Datasea Signs $3.87 Million Procurement Contract for Short Message and 5G Multimedia Message Services
September 23 2021 - 8:30AM
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, Shuhai Zhangxun Information
Technology Co., Ltd. ("Shuhai Zhangxun") had signed a $3.87 million
procurement contract (the “Contract”) for Short Message and 5G
Multimedia Message Services ("Messaging Services") with Liangzi
Xuntong Technology Co., Ltd. ("Liangzi Xuntong").
Pursuant to the Contract, Shuhai Zhangxun will provide Messaging
Services to help Liangzi Xuntong reach its clients. The Messaging
Services include but are not limited to granting Liangzi Xuntong 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. Liangzi Xuntong undertakes that the total purchase value
of this engagement would be no less than RMB 25 million
(approximately USD 3.87 million). The term of the Contract is one
year, during which the service fees will be prepaid by Liangzi
Xuntong on a monthly basis based on its estimated amount of
messages to be sent and Shuhai Zhangxun will provide to Liangzi
Xuntong an invoice listing the details of services and fees within
the first five days of the next month.
"This procurement contract reflects our ongoing commitment to
introduce our products to the market. Our performance has been
strong year-to-date, and we have a very competitive product
portfolio in 5G Messaging markets. To continue this momentum, we
are working with distribution partners together to expand product
availabilities while keeping delivering first-class services," said
Zhixin Liu, CEO of Datasea.
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. Vicky
ChuengTelephone: +1(646) 866-7989 Email:
Datasea@iecapitalusa.com
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