MONTVALE, NJ, July 20, 2022 (GLOBE NEWSWIRE) — MICT, Inc. (NASDAQ: MICT) (“MICT” or “Corporate”) these days pronounces its aim to record its Shape 10-Q outlining first quarter 2022 monetary effects by means of shut of commercial on Friday, July 22, 2022.
Darren Mercer, MICT’s CEO feedback, “Following the unavoidable delays that arose because of the extraordinarily strict COVID-19 lockdown protocols imposed right through massive portions of China, and now that our 2021 year-end effects were reported, we’re happy to file that we and our auditors have finished our first quarter 10-Q file and be expecting to record it by means of finish of commercial day on Friday, July 22, 2022. With this submitting whole, we will be able to be present with our SEC quarterly filings. We thank our staff and auditors for his or her determination and difficult paintings, and our stockholders for his or her endured improve and endurance, as we arrange via those unavoidable instances. With lockdowns in China starting to ease, we predict long term classes to be finished in a well timed approach. We stay up for sharing our effects by means of Friday.”
MICT is a monetary generation trade basically targeted at the expansion and construction of a set of shopper fintech services and products throughout roughly 130 towns in China, with deliberate enlargement into further markets. MICT has evolved extremely scalable proprietary platforms for insurance coverage merchandise (B2B, B2B2C and B2C) and fiscal services and products/merchandise (B2C), the generation for which is very adaptable for different programs and markets. MICT has bought and holds the considered necessary license and approvals with the Hong Kong Securities and Futures Fee to deal in securities and supply securities advisory and asset control services and products. MICT additionally has memberships/registrations with the Hong Kong Inventory Alternate, the London Inventory Alternate and the considered necessary Hong Kong and China Direct clearing firms. MICT’s monetary services and products trade and primary monetary services and products product, the Magpie Make investments app, is in a position to industry securities on NASDAQ, NYSE, TMX, HKSE, China Inventory Attach, LSE, the Frankfurt Inventory Alternate and the Paris Inventory Alternate.
Cautionary Notice Referring to and Ahead-Taking a look Statements
This press unlock and statements of every of Tingo and MICT’s control made in connection therewith include “forward-looking statements” (as outlined in Segment 27A of the Securities Act of 1933, as amended, and Segment 21E of the Securities Alternate Act of 1934, as amended). The phrases “imagine,” “might” “will,” “estimate,” “proceed,” “wait for,” “intend,” “be expecting” and equivalent expressions are supposed to spot forward-looking statements. Those forward-looking statements are based totally upon Tingo’s and MICT’s respective present expectancies and assumptions and are matter to vital dangers and uncertainties that might reason precise effects (together with whether or not the Merger will in truth be consummated and the expected advantages of the Merger to the companies of every of Tingo and MICT as described herein) to fluctuate materially from the ones pondered in such forward-looking statements. Elements that might reason precise effects to fluctuate materially come with, however don’t seem to be restricted to, the chance elements described in every of Tingo’s and MICT’s filings with the Securities and Alternate Fee (“SEC”). Readers are cautioned to not position undue reliance on those forward-looking statements, which discuss simplest as to the date hereof. Neither Tingo nor MICT undertakes any legal responsibility to unlock publicly any revisions to those forward-looking statements that can be made to replicate occasions or instances after the date hereof or to replicate the incidence of unanticipated occasions, apart from as required by means of legislation. The inclusion of any remark on this unlock does now not represent an admission by means of Tingo, MICT or every other individual that the occasions or instances described in such statements will happen as described or are subject material.
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