![]() 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. These forward looking statements are often identified by the use of forward looking terminology such as "believes," "expects" or similar expressions. 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. ![]() The upcoming mission is to expand its errand network, continuously optimize its business model, integrate into the ecosystem of the Cleantech Solutions group and join together into a global network. Income is mainly generated from commission charged on each errand service transaction, apart from that, it will diversify its revenue stream by introducing advertising business and big data analytics. Its vision is to create an innovative consumption pattern and improve quality of life by effectively reallocating idle resources in communities. ![]() Inspirit Studio has been engaging in developing a mobile app platform which provides instant errand services in a peer to peer model. 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. Approximately 1.4 billion transactions were recorded in the first quarter of 2017.Ĭleantech Solutions, through its affiliated companies, designs, manufactures and distributes a line of proprietary high and low temperature dyeing and finishing machinery to the textile industry. We look forward to acquiring more sharing economy related businesses as we continue to pioneer the global growth of sharing economy markets."Īccording to iimediaResearch, the number of users participating in the peer-to-peer delivery sharing market in China has grown from 124 million in 2014 to 231 million in 2016, and experts expect it to grow to 353 million by 2018. We expect to increase active service providers in Hong Kong from 2,000 to 120,000 and expand into other regions in the next 12 months. By integrating the Anyway business model and the user groups, Cleantech Solutions will be better able to grow our community sharing concepts. We strongly believe Anyway will penetrate everyday life, allowing people to serve each other more easily. "The sharing economy is growing around the world. "We are happy to welcome Inspirit and Anyway to the Cleantech Solutions network," said Parkson Yip, COO of Cleantech Solutions. "We have already made plans to enhance our solutions, cover a broader market scope, and allow more people to join as both users and service providers." "We are very excited to join the Cleantech Solutions group to further develop and enhance our community courier solutions," said Kurt Tam, CEO of Inspirit Studio. ECTI will acquire 51% of Inspirit for consideration of HK$3.0 million, which shall be satisfied by the allotment and issuance of 85,473 unregistered shares of the Company at a price of $4.50 per share. ("Cleantech Solutions" or "the Company") (NASDAQ: CLNT) today announced that its wholly-owned subsidiary, EC Technology & Innovations Limited ("ECTI"), has entered into a sale and purchase agreement with the shareholder of Inspirit Studio ("Inspirit"), to acquire 51% ownership of Inspirit. 27, 2017 /PRNewswire/ - Cleantech Solutions International, Inc. ![]()
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