Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality (“AR”) interactive entertainment games, toys and educational materials in China, today announced that its controlling subsidiary Xunpusen (Xiamen) Technology Co. Ltd. has achieved total transaction volume of RMB31 million (approximately US$4.77 million) in direct deals with China’s top three mobile operators. “We are pleased with the initial results of our cooperation with China’s top three mobile operators following our strategic deployment of Xunpusen,” said Xiaodong Chen, CEO of Blue Hat. “The InternetPlus model of value-added services under data collection and operation creates favorable conditions that bode well for a strong, long-term cooperation in the future and sets a solid foundation for expansion through signing new agreements. We believe that this will help the business continue to grow, which we anticipate will bring more stable and sustainable profit to the company and enable it to continue to explore additional growth opportunities.”
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About Blue Hat
Blue Hat Interactive Entertainment Technology is a producer, developer and operator of AR interactive entertainment games and toys in China, including interactive educational materials, mobile games and toys with mobile-game features. The company’s entertainment platform creates unique user experiences by connecting physical items to mobile devices, which creates a rich visual and interactive environment for users through the integration of real objects and virtual scenery. Distinguished by its own proprietary technology, Blue Hat aims to create an engaging, interactive and immersive community for its users. For more information, please visit the company’s investor relations website at https://IR.BlueHatGroup.com.
NOTE TO INVESTORS: The latest news and updates relating to BHAT are available in the company’s newsroom at http://ibn.fm/BHAT
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