Datasea Announces a $4.33 Million New Contract to Provide Short Message and 5G Multimedia Message Services
September 13 2021 - 8:45AM
Datasea Inc. (NASDAQ: DTSS) ("Datasea"), a technology company that
provides visual and non-visual based smart security solutions, 5G
messaging products, and smart payment services in China, announced
today that its wholly-owned subsidiary company named Shuhai
Zhangxun Information Technology Co., Ltd. ("Shuhai Zhangxun") had
entered into a short messages business sales cooperation agreement
(the “Agreement”) to provide Short Message and 5G Multimedia
Message Services ("Messaging Services") to Hubei Kuanyun Network
Technology Co., Ltd. ("Hubei Kuanyun").
Under the Agreement, Shuhai Zhangxun will provide Messaging
Services to help Hubei Kuanyun reach its clients, including
suppliers, business partners, and customers. The Messaging Services
include but are not limited to granting Hubei Kuanyun 1) access to
Shuhai Zhangxun Short Message and 5G Multimedia Message platforms;
2) an access code issued by the Ministry of Industry and
Information Technology to adopt the services, and 3) the
telecommunications gateways of the three major Chinese mobile
operators to allow data to flow from one discrete network to
another. Hubei Kuanyun undertakes the total purchase value of this
engagement would be no less than RMB 28 million (approximately USD
4.33 million). The term of the Agreement is one year. The service
fees under the Agreement shall commence at the time when Hubei
Kuanyun gains access to Shuhai Zhangxun Short Message and 5G
Multimedia Message platforms and starts to use the services. The
billing cycle under the Agreement is one calendar month and Hubei
Kuanyun will be invoiced on a monthly basis.
"I'm very pleased to announce the new agreement with Hubei
Kuanyun on 5G Multimedia Messaging Services. This cooperation
demonstrates Datasea's ability to provide bulk messaging services
and a growing market recognition in our technology advantages,
products, and effective service delivery," said Zhixin Liu, CEO of
Datasea. "We'll keep upgrading our 5G messaging products,
applications scenarios, and pricing models with the advanced
technology on hand and client-centric approach in mind. Datasea
aims to be a trusted business partner for millions of small and
medium-sized enterprises in China and be an industry leader in 5G
messaging marketing and cloud business solutions."
About Datasea Inc. Datasea Inc., through its
variable interest entity, Shuhai Information Technology Co., Ltd.,
a technology company in China, provides visual and non-visual based
smart security solutions, 5G messaging products and smart payment
services. Datasea leverages its proprietary technologies,
intellectual property, innovative products and market intelligence
to provide comprehensive and optimized security solutions 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. Datasea routinely
posts important information on its website.
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.
Datasea investor and media
Contact:International Elite Capital Inc. Annabelle
ZhangTelephone: +1(646) 866-7989 Email:
Datasea@iecapitalusa.com
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