Business
SportsQuest, Inc. (OTC: SPQS) Executive Summary AI China
SportsQuest, Inc. (OTC: SPQS) Executive Summary AI China.
About this update from Sportsquest, Inc.
[{"type":"text","content":"Huayi Cinemas Incoming AI OperatingChina Cinema Chain OTC FilingWEST PALM BEACH, FL / ACCESSWIRE / March 20, 2024 / The Company SPORTS QUEST (SPQS) www.sports-quest.co (Company) is providing the following summary snippet of a comprehensive corporate filing on the targeted China based AI cinema chain https://huayicinemas.net/ (AIC). The extensive business operations plan can be viewed on OTC Markets OTC:MSEZ Frilings Supplimental Information.The filing is a comprehensive 49 page detailed business plan which contains full explanation and elaboration on the company operations including Company Products The Opportunity Management Team Industry Overview Products / Services Description Industry Analysis to name a few . The management is of the opinion that this is a material event that requires a public disclosure.Shenzhen Huayi Excellent Cinemas Co., Ltd.is headquartered in Futian District, Shenzhen. Guangdong Province, China. As a cultural high-tech enterprise leading the chain operation of movie theaters , the company takes digital intelligent system technology as its core competitive advantage . Through its independently developed "Thousands of Cities, Ten Thousands of Cinemas" large-scale model, it accurately manages chain movie theater resources and data traffic to achieve efficient operations.The company has currently acquired 12 movie theaters and 3 more under acquisition, located in major cities in China,and with a total of 139 employees at the headquarters and various theaters. It is planned to acquire 50 cinemas by the end of 2024; expand to 150 in 2025; and reach 500 in 2028. At the same time, through independent research and development of AI technology, it is expected to manage 1,000 franchised cinemas in 2025-2026, becoming China's leading cinema chain brand. The company's goal is to achieve 70% market share.More details will follow shortly.About SportsQuest, Inc.:Sports and entertainment hospitality company. In the USA the Company developed and maintains a franchise portal for both front and back-office end users. The Company is in the process of amalgamation with a Mainland China-based theater (cinema) operator with a chain of corporately owned and franchised locations. China-based targeted Business: Shenzhen Huayi Excellent Cinemas Co., Ltd. (Huayi) Huayi is a cultural and high-tech enterprise that leads th...