HONG KONG, Jan. 10, 2018 /PRNewswire/ -- Sharing
Economy International, Inc. ("SEII" or "the Company") (NASDAQ:
SEII) today announced that its wholly-owned subsidiary, Sharing
Economy Investment Limited ("SEI"), has entered into an exclusivity
agreement with Quik Ventures, regarding a potential acquisition by
SEI of not less than 51% of Quik Ventures.
Quik Ventures develops and runs a sharing economy platform
called Quikspaces (www.quikspaces.com), which is a platform
allowing people to find flexible office space with their
easy-to-use search and filter system. "We came up with the idea
when we were searching for affordable office space for ourselves,
as we realized how antiquated the traditional leasing model is,"
said Jacky Lo, co-founder of Quik
Ventures. "Quikspaces offers a win-win solution for both sides,
enabling those who sublet their unused space to significantly
increase their income, while also allowing those who rent such
spaces to do so at below average market rates. A sharing economy
for office space is created by reallocating underutilized supply
and matching it with demand, ensuring that no excess office space
is wasted."
"We're moving away from traditional long leases into an economy
where people want flexible office space that can be dynamically
scaled according to business needs," says Quikspaces' Co-founder,
Eunice Wong. "While coworking
spaces are great for collaboration, not all companies are suited
for that type of open-layout environment which can be
counterproductive. Flexible lease terms and affordable rent,
on the other hand, are two key elements that all businesses look
for. There is so much untapped supply out there in the market and
valuable square footage is often locked up and
underutilized. Quikspaces' aim is to empower business to
monetize their unused office space."
"Quikspaces provides another workspace sharing option, a
business model that our group firmly believes in," said
Parkson Yip, COO of SEII. "We
are excited to add this new member to our workspace sharing
solutions business, in addition to Anyworkspace in which we are
acquiring a majority stake as well. Collaboration between
these platforms within the group will provide us with more complete
market coverage and more options in the workspace sharing
market. Just in Hong Kong,
Quikspaces already covers over 900 different sharing workspaces,
ranging from an unutilized desk in an individual office to a fully
equipped meeting room in a top-tier commercial building to an
entire office suite available at flexible lease terms. Once
acquired by the SEII group, workspace rental transactions will
become easier, safer and more automated thanks to the
implementation of our secure blockchain online payment system,
along with features such as smart contract and Internet-of-Things
facility access technologies which we already have in place or are
currently developing.
"Our vision is to provide flexible workspaces everywhere around
the world, so people can easily search, pay, gain access, work, and
move on using fully automated, secure processes. Our
productivity will no longer be bounded geographically, people can
work anywhere and quickly complete their projects. Leveraging
our blockchain-enabled technologies and the resources we are
devoting to this exciting area, our group will further expand and
cover other sharing economy solutions in different market
segments. We continue to invite new venture ideas and
entrepreneur partners to join SEII to build this new sharing
economy ecosystem together. The SEII group has a strong belief
that sharing economy and blockchain technologies will be key
components to building a sustainable future, supporting the
sustainable development goals which the United Nations has set up
to reach by 2030."
There can be no assurances that the parties may enter into any
agreement to do a transaction, and even if an agreement is entered
into, there can be no assurances that such transaction will be
consummated.
About Sharing Economy International Inc.
Sharing Economy International Inc., through its affiliated
companies, designs, manufactures and distributes a line of
proprietary high and low temperature dyeing and finishing machinery
to the textile industry. The Company's latest business
initiatives are focused on targeting the technology and global
sharing economy markets, by developing online platforms and rental
business partnerships that will drive the global development of
sharing through economical rental business models. Moreover, the
Company will actively pursue blockchain technology in its existing
and to-be-acquired business, enabling the general public to realize
the beauty of resource sharing.
About Quik Ventures
Quik Ventures develops and operates the workspace sharing
platform quikspaces.com, which is an online marketplace for
flexible workspace rentals. The vision is to create a sharing
economy for office space by eventually making all unused offices
and conference spaces available online at any time. Users can
search, review and book their coworking space serviced office or
meeting room in a few simple clicks.
Safe Harbor Statement
This release contains certain "forward-looking statements"
relating to the business of the Company and its subsidiary and
affiliated companies and certain potential transactions that they
may enter into. These forward looking statements are often
identified by the use of forward looking terminology such as
"believes," "expects" or similar expressions. Such forward looking
statements involve known and unknown risks and uncertainties that
may cause actual results to be materially different from those
described herein as anticipated, believed, estimated or expected.
The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of factors, including those discussed in the Company's
periodic reports that are filed with the Securities and Exchange
Commission and available on its website, including factors
described in "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations" in our
Form 10-K for the year ended December 31,
2016 and in our Form 10-Q for the quarter ended September 30, 2017. All forward-looking
statements attributable to the Company or to persons acting on its
behalf are expressly qualified in their entirety by these factors
other than as required under the securities laws. The Company does
not assume a duty to update these forward-looking
statements.
Company Contacts:
Sharing Economy International Inc.
Parkson Yip, COO
Email: parkson.yip@seii.com
+852-31060372
Joseph Chow, Director of Investor
Relations
Email: ir@seii.com
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SOURCE Sharing Economy International Inc.