HONG KONG, CHINA / ACCESSWIRE / January 21, 2020 / ZZLL Information Technology Inc. ('ZZLL' or the 'Company') (OTCQB:ZZLL), is pleased to provide an update on corporate operations.
As mentioned in its filing with the Securities and Exchange Commission on September 26, 2019 Syndicore Asia Limited ('SAL'), a corporation incorporated and existing under the laws of Hong Kong, and a wholly owned subsidiary of ZZLL Information Technology, Inc. entered into an Agreement with Pretech International Co., Limited ('Pretech'), a company incorporated under the laws of Hong Kong. Under the terms of the Agreement, Pretech agreed to act as SAL's sales agent in order to make sales using SAL's software application ('App') Bibishengjia ('BBSJ'). In addition, the Company will provide Technical, System, Security and Maintenance support.
The BBSJ App was launched in June, 2019 by SAL's Wholly Foreign-Owned Enterprise ('WFOE') in China, Hunan Syndicore Asia Limited ('HSAL') and utilizes AI big data technology to effectively integrate and realize the resource advantages of 'industry + merchant + consumer' alliance and optimize traditional information trading operation activities to create a new business ecosystem. The App already has over 1.7 million active users.
BBSJ uses its data and user information in its 'BizLink AI Commercial Big Data' ('BizLink') center to collect and share its B2B analysis for precise API and SEO for enterprises to obtain consumer preferences, optimize product supply chains, and analyze industry big data. B2C users can shop to save money and are both buyers and recommenders.
'We are pleased to continue our corporate development initiatives, with the continued rollout and development of our BBSJ App,' said Yanfei Tang the CEO of ZZLL. She added, 'We are encouraged by its initial success and our agreement with Pretech, and we hope to also launch further platforms soon to target different segments of the online market within China and internationally.'
About Pretech International Co., Limited:
Pretech is a software, hardware and digital company that specializes in the development and manufacturing of consumer electronics. Pretech operates in both Hong Kong and the PRC, with a sister company located in Shenzhen, Guangdong Province, China.
About ZZLL Information Technology Inc.:
ZZLL Information Technology Inc. (OTCQB: ZZLL), and its wholly owned subsidiary, Syndicore Asia Limited will be a provider of syndicated media and E-Commerce platforms in the Asia Pacific region. Syndicore Asia Limited and its Wholly Foreign-Owned Enterprise, Hunan Syndicore Asia Limited will also endeavor to develop its E-Commerce, video content and video streaming capabilities in China through its online platform, 'Bibishengjia'. In addition, Z-Line International E-Commerce Company Ltd. (a wholly owned subsidiary of ZZLL) is a Hong Kong based E-Commerce company that will provide consumer-to-consumer, business-to-consumer and business-to-business-sales services.
All statements other than statements of historical fact that are included in this press release and that mention activities, events or developments that we believe may occur in the future are forward-looking statements. The use of words such as 'anticipate,' 'continue,' 'estimate,' 'expect,' 'may,' 'project,' 'should,' 'believe' and similar expressions are intended to identify forward-looking statements. Forward-looking statements in this press release include those regarding whether HSAL's big data technology will optimize traditional information trading operation activities to create a new business ecosystem; whether BizlLink's analysis for precise API and SEO for enterprises to obtain consumer preferences, and optimize product supply chains will be successful; and whether ZZLL will launch further platforms soon to target different segments of the online market within China and internationally.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Risks that might cause actual results to differ from these projections include, but are not limited to, those discussed in ZZLL's most recent Annual Report on Form 10-K, 10-Q and other documents filed by the Company from time to time with the U.S. Securities and Exchange Commission.
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements that constitute 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. These statements appear in many places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of ZZLL Information Technology, Inc. (the 'Company'), its directors or its officers with respect to, among other things: (I) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words 'may,' 'would,' 'will,' 'expect,' 'estimate,' 'can,' 'believe,' 'potential' and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading 'Risk Factors' and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.
Contact: Yanfei Tang, President and CEO
SOURCE: ZZLL Information Technology Inc.
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