Datasea’s Wholly-Owned Subsidiary Entered Into Several Purchase and Distribution Agreements and Further Enhanced 5G Messagi...
July 14 2021 - 8:30AM
Datasea Inc. (NASDAQ: DTSS) ("Datasea"), a technology company
engaged in providing smart security solutions, smart hardware and
education-related technologies in China, announced today that its
wholly-owned subsidiary company named Shuhai Zhangxun Information
Technology Co., Ltd. ("Shuhai Zhangxun") has signed six purchase
and distribution agreements to provide 5G Message-marketing Cloud
Platform ("5G MMCP") Version 3.0 and further enhanced product
availability nationwide in China by adding new district partners.
5G MMCP is a product intending to unify customer and prospect
marketing signals in a single view with functions like precise SaaS
value-added services, data monetization and message-marketing.
Shuhai Zhangxun entered
into purchase and distribution agreements with six companies
located in Nei Mongol, Anhui, Chongqing and Zhejiang. Under the
agreements, six companies will cooperate with Shuhai Zhangxun as
district partners, enjoy the exclusive authorization in designated
districts to distribute 5G MMCP Version 3.0, and have access to
sales commission. In exchange, six companies will pay Shuhai
Zhangxun for providing 5G Messaging products and services and the
total value of these engagements is RMB 886,000 (or USD 136,940
approximately). Shuhai Zhangxun has already received RMB 490,400
(or USD 75,796 approximately).
Liu Zhixin, CEO of
Datasea, commented, "Datasea's research and development team has
been making ongoing efforts to improve and strengthen our products
as we believe a steady stream of improvements, diligently executed,
will have transformational results. Along with those efforts is our
rapidly expanded distribution network nationwide, and I am very
pleased to add six new district partners. We are also witnessing
increasing demand and inquiries from customers and business
partners about 5G MMCP. As the commercialization of 5G
messaging will be fully introduced to the Chinese market, we will
work closely with customers and business partners to reinforce our
brand with a comprehensive marketing plan, and eventually achieve
revenue growth by optimizing monetization."
About Datasea
Inc.
Datasea is a technology
company in China engaged in providing smart security solutions,
smart hardware and developing education-related technologies.
Datasea leverages its proprietary technologies, intellectual
property, innovative products and market intelligence to provide
comprehensive and optimized security solutions and education
related technologies to its clients. Datasea has been certified as
one of the High Tech Enterprises (jointly issued by the Beijing
Science and Technology Commission, Beijing Finance Bureau, Beijing
State Taxation Bureau and Beijing Local Taxation Bureau) and one of
the Zhongguancun High Tech Enterprises (issued by the Zhongguancun
Science Park Administrative Committee) in recognition of the
company's achievement in high technology products. For additional
company information, please visit: www.dataseainc.com.
Cautionary Note
Regarding Forward-Looking Statements
This press release
contains forward-looking statements within the meaning of Section
21E of the Securities Exchange Act of 1934 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", "target", "going forward", "outlook,"
"objective" and similar terms. Such statements are based upon
management's current expectations and current market and operating
conditions, and relate to events that involve known or unknown
risks, uncertainties and other factors, all of which are difficult
to predict and which are beyond Datasea's control, which may cause
Datasea's actual results, performance or achievements (including
the RMB/USD value of its anticipated benefit to Datasea as
described herein) to differ materially and in an adverse manner
from anticipated results contained or implied in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in Datasea's
filings with the U.S. Securities and Exchange Commission, which are
available at www.sec.gov. Datasea does not undertake any obligation
to update any forward-looking statement as a result of new
information, future events or otherwise, except as required under
law.
Investor and Media
Contact:
International Elite
Capital Inc. Vicky ChuengTelephone: +1(646) 866-7989 Email:
Datasea@iecapitalusa.com
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