Datasea Enters into a $4.67 Million Procurement Contract to Provide Short Message and 5G Multimedia Message Services
October 18 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 company named Shuhai
Zhangxun Information Technology Co., Ltd. ("Shuhai Zhangxun") had
signed a $4.67 million procurement contract (the "Contract") for
Short Message and 5G Multimedia Message Services ("Messaging
Services") with Jiangxi Zhouwang Network Technology Co., Ltd.
("Jiangxi Zhouwang").
Pursuant to the Contract, Shuhai Zhangxun will help Jiangxi
Zhouwang reach its clients and provide value-added
telecommunication Messaging Services. The Messaging Services
include but are not limited to granting Jiangxi Zhouwang 1) access
to Shuhai Zhangxun’s Short Message and 5G Multimedia Message
platforms; 2) an access code issued by the Ministry of Industry and
Information Technology to adopt the above services, and 3) the
telecommunication gateways of the three major Chinese mobile
operators to allow data to flow from one discrete network to
another. Jiangxi Zhouwang undertakes the total purchase value of
this engagement would be no less than RMB 30 million (approximately
USD 4.67 million). The term of the Contract is one year. The
service fees under the Contract shall commence when Jiangxi
Zhouwang starts to adopt Shuhai Zhangxun’s Short Message and 5G
Multimedia Message services. The billing cycle under the Contract
is one calendar month, and Jiangxi Zhouwang will be invoiced
monthly.
"Our 5G messaging business strategy and the work that we have
done in the past year have led to phenomenal business results,
strengthened our core business, and positioned Datasea for
long-term sustainable growth," said Zhixin Liu, CEO of Datasea.
"Datasea team is incredibly excited to be working with Jiangxi
Zhouwang and helping them in taking hands-on messaging technology
to new heights with our 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. Vicky
ChuengTelephone: +1(646) 866-7989 Email:
datasea@iecapitalusa.com
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