Business
MMTEC, INC. Engages Hitek Global to Expand Its Advisory and Research Capabilities
BEIJING, Aug. 10, 2020 /PRNewswire/ -- MMTEC, Inc. (NasdaqCM:MTC), a China based technology company that provides access to the U.S. financial markets (the
About this update from Mmtec, Inc.
[{"type":"text","content":"BEIJING, Aug. 10, 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 it signed a three-month Consulting Services Agreement engaging Hitek Global Inc. to provide M&A, investment, financial and strategic planning advice to the Company in consideration for a consulting fee of $750,000. The Company believes this engagement will allow it to expand its investment banking team in China, to conduct in-depth investment research in new industries and fields, including healthcare, financial information services, among others, and to coach and assist Chinese companies with various corporate and capital markets access matters.\nHitek 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.\nABOUT MMTEC, INC.\nHeadquartered 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. \nFORWARD-LOOKING STATEMENTS\nThis 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 commercia...