XIAMEN, China, Sept. 06, 2022 (GLOBE NEWSWIRE) — Blue Hat Interactive Entertainment Technology (“Blue Hat” or the “Company”) (NASDAQ: BHAT), introduced that the Company has reached an settlement with a number one recreation distributor Xiamen Traveler Network Technology Co., Ltd. (“TravelerNetwork”) to distribute Blue Hat’s proprietary video games “cute monopoly” and “cute game box” worldwide. The Company and TravelerNetwork signed a joint working settlement.
TravelerNetwork is a number one distributor within the gaming trade comprised of groups primarily based primarily in Mainland China, Taiwan, Hong Kong. Over greater than 15 years of operation, TravelerNetwork has developed a broad worldwide consumer base comprising of over 10 million paying customers from areas together with the Greater China Region, the Middle East, Europe and the Americas. Under the joint working settlement, TravelerNetwork can have the unique proper to market and distribute the 2 Blue Hat video games on its platform to its customers. The events count on extra new recreation titles to be added to the settlement sooner or later. For extra details about TravelerNetwork, please consult with their web site: h5.my1737.com.
Management Commentary
TravelerNetwork has wonderful international market penetration, product distribution, advertising and marketing channels and cloud know-how assist providers. We are assured on this joint operation with them to distribute two of our video games. Based on TravelerNetwork’s over 10 million paid userbase worldwide, it will probably assist us open up the abroad gaming market, to ship improved business outcomes and returns to our traders.
About Blue Hat
Blue Hat is a number one communication providers and IDC business supplier and a producer, developer and operator of AR interactive leisure video games, toys and academic supplies in China. Distinguished by its personal proprietary know-how, Blue Hat goals to create an enticing, interactive and immersive group for its customers. For extra info, please go to the Company’s investor relations web site at http://ir.bluehatgroup.com. The Company routinely offers necessary info on its web site.
Forward-Looking Statements
This launch accommodates forward-looking statements inside the that means of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently unsure as they’re primarily based on present expectations and assumptions regarding future occasions or future efficiency of the Company. Readers are cautioned to not place undue reliance on these forward-looking statements, that are solely predictions and communicate solely as of the date hereof. In evaluating such statements, potential traders ought to assessment fastidiously numerous dangers and uncertainties recognized on this launch and issues set within the Company’s SEC filings, together with its Annual Report on Form 20-F. These dangers and uncertainties may trigger the Company’s precise outcomes to vary materially from these indicated within the forward-looking statements.
Contacts:
Blue Hat Interactive Entertainment Technology
Phone: +86 (592) 228-0010
Email: [email protected]
