SHANGHAI, Feb. 4, 2020 /PRNewswire/ -- CLPS Incorporation
(Nasdaq: CLPS) ("CLPS" or "the Company") today announced that it
established a new company, Qinson Credit Card Services Limited
("Qinson Credit Card"), a wholly-owned subsidiary based in
Hong Kong, on December 31, 2019, to cater to the credit card
service demands of the financial industry. The establishment of
this subsidiary is in-line with the Company's strategic business
development plan.
With more than ten years of experience in the credit card
service industry, CLPS is a leading service provider with hundreds
of professionals specializing in the areas of credit card
technology and business services. The Company has successfully
implemented credit card systems for many large banks and other
financial institutions, covering multinational and multi-currency
transactions. The aggregate revenue of the Company's credit
card related business, including Qinson Credit Card, is forecasted
to be approximately $7 million in
fiscal year 2020.
By integrating the Company's credit card service resources and
its in-depth knowledge and successful applications of advanced
technologies such as big data, blockchain, and robotic process
automation (RPA), Qinson Credit Card is well positioned to
provide clients a full range of credit card services and to meet
growing demand from new application scenarios and innovations in
the credit card business. As a result, CLPS is able to further
expand its business, reduce operational costs, improve performance
efficiency, and enhance the user experience.
Mr. Andy Xiang, General Manager
of Qinson Credit Card, said, "Qinson Credit Card aims to provide
clients with comprehensive credit card services such as consulting,
business operations, product implementation, business hosting,
skills training, infrastructure construction, and other services.
Through extensive planning and professional management, we believe
Qinson Credit Card's services are the right solutions for existing
and potential clients. To achieve our growth objectives, we will
continuously improve our service capabilities, enhance the
Company's core service offering, and continue to execute on our
business development strategy."
Mr. Henry Li, Chief Operating
Officer of CLPS, commented, "The establishment of Qinson Credit
Card is an important milestone for CLPS. We expect Qinson Credit
Card to enhance and further develop our competitive advantage in
credit card services to bring a significant value proposition to
clients and generate further business development
opportunities."
About CLPS Incorporation
Headquartered in Shanghai, China, CLPS Incorporation
(the "Company") (Nasdaq: CLPS) is a global leading information
technology ("IT") consulting and solutions service provider
focusing on the banking, insurance, and financial service sectors.
The Company serves as an IT solutions provider to a growing network
of clients in the global financial service industry, including
large financial institutions in the
US, Europe, Australia, and Hong Kong SAR, and their
PRC-based IT centers. The Company maintains 18 delivery and/or
research & development centers to serve different customers in
various geographic locations. Mainland China centers are
located in Shanghai, Beijing, Dalian, Tianjin,
Baoding, Chengdu, Guangzhou, Shenzhen, Hangzhou, and
Suzhou. The remaining eight global centers are located in Hong Kong
SAR, USA,
UK, Japan, Singapore, Malaysia, Australia,
and India. For further information regarding the Company,
please visit: http://ir.clpsglobal.com/.
Forward-Looking Statements
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.
Forward-looking statements include statements with respect to the
Company's beliefs, plans, objectives, goals, expectations,
anticipations, assumptions, estimates, intentions, and future
performance. Known and unknown risks, uncertainties and other
factors, which may be beyond the Company's control, may cause the
actual results and performance of the Company to be materially
different from such forward-looking statements. All such statements
attributable to us are expressly qualified in their entirety by
this cautionary notice, including, without limitation, those risks
and uncertainties related to the Company's expectations of the
Company's future growth, performance and results of operations, the
Company's ability to capitalize on various commercial, M&A,
technology and other related opportunities and initiatives, as well
as the risks and uncertainties described in the Company's most
recently filed SEC reports and filings. 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.
Contact:
CLPS Incorporation
Email: ir@clpsglobal.com
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SOURCE CLPS