TORONTO, ON. , May 18, 2018 (GLOBE NEWSWIRE) -- Agora Holdings Inc. (OTC PINK: AGHI) (the “Company”) today announced that ESILKROAD NETWORK LIMITED, a limited partnership incorporated under the laws of Hong Kong and its controlled subsidiary, eSilkroad of Ukraine, an entity formed and operating in the Ukraine, have secured membership and development partnerships for the pilot testing of the eSilkroad B2B networking platform in each of Russia, Poland, Nigeria and Kazakhstan. This adds to the existing collaborative partnership between the Ukraine and China, the two founding partner countries in the eSilkroad B2B social networking project.
Working in partnership with the SRCIC (www.srcic.com), a transnational business confederation mainly composed of national commercial associations of the Silk Road countries with the Chambers of Commerce & Industry in each of the aforementioned countries, eSilkroad Network has secured letters of intent for the participation of these four additional countries in the pilot testing of the site expected later this year. A memorandum of understanding is also underway for the Croatian Chamber of Commerce.
Ruben Yakubov, the Company’s president stated, “As we move towards expanding the member nations for the eSilkroad B2B platform and the anticipated pilot testing of the proprietary platform later this year, we are excited to see so many “silkroad” countries sharing our ultimate vision of a functional social and ecommerce global platform. The facilitation of a communication platform to advance trade, investment and professional services between all the member countries is the end goal of our developing web-based portal.”
Agora Holdings recently entered into agreements to acquire Esilkroad Network and wholly owned subsidiary eSilkroad Ukraine. Formal closing of the acquisition is anticipated this May once registration of the change of ownership is complete in each of the required jurisdictions. Management is already working with management of eSilkroad to continue to advance membership in the pending pilot launch of eSilknet later this year.
About Agora Holdings Inc.
Agora Holdings Inc., together with its subsidiary Geegle Media and affiliates, is presently an entertainment and media enterprise. Agora Holdings Inc. brings together media and technology, driving innovation to enhance online entertainment in five business segments: media networks, TV, studio entertainment, consumer products and interactive media. Agora is seeking to expand its portfolio to include dynamic and interactive web-based networking platforms for global implementation.
About Esilkroad Network Limited and subsidiaries
Esilkroad Network Limited and its subsidiary, eSilkroad of Ukraine, is a conceptual B2B platform that intends to make the interaction between businesses and non-profit organizations throughout the world faster, more effective, and less costly. eSilknet, the web-based platform under development by eSilkroad Network Limited will allow users to search for and communicate with business partners, search for and post proposals for investment and opportunity in developing projects globally, place advertisements for products and services, communicate securely on trade and project development and attract professional services for specific project based needs. The concept of eSilknet is in line with the original concept of the “silkroad”, facilitating trade and commerce between countries, only a global scale. eSilkroad Network is currently negotiating the acquisition of complementary platform, “eSilktrade” which has been under development privately in Shanghai for several years. eSilkroad Network believes the combined expertise of its Ukraine based eSilkroad development team and the existing team at eSilktrade can integrate the live trade platform into its B2B site further enhancing value for its users. http://www.esilknet.com
Disclaimer -- Forward-Looking Statements
This press 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 and such forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward-looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements. Forward-looking statements in this release are made as of the date hereof and Agora Holdings Inc. undertakes no obligation to update such statements.