Sino-Global to Acquire Majority of Blockchain Infrastructure Developer in $5 Million Stock Transaction

ROSLYN, N.Y., March 25, 2021 /PRNewswire/ — Sino-World Transport America, Ltd. (NASDAQ: SINO) (“Sino-World,” the “Firm” or “We”) at the moment introduced it has agreed to amass a 60% possession of blockchain infrastructure developer Tremendous Node LLC in an all inventory transaction valued at $5 million. The transaction is topic to the satisfaction of warranties and representations underneath the acquisition settlement.

Based mostly in Wilmington, Delaware, Tremendous Node LLC is a privately held, blockchain infrastructure software program developer and repair supplier. It operates a number of CyberMiles nodes and develops decentralized purposes on the CyberMiles community, a highly effective, high-performance CyberMiles public chain.

Mr. Lei Cao, Chief Government Officer of Sino-World, commented, “The addition of Tremendous Node additional strengthens our capabilities and accelerates the buildout of our enterprise as we pursue main alternatives within the quickly rising cryptocurrency market and digital economic system.  We’re significantly excited to be partnering with Tremendous Node’s confirmed staff of builders, which is able to open further alternatives to us in NFTs (non-fungible tokens), which have quickly surged in reputation, market worth, and breadth of digital merchandise created.”

About Sino-World Transport America, Ltd. (NASDAQ: SINO)

Based in america in 2001, Sino-World Transport America, Ltd. has been diversifying into the quick rising cryptocurrency and NFT (non-fungible tokens) markets, whereas persevering with to assist and develop its core transport, chartering, logistics and associated providers enterprise. Headquartered in New York, Sino-World has places of work in Los Angeles, Mainland China, Australia, Canada and Hong Kong. Extra details about Sino-World may be discovered on the Firm’s company web site at  

Ahead-Wanting Statements

Sure statements made herein are “forward-looking statements” inside the that means of the “secure harbor” provisions of the Personal Securities Litigation Reform Act of 1995. Ahead-looking statements could also be recognized by way of phrases corresponding to “anticipate”, “imagine”, “count on”, “estimate”, “plan”, “outlook”, and “challenge” and different related expressions that predict or point out future occasions or developments or that aren’t statements of historic issues. Such forward-looking statements embody SINO’s estimated and future outcomes of operations, enterprise methods, aggressive place, trade surroundings and potential progress alternatives. As well as, there’s uncertainty in regards to the unfold of the COVID-19 virus and the affect it is going to have on SINO’s operations, the demand for SINO’s services, international provide chains and financial exercise normally. Furthermore, the worth of cryptocurrencies could fluctuate considerably over time. These forward-looking statements mirror the present evaluation of current info and are topic to varied dangers and uncertainties. Consequently, warning should be exercised in counting on forward-looking statements. As a result of identified and unknown dangers, our precise outcomes could differ materially from our expectations or projections. All forward-looking statements attributable to the Firm or individuals appearing on its behalf are expressly certified of their entirety by these elements. Aside from as required underneath the securities legal guidelines, the Firm doesn’t assume an obligation to replace these forward-looking statements.

Extra info regarding these and different elements that will affect our expectations and projections might be present in our periodic filings with the SEC, together with our Annual Report on Kind 10-Okay for the fiscal yr ended June 30, 2020. SINO’s SEC filings can be found publicly on the SEC’s web site at SINO disclaims any obligation to replace the forward-looking statements, whether or not because of new info, future occasions or in any other case.

SOURCE Sino-World Transport America, Ltd.

Source link