The Agreement is Expected to Expand DTSS' Footprint in the
U.S. and Increase Product Sales
BEIJING, Jan. 19, 2024 /PRNewswire/ -- Datasea Inc.
(NASDAQ: DTSS) ("Datasea" or the "Company"), which engages in the
business segments of U.S.-based intelligent acoustics and
China-based 5G messaging
technology, today announced that its Delaware operating subsidiary, Datasea
Acoustics LLC, has entered into a marketing promotion and sales
cooperation agreement (the "Agreement") with Meglio Interiors LLC
("Meglio"), based in Chamblee,
Georgia, to develop, promote and distribute the Company's
intelligent acoustics products in the U.S. Datasea plans to
establish an assembly line in the near future for its intelligent
acoustics products in U.S, with Meglio serving as one of the
primary distributors of such products. The Agreement has an initial
term of two years.
Meglio has sales channels that include Atlanta, Dallas and New
Jersey and broad experience in increasing sales for its
clients in the U.S. Meglio has know-how in business development,
marketing, sales, branding, and channel development in the U.S.
furniture market, which the Company believes is an ideal fit for
the Company's home health products that include air disinfection
machines, bathroom and wardrobe deodorization devices, as well as
sleep-enhancing products.
Ms. Zhixin Liu, CEO of Datasea,
commented, "We believe that this Agreement will expand the
marketing and sales of our intelligent acoustics products and
introduce home health products into the U.S. market that will
accelerate our sales growth. The Agreement is designed to increase
our penetration into new markets worldwide and introduce our
products to consumers that effectively address everyday health and
living needs. We anticipate that, as a result of our cooperation
with Meglio, the footprint of our intelligent acoustic products
will grow and that we will experience increased demand for our
products."
About Datasea Inc.
Datasea Inc. ("Datasea") is a leading provider of products,
services, and solutions for enterprise and retail customers in
converging and innovative industries, Intelligent Acoustics and 5G
messaging, especially focusing on ultrasonic, infrasound and
directional sound technology. The Company's advanced R&D
technology serves as the core infrastructure and backbone for its
products. Its 5G Messaging segment operates on a cloud platform
based on AI. Datasea leverages cutting-edge technologies in
intelligent acoustics, utilizing ultrasonic sterilization to combat
viruses and prevent human infections, and is also developing
innovations in directional sound and medical ultrasonic
cosmetology. In July 2023, Datasea
established a wholly-owned subsidiary, Datasea Acoustics LLC, in
Delaware, in a strategic move to
mark its global presence. This underlies Datasea's commitment to
Intelligent Acoustics and its intent to offer leading edge acoustic
solutions to the US market. For additional information, please
visit: www.dataseainc.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. These forward-looking statements can be identified by
terminology such as "will", "expects", "anticipates", "future",
"intends", "plans", "believes", "estimates", "target", "going
forward", "outlook," "objective" and similar terms. Such statements
are based upon management's current expectations and current market
and operating conditions, and relate to events that involve known
or unknown risks, uncertainties and other factors, all of which are
difficult to predict and which are beyond Datasea's control, which
may cause Datasea's actual results, performance or
achievements (including the RMB/USD value of its anticipated
benefit to Datasea as described herein) to differ materially and in
an adverse manner from anticipated results contained or implied in
the forward-looking statements. Further information regarding these
and other risks, uncertainties or factors is included in Datasea's
filings with the U.S. Securities and Exchange Commission, which are
available at www.sec.gov. Datasea does not undertake any
obligation to update any forward-looking statement as a result of
new information, future events or otherwise, except as required
under law.
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SOURCE Datasea Inc.