NEW YORK, NY, Sept. 26, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Sino United Worldwide Consolidated Ltd. (OTC: SUIC) is pleased to advise that the company has established a FinTech Division in the Asian region, to venture in businesses based on Blockchain technology and in cryptocurrency opportunities The company will become a key contributor and builder of the blockchain and fintech ecosystem.
SUIC Blockchain technology will further the effective technological interventions into personal and commercial finance through legal use of Blockchain development applications as FinTech and Financial Services are continuously coming together. The anonymity in an unregulated market that Blockchain technology and cryptocurrencies can offer has attracted many cybercrime and fraud opportunities, coupled with the apprehension of the looming demise of fiat currencies, and the lack of assets backing the numerous cryptocurrencies that have entered the market. SUIC is developing its Blockchain technology that addresses and interlocks these challenges by designing reliable and safe decentralized data storage, cybersecurity and quality FinTech services, as more banks and other financial companies adopt, attracted mainly by its decentralized and transparent nature which translates to less transaction costs and less time consumption.
SUIC has identified 7 key market segments that are complementary and will help strengthen our presence in the fintech market. The 7 segments are as follows: “Media and Events”, “Dapps Development”, “PR/Marketing”, “ICO Consultancy”, “Education, Training”, “Blockchain Development”, and “Venture Capital.” These key projects will be incorporated to be a core organizational strength in the future.
SUIC will enter enter into joint venture or investment with companies that specialize in these market segments to provide full range of blockchain services. We believe that under the leadership of Chairman Ong Tee Keat, the former Minister of Transportation of Malaysia and deputy Speaker of the House of Commons of the Malaysian Parliament, SUIC will be able to appeal to a globalized clientele. Thus achieving the status of a leading global platform in the Blockchain and FinTech sector.
About Sino United Worldwide Consolidated Company
The Sino United Worldwide Consolidated Company provides 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.
Forward-Looking Statement
Certain information set forth herein contains "forward-looking information", including "future oriented financial information" and "financial outlook", under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of shares being offered hereunder; (iii) the expected development of the Company's business, projects and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Although forward-looking statements contained herein are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.