Jade Global Holdings Closes Funding Round; Begins to Build Global Trading Platform
Jade sales and promotion company gets financial backing from top jade collectors
MIAMI, May 31, 2017 (GLOBE NEWSWIRE) — Jade Global Holdings, Inc. (OTCQB:JADG), a company dedicated to establishing a global platform for the promotion, sale and trading of jade collectibles and jade jewelry, announced today it has closed its most recent round of funding, led by several top Chinese jade collectors and entrepreneurs. The Company is developing multiple avenues for buying and selling jade products, and hopes to launch its eCommerce website in the second half of 2017.
Jade Global Holdings is making jade more accessible to all people globally. Until the Company’s entry into the global jade trade, there has been no centralized market for the trading of jade and jade products. Jade Global Holdings plans to grow into a vertically integrated global company that will comprise international mining operations, jewelry design and manufacturing, retail operations, wholesale trade, global depository and an online trading platform.
“As a longtime admirer of collectible jade products, I am amazed by the opaqueness of the current state of the market, especially in light of how much jade is traded globally,” said Scott Silverman, Chief Financial Officer of Jade Global Holdings. “Traditionally, there has been no way to purchase a variety of high quality jade products unless one traveled to Asia or other locales where a concentration of jade products are sold. Even then, transactions were fraught with risk of fraud, especially to uneducated consumers. Jade Global Holdings intends to bring more transparency to this global market by launching multiple platforms that allow for the purchase, sale and trade of verified and appraised high quality jade products. We are excited to close on this round of funding so we can begin to execute our business plan.”
The funding will be used to expand commercial operations and begin to build out the Company’s various jade trading platforms.
About Jade Global Holdings
Jade Global Holdings, Inc was formed in March 2011 to engage in the wholesale and retail trade of jade and jade products through retail stores and online trading platforms. For more information, please visit our website at www.jadeglobalholdings.com.
This press release contains forward-looking statements, particularly as related to, among other things, the business plans of Jade Global Holdings, statements relating to goals, plans and projections regarding Jade Global Holdings’ financial position and business strategy. The words or phrases “plans,” “would be,” “will allow,” “intends to,” “may result,” “are expected to,” “will continue,” “anticipates,” “expects,” “estimate,” “project,” “indicate,” “could,” “potentially,” “should,” “believe,” “think,” “considers” or similar expressions are intended to identify “forward-looking statements.” These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of local, regional, and global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
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