Moxian Inc (MOXC)

[NetworkNewsWire]

MOXC Changes Venue and Record Date for its 2017 General Meeting of Stockholders

- Meeting will be at Swissotel in Beijing, China, on September 29 at 10:00 a.m. local time in order to accommodate more shareholders; the new record date is August 30, 2017
- SeeThruEquity projects that Moxian revenues will reach $24.1 million by FY2018
- Moxian is targeting a Chinese mobile market of 1.3 billion people, the world’s largest

Moxian, Inc. (NASDAQ: MOXC) has changed both its venue and record date for its 2017 general meeting of stockholders. The new record date is August 30, 2017, and the location of the meeting has been moved to the Swissotel in Beijing, China, in the Hong Kong Macau Center.

The meeting’s time and date remain unchanged. It will held on September 29 at 10 a.m. local time, which is 10 p.m. ET on September 28.

Moxian is headquartered in Shenzhen, China, with offices in Beijing, Malaysia and Hong Kong. It is an online-to-offline (O2O) integrated platform operator. The company is converting its unpaid platforms to paid. It has the Moxian+ Business mobile app, which generates revenue by connecting consumers to small- and medium-sized market enterprises (SMEs) through social platforms, games and rewards available through earned Mo-Points. Client merchants can then learn more about consumers, completing online sales via their own brick-and-mortar offline stores.

The company generates revenues via subscription and licensing income, selling premium consumer data to merchant clients, advertising, and a percentage of all transactions. Moxian already has 31,600 merchants on Moxian+ Business. By mining data gleaned through analytics, Moxian enables vendor clients to promote and market their products.

To consumers, it offers the Moxian+ User app. It has some 300,000 registered users on this platform, which is also being converted to paid, and offers social events, contests and prizes. The company also has the proprietary Mo-Talk, a voice-chat service on both apps, enabling client merchants and consumers to interact.

SeeThruEquity estimates that the company will generate revenues of $24.1 million by FY2018 (http://nnw.fm/f1HEd). Moxian is targeting a Chinese mobile phone market of 1.3 billion people, the research firm notes, quoting China’s Ministry of Industry and Technology statistics. That market is the largest of its kind in the world.

For more information, visit the company’s website at www.Moxian.com