Blue Hat Interactive (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality (“AR”) interactive entertainment games, toys and educational materials in China, has announced that Fuzhou Csfctech Co. Ltd. (Csfctech), a company it is in the process of acquiring a 51% interest in, is testing new gaming products. Csfctech is targeting overseas markets for the five new products it is developing. The five new games include Qule King of Fishing War, a competitive fish-catching game with multiple players; Qule Battle the Landlord, a music selection puzzle game; MOMO Remove, a brain teaser game; MOMO Link, a game of puzzle elimination; and MOMO Hexagon, a block matching game. The acquisition of Csfctech marks a significant step Blue Hat’s development of its mobile games unit, one of three areas the company is focusing on; the other two are AR gaming and interactive education. “We are confident that we can drive the rapid growth of the gaming business segment,” said Blue Hat CEO Xiaodong Chen in the press release. “Looking at the moment, the boom in the gaming market is evident, even after the industry shock in the first half of 2020. We saw a rapid increase in the timing of individuals entering the gaming space, which we intend to capitalize on in the coming months. With the continuous upgrading of the game business and the launch of new products, Csfctech will provide more adequate promotional resources and new gaming content for players. For the already launched online games, we will also invest more energy and capital to provide regular updates that will be both regional and seasonal in nature, and ultimately drive user growth. We believe the totality of all of our efforts will help drive revenue growth, margin expansion, and net profits in our mobile game development segment.”
To view the full press release, visit https://ibn.fm/Wzoc7
About Blue Hat Interactive Entertainment Technology
Blue Hat Interactive 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 interactive 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 about the company, please visit https://ir.BlueHatGroup.com/investor-relations.
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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