ZZLL Launches Online China Retail Website
HONG KONG, CHINA / ACCESSWIRE / August 29, 2017 / ZZLL Information Technology Inc. ("ZZLL" or the "Company", OTCQB: ZZLL), is pleased to announce it has launched its first online retail website in China.
As previously mentioned in its press release dated July 20, 2017 Syndicore Asia Limited (a wholly-owned subsidiary of ZZLL) has set-up a Wholly Foreign-Owned Enterprise ("WFOE") in China under the name Hunan Syndicore Asia Limited ("HSAL"). HSAL has now launched Hua Wen Mall ("HWM") - its first online member retail website at hwt.zzll.win. HWM is a platform that allows businesses to sell their products and services to HWM's members through this business-to-business and business-to-consumer portal. All payments and processing will go through HWM, for which they will receive a transaction fee. The Mall will also develop its own branded products.
Hua Wen Mall will also cooperate with ZZLL's existing Hong Kong platform, Z-Line Mall (www.zzll.win) to share members, customers and products. Z-line Mall currently carries daily necessities, cosmetic products and skin care products.
Said Sean Webster, CEO of ZZLL, "We are pleased to continue our corporate development initiatives, with the launch of Hua Wen Mall. The establishment of Hua Wen Mall allows us to directly target the massive Chinese online retail market, complying with local rules and regulations which are different from Hong Kong." He added, "Coupled with our Z-Line Mall platform, we can satisfy our customer's needs for products and services not available in China, with the addition of the confidence of the quality of goods shipped from Hong Kong. We hope to also launch further platforms soon to target different segments of the online market within China and internationally."
About ZZLL Information Technology Inc.:
ZZLL Information Technology Inc. (ZZLL), and its wholly owned subsidiary, Syndicore Asia Limited will be a provider of syndicated media and E-Commerce platforms in the Asia Pacific region. Syndicore's Wholly Foreign-Owned Enterprise, Hunan Syndicore Asia Limited will endeavor to develop its E-Commerce, video content and video streaming capabilities in China through its online platform, Hua Wen Mall. In addition, Z-Line International E-Commerce Company Ltd. (a majority owned subsidiary of ZZLL) is a Hong Kong based E-Commerce company that will provide consumer-to-consumer, business-to-consumer and business-to-business-sales services via its web portal, Z-Line Mall.
Safe Harbor
All statements other than statements of historical fact that are included in this press release and that mention activities, events or developments that we believe may occur in the future are forward-looking statements. The use of words such as "anticipate," "continue," "estimate," "expect," "may," "project," "should," "believe" and similar expressions are intended to identify forward-looking statements. Forward-looking statements in this press release include those regarding whether Hua Wen Mall will develop its own branded products; and whether ZZLL will launch further platforms soon to target different segments of the online market within China and internationally.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Risks that might cause actual results to differ from these projections include, but are not limited to, those discussed in ZZLL's most recent Annual Report on Form 10-K, 10-Q and other documents filed by the Company from time to time with the U.S. Securities and Exchange Commission.
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements that constitute 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. These statements appear in many places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of ZZLL Information Technology, Inc. (the "Company"), its directors or its officers with respect to, among other things: (I) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.
Contact:
Sean Webster
Email: info@zzlliti.com
Tel: 852-3705-1571
SOURCE: ZZLL Information Technology Inc.
