HONG KONG, Jan. 29, 2018 /PRNewswire/ -- Sharing Economy
International, Inc. ("SEII" or "the Company") (NASDAQ: SEII) today
announced that its wholly-owned subsidiary, EC Rental Ltd. ("EC
Rental"), has entered into an exclusivity agreement with the
shareholders of JoGeep ("JoGeep"), regarding a potential
acquisition by EC Rental of not less than 51% of JoGeep.
JoGeep offers short-term renting of suitcases in different sizes
for those travelers who do not always need to own a suitcase at
home because of space concerns. JoGeep offers suitcases in a
variety of styles, sizes and brands to suit any traveler's needs,
including American Tourister, Delsey, Lojei, Samsonite and Rimowa.
The rental fee is calculated daily and no deposit is required if
the customer has purchased travel insurance.
"I am so excited to have the chance to work with SEII, an
international sharing economy company, which shares the same vision
and goals of sharing and saving," said Eugena Lau, Founder of JoGeep. "By joining the
SEII group, we have better access to technology and operational
support to improve and expand our services. Ultimately, not only
Hong Kong users but travelers
around the world can utilize our services. Tourists can avoid
buying luggage and use this savings for other spending and
entertainment during their trips. We hope that our collaboration
with SEII will help us to promote our brand, extend our exposure in
the global markets and more importantly, further improve our bottom
line."
"Suitcases are items that most people do not necessarily need to
own. JoGeep provides savings in expense and space for most people
and gets the most use from each suitcase that is rented out," said
Parkson Yip, COO of SEII. "We look
forward to providing technological and operational solutions for
JoGeep so they can expand their reach and services. In
collaboration with our other rental businesses and partnerships,
travelers will have the ability to choose from a full suite of
rental items for their trip, including suitcases, mobile
rechargers, WiFi eggs, local mobile phones, and others through a
one-stop travel supply solution at JoGeep.
"The whole travel rental experience will be powered by our
blockchain powered 'Sharing Blocks' platform to ensure transaction
safety and service availability. Through our recent
cooperation partnership with Asiabots, an artificial intelligence
engine will assist travelers to identify and resolve their travel
needs quickly while they are traveling overseas. Chatbots will
assist customers in selecting the best suitcases and travel
supplies in several different languages. In addition, Buddigo, our
P2P delivery service, and our affiliated workspace networks can
provide more options for JoGeep customers to get their rental
suitcases and travel supplies delivered and picked up."
There can be no assurances that the parties may enter into any
agreement to do a transaction, and even if an agreement is entered
into, there can be no assurances that such transaction will be
consummated.
About Sharing Economy International Inc.
Sharing Economy International Inc., through its affiliated
companies, designs, manufactures and distributes a line of
proprietary high and low temperature dyeing and finishing machinery
to the textile industry. The Company's latest business
initiatives are focused on targeting the technology and global
sharing economy markets, by developing online platforms and rental
business partnerships that will drive the global development of
sharing through economical rental business models. Moreover, the
Company will actively pursue blockchain technology in its existing
and to-be-acquired business, enabling the general public to realize
the beauty of resource sharing. For more information visit
www.seii.com.
About JoGeep Limited
JoGeep Limited was founded in 2015 by a fashionable young lady,
Ms. Eugena Lau, who was previously a
flight attendant, and is a local suitcase rental service provider
in Hong Kong. Eugena noticed that
there exists a sustainable market for suitcase rental after
interacting with thousands of passengers during her frequent
travel. For more information visit www.jogeep.com.
Safe Harbor Statement
This release contains certain "forward-looking statements"
relating to the business of the Company and its subsidiary and
affiliated companies and certain potential transactions that they
may enter into. These forward looking statements are often
identified by the use of forward looking terminology such as
"believes," "expects" or similar expressions. Such forward looking
statements involve known and unknown risks and uncertainties that
may cause actual results to be materially different from those
described herein as anticipated, believed, estimated or expected.
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, including factors
described in "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations" in our
Form 10-K for the year ended December 31,
2016 and in our Form 10-Q for the quarter ended September 30, 2017. All forward-looking
statements attributable to the Company or to 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.
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SOURCE Sharing Economy International, Inc.