Benzinga | Apr 26, 2021 06:31AM EDT

MDJM Signs Contract for a Sales Agency Service Project; No Financial Terms Disclosed

MDJM LTD (NASDAQ:MDJH) (the "Company" or "MDJH"), an integrated real estate services company in China, announced today that it signed a marketing planning and sales agency agreement (the "Agreement") with Tianjin Infrastructure Investment Group ("Tianjin Infrastructure"), a state-owned enterprise specializing in financing, investment, construction and operation of major urban infrastructure. Pursuant to the Agreement, the Company will provide nationwide marketing and sales services to Tianjin Infrastructure's Zhangguizhuang residential construction program in Dongli District, Tianjin (the "Program").

The Program is located near a major transportation route close to subway stations, a high-speed rail line, and an airport. It is positioned as a low-density boutique affordable luxury residential with a total of 652 units available for sales. MDJH will work closely with Tianjin Infrastructure for housing market analysis, competition assessment, marketing and promotion, and sales staff training. The Company will assist Tianjin Infrastructure in establishing a sales management system, managing sales sites and customer information, implementing sales transactions and collections, and following up after sales.