INTEGRATED MEDIA TECHNOLOGY LIMITED ANNOUNCES A COOPERATIVE AGREEMENT FOR THE CREATION OF DIGITAL ASSETS FOR ART COLLECTIONS
SYDNEY and NEW YORK, June 6, 2022 /PRNewswire/ — Integrated Media Technology Limited (NASDAQ: IMTE) (“IMTE” or the “Company”), today announces that the Company’s subsidiary, Ace Corporation Limited (“Ace”) has entered into a cooperation agreement with Hainan Pansuo Art and Culture Development Co., Ltd. (“Pansuo”), to establish a strategic partnership to provide one-stop blockchain traceability, automated NFT production, electronic settlement and related development and technical support.
IMTE’s e-commerce platform named Ouction and its development team will work with Pansuo to create digital assets for art collections associated with Chinese civilization, including some Nonot-Fungible Tokens (“NFT”) for sale on Ouction Online Trading Platform or Online Auction Platform. Mr. Xiaodong Zhang, CEO of IMTE, said, “This cooperation with Pansuo will enable Ouction to create digital assets for various art collections to further expand the Ouction platform to art collectors around the world.”
About Integrated Media Technology Limited (“IMTE”)
IMTE is an Australian company specializing in the manufacture and sale of nano-coated plates for filters, the manufacture and sale of electronic glass, Halal certification and the distribution of Halal products, the operation of an exchange platform in online for trading digital assets and providing financial research. For more information, please visit www.imtechltd.com.
About Ouction Trading Platform
Ouction is an online digital asset trading platform. Ouction platform is an interactive experience solution designed with dynamic image cryptographic verification technology that will act as a bridge for O2O (Online to Offline) transaction. This will enable the “Ouction” platform not only to verify transactions of virtual (digital) assets, but also to provide notarized digital encryption and blockchain certificates of physical assets for platform trading experience. fairer and more credible for e-commerce businesses and their users. Please visit the auction website at www.ouction.io.
Safe Harbor Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding the expectations, intentions, strategies and beliefs of IMTE regarding future events or future financial results. performance. Actual events or results may differ materially from those in the forward-looking statements due to a variety of important factors, including those described in the Company’s most recent filings with the SEC. IMTE undertakes no obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise. For a more complete description of the risks that could cause our actual results to differ from our current expectations, please see the section titled “Risk Factors” in IMTE’s Annual Reports on Form 20-F and Interim Reports. on Form 6-K filed with the SEC, as such factors may be updated from time to time in IMTE’s periodic filings with the SEC, which are accessible on the SEC’s website and at http://www.imtechltd.com.
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SOURCE Integrated Media Technology Limited