’s ability
to achieve profitable operations, its ability to continue to
operate as a going concern, its ability to continue to meet NASDAQ
continued listing requirements, the effects of the spread of the
Coronavirus (COVID-19), the demand for the Company’s products and
the Company’s customers’ economic condition, risk of
operations in the People’s Republic of China, general economic
conditions and other risk factors detailed in the Company’s annual
report and other filings with the United States Securities and
Exchange Commission. Investors are urged to read the Company’s
Quarterly Report on Form 10-Q for the three months ended March 31,
2020 for further information about the Company’s financial results,
liquidity and capital resources.
IR Contact:
Dragon Gate Investment Partners LLCTel: +1(646)-801-2803Email:
BIMI@dgipl.com
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