EVCI CAREER COLLEGES HOLDING CORP.
(EVCI) PROVIDES SHAREHOLDER UPDATE AND ANNOUNCES YEAR TO DATE
RESULTS OF ZHEJIANG DASHANG MEDIA CO.
Sheridan, WY --
November 28, 2022 -- InvestorsHub NewsWire
-- EVCI Career
Colleges Holding Corp. (OTC:
EVCI) previously announced a change of control with
Zhejiang Dashang Media
Co., Ltd. in which
Zhejiang Dashang Media Co., Ltd. acquired controlling interest in a
private transaction through all outstanding classes of preferred
"We have completed the majority
of the required documentation for the change of control" stated Wei
Li, Chairman. "We would also like to report on the current year
results for Zhejiang Dashang Media Co".
Gross revenues of
$61.6 million for the year to date, up 300% versus
annualized 2021 revenue
users, up approximately 100% versus
users, up approximately 80%
paying users, up approximately 80% versus
"We are excited about the growth
with Dashang Short Video and what that means for value for EVCI
shareholders" stated Wei Li, Chairman. "I believe 2023 could be a
record year and we are projecting significant growth".
EVCI Career Colleges Holding
Corp. plans to submit a name and symbol change to FINRA in the
coming weeks to mirror the company's new business model. The
company plans to report on its strategy for growth as well as
acquisitions lined up for 2023 in the coming months.
Zhejiang Dashang Media Co., Ltd.
Media Co., Ltd. ("Dashang") focuses on the research and development
and operation of short video social products in the 5G era. "
Dashang Short Video" developed and operated by Dashang is a short
video application that integrates short video recording,
publishing, sharing and other functions. Dashang's management team
members are all from first-tier companies such as Alibaba Group and
As a professional
short video platform, Dashang uses advanced artificial intelligence
technology and big data technology to realize efficient and
intelligent distribution of high-quality short video content while
encouraging users to create and watch short video content and
realize profit through advertising revenue. In the business
ecosystem centered on high-quality content and accurate
advertising, the Internet celebrity anchors have increased the
attention of fans, the merchants have increased the sales of their
products, the brand has expanded its popularity, and users have
gained benefits while enjoying leisure and entertainment, which is
also reflected in the rewards. It is a business model that achieves
a win-win situation for all parties in a dynamic
Statements in this press release
that are not historical fact may be deemed forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Although EVCI Career Colleges Holding Corp.
believes the expectations reflected in any forward-looking
statements are based on reasonable assumptions, EVCI Career
Colleges Holding Corp. is unable to give any assurance that its
expectations will be attained. Factors or events that could cause
our actual results to differ may emerge, and it is not possible for
us to predict all of them. The Company undertakes no obligation to
publicly update any forward-looking statement, whether as a result
of new information, future developments or otherwise, except as may
be required by law.