NEW YORK, Aug. 28, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Sino United Worldwide Consolidated Ltd. (OTC: SUIC), a New York based fintech firm, and iDrink Technology Co. Ltd., Taiwan (iDrink) signed a Joint Venture Agreement to work together on the distribution of iDrink Smart IoT Vending Machine in the US.
SUIC and iDrink signed a joint venture agreement to distribute iDrink Smart IoT Vending Machine in the US market, through a new 60:40 joint venture company based in the USA. SUIC and iDrink plan to leverage the exceptional user interface experience of iDrink Smart IoT Vending Machine, combined with SUIC’s expertise in the fintech service business, to provide solutions for this key target segment. This joint venture will focus on developing iDrink beverage consumption market in US.
SUIC and iDrink will offer options for US business partners either to be an independent operator (such as breweries, beverage merchants, distributors, dealers), or to be a franchisee of the iDrink Smart IoT Vending Machine (such as in hotels, restaurants, pubs, KTVs, supermarkets, shopping malls). An independent operator can earn an estimated gross profit of several millions US Dollars by operating at least ten units of the iDrink Smart IoT Vending Machines.
iDrink Smart IoT Vending Machine is a safe and convenient, sophisticated, smart. green beer and beverage vending machine. iDrink Smart IoT Vending Machines have a considerable advertising value as they post ads (body advertising, display screen video and image advertising and mobile payment advertising). The latter involves processing of mobile payments by credit cards, or mobile payments such as LINE pay, Google Pay, Alipay, etc. or even cash, which also shows these companies’ ads as well, which tap the value of O2O traffic, thereby expanding the machine’s profitability.
The SUIC iDrink US JV company believes it will greatly enhance the US market share by adopting its business model and the aforementioned marketing strategies, building high quality, new target groups and a broader range of customers and partners in the process.
About iDrink Technology Co. Ltd.
iDrink Technology Co. Ltd., Taiwan (“iDrink”) designs the iDrink Smart Vending Machine and the iDrink mobile App, for the global trillion-dollar beverage industry, utilizing cloud platform services that consolidate consumption data from beverage manufacturers and consumers alike, and uploading the data to its blockchain-enabled iDrink Smart Vending Machine. For more information concerning iDrink, please visit https://idrink.com.tw
About Sino United Worldwide Consolidated Company
The Sino United Worldwide Consolidated Company provides Venture Financing and Blockchain services to five sectors including: “Logistics & Trade”, “Vehicle & Transportation”, “Finance & Coin”, and “Medical & Healthcare”, and a new addition, “Fintech.” The addition of the Fintech sector to SUIC’s Blockchain services includes a comprehensive update in which SUIC will build up its own internal capabilities by actively starting a Blockchain training program, developing a 3rd generation Smart Contract Blockchain under the SUIC brand, and using these capabilities to offer a comprehensive ICO consultancy. Shareholders of SUIC will be exposed to the diverse application of blockchain services in various parts of the economy. Additionally, existing and potential customers can benefit from this company’s diversified portfolio of technologies and consulting services in the four sectors. As one of the first publicly traded technology companies, SUIC serves as an innovative leader by integrating these five sectors. To learn more, please visit www.sinounitedltd.com.
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