Tanla Platforms unveils phishing protection platform Wisely ATP at Mobile World Congress, Barcelona 2023

  • P. D. Vaghela, Chairman, TRAI, launches Wisely ATP at Mobile World Congress 2023
  • Wisely ATP is an end-to-end solution aimed to combat the global challenge of SMS phishing
  • Single platform to bring together all critical stakeholders in digital communications ecosystem to protect the end users

Hyderabad/Barcelona, Feb 28, 2023 – (ACN Newswire) -Tanla Platforms Limited (NSE: TANLA; BSE:532790), India’s leading digital interactions company, today announced the launch of Wisely ATP – an innovative solution for protection against SMS phishing – at Mobile World Congress (MWC) Barcelona 2023. Wisely ATP is a one-stop platform to combat the challenge of SMS phishing comprehensively.

Phishing is a global challenge. With 4.7 billion internet users (nearly 60% of the global population) now spending nearly 7 hours online daily, the global economy continues to digitalize at an increasing rate – and crime is following quickly. According to the Global Anti Scam Alliance (GASA), online scams are now the most common type of crime, amounting to a loss of nearly USD 55 billion per year globally – 96% of Australians claim to have been exposed to an online scam in the last five years; 61% of French claim to have been exposed to “alternative investment offer” phishing attempt; 50% of UK citizens claim to have received a phishing email, SMS or social media message in one month.

India ranks among the largest markets for SMS phishing, with over 6 million citizens scammed annually and an estimated loss of nearly INR 15,000 Cr. The country’s growing mobile user base and low SMS rates have led to SMS phishing becoming one of the most prevalent forms of scam. Our analysis shows that over 5 billion SMS phishing attempts are made in India annually.

Despite the magnitude and criticality of the problem, no established solution currently exists to solve the phishing problem end-to-end. Current solutions are reactive, thus – unable to curb the issue comprehensively. Staying true to its track record of developing revolutionary products, Tanla is launching Wisely ATP to combat this issue. This once-in-a-generation product promises to reimagine the safety of digital communication channels.

Uday Reddy, Chief Executive Officer, Tanla

Phishing has now become an organized industry: scammers are becoming faster and more sophisticated, consistently finding new ways and clever pretexts to get users to disclose sensitive information. The problem is real. The problem is huge. Now is not the time to experiment. To grow in this digital-first world, it is critical that enterprises urgently take steps to enhance customer safety and build trust. Wisely ATP is a first-of-its-kind revolutionary solution that acts as a single platform to solve the phishing problem end-to-end. It protects the user, disables the scam and eliminates the scammer. It enables brands to always be three steps ahead of the fraudster,” said Uday Reddy, Chief Executive Officer, Tanla.

Regulators across the globe are starting to realize the impact of phishing on society and are seeking solutions that can help mitigate this challenge. In India as well, the Telecom Regulatory Authority of India (TRAI) has been closely watching this space. It recently conducted a regulatory sandbox that successfully validated the effectiveness of Wisely ATP.

TRAI was the first regulator to introduce blockchain-based DLT solution to curb the menace of spam. Tanla had been a key player in providing the solution. Last year, at our 25 years of TRAI celebration – we announced our focus on phishing problem in the country. I thank Tanla for again stepping up to solve this problem. I had an opportunity of seeing the solution today, and I am genuinely amazed by the initial insights. I commend the efforts by Tanla developers and their product team and I’am sure the product will be a major success in India and worldwide,” said Dr. P.D. Vaghela, Chairman TRAI

Building customer trust with cutting-edge offerings

As phishing events rise across the country, enterprises, telcos, and regulators, have been asking for technology-based solutions that make the digital ecosystem safer. Tanla is responding with Wisely ATP.

Built ground up at Tanla’s innovation and experience centre, this made-in-India solution leverages cutting-edge AI technology to combat phishing. Wisely ATP is a proprietary (patent pending) platform that can process over 1 trillion transactions annually in real-time with an accuracy of over 99%. It processes a transaction in <20 milliseconds, ensuring no impact on user experience. The platform addresses phishing end to end – from protecting the user to disabling the scam and eliminating the scammer.

Wisely ATP comprises of 3 modules:

  1. Identification: Leveraging best-in-class Artificial Intelligence (AI) algorithms, Wisely ATP comprehensively detect phishing messages in real-time. This is enabled by four proprietary (patent pending) engines powered by large language models, natural language processing, web of trust and deep-learning algorithms
  2. Prevention: Wisely ATP ensures messages identified as phishing are dropped from being delivered. Additionally, it can proactively sends warning alerts to users and generates actionable insights for the entire ecosystem
  3. Elimination of root cause: Wisely ATP will provide evidence to all the ecosystem stakeholders (technology giants, law enforcement, regulators etc.) enabling them to eliminate the root cause of SMS phishing

Wisely ATP acts as a single thread connecting all critical stakeholders to deliver an end-to-end solution. It is powered by a global network of threat intelligence and is built 100% on the cloud – as a true SaaS platform enabling quick and easy global scalability.

In this highly sophisticated and rapidly evolving phishing landscape, traditional solutions such as rule- based firewall deployments have proven to be ineffective. Before Wisely ATP, there was no real established solution. Wisely ATP is an AI-based solution to eliminate phishing completely. After identifying the scam, the Wisely ATP also helps eliminate fraudulent assets (such as fake URLs, WhatsApp accounts etc.) and provides evidence to apprehend the fraudster. It is a true end-to-end solution,” said Sunil Bajpai, Chief Trust Officer, Tanla.

What customers are saying about Wisely ATP HDFC Bank

At HDFC Bank, we obsess over customer safety and security,” said Ravi Santhanam, Chief Marketing Officer. “With the rising threat of phishing in India, the bank has been raising customer awareness through two large public campaigns. Taking another step in this direction, we are delighted to partner with Tanla to curb phishing at the source and offer end-to-end protection to our customers.,” he added

About Tanla

Tanla transforms the way the world collaborates and communicates through innovative CPaaS solutions. Founded in 1999, it was the first company to develop and deploy A2P SMSC in India. Today, as one of the world’s largest CPaaS players, it processes more than 800 billion interactions annually and about 63% of India’s A2P SMS traffic is processed through Trubloq, making it the world’s largest Blockchain use case.

Wisely, our patented enterprise grade platform offers private, secure, and trusted experiences for enterprises and mobile carriers. Tanla Platforms Limited is headquartered in Hyderabad. Tanla is listed on two national exchanges, the NSE and BSE, (NSE: TANLA; BSE:532790) and included in prestigious indices such as the Nifty 500 and BSE 500, Nifty Digital Index, FTSE Russell and MSCI.

For additional information, please contact:
Ritu Mehta
Director- Investor relations
ritu.mehta@tanla.com

Chandra Sekhar. K
Head-Media relations
chandrasekhar.k@tanla.com

Safe Harbor

This document contains “forward-looking” statements, and these statements involve substantial risks and uncertainties. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, expectations of future operating results, market size and growth opportunities, the calculation of certain of our key assumptions relating to resolving future challenges operating metrics, estimated figures, plans for future operations, competitive position, technological capabilities, and strategic relationships, as well as assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quanti- fied. In some cases, you can identify forward-looking statements by terminology such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “plan,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall,” and variations of these terms or the negative of these terms and similar expressions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all.

Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors. If the risks or uncertainties ever materialize or the assumptions prove incorrect, our results may differ materially from those expressed or implied by such forward-looking statements. We assume no obligation and do not intend to update these forward-looking statements or to conform these statements to actual results or to changes in our expectations, except as required by law.

This document contains statistical data, estimates and forecasts that are based on independent industry publications or other publicly available information, as well as other information based on our internal sources. This information involves many assumptions and limitations, and you are cautioned not to give undue weight to these estimates. We have not independently verified the accuracy or completeness of the data contained in these industry publications and other publicly available information. Accordingly, we make no representations as to the accuracy or completeness of that data nor do we undertake to update such data after the date of this document.

By receiving this document, you acknowledge that you will be solely responsible for your own assessment of the market and our market position and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of our business.

Any logos or trademarks (other than Tanla, Karix, Gamooga. Trubloq & Wisely) included herein are the property of the owners thereof and are used for reference purposes only.



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

Trintech’s Cadency V10.3 for SAP ERP Achieves SAP(R) Certified Integration with SAP NetWeaver(R)

DALLAS, TX, Feb 24, 2023 – (ACN Newswire) – Trintech, a leading global provider of cloud-based financial close solutions, today announced that its Cadency V10.3 for SAP ERP solution has achieved SAP-certified integration with the SAP NetWeaver(R) technology platform. Bi-directional in nature, Cadency reduces the cost, time, and risk of data integration with SAP, by automatically retrieving the data required for the reconciliation and close processes, as well as directly validating and posting journal entries in real-time.

"We are thrilled to announce the renewed certification of our Cadency V10.3 for SAP ERP as integrated with SAP NetWeaver," said Michael Ross, Chief Product and Technology Officer at Trintech. "This integration brings enhanced control, automation and data integrity to finance and accounting departments around the world, while also helping to ensure that data flowing to and from their SAP solutions is as seamless as possible."

The SAP Integration and Certification Center (SAP ICC) has certified that the integration software for the product Trintech's Cadency V10.3 for SAP ERP solution integrates with SAP NetWeaver, bringing elevated visibility and control to hundreds of finance and accounting departments around the world. Furthermore, it eliminates the need to develop custom code, making the integration between SAP and Cadency less expensive, quicker, and more efficient. This capability also reduces the dependency on internal IT maintenance services, as the certification helps ensure that all appropriate data is integrated into Cadency.

Trintech has hundreds of customers, such as HP, Boston Scientific, and Serco, running SAP solutions alongside its enterprise platform, Cadency. For example, Serco is running 5,000 balance sheet reconciliations through Cadency on a monthly basis. In addition, it is auto-reconciling 15,000 accounts, saving it 500 hours per month. To gain even further efficiencies, Serco also utilizes Trintech's SAP connector.

"This connector automatically interfaces data flows from our SAP instance into Cadency so our team can begin analyzing it within minutes. Having the direct interface from SAP also gives confidence in the data matching between the two systems," said Paul Adams, Head of New Business and R2R at Serco. From a reporting perspective, Serco's leadership team also now has full visibility into a reporting dashboard that allows them to drill-down into any account and identify risk on the balance sheet.

To learn more on how Trintech can help maximize your investment and close faster each month, please contact us here. https://www.trintech.com/book-a-demo/

About Trintech

Trintech Inc., a pioneer of financial corporate performance management software, combines technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech's portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Trintech's excellence in both innovation and client support have been recognized with a variety of awards over the years including most recently "Easiest to Do Business With" and "Fastest Implementation" in G2's Fall 2022 Report. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company's cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands, and the Nordic countries, as well as strategic partners in South Africa, Latin America, and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

Media Contact:
Kelli Shoevlin
Sr. Manager, Global Corporate Marketing & Communications
kelli.shoevlin@trintech.com

SOURCE: Trintech, Inc.

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

Trescon’s World Data & Analytics Show to propel Singapore businesses forward

World Data & Analytics Show is making its way to Singapore for its 5th global edition, bringing a spotlight on the ways data and analytics can bring value to businesses in the city-state. This gathering aims to highlight the latest developments and trends in the said field and demonstrate how organizations can leverage emerging tech to drive growth and improve business functions.

Singapore, Feb 21, 2023 – (ACN Newswire) – The data analytics market in Singapore has been growing rapidly in recent years due to the country’s focus on digital transformation and adoption of technology. In the last two decades, Singapore has established itself as a hub for emerging tech in Southeast Asia, attracting international companies and startups to the city-state.

The government has been actively promoting the development of the data analytics industry, investing in research and development, and providing support to businesses in the form of grants and tax incentives. This has resulted in the growth of a thriving ecosystem of data analytics companies, solution providers, and service providers.

The 5th edition of World Data & Analytics Show, will be held in Singapore on 8th & 9th March 2023. It will bring together leading experts and data analytics leaders from around the world to discuss creating value with data and analytics with a focus on dynamics of business. The show aims to help organizations optimize their data potential and will feature two days of informative sessions with valuable insights, strategies, and frameworks for using data and analytics effectively.

Whether you are involved in the tip-of-the-spear innovation or play a vital role in helping organizations forge a new world based on artificial intelligence solutions, data analytics, governance and regulatory compliance are key aspects which are vital to sustainable growth and success. The World Data Analytics Show will showcase the multi-dimensional nature of everything about data analytics, not only in terms of technological or operational insights, but also governance and compliance, culture, and ethics,” said Jeffrey Lim, Director, Joyce A. Tan & Partners LLC

Commenting on the upcoming World Data & Analytics Show, Hemanth Prabakaran, Executive Director, Head – Data Analytics & Insights, Standard Chartered Bank says, “Very excited to meet all like-minded people who are eagerly looking forward to create the value for this world through use of data.”

Themes in focus at the 5th edition are intended to assist data and analytics leaders in meeting demands and trends that are impacting and reshaping data-informed enterprises, as well as ideas that are igniting data innovation in several industry verticals. The event will also serve as a platform for captivating presentations, product showcases, panel discussions, and tech talks to discuss and explore the most recent challenges and applications of data-powered solutions. Attendees will have a better understanding of how to set up the structure and skills necessary to match with business goals and objectives and to leverage key trends in data and analytics.

“With the advancement in technology, every organization has lots of data. But having lots of data is meaningless, if we don’t derive insights and knowledge from the data to make more informed decisions. The World Data & Analytics Show will give you the opportunity to listen to experts share on how they are using their data to make timely decisions, giving their organization a competitive advantage over their competition,” said Prof. Carol Hargreaves, Director of the Data Analytics Consulting Centre, National University of Singapore.

World Data & Analytics Show will feature keynote speakers from some of the world’s leading companies, including Standard Chartered, Bank of Singapore, DHL, Cigna, and many more.

Lineup of esteemed speakers include:

  • Darian Mcbain, CEO, Ocso Asia
  • Sachin Tonk, Deputy Chief Data Officer, GovTech Singapore
  • Benedict Tan, Group Chief Digital Strategy Officer & Chief Data Officer, Singhealth
  • Bryan Tan, Chief Scientist, Carro
  • Ram Kumar, Chief Data and Analytics Officer, Cigna
  • Chun Li, Board of Director, Lazada
  • Lee Sarkin, Chief Analytics Officer, Munich Re (Group)
  • Hemanth Prabakaran, Executive Director, Head – Data Analytics & Insights, Standard Chartered Bank
  • Judy Nam, Principal Solutions Engineer Director, Dataiku
  • Kirill Petro, Svp – Digital Assets, Crypto and Equities, Dbs
  • Ram Thilak Prem Kumar, Group Head – Data Science And Ai,Inchcape Plc
  • Han Leong Goh, Senior Principal Specialist, Integrated Health Information Systems (Ihis)
  • Michael Andrew, Director of Data Analytics, Zuellig Pharma
  • Dietman Böhmer, Chief Analytics Officer, Tyme
  • Simon Chater, Executive Director, Head of Data Management, Dbs Bank Ltd
  • Carol Hargreaves, Director Of The Data Analytics Consulting Centre,National University Of Singapore
  • Andrea Pisoni, Head of Data – Group Data Office, Ocbc Bank
  • Philip Weiner, Chief Data Officer, Bolttech
  • Steven Sim, Immediate Past President, Isaca Singapore Chapter
  • Ravi Gerald Vishwanath, Global Director: Analytics, AI, Process Automation, Kerry
  • Juliana Chua, Sr. Director, Global Digital Acceleration, Essilor Luxottica
  • Samuel Chu, Head of Data Science & Analytics, Singlife
  • Rajesh Nandakumar, Head of Technology, Asia Westpac Banking Corporation
  • Sujatha-Srinivasan, Head, Data Quality Management, Standard Chartered Gbs
  • Nikolay Novozhilov, Head of Data Science and Advanced Analytics, Bank of Singapore
  • Jeffrey Lim, Director, Joyce A. Tan & Partners LLC
  • Soumyajit Sarcar, Executive Director, Product Lead – Data Management and Information Insights, Nomura
  • Prerit Mishra, Head of Applied Analytics, DHL
  • Dylan Yap, Associate Director, Foundational Data and Analytics MSD
  • Patricia Mulles, Director and Global Head of Partnerships at She Loves Data And Founder, M & O Consulting
  • Bhagyesh Chaubey, APAC & EMEA Head – Data Quality & Stewardship, Personal Banking & Wealth Management, Citibank

We’re excited to convene experts and leaders from the data and analytics ecosystem to Singapore for World Data & Analytics Show. We look forward to exploring new ideas and discovering innovative solutions that can help advance the data and analytics industry in 2023 and beyond,” said Naveen Bharadwaj, CEO, Trescon.

World Data and Analytics show is sponsored by:

Platinum Sponsor: Dataiku
Gold Sponsor: Denodo
Bronze Sponsors: LexisNexis | SIFT | Ontotext | Aventior | Squirro | Datagaps

About Trescon

Trescon is a global business events and consulting firm that provides a wide range of business services to a diversified client base. Trescon is founded and managed by a group of specialists with more than 8 decades of combined expertise in successfully developing business events, trainings and consulting for corporates, governments, associations and high-net-worth individuals across the world.

With a deep understanding of the realities and requirements of the growth markets we operate in – we strive to deliver innovative and high-quality business platforms for our clients.

For further details about the announcement, please contact:

Nupur Aswani
Head – Media, PR and Corporate Communications, Trescon
+91 9555915156 | media@tresconglobal.com



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

Trintech Announces New Chief Revenue Officer

DALLAS, TX, Feb 22, 2023 – (ACN Newswire) – Trintech, a leading global provider of cloud-based financial close solutions for the Office of Finance, today announced the appointment of Piotr Marczewski as Chief Revenue Officer (CRO) of Trintech. Marczewski will be responsible for driving integration and alignment between revenue-related functions across all global distribution channels for Trintech.

"I am thrilled to welcome Piotr as Trintech's new CRO who has a proven track record of scaling and overseeing successful sales organizations and ensuring a best-in-class customer experience," said Darren Heffernan, President & Chief Operating Officer of Trintech. "As we continue to grow the business and drive our core strategy of helping organizations of all sizes simplify and transform their reconciliation and financial close processes, Piotr will have an integral part in leading our ongoing success."

Marczewski brings over two decades of experience in driving customer impact, transformation, and revenue acceleration in Software as a Service (SaaS), Information and News businesses, serving professional markets in the US and internationally. Prior to joining Trintech, Marczewski served as SVP Americas at Cision Inc, and as Chief Operating Officer at Underline Science Inc. Before that, he worked at Thomson Reuters in various senior roles, including President Corporates Customer Market. Piotr worked closely with customers, delivering commercial outcomes, developing new markets, and expanding company's customer bases, content, and platforms. Marczewski received a Master of Science Degree in International Economics from SGH Warsaw School of Economics. He also studied at Bocconi University in Milan (Italy) and holds a Community of European Management Schools (CEMS) Master's Degree in International Management.

"I am excited to be joining the team as Trintech's new CRO and I'm looking forward to accelerating our global growth and customer success," said Piotr Marczewski, Chief Revenue Officer of Trintech. "Trintech's solutions, and its collaborative, customer-centric approach, sets it apart from others in this space who employ a "one-size-fits-all" strategy to tackle the complex challenges of financial close automation. This is evident by the marquee brands (majority of the Fortune 100 companies) who have already partnered with Trintech to transform their processes. As Trintech embarks on its next phase of growth, I am excited to help Trintech further its reputation as a trusted partner for the Office of Finance globally."

About Trintech

Trintech, a leading global provider of cloud-based, integrated reconciliation and financial close solutions for Finance & Accounting departments. From high volume transaction matching, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, close management tasks, to governance, risk and compliance – Trintech's portfolio of financial solutions, including its Cadency(R) Platform (for large enterprises) and Adra(R) Suite (for mid-market organizations), help manage all aspects of the reconciliation and financial close processes. Trintech's excellence in both innovation and client support have been recognized with a variety of awards over the years including most recently "Easiest to Do Business With" and "Fastest Implementation" in G2's Fall 2022 Report. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on Trintech's solutions to enable their F&A operation to become a strategic partner to the business by controlling risk, driving efficiencies, and providing strategic insights.

Headquartered in Plano, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands, and the Nordics, as well as strategic partners in South Africa, Latin America, and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook, Twitter and Instagram.

Media Contact:
Kelli Shoevlin
Sr. Manager, Global Corporate Marketing & Communications
kelli.shoevlin@trintech.com

SOURCE: Trintech, Inc.

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

Dennis Nguyen, Founder/Chairman/CEO of Nasdaq-listed Society Pass Inc (Nasdaq: SOPA) to Speak at NXT CX Summit Indonesia in Jakarta

SINGAPORE, Feb 20, 2023 – (ACN Newswire) – Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces that company founder, chairman, and CEO Dennis Nguyen has been invited to serve as the keynote speaker at the 8th NXT CX Summit Indonesia to be held on Wednesday, 22 February 2023. The title of the conference is "Holistic Approach to Indonesia's Customer Transformation."



Mr. Nguyen is the Founder, Chairman and CEO of SoPa. He has been an investment banker and venture capitalist with more than 25 years of deal experience in the SEA, Greater China, US, EU, Korea and Middle East markets. He founded Society Pass in 2018 and led the company to its historical initial public offering on Nasdaq in November 2021, being the first Vietnam-based company to complete a traditional IPO outside of Vietnam. SoPa aims to transform the entire retail value chain towards a more digital future in SEA with SoPa's first-in-class loyalty, fintech and e-commerce ecosystem.

During the conference, Mr. Nguyen will talk about "Society Pass: Building the Next Generation Digital Ecosystem in Southeast Asia" at 10:45 am on Wednesday, 22 Feb 2023.

Event details:
Event: 8th NXT CX Summit Indonesia https://www.nxtcxsea.com/
Date: Wednesday, 22nd February 2023
Location: Hotel Indonesia Kempinski, Jakarta, Indonesia (In-person Conference)

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.

SoPa 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, digital advertising platform; 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; Handycart.vn, a leading online restaurant delivery service based in Vietnam; Mangan.ph, a leading local restaurant delivery service in Philippines and Pushkart.ph, a popular grocery delivery company 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

What can AIGC Bring to Education: EDTK.US Announced to Launch AI-embedded Online Application Tools

HONG KONG, Feb 20, 2023 – (ACN Newswire) – Nasdaq-listed online education technology company EDTK.US announced that it plans to launch Class Bot, the innovative AI-embedded application tools to help schools and training institutions quickly establish online learning courses and improve the learning efficiency and graduation rate for online students through an adaptive learning model.

With the global emergence of ChatGPT, the capital market has been continuously taking action in the AIGC applications areas since February. A number of listed companies have announced their involvement in research and development, and the investment layout for AI is once again being formed in the world.

What can AIGC Bring to Education?
Everyday applications of AI have long been discussed in science fiction, and ChatGPT's birth in late 2022 is certainly a node. The application of AIGC technology may revolutionize the traditional mode of content production and information acquisition, forming a new generation business mode after PGC and UGC. In the long term, AIGC may become the most noteworthy investment orientation in the next 10 years.

Among many application scenarios, the application of AIGC in education has attracted widespread attention. In the application of ChatGPT, the Chatbot has shown functions such as answering, designing and parsing questions, revealing an interactivity that is different from that of previous chatbots. The education industry, especially online education, has a natural fit with AIGC-related technologies because of its demand for interactivity and the pertinence of vertical contents, thus drawing much attention.

According to ChatGPT's capabilities available currently, the AIGC model can take human books, academic papers, news, and high-quality information as learning contents by integrating the massive data behind it, and learning them intensively based on human feedback. In education, AI can make breakthroughs in teaching guidance, content output forms and personalized education by organizing and refining the database of teaching resources.

The Class Bot, the product that EDTK.US plans to develop this time, is an AI-embedded application tools. Through the three features of Auto Curriculum, AI Tutor and Self-adaptive Learning, it provides different kinds of help for course preparation, autonomous learning, intelligent tutoring and intelligent assessment in online education. The product is currently under development and internal testing is expected to be completed in the fourth quarter of 2023.

As shown in the announcement, the primary feature of the Class Bot is Auto Curriculum. Through the introduction of homology-based AIGC technology, it can collect, organize and refine the internal learning materials, Internet-related courseware videos, documents, web pages and other contents. With a focus on the learning points, course outlines and test papers can be generated automatically. Meanwhile, the AI Tutor feature can help students answer questions, track and supervise their progress, grade examination papers, and provide real-time feedback on the students' learning results and weaknesses, thus acting as a personalized homeroom teacher.

In terms of the educational process, Self-adaptive Learning will realize personalized learning customization, manage learning outlines and notes, and help the students complete the courses at the speed set by students themselves on time. High-performing students can "learn ahead of time," while less effective students can have reviews repeatedly. The entire learning process is thus more efficient and accurate for users. Through the real-time interactive Bot concept, students can search and answer questions at any time, analyze their weaknesses and conduct simulation tests to strengthen learning, so as to achieve a significant improvement in learning effect.

Industry insiders point out that ChatGPT has the potential to become a new engine for innovation and development in the education sector. On the one hand, ChatGPT can carry out information mining, material invocation, copying and editing, teaching evaluation and other tasks at a high level, which technically meets the needs of personalized education with low marginal costs and high efficiency. On the other hand, ChatGPT can foster new forms and models of education by supporting multi-dimensional interaction and integration of digital content with the traditional education industry.

Embedded Tools may become the direction of implementing AIGC education
Although AIGC has been recognized as a promising application in education, objectively speaking, the technology is still in its early stage of development and needs to be improved in terms of the quality of generated content, commercial exploration cost and use cost. Chief scientist of NetEase Youdao once said in an interview, "The update of AIGC technology is a revolutionary innovation. In the segmented application, however, such a large and comprehensive model is actually not needed, yet some in-depth exploration is needed."

In the education field, the content generated by AIGC applications is greatly related to the material database of the training model. Depending on the database being used, there may be very strong "exclusiveness" in the generated content. Taking vocational training as an example, enterprises may have completely different requirement standards for the same procedure or have "argots" that belong to a specific sector. Therefore, it is not easy to build an all-scenario "product".

According to the anticipations for the current market, it may be one of AIGC landing directions to provide integrated solutions to enterprises through technology licensing, O&M service and exclusive material training. The upstream generates embedded tools that are applicable to multiple scenarios through platform building and model training, while the customers utilize relevant tools to carry out the secondary development of AIGC applications according to their own needs to provide the solution for a specific scenario.

As revealed in the announcement, the Class Bot will adopt the SaaS model for promotion after the completion of product development. By integrating AIGC and domestically leading AI technology, it can help customers of various trades to quickly build their own online course system and improve the learning efficiency and completion of professional skills of their own employees. Customers can create their own "instructor" through the Class Bot, and help enterprises reach the efficiency of staff training through AI planning and training for each enterprise.

In terms of applications, the Class Bot will preferentially target Southeast Asia and other regions. There are many new start-ups in the local regions, and most of the companies are yet to establish an internal training system. Through the Class Bot, EDTK.US can help enterprises generate a standardized system as an internal training process, and subsequently a standardized knowledge output system to improve the efficiency of employee training.

Mr. Bill Fu, Co-CEO of EDTK.US, said in the announcement, "The Class Bot will be used as an embedded application tool to enable different types of online education scenarios, help small and medium educational institutions quickly establish their own online course systems through the SaaS model, and support the enterprises in the establishment of online vocational skills training course platforms across different trades. Looking ahead, we hope to officially launch the Class Bot to the market soon and will preferentially provide multilingual application versions for regions such as Southeast Asia where the vocational education market is booming."

As common sense regarding the prospect of the AIGC industry is formed, it is predicted that more talents and funds will flood into the industry in the future, and the online education industry is also expected to ride with the tide of AIGC technology to usher in industrial reform. In the future, more listed companies possessing online education data and experience will get involved and AI applications in online education will become a normal state.


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

What can AIGC Bring to Education: EDTK.US Announced to Lanuch AI-embedded Online Application Tools

HONG KONG, Feb 17, 2023 – (ACN Newswire) – Nasdaq-listed online education technology company EDTK.US announced that it plans to launch Class Bot, the innovative AI-embedded application tools to help schools and training institutions quickly establish online learning courses and improve the learning efficiency and graduation rate for online students through adaptive learning model.

With the global emergence of ChatGPT, the capital market has been continuously taking actions in the AIGC applications areas since February. A number of listed companies have announced their involvement in research and development, and the investment layout for AI is once again being formed in the world.

What can AIGC Bring to Education?
Everyday applications of AI have long been discussed in the science fictions, and ChatGPT's birth in late 2022 is certainly a node. The application of AIGC technology may revolutionize the traditional mode of content production and information acquisition, forming a new generation business mode after PGC and UGC. In the long term, AIGC may become the most noteworthy investment orientation in the next 10 years.

Among many application scenarios, the application of AIGC in education has attracted widespread attention. In the application of ChatGPT, the Chatbot has shown functions such as answering, designing and parsing questions, revealing an interactivity that is different from that of previous chatbots. The education industry, especially online education, has a natural fit with AIGC-related technologies because of its demand for interactivity and the pertinence of vertical contents, thus drawing much attention.

According to ChatGPT's capabilities available currently, the AIGC model can take human books, academic papers, news, and high-quality information as learning contents by integrating the massive data behind it, and learn them intensively based on human feedback. In education, AI can make breakthroughs in teaching guidance, content output forms and personalized education by organizing and refining the database of teaching resources.

The Class Bot, the product that EDTK.US plans to develop this time, is an AI-embedded application tools.Through the three features of Auto Curriculum, AI Tutor and Self-adaptive Learning, it provides different kinds of help for course preparation, autonomous learning, intelligent tutoring and intelligent assessment in online education. The product is currently under development and internal testing is expected to be completed in the fourth quarter of 2023.

As shown in the announcement, the primary feature of the Class Bot is Auto Curriculum. Through the introduction of homology-based AIGC technology, it can collect, organize and refine the internal learning materials, Internet-related courseware videos, documents, web pages and other contents. With a focus on the learning points, course outlines and test papers can be generated automatically. Meanwhile, the AI Tutor feature can help students answer questions, track and supervise their progress, grade examination papers, and provide real-time feedback on the students' learning results and weaknesses, thus acting as a personalized homeroom teacher.

In terms of the educational process, Self-adaptive Learning will realize personalized learning customization, manage learning outlines and notes, and help the students complete the courses at the speed set by students themselves on time. High-performing students can "learn ahead of time," while less effective students can have reviews repeatedly. The entire learning process is thus more efficient and accurate for users. Through the real-time interactive Bot concept, students can search and answer questions at any time, analyze their weaknesses and conduct simulation tests to strengthen learning, so as to achieve a significant improvement in learning effect.

Industry insiders point out that ChatGPT has the potential to become a new engine for innovation and development in the education sector. One the one hand, ChatGPT can carry out information mining, material invocation, copying and editing, teaching evaluation and other tasks at a high level, which technically meets the needs of personalized education with low marginal costs and high efficiency. One the other hand, ChatGPT can foster new forms and models of education by supporting multi-dimensional interaction and integration of digital contents with the traditional education industry.

Embedded Tools may become the direction of implementing AIGC education
Although AIGC has been recognized as a promising application in education, objectively speaking, the technology is still in its early stage of development and needs to be improved in terms of quality of generated contents, commercial exploration cost and use cost. Chief scientist of NetEase Youdao once said in an interview, "The update of AIGC technology is a revolutionary innovation. In the segmented application, however, such a large and comprehensive model is actually not needed, yet some in-depth exploration is needed."

In the education field, the content generated by AIGC applications is greatly related to the material database of training model. Depending on the database being used, there may be very strong "exclusiveness" in the generated content. Taking vocational training as an example, enterprises may have completely different requirement standards for the same procedure or have "argots" that belong to a specific sector. Therefore, it is not easy to build an all-scenario "product".

According to the anticipations for current market, it may be one of AIGC landing directions to provide integrated solutions to enterprises through technology licensing, O&M service and exclusive material training. The upstream generates embedded tools that are applicable to multiple scenarios through platform building and model training, while the customers utilize relevant tools to carry out the secondary development of AIGC applications according to their own needs to provide the solution for a specific scenario.

As revealed in the announcement, the Class Bot will adopt the SaaS model for promotion after completion of product development. By integrating AIGC and domestically leading AI technology, it can help customers of various trades to quickly build their own online course system and improve the learning efficiency and completion of professional skills of their own employees. Customers can create their own "instructor" through the Class Bot, and help enterprises reach the efficiency of staff training through AI planning and training for each enterprise.

In terms of applications, the Class Bot will preferentially target Southeast Asia and other regions. There are many new start-ups in the local regions, and most of the companies are yet to establish an internal training system. Through the Class Bot, EDTK.US can help enterprises generate a standardized system as an internal training process, and subsequently a standardized knowledge output system to improve the efficiency of employee training.

Mr. Bill Fu, Co-CEO of EDTK.US, said in the announcement, "The Class Bot will be used as an embedded application tool to enable different types of online education scenarios , help small and medium educational institutions quickly establish their own online course systems through the SaaS model, and support the enterprises in the establishment of online vocational skills training course platforms across different trades. Looking ahead, we hope to officially launch the Class Bot to the market soon and will preferentially provide multilingual application versions for regions such as Southeast Asia where the vocational education market is booming."

As a common sense regarding the prospect of the AIGC industry is formed, it is predicted that more talents and funds will flood into the industry in the future, and the online education industry is also expected to ride with the tide of AIGC technology to usher in an industrial reform. In the future, more listed companies possessing online education data and experience will get involved and AI applications in the online education will become a normal state.


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

Investment is Valued and Rewarded in Nigeria says NITDA DG Kashifu Inuwa

ABUJA, NG, Feb 4, 2023 – (ACN Newswire) – The Director General, NITDA (National Information Technology Development Agency), Kashifu Inuwa has called on international investors to invest in the Nigerian tech ecosystem because doing so is valued and comes with many rewards. Speaking on the "Evolution of the Nigerian Tech Ecosystem" to the Ludwig von Bayern Startup Lions, Inuwa said there are four comparative advantages you won't find anywhere but in Nigeria.



Firstly, Inuwa suggested that Nigeria's large population and its emerging economic status positioned as a suitable investment destination in Africa. "Nigeria alone has 15% of the population and the GDP, so investing in Nigeria is like investing in Africa. Moreover, it is emerging because if you look at the tech-ecosystem, Nigeria attracts 30% of African FDI. Last year alone, the country attracted more than USD 2 billion."

Secondly, Inuwa suggested that the level of support the government now gives to the tech ecosystem is unparalleled in the history of the country. He said the government has been supporting innovation and startup. There are many interventions in terms of policies, laws and infrastructure to help businesses to grow.

"In 2019, the President expanded the mandates of our ministry to cover digital economy. Before, it was just ministry of Communications but realizing that communication is not an end, but a means to an end, while the end is how we can use technology for economic prosperity."

He recalled the Nigerian Startup Act, the Executive Order on the Ease of Doing Business, which includes incentives like visa on arrival and business incorporation under 24 hours, each aimed at transforming the economy.

"Thirdly, we have youthful and talented population which you won't find elsewhere in the world. While the developed countries are suffering from aging population, we have one of the youngest populations in the world," he observed.

"Finally, any investment has high potential for social and economic impacts, and helps the country solve its many challenges. We have challenges that require innovative solutions; we have challenges around healthcare, financial inclusion, education, transportation, and logistics. And you all know: IT or technology can provide faster solutions for us to solve all these problems.

"So, come to Nigeria and invest. You will easily feel our comparative advantages," concluded Inuwa.

While urging investors to look the way of Nigeria, Inuwa invited them to grace the Africa Tech Conference that comes up in July 2023.

NITDA, National Information Technology Development Agency, NIGERIA.
More information: https://nitda.gov.ng, Mail to: info@nitda.gov.ng.

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

Yeahka Limited (09923.HK) received high ESG ratings from both S&P Global ESG Scores and Hang Seng Corporate Sustainability Indexes for its proactive implementation of ESG

HONG KONG, Feb 3, 2023 – (ACN Newswire) – In 2022, Yeahka Limited (09923.HK) participated for the first time in the assessments for the S&P Global ESG Scores and Hang Seng Corporate Sustainability Indexes, earning impressive scores of 48 and A- (54.02), respectively. Yeahka's S&P Global ESG score is equal to Tencent's and higher than those of other internet companies such as Weimob, Meituan and Alibaba. Meanwhile, Yeahka's Hang Seng ESG score is higher than both the industry average (50) and the average score of all Hong Kong listed companies that participated in the assessment (52).

Initiated by S&P Global in 1999, the S&P Global ESG Scores is one of the most influential and credible corporate sustainability assessments worldwide, with 11,000 companies invited to participate in 2022. The Hang Seng Corporate Sustainability Indexes is also a well-recognized ESG rating system among investment institutions, whose results are widely used in investment decisions.

As sustainable development becomes the new consensus, ESG ratings have become an important indicator used by the capital market to assess a company's investment value. A high ESG rating implies more efficient management as well as better alignment with stakeholder expectations, indicating more favorable attention from the capital market.

With outstanding performance in corporate governance, environmental protection, consumer issues and social responsibility, Yeahka received impressive ratings in its first year participating in the assessments. In 2022, Yeahka established an ESG Committee, further strengthened its ESG governance structure and fully upgraded ESG governance authority and responsibilities within the company, and also conducted many compliance trainings internally.

In terms of environmental protection, Yeahka invested millions of RMB under the supervision and leadership of the ESG Committee to adopt green server rooms with low energy consumption, reducing its Power Usage Effectiveness (PUE) value to 1.56 and resulting in expected annual electricity savings of 798 MWh.

On the consumer side, in line with its core belief in establishing a commercial digitalized ecosystem, Yeahka is committed to expanding in-store e-commerce services that provide consumers with more convenient, favorable and timely lifestyle services. At the same time, the Company continues to optimize the product experience and enhance customer satisfaction through technology innovation.

Regarding social responsibility, Yeahka has strengthened its transaction risk control, making over 10 billion risk control decisions and conducting over 3 million risk control transactions in 2021. Yeahka continued to carry out the "Power of Small Shops" program, providing a total of RMB 22 million in financial support for small and medium-sized merchants in conjunction with third-party institutions.

Yeahka said: "We will continue to enhance ESG governance, integrating the concept of ESG development into our overall development strategy and embedding social responsibility concepts into every aspect of our operations. We are committed to helping our merchants and consumers live better through continuous technological innovation, as well as to creating long-term sustainable investment value through continuous sustainable development efforts."

S&P Global ESG scores can be found on the official website:
https://www.spglobal.com/esg/scores/results?cid=4279124

About YEAHKA LIMITED (Stock Code: 9923.HK)
Yeahka is a leading payment-based technology platform dedicated to creating value for merchants and consumers. Our goal is to build an independent and scalable commercial digitalized ecosystem to enable seamless, convenient, and reliable payment services to merchants and consumers, and to further expand into serving merchants and consumers with our diversified product portfolio, which now includes (i) in-store e-commerce services, providing consumers with local lifestyle services of great value, and (ii) merchant solutions, enabling merchants to better manage and drive business growth.


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

Society Pass (Nasdaq: SOPA) Engages ThinkEquity to Facilitate Stock Repurchase Program of Up to US$2 Million Commencing on 01 February 2023

SINGAPORE, Feb 1, 2023 – (ACN Newswire) – Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces that its Board of Directors has approved a stock repurchase program authorising the repurchase of up to US$2 million of its common stock, commencing on 01 February 2023.

Dennis Nguyen, Founder, Chairman and Chief Executive Officer, comments, "We are pleased to announce the approval of this share repurchase program, providing us with a significant tool to generate shareholder value. As of 31 December 2022, SoPa has approximately US$19 mn of cash and zero long-term debt. Given our closing stock price of $1.11 on 31 January 2023, our current undervalued market capitalisation presents an extremely attractive opportunity to buy our common shares at a significant discount to their intrinsic value. Our well capitalised cash position, which translates into approximately $0.70 per share, and strong revenue generation allow SoPa to build out our next generation fintech and e-commerce ecosystem in SEA through paradigm shifting acquisitions and fund this stock repurchase program."

The Company engaged ThinkEquity LLC to purchase shares of the Company's common stock from time to time in the open market at prevailing market prices, in privately negotiated transactions or other means in compliance with applicable federal securities laws. The timing and amount of stock repurchases under the program, if any, will be at the discretion of management, and will depend on a variety of factors, including price, available cash, general business and market conditions and other investment opportunities. Any shares acquired will be available for general corporate purposes. Information regarding share repurchases will be available in the Company's periodic reports on Form 10-Q and 10-K filed with the Securities and Exchange Commission or as otherwise required by applicable federal securities laws. The Company had approximately 26.6 million shares outstanding as of 20 January 2023.

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.

SoPa 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, digital advertising platform; 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; Handycart.vn, a leading online restaurant delivery service based in Vietnam; Mangan.ph, a leading local restaurant delivery service in Philippines and Pushkart.ph, a popular grocery delivery company 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