{"id":400988,"date":"2020-12-16T09:04:31","date_gmt":"2020-12-16T14:04:31","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=400988"},"modified":"2020-12-16T09:04:31","modified_gmt":"2020-12-16T14:04:31","slug":"blue-hat-announces-new-gaming-products-under-development-with-planned-global-launches-throughout-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-hat-announces-new-gaming-products-under-development-with-planned-global-launches-throughout-2021\/","title":{"rendered":"Blue Hat Announces New Gaming Products Under Development with Planned Global Launches Throughout 2021"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">XIAMEN, China<\/span>, <span class=\"xn-chron\">Dec. 16, 2020<\/span> \/PRNewswire\/ &#8212;<b>\u00a0Blue Hat Interactive Entertainment Technology (&#8220;Blue Hat&#8221; or the &#8220;Company&#8221;) (NASDAQ: BHAT)<\/b>, a leading producer, developer and operator of augmented reality (&#8220;AR&#8221;) interactive entertainment games, toys and educational materials in <span class=\"xn-location\">China<\/span>, today announced\u00a0that Fuzhou Csfctech Co., Ltd. (&#8220;Csfctech&#8221;) is actively exploring overseas markets and is currently testing five new gaming products for overseas distribution. The Company recently announced the signing of a definitive agreement to acquire 51% of Csfctech and two subsidiaries <span id=\"spanHghlt3f10\">(<a target=\"_blank\" href=\"https:\/\/ir.bluehatgroup.com\/news-releases\/news-release-details\/blue-hat-signs-definitive-agreement-acquisition-mobile-game\" rel=\"nofollow noopener noreferrer\">Link to Previous Release<\/a>).<\/span><\/p>\n<p>The acquisition of Csfctech is an important step in the development of Blue Hat&#8217;s mobile games unit, which along with AR gaming and interactive education make up the three pillars of the Company&#8217;s strategy.<\/p>\n<p>\n        <b>Development of Five New Games<\/b>\n      <\/p>\n<p>The five new gaming products under development are:<\/p>\n<ul type=\"disc\">\n<li>Qule King of Fishing War, a competitive fish catching game with multiple players to win prizes <\/li>\n<li>Qule Battle The Landlord, a music selection puzzle game <\/li>\n<li>MOMO Remove, a brain teaser game <\/li>\n<li>MOMO Link, a game of casual puzzle elimination <\/li>\n<li>MOMO Hexagon, a block matching game<\/li>\n<\/ul>\n<p>The Company&#8217;s development program also includes Fish King War and Fun Two Dozen One, which are two popular chess-themed games that have been tested online on the Google Play platform. <\/p>\n<p>At present, the Qule King of Fishing War\u00a0has been licensed by more than 200 countries on Google Play, and will be ready to launch outside of <span class=\"xn-location\">China<\/span> with an initial focus on Asian markets via the App Store.\u00a0 After launching, the Company also plans to release regional updates for games such as Qule Battle The Landlord. These two games are expected to enter a stable operation phase in 2021 with the average monthly\u00a0revenue of <span class=\"xn-money\">USD 0.3 million<\/span>. <\/p>\n<p>In the future, Csfctech&#8217;s will launch a series of casual games in the markets outside of <span class=\"xn-location\">China<\/span>, with constant improvements and new updates to the platformer, hack and slash and other RPG (role-playing game) games once released to improve the market share of each game.<\/p>\n<p>Mr. <span class=\"xn-person\">Jinlin Zhan<\/span>, founder of Csfctech said, &#8220;We have a robust gaming pipeline for 2021. Csfctech\u00a0has astrong industry competitiveness\u00a0in terms of research and development, operational experience, channel resources and IP reserves. With the combination of Blue Hat, we can focus on gaining a global footprint for our games as part of a unified strategy going forward. Csfctech has accumulated a wealth of promotional resources in Southeast Asian countries and regions, as well as <span class=\"xn-location\">North America<\/span>, leveraging the power of such online platforms as Facebook, Admob, Twitter and other platforms.&#8221;<\/p>\n<p>Mr. <span class=\"xn-person\">Xiaodong Chen<\/span>, CEO of Blue Hat, stated, &#8220;We are confident that we can drive the rapid growth of the gaming business segment. Looking at the moment, the boom in the gaming market is evident, even after the industry shock in the first half of 2020. We saw a rapid increase in the timing of individuals entering the gaming space, which we intend to capitalize on in the coming months.\u00a0 With the continuous upgrading of the game business and the launch of new products, Csfctech\u00a0will provide more adequate promotional resources and new gaming content for players. For the already\u00a0launched online\u00a0games, we will also invest more energy and capital to provide regular updates that will be both regional and seasonal in nature, and ultimately drive user growth. We believe the totality of all of our efforts will help drive revenue growth, margin expansion, and net profits in our mobile game development segment.&#8221;<\/p>\n<p>\n        <b>About Blue Hat<\/b>\n      <\/p>\n<p>Blue Hat Interactive Entertainment Technology is a producer, developer and operator of AR interactive entertainment games and toys in <span class=\"xn-location\">China<\/span>, including interactive educational materials, mobile games, and toys with mobile game features. The Company&#8217;s interactive entertainment platform creates unique user experiences by connecting physical items to mobile devices, which creates a rich visual and interactive environment for users through the integration of real objects and virtual scenery. Distinguished by its own proprietary technology, Blue Hat aims to create an engaging, interactive and immersive community for its users. For more information, please visit the Company&#8217;s investor relations website at <a target=\"_blank\" href=\"http:\/\/ir.bluehatgroup.com\/\" rel=\"nofollow noopener noreferrer\">http:\/\/ir.bluehatgroup.com<\/a>. The Company routinely provides important information on its website.<\/p>\n<p>\n        <b>Forward-Looking Statements\u00a0<\/b>\n      <\/p>\n<p>This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the Company&#8217;s SEC filings. These risks and uncertainties could cause the Company&#8217;s actual results to differ materially from those indicated in the forward-looking statements.<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Contacts<\/b>:<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Blue Hat Interactive Entertainment Technology<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Phone: +86 (592) 228-0010<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Email:\u00a0<a target=\"_blank\" href=\"mailto:ir@bluehatgroup.net\" class=\"prnews_a\" rel=\"nofollow noopener noreferrer\">ir@bluehatgroup.net<\/a><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n              \n            <\/td>\n<td class=\"prngen2\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Investor Relations:<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">The Equity Group Inc.\u00a0<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">In China<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Adam Prior, Senior Vice President\u00a0\u00a0<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Lucy Ma, Associate<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(212) 836-9606\u00a0\u00a0<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">+86 10 5661 7012<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <a target=\"_blank\" href=\"mailto:aprior@equityny.com\" class=\"prnews_a\" rel=\"nofollow noopener noreferrer\">aprior@equityny.com<\/a> \u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0<a target=\"_blank\" href=\"mailto:lma@equityny.com\" class=\"prnews_a\" rel=\"nofollow noopener noreferrer\">lma@equityny.com<\/a><\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN25851&amp;sd=2020-12-16\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/blue-hat-announces-new-gaming-products-under-development-with-planned-global-launches-throughout-2021-301193683.html\">http:\/\/www.prnewswire.com\/news-releases\/blue-hat-announces-new-gaming-products-under-development-with-planned-global-launches-throughout-2021-301193683.html<\/a><\/p>\n<p>SOURCE  Blue Hat Interactive Entertainment Technology<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CN25851&amp;Transmission_Id=202012160900PR_NEWS_USPR_____CN25851&amp;DateId=20201216\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire XIAMEN, China, Dec. 16, 2020 \/PRNewswire\/ &#8212;\u00a0Blue Hat Interactive Entertainment Technology (&#8220;Blue Hat&#8221; or the &#8220;Company&#8221;) (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality (&#8220;AR&#8221;) interactive entertainment games, toys and educational materials in China, today announced\u00a0that Fuzhou Csfctech Co., Ltd. (&#8220;Csfctech&#8221;) is actively exploring overseas markets and is currently testing five new gaming products for overseas distribution. The Company recently announced the signing of a definitive agreement to acquire 51% of Csfctech and two subsidiaries (Link to Previous Release). The acquisition of Csfctech is an important step in the development of Blue Hat&#8217;s mobile games unit, which along with AR gaming and interactive education make up the three pillars of the Company&#8217;s strategy. Development of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/blue-hat-announces-new-gaming-products-under-development-with-planned-global-launches-throughout-2021\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Blue Hat Announces New Gaming Products Under Development with Planned Global Launches Throughout 2021&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-400988","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Blue Hat Announces New Gaming Products Under Development with Planned Global Launches Throughout 2021 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/blue-hat-announces-new-gaming-products-under-development-with-planned-global-launches-throughout-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blue Hat Announces New Gaming Products Under Development with Planned Global Launches Throughout 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire XIAMEN, China, Dec. 16, 2020 \/PRNewswire\/ &#8212;\u00a0Blue Hat Interactive Entertainment Technology (&#8220;Blue Hat&#8221; or the &#8220;Company&#8221;) (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality (&#8220;AR&#8221;) interactive entertainment games, toys and educational materials in China, today announced\u00a0that Fuzhou Csfctech Co., Ltd. (&#8220;Csfctech&#8221;) is actively exploring overseas markets and is currently testing five new gaming products for overseas distribution. The Company recently announced the signing of a definitive agreement to acquire 51% of Csfctech and two subsidiaries (Link to Previous Release). The acquisition of Csfctech is an important step in the development of Blue Hat&#8217;s mobile games unit, which along with AR gaming and interactive education make up the three pillars of the Company&#8217;s strategy. 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(&#8220;Csfctech&#8221;) is actively exploring overseas markets and is currently testing five new gaming products for overseas distribution. The Company recently announced the signing of a definitive agreement to acquire 51% of Csfctech and two subsidiaries (Link to Previous Release). The acquisition of Csfctech is an important step in the development of Blue Hat&#8217;s mobile games unit, which along with AR gaming and interactive education make up the three pillars of the Company&#8217;s strategy. Development of &hellip; Continue reading \"Blue Hat Announces New Gaming Products Under Development with Planned Global Launches Throughout 2021\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-hat-announces-new-gaming-products-under-development-with-planned-global-launches-throughout-2021\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-16T14:04:31+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN25851&amp;sd=2020-12-16","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-hat-announces-new-gaming-products-under-development-with-planned-global-launches-throughout-2021\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-hat-announces-new-gaming-products-under-development-with-planned-global-launches-throughout-2021\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Blue Hat Announces New Gaming Products Under Development with Planned Global Launches Throughout 2021","datePublished":"2020-12-16T14:04:31+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-hat-announces-new-gaming-products-under-development-with-planned-global-launches-throughout-2021\/"},"wordCount":872,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-hat-announces-new-gaming-products-under-development-with-planned-global-launches-throughout-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN25851&amp;sd=2020-12-16","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-hat-announces-new-gaming-products-under-development-with-planned-global-launches-throughout-2021\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-hat-announces-new-gaming-products-under-development-with-planned-global-launches-throughout-2021\/","name":"Blue Hat Announces New Gaming Products Under Development with Planned Global Launches Throughout 2021 - 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