Montreal, Canada -- USA Real Estate Holding Company (OTC PINK: USTC), a diversified public holding company, announced that it has signed a letter of intent ("LOI") with SDT Holdings, Inc./Wuhan General Group (China), Inc. (OTC PINK: WUHN) to launch multiples cryptocurrencies mining operations.
Under the LOI, USTC will identify and procure the warehouse for the setup of the bitcoin and cryptocurrency mining operations, and WUHN will purchase and provide mining rigs within the facilities. Both Companies will negotiate a profit-sharing structure in the final agreement within 120 days.
"We're pleased to announce this partnership with WUHN as we seek to grow the company significantly over the next 24 to 36 months," said Bilal Shafi, CEO of USTC.
"We are very excited to sign this LOI, and we are confident that this partnership will drive accelerated revenues to both Companies, as we share each's expertise," said Ramy Kamaneh, CEO of SDT Holdings, Inc.
About SDT Holdings, Inc.
SDT Holdings, Inc. is a Montreal-based industrial technology holding company that focuses on the development, production, and commercialization of its four subsidiaries, specializing in these areas: mining electrification, cryptocurrencies/blockchain, industrial batteries, internet of things, and artificial intelligence for the industrial market.
Publicly traded company (OTC Pink: WUHN)
For further information, contact:
Investor relations: (407) 712-8965
About USA Real Estate Holding Company:
USA Real Estate Holding Company (OTC PINK: USTC) is a public holding company that targets acquisitions of undervalued niche companies with high growth potential, including real estate properties, Fintech companies, and other emerging digital technologies, among them bitcoin/cryptocurrencies and blockchain.
Publicly traded company (OTC Pink: USTC)
For more details, please visit us at www.usarealestateholding.com.
Bilal Shafi, CEO
This press release includes various "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, which represent the Company's expectations or beliefs concerning future events. Statements containing expressions such as "believes," "anticipates," "intends," or "expects," used in the Company's press releases and in Disclosure Statements and Reports filed with the Over the Counter Markets through the OTC Disclosure and News Service are intended to identify forward-looking statements. All forward-looking statements involve risks and uncertainties. Although the Company believes its expectations are based upon reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurances that actual results will not differ materially from expected results. The Company cautions that these and similar statements included in this report are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof.