ROSLYN, N.Y., March 25, 2021 /PRNewswire/ -- Sino-Global
Shipping America, Ltd. (NASDAQ: SINO) ("Sino-Global," the "Company"
or "We") today announced it has agreed to acquire a 60% ownership
of blockchain infrastructure developer Super Node LLC in an all
stock transaction valued at $5
million. The transaction is subject to the satisfaction of
warranties and representations under the purchase agreement.
Based in Wilmington, Delaware,
Super Node LLC is a privately held, blockchain infrastructure
software developer and service provider. It operates multiple
CyberMiles nodes and develops decentralized applications on the
CyberMiles network, a powerful, high-performance CyberMiles
public chain.
Mr. Lei Cao, Chief Executive Officer of Sino-Global, commented,
"The addition of Super Node further strengthens our capabilities
and accelerates the buildout of our business as we pursue major
opportunities in the rapidly growing cryptocurrency market and
digital economy. We are particularly excited to be partnering
with Super Node's proven team of developers, which will open
additional opportunities to us in NFTs (non-fungible tokens), which
have rapidly surged in popularity, market value, and breadth of
digital products created."
About Sino-Global Shipping America, Ltd. (NASDAQ:
SINO)
Founded in the United States in
2001, Sino-Global Shipping America, Ltd. has been diversifying into
the fast growing cryptocurrency and NFT (non-fungible tokens)
markets, while continuing to support and grow its core shipping,
chartering, logistics and related services business. Headquartered
in New York, Sino-Global has
offices in Los Angeles, Mainland
China, Australia, Canada and Hong
Kong. Additional information about Sino-Global can be found
on the Company's corporate website at www.sino-global.net.
Forward-Looking Statements
Certain statements made herein are "forward-looking statements"
within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"anticipate", "believe", "expect", "estimate", "plan", "outlook",
and "project" and other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. Such forward-looking statements include SINO's
estimated and future results of operations, business strategies,
competitive position, industry environment and potential growth
opportunities. In addition, there is uncertainty about the spread
of the COVID-19 virus and the impact it will have on SINO's
operations, the demand for SINO's products and services, global
supply chains and economic activity in general. Moreover, the value
of cryptocurrencies may fluctuate significantly over time. These
forward-looking statements reflect the current analysis of existing
information and are subject to various risks and uncertainties. As
a result, caution must be exercised in relying on forward-looking
statements. Due to known and unknown risks, our actual results may
differ materially from our expectations or projections. All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
Additional information concerning these and other factors that
may impact our expectations and projections will be found in our
periodic filings with the SEC, including our Annual Report on Form
10-K for the fiscal year ended June 30,
2020. SINO's SEC filings are available publicly on the SEC's
website at www.sec.gov. SINO disclaims any obligation to update the
forward-looking statements, whether as a result of new information,
future events or otherwise.
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SOURCE Sino-Global Shipping America, Ltd.