SUIC, Beneway, and Subsidiary Boom Fintech with 9 Revolutionary Fintech Patents, Seeking $100 Million in IP Financing, Fast Track Beneway USA’s IPO

Rhea-AI Summary

SUIC Worldwide Holdings (OTC PINK:SUIC) announces an agreement with BD Bankers to access up to $100 million in Intellectual Property (IP) Financing for Boom Fintech Inc. to integrate advance systems and fintech patents. The partnership aims to support global partner merchants, franchisees, and suppliers, accelerating plans for an IPO of Beneway USA. SUIC is a major investor in Beneway USA, emphasizing the importance of advanced patent technology for business growth and shareholder value.

Agreement with BD Banker will support advancement of B2B financing, fintech patent technologies, and fast track Beneway USA's IPO

NEW YORK, NY and TAIPEI, TAIWAN / ACCESSWIRE / April 2, 2024 / SUIC Worldwide Holdings Ltd. (OTC PINK:SUIC), along with Boom Fintech Inc., a fully-owned subsidiary of Beneway Holdings Group, Ltd. USA, today announces an agreement with BD Bankers to access credit of up to $100 million in Intellectual Property (IP) Financing intended for the integration of advance systems and fintech patents held by Boom Fintech Inc. This new development brings substantial support for the company's global partner merchants and franchisees, bolsters supply chain integration for suppliers and accelerates plans for an initial public offering of Beneway USA.

Boom Fintech, Inc. (Taiwan) is a majority-owned subsidiary of Beneway USA which currently holds an extensive IP portfolio with nine revolutionary Fintech patents. Boom Fintech integrates payment systems, electronic invoice devices, mobile cash register, POS system devices, enterprise resource planning, as well big data + AI and other services into an "All-in-One" product to provide standardized, intellectual property modular to all industries, from chain department stores to night market vendors.

The IP lending-financing will be used in B2B financing of our merchants, and to support their development of B2B technology. SUIC and Beneway USA will join hands with Boom Fintech and continue to provide advanced technology that accelerates expansive growth and market integration.

"SUIC is the biggest investor, shareholder and major operating partner of Beneway USA. This is an opportunity for SUIC to optimize our overall performance as these strategic collaborations come at a crucial moment as advanced patent technology innovations have become available. We believe that this will strongly support our business partners, merchants and franchisees and drive our collective efficiency and growth in the near future. We are intent in achieving the highest value for our shareholders. We highly value the trust of our customers and partners in our successful expertise and integrated supply chain over the years," said Hank Wang, CEO of SUIC.

About SUIC Worldwide Holdings Ltd., USA

SUIC Worldwide Holdings Ltd. provides research and development, venture financing for and investing in private enterprises and the public sector that develop products and services adopting core capabilities of the Internet of Things, cloud computing, mobile payment, big data, blockchain, and artificial intelligence, to enhance and streamline existing processes, and establish new and exciting business models that will create revolutionary products and services. Shareholders of SUIC will be exposed to the diverse application of advanced services in various parts of the economy. Additionally, existing and potential customers can benefit from this company's diversified portfolio of technologies. As one of the pioneering, publicly traded technology companies, SUIC will help build tech-enabled businesses of the future. To learn more, please visit www.sinounitedco.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology. However, not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at which such performance or results are achieved. This press release is considered considering all Company filings contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.

Contact:

SUIC Worldwide Holdings Ltd.
News Release Department
929-391-2550

Corporate Communications:

IBN
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com

SOURCE: SUIC Worldwide Holdings Ltd.

View the original press release on accesswire.com

FAQ

What is the purpose of the agreement between SUIC and BD Bankers?

The agreement aims to provide up to $100 million in Intellectual Property (IP) Financing for Boom Fintech Inc. to integrate advance systems and fintech patents.

Who is the majority-owned subsidiary of Beneway USA involved in this agreement?

Boom Fintech, Inc. (Taiwan) is the majority-owned subsidiary of Beneway USA involved in this agreement.

What is the focus of Boom Fintech's IP portfolio?

Boom Fintech's IP portfolio includes nine revolutionary Fintech patents focusing on payment systems, electronic invoice devices, mobile cash register, POS system devices, enterprise resource planning, big data + AI, and other services.

How will the IP lending-financing be utilized?

The IP lending-financing will be used in B2B financing of merchants and to support their development of B2B technology.

Who is the biggest investor, shareholder, and major operating partner of Beneway USA?

SUIC is the biggest investor, shareholder, and major operating partner of Beneway USA.