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ChineseInvestors.com, Inc. (CIIX) Enters Letter of Intent to Acquire XBTeller.com Assets

  • ChineseInvestors.com provides real-time, online financial information in the Chinese language
  • It is also capitalizing on the increasing demand for cryptocurrency-related products
  • The company has entered into a letter of intent to acquire the assets of XBTeller.com

ChineseInvestors.com, Inc. (OTCQB: CIIX) is a fintech company with a first-class financial information website for Chinese-speaking investors. The company provides online financial information in the Chinese language for the Chinese population in the U.S. and globally. Established in 1999, ChineseInvestors.com is headquartered in San Gabriel, California.

ChineseInvestors.com’s focus is on providing real-time market commentary, analysis and education-related services in Chinese language character sets, including both traditional and simplified.  Additionally, the company offers associated public relations support services.

ChineseInvestors.com has entered into a letter of intent (LOI) to acquire the assets of XBTeller.com in an effort to further its goal of expanding its blockchain and cryptocurrency business to include a dedicated ATM/OTC operation. XBTeller.com is a foremost Colorado cryptocurrency ATM and Over-the-Counter operation.

Furthermore, ChineseInvestors.com is exploring investments into cryptocurrency mining. It is doing so with its recent purchase of ASIC (Application Specific Integrated Circuit) machines. These machines are used to run SHA-256 or Scrypt mining algorithms to earn cryptocurrencies, including bitcoin and Litecoin.

ChineseInvestors.com is positioning itself for growth by leveraging the many potential benefits of blockchain. Mobidea Academy notes, “Blockchain will become the default technology wherever there is a need to ensure the integrity of transactions or data” (http://nnw.fm/yF1Ts).

ChineseInvestors.com launched Bitcoin Millionaire in 2017. This is a daily cryptocurrency video newscast broadcast from the floor of the New York Stock Exchange covering all facets of the developing digital currency world. The company subsequently launched www.NewCoins168.com, its free cryptocurrency and blockchain website providing the latest news and investment education in the Chinese language.

Regarding the proposed acquisition of XBTeller.com assets, Paul Dickman, chief financial officer of Chineseinvestors.com, said, “The acquisition of XBTeller.com provides ChineseInvestors.com, Inc. the opportunity to expand its current cryptocurrency and blockchain business to include a retail facing service.”

The LOI considers a total investment by ChineseInvestors.com of roughly $2.5 million. At present, XBTeller.com has nine ATM locations throughout Colorado.

For more information, visit the company’s website at www.ChineseInvestors.com

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