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A Statement from Bruno Wu, Chairman and CEO of Seven Stars Cloud Group, Inc. on the Company's plans to purchase the former University of Connecticut Branch Campus for our Global Headquarters for Technology and Innovation

WEST HARTFORD, Conn., July 20, 2018 /PRNewswire/ -- "Now that the town of West Hartford has declined its right of first refusal to buy the site of the former University of Connecticut branch campus on Asylum Avenue, we are excited to move forward with our plans to purchase the 58-acre site, remediate it and transform it into our world-class Global Headquarters for Technology and Innovation. By converting the campus into Chain Valley for Seven Stars Cloud Group, Inc., we expect to bring 330 well-paying jobs to West Hartford and invest $283 million in the site – we are energized to soon become part of this thriving community. We look forward to quickly getting down to work with the good people of West Hartford to ensure this will be a project of which everyone can be proud." – Bruno Wu, CEO, Seven Stars Cloud Group, Inc.

For additional commentary from Bruno Wu on our Global Headquarters for Technology and Innovation, please visit Seven Stars Cloud's blog here.
 

About Seven Stars Cloud Group, Inc. (http://www.sevenstarscloud.com/)

SSC is aiming to become a next generation Artificial-Intelligence (AI) & blockchain-powered, fintech service company, focusing on digital asset production and distribution. The Company facilitates and enables the transformation from traditional financial markets into the asset digitization era. SSC acts as the manager and service provider of an ecosystem for securitization and digital currency tokenization as well as trading system integration.

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those 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). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors.

Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Media Contacts

Seven Stars Cloud, Group Inc.

Eric Soderberg, Forefront Communications

Phone: 914-414-2884

Email: eric@forefrontcomms.com

IR Contacts

Federico Tovar, CFO Seven Stars Cloud

Chad Arroyo, CMO Seven Stars Cloud 

Email: ir@sevenstarscloud.com

SOURCE Seven Stars Cloud Group, Inc.

Related Links

http://www.sevenstarscloud.com