XIAMEN, China, Feb. 14, 2022 /PRNewswire/ -- Pop Culture
Group Co., Ltd ("Pop Culture" or the "Company") (Nasdaq: CPOP), a
hip-pop culture company in China,
announced today that the Company's joint venture with Shenzhen Jam
Box Technology Co., Ltd ("JBT") has received industry recognition
from various dance organizations, including Jamyo Easy Dance,
Jingwumen Breakdance Club, and DF Dance for its street dance chain
software-as-a-service ("SaaS") platform.
As an important part of Pop Culture's Olympic street dance
talent development plan, JBT's SaaS platform launched in
December 2021. It is a platform with
unified management features and is designed to be convenient to use
and may reduce the operational cost for dance organizations. The
JBT SaaS platform provides functions such as student files and
class schedule management, which can be used and managed by all
branches of a dance organization. As more organizations adapt to
use it, the JBT's SaaS platform is able to be frequently optimized
and upgraded. Some new updates on the JBT's SaaS platform include
E-sign service and Tencent Push
Notification Service, powered by Tencent Cloud, which feature a contract E-sign
function, class approval, and contract notification. If the
approval mode is not turned on, the JBT's SaaS platform will send
text messages directly to notify customers to sign the contract
electronically when applying for or renewing training. These
features are expected to reduce paper usage and improve training
efficiency.
Since JBT's launch, December 11,
2021 to December 31, 2021, the
number of dance organizations using JBT's SaaS platform have
exceeded 200 within just 20 days. The emergence of JBT's SaaS
platform will break from the original offline street dance training
model and promote the development of the street dance training
industry. The JBT's SaaS platform is expected to advance Pop
Culture's business development and the street dance talent training
plan.
Most of the Company's street dance talent training plan has been
constructed. A crucial part of the plan is the establishment of a
street dance base that is expected to be put into use in
March 2022. The Company's street
dance base contains a street dance cultural corridor, a street
dance studio, a street dance training multi-functional hall, a
street dancer health center, apartments for dancers, and sports
parks. The Company is also negotiating with relevant colleges to
develop its street dance vocational education and upgrade the China
Battle Championship ("CBC") this year. With the establishment of
the SaaS platform for the street dance training chain and the
praise received for the SaaS platform since its launch, the Company
has built a network for talent discovery, basic training,
competition, and special training to align with the talent
development plan for the Olympics.
Mr. Zhuoqin Huang, Chairman and Chief Executive Officer of Pop
Culture, commented, "In 2022, with content as the core,
collaborative data and resources as the driving force, the Company
has made preparations to achieve the goal of developing of the
three business groups of technology, sports, and entertainment.
With the inclusion of street dance to the 19th Asian
Games Hangzhou 2022, and Paris
2024 Olympic Games, the street dance industry has received
significant attention and recognition, domestically and
internationally. We are committed to the continuous investment and
development of the street dance Olympic talent training plan to
cultivate and develop more street dance talents for the China
Olympic Team."
About Pop Culture Group Co., Ltd
Headquartered in Xiamen, China,
Pop Culture Group Co., Ltd is a hip-hop culture company. The
Company aims to promote hip-hop culture and its values of love,
peace, unity, respect, and having fun, and to promote cultural
exchange with respect to hip-hop between the United States and China. With the values of hip-hop culture at
its core and the younger generation as its primary target audience,
the Company hosts entertainment events, operates hip-hop related
online programs, and provides event planning and execution services
and marketing services to corporate clients. The Company has in
recent years focused on developing and hosting its own hip-hop
events. For more information, visit the Company's website at
http://ir.cpop.cn/.
Forward-Looking Statements
Certain statements in this announcement are forward-looking
statements. These forward-looking statements involve known and
unknown risks and uncertainties, including the further spread of
the COVID-19 virus or new variants thereof, or the occurrence of
another wave of cases and the impact it may have on the Company's
operations and the demand for the Company's services, and are based
on current expectations and projections about future events and
financial trends that the Company believes may affect its financial
condition, results of operations, business strategy, and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as "may," "will," "expect," "anticipate,"
"aim," "estimate," "intend," "plan," "believe," "potential,"
"continue," "is/are likely to," or other similar expressions. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results and encourages investors to
review other factors that may affect its future results in the
Company's registration statement and its other filings with the
SEC.
For more information, please contact:
Pop Culture Group Co., Ltd
Investor Relations
Department
Email: ir@cpop.cn
Ascent Investors Relations LLC
Tina Xiao
President
Phone: 917-609-0333
Email: tina.xiao@ascent-ir.com
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SOURCE Pop Culture Group Co., Ltd
