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From: SunTzu772 (Rep: 1068) reply to SunTzu772Date: 07/10/2018 12:43
Forum: CLPS Inc. - Msg #27Thread #674015501 (Rec: 1)
12.80 next AGMH EFUT? CLPS Incorporation Announces Partnership with GloBird Energy Pty Ltd for Mobile Payments in Australia
1.3m float
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Shanghai, China, July 09, 2018 (GLOBE NEWSWIRE) -- CLPS Incorporation (the "Company" or Nasdaq: CLPS), a leading information technology consulting and solutions service provider focusing on the banking, insurance and financial sectors in China and globally, today announced that it has reached an agreement with GloBird Energy Pty. Ltd. (“GloBird Energy”), a competitive cost energy provider in Australia, to establish a QR Code based billing service using the Q-Bill product to facilitate utility payments.
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In an effort to provide an efficient cash free payment system, CLPS and SuperPay, a widely used cross border payment brand in Australia, jointly launched Q-Bill, a QR-Code based payment system. The Company, through its consolidated subsidiary, CLPS Technology (Australia) Pty. Ltd., signed a service agreement with GloBird Energy dated June 13, 2018, pursuant to which the Company will use Q-Bill to provide a QR Code billing for utility payments to GloBird Energy. Q-Bill will generate QR Codes for GloBird clients which can be scanned for mobile payments through widely adopted platforms, including Alipay and WeChat Pay. GloBird will be able to review and download the transaction data from a web portal.
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Mr. Raymond Lin, Co-Founder and Chief Executive Officer of CLPS Incorporation, commented: “In recent years China has become a global leader implementing “cash-free” payment systems. CLPS brings its long history of expertise in payment systems to Australia as we offer an attractive alternative to cash payments with Q-Bill. This innovative product is attractive to GloBird Energy’s customers, as they can now leave their wallets behind and easily pay their utility bills with their phone, while GloBird Energy benefits from convenient access to transaction history.”
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Mr. Lin concluded: “We are excited to see further adoption of Q-Bill as CLPS continues to offer solutions that are practical, efficient, and features cutting edge technology.”
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About CLPS Incorporation
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Headquartered in Shanghai, China, CLPS Incorporation (the "Company") (Nasdaq: CLPS) is a global leading information technology (“IT”), consulting and solutions service provider focusing on the banking, insurance and financial sectors. The Company serves as an IT solutions provider to a growing network of clients in the global financial industry, including large financial institutions in the US, Europe, Australia and Hong Kong and their PRC-based IT centers. The Company maintains eleven delivery and/or research & development centers to serve different customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Chengdu, Guangzhou and Shenzhen. The remaining four global centers are located in Hong Kong, Taiwan, Singapore and Australia. For further information regarding the Company, please visit: http://ir.clpsglobal.com/.
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About GloBird Energy Pty. Ltd.
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Established in 2014, headquartered in Mitcham, Australia, GloBird Energy Pty. Ltd. is a budget electricity company offering Victorian energy users more choice and better value. GloBird Energy Pty. Ltd. tailors its energy solutions to the needs of both the residential and commercial sectors. Compare electricity plans and save big on your next bill. For further information regarding the GloBird Energy Pty. Ltd., please visit: https://www.globirdenergy.com.au/


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https://globenewswire.com/news-release/2018/07/09/1534533/0/en/CLPS-Incorporation-Announces-Partnership-with-GloBird-Energy-Pty-Ltd-for-Mobile-Payments-in-Australia.html



------------------- "Opportunities multiply as they are seized" -- Sun Tzu circa 500 B.C. -------------------



Reply to SunTzu772 - Msg #23 - 06/20/2018 09:38

Re: 14.50 CLPS Incorporation Releases Chairman's Letter to the Company's Shareholders

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GlobeNewswire • June 20, 2018



































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Shanghai, China, June 20, 2018 (GLOBE NEWSWIRE) -- CLPS Incorporation (the "Company", “CLPS”, or Nasdaq: CLPS), a leading information technology (“IT”) consulting and solutions service provider focusing on the banking, insurance and financial sectors in China and globally, today released a letter to shareholders from the Chairman of the Company's Board of Directors, the full text of which is provided below. All CLPS shareholders are encouraged to read it.
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Dear Shareholders,
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So far, this year has been extraordinary for our Company. In May 2018, we completed our initial public offering and listing of our securities on the Nasdaq Stock Market in the United States, marking a new era for CLPS Incorporation as a US-listed public company. Following this success, CLPS will continue to serve its existing client base and partners in the financial sector. The Company will also work on enhancing its original financial technology service offerings to expand to international markets, serve international customers, and provide innovative solutions and products to support more world-class technology customers. The successful listing of the Company’s securities on Nasdaq is a new beginning for our Company. CLPS will continue to rely on its strength and corporate strategy to develop, improve, innovate and expand to strengthen the Company and enhance shareholder value.
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The financial IT services market continues to grow and expand in China and globally. The demand for these services is fueled by China’s economic growth and the need for continuous upgrade and maintenance of financial information technology. While the demand for financial IT services has increased, the availability of human capital to supply these services remains constrained. Financial institutions require in-depth understanding and knowledge of business processes driven and supported by IT. At the same time, large-scale institutions require highly trained personnel on a cost competitive basis to alleviate shortages of qualified personnel. We strive to meet this demand through and by means of our platform, the CLPS College, which recruits, trains, develops and retains employees. We have collaborated with more than 100 universities to leverage technical curriculum and provide professional certifications and we have developed a deep pool of talent to support complex IT projects. Our training programs provide industry expertise with up to date financial domain knowledge, technical development and skills in advanced programming languages and solutions. More than 70% of our personnel are dedicated to serving foreign financial institution clients. We have broad geographic reach to support customers. Currently, we have over 1600 IT professional staff in 11 offices.
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Going forward, we intend to pursue the following objectives:
•Revenue growth - We intend to continue to grow revenue from both existing Chinese and global clients as well as target new Chinese and global clients, using our comprehensive service and solution offerings and deep domain expertise in the financial industry. Furthermore, we intend to continue to invest in a delivery platform that benefits both Chinese and global clients, capturing synergies between the Chinese and global markets to benefit both groups of clients. As part of these efforts, we intend to hire a U.S. based senior executive to head a wholly owned U.S. subsidiary to expand our business in North America before the end of the calendar year.
•Continuous Research and Development - We also intend to deepen our domain knowledge in the financial industry and relevant business-specific processes. As we continue to invest in research and development, we will focus on solutions that leverage our industry expertise to combine proprietary applications with industry and client specific needs.
•Investment in the Training and Development of Human Capital - We view our human capital base as an important competitive advantage. Our Talent Creation Program and Talent Development Program ensure our sustainable supply of financial IT talent resources. We intend to build on and leverage existing training programs and the CLPS College, to expand to other key cities and other industries (e.g., insurance), to tap deeper into CLPS’s talent pool. We expect to open additional training centers overseas to accommodate future demand for our services and solutions overseas.
•Improved Operational Efficiency - We anticipate developing operating efficiencies by leveraging historical and ongoing investments in infrastructure, research and development and human capital. Our business operates on a single, integrated platform, which allows for economies of scale across our business. We expect to continue to invest in our IT infrastructure as well as more advanced technologies, such as cloud computing, to enhance our scalability and increase efficiencies. We also expect our human capital initiatives to increase efficiencies in human capital allocation, increasing overall productivity.
•Strategic Alliances and Acquisitions - We intend to continue our pursuits of strategic alliances and acquisitions to enhance our industry-specific technology and service delivery capabilities by building on our track record of successfully acquiring and integrating targeted companies. In that respect, we intend to continue to identify and assess opportunities to enhance our abilities to serve our clients, with a particular focus on enhancing our technology capabilities, deepening our penetration into key clients, expanding our portfolio of service offerings and expanding our operations geographically.

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As stated above, our recently completed IPO and Nasdaq listing provide a firm foundation for the Company’s future growth and value creation. We intend to deliver and execute upon our business objectives.

On behalf of the Company’s management team, I wish to express my deep appreciation and gratitude for your support and confidence in the Company.
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With sincerity and determination,

Xiao Feng Yang
Chairman, President
CLPS Incorporation


https://finance.yahoo.com/news/clps-incorporation-releases-chairmans-letter-113000856.html

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https://finance.yahoo.com/news/clps-incorporation-announces-full-exercise-150118091.html
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CLPS - Blockchain Solution - potential next AGMH EFUT on deck.
EFUT years back with nearly identical biz model ran $5-$50 with negative eps.
China IT with groundbreaking blockchain tech.
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6.70 a/h => Smashing through IPO high on record volume and still mostly off radar.
Major Chinese banks are all implementing this new technology..1.3m float and profitable.
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Technologies such as blockchain and big data are only just starting to disrupt banking and financial services in general.

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http://www.clpsglobal.com/solution-services/blockchain-solution/

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1.3m float China IT $5.25 IPO .19 eps $2m profit $31m revs

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CLPS Inc is an information technology consulting and solutions service provider focused on delivering services to global institutions in banking, insurance, and financial sectors, both in China and globally. Its products are Risk Control Platform, Transaction Acquiring Platform, Debt Collection Platform, Virtual Bank Training Platform, Credit Card System and other related products. The company generates its revenue from Fintech IT consulting service, Customized IT solution service and other. Generating a majority of its revenue from the Fintech IT consulting service.
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https://finviz.com/quote.ashx?t=CLPS
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https://www.sec.gov/Archives/edgar/data/1724542/000121390018007070/f6k052918ex99-1_clpsincorp.htm

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http://www.clpsglobal.com/
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