SYDNEY and NEW
YORK, June 6, 2022 /PRNewswire/ -- Integrated
Media Technology Limited (NASDAQ: IMTE) ("IMTE" or the "Company"),
announces today that the Company's subsidiary Ace Corporation
Limited ("Ace") has entered into a cooperation agreement with
Hainan Pansuo Art and Culture Development Co., Ltd. ("Pansuo"), to
establish a strategic partnership to provide one-stop blockchain
traceability, automated NFT production, electronic settlement and
related development and technical support.
IMTE's online trading platform named Ouction and its development
team will work with Pansuo to create digital assets for the art
collections associated with the Chinese civilization, including
some Non-Fungible Tokens ("NFT") to
be sold on the Ouction online trading platform or online auction
platform. Mr. Xiaodong Zhang, IMTE's
CEO stated, "this cooperation with Pansuo will enable Ouction to
create digital assets for various art collections to further expand
the Ouction platform to art collectors worldwide."
About Integrated Media Technology Limited ("IMTE")
IMTE is an Australian company engaged in the business of
manufacture and sale of nano coated plates for filters, the
manufacture and sale of electronic glass, Halal certification and
distribution of Halal products, the operating of an online exchange
platform for trading in digital assets and the provision of
financial research. For more information, please visit
www.imtechltd.com.
About Ouction Trading Platform
Ouction is an online trading platform in digital assets. The
Ouction platform is an interactive experiencing solution designed
with dynamic image cryptographic verification technology which will
serve as a bridge for O2O (Online to Offline) transaction. This
will enable the "Ouction" platform to not only verify virtual
(digital) asset transactions, but also provide encryption and
Blockchain notarized digital certificates of physical assets for a
fairer and more credible platform trading experience to e-commerce
companies and their users. Please visit the Ouction website at
www.ouction.io.
Safe Harbor Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, including those
regarding IMTE's expectations, intentions, strategies, and beliefs
pertaining to future events or future financial performance. Actual
events or results may differ materially from those in the
forward-looking statements because of various important factors,
including those described in the Company's most recent filings with
the SEC. IMTE assumes no obligation to update publicly any such
forward-looking statements, whether because of new information,
future events or otherwise. For a more complete description of the
risks that could cause our actual
results to differ from our current
expectations, please see the section
entitled "Risk Factors" in IMTE's annual
reports on Form 20-F and interim reports
on Form 6-K filed with the SEC, as such factors may be updated
from time to time in IMTE's periodic
filings with the SEC, which are accessible on the
SEC's website and at http://www.imtechltd.com.
Investor Relations Contact:
Email: corporate@imtechltd.com
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SOURCE Integrated Media Technology Limited