Left Menu
Development News Edition

NetLinkz receives cash proceeds from China Telecom Wuxi Pilot for sale of VINs

PR Newswire | Sydney | Updated: 26-06-2019 14:03 IST | Created: 26-06-2019 14:03 IST
NetLinkz receives cash proceeds from China Telecom Wuxi Pilot for sale of VINs
Image Credit: Pixabay

NetLinkz Ltd ('NetLinkz') is pleased to announce that today it has received cash proceeds of AUD$160,000 for the sale of VINs as a VPN replacement product from its pilot program with China Telecom Wuxi for the period October 2018 to March 2019 from its Mainland China reseller based in Hong Kong and its Mainland China-based agent JASTVIN.

The agreements the Company has in place and the receipt of these payments from the China reseller demonstrate the continuing demand by Chinese corporate customers, confirm the success of the pilot program and the process and effectiveness of the structures that allow the Company to receive cash payments from the sale of its product in China.

The sales of the VPN replacement product through JASTVIN will now continue through 51 cities in China.

This structure will allow the Company to progress additional sales and revenue initiatives including opportunities generated from the IoT Lab with iSoftStone in Beijing as announced to the market on 1 March 2019.

The Company anticipates these processes and initiatives will assist the Company to provide the market with guidance on sales and revenue.


TRENDING

OPINION / BLOG / INTERVIEW

Pandemic must be impetus, not obstacle, for clean water access

To make matters worse, there are suspicions that the inadequacy of wastewater treatment methods in California, the rest of the USA, and indeed around the world may help to propagate the disease even more widely. ...

3D printing and the future of manufacturing post COVID-19

The on-demand, customizable, and localized manufacturing of product components facilitated by 3D printing has the potential to redefine manufacturing but there are certain technical, mechanical, and legal limitations that, unless ...

How UK’s 'best prepared' healthcare system failed to gauge COVID-19

The UK is proud of their public health system and its unlike any other country as around 90 percent of British public supports the founding principles of National Health Service. But without accurate data being available to stakeholders in ...

Poor on IHR capacity progress in 2019, WHO says Cambodia tops COVID-19 response

Despite being in proximity to Hubei, the original epicenter of COVID-19 pandemic, Cambodia has reported just 226 confirmed cases and zero deaths. After seeing the data, WHO appreciated Cambodias healthcare information system but experts dou...

Videos

Latest News

Belarus opposition member briefly detained on eve of presidential election

Belarus police briefly detained and then released a prominent member of the opposition challenging President Alexander Lukashenko in a presidential election, the campaign team said on Saturday.Maria Kolesnikova was detained in what police s...

J-K LG approves grant of 'special move TA' of Rs 25,000 to employees irrespective of actual movement

Lieutenant Governor of Jammu and Kashmir Manoj Sinha on Saturday approved a grant of special move travelling allowance TA of Rs 25,000 to all employees irrespective of actual movement as a special case this year. Rohit Kansal, Jammu and Kas...

Deion Sanders takes aim at players who opt-out

Pro Football Hall of Fame cornerback and current NFL Network analyst Deion Sanders has taken issue with players who elect to opt-out on their respective upcoming seasons due to concerns surrounding the coronavirus pandemic. All Players OPTI...

Sixers' Simmons to have surgery on left knee

Philadelphia 76ers All-Star Ben Simmons will have potentially season-ending surgery on his left knee, the team announced Saturday. The 24-year-old guardforward will leave the NBA bubble near Orlando for the procedure. A timetable for his re...

Give Feedback