BAGHDAD, Iraq, Jan. 12, 2017 (GLOBE NEWSWIRE) — Ziyen Inc., a US business intelligence and software company, announced it has acquired a stake in Iraq TradeLink, a leading news agency based in Baghdad.
The stock purchase by Ziyen Inc. for 10% stake in Iraq TradeLink News Agency fits into the company’s strategy to establish a presence in Iraq, and the partnership agreement reached between the two companies to cooperate in the fields of media, news and advertisement. The agreement was signed by the Editor in Chief of the Iraq TradeLink News Agency, Mr. Mohammed Jaffar Dawood, and Alastair Caithness, the CEO of Ziyen. As part of the agreement Mr. Dawood was elected a member of the board of directors of Ziyen.
Ziyen Inc., who was qualified by the SEC under Regulation A+, currently operates the procurement portal, Rebuilding Iraq, which provides US and other International companies information about oil and gas, construction and other infrastructural contracts in Iraq. Rebuilding Iraq has seen rapid growth over the last 12 months, and has over 220,000 followers across social media.
Iraq TradeLink News Agency (http://www.iraqtradelinknews.com) has its affiliation publication of the only economic newspaper in Iraq, both in Arabic and English language, called The New Economist, which was established in 1998. Despite the changes in the ruling of the country, it remained the only Iraqi economic newspaper. Iraq TradeLink, also, operates in collaboration with The New Economist specialized publications for Oil and Gas, Construction, Healthcare, Finance and IT industry sectors, as well as working directly with the Iraqi governmental establishments, with plans to hold a number of international exhibitions.
Alastair Caithness, the CEO of Ziyen Inc. said,
“Our company has been looking to establish a presence in Iraq, and by creating a partnership agreement with the number one economic news agency in the country, it allows us to diversify our portfolio and fits in with our strategy of becoming the leading International news and business intelligence company operating in Iraq.”
More about Ziyen Inc. and Regulation A+
Ziyen Inc. a US business intelligence and software company, was qualified by the SEC under Regulation A+ in October 2016 and is aiming for quick completion of the listing process on the OTC in 2017. In the past only wealthy institutions, venture capitalists and angel investors could provide early stage private investments in the latest start-ups, but this has all changed through the JOBS Act. Through Regulation A+, the barriers everyday citizens have experienced in participating in early stage private investment have now vanished. For more information about the company and investment opportunities visit http://www.ziyen.comand http://www.crowdfundingrega.com
Forward Looking Statements
Certain statements in this press release including, but not limited to, statements related to anticipated commencement of commercial production, targeted pricing and performance goals, and statements that otherwise relate to future periods are forward-looking statements. These statements involve risks and uncertainties, which are described in more detail in the Company’s periodic reports filed with the SEC, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements are made and based on information available to the Company on the date of this press release. Ziyen Inc. assumes no obligation to update the information in this press release.