NEW YORK, Sept. 20, 2017 /PRNewswire/ -- Seven Stars Cloud
Group, Inc. (NASDAQ: SSC) ("SSC" or the "Company" or "Seven Stars
Cloud") today provided several updates on some of its key
initiatives, products and launches.
SuperApp: The Seven Stars Cloud SuperApp,
which will be compatible with iOS and Android, will launch in app
stores, Q4 2017. The SuperApp, is a next generation,
intelligent recommendation app that incorporates SSC's proprietary
platforms and content along with Wechat applets support.
SuperApp, once launched, will ultimately provide multi-functional
capabilities including e-commerce and online shopping, video on
demand, video/audio/text chatting and social networking, all under
one roof.
VPaaS & TPaaS: The Company has separated its
PaaS into two separate platforms. VPaaS will continue to
exist in its current form except that all physical commodity-based
trading and exchange functionality from its VPaaS (Visual Platform
as a Service) has been carved out and will now be offered under
TPaaS (Transactional Platform as a Service). TPaaS will
provide the same functionality that once resided under VPaaS
including matching buyers and sellers, removing additional layers
of middlemen, resolving the issues of information and credit
asymmetry and providing integrated commodity trading settlement and
clearance.
In addition, the Company also launched a new informational video
for VPaaS, which can be found at:
http://corporate.sevenstarscloud.com/media
Corporate Website: The Company will launch its new
updated corporate website in October. The website build is
being led by Ogilvy Public Relations.
Patent Application: In an effort to protect its
proprietary PaaS systems including VPaaS and TPaaS, the Company is
establishing an e-commerce focused technology patent
portfolio. For example, the first invention patent was filed
with SIPO (State Intellectual Property Office of China) on September
13, 2017. The patent, which will use collaboration
technology and is a cornerstone of VPaaS, is entitled "Video and
Screen-Sharing Method, Device and System as Applied to E-Commerce"
and is currently patent pending. This patent is the
first of three patents being filed, with the remaining two
patents to cover 3D product display and e-commerce blockchain
transactions. The Company is filing its patents globally by
taking advantage of China being a
part of the Patent Cooperation Treaty (PCT), an
international patent law treaty. It provides a
unified procedure for filing patent applications to protect
inventions in each of its 152 contracting states by filing one
international patent application under the PCT.
About Seven Stars Cloud Group, Inc.
(http://corporate.sevenstarscloud.com/)
Seven Stars Cloud Group, Inc. (NASDAQ: SSC) is aiming to be a
leading Intelligent Industrial Internet (3I) platform, creating a
fintech-powered, supply chain solution simplified for commercial
enterprises. There are 2 Engines that drive our business
platform: 1. VPaaS + TPaaS - Supply Chain Management for key
industry sectors and leaders including but not limited to Big
Commodities, Cross-Border Trade, Consumer Electronics & Energy;
2. Digital Finance Solutions - Supply Chain Finance
underwritten by our Global Cornerstone Funds and Tokenization and
Exchange Platforms, which include FINRA and SEC-regulated: Index
Exchanges, Initial Coin Offering / Tokenization, ETFs and
Derivatives. Both Engines and their various arms will run on
'BASE' technology and infrastructure (Blockchain, Artificial
Intelligence, Supply Chain & Exchanges) to power a closed trade
ecosystem for buyers and sellers designed to eliminate
transactional middlemen and create a more direct and
margin-expanding path for principals.
Safe Harbor Statement
This press release contains certain statements that may
include "forward looking statements." All statements other than
statements of historical fact included herein are "forward-looking
statements." These forward looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involve known and unknown risks
and uncertainties. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. You should not
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including those discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission
and available on its website (http://www.sec.gov). All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
CONTACT:
Jason Finkelstein
Seven Stars Cloud Group,
Inc.
212-206-1216
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SOURCE Seven Stars Cloud Group, Inc.