Logiq Inc (LGIQ)

[cosa nostra]

(OTCQB:STOA) (the "Company" or "Sitoa"), an e-commerce facilitator, today announced that it has entered into a strategic partnership agreement with Soconison Technology Ventures ("Soconison"), permitting Soconison and its portfolio companies to utilize the Company's network and platform software technology to develop and host business-to-consumer ("B2C") e-commerce marketplaces. 

Over the next 6 months, the Company will assist in developing and maintaining B2C marketplaces operated by Soconison and its portfolio companies, including ZBL Cybermarketing, Inc., Google's largest Search Engine Marketing (SEM) and Search Engine Optimization (SEO) provider in Northern China centered on the metropolitan area of Beijing, for integration and maintenance fees of at least $0.63 million.

Cal Lai, the Company's President and CEO, commented, "We believe that this is an important step for us in our bid to expand our e-commerce business and participate in the growth of online transactions in China. We expect that the revenues from this agreement will strengthen our financial position and support the execution of our business plan."

"Our portfolio companies have captured significant online user traffic with the growth in China,