TORONTO, ON, Nov. 07, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE - Agora Holdings Inc. (OTC PINK: AGHI) (the “Company”) today announced that its 51% owned subsidiary, eSilkroad Network Limited, has entered into a Letter of Intent (the “Letter”) with Beijing Nuozhou Technology Company Ltd., the creator of www.ono.chat, a blockchain social media platform with over 3.8 million users across the globe.
Under the terms of the Letter, the two parties intend to enter into a formal partnership agreement following a due diligence period of 40 days. The partnership agreement is expected to include terms which advance the strategic goals of each of the parties, allow for the testing and advancement of the “eSilknet” platform in China and globally leveraging the existing ONO database, and providing for the introduction of the ONO social media platform to the European markets and the Commonwealth of Independent States.
eSilkroad Network President, Mr. Oleg Sytnyk commented, “We are extremely excited to be negotiating a partnership agreement with the creators of the ONO platform. Through this strategic cooperation we believe we can take great steps forward in the validation of our proprietary B2B “eSilknet” platform, and ultimately help to expand the ONO user base on a global scale.”
Miss Ke Xu, Chair of the NOME Group, an Australian company leading privacy, security research and blockchain technology development for ONO, said, “We are thrilled to be partnering with eSilkroad, an innovative organization behind valuable projects throughout the silk road. We are looking forward to exposing ONO to new markets in different regions, and helping households gain economically from our platform while becoming a driver of growth for the eSilknet B2B platform.”
The ONO project is a free decentralized social network, and instant messaging service for users of standard cellular mobile numbers to send text messages and make voice and video calls. The DApp - decentralized application - runs a news feed, exposing users to shared content on the network, and allows them to be rewarded for their contributions. The platform is also available on the web.
eSilkroad management and management of ONO are presently attending the China International Import Expo in Qingpu District, Shanghai, China where both parties will showcase their respective platforms.
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
About the NOME Group
The NOME Group was founded by Ke Xu in 2017. The group is committed to building the world's largest decentralized ecosystem with ONOChain as the underlying public chain upon which the ONO social platform, the main network, and ONO capital are based. http://www.ono.chat
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.