E-Home Household Services Holdings Limited Enters the Metaverse Space with Digitalized Business Transformation Initiatives

Rhea-AI Summary

E-Home Household Service Holdings Limited (EJH) has announced its entry into the metaverse with plans for digital transformation in household services. The company intends to create metaverse brand ambassadors, enhancing online marketing and offering 24/7 customer service. Additionally, E-Home will establish an AI technology unit to facilitate strategic partnerships for developing a Metaverse platform. CEO Wenshan Xie highlighted that these initiatives aim to improve operational efficiency and reduce costs through digital training and services, anticipating strong growth in earnings as the metaverse trend continues.

Positive

• E-Home is entering the metaverse, which is a trending area with potential for growth.
• Plans to create digital brand ambassadors and provide 24/7 customer service enhance customer engagement.
• AI technology unit formation could lead to innovative solutions and partnerships.
• Digitalized training and customer service are expected to improve operational efficiency.

Negative

• None.

FUZHOU, China, Feb. 16, 2022 (GLOBE NEWSWIRE) -- E-Home Household Service Holdings Limited (Nasdaq: EJH) (the "Company" or "E-Home"), a provider of integrated household services in China, today announced that the Company will enter the metaverse space with digitalized business transformation initiatives. The Company plans to launch future online marketing campaign via the creation of metaverse brand ambassadors and to provide 24/7 customer service as well as training for household services personnel in the virtual world containing immersive experiences in on-demand training video, networking with customers and intelligent household services.

E-Home will set up an artificial intelligence (AI) technology unit and form strategic collaborations with various AI technology partners to develop the Metaverse platform that bridges the digital and physical world to meet customers’ demand in this new digitalized era.

Mr. Wenshan Xie, Chairman and CEO of E-Home, commented: “E-Home continues to adapt and innovate in a time where technology is rapidly evolving at a faster pace than ever. The metaverse strategy improves E-Home’s operation efficiency and lowers operational costs as standard training and customer services are digitalized in the virtual world and both our staff and customers can access these resources anytime, anywhere on demand. We are thrilled to announce these new strategies at a time when metaverse is trending across all industries and are also looking forward to the business opportunities and strong earnings growth potential from our new initiatives, but more importantly, remaining at the forefront of disrupting the way household services are provided.”

About E-Home Household Service Holdings Limited

E-Home Household Service Holdings Limited is a household service company based in Fuzhou, China. The Company, through its website and WeChat platform "e家快服", provides integrated household services, including appliance installation and maintenance, housekeeping services, and Internet based home and senior care. For more information, visit the Company's website at http://www.ej111.com/ir.html.

Forward-Looking Statements

All statements other than statements of historical fact in this announcement are forward-looking statements in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions are intended to identify such forward-looking statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to consider risk factors, including those described in the Company's filings with the SEC, that may affect the Company's future results. All forward-looking statements attributable to the Company and its subsidiaries or persons acting on their behalf are expressly qualified in their entirety by these risk factors.

For more information, please contact:
Chunming Xie
Investor Relations
Email: xcm@ej111.com
Phone: +86 15359908086

Janice Wang 
EverGreen Consulting Inc.
Email: IR@changqingconsulting.com
Phone: +1 571-464-9470 (from U.S.)
            +86 13811768559 (from China)

FAQ

What is E-Home Household Service Holdings Limited's strategy involving the metaverse?

E-Home plans to enter the metaverse by creating brand ambassadors and offering digital customer service and training.

How will E-Home improve operations through its metaverse initiatives?

The metaverse strategy aims to enhance operational efficiency and reduce costs by digitalizing training and customer services.

What role will AI play in E-Home's metaverse strategy?

E-Home will establish an AI technology unit and collaborate with partners to develop its Metaverse platform.

What growth potential does E-Home anticipate from its new initiatives?

E-Home expects strong earnings growth potential from its metaverse initiatives as technology trends evolve.

When was the announcement about E-Home's metaverse plans made?

The announcement was made on February 16, 2022.