Agora Holdings Inc. Completes Due Diligence on eSilkroad, a Developing Global B2B Social Networking Platform

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TORONTO, ON, March 13, 2018 (GLOBE NEWSWIRE) -- Agora Holdings Inc. (OTC PINK: AGHI) (the “Company”) today announced that it has completed its due diligence in respect to the terms of a letter of intent (“LOI”) entered into between ESILKROAD NETWORK LIMITED, a limited partnership incorporated under the laws of Hong Kong and its controlled subsidiary, eSilkroad of Ukraine, an entity formed and operating in the Ukraine, (collectively the “targets”) and the Company on March 1, 2018.

As a result, the Company and the shareholders of eSilkroad have commenced the process of preparing a formal Share Exchange Agreement in order to conclude the acquisition of these two entities and their unique work in progress relative to a B2B social networking platform as soon as practicable, with an anticipated completion date of April 15, 2018.

Ruben Yakubov, the Company’s president stated, “We are very excited to be branching out into this exciting field.  Over the next 18 to 24 months we plan to fully develop the eSilkroad platform and its adjunct opportunities, including acquisition of complementary trade platform “eSilktrade” and development of next phase plans for “eSilkexpo”.  We will provide a more detailed discussion and timeline of development over the coming weeks as we close the contemplated transactions.  While the platform is global in scope, we are most excited to have the commitment and participation of the Silk Road Chamber of International Commerce “SRCIC” in this project.” 

The SRCIC () is a transnational business confederation mainly composed of national commercial associations of the Silk Road countries. Currently SRCIC has over 100 organizational members from 75 countries, including state-level organizations and correspondents, as well as millions of enterprises affiliated, forming a community of shared interests, shared responsibilities and a shared future.

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Globe Newswire: 19:08 GMT Tuesday 13th March 2018

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