- Rich communication services (“RCS”) and big data analysis solutions provider FingerMotion is a U.S.-based company focused on providing products and services to China’s 1.4 billion mobile users
- FingerMotion’s SMS and MMS services account for the bulk of its revenues, but the company is in a growth phase that it expects to see the big data analysis solutions of its Sapientus division outstrip the revenues of the mobile services in coming months
- The company has begun implementing additional measures to expand awareness of its operations and growth potential among investors, including an uplisting of its common stock that allowed FingerMotion to begin the year on the Nasdaq Capital Market
- FingerMotion also recently announced that Skyline Corporate Communications Group has been retained to manage investor relations and communications within the financial community
The Chinese New Year is still a month away, but in the United States the new year has already begun with China-centric mobile data specialist company FingerMotion (NASDAQ: FNGR) kicking off its aspirations for a prosperous new trip around the sun with the announcement that its common shares have been upgraded to a listing on the Nasdaq Capital Market in hopes of expanding the company’s reach to investors.
FingerMotion’s development of short and multimedia messaging (SMS and MMS) services for Chinese consumers have built the company’s revenues to solid levels with quarterly growth surging 142 percent year-over-year in its Telecommunications Products and Services business sector as of FingerMotion’s most recent financial report in October (https://ibn.fm/zKoBo).
CEO Martin Shen anticipates revenues from the company’s big data-analyzing Sapientus division to eventually outpace the SMS and MMS services, particularly as the company continues to build client agreements with insurers who need insurers risk assessment scoring and a simplified policy underwriting process.
FingerMotion’s insurtech services are expected to generate new revenue channels in several of China’s provinces and help the company transition toward profitability as the services begin to be activated in the new year, and the Nasdaq listing provides hopefulness for new investment revenues as well.
“FingerMotion is very proud and excited to be joining the Nasdaq stock market as one of their newly listed technology companies. Listing on Nasdaq provides us greater exposure within the investment community as we execute on our ambitious growth strategies and key upcoming milestones, including expansion into new verticals and markets worldwide,” Shen stated (https://ibn.fm/G6G4H). “We believe that listing on a senior stock exchange will create more value for our shareholders, allow us to expand our investor base, and provide the opportunity to gain greater visibility for our fast-growing company within the U.S. financial community.”
The company also announced that it has retained Skyline Corporate Communications Group, LLC to manage its investor relations and communications within the financial community as it works toward new corporate milestones this year.
“We believe that Skyline’s strong reputation, communications strategies, methodologies, and standards are an excellent pairing for us as we enter into a growth phase for the company, and we want to have a skilled partner working closely with us when communicating our message to the investing public,” Shen stated (https://ibn.fm/UXuv7).
China boasts a 1.4 billion-person mobile products and services user base that often has multiple smartphone devices per person as a manifestation of its transformative tech-hungry society. And the still-developing state of the nation’s insurance industry, coupled with governmental policies that require citizens to carry social insurance that covers basic insurance policies for pensions, medical care, on-the-job injuries, unemployment, and maternity care, among other things (https://ibn.fm/0Ifgc).
For more information, visit the company’s website at www.FingerMotion.com.
NOTE TO INVESTORS: The latest news and updates relating to FNGR are available in the company’s newsroom at https://ibn.fm/FNGR
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