Trescon’s World AI Show brings cutting-edge AI solutions to MEA businesses

Dubai is set to host World AI Show, the world’s longest-running AI series, for the 6^th time. This year’s 41^st edition is all about empowering businesses to supercharge their AI adoption in the region. This high-energy event will witness exciting keynotes, insightful panel discussions, fireside chats, and innovative products & solutions at display that will take MEA businesses to new heights.

DUBAI, Mar 7, 2023 – (ACN Newswire) – Although IT executives, leaders, and tech decision-makers in the MEA region acknowledge the importance of AI and related emerging tech for inclusive business growth, they feel unequipped to make a tangible impact due to the lack of necessary tools and programs.

To address this key issue, on the 7^th & 8^th of June 2023, the World AI Show will convene global experts, and key delegates to examine the capabilities of cutting-edge technologies.

For the sixth time in Dubai, this initiative will bring together top AI experts to debate the growth of AI adoption and its role in the “new normal” of the UAE. The event will showcase global AI case studies and success stories from early adopters and provide a hands-on learning experience for stakeholders from various industries such as government, healthcare, retail, logistics and supply chain, FMCG, manufacturing, banking, and finance, airlines, real estate, utilities, and transportation among others.

The event will also host yet another scintillating World AI Awards – a celebration of innovators, entrepreneurs and solution providers who will be honoured for their constant endeavours in the field of AI and related technologies. The ceremony will recognize the breakthroughs achieved by individuals, teams and entities that have embarked on a journey of adopting & implementing AI in MEA region.

Since its inception in 2018, the series has so far touched upon 18+ countries and has hosted more than 42,000 international C-level IT Decision Makers, 2600+ early adopters of future-tech have attended as speakers, and more than 52 countries have been represented across 39 editions.

The upcoming edition in Dubai aims to bring together global use-cases, and success stories from the early adopters of AI while providing a hands-on learning experience to the technology stakeholders converging from key sectors like Governments, Healthcare, Retail, Manufacturing, Banking and Finance, Real estate, Utilities, and Transportation just to name a few. The event’s overall objective is to address sector-wide issues with innovative AI solutions and create transformative disruptions in sectors of strategic relevance to Dubai.

Recently, the Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Shaikh Mohammad bin Rashid Al Maktoum, launched UAE Centennial 2071 initiative. The UAE Centennial 2071 initiative is a significant step forward for the country in its journey toward becoming a leading nation in terms of technological advancements, particularly in the field of AI. As part of this initiative, the UAE government has established several AI-focused initiatives, such as the Dubai AI Roadmap and the Abu Dhabi AI plan, which aim to integrate AI into various sectors, including healthcare, education, transportation, and security, among others. The country is also investing in AI research and development and providing a conducive environment for businesses to innovate and thrive.

Furthering this initiative, World AI Show aims to serve as a key platform for AI professionals to network, share ideas and knowledge, and explore business opportunities in the UAE. The event is also a showcase of the country’s commitment to advancing AI and its potential to transform various sectors.

Some of the speakers who recently confirmed their attendance include:

Awad ElSidiq, Head of AI & Analytics, ADNOC Distribution
Vineesha Satwani, Advisor- Digitalization to Senior Leadership, UAE Government
Soheyl Kadjani, Chief Digital Officer, Rabo Bank
Wael AbuRizq, AI & Advanced Analytics Advisor, Abu Dhabi Digital Authority (ADDA)
Suleiman Mohammad Aldabbas, Chief Specialist, Dubai Government
Mhd Wail Khachfa, Chief Information Security Officer, Department of Digital Ajman
Sven Herzing, Chief Technology Officer, Talabat
Stephen Kruger, Chief Technology Officer, Careem
Ali Katkhada, Group CIO, Depa United Group

Talking about her participation in World AI Show, Vineesha Satwani, Advisor, Digitalization to Senior Leadership, UAE Government says, “Speaking and sharing my work and insights at the World AI Show is an honor, as this gathering serves as a hub of knowledge and innovation in the field of Artificial Intelligence. With experts from all over the region coming together to share their insights and advancements, the conference is a treasure trove of valuable information and opportunities for growth for the attendees.”

Emphasizing the importance of the World AI Show, Awad ElSidiq, Head of AI & Analytics, ADNOC Distribution says, “World AI Show is a value-added conference to learn and gain insights on latest AI & ML Trends and potential use cases.”

“AI is now being widely embraced across multiple industries, and countries such as the UAE are leading the way. Our World AI Show will continue having a direct impact on increasing AI adoption by educating key stakeholders on the transformative power of AI, showcasing practical use cases, connecting organizations with technology partners and celebrating champions that have already implemented AI.” says Naveen Bharadwaj, Group CEO of Trescon.

World AI Show, Dubai edition is sponsored by Silver Sponsor, NUUMMITE Consulting.

About Trescon

Trescon is the world’s fastest-growing business-to-business events, training, marketing and consulting company primarily focused on the adoption of sustainability, inclusive leadership and emerging technologies like artificial intelligence, blockchain, metaverse, cloud, fintech, data analytics and cybersecurity.

Our summits, conferences, and expos create real economic impact by connecting and empowering the key ecosystem of government organizations, regulators, policymakers, private sector companies, solution providers, startups, investors, accelerators, advisors, consultants, associations, academia and more.

Thought leadership, knowledge exchange, brand positioning, business expansion, market penetration, lead generation, finding solutions & services, capital raising, capacity building, training and networking are among the key objectives of our stakeholders.

With the help of our 250+ employees across offices in 6 countries, several of our clients have quadrupled their leads, shortened sales cycles by half or less, entered markets three times faster, closed deals within unimaginable timelines and grown their businesses ultimately.

Whether you are an organization or an individual, Trescon has something to offer you

For further details about the announcement, please contact:

Nupur Aswani
Head – Media, PR and Corporate Communications, Trescon
+91 95559 15156 | media@tresconglobal.com

Crypto Oasis Launches Cove Beach Venue in the Metaverse with Exscape at Annual Ecosystem Night

DUBAI, UAE, Mar 7, 2023 – (ACN Newswire) – Crypto Oasis, the fastest growing WEB3 ecosystem in the world, hosted top organisations and players from the global industry at its annual Ecosystem Night on the 2nd of March 2023. The event aimed to celebrate the most recent advancements in the global and local WEB3 ecosystem, showcasing cutting-edge technology and groundbreaking ideas in the world of crypto and blockchain.

Highlights
– Crypto Oasis hosted top organisations and players in the regional Ecosystem for its annual Ecosystem Night
– Exscape was the co-host for the evening and the creator of the entire Cove Beach Venue in the Metaverse that provided a unique immersive experience
– The Founders Mural at Cove Beach designed and created by Faisal Zaidi was tokenised into 100 pieces of art representing annual memberships to Cove Beach

The prestigious event in its second year took place at Cove Beach, the stunning venue that forms part of the famous Caesars Palace in Bluewaters Island. As one of the most popular locations in the city, it attracts visitors from all over the world. At the event, Crypto Oasis launched several WEB3 integrations with the venue.

The first was the creation of Cove Beach in the Metaverse by Exscape. The initiative was created and developed in less than 6 weeks with a hyper realistic environment for people to walk around and visit the venue using a VR headset from anywhere in the world. Exscape, the co-host for the Crypto Oasis Ecosystem night is a metaverse-based social platform as well as a metaverse builder that concentrates on creating experiences for the public at high end venues like Cove Beach.

The second integration was the launch of the Cove Beach NFT based membership programme for those interested in buying an annual membership to the venue. A large 12.5m wall at the venue has been converted into the Founders Mural by Faisal Zaidi and which was digitalised and fractionalised into 100 pieces. Each sold digital artwork represents its counterpart on the physical wall and will grant the owner an annual membership to the Cove Beach Club.

"We are excited to integrate Cove Beach, our go-to destination for our annual Ecosystem Night, into the world of WEB3 through the launch of the Metaverse experience and Memberships as NFTs. The Cove Beach Metaverse will provide members with an exclusive and immersive experience that blurs the boundaries between the physical and virtual world, while the Membership NFTs will let holders own a piece of the Cove Beach through the fractionalised mural at the venue," said Ralf Glabischnig, Founder of the Crypto Oasis.

"We're thrilled to have partnered with Crypto Oasis to launch the Cove Beach Metaverse and our Annual Membership NFTs," said Adel Ghazzawi, Co-Founder of Cove Beach. "The Metaverse is the future of social interaction, and the NFTs is the future of financial interaction. We're excited to offer our members an unparalleled experience that merges the physical and digital worlds. The WEB3 community is a very important part of the society of Dubai and they are an integral part of the audience that visits our venue."

Exscape CEO, Mehdi Cherif stated, "We are delighted to have partnered with Crypto Oasis on this exciting initiative. The Cove Beach venue in the Metaverse offers users a glimpse of what is possible within the Metaverse, and we look forward to working with Crypto Oasis to develop more innovative and engaging experiences for our users." Exscape is a cutting-edge Metaverse that offers users an immersive and interactive virtual world.

With the venue being replicated in the Metaverse, attendees can choose to visit and experience Cove Beach however they prefer. Crypto Oasis' and Exscape's expertise in WEB3 combined with Cove Beach's reputation for delivering world-class entertainment and hospitality has translated into an unparalleled WEB3 experience for the public.

The NFTs for the annual membership to Cove Beach that were physically represented as part of the Founders Mural which are available to be purchased at cryptooasis.ae/membership.

About the Crypto Oasis

The Crypto Oasis is a MENA focused Blockchain Ecosystem headquartered in Dubai, UAE. The core elements needed for its growth are Talent, Capital, and Infrastructure. The Ecosystems stakeholders include Investors & Collectors, Start-Ups & Projects, Corporates, Science & Research Institutions, Service Providers and Government Entities & Associations. Crypto Oasis' vision is to be one of the leading Blockchain Ecosystems in the world. Today it is the fastest growing Blockchain Ecosystem in the world, with more than 1,650+ organisations identified in the UAE alone with more than 8,300+ individuals working in the space. www.cryptooasis.ae

About Exscape

Exscape is a Metaverse based social network where users can interact with each other through a highly immersive and interactive virtual environments enabling them to form virtual communities, play games, listen to music, watch videos, discover new places, share experiences, transact and engage in social activities like never before.

About Cove Beach

Cove Beach is one of the most happening beach clubs in Dubai. The popular beach club was relocated from Jumeirah Beach Hotel to Caesars Palace, Bluewaters Island in November 2018. With the stunning azure waters of the Arabian Sea serving as the backdrop, Cove Beach Dubai invites you for the ultimate retreat, whether you want to party or just relax and unwind. With a picturesque beachside setting, Cove Beach Dubai Bluewaters features a restaurant, lounge and swimming pools. The venue exudes a Mediterranean vibe and offers a range of personalised services that make guests feel like royalty.

For more information contact:
Faisal Zaidi
Crypto Oasis
faisal@cryptooasis.ae
+971552000840

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HotelRunner Launches ‘Autopilot’, Ushering in a New Era of Data-Driven Smart Automations in Travel and Hospitality

LONDON, Mar 7, 2023 – (ACN Newswire) – HotelRunner, the leading accommodation and travel technologies platform, launches Autopilot at ITB Berlin 2023. Having garnered great attention with its innovative business intelligence platform 'Insights' which was unveiled last year, and getting the new year off to a running start with recent funding news, HotelRunner introduces its AI-driven, intuitive, and smart platform to automate the sales, distribution, and operations of the accommodations.

HotelRunner Autopilot – HotelRunner launches 'Autopilot' ushering in a new era of data-driven smart automations in travel and hospitality.

Setting out with the goal of automating all daily operations of a hospitality business, from marketing activities to pricing strategies, HotelRunner introduces Autopilot. The new platform leverages the reservations volume processed in HotelRunner which is more than 3 million in the past year alone.

Accommodation businesses can effortlessly implement sophisticated sales and pricing strategies by transferring all their daily operations and industry expertise to the Autopilot platform as a set of rules and automations.

As the driving force behind the industry with its superior technology, HotelRunner stays ahead of the curve in meeting the future needs of all the stakeholders in the travel and accommodation industries. The Autopilot platform, born from years of research and development and industry experience, has been designed in a way that accommodations can interact with the entire tourism ecosystem. Not only it enables a property to automate its operations, but also evolves to encompass the collective knowledge of all industry players contributing to a property's success. Thus, HotelRunner leads the creation of a first-of-its-kind automation marketplace. With this innovative platform, HotelRunner maps out the future of tourism technologies.

"The Autopilot platform is a crucial component of our comprehensive vision to serve and advance the travel and hospitality industries. We began the era of data-driven decision-making in hospitality with the launch of the Insights platform in November last year. With the Autopilot, we firmly build upon this vision, cracking the doors of a new era where software serves people, rather than the other way around," says Ali Beklen, Founder and Managing Partner of HotelRunner.

"With our innovative Autopilot technology, we challenge conventional wisdom in hotel management and offer a fresh perspective to the industry. By leaving manual processes behind, we offer our partners effortless efficiency and strive to increase their profitability. Driven by AI and evolving constantly, the Autopilot is just the starting point of the revolution we aim to ignite in the travel and hospitality industries. We are setting a new standard for industry players to do business and interact with each other," adds Arden Agopyan, Founder and Managing Partner of HotelRunner.

The Autopilot platform allows properties to:

– Automate pricing and availability by seasons, holidays, and weekends.
– Monitor reservation activity in real-time and take action according to the demand.
– Benefit from AI-based recommendations and alerts to maximize their profits.
– Minimize the workload with automations that work fully integrated with their PMS and channel manager.

HotelRunner Autopilot has been in the closed beta program for one year, and has already been contributing to the increasing revenues of the properties using the platform. Click here to get detailed information about the HotelRunner Autopilot platform and to start using it. https://hotelrunner.com/en/features/autopilot/

Contact Information
Suheyla van Taarling
Head of Brand
suheyla@hotelrunner.com

SOURCE: HotelRunner

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

With U.S. Health Systems Under Growing Pressure to Fill Staff Vacancies, CGFNS Alliance Releases Updated Standards for Ethical Recruitment of Foreign Health Workers

Philadelphia, PA, Mar 7, 2023 – (ACN Newswire) – As U.S. healthcare employers confront major staffing challenges, the Alliance for Ethical International Recruitment Practices, a division of CGFNS International, Inc. (CGFNS), has updated and strengthened its ethical recruitment code, which establishes best practice standards for fair and transparent recruitment of foreign-educated health professionals into the U.S.

The fourth edition of the Health Care Code for Ethical International Recruitment and Employment Practices, known as the "Alliance Code," strengthens recommendations around contract transparency and orientation programs. The Alliance Code was developed by a multistakeholder group representing interests across the sector, including employers, unions, recruiters, and representative nurse organizations.

It comes at a time when a growing global health worker shortage has left health systems struggling to fill vacancies and considering a variety of options, including sometimes turning to recruiting trained professionals from abroad. In the past five years, CGFNS has seen a doubling of its applications from foreign-trained health workers who are seeking eligibility to work in the U.S.

This trend has raised further concerns about ensuring that international recruitment practices are ethical, that they protect the rights of migrating health workers while establishing their obligations, and that recruiting agencies and employers are held accountable in the process. First published in 2008, the Alliance Code is reviewed and updated every five years to adapt to changes in the recruitment landscape and ensure its provisions continue to address basic rights and responsibilities of both migrating health professionals and those who recruit them to work in the U.S. The Code provides guidelines for recruitment agencies and employers, addressing migrant rights including the right to receive a fair contract, to provide informed consent and to access justice.

The Code has been voluntarily adopted by 12 firms that collectively recruit thousands of employees each year and that have undergone the Alliance's rigorous certification process, including a contract review and health professional survey. A list of recruitment firms that have been certified as in compliance with the Alliance Code can be found here. https://www.cgfnsalliance.org/certification_process/view-certified-recruiters/

The 2023 Alliance Code is being released after a year of internal and external review by the Alliance's Board of Governors.

"With the recent pandemic having further driven the growth in global demand for nurses and other health workers, there is increasing concern about ensuring that international recruitment processes are ethical and sustainable," said Alliance Director, Mukul Bakhshi, JD. "This updated 2023 Code reflects recent changes in the recruiting landscape, and we hope it will help push the industry forward in ensuring that recruitment practices are fair and respect basic rights."

"Our organization has been engaged in the work of the Alliance since its inception and fully endorses the Alliance Code," said AONL Chief Executive Officer, Robyn Begley, DNP, RN, NEA-BC, FAAN, Chief Executive Officer of the American Organization for Nursing Leadership (AONL). "A fair and equitable process of recruiting foreign-educated nurses is foundational to achieving a professional practice environment for all nurses. We remain committed to the advancement of high standards of treatment for all staff."

"As the global leader in international credentials evaluation to support health worker mobility, at CGFNS we know that health worker migration into the U.S. brings individuals with critical skills to provide life-saving care. With the shortage persisting and employers stepping up their recruitment of foreign-trained nurses and other health workers, we must all work together to provide better protections to prevent exploitation," said CGFNS President and Chief Executive Officer, Peter Preziosi, PhD, RN, CAE. "We are proud of our work through the Alliance to continue to do our part to support nurses coming into the U.S."

About CGFNS International, Inc.

Founded in 1977 and based in Philadelphia, CGFNS International is an immigration-neutral not-for-profit organization, proudly serving as the world's largest credentials evaluation organization for the nursing and allied health professions. For more information, visit www.cgfns.org.

About The Alliance for Ethical International Recruitment Practices

Since 2008, the Alliance has fostered compliance to standards that advocate responsible, ethical, and transparent recruitment practices in the health care sector. The Alliance monitors certified recruitment organizations and verifies their processes to ensure that these standards are upheld and provides foreign-educated professionals resources to make informed decisions. The Alliance became a division of CGFNS International, Inc., in September 2014. For more information, visit www.cgfnsalliance.org.

Contact Information:
Mukul Bakhshi, Esq.
Chief of Strategy and Government Affairs
mbakhshi@cgfns.org
(215) 243-5825

SOURCE: CGFNS International

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Linkedin Influencer Rachel Mitchell Joins Plato’s Board

NEW YORK, N.Y., Mar 6, 2023 – (ACN Newswire) – The JV was setup to drive both awareness and user adoption of Plato's Ai Powered Content Syndication Network. The global partnership leverages over 30 years of technical and marketing excellence across today's most innovative market sectors.

Key Highlights:
– Rachel Mitchell (www.linkedin.com/in/rachelmitchell333/) EP of Innovation Series is the First LinkedIn Influencer with Almost 1M followers joins Plato's Board to help drive Commercial Web3 Adoption.
– Joint Venture Announced to Disrupt PR & Content Syndication across the innovation superhighway via Amplifi Subsidiary.
– Plato's (https://platoaistream.com) Ai Engine uses its internal syndication to electronically connect with thousands of media outlets while Amplifi is used to distribute and syndicate content and press releases.

Rachell Mitchell worked mostly behind-the -scenes prior to her becoming a content creator on LinkedIn. Rachel is one of the original producers of Built in America, Innovation Nation, Sustainable Nation, and The Longevity Series. She became a top Executive Producer (EP) for History, Innovation, Sustainability, Health, Wellness, Longevity and Sports documentaries. She has produced as a "ghost producer" for most of her projects with Elevate Media Productions (https://builtinamerica.tv). The Elevate team has worked with top media agencies and marketing firms for their clients' sponsorship needs. Elevate also works with independent film producers and third-party production crews from around the world.

"I like to give credit and opportunities to all the wonderful people that I get to work with," said Rachel Mitchell CEO of Elevate. "Telling people's stories inspired me to share mine on LinkedIn. In 2020 I had to cancel the filming of The Longevity Series because of the pandemic. Since we were all at home, I began to post guidance that helped me achieve success during challenging times. People from around the world began to contact me and tell me the challenges that they were facing online."

"Giving people the capability to be seen in over 2000+ online publications, in over 32 languages is a gift. The goal was to give people, products, and services the online reach that only 'Influencers' or viral content receive on social media platforms," Rachel Mitchell stated.

Rachel Mitchell is a LinkedIn Influencer, Executive Producer, and businesswoman who has risen to popularity during the pandemic. People have noticed that Rachel Mitchell has over 968,000 followers on LinkedIn and 1M followers across multiple platforms.

"With the rise of AI, innovation, and the frequent changes to algorithms, I noticed how some social media platforms were favoring personal content over business content. Some of the most innovative start-up companies and brilliant new personal brands were still leaning on traditional press releases and PR to get their business announced to the public. The cost of press releases was high, and the ROI was not in people's best interest. As I grew my organic following on LinkedIn, I noticed that other business owners were having a hard time finding an audience of potential customers. Many business owners and executives shared that they wasted time and money on social media management that did not lead to the level of exposure that they need. Therefore, I became excited to share what Amplifi can do," Mitchell added.

Amplifi distributes press releases to various editorial offices and journalists which will guarantee coverage worldwide. Plato uses its internal syndication to electronically connect with thousands of media outlets. The services provided are tailored to the type of news you're distributing. Using Amplifi can help target specialty media in a unique way. A good service will increase the chances of getting your message seen by the public.

Plato is an open intelligence repository and platform that unlocks the power of Vertical Search in a highly scalable and secure web3 interface. The platform is designed to provide an ultra-safe and secure environment to consumer sector-specific real-time data intelligence. This interface is used to provide transparency of information to people who are creating content and receiving content online. The company just surpassed its 10M Organic Visitor and continues to scale its Ai Powered Vertical Intelligence Engine across 27 Market Verticals and 32 Languages.

Bryan Feinberg, CEO of Plato, and Co-founder of Amplifi, commented, "We are honored to partner with best-of-class web3 ecosystems, and reputable media outlets from around the world. Our Partnership represents a scalable way for us leverage each companies' respective networks."

Rachel Mitchell can be seen on LinkedIn at: linkedin.com/in/rachelmitchell333/
Source: Plato Data Intelligence: PlatoAiStream.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Palladium One and MetalCorp Enter into Definitive Agreement for a Business Combination

TORONTO, ON, Mar 6, 2023 – (ACN Newswire) – Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTCQB: NKORF) ("Palladium One" or "PDM") and MetalCorp Limited (TSXV: MTC) ("MetalCorp" or "MTC") are pleased to announce a definitive agreement (the "Arrangement Agreement") for a business combination to be completed under a plan of arrangement. Palladium One has agreed pursuant to the Arrangement Agreement to acquire all of the issued and outstanding shares of MetalCorp by way of a statutory plan of arrangement under the Business Corporations Act (Ontario) (the "Transaction"). Pursuant to the Transaction, MetalCorp shareholders ("MTC Shareholders") will receive, in exchange for each common share in the capital of MetalCorp (a "MTC Share") held, 0.30 (the "Exchange Ratio") of a common share in the capital of Palladium One (each whole share, a "PDM Share"). The Exchange Ratio implies a purchase price of C$0.026 per MTC Share, or gross consideration of C$3.3 million. The number of PDM shares to be issued on completion of the Transaction is approximately 38,703,051. Existing shareholders of PDM will hold approximately 88% of PDM immediately following completion of the Transaction, and the former MTC Shareholders will hold approximately 12% immediately following completion of the Transaction.

Figure 1. Location map of Ontario mineral properties. Red are Critical Mineral nickel-copper projects, yellow are gold projects.

"This transaction advances our strategy of creating value by responsibly, establishing a partnership with a senior producer and growing a portfolio of critical mineral assets in Canada in support of North American critical mineral supply chains, and it also increases liquidity," commented Derrick Weyrauch, Chief Executive Officer of PDM.

"We are pleased to be combining MetalCorp's business with Palladium One," commented Donald Sheldon, Chief Executive Officer of MTC. "Like MetalCorp, Palladium One has an excellent suite of properties including gold, PGEs, copper – nickel and a strong cash position. Based on the TSXV closing prices of each company on the day the agreement was signed, this transaction reflects a 28% premium for MetalCorp shareholders."

Transaction Highlights:

– PDM will maintain the earn-in agreement in favour of Barrick Gold Inc. ("Barrick"), on MetalCorp's Hemlo East Project adjacent to Barrick's producing Hemlo Gold Mine (>21 million ounces mined to date) and located 40 kilometers southwest of PDM's Tyko Project.

– MetalCorp's assets include two critical mineral projects located in Ontario, a Tier 1 mining jurisdiction (Figure 1):

— North Rock Copper – Nickel Project
—- Road accessible, permitted, exploration stage.
—- A historical resource estimate.

— Big Lake BL-14 Copper – Zinc – Gold – Silver VMS-style Project
—- Road accessible, exploration stage.

– MetalCorp's assets also include a royalty portfolio of five exploration stage mineral projects located in Ontario, the principal royalty being:

— Hemlo Annex Property (Barrick):
—- 2% NSR royalty.
—- 176 hectares between Barrick's Hemlo gold mine and the Hemlo East Project.

– The business combination strengthens the proforma cash position to approximately C$13 million as of December 31, 2022.

Upon completion of the Transaction, Palladium One will benefit from the following:

– Three district scale, road accessible massive sulphide, magmatic nickel – copper projects located in Tier 1 mining jurisdictions:

1. Tyko Nickel – Copper – Cobalt Project (30,000 hectares), Ontario Canada
— Extremely high tenor Massive Sulphides in a new untested Nickel District

2. CanAlask Nickel – Copper Project (3,400 hectares), Yukon Canada
— Large-scale ultramafic body with multiple high-grade nickel – copper – PGE showings.

3. KS Nickel – Copper – PGE Project (16,000 hectares), Finland
— Potential for extremely high tenor sulphide: ~ 3 oz per tonne precious metals, ~10% nickel and ~13% copper (based on 100% sulphide using metal tenors of the adjacent LK Project).

– LK Platinum-Group-Element (PGE) – Copper – Nickel Project in Finland
— National Instrument 43-101 compliant Mineral Resource Estimate (April 2022)

– North Rock Copper – Nickel Project (7,000 hectares), Ontario Canada
— Covers 20 kilometers of the Grassy Portage layered mafic intrusion and hosts four known zones of copper-nickel sulphide mineralization.

– Hemlo East Earn-in agreement with Barrick Gold Inc. ("Barrick" or "ABX")
— Hemlo East Project is adjacent to Barrick's producing Hemlo Gold Mine (>21 million ounces mined to date)
— Located 40 kilometers southwest of the Tyko Project (see details above).
— Earn-in agreement signed in November 2020.
— On November 26, 2021, MetalCorp announced that Barrick provided a notice of Force Majeure due to permitting delays resulting in Barrick's inability to meet the performance obligations under the earn-in agreement. Barrick is maintaining the claims in good standing.

– C$4.4 million of assessment credits from MetalCorp resulting in no cash servicing requirements for at least ten years on the North Rock Cu-Ni, Big Lake Cu-Au VMS and the Black Bear Au Projects.

Figure 1. Location map of Ontario mineral properties. Red are Critical Mineral nickel-copper projects, yellow are gold projects.
https://images.newsfilecorp.com/files/6502/157317_b4f6d06d940e39f9_001full.jpg

Transaction Details

The Transaction will be subject to the approval of at least 66 2/3% of the votes cast by MTC Shareholders, voting as a single class at a special meeting of the MTC Shareholders to be called to consider the Transaction, which is expected to be held near the end of April 2023 (the "Meeting"). In addition to the approval of the MTC Shareholders, the Transaction is also subject to the receipt of certain regulatory and court approvals, including the approvals of the TSX Venture Exchange ("TSXV"), and other closing conditions customary in transactions of this nature.

Pursuant to the Arrangement Agreement, unless otherwise excluded, all outstanding options exercisable into MTC Shares, which remain unexercised at the effective time of the Transaction, will be exchanged for options exercisable into PDM Shares at the Exchange Ratio.

Support for the Transaction

All directors and senior officers of MTC have entered into support and voting agreements with PDM, pursuant to which they have agreed to vote their MTC Shares, representing approximately 40% of the issued and outstanding MTC Shares, in favour of the Transaction. The board of directors of MTC has unanimously approved the Transaction.

Subject to certain conditions, including obtaining the requisite regulatory approvals, the Transaction is expected to close by the end of April 2023.

Further details of the Transaction are set out in the Arrangement Agreement and will be included in a management information circular of MetalCorp to be mailed in connection with the Meeting (the "Circular"). The Arrangement Agreement and Circular will be made available on SEDAR under the issuer profile of each of PDM and MTC at www.sedar.com.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities.

Advisors and Counsel
Bennett Jones LLP is acting as Palladium One's legal advisor. Dickinson Wright LLP is acting as MetalCorp's legal advisor.

Qualified Person
The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of Palladium One and a Qualified Person as defined by National Instrument 43-101.

About Palladium One
Palladium One Mining Inc. (TSXV: PDM) is focused on discovering environmentally and socially conscious Metals for Green Transportation. A Canadian mineral exploration and development company, Palladium One is targeting district scale, platinum-group-element (PGE)-copper-nickel deposits in Canada and Finland. The Lantinen Koillismaa (LK) Project in north-central Finland, is a PGE-copper-nickel project that has existing NI43-101 Mineral Resources, while both the Tyko and Canalask high-grade nickel-copper projects are located in Ontario and the Yukon, Canada, respectively. Follow Palladium One on LinkedIn, Twitter, and at www.palladiumoneinc.com.

About MetalCorp
MetalCorp is a mineral exploration company based in Thunder Bay, Ontario, with gold and base metal projects in the Canadian Shield of Northern Ontario, Canada, one of the most prolific mineral districts in the world. To find out more about MetalCorp visit its website at www.metalcorp.ca.

For further information, for Palladium, contact:
Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

For further information, for MetalCorp, contact:
Donald Sheldon, CEO
Email: info@metalcorp.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Palladium One Mining Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. Forward-looking statements contained in this press release include, without limitation, statements with respect to: any information as to the future financial or operating performance of Palladium One and MetalCorp, the completion of the Transaction, the expected synergies and benefits of the Transaction, the "Transaction Highlights", the future price of nickel, copper, gold, and cobalt, the estimation of mineral resources, costs and timing of the development of projects and new deposits, success of exploration, currency fluctuations, requirements for additional capital, government regulation of mining operations, and environmental risks. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Such factors include, among others, risks associated with the results of shareholder and regulatory approvals for the Transaction, the integration of MetalCorp with Palladium One, the quality of the title of MetalCorp to its assets and the extent of any known, unknown or contingent liabilities of MetalCorp, the results of the exploration at the Hemlo East or North Rock Copper-Nickel Projects, the accuracy of mineral resource estimates; project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of Palladium One and MetalCorp common share prices and volume; and tax consequences to Canadian and U.S. shareholders. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and neither MetalCorp nor Palladium One undertakes any obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/157317

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Axiata Joins Global Telcos to Deploy GSMA Open Gateway at MWC Barcelona 2023

BARCELONA, Mar 6, 2023 – (ACN Newswire) – The culmination of MWC Barcelona 2023 on 2 March saw Axiata Group Berhad positioned to take the lead in Asia in deploying GSMA Open Gateway, joining other leading telcos to herald a new wave of digital services and apps at the mobile telecommunications convention.

Representatives from Axiata Group Berhad, Axiata Enterprise and Rakuten Symphony meeting at MWC Barcelona 2023: Thomas Hundt, Group Chief Strategy & Technology Officer, Axiata (3rd-L); Dr Hans Wijayasuriya, Joint Acting Group CEO, Axiata (4th-L); Dr Gopi Kurup, CEO, Axiata Enterprise (4th-R); and Rabih Dabboussi, Chief Business Officer, Rakuten Symphony (Center).

Vikram Rao, Head of Enterprise, ASEAN, AWS; Jayanth Nagarajan, Head, Telecommunications Industry, Asia Pacific & Japan, AWS; Haris Izmee, Managing Director, ASEAN Growth Markets, AWS (Back L-R); Namal Jayathilake, Chief Technology Officer, Axiata Digital Labs; Thushera Kawdawatta, Chief Executive Officer, Axiata Digital Labs (Front L-R)

Dr Hans Wijayasuriya, Joint Acting Group CEO of Axiata (R) inks MOU with Ryu Young-sang, CEO of SKT (L) in partnership for the ifland metaverse platform.

Tan Sri Shahril Ridza Ridzuan, Chairman, Axiata Group Berhad (4th-L) is welcomed by Thushera Kawdawatta, Chief Executive Officer, Axiata Digital Labs (5th-R) at the Axiata Digital Labs showcase during MWC23 in Barcelona.

GSMA's Open Gateway initiative was launched on the opening day of MWC on 27 February 2023. Supported by 21 Mobile Network Operators (MNOs) globally, the framework of universal network Application Programmable Interfaces (APIs) is designed to provide universal access to operator networks for developers. The GSMA-led initiative is a federated approach to harmonise the industry around Open APIs and represents a paradigm shift in the way the telecoms industry designs and delivers services in an API economy.

At the GSMA Pavillion, Axiata showcased the Axiata Digital Concert Platform, featuring MetaStage, the Group's first ever metaverse concert powered by Axiata Digital Labs' (ADL) Axonect, and hosted by Sri Lanka's Dialog Axiata and Indonesia's XL Axiata. The immersive musical fest showcased GSMA's Open Gateway APIs for Number Verification (SMS 2FA), Device Location and Carrier Billing.

Enabling Digital Transformation

ADL, a telco-focused software and solutions provider, delivered MetaStage through its Axonect Enterprise Enabler Product Suite. This proof-of-concept showcased the suite of services available to MNOs to enhance existing services and deploy new ones to its customers. ADL's demonstration of the GSMA Open Gateway-compliant Axonect Product Suite highlighted its potential as a powerful tool for digital innovation and transformation.

This was further underscored by its collaboration with Amazon Web Services (AWS) announced on 1 March 2023, whereby ADL will begin providing Axonect Product Suite running on AWS. With this collaboration, ADL will be able to provide customers with its suite of systems and tools, such as its Digital Business Support System (BSS), 5G and cloud optimized business-to-business (B2B) and business-to-consumer (B2C) platforms, and multi-domain orchestrators on AWS. ADL's customers will have access to AWS's global infrastructure and the breadth and depth of cloud capabilities.

Communication Service Providers (CSPs) will also be better supported as they embark on the transformational journey along the Telco to TechCo continuum, moving beyond traditional connectivity to platform-based products and services as part of an ecosystem, thereby reaping benefits such as improved performance, a competitive advantage in big data, and new revenue streams.

Partnership with SK Telecom for 'ifland'

At MWC Barcelona 2023, Axiata also signaled its strong interest in bringing the metaverse platform 'ifland' developed by South Korea's SK Telecom (SKT) to its markets. A Memorandum of Understanding (MoU) was signed between the two telco giants on 28 February 2023, enabling Axiata's subsidiaries the ability to develop metaverse platform business models and support AI-based opportunities that are market competitive.

The signing, represented by SKT's CEO, Ryu Young-Sang and Axiata's Joint Acting Group CEOs, Dr Hans Wijayasuriya and Vivek Sood, is part of Axiata's digital transformation and inclusivity strategy.

"As part of the Group's vision to be The Next Generation Digital Champion, we are deeply committed to leveraging emerging technologies towards the inclusive advancement of Societies and Economies across Asia," said Dr Hans Wijayasuriya, who is also Axiata's CEO of Telecommunications Business and Group Executive Vice President. "We are proud to partner with SKT and the ifland platform and consider the partnership a significant component of our participation in the metaverse going forward."

All in all, this week at Barcelona was pivotal in Axiata's journey towards becoming The Next Generation Digital Champion, putting in place the building blocks to enable the ecosystem for digital telcos to move into their new future.

About Axiata

In pursuit of its vision to be The Next Generation Digital Champion, Axiata is a diversified telecommunications and digital conglomerate operating Digital Telcos, Digital Businesses and Infrastructure businesses across a footprint spanning ASEAN and South Asia.

The Group has controlling stakes in market-leading mobile and fixed operators in the region including 'XL' and 'Link Net' in Indonesia, 'Dialog' in Sri Lanka, 'Robi' in Bangladesh, 'Smart' in Cambodia and 'Ncell' in Nepal while 'CelcomDigi' in Malaysia is a Key Associate Company. Axiata's regional digital business verticals comprise 'Boost' a fintech company, and 'ADA', a digital analytics and AI company. 'EDOTCO' is among the top 10 independent TowerCos globally, operating in nine countries to deliver telecommunications infrastructure services.

As a committed and long-term investor, the Group actively supports and drives young talent development; community outreach; as well as climate change initiatives. Axiata's broader goal of Advancing Asia aims to piece together the best in the region in terms of innovation, connectivity and talent to drive digital inclusion and sustainable progress across our markets. Find out more at www.axiata.com

Axiata Group Berhad [XKLS: 6888][RIC: AXIA:KL ][BBG: AXIATA:MK][OTC: AXXTF]

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

EC Healthcare Opened the First Organic Flagship Veterinary Hospital in Hong Kong

HONG KONG, Mar 6, 2023 – (ACN Newswire) – EC Healthcare (the "Company", which together with its subsidiaries is referred to as the "Group", SEHK stock code: 2138), the largest non-hospital medical group in Hong Kong*, is pleased to announce that the Group opened its first organic flagship veterinary hospital, Animal Medical Academy Hospital (AMAH).

From left to right: Dr. Guo Shanshan, Co-Principal of AMAH, Ms Sisy Lao, Director of AMAH, Dr. Phillip Mak, Co-Principal of AMAH, Mr. Levin Lee, Executive Director and Chief Financial Officer of EC Healthcare, Dr. Julie Chow, Chief Proposition Officer (Healthcare) of EC Healthcare, Dr. Tiffany Ho, Department Head of Primary Care of AMAH

Animal Medical Academy Hospital (AMAH) is located in Harbour Crystal Center in Tsim Sha Tsui East, with two floors and a total gross floor area of more than 26,000 sq ft. The hospital is equipped with an internal elevator to connect the ground floor and basement, with separate waiting areas for dogs and cats. The hospital provides veterinary general practitioner services and precious specialty services covering anesthesia & analgesia, neurology and cardiology services. The hospital also provides advanced imaging services equipped with MRI, CT and Cardiac Ultrasound, bundling with an oxygen generating system. The hospital has 10 consultation rooms, 8 pre-surgical induction & recovery monitoring rooms, 14 chemotherapy wards, 18 Intensive Care Units (ICU), 59 wards and internal. The service scope and professional standard all achieved industry-leading level.

Mr. Levin Lee, Executive Director and CFO of EC Healthcare said, "Since entering the veterinary business in 2021, EC Healthcare has been actively consolidating the market, and establish a leading brand. Through corporatization, the Group was able to empower the traditional veterinary business, improving its operational efficiency and boosting its growth. The Group is very honored to partner with Dr. Phillip Mak, a leading expert in the veterinary industry, to jointly establish this hospital. Looking ahead, we look forward to collaborating with more veterinary talents to continuously expand the service scope, paving way for AMAH to become the leading flagship veterinary hospital in Hong Kong. The Group will continue to invest in expanding its veterinary business in Hong Kong, building a renowned brand, and shaping the veterinary business to become a new growth engine for the Group."

About EC Healthcare
EC Healthcare is Hong Kong's largest non-hospital medical service provider*, leveraging its core businesses of preventive and precision medicine, and committed to developing medical artificial intelligence by integrating its multi-disciplinary medical services. The move, which is supported by the Group's high-end branding and quality customer services, is aimed at offering customers safe and effective healthcare and medical services with professionalism. The Group is a constituent stock of the Hang Seng Composite Index and the MSCI Hong Kong Small Cap Index.

The Group principally engages in the provision of one-stop medical and health care services in Greater China. The Group provides a full range of services and products under its well-known brands, including those of its one-stop aesthetic medical solutions provider DR REBORN which has ranked first in Hong Kong by sales for years, a professional hair care center HAIR FOREST, primary care clinics jointly established with health management centre re:HEALTH, a vaccine centre Hong Kong Professional Vaccine HKPV, General outpatient clinic Tencent Doctorwork, the largest one-stop pain management centre in Hong Kong New York Medical Group, the comprehensive dental centres Bayley & Jackson Dental Surgeons, EC DENTAL CARE and Health and Care Dental Clinic, an advanced diagnostic and imaging centre HKAI, an oncology treatment centre reVIVE, a day procedure centre HKMED, a specialty clinic PREMIER MEDICAL CENTRE, SPECIALISTS CENTRAL and NEW MEDICAL CENTER, a paediatric centre PRIME CARE, a gynaecology specialist ZENITH MEDICAL CENTER AND PRENATAL DIAGNOSIS CENTRE, PathLab Medical Laboratories, Ophthalmology Center EC Eye and EC Veterinary Hospital and Imaging Center.

*According to independent research conducted by Frost and Sullivan in terms of revenue in 2020 and 2021

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Society Pass Inc. (Nasdaq: SOPA)’s NusaTrip Continues Expansion in Southeast Asia (SEA), Extending Services to Vietnam

SINGAPORE, Mar 6, 2023 – (ACN Newswire) – NusaTrip, Indonesia's first IATA-certified online travel agency (OTA) and the travel vertical of Nasdaq-listed Society Pass Incorporated (SOPA), today announces the opening of an office in Ho Chi Minh City, Vietnam, representing its third SEA regional office outside of Jakarta, following the opening of its offices in Singapore and Manila earlier this year.

Post the Covid-19 pandemic, Vietnam reopened its doors to international travelers back in March 2022, and since then domestic tourism has seen a strong recovery, receiving about 4 million international travelers last year. According to ASEANFocus, 16 million international tourists and 80 million domestic travelers are projected to spend US$34 billion total travel revenue from 2024 to 2026. In addition, Civil Aviation Authority of Vietnam also expects a full travel recovery by December 2023 with around 34 million passengers from Vietnam expected to travel internationally, tripling the travel volume from 2022.

With the aim of increasing its service portfolio across SEA as well as boosting tourism in Vietnam, NusaTrip is well-positioned to grasp the huge market potential and serve additional communities in the region. NusaTrip regional offices focus on creating more variety of marketing initiatives and managing existing business relationships with airlines, hotels and tourism promotion board as partners.

NusaTrip CEO Johanes (Joe) Chang said, "The opening of our office in Vietnam reaffirms our commitment to bring the unparalleled travel experience to more customers in one of the fastest growing regions throughout SEA. NusaTrip will continue to enhance its service portfolio and innovate to cater to changing customer behaviors and fuel growth in the region. Considering the market potential, NusaTrip also plans to open more offices across SEA to bring customers an intimate and one-stop booking experience".

Leveraging the upbeat momentum of the travel and tourism industry post-COVID-19 pandemic, NusaTrip is striving to expand its service offerings in the travel market.

"We are beyond excited to welcome domestic and international travelers onboard our NusaTrip platform. With revenge travel in full swing, this additional choice for consumers is highly timely, especially for those who intend on visiting some of the 3,000 over beautiful islands in Vietnam. SEA is a dynamic and diverse engine of growth for NusaTrip. As recovery continues, we are optimistic towards the market in Vietnam", explained Ngo Thi Cham, Society Pass Vietnam Country Manager.

Last year, Society Pass acquired NusaTrip, a Jakarta-based online travel agency to foray into the travel business in SEA. The deal also marked SoPa's entry into Indonesia as well as to its growing ecosystem of technology-enabled companies located in Vietnam, Indonesia, Philippines, Singapore and Thailand.

About NusaTrip

Founded in 2013, NusaTrip is an IATA-licensed online travel agency that serves both local and global customers and partners by optimizing cutting-edge technology and providing 24/7 customer-centric support team-as-a-service. NusaTrip is now an integral member of Society Pass (Nasdaq: SoPa) ecosystem. For more information, please visit: https://www.nusatrip.com.

About Society Pass Inc.

Founded in 2018 as a data-driven loyalty, fintech and e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than 80% of the SEA population, and with offices located in Angeles, Bangkok, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused holding company operating 6 interconnected verticals (loyalty, digital media, travel, telecoms, lifestyle, and F&B), which seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands across multiple product and service categories throughout SEA.

Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021. SOPA shares were added to the Russell 2000 index in December 2021.

SoPa acquires fast growing e-commerce companies and expands its user base across a robust product and service ecosystem. SoPa integrates these complementary businesses through its signature Society Pass fintech platform and circulation of its universal loyalty points or Society Points, which has entered beta testing and is expected to launch broadly at the beginning of 2023. Society Pass loyalty program members earn and redeem Society Points and receive personalised promotions based on SoPa's data capabilities and understanding of consumer shopping behaviour. SoPa has amassed more than 3.3 million registered consumers and over 205,000 registered merchants and brands. It has invested 2+ years building proprietary IT architecture to effectively scale and support its consumers, merchants, and acquisitions.

Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Thoughtful Media Group, a Thailand-based, a social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator; Leflair.com, Vietnam's leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in Philippines; Handycart.vn, a leading online restaurant delivery service based in Vietnam; and Mangan.ph, a leading local restaurant delivery service in Philippines.

For more information on Society Pass, please visit:
Website at https://www.thesocietypass.com or
LinkedIn at https://www.linkedin.com/company/societypass or
Facebook at https://www.facebook.com/thesocietypass or
Twitter at https://twitter.com/society_pass or
Instagram at https://www.instagram.com/societypass/.

Cautionary Note Concerning Forward-Looking Statements

This press release may include "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus relating to the Company's initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media Contacts:
PRecious Communications
sopa@preciouscomms.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HKTDC twin jewellery shows attract exhibitors and buyers from 130 countries and regions, delivering robust results

HONG KONG, Mar 5, 2023 – (ACN Newswire) – Following Hong Kong's lifting of the mandatory mask mandate and full resumption of travel, business people from around the world flocked to the city's first major trade fair. Organised by the Hong Kong Trade Development Council (HKTDC), the 39th HKTDC Hong Kong International Jewellery Show and the 9th HKTDC Hong Kong International Diamond, Gem & Pearl Show gathered over 2,500 exhibitors and successfully concluded today. The five-day fairs attracted over 60,000 buyers from 130 countries and regions, with significant increase in participation from Mainland China and the Asia region. In an on-site survey with around 700 exhibitors and buyers, about 60% exhibitors and buyers expected their business to return to pre-pandemic levels in one year, reflecting a positive outlook for the jewellery sector.

Organised by the Hong Kong Trade Development Council (HKTDC), the 39th HKTDC Hong Kong International Jewellery Show and 9th HKTDC Hong Kong International Diamond, Gem & Pearl Show concluded successfully.

The two jewellery shows featured jewellery parades that showcased elegant and stylish pieces.

A total of 20 regional pavilions were set up at the twin shows this year, including Mainland China, Italy, Turkiye, Japan and more, showcasing artisan jewellery from around the world.

Sophia Chong, Deputy Executive Director of the HKTDC, said: "We are delighted to see the overwhelming support from industry buyers and exhibitors for the twin shows. The vibrant atmosphere, busy traffic and packed booths not only reflected the global jewellery market's pent-up demand after three years and strong buying power, but also reaffirmed Hong Kong's position as the world's premier trade fair capital in Asia which brings the world together to do business and to build relationships.

"Looking ahead, we have many more trade events lined up for different sectors throughout the rest of the year, and with the policy support from the Hong Kong SAR Government, we are confident that trade fairs and conferences will help to re-energise the city's economic recovery," Ms Chong added.

Under HKTDC's EXHIBITION+ hybrid model, global jewellers and traders can connect online for another week beyond the physical fair days until 12 March via the Click2Match smart business matching platform. Over 1,800 meetings between exhibitors and buyers have been scheduled.

Positive outlook with 60% exhibitors and buyers predicting uptick in sales this year

In a survey conducted on-site by the HKTDC, some key findings include:

Market and industry outlook:
– Around 60% of exhibitors (62%) and buyers (61%) expect their business growth to return to pre-pandemic levels in a year.
– More than 60% of respondents foresee that overall sales will pick up in 2023 and 74% of buyers anticipate a rise in sourcing cost.
– Factors that are expected to bring opportunities for the industry in 2023 include: the recovering purchasing power from customers (57%), rising demand from emerging markets (34%) and the potential to expand business in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) (13%).
– Anticipation of the growth prospects of jewellery products in the target sales market are satisfactory in the next two years: Mainland China (78%), Hong Kong (71%), ASEAN countries (64%), Northern & Western Europe (58%), North America (55%)

Challenges: fluctuations of the global economy (51%) and impact of inflation (46%) as well as fluctuating exchange rate (35%) were seen as key challenges.

Product trends:
– Karat white gold and Karat yellow gold are expected to be the most popular metal product in 2023;
– Diamond will be the most in-demand gemstone;
– Social media, e-commerce and big data will have the greatest impact on the jewellery industry in the next three years.

HK$100 million sales recorded by some exhibitors

In addition to the high volume of buyers and exhibitors, robust business results were seen across the shows. Exhibitor Bruno Scarselli and Davide Scarselli, Co-owners of Scarselli Diamonds Inc, from the United States shared: "The twin shows are making a strong comeback this year. After the pandemic, the mood is positive and buyers are willing to buy. We have met a lot of buyers from Europe, Japan, Korea, Mainland China and the Middle East who are very interested in our blue and pink diamonds. Twelve buyers, including six from Mainland China, already placed on-site orders amounting to US$11-12 million for our fancy colour diamonds."

Hong Kong exhibitor Imran Khan, Director of Sparkle Gems Global Inc, said: "We first joined the HKTDC show 12 years ago because it is the best platform for suppliers from all over the world to promote their raw materials to international buyers. We are showcasing emeralds and tanzanites, with prices ranging from US$50 to US$10,000. We met 10 buyers from Europe, Mainland China and the US who placed on-site orders for our emeralds worth a total of US$1 million on the first day. We expect our on-site orders we receive at the show to amount to US$3 million."

Zhuji City from Zhejiang Province, Mainland China made their debut at the show. Chen Wenjin, Deputy Mayor of Zhuji City said: "A total of 49 Zhuji companies have gathered at our pavilion and we also organised a delegation from 300 companies to source at the shows. The show is an excellent platform for our pearl companies to connect with overseas buyers. We expect total sales of over RMB100 million."

One of the exhibitors, Tota Koyama, Chairman of the Japan Jewellery Association said: "Now that travel restrictions have been removed, Japanese jewellery companies are very happy to come to Hong Kong. We've brought 86 jewellery companies from Japan to participate in the Jewellery Show, and 69 companies in the pearl business to join the Diamond, Gem & Pearl Show. The response from buyers is better than expected and we've recorded very good sales. The purchasing interest is particularly strong from Mainland Chinese buyers."

A jewellery buyer, David Abraha from the United States said: "The Hong Kong International Diamond, Gem & Pearl provides an important platform for me to meet suppliers from worldwide at one place. I always come here to connect with new suppliers. At this year's show, I have found suppliers of loose diamonds from Belgium, Israel and Hong Kong. My budget is up to US$5 million."

Qian Yiting, Chief Operating Officer of Wuxi Yinlou from Mainland China said: "The show has staged a strong comeback this year with the relaxation of pandemic policies. I have visited jewellery fairs in Japan and Korea, but the Hong Kong International Jewellery Show is definitely the best one showcasing an amazing mix of jewellery from all over the world. I have already met with six exhibitors from Hong Kong, Japan, Australia and Thailand through the Click2Match business matching service."

More major fairs for technology and lifestyle sectors

On the heels of these two exhibitions, the HKTDC will organise a series of trade fairs in April, including InnoEx, Hong Kong Electronics Fair (Spring Edition) and Hong Kong International Lighting Fair (Spring Edition) on 12-15 April; Hong Kong Gifts & Premium Fair, Fashion InStyle, Home InStyle and more on 19-22 April. These events will provide buyers with a unique one-stop souring experience and help exhibitors expand their market reach, while boosting Hong Kong's economy.

Websites:
– Hong Kong International Jewellery Show: https://www.hktdc.com/event/hkjewellery/en
– Hong Kong International Diamond, Gem & Pearl Show: https://www.hktdc.com/event/hkdgp/en
– HKTDC Media Room: https://mediaroom.hktdc.com/en
– Photo download: https://bit.ly/41KMt3v

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.

Media enquiries
Please contact the HKTDC's Communications & Public Affairs Department:
Janet Chan, Tel: +852 2584 4369, Email: janet.ch.chan@hktdc.org
Frankie Leung, Tel: +852 2584 4298, Email: frankie.cy.leung@hktdc.org

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com