INTEGRATED MEDIA TECHNOLOGY LIMITED ANNOUNCES COOPERATION AGREEMENT TO CREATE DIGITAL ASSETS FOR ART COLLECTIONS3 min read
SYDNEY and NEW YORK, June 6, 2022 /PRNewswire/ — Integrated Media Technologies Constrained (NASDAQ: IMTE) (“IMTE” or the “Corporation”), announces today that the Company’s subsidiary Ace Corporation Confined (“Ace”) has entered into a cooperation arrangement with Hainan Pansuo Art and Culture Advancement Co., Ltd. (“Pansuo”), to establish a strategic partnership to offer 1-stop blockchain traceability, automated NFT generation, digital settlement and connected progress and complex guidance.
IMTE’s on the net buying and selling platform named Ouction and its growth workforce will function with Pansuo to generate electronic property for the art collections related with the Chinese civilization, such as some Non-Fungible Tokens (“NFT”) to be bought on the Ouction online trading system or on the web auction system. Mr. Xiaodong Zhang, IMTE’s CEO mentioned, “this cooperation with Pansuo will allow Ouction to develop digital belongings for various art collections to additional expand the Ouction system to art collectors globally.”
About Integrated Media Technology Confined (“IMTE”)
IMTE is an Australian company engaged in the small business of manufacture and sale of nano coated plates for filters, the manufacture and sale of digital glass, Halal certification and distribution of Halal merchandise, the running of an on-line trade system for trading in electronic belongings and the provision of fiscal research. For extra information, be sure to go to www.imtechltd.com.
About Ouction Investing Platform
Ouction is an on-line trading platform in digital assets. The Ouction platform is an interactive enduring resolution created with dynamic image cryptographic verification technological know-how which will serve as a bridge for O2O (On the net to Offline) transaction. This will permit the “Ouction” platform to not only verify digital (digital) asset transactions, but also deliver encryption and Blockchain notarized electronic certificates of physical property for a fairer and a lot more credible system investing expertise to e-commerce firms and their buyers. Be sure to take a look at the Ouction internet site at www.ouction.io.
Harmless Harbor Regarding Ahead-Hunting Statements
This push release consists of forward-wanting statements in just the which means of Area 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, together with people pertaining to IMTE’s expectations, intentions, strategies, and beliefs pertaining to potential events or long term money functionality. Precise occasions or effects may vary materially from individuals in the forward-hunting statements mainly because of various significant elements, which includes people described in the Firm’s most current filings with the SEC. IMTE assumes no obligation to update publicly any these kinds of forward-on the lookout statements, no matter whether for the reason that of new data, foreseeable future gatherings or or else. For a much more finish description of the pitfalls that could cause our actual results to differ from our current anticipations, please see the section entitled “Risk Factors” in IMTE’s annual reports on Form 20-F and interim reports on Form 6-K filed with the SEC, as such factors may be updated from time to time in IMTE’s periodic filings with the SEC, which are obtainable on the SEC’s site and at http://www.imtechltd.com.
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