Taipei City, Taiwan, Aug. 16, 2018 (GLOBE NEWSWIRE) -- NowNews Digital Media Technology Co., Ltd. ("NDMT" or the “Company") (OTCQB: NDMT), a media company that provides news and multimedia platform services, today announced that the Company has signed a Memorandum of Cooperation with Breaktime Inc.for digitalization cooperation.

Breaktime is a data technology consulting company headquartered in Taiwan. The company provides customized advertisement management service for social media group, which allows the customers to focus on creating original contents and avoid the distraction of other burdens. According to the memorandum, NDMT and Breaktime agree to establish a new company together to cooperate on data mining and big data projects.

“As the fastest growing company among all the Foxconn’s venture investments, Breaktime is an innovative company with great potential. In the past two years, Breaktime shows its strength to the industry with rapid revenue growth,” said Chi-Yi Lan, Chief Executive Officer of NDMT. “By cooperating with Breaktime, we can leverage NDMT’s existing community and network to explore the untapped market in the digital media industry together.”

About Breaktime Inc.

Breaktime is a data technology consulting company headquartered in Taiwan. The company provides customized advertisement management service for social media group, which allows the customers to focus on creating original contents and avoid the distraction of other burdens. Meanwhile, the company offers exposure and visibility opportunity, advertisement recruitments and management for social media groups. With Breaktime’s Big Data and AI xBASE Technologies, Breaktime aims to become the most powerful digital content platform enabling businesses, customers, and users to reach an transaction in a “break” of time.

About NowNews Digital Media Technology Co. Ltd. 

NowNews Digital Media Technology Co. Ltd. is a U.S.-listed media holding company focusing on the global Chinese market. The Company’s majority owned subsidiary NOWnews Network (“NOWnews”) engages in creating, collecting and distributing news and information through its website and applications on mobile phones or tablets. NOWnews is the largest online self-produced news content provider of Taiwan and the only Taiwanese online news website fully accessible in Mainland China.

Forward-Looking Statements

This news release contains “forward-looking statements”, which may include, but is not limited to, statements that express the company’s intentions, beliefs, expectations, strategies, predictions or any other statements relating to its future activities or other future events or conditions. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Nownews Digital Media Technology Co. Ltd. to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and Nownews Digital Media Technology Co. Ltd. disclaim, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

For further information, please contact: Dragon Gate Investment Partners LLC Tel: +1(646)-801-2803 Email: ndmt@dgipl.com