Strategic Partnership Agreement Between Advantego Corporation and Shenzhen Jiuzhou Investment Development Co., Ltd

DENVER, CO, Nov. 29, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Advantego Corporation (OTCQB: ADGO) today announced the signing of a Strategic Partnership Agreement with Shenzhen Jiuzhou Investment Development Co., Ltd., the privately-held holding company for the commercial sector of Sichuan Jiuzhou Electric Group Co., Ltd. (Jiuzhou), which has 34 subsidiaries.  One of them, Sichuan Jiuzhou Electric Equipment Co., Ltd. is publicly traded in China (Trading data -- SHE: CN:000801).

Jiuzhou engages in the research, development, manufacturing and sale of electronic products including: 

  • Digital TV Systems
  • Digital Home Theater Equipment
  • Multimedia Systems
  • Networking Systems
  • IOT Devices
  • LED Lighting and Display Systems
  • Mobile Smart Phones
  • A Broad Range of Consumer Electronics

Jiuzhou – which celebrated its 60th anniversary this month -- generates more than $3.5 billion (USD) in annual sales to over 100 countries.  Its facilities cover approximately 870,000 square meters, equipped with specialized production lines, high quality control instruments and more than 3,000 R&D testing units.  The company consistently ranks as a Top Key Enterprise and Top Electronic Information Enterprise in China and currently employs approximately 10,000 people.

“Having recently engaged one of their manufacturing subsidiaries, Shenzhen Ferex Electrical Co., Ltd, to manufacture and distribute certain electronic products, the opportunity arose to expand the relationship to the parent company that will make available all of their products and services to us,” according to Advantego CEO Robert W. (Rob) Ferguson. “This will enhance our capabilities as we move forward with our business plan consisting of digital communication and enterprise software products and services,” he said.

ABOUT ADVANTEGO CORPORATION

Advantego Corporation designs, develops and implements digital communications and intelligent software solutions as specialized Business Process as a Service (BPaaS).  The elite, custom business solutions are available to large enterprises, affiliate networks and franchise operations.  The Company also offers a variety of stand-alone products specific to targeted industries.  Company website: www.advantego.com.

FORWARD LOOKING STATEMENTS

This news release may contain forward-looking statements within the meaning of the Securities Act.  As a general matter, forward-looking statements may reflect our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business.  These statements may be identified using forward-looking terminology such as "may", "will", "expects", "plans", "estimates", "anticipates", "projects", "intends", "believes", "outlook” and similar expressions.  The forward-looking statements contained in this news release are based upon our historical performance, current plans, estimates, expectations and other factors we believe are appropriate under the circumstances.  The inclusion of this forward-looking information is inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated.  Future events and actual results, financial and otherwise, may differ materially from the results discussed in the forward-looking statements.  Statements regarding the following subjects, among others, may be forward-looking: our business and investment strategy; our projected operating results; estimates relating to our ability to make distributions to our stockholders in the future and economic trends.

CONTACT:

 

GREG McANDREWS & ASSOCIATES

Gregory A. McAndrews

(310) 804-7037

mcandrews_pr@hotmail.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.