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PR Newswire

Youdao Responds to Media Reports

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BEIJING, July 23, 2021 — Youdao, Inc. (the "Company") (NYSE: DAO), a leading intelligent learning company in China, today noted that it was reported in the press that the PRC regulators were expected to publish new rules and regulations that are intended to, among other things, tighten the regulation over after-school tutoring services. As of the date of this press release, the Company has not received any official notification of the new rules and regulations reported in the press. The Company will closely monitor regulatory developments in the PRC education industry.

About Youdao, Inc. 

Youdao, Inc. (NYSE: DAO) is a leading intelligent learning company in China dedicated to developing and using technologies to provide learning content, applications and solutions to users of all ages. Building on the popularity of its online knowledge tools such as Youdao Dictionary, Youdao Cloudnote and Youdao Translation, Youdao now offers online courses covering a wide spectrum of age groups, subject matters, learning goals and areas of interest. In addition, Youdao has developed a variety of interactive learning apps and smart learning devices. Youdao was founded in 2006 as part of NetEase, Inc. (NASDAQ: NTES; HKEX: 9999), a leading internet technology company in China. 

For more information, please visit: http://ir.youdao.com. 

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding such risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

For investor and media inquiries, please contact: 

In China:

Jeffrey Wang
Youdao, Inc. 
Tel: +86-10-8255-8163 ext. 89980
E-mail: IR@rd.netease.com

The Piacente Group, Inc.
Emilie Wu
Tel: +86-21-6039-8363
E-mail: youdao@thepiacentegroup.com

In the United States:

The Piacente Group, Inc. 
Brandi Piacente
Tel: +1-212-481-2050
E-mail: youdao@thepiacentegroup.com

Related Links :

http://www.youdao.com/

PR Newswire

Infosys positioned as a Leader in Application Modernization and Migration Services as Enterprises shift to Cloud-native technologies for their Modernization needs

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Follows ranking as a Leader by Independent Research Firm in Multi-Cloud Managed Service Providers Evaluation

BENGALURU, India, July 23, 2021 — Infosys (NSE: BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has been positioned as a Leader in The Forrester Wave™: Application Modernization and Migration Services, Q3 2021 report. This announcement follows Infosys’ recent recognition as a Leader in The Forrester WaveTM: Multi-Cloud Managed Service Providers, Q4 2020 report. For Infosys, the positioning in these assessments highlight its vision, and the broad spectrum of cloud capabilities delivered through Infosys Cobalt across application modernization and migration, and multi-cloud managed services.

For the Application Modernization and Migration Services, Q3 2021 report, Forrester evaluated 14 providers across 26 criteria and grouped into three high-level categories: current offering, strategy, and market presence. Infosys received the highest score possible in the service capabilities, execution roadmap, performance, and investments in training and skilling criteria. The report acknowledges Infosys’ Live Enterprise model, in which enterprises armed with knowledge and data-enabled insights can adapt rapidly to changing business conditions. The report also recognizes Infosys as a good fit for most modernization and migration opportunities, especially application reimplementation within its existing installed base and in the banking sector. The report further notes that Infosys’ boasts a broad range of assets for service delivery and vertical industry solutioning relative to other providers.

"In the 2021 market for the application modernization and migration services, we’re witnessing a continuing shift toward modernization enabled by advanced cloud-native technologies, with a correspondingly lower emphasis on infrastructure-led lift-and-shift migration." wrote Bill Martorelli, Principal Analyst, Forrester Research, in the report. In the Infosys profile, he wrote: Infosys’ app migration and modernization services sit within its Cobalt program, an overarching cloud framework featuring a panoply of solution accelerators and methodologies. The program itself doubles down on modernization-specific tasks."

In the Multi-Cloud Managed Service Providers Forrester Wave™ report, Infosys’ focus on applications services, including build, migrate, operate, and modernize on AWS, Azure and Google Cloud have been noted. Modernization was called out a strong focal point and the report also recognized Infosys Cobalt, a collection of services, solutions, and platforms to accelerate enterprise cloud journey. According to the report, Infosys has been a long-standing player in cloud management technology and is a good fit for companies seeking particularly strong migration and modernization services to assist a smooth and speedy migration.

Commenting on the recognition, Ravi Kumar S, President, Infosys, said, "Enterprises globally are looking at transforming their technology landscape by modernizing their business-critical applications through cloud technologies. Our clients have time and again expressed concerns around the risk of business disruption and the need for a noiseless transition in their modernization programs. With the Infosys Modernization Suite, part of Infosys Cobalt, we simplify the modernization journey for enterprises and accelerate innovation at scale.  We are proud to be recognized as a leader in Forrester’s Wave for application modernization and migration services following the recognition in the multi-cloud managed services rating. We believe these recognitions strengthen our position and reaffirm our commitment to deliver top-notch cloud services to enterprises."

Complimentary copies of the reports can be accessed here:

To learn more about Infosys Cobalt, please visit: www.infosys.com/cobalt

To learn more about Infosys Application Modernization Services, please visit: www.infosys.com/services/application-modernization

About Infosys

Infosys is a global leader in next-generation digital services and consulting. We enable clients in over 50 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.

Visit www.infosys.com to see how Infosys (NSE: BSE, NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2021. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

Related Links :

https://www.infosys.com/

PR Newswire

Near Announces Strategic Partnership with Stellar Ace in Singapore

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SINGAPORE, July 22, 2021 — Near, the largest global source of intelligence on people and places announces a strategic partnership with Stellar Ace in Singapore. The new partnership will enable both companies to jointly help clients drive footfall to their stores by retargeting the audience seen around the brand’s OOH advertisements, on online (mobile) channels with Ace Biota, aptly named to reflect the correlation of community and environment to function as a unit.

This follows the recent acquisition of UM (formerly Uber Media) a leading provider of data insights and analytics solutions for Fortune 100 and 500 companies in the United States. With the acquisition and partnership, Near will strengthen its presence in South East Asia as well as the United States, turning the company into "a truly global organization," while also tailoring its product to offer "local flavors" in each country.

Near and Stellar Ace recently implemented the solution for a well-known fast-food brand in Singapore to great success. With the objective to drive in-store footfall from the audience exposed to OOH ads on various Stellar Ace properties, the campaign was hugely successful by increasing the in-store visit rate for the brand by 271%.

On the need for going beyond just traditional OOH, Stellar Ace Vice President Jeslyn Tan said, "In a daily consumer journey, the outdoor space is still relevant as audiences TRAVEL-EAT-SHOP as part of their lifestyle. With Ace Biota powered by Near, we help our clients implement and optimize their audience reach from Offline (OOH) to Online (Mobile) media channels. We are also mindful of the current client landscape of ROI-driven commitment. With Near, Stellar Ace is now able to deliver a performance-driven and measurable outcome for the clients. We are confident that this newfound capability will offer our clients the ‘stickiness’ that every brand desires in assuring brand recall and association."

Near’s co-founder and chief revenue officer Shobhit Shukla said, "We are very excited to partner with Stellar Ace to bring the value of data intelligence to OOH media space. We are sure that the partnership would allow brands to advertise to a specific audience, at a specific location, and at a specific time. It would be a complete marketing strategy for the brand."

"We also welcome other brands, which recognize the value of customer journey targeting being offered by Stellar Ace’s O2O re-targeting capability, in partnership with Near," added Shukla.

About Near

Near is the world’s largest source of intelligence on people and places, processing data from over 1.6 billion monthly users across 44 countries. The Near Platform powers data-driven marketing and enrichment offerings through a suite of SaaS products. The users of the platform can leverage audience, spatial, retail, among other data in a privacy-led environment. Founded in 2012, Near is headquartered in Singapore with offices in San Francisco, New York, London, Bangalore, Tokyo, and Sydney. Today, marquee brands such as News Corp work with Near to provide enhanced customer experiences. Near is backed by leading investors including Sequoia Capital, JP Morgan Private Equity Group, Cisco Investments, Telstra Ventures, and Greater Pacific Capital. Visit www.near.co to find out more.

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PR Newswire

Hence Technologies to Leverage Palantir Foundry

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Hence to be among the first start-ups in the world to leverage Foundry, powering its mission to make legal and consulting services more transparent.

LONDON, July 22, 2021 — Hence announced today that it is now among the first start-ups globally to leverage the Palantir Foundry platform. This bolsters Hence’s already considerable capabilities in revolutionizing the relationships companies have with their external lawyers and consultants. Hence uses data and AI to help global corporations manage relationships with lawyers and consultants in real-time. This levels the playing field between clients and their providers, making the $2 trillion market for legal and consulting services more transparent. Using Foundry, Hence is able to more efficiently integrate and analyse diverse data about these providers in a scalable, secure and robust way.

"Access to Palantir Foundry further accelerates Hence’s progress toward being the unparalleled solution for helping organizations take control of their external legal and consulting relationships. Just like building our technology in Rwanda gives us unique access to an untapped talent pool, Palantir Foundry gives us unique access to a world-class platform to underpin our cutting edge software," said Steve Heitkamp, Hence co-founder and Palantir alumnus.

Hence is joining the first cohort of Palantir’s "Foundry for Builders," an initiative dedicated to supporting early-stage companies by providing them with the Palantir Foundry platform, helping fuel their growth.

"We’re excited to expand the use of Palantir Foundry to companies that wouldn’t normally have access to our platform. As a Palantir alumnus, Steve understands the value of our technology and will be able to utilize Palantir Foundry to its full potential to bolster Hence AI’s capabilities and growth," said Palantir COO Shyam Sankar.

Earlier this year, Hence announced the completion of a major funding round, which has enabled it to deploy its solution with a number of top global corporations. To learn more about Hence, please visit https://hence.ai/.

About Hence
Hence is innovative enterprise software that for the first time empowers companies to take control of their consulting and legal relationships by providing them with the data and analysis they need to evaluate and make the right decisions for their organizations. For years, companies looking to bolster their teams with third-party legal, consulting or other help have faced an opaque market for professional knowledge services. With Hence, companies will get more value from their professional providers, improving outcomes while reducing wasted time and spend. We do that by using a range of data and our proprietary techniques to help buyers better understand their professional third-party relationships in the context of their broader business goals https://hence.ai/.

Michael Brunt
media@hence.ai

PR Newswire

Opsera Achieves SOC 2 Type II Compliance

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Company ensures strict compliance, security and privacy for no-code DevOps orchestration platform customers

SAN FRANCISCO, July 21, 2021 — Opsera, the Continuous Orchestration platform for DevOps, announces the successful completion of the System and Organization Controls (SOC) 2 Type II Audit.

Learn how Opsera completed the SOC 2 Type II compliance audit in record time and how to ace your own audit at: http://www.opsera.io/blog/opsera-soc2-compliance.

Created by the American Institute of Certified Public Accountants (AICPA), SOC2 is a reporting framework that sets benchmarks for managing customer and user data. These benchmarks are based on five Trust Services Criteria – privacy, confidentiality, security, availability, and processing integrity. SOC 2 Type II is mandatory for any SaaS provider. Being SOC 2 Type II compliant ensures current and future customers that Opsera has the proper security, privacy and compliance controls in place to manage its no-code DevOps orchestration platform. 

Opsera passed the audit in less than 60 days and the preparation for the audit took less than 45 days, solidifying Opsera’s commitment to its customers’ data security.

"We are incredibly proud of achieving SOC 2 Type II compliance, and the record time in which we completed the audit process," said Kumar Chivukula, CTO and co-founder of Opsera. "The certification process is not easy, but it was made possible by the Opsera team’s focus and diligence in completing the audit process successfully. We can assure our customers that the Opsera platform meets some of the highest security and privacy standards in the industry."

Opsera partnered with one of the industry’s leading firms that handles penetration testing for SaaS platforms and completed the testing along with SOC 2 Type II certification. The assessment was performed using OWASP and other popular security testing methodologies to ensure that the company’s SaaS platform is evaluated as per the industry standards and best practices guidelines.

Opsera’s SOC 2 compliance ensures its customers’ data and the information of their DevOps ecosystems are protected at all times with all compliance requirements. Opsera is obsessed about the security and privacy of its customers, and has plans for other certifications and measures in the near future.

About Opsera
Opsera is the first Continuous Orchestration platform for next-gen DevOps that enables choice, automation, and intelligence across the entire software life cycle. It offers simple, self-service toolchain integrations, drag-and-drop pipelines, and unified insights. With Continuous Orchestration, development teams can use the tools they want, operations teams gain improved efficiency, and business leaders have unparalleled visibility. Opsera believes DevOps has transformed from an aspiration to a practical science, and Continuous Orchestration is the future to help organizations accelerate DevOps adoption and reach peak innovation velocity.

Contact:
Olivia Heel
Catapult PR
oheel@catapultpr-ir.com
303-521-5049

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PR Newswire

MedPharm Implements the Peregrine Connect NetSuite PSA Add-in for Microsoft Project to Accurately Forecast Revenue and Cut Manual Labor by 80%

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IRVINE, Calif., July 21, 2021 — Peregrine Connect’s NetSuite PSA Add-in for Microsoft Project has been selected by MedPharm to forecast its revenue recognition for ongoing and completed business projects.  MedPharm is a world-leading contract development and manufacturing organization (CDMO) providing topical and transdermal product design and development services, delivering robust and innovative research to develop approved pharmaceutical products.

MedPharm’s Obstacle
MedPharm’s challenge was that their projects can be very lengthy and complex from a scheduling standpoint. They used Microsoft Project early on as their project scheduling tool and to understand segments of their business from a cost standpoint. When they chose to switch their existing ERP system to NetSuite PSA it was essential to leave Microsoft Project in place and seamlessly integrate with it.  Attempting to build out the Microsoft Project functionality into NetSuite PSA would be impractical, time consuming and cost prohibitive.

"The game changer was that other vendors said "Yes, we think we can do it," but NetSuite told us that Peregrine Connect has "Already done it!" said Andrew McWaters, VP of IT, MedPharm.

Peregrine Connect’s NetSuite PSA Helps Overcome Complexity to Increase Operational Efficiency 
MedPharm’s solution was to utilize Peregrine Connect for its expertise in Microsoft and integration experience. Peregrine Connect was able to provide its existing NetSuite PSA Add-in tool to synchronize with Microsoft Project. Implementing the NetSuite PSA Add-in to Microsoft Project was completed in less than three months, which met MedPharm’s aggressive timeline. MedPharm was extremely satisfied with the resources provided to them during the implementation phase, noting that Peregrine Connect’s support team was a huge part of their success.

"The support we received from Peregrine Connect has been over the top, and I’ve been in software for over 30 years. It’s been extremely refreshing to see!" said Andrew McWaters, VP of IT, MedPharm.

Business Values:

  • Cut manual labor by 80% to determine revenue recognition
  • Automated revenue forecast process saving MedPharm close to 100k a year
  • Dramatic time savings for Project Management and Accountant teams
  • Project Managers and Accountant can accurately forecast monthly revenue by over two weeks
  • Increased overall productivity and reduced labor, resulting in doubling of their EBITDA

Read More

About MedPharm:
MedPharm is a world-leading contract provider of topical and transdermal product design and development services. They utilize unique, cost-effective performance testing models to mitigate risk and accelerate development times. From its roots at King’s College London, MedPharm has grown into a thriving organization in the UK and the US. Providing services from API to clinical batch supply, MedPharm is a well-established and world-renowned leader in dermatological, nail, eye, airway, mucosal membrane, and transdermal product development. For more information, visit: https://www.medpharm.com/en/

Get a Free Trial: https://www.peregrineconnect.com/demo/ No Credit Card Required

Media Contact:
Peregrine Connect
Work: 949-613-4010
nelly.monjazeb@peregrineconnect.com

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PR Newswire

Deltek Announces Executive Appointments for Its Global Sales and Services Businesses

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HERNDON, Va., July 20, 2021 — Deltek, the leading global provider of software and solutions for project-based businesses, announced today it has appointed Natasha Engan as the Senior Vice President of Global Sales and Brian Daniell as Chief Customer Officer. Engan and Daniell, both Deltek veterans, will continue reporting to Deltek CEO, Mike Corkery.

Natasha Engan brings over 20 years of experience and leadership to her new role as head of Deltek’s global sales, managing a team of over 450 sales professionals. Engan joined Deltek in March of 2017 as Senior Vice President of Deltek’s Global Consulting business. Prior to Deltek, Engan held various leadership positions at IBM, including VP of Security Financial Services Market and Security Sales, and VP of North American Cloud Services.

Brian Daniell, a 30-year veteran with Deltek, has held several leadership positions in Deltek’s Customer Care organization. This move will add Global Consulting to Daniell’s current line of business – Deltek Customer Care – helping to accelerate the time to value for Deltek customers and to deliver award-winning customer experience.

"Deltek is fortunate to have experienced, proven leaders like Natasha and Brian who can pivot with our business so we can continue to deliver as efficiently and effectively as ever," said Mike Corkery, President & CEO at Deltek. "With these changes, we are prepared to build on the great momentum we’ve seen the first half of the year and continue ensuring our customers’ success in 2021 and beyond."  

These executive appointments are effective immediately as Matt Strazza, formerly Deltek’s head of Global Sales, transitions to become President at ConstructConnect, another company in the Roper Technologies portfolio.

About Deltek
Better software means better projects. Deltek is the leading global provider of enterprise software and information solutions for project-based businesses. More than 30,000 organizations and millions of users in over 80 countries around the world rely on Deltek for superior levels of project intelligence, management and collaboration. Our industry-focused expertise powers project success by helping firms achieve performance that maximizes productivity and revenue. www.deltek.com  

Related Links :

http://www.deltek.com

PR Newswire

Peregrine Connect Announces Groundbreaking Neuron ESB 3.7.5 Release

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State-of-the-Art Data Mapping, Containerization of Endpoints, and Business Process Scheduling Empowering Users to Increase Productivity by up to 400%

IRVINE, Calif., July 20, 2021 — Peregrine Connect’s leading application, API, and workflow integration platform today announces the Peregrine Connect Neuron ESB 3.7.5 release. As an integral part of the Peregrine Connect Integration Platform, Neuron ESB provides critical runtime facilities and features that collaboratively simplify the design, deployment, and management of an organization’s enterprise integration needs.

Peregrine Connect Neuron ESB 3.7.5 release provides a suite of applications that helps organizations meet any integration demand – from on-premise and cloud applications to various data sources and devices. Using the Peregrine Connect Integration Platform, any number of workloads can be simplified, deployed, and monitored, from API Management and automated Workflow to scheduled integration flows and Alerting and Notifications.

Delivering Modern Day Integration to Increase Operational Efficiency for Enterprises of All Sizes 

Neuron ESB 3.7.5 release focuses on agility and ease of use, enabling clients to reduce the total cost of ownership while eliminating many developments, deployment, and operational complexities experienced with many competitive products.

"With each release of Neuron ESB, we are continually focused on providing user-friendly features and Productivity out of the box. Neuron 3.7.5 is no exception, adding data mapping, containerization of Endpoints, and much more. We clearly beat competitive functionality and pricing offerings, said Marty Wasznicky, VP of Product, Peregrine Connect. The new features increase organizational efficiency and provide no code solutions for our customers." 

Neuron ESB 3.7.5 adds some exciting new features to the Peregrine Connect Integration Platform, some of which include:

Read More

Get a Free Trial: https://www.peregrineconnect.com/demo/ No Credit Card Required

Media Contact:
Peregrine Connect
Work: 949-613-4010
nelly.monjazeb@peregrineconnect.com

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PR Newswire

Verticurl and Startup-O Announce Strategic Partnership

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Partnership creates opportunity to access professional business development capabilities at scale

SINGAPORE, July 19, 2021 — Verticurl (A WPP Company) and Startup-O are pleased to announce they have entered into a strategic partnership combining Verticurl’s leading Marketing Technology Services capabilities with Startup-O’s global online platform for discovering, investing and scaling post-revenue startup technology ventures.

With B2B technology startups proliferating, early stage founders face a constant challenge to stand out from the crowd, grow their revenues and achieve the goals of their venture capital investors. In most cases, progress against these goals is self-driven or with the support of personal networks that are limited by the reach of the teams and individual investors. The Verticurl and Startup-O partnership creates the opportunity for founders to access professional business development capabilities at scale, with experienced resources that are normally the preserve of large corporations, and with a commercial model that recognises the constraints of early-stage companies.

"Verticurl was founded specifically because we knew technology was going to disrupt the marketing industry and we wanted to be at the front of it. Similarly, through our ongoing engagement with leading Corporates around the world, we see first hand the impact that new technologies are having on all Industries. As a marketing services innovator, it’s natural that we play a part in building the next generation of disruptors, but we needed an effective means to discover and engage with them, and that is what the partnership with Startup-O provides" said Ab Gaur, CEO of Verticurl. "Having seen the portfolio of companies that Startup-O has selected from its global platform of over 2000+ startups, and how it already engages with proven entrepreneurs and industry veterans, we are excited by the synergies this partnership will generate."

"Whether you are an early stage founder, or an established local player looking to expand across borders, building momentum is hard. We initially created Startup-O Edge to give deserving founders the ‘edge’ in their business development through our network of 100+ experts that have access to decision makers at 250+ Corporates. While access to these decision makers has delivered an immediate step change in business development capabilities for startups, our partnership with Verticurl creates a new set of capabilities that Startup-O Edge provides to founders" said Anuj Jain, CEO and Co-Founder of Startup-O.  "Startup-O was founded to provide founders with merit based access to the resources they need to succeed. Delivering access to a renowned marketing technology services agency, is another major milestone in delivering our vision."

To learn more, visit http://www.verticurl.com and https://www.startup-o.com.

About Verticurl
Verticurl provides marketing technology services to help multinational brands implement, optimize and operate digital platforms at scale.  Acquired by WPP’s Ogilvy in 2013, the company operates in over 20 countries and staffs more than 1,200 marketing technology professionals worldwide.

About Startup-O
Startup-O is a global startup platform for assessments, investments, and cross-border business scaling.  The platform discovers deserving founders and helps them build world-class companies with venture capital and global networks.

Contact: Alicia Houston
Phone:  13308838246
Email:   alicia.houston@verticurl.com

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PR Newswire

AGM Group Holdings Inc. Appoints Chenjun Li as Co-Chief Executive Officer

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BEIJING, July 17, 2021 — AGM Group Holdings Inc. ("AGMH" or the "Company") (NASDAQ: AGMH), a software company providing fintech software, and trading education software and website service, today announced that Mr. Chenjun Li has been appointed Co-Chief Executive Officer, effective July 12, 2021.

Mr. Li has more than 10 years of experience in credit card and credit card related systems, and 8 years of experience in blockchain-oriented ASIC and other blockchain application technologies. Most recently, Mr. Li was the Chief Technology Officer at Shenzhen HighSharp Electronics Ltd., leading the R&D of SMIC and TSMC high-performance ASIC, and the entire solutions of ASIC development. Previously, he worked at Shanghai Huateng Software System Co., Ltd. and Tonglian Payment Network Service Co., and earned his bachelor’s degree in computer science and technology from Tongji University.

Mr. Li has extensive experience in FinTech and high-performance ASIC fields. He will focus on leading the Company to develop new business lines including the development and sales of blockchain-oriented ASIC, sales of next-generation data center equipment, and providing services for its supply chain services. The Company believes that with Mr. Li’s leadership, it will gradually implement its growth strategy in getting into the chip industry and by launching its branded ASIC solution to become a key player in the market.

About AGM Group Holdings Inc.

Incorporated in April 2015 and headquartered in Beijing, China, AGM Group Holdings Inc. is a software company, currently providing fintech software, and trading education software and website service. For more information, please visit www.agmprime.com.

Forward Looking Statements

This news 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, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management’s current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties, Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.

For more information, please contact:

At the Company:
Email: ir@agmprime.com

Investor Relations:
Sherry Zheng 
Weitian Group LLC
Email: shunyu.zheng@weitian-ir.com
Phone: +1-718-213-7386