NetworkNewsBreaks – Blue Hat Interactive Enterta
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Posted On: 04/28/2021 3:49:23 PM
NetworkNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Announces Excellent Performance of Csfctech’s Core Products Since Acquisition
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality (“AR”) interactive entertainment games, toys and educational materials in China, today announced preliminary revenue contributed by its subsidiary, Fuzhou Csfctech Co. Ltd. (“Csfctech”), of RMB23.0 million (approximately US$3.53 million) year-to-date, which has grown steadily since the acquisition closed. “We are pleased to see the excellent performance of Csfctech’s core products since the acquisition in late 2020, with solid growth in customer base and revenue that has been supported by increased demand in the overall gaming sector,” said Xiaodong Chen, CEO of Blue Hat. “Csfctech’s portfolio includes more than 100 games on a number of available platforms. We believe that Csfctech’s plans to continuously upgrade existing games and introduce new games to the marketplace will position us to engage a wider player audience. We will continue to put resources into promoting these games to attract more domestic and overseas customers. We believe doing so will help drive future growth of our mobile games business and subsequently the profitability of the company.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality (“AR”) interactive entertainment games, toys and educational materials in China, today announced preliminary revenue contributed by its subsidiary, Fuzhou Csfctech Co. Ltd. (“Csfctech”), of RMB23.0 million (approximately US$3.53 million) year-to-date, which has grown steadily since the acquisition closed. “We are pleased to see the excellent performance of Csfctech’s core products since the acquisition in late 2020, with solid growth in customer base and revenue that has been supported by increased demand in the overall gaming sector,” said Xiaodong Chen, CEO of Blue Hat. “Csfctech’s portfolio includes more than 100 games on a number of available platforms. We believe that Csfctech’s plans to continuously upgrade existing games and introduce new games to the marketplace will position us to engage a wider player audience. We will continue to put resources into promoting these games to attract more domestic and overseas customers. We believe doing so will help drive future growth of our mobile games business and subsequently the profitability of the company.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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