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DTSS

DTSS US Stock
$3.7
Open: $3.53 High: $4.1 Low: $3.53 Close: $3.664
Range: 2021-02-24 - 2021-02-25
Volume: 190,196
Market: Open
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DTSS
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DTSS News
Latest news about the DTSS
  • Datasea and its Wholly-Owned Subsidiary Enter into Several Agreements to Provide Smart Community Security Services in China

    BEIJING, CN / ACCESSWIRE / February 11, 2021 / Datasea Inc. (NASDAQ:DTSS) ("Datasea"), a technology company engaged in providing smart security solutions, smart hardware, and education-related technologies in China, announced today that Datasea and its wholly-owned subsidiary company Guozhong Haoze (Beijing) Technology Ltd.

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  • Datasea's Wholly-Owned Subsidiary Company Entered Into Two Agreements to Provide Smart Point-of-Sale Consumer Payment Services

    NEW YORK, NY / ACCESSWIRE / February 3, 2021 / Datasea Inc. (NASDAQ:DTSS) ("Datasea"), a technology company engaged in providing smart security solutions, smart hardware and education-related technologies in China, announced today that its wholly-owned subsidiary company, Guozhong Times (Beijing) Technology Ltd.

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  • Company News for Jan 15, 2021

    Companies in the news are: TSM, DTSS, AVAV, IDEX

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  • Datasea Announces the Establishment of a New Company to Focus on the 5G Opportunities and Related Value-added Services

    NEW YORK, NY / ACCESSWIRE / January 14, 2021 / Datasea Inc. (NASDAQ:DTSS) ("Datasea"), a technology company engaged in providing smart security solutions, smart hardware and education- related technologies in China, announced today that it had established a new subsidiary company named Shuhai Zhangxun Information Technology Co.

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  • Datasea Enters Into an Agreement with Zhejiang Kecai to Provide Smart Consumptive Payment Services

    NEW YORK, NY / ACCESSWIRE / December 18, 2020 / Datasea Inc.

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  • Meet Datasea, A 2020 Benzinga Small Cap Conference Participant

    Benzinga held its inaugural Benzinga Global Small Cap Conference, a day of dealmaking, networking, and learning, on Dec. 8-9, 2020.In recognition of those disruptive innovators creating positive and diverse change, Benzinga presents Datasea Inc (NASDAQ: DTSS).About: Founded in 2014, Datasea is a Chinese technology provider specializing in smart security solutions and edtech. The company leverages big data and proprietary analytics to advance China's Smart City initiatives.In the simplest way possible: Datasea provides access to technology solutions that make China a safer place.Core Offer Unpacked: Datasea caters to the rising demand for smart security technologies."The smart security industry has witnessed a significant tailwind in the past few years both domestically, here in China, and globally," said Henry Sun, director of capital at Datasea. "More specifically, as our industry gathers more attention, the demand within segments such as schools, scenic areas, and public communities continues to grow."Further, the firm's core technologies include adaptable algorithms and big data platforms that deliver access to security insights and modeling capabilities."A key market we're focusing on is Smart Cities -- this particular segment reached about $1.1 trillion globally, last year," Sun said in a discussion on the firm's core platforms which integrate with security hardware and pattern recognition to identify and track risks.Recent Developments: In light of the global COVID-19 coronavirus pandemic, Datasea amped up its efforts around public health care threat monitoring.Through Datasea's system, authorities can identify the abnormal health statuses of infected individuals and track movement. Platform users can then streamline case reporting and treatment efforts."In light of global pandemic, we have leveraged our platforms and helped develop an additional system called PandemicPrevention and Control. The sole purpose of this system is to monitor public health care for our users."The system has three core functions: non-contact and accurate temperature measurement, mask recognition, and face comparison."Our system enhances hardwired devices to more efficiently acquire, consolidate, and analyze data, to show the conditions of target individuals and areas."Prospects For Growth: Going forward, Datasea looks to be on the front lines of innovation in data-driven security. It will accomplish this via a multi-tiered, go-to-market strategy that leverages a large sales team, partnerships, and online marketing to equip prospective users with the tools to increase safety in public spaces."We have a diversified customer base, and schools and public communities are our most important clients in the industry, to whom, we provide the most comprehensive products," Sun said.See more from Benzinga * Click here for options trades from Benzinga * How QuantaVerse Saves Time, Money In Fight Against Financial Crime * Fintech Focus For December 17, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • Datasea Signs Five Service Agreements to Implement its Smart Information Service System in the Retail Industry

    NEW YORK, Nov. 19, 2020 (GLOBE NEWSWIRE) -- Datasea Inc. (NASDAQ: DTSS) (“Datasea” or the “Company”), a technology company engaged in providing smart security solutions and developing education-related technologies in China, has entered into service agreements involving its Smart Information Service System (the “Smart System”) with the following companies: Guangdong Dingxin Hongtu Technology, a research & development firm for water treatment equipment, Shenzhen Odomco Wine, a wholesaler and retailer of wine, Fujian Casenow Technology, a marketing service company, Ice World Carnival Sports Culture Development, China's leading modern and modular real ice construction and project operator, and Dongguan Juyang Industrial Investment, a life service-based comprehensive enterprise. As a part of Datasea’s recent initiative to leverage its big data smart information software platform and facial recognition technology, the Company developed the Smart System to service the needs of retail industry vendors. The Smart System employs code scanning and facial recognition technology in online and “brick and mortar” shops to complete point of sale (“POS”) transactions without physically interacting with customers.Under the terms of these agreements, Datasea will install hardware equipment and software for the five new customers, perform regular maintenance, and host software operations training sessions, in exchange for 0.38% of the transaction value of each transaction utilizing the Company’s technology. Additionally, the average annual transaction values for the five customers are estimated by such retail vendors as follows: RMB 50 million (approximately USD$7.6 million) for Guangdong Dingxin Hongtu Technology, RMB 30 million (approximately USD$4.6 million) for Shenzhen Odomco Wine, RMB 95 million (approximately USD$14.5 million) for Fujian Casenow Technology, RMB 32 million (approximately USD$4.9 million) for Ice World Carnival (Beijing) Sports Culture Development, and RMB 50 million (approximately USD$7.6 million) for Dongguan Juyang Industrial Investment. As a result, based on and assuming the foregoing estimates, the Company estimates its earning potential to be approximately RMB 0.976 million (approximately USD$148,742) on an annual basis. The term of each of the service agreements is five years.“We continue to be encouraged by the interest for our Service System from consumers looking for a safe and innovative way to execute POS transactions,” said Chairman and CEO, Ms. Liu Zhixin. “As the retail ecosystem constantly evolves and transforms over time, we intend to capitalize on the market opportunity at hand with our flexible technology platform and world-class R&D team. Datasea remains dedicated to developing state-of-the-art products and solutions that increase the efficiency for our customers and the safety of their end users.”About Datasea Inc.Datasea is a technology company in China engaged in providing smart security solutions and developing education-related technologies. Datasea leverages its proprietary technologies, intellectual property, innovative products and market intelligence to provide comprehensive and optimized security solutions and education-related technologies to its clients. For additional company information, please visit: www.dataseainc.com.Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "going forward," "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Datasea's control, which may cause Datasea's actual results, performance or achievements (including, without limitation, the performance and expected results of operations arising from Datasea’s contracts and products addressed in this press release), Datasea’s ability to maintain and generate any revenue from the agreements subject of this press release, to differ materially and in an adverse manner from anticipated results contained or implied in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Datasea's filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov. Datasea does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under the law.Investor Relations Contact:Gateway Investor Relations Matt Glover and John Yi DTSS@gatewayir.com 949-574-3860

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  • Datasea Enters into Common Stock Purchase Agreement with Triton Funds

    NEW YORK, Oct. 23, 2020 (GLOBE NEWSWIRE) -- Datasea Inc. (NASDAQ: DTSS) (“Datasea” or the “Company”), a technology company engaged in providing smart security solutions and developing education-related technologies in China, has entered into a common stock purchase agreement (“Agreement”) with investment firm Triton Funds LP (“Triton”), where Triton is obligated to purchase up to $2.0 million of the Company’s common stock from time-to-time through December 31, 2020. As part of the Agreement, each time Datasea wishes to sell its common stock, it will first provide Triton with a purchase notice, which sets forth the total number of common stock the Company intends to sell. The purchase price for Triton would then be 90% of the lowest closing price of Datasea’s common stock during the five business days prior to closing.The total number of shares to be purchased under the Agreement will not exceed 523,596 shares, or 2.5% of the Company’s outstanding shares of common stock, subject to the 9.9% beneficial ownership limitation of the Company’s shares of common stock held by Triton, to the $2.0 million cap under the Agreement, and to a valuation cap for the Company of $80 million. Datasea is also precluded from submitting a purchase notice to Triton in the event the closing price of $1.65 per share as reported on the Nasdaq Stock Market.Datasea intends to use any net proceeds from the sale of its common stock to Triton for general corporate and working capital purposes.The shares are offered pursuant to an effective “shelf” registration statement on Form S-3, as amended (SEC No. 333-239183) which was filed with, and subsequently was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on June 25, 2020. The offering will be made only by means of a prospectus supplement, which together with accompanying base prospectus, will be filed with the Securities and Exchange Commission and available on the SEC’s website at http://www.sec.gov.About Datasea Inc. Datasea is a technology company in China engaged in providing smart security solutions and developing education-related technologies. Datasea leverages its proprietary technologies, intellectual property, innovative products and market intelligence to provide comprehensive and optimized security solutions and education-related technologies to its clients. For additional company information, please visit: www.dataseainc.com.Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "going forward," "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Datasea's control, which may cause Datasea's actual results, performance or achievements (including, without limitation, the performance and related results of operations arising from Datasea’s contracts and products addressed in this press release), Datasea’s ability to maintain and generate any revenue from the agreements subject of this press release, to differ materially and in an adverse manner from anticipated results contained or implied in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Datasea's filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov. Datasea does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under the law.Investor Relations Contact:Gateway Investor Relations Matt Glover and John Yi DTSS@gatewayir.com 949-574-3860

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  • The Datasea (NASDAQ:DTSS) Share Price Is Up 276% And Shareholders Are Boasting About It

    Unfortunately, investing is risky - companies can and do go bankrupt. But if you pick the right business to buy shares...

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  • Datasea Reports Fourth Quarter and Fiscal Year 2020 Results

    NEW YORK, Sept. 28, 2020 (GLOBE NEWSWIRE) -- Datasea Inc. (NASDAQ: DTSS) (“Datasea” or the “Company”),  a technology company engaged in providing smart security solutions and developing education-related technologies in China, reported results for the fiscal fourth quarter and full year ended June 30, 2020.Fiscal Fourth Quarter 2020 and Recent Operational Highlights: * Signed two agreements with Beijing Hangteng Property Management and Jinghua Granary International Trade Co., respectively, for the Company’s Public Community Security System, and two agreements with Beijing Xuanwu Hongqi Spare-time University and Nanjing Normal University Subsidiary Primary School, respectively, for the Company’s Safe Campus Management System. * Entered into six service agreements involving the Company’s Smart Information Service System with Shenzhen Linghang Haocheng Education Technology Co., an education training company, Shenzhen Weisou Technology Co., an application operator, and four gas stations in Shenzen and Shanwei, all located on the Guangdong province. * Expanded the Company’s marketing efforts by entering into a Cooperation Framework Agreement with China Africa Friendship Town Investment Group Limited to establish a general framework and promote Datasea’s products across several countries in Africa. * Received a second subsidy from the Harbin Municipal Government to enhance and customize the Company’s Safe Campus Management System. * Signed an agreement with Beijing Tengyuejunjie Parking Management to install the Company’s proprietary Public Community Security System in Nantaipingzhuang Beixiang, the first-of-its-kind arrangement in Beijing. * Selected by the Harbin Municipal Government of Heilongjiang Province to conduct pilot projects of the Company’s Safe Campus Management System at two new school campuses, in addition to receiving a $113,000 USD subsidy from the Harbin Municipal Government. * Secured 33 purchase orders for Datasea’s customized hardware and proprietary software solutions that are being utilized in public spaces on campuses, shopping malls, scenic areas, residential areas, and factories, with cash inflow from customers in full amount. Management Commentary“Over the past few months, we have been able to gain momentum as a result of our diversified customer base and growing portfolio of robust product offerings, which has generated positive top line results for the first time in Datasea’s history,” said Chairman and CEO, Ms. Liu Zhixin. “I am proud to share that we have been engaged in a total of 94 agreements: 64 agreements with public communities, 24 agreements with educational institutions, and 6 with respect to our big data value-added services. In addition to our core offerings of the Safe Campus, Public Community, and Scenic Area Security Systems, we have been able to leverage our big data and Smart 3-D technology to create a Smart Information Service System, another product we can now offer to customers. This novel system, in addition to the Epidemic Control System developed last quarter, showcases our R&D ability to innovate and adapt our core technology to various market needs.“In addition to expanding our R&D initiatives, we also plan to focus on growing our dynamic sales channels through our sales team and channel agents, in our efforts to commercialize the business domestically and internationally. As part of our development strategy, we recently launched marketing operations in Africa and look to further expand internationally to capture as much of the global market share as possible. Our team is certainly encouraged by the results we have achieved thus far, and we look forward to continue growing as a company that offers customers state of the art smart security solutions.”Fiscal Fourth Quarter 2020 Financial ResultsTotal revenue was $1.4 million for the fiscal fourth quarter 2020 compared to $0 in the same year-ago period. The increase in revenue was primarily due to twenty recognized implementations of the Company’s Safe Campus Management System, in addition to the sales of software and hardware customized solutions developed to address certain aspects of the pandemic outbreak across a number of schools and public communities.Selling expense increased to $296,000 from $16,000 in the same year-ago period. The increase was primarily driven by a significant investment to the Teenager Scientific Quality Cultivation project.General and administrative expenses increased to $247,000 from $118,000 in the same year-ago period. The increase was primarily due to an increase in rent and labor expenses.Research and development expenses increased to $315,000 from $35,000 in the same year-ago period. The increase was primarily due to investments in additional R&D personnel and the development of the Tour Site Security system and the Facial Recognition and Eye Protection system.Net profit totaled $413,000 compared to net loss of $(140,000) in the same year-ago period.Full Year Fiscal 2020 Financial ResultsTotal revenue was $1.4 million for the full fiscal year 2020 compared to $0 in the same year-ago period. The increase in revenue was primarily due to twenty recognized implementations of the Company’s Safe Campus Management System, in addition to the sales of software and hardware customized solutions for the pandemic outbreak across a number of schools and public communities.Selling expense increased to $439,000 from $199,000 in the same year-ago period. The increase in selling expense was primarily attributed to a payment made to a service provider, Beijing R&D Education Technology, to develop and market an education platform for teachers and students.General and administrative expense increased to $1.6 million from $1.1 million in the same year-ago period. The increase was primarily due to increases in rent, property management, and salary expenses.Research and development expenses increased to $1.1 million from $168,000 in the same year-ago period. The increase was primarily due to investments in additional R&D personnel, the Tour Site Security system, and the Facial Recognition and Eye Protection system.Net loss totaled $(1.9) million compared to net loss of $(1.4) million in the same year-ago period.About Datasea Inc.Datasea is a technology company in China engaged in providing smart security solutions and developing education-related technologies. Datasea leverages its proprietary technologies, intellectual property, innovative products and market intelligence to provide comprehensive and optimized security solutions and education-related technologies to its clients. For additional company information, please visit: www.dataseainc.com.Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "going forward," "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Datasea's control, which may cause Datasea's actual results, performance or achievements (including, without limitation, the performance and related results of operations arising from Datasea’s contracts and products addressed in this press release), Datasea’s ability to maintain and generate any revenue from the agreements subject of this press release, to differ materially and in an adverse manner from anticipated results contained or implied in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Datasea's filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov. Datasea does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under the law.Investor Relations Contact:Gateway Investor RelationsMatt Glover and John YiDTSS@gatewayir.com949-574-3860

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  • Datasea Signs Six Service Agreements to Implement Its Smart Information Service System in Guangdong Province, China

    NEW YORK, Sept. 10, 2020 (GLOBE NEWSWIRE) -- Datasea Inc. (NASDAQ: DTSS) (“Datasea” or the “Company”), a technology company engaged in providing smart security solutions and developing education-related technologies in China, has entered into service agreements involving its Smart Information Service System (the “Smart System”) with Shenzhen Linghang Haocheng Education Technology Co., an education training company, Shenzhen Weisou Technology Co., an application operator, and four gas stations in Shenzen and Shanwei, all located on the Guangdong province. Datasea’s Smart System is designed to service the needs of retail industry vendors and utilizes big data analytics and facial recognition technology. The system allows retailers to employ facial recognition technology to charge customers to be used at the point of sale. The Company will install hardware equipment for the clients, perform regular maintenance, and provide the Smart System in exchange for 0.38% of transaction value of each transaction utilizing the Company’s technology. The term of each of the service agreement is one year.“Our Smart Information Service System allows retailers to collect payments from customers without the need to physically interact,” said Chairman and CEO, Ms. Liu Zhixin. “Our R&D team has leveraged our existing intellectual property of big data analytics to diversify our product offerings to cater to the needs of retailers. We are certainly encouraged by these agreements in the Guangdong province.”About Datasea Inc. Datasea is a technology company in China engaged in providing smart security solutions and developing education-related technologies. Datasea leverages its proprietary technologies, intellectual property, innovative products and market intelligence to provide comprehensive and optimized security solutions and education-related technologies to its clients. For additional company information, please visit: www.dataseainc.com.Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "going forward," "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Datasea's control, which may cause Datasea's actual results, performance or achievements (including, without limitation, the performance and related results of operations arising from Datasea’s contracts and products addressed in this press release), Datasea’s ability to maintain and generate any revenue from the agreements subject of this press release, to differ materially and in an adverse manner from anticipated results contained or implied in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Datasea's filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov. Datasea does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under the law.Investor Relations Contact:Gateway Investor Relations Matt Glover and John Yi DTSS@gatewayir.com 949-574-3860

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  • Datasea Enters into a Cooperation Framework Agreement with China Africa Friendship Town Investment Group Limited

    Company Aims to Expand its Footprint to International Markets on the African Continent NEW YORK, Aug. 17, 2020 (GLOBE NEWSWIRE) -- Datasea Inc. (NASDAQ: DTSS) (“Datasea” or the “Company”), a technology company engaged in providing smart security solutions and developing education-related technologies in China, has, through one of its variable interest entities, entered into a Cooperation Framework Agreement with China Africa Friendship Town Investment Group Limited (“CAFTI”) to establish a general framework and promote Datasea’s products across several countries in Africa.As a Ugandan-based and registered limited company, CAFTI specializes in industrial park investments and construction, IT services, as well as import and export trades across Africa, and has developed a network of contacts across the continent, including, Uganda, the Democratic Republic of Congo, and Ethiopia, among others. Under the Cooperation Framework Agreement, CAFTI will endeavor to promote the Company’s products, including its automatic temperature measurement devices, infrared imagers, and facial recognition tools, and facilitate business cooperation in the target markets.“Our cooperation with CAFTI is an integral component of Datasea’s international expansion strategy,” said Chairman and CEO, Ms. Liu Zhixin. “CAFTI provides us with an additional sales channel through its distribution contacts across Africa, which we plan to leverage. We are encouraged by the opportunity to penetrate a new market overseas and look forward to continue growing our international footprint by executing our international expansion strategy.”About Datasea Inc.Datasea is a technology company in China engaged in providing smart security solutions and developing education-related technologies. Datasea leverages its proprietary technologies, intellectual property, innovative products and market intelligence to provide comprehensive and optimized security solutions and education-related technologies to its clients. For additional company information, please visit: www.dataseainc.com.About China Africa Friendship Town Investment Group LimitedRegistered in Luaya of Masaka, Uganda, CAFTI is engaged in industrial park investment and construction, information technology services, as well as import and export trade across Africa.Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "going forward," "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Datasea's control, which may cause Datasea's actual results, performance or achievements (including, without limitation, the performance and related results of operations arising from Datasea’s contracts and products addressed in this press release), Datasea’s ability to expand into African markets as anticipated, to generate any revenue under the Cooperation Agreement, to maintain the Beijing or similar arrangements,  to receive the subject subsidy within the anticipated timeframe, to apply the subsidy to develop and enhance the Company’s current systems, to differ materially and in an adverse manner from anticipated results contained or implied in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Datasea's filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov. Datasea does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under the law.Investor Relations Contact:Gateway Investor Relations Matt Glover and John Yi DTSS@gatewayir.com  949-574-3860

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  • Datasea Receives Second Subsidy from the Harbin Municipal Government to Develop its Safe Campus Management System

    NEW YORK, Aug. 10, 2020 (GLOBE NEWSWIRE) -- Datasea Inc. (NASDAQ: DTSS) (“Datasea” or the “Company”), a technology company engaged in providing smart security solutions and developing education-related technologies in China, announced today that it has been selected to receive a subsidy in the amount of RMB 300,000 (or approximately USD$43,000) from the Harbin Municipal Government to enhance and customize its Safe Campus Management System. Harbin Municipal Government recently launched its “Eagle Plan” to provide additional funds to companies with innovative technologies for research and development purposes. Following the review process, the Company was selected to receive the government subsidy.Datasea’s Safe Campus Management System was designed to address security problems at K-12 school campuses by providing intelligent video surveillance, dynamic video recognition, identity recognition management, and campus-intelligent management. The Company recently upgraded the system to include infrared temperature measurement for real-time body temperature monitoring in campus populations. With the subsidy, the Company plans to enhance its Safe Campus Management System.“We view this subsidy grant as a recognition by the Harbin Government of our efforts in developing the Safe Campus Management System,” said Datasea Chairman and CEO, Ms. Liu Zhixin. “Our first subsidy, as part of the S&T Achievement Transformation Demonstration and Promotion Plan, offered financial support of our pilot projects for the schools in the Heilongjiang Province. We intend for this subsidy to continue our R&D efforts going forward.”About Datasea Inc.  Datasea is a technology company in China engaged in providing smart security solutions and developing education-related technologies. Datasea leverages its proprietary technologies, intellectual property, innovative products and market intelligence to provide comprehensive and optimized security solutions and education-related technologies to its clients. For additional company information, please visit: www.dataseainc.com.Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "going forward," "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Datasea's control, which may cause Datasea's actual results, performance or achievements (including, without limitation, the performance and related results of operations arising from Datasea’s contracts and products addressed in this press release), Datasea’s ability to maintain the Beijing or similar arrangements,  to receive the subject subsidy within the anticipated timeframe, to apply the subsidy to develop and enhance the Company’s current systems, to differ materially and in an adverse manner from anticipated results contained or implied in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Datasea's filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov. Datasea does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under the law.Investor Relations Contact:Gateway Investor Relations Matt Glover and John Yi DTSS@gatewayir.com 949-574-3860

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  • Datasea Signs its First Agreement in Beijing, China to Install its Proprietary Monitoring System

    NEW YORK, Aug. 03, 2020 (GLOBE NEWSWIRE) -- Datasea Inc. (NASDAQ: DTSS) (“Datasea” or the “Company”), a technology company engaged in providing smart security solutions and developing education-related technologies in China, has entered into an agreement with Beijing Tengyuejunjie Parking Management (“BTPM”) to install its proprietary and Control System in Nantaipingzhuang Beixiang, a residential community in the Chaoyang District of Beijing. The total value of this engagement over the three-year term of this engagement is RMB [55,000] or approximately $[7,800]; this engagement will be the first-of-its-kind arrangement for the Company in Beijing. Datasea’s proprietary system was developed specifically to monitor potential public healthcare threats within schools and public communities. The system facilitates contactless body temperature measurement and uses artificial intelligence-based face recognition technology, automatically identifying individuals at the community’s ingress and egress access points, thus allowing BTPM to monitor activity and receive real-time feedback in that community.Under the terms of this arrangement, Datasea will provide the hardware, software, and the installation services to Nantaipingzhuang Beixiang, a community with more than 1,200 homes and 4,000 residents.“We are encouraged to see our domestic footprint expand into Beijing,” said Datasea Chairman and CEO, Ms. Liu Zhixin. “As the capital of China, Beijing has a population of over 21 million residents and more than 6,000 residential communities. Our long-term growth strategy is to capture as much of this densely populated part of China as possible. Our team has been hard at work in developing our proprietary technology, and we are proud to see it yield positive results.”About Datasea Inc. Datasea is a technology company in China engaged in providing smart security solutions and developing education-related technologies. Datasea leverages its proprietary technologies, intellectual property, innovative products and market intelligence to provide comprehensive and optimized security solutions and education-related technologies to its clients. For additional company information, please visit: www.dataseainc.com.Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "going forward," "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Datasea's control, which may cause Datasea's actual results, performance or achievements (including, without limitation, the performance and related results of operations arising from Datasea’s contracts and products addressed in this press release), Datasea’s ability to maintain the Beijing or similar arrangements, to differ materially and in an adverse manner from anticipated results contained or implied in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Datasea's filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov. Datasea does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under the law.Investor Relations Contact:Gateway Investor Relations Matt Glover and John Yi DTSS@gatewayir.com 949-574-3860

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  • Datasea Signs Agreement to Pilot Safe Campus Intelligent Management and Control Platform at Harbin New District No. 1 School

    NEW YORK, July 27, 2020 (GLOBE NEWSWIRE) -- Datasea Inc. (NASDAQ: DTSS) (“Datasea” or the “Company”), a technology company engaged in providing smart security solutions and developing education-related technologies in China, has entered into an agreement to install its Safe Campus Intelligent Management and Control Platform (“Safe Campus Platform”) at Harbin New District No. 1 School, the first of the two previously announced pilot projects. The Safe Campus Platform provides additional functionality specifically designed for schools. In particular, its most robust component, the Datasea Cloud School program, is a WeChat-enabled program, available for both Android and IOS, that provides various benefits for students, teachers and parents. Certain features include, among others, general school announcements, notifications of upcoming tests and homework assignments, and a centralized hub for teachers to review homework, import grades, record class attendance and academic performance, and store additional student information. Under the terms of this arrangement, Datasea will provide the software and hardware of the Safe Campus Platform, product and maintenance manuals, product certificate and license, and installation services throughout the school facilities. The system installation and demonstration are subject to the School’s review approval. Once such approval is issued, the School will deliver the payment of RMB 392,000 (approximately USD$55,861).“This arrangement validates the commercial viability of our Safe Campus Intelligent Management and Control Platform,” said Datasea Chairman and CEO, Ms. Liu Zhixin. “Our team is encouraged by the support we have received from the local government. We continue working on expanding the reach of our platform in the city of Harbin and beyond.”About Datasea Inc.Datasea is a technology company in China engaged in providing smart security solutions and developing education-related technologies. Datasea leverages its proprietary technologies, intellectual property, innovative products and market intelligence to provide comprehensive and optimized security solutions and education-related technologies to its clients. For additional company information, please visit: www.dataseainc.com.Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "going forward," "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Datasea's control, which may cause Datasea's actual results, performance or achievements (including, without limitation, the performance and related results of operations arising from Datasea’s contracts and products addressed in this press release), Datasea’s ability to commercialize and expand its pilot projects into permanent and/or additional engagements throughout Harbin and beyond,  to differ materially and in an adverse manner from anticipated results contained or implied in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Datasea's filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov. Datasea does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under the law.Investor Relations Contact:Gateway Investor Relations Matt Glover DTSS@gatewayir.com 949-574-3860

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  • Datasea Selected by Harbin Municipal Government of Heilongjiang Province to Conduct Pilot Projects of its Safe Campus Management System at Two New School Campuses

    NEW YORK, July 21, 2020 -- Datasea Inc. (NASDAQ: DTSS) (“Datasea” or the “Company”), a technology company engaged in providing smart security solutions and developing.

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  • Datasea Reports Fiscal Third Quarter 2020 Results

    NEW YORK, May 14, 2020 -- Datasea Inc. (NASDAQ: DTSS) (“Datasea” or the “Company”), a technology company engaged in providing smart security solutions and developing.

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  • Datasea Inc. (NASDAQ:DTSS): What Does Its Beta Value Mean For Your Portfolio?

    If you own shares in Datasea Inc. (NASDAQ:DTSS) then it's worth thinking about how it contributes to the volatility of...

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  • Datasea Receives 31 Purchase Orders for Epidemic Prevention and Control Systems from Public Places Entities in Mingguang City

    Datasea Inc. (DTSS), a technology company engaged in providing smart security solutions and developing education-related technologies, today announced that its wholly-owned subsidiary, Guozhong Times (Beijing) Technology Ltd. (“Guozhong Times”), has received 31 purchase orders from 9 development and construction companies in Mingguang City for customized hardware and software solutions to slow the spread of COVID-19 in specific areas. As of March 31, 2020, Guozhong Times has received another 2 purchase orders from Dingyuan County and Fuding City respectively.

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  • Datasea Completes Installation of Epidemic Prevention and Control Systems in Two K-12 Schools as Part of Ongoing Pilot Program

    Datasea Inc. (DTSS), a technology company engaged in providing smart security solutions and developing education-related technologies, today announced that it has completed the installation of the initial two Epidemic Prevention and Control Systems in two K-12 schools in the cities of Nanjing and Taiyuan, China. As part of its system, Datasea has provided non-contact temperature measuring terminals and a management platform to monitor the students’ and teachers’ body temperatures, with the goal of preventing the spread of the COVID-19 on school campuses.

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