NEW YORK, Dec. 12, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Sino United Worldwide Consolidated Ltd. (OTC:
SUIC) has signed the Memorandum of Understanding with Sinoway International Corp. for joint investment that will create a universal
platform for buying and selling vehicles and auto related products or services by using its own cryptocurrency, the AutoCoin, and
future cooperation with crypto ATM manufacturers. AutoCoin is a hybrid token that integrates smart contracts into Bitcoin and
Ethereum core protocols, offers solutions for the global transport industry using Blockchain technology.
SUIC sets out a joint commitment and collaboration with Sinoway International Corp. that will further the huge
commercial interest and research value of the Internet of Vehicles (IoV). IoV is an integration of three
networks: an inter-vehicle network, an intra-vehicle network, and vehicular mobile Internet. SUIC and Sinoway build and adopt
latest innovations in systems-of-systems for IoV technologies required to support their AutoCoin, which is an integrated platform
that will enable Big Data interactions among users, vehicles, things and environment, and which offers reliable and low-delay-time
exchange of such information.
This will further support the economic development of car networking that will create a platform for vehicles
exchange, through collection of Big Data directly from intelligent sensors that are installed in the vehicle; and a vast network of
car-to-car, cars-to-people, cars-to-merchants, cars-to-roads, traffic database, anti-theft protection, insurance, fueling, parking,
car wash, roadside emergency assistance, and periodic vehicle inspection, integrated and controlled remotely via one-touch digital
handheld mobile devices, targeting the more than two hundred fifty million private cars in China.
SUIC and Sinoway envision the AutoCoin as a pioneer in building smarter cities and intelligent transportation
services, as it enhances V2V communications that improve the safety and efficiency of road transportation among others. SUIC
and Sinoway together aim to support long-term programs to bring economic growth, new jobs and prosperity, ensuring good returns on
IoV investments, securing a stake in the economic growth globally.
About SUIC: Sino United Worldwide Consolidated Company
The Sino United Worldwide Consolidated Company (SUIC) offers its latest SUIC Blockchain Services, adopting
Blockchain-as-a-Service (BaaS) model that can be applied in most industries, including the Internet of Things (IoT), data
applications and finance, including five sectors namely: “Logistics & Trade”, “Vehicle & Transportation”, “Finance & Coin”, and
“Medical & Healthcare”, and “Fintech”, our latest addition. SUIC Blockchain Services can cover identity verification, food source
tracing, remote healthcare, data transactions, IoT device management, proof of information and the Internet of Vehicles (IoV),
creating an Internet of Value in the process as well. Shareholders of SUIC will be exposed to the diverse application of Blockchain
services in various parts of the economy. Additionally, existing and potential customers can benefit from this company’s
diversified portfolio of technologies and consulting services in the five sectors. As one of the first publicly traded technology
companies, SUIC serves as an innovative leader by integrating these five sectors. To learn more, please visit www.sinounitedltd.com.
Forward-Looking Statement
Certain information set forth herein contains "forward-looking information", including "future oriented financial
information" and "financial outlook", under applicable securities laws (collectively referred to herein as forward-looking
statements). Except for statements of historical fact, information contained herein constitutes forward-looking statements and
includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of
proceeds from, the sale of shares being offered hereunder; (iii) the expected development of the Company's business, projects and
joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and
global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's
projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current
agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow
potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use
such beliefs and opinions as one factor in evaluating an investment.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such
forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and
financial results in future periods to differ materially from any projections of future performance or result expressed or implied
by such forward-looking statements.
Although forward-looking statements contained herein are based upon what management of the Company believes are
reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update
forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable
securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
Contacts Sino United Worldwide Consolidated New Release Department 718-395-8706