• Infobird was featured in a recent SmallCapsDaily article that encouraged tech investors to grab IFBD’s stock as it looks to be a very compelling investment proposition
• This favorable outlook follows two new agreements announced within ten days and which represent the company’s diversification into the retail industry
• Infobird also expects its 2021 revenue will grow by 50% to between $22-$25 million
• The company is keen on accelerating the promotion of its marketing, customer service, and other related products in the retail industry

Infobird (NASDAQ: IFBD) was recently featured in an article by leading financial news website and publisher, SmallCapsDaily (https://ibn.fm/kJ6qB). Observing that the cloud computing domain commands the highest valuation, the piece notes that it has become extremely difficult to find reasonably priced stocks with cloud-oriented business models, particularly within the software-as-a-service (“SaaS”) market. Yet, IFBD trades at a “very cheap valuation, even below its IPO.” 

Even so, the article sheds light on a few elements that have not been factored into the current valuation, leading to the lower-than-expected valuation. These elements position IFBD as a very compelling investment proposition. 

Founded in 2001 and headquartered in Beijing, China, Infobird has grown over the years. It transitioned from its focus on call center services into a full-fledged tech solutions provider of customized AI-enabled, cloud-based customer engagement management solutions, having shifted from its initial standardized SaaS module model to a customized SaaS format recently. 

At the outset, Infobird, which also offers cloud-based sales force management software solutions, dealt primarily with companies in the financial services industry but has since expanded its focus into other sectors – its most recent diversification move is its entry into the retail industry. 

“Recently,” reads the article (https://ibn.fm/BSnPd) “Infobird issued two press releases announcing that it was awarded two new client assignments with large and well-known customers in the retail industry, a clear sign that the company is successfully executing its strategy of entering this new large and growing industry sector.”

The Chinese retail sector has indeed witnessed growth over the last two decades. Valued at 3.9 trillion yuan ($557 billion at current exchange rates) in 2000, the sector grew to 36 trillion yuan ($5.6 trillion) in 2020 (https://ibn.fm/W0LA3). It is expected to expand further at an annual growth rate of 12.4% in 2021 and 7.1% in 2022 (https://ibn.fm/tnEZC). 

Through its strategic move, Infobird intends to help its clients achieve performance growth, in effect mirroring the sector’s upward trend. Further, as a company that is now committed to accelerating the promotion of its marketing, customer service, and other related products in the retail industry, these two assignments with Zu Li Jian and SaSa Cosmetics (China) Co., Ltd demonstrate its diversification strategy and cement its entry into this growing sector.

Notably, the impact of this strategy extends beyond Infobird’s and its clients’ locus as it sends a clear message that IFBD “is aiming for the sky and is not expected to slow down its growth initiatives.” The article, which further notes that the announcement points to an undervaluation of IFBD’s stock, encourages tech investors to quickly seize the opportunity while the profitable SaaS stock is still cheap. 

“This [diversification] strategy, together with the expectation from the company that revenues for fiscal 2021, ending December 31, 2021, will be between $22 million and $25 million, an expected growth rate of more than 50% is why the company looks to be a very compelling investment proposition,” the article continues.

For more information, visit the company’s website at www.Infobird.com/en/index.html.

NOTE TO INVESTORS: The latest news and updates relating to IFBD are available in the company’s newsroom at https://ibn.fm/IFBD

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