US Market News
1週前
FingerMotion, Inc. and BlueFlare Energy Solutions in Advanced Discussions on First Site Under Western Canada Behind-the-Meter AI Compute CollaborationJune 18, 2026 9:00 AM
NewsfileParties in Advanced Discussions Toward Commercial Terms for an Approximately 600 kW Alberta Facility That Would Deliver AI Inference Capacity Co-Located With Bitcoin Mining - Powered by On-Site Natural Gas and Managed by BlueFlare's BALA(TM) PlatformSingapore, Singapore--(Newsfile Corp. - June 18, 2026) - FingerMotion, Inc. (NASDAQ: FNGR) ("FingerMotion" or the "Company"), a mobile services, data and technology company today announced that it and BlueFlare Energy Solutions Inc. ("BlueFlare" or "BFE Solutions") are in advanced discussions and are working toward commercial terms covering the first of the two initial project sites identified under the parties' previously announced Memorandum of Understanding (the "MOU"). These discussions are intended to advance the first site toward development under the parties' Western Canada behind-the-meter ("BTM") AI compute collaboration and represent progress towards the first project milestone contemplated by the MOU. As of the date of this release, the parties have not entered into a Commercial Term Sheet or any other definitive agreement with respect to the first site.The initial site is an approximately 600 kilowatt ("kW") behind-the-meter facility in Alberta that today uses on-site natural gas - gas that would otherwise be flared - to power bitcoin mining operations. Under the proposed commercial terms, which are being negotiated, BlueFlare would redevelop the site into an AI inference facility, installing new on-site power generation, battery energy storage and high-performance computing ("HPC") capacity, while retaining and repurposing the existing bitcoin mining load as a load-balancing and gas-continuity mechanism. Consistent with the collaboration framework, AI inference is intended to serve as the site's primary value driver, with co-located bitcoin mining used to keep generated power productive whenever inference demand does not call on the site's full capacity.Power allocation across the two workloads would be managed by BlueFlare's proprietary BALA™ (BlueFlare Adaptive Load Architecture™) platform, a load-following control system that routes available power between AI inference and bitcoin mining in real time. The Company believes this approach will allow the facility to sustain high, continuous utilization of its on-site generation while supporting compliance with Alberta's natural gas conservation requirements - converting gas that would otherwise be flared into productive compute.The site is being designed for accelerated time-to-energization. Because the facility will generate its own power on-site and will connect to AI inference workloads over a wireless link enabled by BlueFlare's proprietary bandwidth-optimization technology, it is intended to be brought online without waiting for grid interconnection or fibre construction - two of the most common sources of delay in conventional data center development. Backup power is designed around cleaner-burning propane rather than the diesel generation typically deployed at data centers, an approach the parties believe reduces both the site's emissions profile and the amount of redundant fuel infrastructure required.The site is the first of two initial project sites identified under the MOU, which establishes BlueFlare as the Company's primary developer across Alberta, British Columbia and Saskatchewan for the origination, design, engineering, construction and ongoing support of HPC inference sites integrated with co-located bitcoin mining on a behind-the-meter basis. Each site is expected to be advanced under a separate site-specific Commercial Term Sheet and one or more associated definitive agreements addressing site-level economics, capacity, schedule, construction scope and operations. The parties' current discussions regarding the first site remain preliminary and non-binding, and any Commercial Term Sheet, and the principal commercial terms it would contain, remain subject to continued negotiation and the negotiation and execution of one or more definitive agreements. There can be no assurance that the parties will enter into any Commercial Term Sheet or definitive agreement, or that the site will be developed on the terms contemplated, or at all.About FingerMotion, Inc.FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. As the user base of its primary business continues to grow, the Company is developing additional value-added technologies to market to its users. The vision of the Company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the Company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets.For more information on FingerMotion, visit: https://fingermotion.com About BlueFlare Energy Solutions Inc.BlueFlare Energy Solutions Inc. is an Alberta-incorporated developer, engineer and constructor of behind-the-meter energy and high-performance compute infrastructure operating under the "From Wellhead to Workload" platform. BlueFlare originates, designs, builds and supports co-located natural gas generation, AI inference compute and bitcoin mining sites across Western Canada, integrated by its proprietary BALA™ (BlueFlare Adaptive Load Architecture™) load-following platform. BlueFlare is a subsidiary of BlueFlare Group Holdings Inc.Safe Harbor StatementExcept for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States securities laws. These statements relate to analysis and other information that are based on forecasts or future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". We have based these forward-looking statements on our current expectations about future events or performance. While we believe these expectations are reasonable, such forward-looking statements are inherently subject to risks and uncertainties, many of which are beyond our control. Our actual future results may differ materially from those discussed or implied in our forward-looking statements for various reasons. Factors that could contribute to such differences include, but are not limited to: international, national and local general economic and market conditions; demographic changes; the ability of the Company to sustain, manage or forecast its growth; the ability of the Company to manage its VIE contracts; the ability of the Company to maintain its relationships and licenses in China; adverse publicity; competition and changes in the Chinese telecommunications market; fluctuations and difficulty in forecasting operating results; business disruptions, such as technological failures and/or cybersecurity breaches; and the other factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. The forward-looking statements included in this release are made only as of the date hereof. For forward-looking statements in this news release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Report Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This news release shall not constitute an offer to sell or the solicitation of any offer to buy the Company's securities.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302023 Original: FingerMotion, Inc. and BlueFlare Energy Solutions in Advanced Discussions on First Site Under Western Canada Behind-the-Meter AI Compute Collaboration
US Market News
2週前
FingerMotion Enters Edge AI Inference Compute Market Through Strategic MOU with BlueFlare Energy Solutions; Plans to Proceed with First Behind-the-Meter Site (PR1) in Alberta Under Non-Binding Commercial Term SheetJune 9, 2026 7:00 AM
NewsfileInitial project to anchor a proposed distributed network of small-scale edge compute sites across Western Canada, orchestrated by BlueFlare's proprietary BALA(TM) (BlueFlare Adaptive Load Architecture(TM)) load-following platformSingapore, Singapore--(Newsfile Corp. - June 9, 2026) - FingerMotion, Inc. (NASDAQ: FNGR) ("FingerMotion" or the "Company"), a mobile services, data and technology company today announced that it has entered into a Memorandum of Understanding (the "MOU") with BlueFlare Energy Solutions Inc. ("BlueFlare"), an Alberta-based developer, engineer and constructor of behind-the-meter ("BTM") energy and high-performance compute infrastructure, to jointly develop a distributed network of micro-scale edge AI inference compute sites across Western Canada. In conjunction with the MOU, the Company and BlueFlare will also consider a non-binding Commercial Term Sheet (the "LOI"), with the first behind-the-meter project to be advanced under the collaboration, a site located in Alberta, Canada and designated PR1 (the "PR1 Project"). The draft non-binding LOI reflects the parties' agreement to proceed and has not been executed.A Distributed Edge AI Inference Network for Western CanadaThe MOU establishes BlueFlare as FingerMotion's exclusive partner within the Canadian provinces of Alberta, British Columbia and Saskatchewan for the origination, design, engineering, construction and ongoing support of co-located AI inference compute sites and bitcoin mining sites. The collaboration is built around BlueFlare's "From Wellhead to Workload" platform and its proprietary BALA™ (BlueFlare Adaptive Load Architecture™) load-following technology.FingerMotion intends to use the collaboration to build a distributed network of micro-scale edge AI inference compute sites, each typically in the 0.5 megawatt ("MW") to 2 MW range, sited directly behind the meter at producing or recently-producing natural gas fields in Western Canada. The Company believes that, compared to centralized hyperscale data centers, a distributed edge compute model may offer differentiated advantages across the following dimensions:Energy economics. Direct, BTM access to low-cost on-site natural gas, with electricity generated and consumed without traversing the transmission grid.Latency. Geographic proximity to regional users and devices, which is particularly relevant for AI inference workloads compared to bulk AI training.Speed of deployment. Standardized, containerized infrastructure designed for rapid build-out, in contrast to the multi-year build cycles typical of large-scale data centers.Capital efficiency. Modular site economics that the Company believes can be financed and replicated incrementally across the network.Resilience. A distributed footprint that is intended to reduce single-site concentration risk relative to centralized facilities.The Role of BlueFlare's BALA™ PlatformBALA™ (BlueFlare Adaptive Load Architecture™) is BlueFlare's proprietary load-following platform. It is designed to dynamically balance, at each site and in real time, AI inference compute workloads with co-located bitcoin mining loads, with the bitcoin mining load functioning as a load-balancing and gas-continuity mechanism rather than a primary use case.At a network level, BALA™ is designed to allow each site to:absorb available natural gas generation capacity at all times by flexing the bitcoin mining load up or down as inference compute demand varies;maintain steady operating temperatures and gas burn profiles regardless of compute load, supporting equipment longevity and emissions performance; andpreserve the economic case for the site even during periods of lower inference demand, by continuing to convert generated electricity into bitcoin mining revenue.FingerMotion believes that BALA™ is a key differentiator of the proposed network, as it is designed to make small-scale, distributed edge compute sites economically viable in a manner that traditional standalone designs have struggled to achieve.PR1 - First Project Under the CollaborationFingerMotion will look at the existing behind-the-meter Bitcoin mining infrastructure and mining hardware at the PR1 site, together with ongoing host-operated energy and operational services to be provided by BlueFlare, subject to satisfactory due diligence, the negotiation and execution of definitive agreements, and other customary closing conditions. Thus, the proposed scope of the LOI will include:Bitcoin Mining Infrastructure. A 1.0 MW air-cooled Bitcoin mining container (manufactured by TNDS), including container-level electrical distribution, busbar and power distribution, cooling, ventilation and environmental control systems.Mining Hardware. 120 active Bitmain Antminer S21 Pro 234T ASICs (supplied with a 5% dead-on-arrival buffer of 6 additional units, for 126 units delivered in total), representing aggregate nameplate hashrate of approximately 28.08 PH/s, intended to operate as the BALA™-managed load-balancing layer for the site.Behind-the-Meter Power Supply. BlueFlare to retain ownership of the on-site natural gas generation equipment and to deliver electricity behind-the-meter to the Company's hardware. The generation equipment is retained by BlueFlare and would not form part of any acquisition.Host-Operated Services. Energy supply, power-generation operations and maintenance, and 24/7 network operations centre (NOC) monitoring, provided by BlueFlare on a host-operated basis at a fixed, all-in rate of US$0.03 per kWh delivered for an initial three-year term, with a 3% annual escalation thereafter.First Inference Compute Build. Subsequent construction by BlueFlare of a 500 kW containerized AI inference compute data center adjacent to the existing infrastructure, which is intended to be the Company's first operational edge AI inference site under the collaboration.BlueFlare is expected to act as the developer, designer, engineer and construction partner for the inference compute build and the broader site integration, including the deployment of BALA™ across the natural gas generation, mining and inference compute layers.Network Build-Out StrategyPR1 is intended to serve as the prototype site for a broader rollout of distributed edge compute infrastructure across Alberta, British Columbia and Saskatchewan. Additional initial project sites currently under evaluation by the parties include two sites which are expected to be advanced under a separate Commercial Term Sheet and associated definitive agreement(s). The pace and scale of the network build-out will depend on a number of factors, including the successful completion of the PR1 Project, capital availability, site origination, regulatory approvals, and other customary considerations."This collaboration represents an important milestone in our strategy to establish a scalable presence in the rapidly growing AI inference infrastructure market," said Martin Shen, CEO of FingerMotion. "By collaborating with BlueFlare, we gain access to a highly differentiated platform that combines low-cost behind-the-meter energy, modular compute deployment, and proprietary load-balancing technology designed to maximize asset utilization. If successfully executed, this approach has the potential to accelerate our entry into the edge AI sector, improve capital efficiency, create new revenue opportunities, and enhance long-term shareholder value through exposure to one of the most dynamic segments of the digital infrastructure market." "Western Canada offers a rare combination of low-cost natural gas, mature energy infrastructure and a regulatory framework that supports BTM compute at scale," said Landon Ruszkowski, Chief Executive Officer of BlueFlare Energy Solutions Inc. "Our 'From Wellhead to Workload' platform is purpose-built for exactly this kind of distributed deployment, and BALA™ is what makes the per-site economics work. We are pleased to be working with FingerMotion as it plans to enter the Canadian edge compute market, and we believe the PR1 Project will demonstrate the model that the broader network is intended to scale."Important Information Regarding the MOU and LOIThe MOU and the anticipated LOI are non-binding (other than certain customary provisions of the MOU, including those relating to exclusivity, confidentiality, public disclosure, governing law and general provisions). Neither the MOU nor the LOI obligates either party to enter into any definitive agreement. The closing of the PR1 Project and any other transaction described in this press release is subject to, among other things, the negotiation and execution of definitive agreements, the completion of satisfactory due diligence, the receipt of any applicable regulatory or third-party approvals, and the satisfaction of other customary closing conditions. There can be no assurance that any such definitive agreement will be reached, that the PR1 Project or any other project described herein will be completed on the terms described or at all, or that the broader network build-out contemplated herein will proceed as currently anticipated.About FingerMotion, Inc.FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. As the user base of its primary business continues to grow, the Company is developing additional value-added technologies to market to its users. The vision of the Company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the Company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets.For more information on FingerMotion, visit: https://fingermotion.com About BlueFlare Energy Solutions Inc.BlueFlare Energy Solutions Inc. is an Alberta-incorporated developer, engineer and constructor of behind-the-meter energy and high-performance compute infrastructure operating under the "From Wellhead to Workload" platform. BlueFlare originates, designs, builds and supports co-located natural gas generation, AI inference compute and bitcoin mining sites across Western Canada, integrated by its proprietary BALA™ (BlueFlare Adaptive Load Architecture™) load-following platform. BlueFlare is a subsidiary of BlueFlare Group Holdings Inc.Safe Harbor StatementExcept for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States securities laws. These statements relate to analysis and other information that are based on forecasts or future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". We have based these forward-looking statements on our current expectations about future events or performance. While we believe these expectations are reasonable, such forward-looking statements are inherently subject to risks and uncertainties, many of which are beyond our control. Our actual future results may differ materially from those discussed or implied in our forward-looking statements for various reasons. Factors that could contribute to such differences include, but are not limited to: international, national and local general economic and market conditions; demographic changes; the ability of the Company to sustain, manage or forecast its growth; the ability of the Company to manage its VIE contracts; the ability of the Company to maintain its relationships and licenses in China; adverse publicity; competition and changes in the Chinese telecommunications market; fluctuations and difficulty in forecasting operating results; business disruptions, such as technological failures and/or cybersecurity breaches; and the other factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. The forward-looking statements included in this release are made only as of the date hereof. For forward-looking statements in this news release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Report Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This news release shall not constitute an offer to sell or the solicitation of any offer to buy the Company's securities.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300699 Original: FingerMotion Enters Edge AI Inference Compute Market Through Strategic MOU with BlueFlare Energy Solutions; Plans to Proceed with First Behind-the-Meter Site (PR1) in Alberta Under Non-Binding Commercial Term Sheet
US Market News
3週前
FingerMotion, Inc. and BlueFlare Energy Solutions Agree to Enter Into Memorandum of Understanding for Development of Behind-the-Meter AI Compute Infrastructure Across Western CanadaJune 4, 2026 7:00 AM
NewsfileContemplated MOU Would Establish BlueFlare as FingerMotion's Exclusive Development Partner Across Alberta, British Columbia and Saskatchewan; Two Initial Sites Identified for Evaluation; Strategy Aligns with Alberta's C$100 Billion Data Center Investment TargetSingapore, Singapore--(Newsfile Corp. - June 4, 2026) - FingerMotion, Inc. (NASDAQ: FNGR) ("FingerMotion" or the "Company"), a mobile services, data and technology company in the process of expanding into North American artificial intelligence ("AI") and high-performance computing ("HPC") infrastructure, today announced that it has agreed with BlueFlare Energy Solutions Inc. ("BlueFlare" or "BFE Solutions") to enter into a Memorandum of Understanding (the "MOU") regarding the development of behind-the-meter ("BTM") AI compute infrastructure across Western Canada. Under the contemplated MOU, BlueFlare would act as FingerMotion's primary development partner across the Canadian provinces of Alberta, British Columbia and Saskatchewan (the "Territory") for the origination, design, engineering, construction and ongoing support of HPC inference sites integrated with co-located bitcoin mining operations on a behind-the-meter basis.FingerMotion is pursuing a strategy of building modular, micro-scale AI and HPC compute capacity in North America through behind-the-meter natural gas-powered sites in Western Canada. The Company believes that the BTM natural gas model may offer a structurally differentiated path to deploying AI and HPC compute capacity by generating power on-site rather than drawing from the grid, and that this approach could provide greater control over energy costs and long-term power availability — factors the Company believes are increasingly critical to the economics of AI inference and HPC workloads. The contemplated collaboration with BlueFlare represents the foundational step in advancing this strategy through a regional development partner with established BTM operations in Western Canada.In evaluating potential BTM infrastructure development partners, FingerMotion considered candidates against three criteria: demonstrated operational experience with natural gas-powered generation in Western Canada, the stated capability to deploy modular HPC infrastructure on accelerated timelines, and a proprietary approach to intelligent load management. BlueFlare was identified as FingerMotion's preferred prospective partner based on its performance against these criteria, leading the parties to agree to enter into the contemplated MOU."The cooperation framework we are establishing with BlueFlare gives FingerMotion a credible Western Canadian foothold in the rapidly growing North American AI infrastructure market," said Martin Shen, Chief Executive Officer of FingerMotion. "Western Canada combines world-class natural gas resources, supportive policy frameworks, and BlueFlare's behind-the-meter development capability — a combination we believe is genuinely differentiated relative to grid-dependent data center development. The contemplated framework positions AI inference capacity as our primary value driver, with co-located bitcoin mining serving as a load-balancing and asset-utilization mechanism rather than a primary use case. We expect to advance toward definitive agreements and look forward to providing further updates as the relationship progresses."The contemplated MOU has been agreed by the parties in principle and, when executed, is intended to be substantially non-binding with respect to the principal commercial terms of the cooperation, which would remain subject to the negotiation and execution of one or more definitive agreements. Certain provisions of the MOU — including exclusivity, anti-circumvention, confidentiality, public-disclosure, governing-law and dispute-resolution provisions — would, however, be binding on the parties in accordance with their terms once executed. The principal terms of the contemplated cooperation are summarized below.Contemplated Scope of CooperationSubject to the negotiation and execution of one or more definitive agreements (each, a "Definitive Agreement"), BlueFlare would act as FingerMotion's primary development partner across the full project lifecycle. Anticipated workstreams under the contemplated MOU would include the following:Site Origination and Acquisition. Identification, qualification, negotiation, and leasing of land, power, gas and interconnection rights for HPC and co-located bitcoin mining sites within the Territory.Development Management. Project structuring, permitting, regulatory engagement, stakeholder coordination, and gas and power offtake structuring.Design and Engineering. Conceptual through detailed engineering for power generation, gas conditioning, electrical balance-of-plant, cooling, network and HPC white-space.EPC / EPCM Construction. Procurement and construction under either an engineering, procurement and construction ("EPC") or engineering, procurement and construction management ("EPCM") delivery model, as the parties may agree in each applicable Definitive Agreement.Commissioning and Operations. Commissioning, performance testing, and ongoing operations, maintenance and monitoring services for the energy, gas conditioning and HPC infrastructure layers.BALA™ Platform Deployment. Deployment of BlueFlare's BALA™ (BlueFlare Adaptive Load Architecture™) load-following platform for integrated AI inference and bitcoin mining load management.The contemplated cooperation framework treats the integration of legacy and continuing bitcoin mining operations at each site as a load-balancing and gas-continuity mechanism rather than a primary use case, consistent with BlueFlare's stated "From Wellhead to Workload" platform.Initial Project Sites Identified for EvaluationThe contemplated MOU references two initial project sites currently identified by BlueFlare for potential development on behalf of FingerMotion within the Territory. Each site is expected to be advanced under a separate site-specific Commercial Term Sheet and one or more associated Definitive Agreements, the terms of which would address site-level economics, capacity, schedule, construction scope, hosting structure, and applicable fee arrangements. The parties have agreed to use commercially reasonable efforts to negotiate and execute a Commercial Term Sheet in respect of at least one of the two initial sites within ninety (90) days following execution of the MOU. This 90-day milestone is aspirational and non-binding in nature, and a failure to meet it would not, of itself, constitute a breach of the contemplated MOU or a basis for termination. Neither party would be obligated under the contemplated MOU to enter into any Commercial Term Sheet or Definitive Agreement in respect of any site.Exclusivity and Other Binding ProvisionsThe contemplated MOU is structured to provide FingerMotion with a dedicated, single-source development partner across the Territory. Under the contemplated exclusivity arrangements — which are intended to be binding on FingerMotion once the MOU is executed — BlueFlare would serve as FingerMotion's sole and exclusive partner within Alberta, British Columbia and Saskatchewan for the origination, design, engineering, construction and ongoing support of HPC inference sites and co-located bitcoin mining infrastructure. The exclusivity commitment is subject to customary carve-outs, including for FingerMotion's pre-existing arrangements disclosed in writing to BlueFlare prior to execution of the MOU, and for FingerMotion's own internal development, evaluation and analysis activities. For the avoidance of doubt, the exclusivity commitment is non-reciprocal: BlueFlare would not be subject to a corresponding exclusivity obligation and may continue to pursue HPC and bitcoin mining infrastructure projects with other parties, including within the Territory, in its sole discretion. Why Western Canada. Why Behind-the-Meter Natural Gas.Western Canada — and Alberta in particular — combines abundant natural gas resources with policy frameworks the Company believes are supportive of behind-the-meter compute development. The Government of Alberta has established a target of attracting C$100 billion in data center investment by 2030, with policy specifically structured to incentivize developers to "bring their own power." The Company believes this framework positions behind-the-meter natural gas generation as a preferred infrastructure model for compute development in the province. Alberta produces in excess of 10.9 billion cubic feet of natural gas per day, with a growing portion of that production representing an addressable BTM power generation opportunity. The Company believes that pursuing a BTM natural gas compute strategy across Alberta, British Columbia and Saskatchewan — if successfully executed — could offer meaningful structural advantages relative to grid-dependent compute development in other jurisdictions. There can be no assurance, however, that the strategy will be successfully executed or that any particular commercial outcome will be achieved.About BlueFlare Energy Solutions Inc.BlueFlare Energy Solutions Inc. (also referred to as "BFE Solutions") is an Alberta-incorporated integrated developer, engineer and constructor of behind-the-meter energy and compute infrastructure in Western Canada, operating under its "From Wellhead to Workload" platform and its proprietary BALA™ (BlueFlare Adaptive Load Architecture™) load-following technology. BlueFlare originates, designs, constructs and supports digital-load infrastructure that co-locates high-performance compute inference capacity with legacy and continuing bitcoin mining loads used as a load-balancing and gas-continuity mechanism. BlueFlare is part of the BlueFlare Group Holdings Inc. corporate group.About FingerMotion, Inc.FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. As the user base of its primary business continues to grow, the Company is developing additional value-added technologies to market to its users. The vision of the Company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the Company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets.Company Contact:FingerMotion, Inc.
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US Market News
3週前
FingerMotion, Inc. Intends to Enter the Edge AI Inference Computing MarketJune 3, 2026 7:00 AM
NewsfileFingerMotion Plans AI Infrastructure Strategy with Modular Edge Data Center InitiativeSingapore, Singapore--(Newsfile Corp. - June 3, 2026) - FingerMotion, Inc. (NASDAQ: FNGR) ("FingerMotion" or the "Company"), a mobile services, data and technology company, today announced plans to expand its infrastructure strategy through the development of modular AI-focused edge computing facilities designed to support the growing demand for localized artificial intelligence processing and inference workloads.The initiative builds upon the Company's existing telecommunications and technology platform operations and represents a strategic extension of the Company's long-term infrastructure and data services roadmap. The Company believes the rapid adoption of AI is driving demand for localized, energy-efficient computing infrastructure that can process data closer to end users. Management emphasized that the Company's approach is focused on edge-based AI inference infrastructure rather than hyperscale cloud data center development."As AI adoption accelerates across industries, we believe demand for localized inference infrastructure will continue to grow," said Martin Shen, CEO of FingerMotion. "Our strategy is focused on developing scalable edge computing solutions that can be deployed efficiently and expanded as demand increases. Given our history of developing AI usage in our big data division, we view this initiative as a natural extension of our technology platform and a potential driver of long-term shareholder value."Targeting the Growing Edge AI Inference MarketThe Company believes AI inference demand is expected to accelerate significantly as businesses deploy AI-enabled applications across sectors including manufacturing, logistics, smart city systems, healthcare, transportation, and industrial automation.Unlike cloud AI facilities that require substantial capital investment and extended development timelines, the Company's intended infrastructure model is to utilize modular, self-contained AI compute units capable of incremental deployment based on customer demand and regional requirements. These self-contained AI computing units are expected to support distributed AI workloads requiring real-time or near real-time processing, particularly in environments where latency, bandwidth efficiency, and localized processing are critical.Modular Micro-Grid Powered InfrastructureThe Company's proposed infrastructure design incorporates modular data center architecture powered by localized micro-grid energy systems. The Company believes this approach may reduce deployment timelines while improving operational flexibility and energy efficiency.Management believes that traditional large-scale data center projects can require multiple years to complete due to permitting, construction, and utility infrastructure requirements. The proposed modular deployment strategy is intended to accelerate infrastructure availability and provide scalable expansion capabilities as demand increases.The Company expects its edge infrastructure initiative to complement its broader technology ecosystem while creating additional opportunities for recurring infrastructure-related revenue streams.About FingerMotion, Inc.FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. As the user base of its primary business continues to grow, the Company is developing additional value-added technologies to market to its users. The vision of the Company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the Company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets.For more information on FingerMotion, visit: https://fingermotion.com Company Contact:FingerMotion, Inc.
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US Market News
3週前
FingerMotion Announces Strategic Evolution Toward Diversified Growth FrameworkJune 2, 2026 7:00 AM
NewsfileNew strategic direction focused on business diversification, geographic expansion, and evaluation of growth opportunities in emerging technology sectorsSingapore, Singapore--(Newsfile Corp. - June 2, 2026) - FingerMotion, Inc. (NASDAQ: FNGR) ("FingerMotion" or the "Company"), a mobile services, data and technology company, today announced a strategic evolution of its corporate direction designed to position the Company for long-term growth through diversification, international expansion, and emerging technology initiatives.Management has outlined a long-term strategic direction to evolve toward a more diversified corporate growth platform, with implementation activities intended to be progressively phased in over future fiscal periods. As market conditions and capital allocation priorities evolve, the Company continues to view its telecommunications, platform, and technology businesses as foundational and expects to strengthen these areas through initiatives aimed at improving efficiency, streamlining operations, and enhancing operating performance.As part of its broader strategy, FingerMotion is evaluating a range of potential future growth opportunities, including possible participation in artificial intelligence and high-performance computing (AI-HPC) related sectors. Any such initiatives would be considered alongside other strategic opportunities that management believes may support long-term shareholder value creation. As of the date of this announcement, the Company has not entered into any definitive agreements related to such initiatives.The Company also intends to continue evaluating opportunities that align with its objective of generating diversified revenue streams, including pursuing opportunities designed to derive increasing portions of future revenue from markets outside Asia. The Company believes expanding its geographic reach may create additional opportunities to diversify operational exposure, broaden strategic partnerships, and access emerging technology markets globally."We are excited about the evolution of FingerMotion's long-term strategy and the opportunities we believe it can create for our shareholders," said Martin Shen, Chief Executive Officer of FingerMotion. "Importantly, we remain fully committed to our current operating businesses and will continue working to grow and strengthen those operations to the best of our ability. At the same time, we believe it is prudent to evaluate additional opportunities that may complement our existing business portfolio and support long-term shareholder value. This may include selective participation in emerging sectors such as AI and high-performance computing infrastructure where we believe long-term demand trends could create attractive opportunities. We also believe expanding beyond our traditional regional focus may provide new avenues for growth and diversification over time."The Company emphasized that these strategic initiatives remain subject to ongoing evaluation, market conditions, financing availability, and regulatory considerations. There can be no assurance that any contemplated transactions, or expansion initiatives will be completed.About FingerMotion, Inc.FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. As the user base of its primary business continues to grow, the Company is developing additional value-added technologies to market to its users. The vision of the Company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the Company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets.For more information on FingerMotion, visit: https://fingermotion.com/Company Contact:
FingerMotion, Inc.
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US Market News
4週前
FingerMotion Reports FY 2026 Financial ResultsMay 29, 2026 5:07 PM
NewsfileSingapore, Singapore--(Newsfile Corp. - May 29, 2026) - FingerMotion Inc. (NASDAQ: FNGR) ("FingerMotion" or the "Company"), a mobile services, data and technology company, is pleased to report its financial results for the year ended February 28, 2026. To review the full financial results, please view the Company's recent 10-K filing at www.sec.gov/edgar/search, which should be read in connection with this news release.FY 2026 Financial Summary (results expressed in US$ unless otherwise indicated):Reported annual revenue of $24.13 million, compared to $35.61 million in FY 2026 which was a decrease of $11.48 million or 32% compared to FY 2025. Primarily due to the Telecommunications Products & Services business segment;Reported Telecommunications Products and Services revenue of $23.94 million in FY 2026, compared to approximately $35.23 million in FY 2025 which was a decrease of $11.46 million or 32% compared to FY 2025;Reported Marketplace Platform and Digital Commerce Infrastructure Solutions revenue of $25,037 in FY 2026, compared to $80,952 which was a decrease of 69% from FY 2025;Reported Advanced Technology and Platform Solutions revenue of $141,886 in FY 2026, compared to $188,576 in FY 2025 which was a decrease of 25% compared to FY 2025;Reported Data and Analytics Platform Solutions revenue of $27,780 in FY 2026, which was an increase of $85,989 or 148% compared to FY2025. Reported annual cost of revenue of $23.44 million in FY 2026 compared to $32.84 million in FY 2025 which was a decrease of $9.41 million or 29%; Reported gross profit of $693,845, compared to $2.76 million in FY 2025 which was a decrease of $2.07 million or 75% compared to FY 2025;Reported operating expenses of $7.63 million in FY 2026, compared to $8.71 million in FY 2025 which was a decrease of $1.08 million or 12% compared to FY 2025; Reported annual loss of $7.0 million compared to $5.11 million in FY 2025 which was an increase of $1.88 million or 37% compared to FY 2025;Basic and Diluted loss per share of $0.12;At February 28, 2026, FingerMotion had $68,596 in cash, a working capital surplus of $6.09 million and a positive shareholders equity of $15.15 million;Total Assets were $60.85 million, Total Liabilities were $45.70 million; and Total Shareholder's Equity were $15.15 million 61,281,308 common shares were issued and outstanding as of May 26, 2026."Fiscal 2026 presented both opportunities and challenges," said Martin Shen, CEO of FingerMotion, "as we continued investing in our business while responding to changes in operating conditions. Our priority remains strengthening our core telecommunications operations while continuing to develop our marketplace platforms, data analytics capabilities, and technology initiatives in a disciplined manner. We remain focused on improving operational efficiency, strengthening execution across our businesses, and allocating capital carefully. While China continues to be an important market for the Company, we are also evaluating opportunities in selected international markets as part of our strategy to broaden our business footprint and diversify future growth opportunities. Our objective is to continue building a stronger and more diversified business portfolio while creating long-term value for our shareholders."During fiscal 2026, transaction activity in the Company's core telecommunications business declined, which contributed to lower revenue and gross profit for the year. At the same time, management continued to reduce operating expenses and selectively support commercialization and development efforts across its Marketplace Platform, Sapientus, and C2 initiatives.General and administrative expenses decreased by $1,396,351 or 22% during the year which was primarily attributable to lower salaries and wages, traveling, entertainment, accounting, consulting, and other miscellaneous expenses. Marketing costs decreased $193,061 or 70% resulting from reduced marketing and promotional activities due to cost controls and lower levels of liquidity. Research and development expenses decreased by $220,842 or 35% due to decreased personnel-related costs. About FingerMotion, Inc.FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. As the user base of its primary business continues to grow, the Company is developing additional value-added technologies to market to its users. The vision of the Company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the Company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets.For more information on FingerMotion, visit: https://fingermotion.com Company Contact:FingerMotion, Inc.
For further information e-mail:
Hummingbird2
3月前
Nixxy Signs Infrastructure Services Contract with Telforge, Inc. to Manage an Estimated $60,000,000 in Telecommunications Traffic
March 19 2026 - 9:00AM
ACCESS Newswire
NEW YORK, NY / ACCESS Newswire / March 19, 2026 / Nixxy, Inc. (NASDAQ:NIXX) ("Nixxy" or the "Company"), an AI infrastructure company advancing telecom and fintech convergence, today announced the signing of an infrastructure services agreement with Telforge, Inc, a wholly owned subsidiary of FingerMotion, Inc. (NASDAQ:FNGR).
The twelve-month contract is for Nixxy to potentially manage up to $60,000,000 of FingerMotion's 2026 revenues through FNGR's new subsidiary, Telforge, Inc., an acquisition that was signed on March 18, 2026. As part of the engagement, Nixxy will provide the backend operational support, focused on strong commercial outcomes for wholesale voice performance, switch and routing management, wholesale rate negotiations, settlement reconciliation and third-party invoice validation. All traffic will be run on Telforge's internal switching platform which will be scaled to the same traffic levels of Nixxy over the term of the contract.
Under the agreement, Nixxy will receive a fixed monthly service fee. In addition, the Company expects the engagement to generate an estimated incremental operational benefit of approximately $20,000 per month to its existing telecom business, driven by enhanced routing performance and related operating efficiencies.
Mike Schmidt, CEO of Nixxy, Inc. stated "this services agreement proves the robust nature of Nixxy's software and ability to outsource its infrastructure to other global companies who desire efficiencies and access to our data services. It also adds recurring services revenue, supports further scale in our wholesale operations, and is aligned with our focus on building a more efficient, higher-performing communications infrastructure business."
Martin Shen, CEO of FingerMotion, states "by combining Nixxy's seasoned operations with the Telforge team and adding Telforge's US customer base to our access to customers in Asia, we are positioned to grow our telecom division to significant revenue milestones in 2026. Nixxy's alignment with FingerMotion allows us to achieve this without additional capital and high operating costs, which should result in a win-win for both parties."
About FingerMotion, Inc.
FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. As the user base of its primary business continues to grow, the Company is developing additional value-added technologies to market to its users. The vision of the Company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the Company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets.
About Nixxy, Inc. (NASDAQ:NIXX) is a communications and data infrastructure company focused on scaling carrier-grade telecom rails spanning messaging, voice, and automation-enabled workflows. The Company is focused on executing disciplined growth across communications and adjacent ecosystems where infrastructure, identity, and transaction workflows converge.
Filings and press releases can be found at https://nixxy.com/investor-relations
Contact Information:
Investor Contact: Nixxy, Inc.
Investor Relations Email: IR@nixxy.com
Phone: (877) 708-8868
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected benefits, integration outcomes, commercialization, revenue opportunities, margin impacts, customer adoption, and future plans related to the partnership. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially, including but not limited to: integration and implementation risks, customer demand and adoption, regulatory and compliance requirements, competitive dynamics, operational execution, and other risks described in the Company's filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date made, and the Company undertakes no obligation to update these statements except as required by law.
SOURCE: Nixxy, Inc.
View the original press release on ACCESS Newswire
https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/nixxy-signs-infrastructure-services-contract-with-telforge-inc.-t-1149189
$FNGR
US Market News
3月前
FingerMotion Signs Agreement to Acquire Telforge, IncMarch 18, 2026 9:15 AM
NewsfileSingapore, Singapore--(Newsfile Corp. - March 18, 2026) - FingerMotion, Inc. (NASDAQ: FNGR) ("FingerMotion" or the "Company"), a mobile services, data and technology company, is pleased to announce that it has entered into a share exchange agreement (the "Share Exchange Agreement") with Telforge, Inc. ("Telforge"), a Nevada corporation, and the shareholders of Telforge (the "Shareholders"). Telforge is a voice and messaging telecom service provider offering cloud-based voice, messaging, and unified communications solutions. Pursuant to the Share Exchange Agreement, the Shareholders have agreed to exchange all of their outstanding shares of Telforge in exchange for up to 7,333,333 shares of FingerMotion, subject to the terms and conditions of the Share Exchange Agreement. Subject to the closing conditions being satisfied or waived by the respective parties, at closing the Company shall issue the Shareholders on a pro rata basis and aggregate of 7,333,333 shares of common stock, of which 2,333,333 shares of common stock (the "Closing Shares") will be released to the Shareholders, and 5,000,000 shares of common stock (the "Milestone Shares") will be placed in escrow pursuant to an escrow agreement in form and substance to be agreed upon by the Company and Telforge, and shall not be released from escrow until they are earned as a result of the achievement of certain Cumulative Revenue and Secured Contract Value (each as defined in the Share Exchange Agreement) over two earnout periods with the first being three months following closing and the second being six months following closing. If the Cumulative Revenue plus Secured Contract Value for the first earnout period is equal to or greater than $2,500,000, the Shareholders shall have earned 2,000,000 Milestone Shares. If the Cumulative Revenue plus Secured Contract Value for the second earnout period is equal to or greater than $5,000,000, the Shareholders will have earned 3,000,000 Milestone Shares. Any Milestone Shares that are not earned on or before the expiration of the applicable earnout period shall be automatically forfeited and cancelled.Upon closing the Closing Shares and Milestone Shares will be issued pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), and applicable state securities laws, and will be issued as "restricted securities" as such term is defined under Rule 144(a)(3) under the Securities Act. Pursuant to the Share Exchange Agreement, the Company has agreed to provide registration rights for the Closing Shares and Milestone Shares as set forth therein.This acquisition aligns with the Company's strategic roadmap, which focuses on geographical expansion, selective acquisitions in telecommunications and infrastructure technologies, as well as the development of analytics, mobility, enterprise digitalization, and smart infrastructure solutions."The acquisition of Telforge would provide FingerMotion with the ability to manage and run tens of millions of minutes monthly - telecommunications, voice, SMS and data messages and calls - via its proprietary switching platform. Upon closing this acquisition we expect to be able to scale and significantly grow annualized revenues without having to add hardware and capital costs. This would also supplement our existing business by giving us a U.S. based operating model," said Martin Shen, CEO.Telforge's cloud-based voice, messaging, and unified communications solutions would expand the Company's overall service portfolio and enhance its ability to serve customers across broader geographic markets, while operating as a complementary business within the Company's structure.Additional details regarding the transaction will be set out in the Company's Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission through EDGAR in the very near future.About FingerMotion, Inc.FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. As the user base of its primary business continues to grow, the Company is developing additional value-added technologies to market to its users. The vision of the Company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the Company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets.For more information on FingerMotion, visit: https://fingermotion.com/Company Contact:
FingerMotion, Inc.
For further information e-mail:
Hummingbird2
3月前
FingerMotion Signs Agreement to Acquire Telforge, Inc
March 18 2026 - 9:15AM
Singapore, Singapore--(Newsfile Corp. - March 18, 2026) - FingerMotion, Inc. (NASDAQ: FNGR) ("FingerMotion" or the "Company"), a mobile services, data and technology company, is pleased to announce that it has entered into a share exchange agreement (the "Share Exchange Agreement") with Telforge, Inc. ("Telforge"), a Nevada corporation, and the shareholders of Telforge (the "Shareholders"). Telforge is a voice and messaging telecom service provider offering cloud-based voice, messaging, and unified communications solutions.
Pursuant to the Share Exchange Agreement, the Shareholders have agreed to exchange all of their outstanding shares of Telforge in exchange for up to 7,333,333 shares of FingerMotion, subject to the terms and conditions of the Share Exchange Agreement. Subject to the closing conditions being satisfied or waived by the respective parties, at closing the Company shall issue the Shareholders on a pro rata basis and aggregate of 7,333,333 shares of common stock, of which 2,333,333 shares of common stock (the "Closing Shares") will be released to the Shareholders, and 5,000,000 shares of common stock (the "Milestone Shares") will be placed in escrow pursuant to an escrow agreement in form and substance to be agreed upon by the Company and Telforge, and shall not be released from escrow until they are earned as a result of the achievement of certain Cumulative Revenue and Secured Contract Value (each as defined in the Share Exchange Agreement) over two earnout periods with the first being three months following closing and the second being six months following closing. If the Cumulative Revenue plus Secured Contract Value for the first earnout period is equal to or greater than $2,500,000, the Shareholders shall have earned 2,000,000 Milestone Shares. If the Cumulative Revenue plus Secured Contract Value for the second earnout period is equal to or greater than $5,000,000, the Shareholders will have earned 3,000,000 Milestone Shares. Any Milestone Shares that are not earned on or before the expiration of the applicable earnout period shall be automatically forfeited and cancelled.
Upon closing the Closing Shares and Milestone Shares will be issued pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), and applicable state securities laws, and will be issued as "restricted securities" as such term is defined under Rule 144(a)(3) under the Securities Act. Pursuant to the Share Exchange Agreement, the Company has agreed to provide registration rights for the Closing Shares and Milestone Shares as set forth therein.
This acquisition aligns with the Company's strategic roadmap, which focuses on geographical expansion, selective acquisitions in telecommunications and infrastructure technologies, as well as the development of analytics, mobility, enterprise digitalization, and smart infrastructure solutions.
"The acquisition of Telforge would provide FingerMotion with the ability to manage and run tens of millions of minutes monthly - telecommunications, voice, SMS and data messages and calls - via its proprietary switching platform. Upon closing this acquisition we expect to be able to scale and significantly grow annualized revenues without having to add hardware and capital costs. This would also supplement our existing business by giving us a U.S. based operating model," said Martin Shen, CEO.
Telforge's cloud-based voice, messaging, and unified communications solutions would expand the Company's overall service portfolio and enhance its ability to serve customers across broader geographic markets, while operating as a complementary business within the Company's structure.
Additional details regarding the transaction will be set out in the Company's Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission through EDGAR in the very near future.
About FingerMotion, Inc.
FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. As the user base of its primary business continues to grow, the Company is developing additional value-added technologies to market to its users. The vision of the Company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the Company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets.
For more information on FingerMotion, visit: https://fingermotion.com/
Company Contact:
FingerMotion, Inc.
For further information e-mail: info@fingermotion.com
Phone: 718-269-3366
Safe Harbor Statement
Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States securities laws. These statements relate to analysis and other information that are based on forecasts or future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". We have based these forward-looking statements on our current expectations about future events or performance. While we believe these expectations are reasonable, such forward-looking statements are inherently subject to risks and uncertainties, many of which are beyond our control. Our actual future results may differ materially from those discussed or implied in our forward-looking statements for various reasons. Factors that could contribute to such differences include, but are not limited to: international, national and local general economic and market conditions; demographic changes; the ability of the Company to sustain, manage or forecast its growth; the ability of the Company to manage its VIE contracts; the ability of the Company to maintain its relationships and licenses in China; adverse publicity; competition and changes in the Chinese telecommunications market; fluctuations and difficulty in forecasting operating results; business disruptions, such as technological failures and/or cybersecurity breaches; and the other factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. The forward-looking statements included in this release are made only as of the date hereof. For forward-looking statements in this news release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This news release shall not constitute an offer to sell or the solicitation of any offer to buy our securities.
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$FNGR