tw0122
3 months ago
$3.02 + 10% and $3.30$3.70s max zone could be reached if it does
....WENZHOU, China, Jan. 31, 2025 /PRNewswire/ -- ZK International Group Co., Ltd. (Nasdaq: ZKIN) ("ZK International" or the "Company"), is pleased to announce that its subsidiary, xSigma Corp., continues its commitment to technological advancements by planning the launch of xSigma Wallet, a next-generation crypto banking wallet that will enable users to seamlessly buy memecoins and cryptocurrencies using Visa / Mastercard credit cards, Apple Pay, PayPal, and Google Pay.As part of this initiative, xSigma Wallet will also introduce its own xSigma Visa credit card, allowing users to top up their balance with crypto, providing greater accessibility and flexibility for digital asset holders.A FinTech Platform Built for Security & ConveniencexSigma Wallet will be regulated in the U.S. and serve customers in over 170 countries, ensuring compliance with financial regulations while providing users with a secure and trusted digital asset experience. The wallet is being developed by the xSigma team, with regulated financial services provided by a white-label provider.Key Features of xSigma Wallet:Buy Crypto & Memecoins – Users can purchase popular cryptocurrencies instantly with credit cards and Apple Pay.xSigma Visa Credit Card – A crypto-backed Visa card, enabling users to spend their digital assets easily.Secure & Regulated – Registered in the U.S., ensuring a compliant financial framework.White-Labeled Platform – Designed to be branded and operated under xSigma's ecosystem.Non-Custodial Storage – xSigma will offer a secure, non-custodial way to store memecoins and major cryptocurrencies.On-Ramp Services – The wallet will provide simple fiat-to-crypto on-ramp services, allowing users to buy memecoins with minimal effort.Strategic Partnerships – xSigma plans to partner with various memecoins to become their official on-ramping partner.Strong Market Demand for Memecoins & On-Ramp ServicesThe recent traction of Trump's memecoin and Moonshot, a competing app that processed a record-breaking $400 million in trading volume on day one, indicates a strong demand for seamless on-ramp services for assets like memecoins. xSigma Wallet aims to meet this growing need by offering a frictionless and compliant way to purchase, store, and spend digital assets."At xSigma, we are committed to driving innovation in the digital asset space," said Mr. Huang Jiancong, Chairman of ZK International. "The launch of xSigma Wallet is a major step forward in providing users with a secure, regulated, and user-friendly way to engage with cryptocurrencies and memecoins. As the market evolves, we aim to set the standard for compliant and seamless on-ramp solutions."Looking AheadThe launch of xSigma Wallet represents another milestone in xSigma Corp.'s strategy to stay relevant in blockchain innovation and the digital infrastructure of tomorrow. More details, including launch dates and platform availability, will be announced in the coming months....
subslover
7 months ago
ZK International Group Co., Ltd. Announces Record Revenue of $52.89 Million, an Increase of 6.5% for the First Half of Fiscal Year 2024
WENZHOU, China, Sept. 30, 2024 /PRNewswire/ -- ZK International Group Co., Ltd. (ZKIN) ("ZK International" or the "Company"), a designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies, today announced its unaudited financial results for the six months ended March 31, 2024. https://www.otcmarkets.com/stock/ZKIN/news/story?e&id=2998589
subslover
3 years ago
ZK International Wins a $75 million bid in "High Quality Drinking Water Household Project"
August 09 2022 - 09:00AM
PR Newswire (US)
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WENZHOU, China, Aug. 9, 2022 /PRNewswire/ -- ZK International Group Co., Ltd. (Nasdaq: ZKIN) ("ZKIN", "ZK International" or the "Company"), is pleased to announce that ZK International continues its success with procuring projects throughout China. Recently, ZK International has won a $75 million bid in the project known as the "Shenzhen Water Market Project", where companies bided to be the supplier of the stainless-steel pipes and fittings supplier of "High Quality Drinking Water Household Project" (Phase 7 and 8) and "Community Water Supply Network Renovation Project" (phase 7 and 8).
The total investment of these projects is approximately around US$600 million, of which stainless steel pipes and fittings account for 17% of the total investment being made of about US$75 Million dollars. ZK International anticipates it will supply approximately 40% of the projects, giving ZK approximately US$30 million dollars in sales.
Mr. Jiancong Huang, Chairman and CEO of ZK International stated, "Despite many adverse factors such as the COVID-19 pandemic shut-downs in China, soaring nickel price, supply chain challenges, and the fluctuations in the capital markets, our management team and all of our employees at ZKIN remain committed to overcome these challenges. The success of winning these bids and enduring the various stages of the bidding process is a testament to our excellent sales and marketing team who continue to bring profit to ZKIN despite these challenges."
Mr. Jiancong Huang, contines, "ZK International's team will continue to strive to provide customers with competitive, safe and reliable piping system products and related solutions and services in China and internationally. The Company is targeting the global construction water supply markets, gas, home decoration, firefighting, HVAC, siphon drainage and other fields. In the future, ZK International expects to win additional bids on various projects in China. We look forward to sharing these good news in the near future."
About ZK International Group Co., Ltd.
ZK International Group Co., Ltd. is a China-based engineering company building and investing in innovative technologies for the modern world. With a focus on designing and implementing next-generation solutions through industrial, environmental and software engineering, ZKIN owns 28 patents, 21 trademarks, 2 Technical Achievement Awards, and 10 National and Industry Standard Awards.
ZKIN's core business is to engineer and manufacture patented high-performance stainless steel and carbon steel pipe products that effectively deliver high quality, highly sustainable and environmentally sound drinkable water to the Chinese, Asia and European markets. ZK International is Quality Management System Certified (ISO9001), Environmental Management System Certified (ISO1401), and a National Industrial Stainless Steel Production Licensee. It has supplied stainless steel pipelines for over 2,000 projects, which include the Beijing National Airport, the "Water Cube" and "Bird's Nest", which were venues for the 2008 Beijing Olympics. ZK International is preparing to capitalize on the $850 Billion commitment made by the Chinese Government to improve the quality of water, which has been stated to be 70% unfit for human contact.
In 2018, ZKIN established its wholly owned xSigma Corporation to develop innovative software solutions that support its core operations while exploring new opportunities in smart contracts, distributed ledgers, supply chain management and blockchain architecture. The xSigma Labs team is made up of world-class developers and engineers formerly of Facebook, Google, Amazon, Ripple and 1inch, most recently launching its first DeFi project in the Fall of 2020.
In March of 2021, ZKIN announced the formation of its new wholly owned subsidiary, xSigma Entertainment Limited. It was established as part of ZK's integrated network of companies focused on developing and investing in innovative software technology platforms. xSigma Entertainment's mandate is to acquire assets in the high-growth US gaming market. xSigma Entertainment aims to
1971
4 years ago
$ZKIN - ZK International Enters iGaming With Series A Investment Up To $50 Million In Carousel Group To Launch MaximBet
ZK International Group Co., Ltd. (Nasdaq: ZKIN) ("ZKIN", "ZK International") is pleased to announce that it has led a $50M Series A funding round in CG Malta Holding Limited ("CGM"), a rapidly-growing, privately-held multi-state and globally licensed sports betting and casino operator, to launch MaximBet.com. MaximBet is a strategic partnership with Maxim, the renowned media brand and CGM.
The Company's investment in CGM will total $50 Million through two closings. The first closing occurred today in which the Company has acquired a 12% interest for the purchase price of $15,000,000. The second closing anticipated to occur within the second quarter, will result in the Company acquiring an additional 13% for the purchase price of $35,000,000. Upon completion of the two closings, the Company will own a total interest of 25% in MaximBet.
https://ih.advfn.com/stock-market/NASDAQ/zk-ZKIN/stock-news/84748131/zk-international-enters-igaming-with-series-a-inve
1971
4 years ago
$ZKIN - Shelves 4M shares in $18M dollar deal!
NEW YORK, March 30, 2021 /PRNewswire/ -- Ortoli Rosenstadt LLP, a New York full-service international law firm, today announced that it represented ZK International Group Co., Ltd. (Nasdaq: ZKIN), a manufacturer and supplier of patented high-performance stainless steel and carbon steel pipe products, in a registered direct offering with a group of investors. The $18 million registered direct offering was for the issuance of 4 million shares of ordinary shares pursuant to a "shelf" registration statement (File No. 333-230860) filed with the Securities and Exchange Commission (SEC) on April 15, 2019 and declared effective on April 29, 2019. The transaction closed on or about March 25, 2021 and the gross proceeds were approximately $18 million.
The Ortoli Rosenstadt LLP team included Partner William Rosenstadt, Of Counsel Jason Ye, Associates Grace Bai and Sophie Sang.
https://www.prnewswire.com/news-releases/ortoli-rosenstadt-llp-represents-zk-international-group-co-ltd-in-18-million-registered-direct-offering-301258712.html
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