ZK International Wins a $75 million bid in "High Quality Drinking Water Household Project"
August 09 2022 - 09:00AM
PR Newswire (US)
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WENZHOU, China, Aug. 9, 2022 /PRNewswire/ -- ZK International Group Co., Ltd. (Nasdaq: ZKIN) ("ZKIN", "ZK International" or the "Company"), is pleased to announce that ZK International continues its success with procuring projects throughout China. Recently, ZK International has won a $75 million bid in the project known as the "Shenzhen Water Market Project", where companies bided to be the supplier of the stainless-steel pipes and fittings supplier of "High Quality Drinking Water Household Project" (Phase 7 and 8) and "Community Water Supply Network Renovation Project" (phase 7 and 8).
The total investment of these projects is approximately around US$600 million, of which stainless steel pipes and fittings account for 17% of the total investment being made of about US$75 Million dollars. ZK International anticipates it will supply approximately 40% of the projects, giving ZK approximately US$30 million dollars in sales.
Mr. Jiancong Huang, Chairman and CEO of ZK International stated, "Despite many adverse factors such as the COVID-19 pandemic shut-downs in China, soaring nickel price, supply chain challenges, and the fluctuations in the capital markets, our management team and all of our employees at ZKIN remain committed to overcome these challenges. The success of winning these bids and enduring the various stages of the bidding process is a testament to our excellent sales and marketing team who continue to bring profit to ZKIN despite these challenges."
Mr. Jiancong Huang, contines, "ZK International's team will continue to strive to provide customers with competitive, safe and reliable piping system products and related solutions and services in China and internationally. The Company is targeting the global construction water supply markets, gas, home decoration, firefighting, HVAC, siphon drainage and other fields. In the future, ZK International expects to win additional bids on various projects in China. We look forward to sharing these good news in the near future."
About ZK International Group Co., Ltd.
ZK International Group Co., Ltd. is a China-based engineering company building and investing in innovative technologies for the modern world. With a focus on designing and implementing next-generation solutions through industrial, environmental and software engineering, ZKIN owns 28 patents, 21 trademarks, 2 Technical Achievement Awards, and 10 National and Industry Standard Awards.
ZKIN's core business is to engineer and manufacture patented high-performance stainless steel and carbon steel pipe products that effectively deliver high quality, highly sustainable and environmentally sound drinkable water to the Chinese, Asia and European markets. ZK International is Quality Management System Certified (ISO9001), Environmental Management System Certified (ISO1401), and a National Industrial Stainless Steel Production Licensee. It has supplied stainless steel pipelines for over 2,000 projects, which include the Beijing National Airport, the "Water Cube" and "Bird's Nest", which were venues for the 2008 Beijing Olympics. ZK International is preparing to capitalize on the $850 Billion commitment made by the Chinese Government to improve the quality of water, which has been stated to be 70% unfit for human contact.
In 2018, ZKIN established its wholly owned xSigma Corporation to develop innovative software solutions that support its core operations while exploring new opportunities in smart contracts, distributed ledgers, supply chain management and blockchain architecture. The xSigma Labs team is made up of world-class developers and engineers formerly of Facebook, Google, Amazon, Ripple and 1inch, most recently launching its first DeFi project in the Fall of 2020.
In March of 2021, ZKIN announced the formation of its new wholly owned subsidiary, xSigma Entertainment Limited. It was established as part of ZK's integrated network of companies focused on developing and investing in innovative software technology platforms. xSigma Entertainment's mandate is to acquire assets in the high-growth US gaming market. xSigma Entertainment aims to
ZK International @ZKIN_CleanWater
More exciting news from our subsidiary xSigma Trading as they launch the Beta of their two flagship trading platforms. #cryptotrading #cfdtrading
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A close over 3 bucks would be solid
3 times more the average volume today and I think there gonna close this over 3 bucks today
Heavier then normal volume today
17 million float wow
Wow March and April this was 15
I followed you guys looks rip I love that it is in a sexy sector and a broken IPO
Looks like me and you were smart enough to get our feet wet
I took some off yesterday in the $10 range, but I also have a long lot here! I agree on the price prediction. They have a lot of irons in the fire. All we need is the VOLUME!!!
This is a legit company backed by Zk International Group and there is a lot of money flowing.
Its only a matter of time!
GLTU and ALL!
im holding long stop at 9s
will gamble here
could see 20+ next few weeks ..months
$ZKIN - ZK International Enters iGaming With Series A Investment Up To $50 Million In Carousel Group To Launch MaximBet
ZK International Group Co., Ltd. (Nasdaq: ZKIN) ("ZKIN", "ZK International") is pleased to announce that it has led a $50M Series A funding round in CG Malta Holding Limited ("CGM"), a rapidly-growing, privately-held multi-state and globally licensed sports betting and casino operator, to launch MaximBet.com. MaximBet is a strategic partnership with Maxim, the renowned media brand and CGM.
The Company's investment in CGM will total $50 Million through two closings. The first closing occurred today in which the Company has acquired a 12% interest for the purchase price of $15,000,000. The second closing anticipated to occur within the second quarter, will result in the Company acquiring an additional 13% for the purchase price of $35,000,000. Upon completion of the two closings, the Company will own a total interest of 25% in MaximBet.
still going down
7s coming ?
Half the float in volume today and a sideways trend for the past few? Accumulation, IMHO.
Which is what I been doing, and avg'ing down my lots, all day. GLTU
great job from company that pr
lol offering done
and people in panic selling
what a market lol
$ZKIN - Shelves 4M shares in $18M dollar deal!
NEW YORK, March 30, 2021 /PRNewswire/ -- Ortoli Rosenstadt LLP, a New York full-service international law firm, today announced that it represented ZK International Group Co., Ltd. (Nasdaq: ZKIN), a manufacturer and supplier of patented high-performance stainless steel and carbon steel pipe products, in a registered direct offering with a group of investors. The $18 million registered direct offering was for the issuance of 4 million shares of ordinary shares pursuant to a "shelf" registration statement (File No. 333-230860) filed with the Securities and Exchange Commission (SEC) on April 15, 2019 and declared effective on April 29, 2019. The transaction closed on or about March 25, 2021 and the gross proceeds were approximately $18 million.
The Ortoli Rosenstadt LLP team included Partner William Rosenstadt, Of Counsel Jason Ye, Associates Grace Bai and Sophie Sang.
$7 coming this week
turd will close redddddd
$ZKIN - BIG NEWS! ZK International Is Building The Robinhood Of Crypto And CFD Trading
We wrote that ZKIN could easily hit $20-$30 and investors would make many multiples of their investment.
The upside potential appears to be nearing reality. ZKIN’s wholly-owned subsidiary, xSigma, is tapping some hot, new markets, that we believe all have a high probability of success.
$ZKIN - ZK International Forms xSigma Entertainment With the Intention of Acquiring Online Gaming Assets
Mar 25, 2021
ZK International Group Co., Ltd., is pleased to announce that the Company has formed a new wholly-owned subsidiary, xSigma Entertainment Limited, with the intent of acquiring online gaming assets.
The formation of, xSigma Entertainment was created to acquire assets that will increase shareholder value by targeting businesses that are in growth industries, that have the ability to grow in scale, and that will allow the Company and its shareholders to realize additional growth alongside its existing core business.
$ZKIN - Form 6-K
On March 25, 2021, pursuant to certain securities purchase agreement with several accredited investors, ZK International Group Co., Ltd., a British Virgin Islands company (the “Company”), closed a registered direct offering (the “Registered Direct Offering”) of 4,000,000 ordinary shares of the Company (the “Shares”).
The Company received gross proceeds of approximately $18,000,000, before deducting offering expenses, and intends to use the net proceeds from the Offering for improving and expanding its existing business, working capital and other general working capital purpose. The Company may also use the proceeds to acquire certain assets that the Board of Directors may deem appropriate for the growth of the Company.
That's the thing though. ANY good volume moves this up DOLLARS! I've played and banked on every pop.
Not really! LOL I've made money on this stock all week based on that chart. GLTU!
chart means sh$t with low volume
lol your chart sucks
will close in 9s
Unpacking a Whirlwind First Month for xSigma
It’s wild to think that it was under a month ago that xSigma launched, pioneering a more profitable way to LP and swap between stablecoins. In scarcely 28 days, we’ve gone from zero to one, following a successful launch with a month in which all benchmarks were broken and new records made for volume, users, and total value locked.
Let’s take a moment to recap some highlights from xSigma’s first month in operation and reflect on how far we’ve come — before taking a look at what’s coming next. In the past month, xSigma has hit the following milestones:
-$112m in total trading volume
-Daily exchange volume reached $15m
-There are now over 2,600 SIG token holders
-SIG trading volume has surpassed $50m on Uniswap
-1.8 million SIG tokens have been awarded to LPs
-The SIG token is now listed on major aggregators including CMC and CoinGecko
-SIG trading info can be accessed on DexGuru, vfat tools, and Debank, and SIG has been added to portfolio trackers Zapper, Blockfolio, and Zerion.
xSigma DEX was also integrated into 1inch.exchange shortly after launch, bringing stablecoin swaps to the largest Ethereum AMM aggregator.