Business

Longming Wu Resigns From The Board Of Mercurity Fintech Holding Inc (NASDAQ: MFH): Reports Dismal Revenues Of $81,000 In Q1 2021: Alan Masarek Joins Markforged

Longming Wu relinquished his director post from the board of directors of Mercurity Fintech Holding Inc (NASDAQ: MFH) for personal reasons with effect from July 7, 2021. 

Co- CEO and the Chairperson – Alva Zhou said Longming has made significant contributions to the company and expressed gratitude on behalf of the management and board of directors. 

The Director of the Board and Co-Chief Executive Officer, Mr. Liu Hao, also thanked Longming on behalf of the director board and the management team for his valuable contributions. 

Mercurity helps businesses and individuals instantly facilitate cross-border remittances worldwide through financial institutions and banks using blockchain technology.

Mercurity posts $81,000 revenues

Mercurity reported dismal revenues of $81,000 in Q1 2021 versus $1,392 thousand in Q1 2020. Its profit also slumped to $47,000 in Q1 2021 against $1,313 thousand in Q1 2020. 

Alva Zhou said the company is transforming its business and yet to realize revenues from its DeFi platform-related products. It will explore new avenues in the digital industry. 

Mercurity is committed to creating growth and improved performance in the future for its investors. 

Alan Masarek Joins The Director Board of Markforged

Markforged said Alan Masarek has joined as a director in its director board as the chairman. He will serve the company with immediate business integration with one (NYSE: AONE) likely in mid-July 2021.

Alan would contribute over 25 years of experience in business services, information technology, and communications companies. His recent stints include the board member and CEO of Vonage (NASDAQ: VG). 

He played a pivotal role in transforming the legacy business that provides VoIP-based home phone services into an international cloud communications company. Vonage also took over eight companies during his tenure. As a result, its market capitalization quadrupled to over $2.5 billion. 

Alan also worked as a director at Chrome & Apps at Google, Inc before joining Vonage. Markforged CEO, Shai Terem, said Alan worked throughout his career with disruptive thinking. Therefore, Alan is the right choice for Markforged at this critical juncture.

With experience in growing and building companies, Alan is an excellent asset for Markforged as it looks to improve its customer base, reinvent production, and boost revenues.

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