Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a producer, developer and operator of augmented reality (“AR”) interactive entertainment games, toys and educational materials in China, today announced its entry into a non-binding letter of intent (“LOI”) to acquire a controlling equity interest in Fuzhou Csfctech Co., Ltd. (“Csfctech”), a developer and distributor of mobile games in China, subject to customary conditions. Per the update, Csfctech’s international user base spans across Mainland China, Japan, Taiwan, the United Arab Emirates and Africa. Blue Hat expects the proposed transaction to strengthen its product offerings through integration of Csfctech’s research and development capabilities and strong gaming operations and distribution platforms. “Blue Hat is excited by this potential opportunity to enhance our revenue base and marketing capabilities and add new product lines,” BHAT Chief Executive Officer Xiaodong Chen said in the news release. “The proposed acquisition reflects our strategy to enrich our interactive entertainment product portfolio following our listing on The Nasdaq Capital Market in July 2019. We look forward to pursuing further growth opportunities in the near future, both organically and through strategic investments.”
To view the full press release, visit http://nnw.fm/D3MDf
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, visit the company’s website at www.BlueHatGroup.net.
NOTE TO INVESTORS: The latest news and updates relating to BHAT are available in the company’s newsroom at http://nnw.fm/BHAT
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork.
