Blue Hat Announces Joint Operation with New Partner
06 September 2022 - 2:30PM
Blue Hat Interactive Entertainment Technology ("Blue Hat"
or the "Company") (NASDAQ: BHAT), announced that the
Company has reached an agreement with a leading game distributor
Xiamen Traveler Network Technology Co., Ltd. (“TravelerNetwork”) to
distribute Blue Hat’s proprietary games “cute monopoly” and “cute
game box” worldwide. The Company and TravelerNetwork signed a joint
operating agreement.
TravelerNetwork is a leading distributor in the
gaming industry comprised of teams based primarily in Mainland
China, Taiwan, Hong Kong. Over more than 15 years of operation,
TravelerNetwork has developed a broad worldwide user base
comprising of over 10 million paying users from regions including
the Greater China Region, the Middle East, Europe and the Americas.
Under the joint operating agreement, TravelerNetwork will have the
exclusive right to market and distribute the two Blue Hat games on
its platform to its users. The parties expect additional new game
titles to be added to the agreement in the future. For more
information about TravelerNetwork, please refer to their website:
h5.my1737.com.
Management Commentary
TravelerNetwork has excellent global market penetration, product
distribution, marketing channels and cloud technology support
services. We are confident in this joint operation with them to
distribute two of our games. Based on TravelerNetwork’s over 10
million paid userbase worldwide, it can help us open up the
overseas gaming market, to deliver improved business outcomes and
returns to our investors.
About Blue Hat Blue Hat is a
leading communication services and IDC business provider and a
producer, developer and operator of AR interactive entertainment
games, toys and educational materials in China. Distinguished by
its own proprietary technology, Blue Hat aims to create an
engaging, interactive and immersive community for its users. For
more information, please visit the Company’s investor relations
website at http://ir.bluehatgroup.com. The Company routinely
provides important information on its website.
Forward-Looking
Statements This 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. All forward-looking statements are inherently
uncertain as they are based on current expectations and assumptions
concerning future events or future performance of the Company.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which are only predictions and speak
only as of the date hereof. In evaluating such statements,
prospective investors should review carefully various risks and
uncertainties identified in this release and matters set in the
Company's SEC filings, including its Annual Report on Form 20-F.
These risks and uncertainties could cause the Company's actual
results to differ materially from those indicated in the
forward-looking statements.
Contacts: Blue Hat Interactive
Entertainment Technology Phone: +86 (592) 228-0010
Email: ir@bluehatgroup.net
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