BEIJING, Aug. 16,
2022 /PRNewswire/ -- WeTrade Group Inc.
("WeTrade" or the "Company") (NASDAQ: WETG), an emerging growth
company engaged in the business of providing software-as-a-services
(SAAS) and cloud intelligent systems for micro-businesses, today
announced the Company has entered into a strategic cooperation
exclusive service agreement (the "Agreement") on August 15, 2022 with MobiLab Medical Innovatives
("MobiLab") to launch a globally unparalleled and one-of-a-kind
Monkeypox Virus testing kits with combined insurance coverage
products with world-leading insurance companies. MobiLab is in the
business of providing smart solutions for individuals and companies
of all sizes self-screening tests covering a wide range of majoy
diseases, infections, viruses. With MobiLab CEO Andrew Tang's expertise and experience acquired
from his more than 20 years career spearheading innovations in over
20 countries in the industry of insurance underwriting and health
management, MobiLab has designed two unique insurance coverage
products for the Monkeypox testing kits:
1) Infectious disease insurance including losses caused by
infectious diseases, covering certain percentage of the
hospitalization and inpatient expense in the event of an insured
diagnosed with Monkeypox;
2) Emergency care for hospitalization or critical illness
covering Monkeypox hospitalization expense.
Pursuant to the Agreement, MobiLab agreed to exclusively conduct
in-depth introduction and coordination for WeTrade with several
world leading insurance companies in the US, Europe and Asia, and help kicks off designing and
structuring of unprecedented insurance products specially covering
Monkeypox Virus patients that are tested positive with test kits
distributed by WeTrade. MobiLab is committed to
helping WeTrade expand into medical area where the cooperation
with insurers will not only have a tremendous positive impact on
WeTrade's Monkeypox products, but also WeTrade's other products on
its own platform.
Wetrade and MobiLab are committed to saving lives and creating a
healthier world, providing smart solutions for individuals and
companies of all sizes and priding themselves on their
unparalleled, dedicated service, including self-screening tests
covering a wide range of major diseases, infections, viruses, and
beyond. The cooperation between WeTrade and MobiLab will
bridge the gap between symptoms and solutions. The cooperation will
actively expand as they undergo the FDA approval process for a
myriad of new at home tests.
Mr. Pijun Liu, Chief Executive Officer of the Company,
commented, "After claiming our world-wide pioneer position in
Monkeypox disease by securing exclusive global sales channel and a
$50 million order recently, we are
enthusiastic to work with MobiLab, thanks to its groundbreaking
business in self-screening tests and its strong capability to help
us connect with world-leading major insurance companies for
Monkeypox testing kits with combined Insurance coverage products,
which further consummates our spearheading position in Monkeypox
testing and treatment. We expect the one-of-a-kind insurance
coverage offered by Monkeypox testing kit products will bring us
over US$100 million in revenue, given
the considerable size of the potential market."
About WeTrade Group Inc.
WeTrade Group Inc. is a technical service provider of SAAS and
Cloud Intelligent System for micro-businesses, and a pioneer in
offering internationalized system in the global micro-business
cloud intelligence field and a leader, innovator and promoter of
the world's cloud intelligent system for micro-businesses. WeTrade
Group independently developed the cloud intelligent system for
micro-businesses (Abbreviation: YCloud). YCloud strengthens users'
marketing relationship and CPS commission profit management through
leading technology and big data analysis. It also helps improve the
payment scenarios to increase customers' revenue by multi-channel
data statistics, AI fission and management as well as improved
supply chain system. As of today, YCloud's business has
successfully landed in mainland China and Hong
Kong, covering the micro business industry, tourism
industry, hospitality industry, livestreaming and short video
industry, aesthetic medical industry and traditional retail
industry. For more information, please visit
https://ir.wetg.group.
Forward-Looking Statements
This press release contains information about the Company's
view of its future expectations, plans and prospects that
constitute forward-looking statements. Actual results may differ
materially from historical results or those indicated by these
forward-looking statements as a result of a variety of factors
including, but not limited to, risks and uncertainties associated
with its ability to raise additional funding, its ability to
maintain and grow its business, variability of operating results,
its ability to maintain and enhance its brand, its development and
introduction of new products and services, the successful
integration of acquired companies, technologies and assets into its
portfolio of products and services, marketing and other business
development initiatives, competition in the industry, general
government regulation, economic conditions, dependence on key
personnel, the ability to attract, hire and retain personnel who
possess the technical skills and experience necessary to meet the
requirements of its clients, and its ability to protect its
intellectual property. The Company
encourages you to review other factors that may affect its future
results in the Company's annual reports and in its other filings
with the Securities and Exchange Commission.
View original
content:https://www.prnewswire.com/news-releases/wetrade-group-inc-announces-strategic-cooperation-with-mobilab-medical-innovatives-inc-globally-launching-an-unparalleled-and-one-of-a-kind-monkeypox-virus-testing-kits-with-combined-insurance-coverage-products-301606620.html
SOURCE WeTrade Group INC