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TAOP Reports Fiscal Year 2020 Financial Results and Provides Guidance for FY2021

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
TAOP Reports Fiscal Year 2020 Financial Results and Provides Guidance for FY2021
Taoping Inc.April 30, 2021 GMT
SHENZHEN, China, April 30, 2021 (GLOBE NEWSWIRE) Taoping Inc. (NASDAQ: TAOP), a provider of Internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, today announced its financial results for the year ended December 31, 2020.
Revenue was $11.0 million for the year ended December 31, 2020, a decrease of $2.8 million, compared to $13.8 million for the year ended December 31, 2019. Revenue was $7.3 million for the second half year of 2020, an increase of $3.6 million or 96% from $3.7 million for the first half year of 2020, and an increase of $0.6 million or 9% from $6.7 million for the second half year of 2019. The decrease in revenue in 2020 from 2019 was primarily due to the negative impact of the COV ....

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Beroni Group Limited SARS-CoV-2 Antigen Test Kit Received Export Permit

Sydney, Australia – Beroni Group an Australia-based diversified biopharmaceutical enterprise today announced that it has received the notification that its SARS-CoV-2 Antigen Test Kit is granted authorization for export. As announced in December 2020, Beroni Group’s SARS-CoV-2 Antigen Test Kit has received the CE certification for distribution to the EU markets. This test kit requires no blood, and only a …
Sydney, Australia (ABN Newswire) – Beroni Group (OTCMKTS:BNIGF) (NSX:BTG), an Australia-based diversified biopharmaceutical enterprise today announced that it has received the notification that its SARS-CoV-2 Antigen Test Kit (Colloidal Gold Method) is granted authorization for export.
As announced in December 2020, Beroni Group’s SARS-CoV-2 Antigen Test Kit (Colloidal Gold Method) has received the CE certification for distribution to the EU markets. This test kit requires no blood, and only a nasopharyngeal swab is needed to collect samples. It can also de ....

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BOQI International Medical Announces Receipt of $1.7 Million from Closing of the Sale of One of ...

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
BOQI International Medical Announces Receipt of $1.7 Million from Closing of the Sale of One of .
BOQI International Medical, Inc.February 5, 2021 GMT
NEW YORK, Feb. 05, 2021 (GLOBE NEWSWIRE) BOQI International Medical Inc. (NASDAQ: BIMI) (“BIMI” or the “Company”) today announced the closing of the previously announced sale of its BOQI Zhengji Pharmacy Chain (“Zhengji Pharmacy”). The transaction closed on February 2, 2021, at which time the Company received the agreed upon consideration of US$ 1,700,000.
“Selling the underperforming Zhengji Pharmacy business allows us to reduce operating costs and optimize our business structure,” said Mr. Tiewei Song, Chief Executive Officer and President of the Company. “BIMI is now concentrating on the southwest market with 62,000 new pharmacy members enrolling in the fourth quarter of 2020. We believe our strategy ....

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Beroni Group Limited Acquires Majority Interest in Anti-Cancer Drug Development Company

Sydney, Australia – Beroni Group an Australia-based diversified biopharmaceutical enterprise today announces that it has completed its majority acquisition of the Sydney-based anticancer drug development company, PENAO Pty Ltd. As a result of this acquisition, Beroni now owns 60% of PENAO Pty Ltd’s shares. PENAO Pty Ltd was incorporated in 2019 and enjoys the support of the University of New South Wales, Sydney, …
Sydney, Australia (ABN Newswire) – Beroni Group (OTCMKTS:BNIGF) (NSX:BTG), an Australia-based diversified biopharmaceutical enterprise today announces that it has completed its majority acquisition of the Sydney-based anticancer drug development company, PENAO Pty Ltd. As a result of this acquisition, Beroni now owns 60% of PENAO Pty Ltd’s shares. ....

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BOQI International Medical Inc. to Sell One of Its Pharmacy Chain

BOQI International Medical Inc. to Sell One of Its Pharmacy Chain
BOQI International Medical Inc. to Sell One of Its Pharmacy Chain
New York, Dec. 14, 2020 BOQI International Medical Inc. (NASDAQ: BIMI) (“BIMI” or the “Company”) today announced that it has signed definitive agreements to sell BOQI Zhengji Pharmacy Chain Co., Ltd. (“Zhengji Pharmacy”), the owner and operator of 16 pharmacies in the city of Dalian of China.
On December 11, 2020, BIMI and its subsidiaries entered into a Termination and Release Agreement (the “Release Agreement”) with four individuals who sold Zhengji Pharmacy to the Company. The parties to the Release Agreement confirmed that Zhengji Pharmacy’s performance targets as stipulated in the Stock Purchase Agreement dated April 11, 2019 (as amended on February 6, 2020, the “Pharmacy Purchase Agreement”) will not be met, and therefore the Pharmacy Sellers will not be eligible to receive the Cash Consideration or any othe ....

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