XIAMEN, China, April 21, 2021 /PRNewswire/ -- Blue Hat
Interactive Entertainment Technology ("Blue Hat" or the "Company")
(NASDAQ: BHAT), a leading producer, developer and operator of
augmented reality ("AR") interactive entertainment games, toys and
educational materials in China,
today announced that the Company's controlling subsidiary Xunpusen
(Xiamen) Technology Co., Ltd.
("Xunpusen") has achieved total transaction volume of RMB31 million (approximately US$4.77 million) in direct deals with
China's top three mobile
operators.
As previously announced in a press release on November 19, 2020, Xunpusen signed an agreement
with China Mobile Communications Group Guangdong Co., Ltd. ("China
Mobile") for a series of Telecom value-added service and Internet
Data Center contracts. As of February
2021, this cooperation has made the most contributions to
the aforementioned RMB31 million
total transaction volume, which includes transactions from China
Mobile's subsidiaries in Zhongshan, Guangzhou, Zhuhai and Heyuan.
Mr. Xiaodong Chen, CEO of Blue
Hat, said, "We are pleased with the initial results of our
cooperation with China's top three
mobile operators following our strategic deployment of Xunpusen.
The InternetPlus model of value-added services under data
collection and operation creates favorable conditions that bode
well for a strong, long-term cooperation in the future and sets a
solid foundation for expansion through signing new agreements. We
believe that this will help the business continue to grow, which we
anticipate will bring more stable and sustainable profit to the
Company and enable it to continue to explore additional growth
opportunities."
About Blue Hat
Blue Hat Interactive Entertainment Technology is a producer,
developer and operator of AR interactive entertainment games and
toys in China, including
interactive educational materials, mobile games, and toys with
mobile game features. The Company's interactive entertainment
platform creates unique user experiences by connecting physical
items to mobile devices, which creates a rich visual and
interactive environment for users through the integration of real
objects and virtual scenery. Distinguished by its own proprietary
technology, Blue Hat aims to create an engaging, interactive and
immersive community for its users. For more information, please
visit the Company's investor relations website at
http://ir.bluehatgroup.com. The Company routinely provides
important information on its website.
Forward-Looking Statements
This release contains 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.
All forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future
events or future performance of the Company. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which are only predictions and speak only as of the date hereof. In
evaluating such statements, prospective investors should review
carefully various risks and uncertainties identified in this
release and matters set in the Company's SEC filings. These risks
and uncertainties could cause the Company's actual results to
differ materially from those indicated in the forward-looking
statements.
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SOURCE Blue Hat Interactive Entertainment Technology
