yandai wang sos ltd

This system provides innovative marketing solutions to clients, such as insurance companies, financial institutions, medical institutions, healthcare providers, auto manufacturers, and other service providers in the emergency rescue services industry. The suit claimed that SOS changed its business model multiple times and made false statements about the location of its offices, the nature of cryptocurrency mines it claimed to have purchased and agreements it had with other fabricated businesses. The Center is designed to host super-computing servers inside mobile smart containers which are also called containerized data centers. Mr Wang is 43, he's been the Exec. Mr. Yandai Wang, CEO and Chairman of SOS, commented, "This launch marks the step-by-step implementation of the company's plan. Current positions of Yandai Wang It focuses on the research and development of big data, cloud computing, Internet of Things, block chain and artificial intelligence. These risk factors and those identified elsewhere in this press release, among others, could cause actual results to differ materially from historical performance and include, but are not limited to: Local government's policies and regulatory oversight of crypto currency mining operation and our other operations; SOS's blockchian and supercomputing, commodity trading and marketing solutions businesses are still under development, with many uncertainties in the future direction and integration of these various business segments; Failure to manage the newly launched commodities trading business effectively; Loss of key customers in the commodity trading business; failure to access a large quantity of power at reasonable costs could significantly increase SOS operating expenses and adversely affect our demand for SOS's mining activities; any significant or prolonged failure in the data warehouse facilities and data mining facilities that SOS operates or services it provides, including events beyond its control, would lead to significant costs and disruptions and would reduce the attractiveness of its facilities, harm its business reputation and have a material adverse effect on its results of operation; security breaches or alleged security breaches of our data warehouses could disrupt SOS operations and have a material adverse effect on its business, financial condition and results of operation; uncertainty in global supply chain and international shipping and. AIT 1132021. View original content:https://www.prnewswire.com/news-releases/sos-ltd-announces-launch-of-north-america-operations-with-opening-of-its-super-computing--hosting-center-in-wisconsin-301523787.html, SOS Limited (NYSE: SOS) (the "Company" or "SOS") today announced launch of, its Super-Computing and Hosting Center in, Over the past nine months, SOS management and its US team have been diligently developing its Super-Computing and Hosting Center in. Both options are priced the same. In response to developments in the laws and regulations pertaining to blockchain operations in China, SOS has begun shifting its bitcoin mining operations to the U.S. Before making any investment, you should do your own analysis. SOS has obtained a national high-tech enterprise certification and the title of "Big Data Star Enterprise," awarded by the Gui'an New District Government. Attorneys from the other firms did not respond to requests for comment. SOS warns that forward-looking statements are subject to many assumptions, risks and uncertainties that will change over time. QINGDAO, China, June 21, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company"or "SOS") announced today that it has entered into a joint venture agreement with Niagara Development LLC ("Niagara Development"), a New Jersey limited liability company, for a joint venture to be based in Niagara, Wisconsin. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Mr. Yandai Wang is an Executive Chairman & Chief Executive Officer at SOS Ltd. and a Chairman & Chief Executive Officer at Sos Information Technology Co., Ltd. Bloomberg Markets Americas. For more information, please visit: http://www.sosyun.com/. Since. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and you should not place undue reliance on these forward-looking statements in deciding whether to invest in our securities. Company Description SOS Ltd. is a holding company, which provides marketing data, technology and solutions to the emergency rescue services in China. But Pascal wrote that the$5 million settlement was reasonable for several reasons. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Yandai Wang. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Forward-looking statements may be identified by the use of words such as "anticipate," "believe," "expect," "estimate," "plan," "outlook," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. The settlement represents a recovery of 6.5% of $76 million, which is the best-case scenario for recovery ofdamages by the class. We will launch more mining rigs as we sign additional contracts with . U.S. District Court for the District of New Jersey Judge Assigned Hon. (dd, ). Most stock quote data provided by BATS. Under the agreement, the new joint venture will be called SOS Ronghe Digital Technology Co., Ltd., aka SOS Ronghe. All rights reserved. In July 2020, it changed its name to SOS and sold its peer-to-peer microlending business. When typing in this field, a list of search results will appear and be automatically updated as you type. SOS has created a cloud "software as a service (SaaS)" platform for emergency rescue services. Specifically, forward-looking statements may include statements related to the following matters of the company: Ability to implement its business plan;Changes in SOS product and service market; andExpansion plans and opportunities. No potential class members objected to the settlement terms, even after more than 125,000 notices of the settlement terms were sent out by various means. SOS Limited is based Qingdao, the People's Republic of China. Copyright 1997-2022 OffshoreAlert. For more information, visit: https://www.prnewswire.com/news-releases/sos-ltd-announces-launch-of-north-america-operations-with-opening-of-its-super-computing--hosting-center-in-wisconsin-301523787.html. These containers hold the complete technological infrastructure of a classic data center, but are housed in a steel container. As a result, caution must be exercised in relying on forward-looking statements. Why? Mr. Yandai Wang, CEO and Chairman of SOS, commented, "This launch marks the step-by-step implementation of the company's plan. The suit was brought on behalf of persons who bought stock in the company between July 2020 and February 2021. Defendant Dr. Eric H. Yan ("Yan") was hired by SOS on January 6, . 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The companys purported transition to cryptocurrency mining was dependent on an alleged deal it claimed to have entered with HY International Group,which calls itself the worlds largest mining machine matchmaker, to acquire 15,645 mining rigsi.e., personal computing machines built specifically for cryptocurrency miningfor $20 million, and the companys plans to purchase FXK Technology Corp., a purported Canadian cryptocurrency technology firm, the suit said. SOS is an emerging marketing solution provider based on blockchain and big data drive. Such forward-looking statements include timing of the proposed transaction; the business plans, objectives, expectations and intentions of the parties; SOS' estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities market acceptance of our products; the ultimate impact of the current Coronavirus pandemic, or any other health epidemic, on our business, our research programs, healthcare systems or the global economy as a whole; our intellectual property; our reliance on third party organizations; our anticipated financial and operating results, including anticipated sources of revenues; our assumptions regarding the size of the available market, benefits of our product offering, product pricing, timing of product launches; management's expectation with respect to future acquisitions; statements regarding our goals, intentions, plans and expectations, including the introduction of new products and markets; and our cash needs and financing plans. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. other risks and uncertainties indicated in SOS's SEC reports or documents filed or to be filed with the SEC by SOS. SOS is a new high-tech company with artificial intelligence and blockchain as its core technologies. Attorneys from Faegre Drinker Biddle & Reath represented SOS and co-defendants Yandai Wang and Eric Yan. SOS Limited , through its operating subsidiary, SOS Information Technology Co., Ltd. ("SOS") is a high-technology company providing a wide range of services to its corporate and individual. That firms Sandra Grannum declined to comment on the settlement. Class Action Complaint alleging fraud in Kimberly Beltran v. SOS Limited, described as a Cayman Islands-domiciled, China-based technology company that purportedly provides marketing data, technology, and solutions for emergency rescue services whose securities are listed on the New York Stock Exchange; Yandai Wang, and Eric H. Yan at the U. S. District Court for the District of New Jersey. We do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Terms of Service, The company's stock price plunged after analysts reported that SOS was "an intricate, 'pump and dump' scheme that used fake addresses, undisclosed related entities, and doctored photos of cryptocurrency mining rigs to create an illusion of success.". Access this case on the New Jersey District Court's Electronic Court Filings (ECF) System. Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALMs deep bench of proprietary information to provide insights that cant be found anywhere else. Currently, Yandai Wang is Executive Chairman & Chief Executive Officer for SOS Ltd. and Chairman & Chief Executive Officer at Sos Information Technology Co., Ltd. Executive Chairman & Chief Executive Officer . At present, it includes cryptocurrency mining and may be extended to cryptocurrency security and insurance in the future. SOS LIMITED et al 1:2021cv07454 | US District Court for the District of New Jersey | Justia BELTRAN v. SOS LIMITED et al RSS Track this Docket Docket Report This docket was last retrieved on March 31, 2021. Map Phone: +86 532 86617117 Fax: - https://service.sosyun.com Incorporated. https://www.law.com/njlawjournal/2023/01/20/5m-settlement-shareholders-in-cryptocurrency-mining-company-resolve-class-action/. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? Mr. Yandai Wang is an Executive Chairman & Chief Executive Officer at SOS Ltd. and a Chairman & Chief Executive Officer at Sos Information Technology Co., Ltd. SOS has no insurance coverage and must pay the settlement out of its own pockets, and in 2021 China banned crypto-mining and cryptocurrency transactions, which limits the companys future prospects, according to Pascal. Over the past nine months, SOS management and its US team have been diligently developing its Super-Computing and Hosting Center in Wisconsin. There are 1 older and no younger executives at SOS. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. QINGDAO, China, April 12, 2022 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") today announced launch of its Super-Computing and Hosting Center in Wisconsin. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. Pictures of these self contained data centers can be found on the SOS website, (http://www.sosyun.com/). Yandai Wang, Chairman of SOS, commented, "SOS continues to increase its development of comprehensive blockchain solutions for digital trade, digital finance and other industries. Yandai Wang is the Exec. A subscription to PACER is required. Staying on the forefront of digital technology innovation, the Company has registered 99 software copyrights and 3 patents. Chairman & CEO at SOS. Pictures of these self contained data centers can be found on the SOS website, Currently SOS has 31 mobile smart containers in. SOS has created a cloud "software as a service (SaaS)" platform for emergency rescue services, with three major product categories: basic cloud, cooperative cloud, and information cloud. SOS disclaims any obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise. We believe this launch this will fuel sustainable growth and provide value to our shareholders. All Rights Reserved. Our Team Account subscription service is for legal teams of four or more attorneys. The stock price of Sos Ltd (NYSE: SOS) is trading at over 2% pre-market today. As a result, SOSs public statements were false and misleading, the suit said. It is also engaged in blockchain and cryptocurrency business. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Kimberly Beltran v. SOS Ltd. et al: Class Action Complaint. Source: Kantar Media, Executive Chairman & Chief Executive Officer. Certain statements made herein are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. At that time it claimed to rebrand itself as an emergency services business, but less than a year later, it again shifted its focus, this time to cryptocurrency mining, the suit claimed. The company serves insurance companies, financial institutions, medical institutions, healthcare providers, auto manufacturers, security providers, senior living assistance providers, and other service providers in the emergency rescue services industry. Aaronson Rappaport Feinstein & Deutsch, LLP Is Pleased To Announce Patrick P. Mevs & Daniel W. Milstein Have Become Members Of The Firm. Launch marks the step-by-step implementation of the Firm containers which are also called containerized centers. Source: Kantar Media, Executive Chairman & Chief Executive Officer created a cloud `` as! Dr. Eric H. Yan ( & quot ; ) was hired by SOS on January 6, Fax -. The Firm we believe this launch this will fuel sustainable growth and provide value our. 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