BEIJING, Aug. 17, 2020 /PRNewswire/ -- MMTEC, Inc.
(NasdaqCM: MTC), a China-based
technology company that provides access to the U.S. financial
markets (the "Company") announced today that the press release
issued on August 10, 2020 concerning
the Company's three-month Consulting Agreement with Hitek Global
Inc. ("Hitek") contained an inadvertent error. Under the terms of
the Consulting Agreement, the Company will provide M&A,
investment, financial and strategic planning advice to Hitek in
consideration for a consulting fee of $750,000 to be received by the Company on
execution of the Consulting Agreement.
Hitek Global Inc. is an information technology consulting and
solutions service provider focused on delivering services to
business in various industry sectors in China. The business services to small and
medium businesses mainly include Anti-Counterfeiting Tax Control
System ("ACTCS") tax devices and services and information
technology services; services to large businesses include hardware
and software sales.
ABOUT MMTEC, INC.
Headquartered in Beijing,
China, develops and deploys a series of platforms, including
the ETN Counter Business System, the PTN Private Fund Investment
Management System, the Personal Mobile Transaction Client System,
the PC Transaction Client System, the Individual and Institutional
Integrated Account Management System, and the Quantitative
Investment Transaction Platform, which comprise a business chain
that enables Chinese language speaking hedge funds, mutual funds,
registered investment advisors, proprietary trading groups, and
brokerage firms to engage in securities market transactions and
settlements globally. For additional information about the Company
please refer to its corporate website at http://www.51mm.com.
This press release may contain certain "forward-looking
statements" relating to the business of MMTEC, Inc. and its
subsidiary companies. All statements other than statements of
historical fact included herein are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements regarding the Company's the general
ability of the Company to achieve its commercial objectives, the
business strategy, plans and objectives of the Company and its
subsidiaries, and any other statements of non-historical
information. 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 these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. Investors 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 at 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
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SOURCE MMTEC, Inc.