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MICT Moves Core Operations to Hong Kong to Better Reflect Customer and Revenue Base
MICT, Inc.January 7, 2021 GMT
MONTVALE, N.J., Jan. 07, 2021 (GLOBE NEWSWIRE) -- MICT, Inc. (Nasdaq: MICT) (“MICT” or the “Company”) today announces it has moved its core operations to Hong Kong to more efficiently serve its Asian clientele through its recently launched proprietary insurance platform as well as the anticipated stock trading platform expected to launch shortly.
“Having launched and commenced revenue generation at the end of 2020, our insurance platform is off to a promising start in 2021 and is growing in line with our expectations. With that successfully underway, we are in final preparations to launch our stock trading platform, which we expect to occur during the first quarter,” commented MICT’s CEO Darren Mercer. “At this exciting stage of development for the Company, now is the appropriate time for us to complete the move of our core operations to Hong Kong, which will provide enhanced, unfettered and timely access to our client base. We have already established our offices there and our financial and corporate functions are up and running. We believe this new location will allow us to best service our clients efficiently and in real time.”