BEIJING, Sept. 14, 2018 /PRNewswire/ -- China Internet
Nationwide Financial Services Inc. (NASDAQ: CIFS) ("CIFS" or the
"Company"), a financial advisory services provider and financial
technology company today announced that its wholly-owned
subsidiary, Fu Hui (ShenZhen)
Commercial Factoring Co., Ltd. has developed Quantum Compass
Intelligent System ("Quantum"), an operating system designed to
support CIFS's supply chain factoring operations in a bid to
capture additional market share in China.
Quantum was designed to optimize CIFS's supply chain financial
services offered to SMEs. Using Quantum, CIFS is able to
automatically collect, integrate, categorize and analyze financial
and operational data of a large number of enterprises and of all
parties involved in supply chain financing, including debtors,
creditors and guarantors.
Mr. Jianxin Lin, Chairman and
Chief Executive Officer of CIFS, commented, "Quantum is a
revolutionary intelligent system which automatically screens and
connects CIFS with enterprises in need of funds by providing a real
time analysis of cash flow and automated risk control evaluation
reports. This automated system, not only expands the
pool of potential candidates for our supply chain financing
business (as we are able to screen a much larger number of
companies) but it also greatly improves efficiency, lowers overall
risks and operating costs. Additionally, the system gives CIFS
the ability to connect/cooperate with other financial institutions
and banks, thus substantially increasing the total amount of funds
that can be used by CIFS for its supply chain financing
business. We believe that the Quantum platform provides CIFS
with a competitive edge advantage by offering SMEs innovative
products to solve their financing needs and will help it increase
its market share in China."
The Company registered six software copyrights with the National
Copyright Administration of the people's Republic of China (NCAC)
in connection with the Quantum platform. These software
comprise:
- Fuhui Factoring Online Supply Chain Finance Investment and
Financing Android Platform System V1.0.4
- Fuhui Factoring Online Supply Chain Finance Investment and
Finance IOS Platform System V1.0.4
- Fuhui Factoring Online Supply Chain Finance Investment and
Financing Platform Computer Software V2.0
- Quantum Compass Medical Enterprise Invoicing Management System
V1.0
- Quantum Compass Supply Chain Financial Credit Audit System
V2.0
- Quantum Compass Supply Chain Financial Business Support System
V2.0
About China Internet Nationwide Financial Services
Inc.
Incorporated in 2014 and headquartered in Beijing, China Internet Nationwide Financial
Services Inc. provides financial advisory services, including
commercial payment advisory, intermediary bank loan advisory, and
international corporate financing advisory, to meet the financing
and capital needs of its clients, comprised largely of
small-to-medium sized enterprises. Beijing Anytrust Science &
Technology Co., Ltd. ("Anytrust") is a wholly owned subsidiary of
CIFS focusing on providing data infrastructure design, big data
access and analytics, and document automation for enterprises and
government agencies in China. For more information about the
CIFS and Anytrust, please visit www.cifsp.com or
www.anytrust.cn.
For more information contact:
Investor Relations
(China)
China Internet
Nationwide Financial Services, Inc. ir@cifsp.com
+1 212
220-6998
|
Investor Relations
Service (US)
Lena Cati:
ir.us@cifsp.com
+1 212
836-9611
|
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.
View original
content:http://www.prnewswire.com/news-releases/china-internet-nationwide-financial-services-inc-develops-quantum-compass-intelligent-system-to-capture-additional-market-share-300712819.html
SOURCE China Internet Nationwide Financial Services Inc.