New York, Dec. 10, 2019 (GLOBE NEWSWIRE) — NF Energy Saving Corporation (NASDAQ: BIMI) (“BIMI” or the “Company”) today announced the launch of Boqi Zhengji Online Medical APP, which is a B2C e-commerce platform for medicines and health products.Through the app, customers can now register to be members, locate a nearby Boqi Zhengji pharmacy, and browse drug information for in-store pickup. The app passed testing on Dec. 6 and is now fully accessible to customers. What’s more, NF Energy Saving Corporation is expected to be licensed to sell drugs online within 45 days. After registration of the app, customers will be able to buy medicines and health products online at discount.NF Energy Saving Corporation plans to adopt a member-centric O2O business model in the pharmaceutical industry. The company is also building online applications such as group purchasing organization (GPO) platforms, online hospitals, and remote diagnosis service platform.“E-commerce makes drug prices more transparent and market-oriented, which benefits both chain drugstores and customers,” said Mr. Tiewei Song, Chief Executive Officer and President of NF Energy Saving Corporation. “The launch of Boqi Zhengji Online Medical APP is going to be a good start for our member-centric O2O business model. We believe that the app can deliver value to customers and patients across the country and boost member engagement.”About NF Energy Saving CorporationNF Energy Saving Corporation (NASDAQ: BIMI) is a China-based provider of integrated energy conservation solutions utilizing energy-saving equipment, technical services and energy management re-engineering project operations to provide energy saving services to clients. In February 2019, the Board of Directors of the Company was reorganized following efforts led by Mr. Yongquan Bi, the Company’s new Chairman, with a renewed focus on the health industry.Safe Harbor StatementThe statements contained herein that are not historical facts are considered “forward-looking statements.” Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “should,” or “anticipates” or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In particular, statements regarding the efficacy of investment in research and development are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the effect of political, economic, and market conditions and geopolitical events; legislative and regulatory changes that affect our business; the availability of funds and working capital; the actions and initiatives of current and potential competitors; investor sentiment; and our reputation. We do not undertake any responsibility to publicly release any revisions to these forward-looking statements to take into account events or circumstances that occur after the date of this report. Additionally, we do not undertake any responsibility to update you on the occurrence of any unanticipated events, which may cause actual results to differ from those expressed or implied by any forward-looking statements. The factors discussed herein are expressed from time to time in our filings with the Securities and Exchange Commission available at http://www.sec.gov.IR Contact:
Dragon Gate Investment Partners LLC
Tel: +1(646)-801-2803
Email: [email protected]
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