August 14

mict

MICT Reports Financial Results for the Second Quarter Ended June 30, 2020


• Conference call scheduled for Monday, August 17, 2020 at 9:00 a.m. EDT 

• Closed acquisition of Global Fintech Holdings with $15 million in committed funding

 • Increased stake in Micronet telematics business to over 50%


Montvale, NJ – August 14, 2020 - MICT, Inc. (Nasdaq: MICT), today announced financial results for the three months ended June 30, 2020. “We are very pleased and excited to have recently closed the acquisition of Global Fintech Holdings (GFH) and increased our stake in Micronet to majority owner, which we believe positions MICT to grow revenues and earnings through operating businesses in the global fintech and telematics industries. Pending shareholder approval at our September 3, 2020 special meeting of stockholders, MICT will receive the balance of the $15 million that remains to be funded, which will enable MICT to execute...

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About MICT, Inc. MICT, Inc. (NasdaqCM: MICT) operates through Micronet Ltd. (“Micronet”), a former subsidiary, in which MICT previously held a majority ownership interest that has since been diluted to a minority ownership interest. Micronet operates in the growing commercial Mobile Resource Management (MRM) market, mainly in the United States. Micronet designs, develops, manufactures and sells rugged mobile computing devices that provide fleet operators and field workforces with computing solutions in challenging work environments.

 

Contact Information


Tel: (201) 225-0190

info@mict-inc.com

 


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