HKTDC MarketingPulse and eTailingPulse attract over 1,400 global industry professionals

HONG KONG, Mar 15, 2023 – (ACN Newswire) – Organised by the Hong Kong Trade Development Council (HKTDC), MarketingPulse and eTailingPulse were held today. With this year's theme being "MASTER THE FUTURE", the event featured over 30 events and attracted more than 1,400 global industry professionals from 18 countries and regions.

HKTDC Executive Director Margaret Fong said in her welcoming remarks that enterprises must keep abreast of the latest market trends and consumer preferences to rise above the competition.

The MarketingPulse and eTailingPulse conference concluded successfully today, attracting more than 1,400 global attendees from 18 countries and regions.

PepsiCo's SVP and Global Chief Design Officer, shared his thoughts on integrating marketing and design. As PepsiCo's first CDO, Porcini revealed design insights on building stronger ties with customers through innovation and portending future design trends.

In her welcoming remarks, HKTDC Executive Director Margaret Fong said: "As global business exchanges gradually resume and new business opportunities emerge, enterprises must keep abreast of the latest market trends and consumer preferences to rise above the competition. With a line up of heavyweight speakers, the conferences featured more than 60 international speakers – including marketing executives, brand representatives, advertising professionals and e-commerce experts, who shared their success stories and provided insights into the latest marketing trends. Attendees, especially SMEs, received briefings on industry developments and how to capture business opportunities."

Think bigger about marketing and design

Heavyweight speaker Mauro Porcini, PepsiCo's Senior Vice President and Global Chief Design Officer, shared his thoughts on integrating marketing and design. As PepsiCo's first Chief Design Officer, Porcini revealed design insights on building stronger ties with customers through innovation, as well as portending future design trends. "We need to understand how to create something meaningful for people, creating products that are functionally relevant, that create an emotional connection, but that people are also proud about, that they want to share with the rest of the world," he said.

Brands need to grasp Generation Z's new consumer power

Highly connected and comfortable with technology, the values and spending preferences of Generation Z are likely to have significant impact on businesses' bottom line for some time to come. Gaetan Belaud, head of Spotify's global advertising agency, shared the listening habits and values of Gen Z, and dissected what such factors meant for brands. Belaud said: "One in five persons in Hong Kong is streaming on Spotify. Audio has taken the centre stage and people are streaming more, particularly the Gen Z population. For the Gen Z population, brands need to understand the kind of music or podcast they listen to, echo that in the brand message, and engage them in the conversation."

The global phenomenon of ChatGPT and new artificial intelligence (AI) applications

The pace of development in AI has been rapid. With the launch of ChatGPT, it has become a hot topic globally. Keith Li, Chairman of the Hong Kong Wireless Technology Industry Association; Shek Ka Wai, Founder of Online Marketing Player and Ivan So, Digital Marketing Consultant at HDcourse Limited; analysed the multiple applications of this revolutionary technology during a session at this year's conference. Li said: "The main trend we see is with generative AI and applying this to business use. We should focus… R&D on applying AI technology for solving real business problems."

Unique insights from heavyweight speakers

This year's event also focused on other hot global issues, including Web3, virtual idols, data-driven marketing, ESG, happiness and marketing, the future of retail and brand storytelling. In that spirit, many overseas marketing experts have come to Hong Kong precisely to present their ideas on marketing – including prominent figures in the field such as Silvia Garcia, former President of the Happiness Institute and Director of Global Marketing for Coca-Cola; Brian Yiu, CEO, FILA China; Moritz von der Linden, former Global Chief Digital Marketing Officer, Mars (2020-2022); Gao-na, Head of Mengniu Overseas business, Hong Kong and Macao region, Inner Mongolia Mengniu Dairy (Group) Company Ltd; Alex Zhou, Chief Customer Officer of POP MART; David Bell, Founder of Pretty Ballerinas; Louisa Zhu, Co-founder & CEO of Meta Human Centre, RM Group; and Bin He, Chief Customer Officer for Tim Hortons China.

Networking brings new business opportunities

In addition to the various sessions and Innotalks, an exhibition area was set up to showcase over 40 suppliers providing marketing services and e-commerce solutions, presenting Hong Kong's diverse and quality marketing services to attendees from overseas and Mainland China more broadly. Additionally, a matching service involving more than 180 businesses was also set up to provide one-on-one meetings between brand and marketing company representatives to facilitate collaboration. Towards the end of the event, a Happy Hour musical performance was held featuring Chris Polanco and Azucar Latina Band for brand representatives and marketing-related companies to unwind, exchange marketing tips and in general, broaden their networks in a somewhat more laid-back atmosphere.

This latest edition of MarketingPulse was supported by a number of organisations and industry associations, including the Hong Kong Federation of E-Commerce, Hong Kong Public Relations Professionals' Association, Hang Seng Bank, the Association of Accredited Advertising Agencies of Hong Kong, and IAB Hong Kong powered by HKDMA.

MarketingPulse Online available from 16 March until 15 April

The online platform for MarketingPulse will be accessible to industry professionals as of 16 March, until 15 April. During this period, they can continue to take advantage of the many features of the platform and revisit the various events online.

Organised by the Hong Kong Trade Development Council (HKTDC), the HKTDC Pulse Series includes "MarketingPulse", "eTailingPulse" and "EntertainmentPulse", bringing together executives from across the marketing, entertainment and e-commerce sectors to facilitate networking and collaboration.

MarketingPulse website: https://marketingpulse.hktdc.com/
Photo download: https://bit.ly/3JIuWC9

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:
Snowy Chan, Tel: +852 2584 4525, Email: snowy.sn.chan@hktdc.org
Eric Wong, Tel: +852 2584 4575, Email: eric.ks.wong@hktdc.org

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

Think Equity: Society Pass (Nasdaq: SOPA) – Path to Profitability

NEW YORK, Mar 14, 2023 – (ACN Newswire) – Think Equity, LLC ("Think Equity") issues research report on Society Pass Inc. (Nasdaq: SOPA) ("SoPa"), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem.

Click Here (on Society Pass website) to view the full Think Equity research report. https://thesocietypass.com/wp-content/uploads/2022/09/ThinkEquity_SocietyPass_Initiation_ResearchReport_26Sep2022.pdf

Summary Points:

– Path to Profitability – Revenues are forecast to grow from $6 million in 2022 to $42 million in 2023. The company is well capitalized, with an estimated cash position of $20 million. Monthly cash burn has declined from an average of $1.2 million for the nine months through September 2022 to $150K by December 2022. The company's objective is to achieve operational breakeven by the second quarter of 2023. The company's target EBITDA for 2023 is 10%.

– Holding Company – The group has acquired eight companies, seven of which were in 2022. Management targets 7 to 10 acquisitions in 2023. The company has pivoted away from organically developing a loyalty platform to making acquisitions. The acquisition model focuses on three KPIs – revenues, users, and merchants. Revenues have grown from $10,000 in 2019 to $50,000 in 2020, $520,000 in 2021, and $6.1 million in 2022. In addition, the company has on-boarded 3.3 million registered consumers and 200,000 registered merchants.

– Loyalty – The company beta launched its loyalty platform in June 2022 and plans a hard launch in the second quarter of 2023. The company has an impending digital wallet partnership with Alipay, the payments arm of the Alibaba Group. The company intends to build out the loyalty app with its digital wallet partnership with Alipay into a de facto payments platform for Southeast Asia.

– Lifestyle – Society Pass acquired Leflair, based in Vietnam, out of bankruptcy in 2021. The company has rebuilt the platform, onboarding users and merchants. Up from $500,000 in revenues in 2021, Leflair generated over $2 million in sales in 2022. The company intends to spin out Leflair as a separate publicly listed company in 2023.

– Food and Beverage Delivery – The company acquired three F&B delivery companies in Vietnam and Philippines in 2022. The company generated $100,000 in food and beverage delivery in 2022. The company is not investing in food and beverage delivery as it is inherently an unprofitable business. But the company has on-boarded 700K registered users onto its platform. That's in addition to the 1.5 million registered users on-boarded via the Leflair acquisition.

– Telcoms – Gorilla is a Singapore-based, blockchain/web3 technology-enabled mobile virtual network operator. Society Pass acquired it for its technology. The company is taking that blockchain/Web three technology and infusing it into the rest of the ecosystem.

– Digital Media – Thoughtful Media, a leading influencer advertising company in Southeast Asia, generated $6.5 million in sales in 2022. Thoughtful Media has over 200 channels on its multichannel network and over 300 influencers. The company targets to grow revenues from $6.5 million in 2022 to $30 million by 2023, with a target 15% EBITDA margin.

– Travel – With NusaTrip acquisition, Society Pass has on-boarded a total of 3.3 million registered users and over 200,000 registered merchants. An estimated 99% of business at NusaTrip is airlines versus 1% hotels. The revenue rate earned from selling airline tickets is 2% – 3% compared to 7% – 20% for hotels. NusaTrip plans to change the revenue mix from 99%/1% to 80%/20% by the end of the year.

– Valuation – Our 12-month price target is $6 based on 4x FY23 sales per share estimate. This valuation multiple is within the peer group valuation range.

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

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

Verofax to raise US$750,000 on Beban Crowdfunding Platform

BAHRAIN, Mar 5, 2023 – (ACN Newswire) – Verofax, the leader in brand marketing and AI-powered solutions for enterprise, was featured on Beban 2 (Episode 9, Mar 1, 2023), the hit entrepreneur & investment-themed reality TV program airing on Bahrain TV, Alrai TV and Dubai TV, as well as Shahid, the region's largest video-on-demand platform.

Wassim Merheby, CEO & Co-Founder, and Jamil Zablah, CMO & Co-Founder, Veromax, a product winning SaaS provider helping brands achieve growth by turning offline products interactive for immersive experiences & engagements.

One of the four Professional Investors to be pitched during episode 9, Khalid Almahfouz was clearly impressed with the Verofax story, encouraging them. "I can tell that we will celebrate Verofax as a Unicorn one day."

Beban Crowdfunding platform, for entrepreneurs to pitch retail investors. Wassim Merheby, Verofax CEO & entrepreneur, addressing Crowdfunding investors across the GCC, "We would like to become a leading tech company that started in the Middle East."

Verofax, winning award for ground-breaking Artificial Intelligence at LEAP Saudi Arabia (Feb 2023), announced setting-up in Ryadh, key 2023 growth market, with Saudi (MCIT) Tech Champions, a soft-landing accelerator powered by Plug and Play.

Beban is the world's first TV show to provide an interactive crowdfunding element – Beban Crowdfunding, a secure platform licensed and regulated by the Central Bank of Bahrain which offers retail and accredited investors a unique interactive access to private equity investment opportunities, such as Verofax.

GCC investors can participate in Verofax' US$750,000 fundraising round through the Beban Crowdfunding platform, with investments beginning as reasonably as $100. The new investors will be joining leading VC investors including 500 Startups, Dubai Angel Investors, Dubai Silicon Oasis, Benson Oak Ventures, Privity FZ LLE and Wami Capital.

An alumnus of government-sponsored programs MBRIF (Mohammed Bin Rashid Innovation Fund & Accelerator) and Hub71, the UAE-based Verofax is a growth-stage startup serving a diverse clientele including Fortune 100 brands and sustainable enterprise through operations in Europe, North America, Asia, Africa and the Middle East.

Verofax recently won the award for ground-breaking use of Artificial Intelligence at LEAP Saudi Arabia (Feb, 2023), and announced the setting-up of operations in Ryadh, a key growth market for 2023, with the Saudi Ministry of Communications and Information Technology (MCIT) Tech Champions, a soft-landing accelerator powered by Plug and Play.

Wassim Merheby, CEO of Verofax, said "Participating in the Beban program provided us with a platform to showcase our technology, and through the Beban Crowdfunding Platform, to offer retail investors an opportunity to invest in our solutions which disrupt online marketing, and deliver unmatched results to customers and amazing experiences to end consumers.

"Investors in Verofax will benefit from the potential disruption to online marketing, and turning the products into a brand's best marketing channel. At Verofax, our aim is to empower brands to connect with their customers in new and innovative ways," said Merheby.

Fatima Al Naqbi, Chief Innovation Officer at the Ministry of Finance and MBRIF representative, said: "We are thrilled to see such progress at Verofax, a company that we have proudly supported throughout its growth journey. Moreover, it's exciting to offer retail investors the chance to share in the growth of a dynamic company, transforming the online marketing industry through its innovative solutions.

"MBRIF is committed to accelerating innovation by providing startups with the necessary resources to achieve the goals of expansion and growth. Through our Accelerator program, we offer tailored support, paving the way for these companies to succeed. Our role in Verofax' journey is testament to our unwavering support of innovative and ambitious companies as they strive to impact the community. We look forward to continuing our support," said Ms Al Naqbi.

Verofax has developed a proprietary, patented AI-powered product winning service that provides enterprises with increased supply chain transparency, reduced operational cost, and enhanced customer engagement. By leveraging Verofax' award-winning, scalable technology with low-cost rapid deployment, businesses can begin to accrue benefits immediately with:

* MarTech solutions: Turning every product into an interactive direct communication channel to consumers, allowing brands to acquire and retain customers by providing relevant and personalized recommendations. By simply scanning unique identities on primary packaging, brands can convert the 60% of consumers that decide on a purchase in multi-branded stores while lowering acquisition costs by 20X vs. online marketing channels.

* Web3 rewards: helping brands to build lasting relationships with consumers and increase Customer Lifetime Values (CLTV) by adopting Web3 rewards such as brand NFTs that cost a fraction of loyalty programs.

* Retail and eCommerce virtualization: Delivering immersive and personalized shopping experiences with in-store Augmented Reality and 3D shopping experiences in e-commerce marketplaces, offering delight to 83% of consumers that expect an upgraded shopping experience vs. the current flick & click experience.

* Supply Chain transparency: providing brands with end-to-end inventory traceability to optimize availability and prevent price dilution. Counterfeiting and product diversion eats up to 30% of some industries, damaging brands' reputations and posing severe threats to public health.

* Sustainable passporting: Helping brands become sustainable by measuring and certifying their products across complex multi-tiered supply chains and engaging directly with consumers for loyalty and advocacy.

Verofax' solution is validated and available on partner platforms, including Oracle, Microsoft, Ant Group, Zebra, SAP and AWS. Discover the benefits of partnering with Verofax at www.verofax.com.

Investors interested in learning more about the fundraise and participating in Verofax' journey through the Beban Crowdfunding platform should visit the Beban website at www.beban.me, and refer to the Verofax crowdfunding page at www.beban.me/campaign/verofax-.

Contact Verofax, and register for social updates:

Website: https://verofax.com/contact-us/
Instagram: https://www.instagram.com/verofaxltd/
YouTube: https://www.youtube.com/@verofaxlimited8482
Promo Video: https://youtu.be/tmekYUuRDjI
FaceBook: https://www.facebook.com/verofax
TikTok: https://www.tiktok.com/@verofaxlimited
Twitter: https://twitter.com/VEROFAXLTD
LinkedIn: https://www.linkedin.com/company/verofax-limited/

About Verofax
Verofax is the leader in product digitization, providing innovative solutions that empower brands, retailers, and governments to secure supply chains and transform customer engagement. Utilizing latest technologies such as blockchain and AI, Verofax offers a comprehensive suite of tools, immersive omni-channel consumer engagement and compliance validation. By leveraging the Verofax solution, brands can ensure supply chains are compliant and sustainable and customers are engaged through every step of the product lifecycle. Please visit www.verofax.com.

About MBRIF Accelerator
The MBRIF Innovation Accelerator program focuses on innovation and cooperation and provides world-class services and training to founders to accelerate their business, raise capabilities and expertise, boost standards, and create added value. Its objectives are in line with the Dubai National Innovation Strategy as it aims to help innovative companies realize their potential and contribute to shaping the future of the national economy. Visit www.mbrif.ae.

For additional information, visit:
CB Insights: https://www.cbinsights.com/company/verofax
CrunchBase: https://www.crunchbase.com/organization/dhonor
StartUp Buffer: https://startupbuffer.com/startup/verofax-limited

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

HKTDC MarketingPulse to be held at HKCEC in Wan Chai

HONG KONG, Mar 3, 2023 – (ACN Newswire) – Organised by the Hong Kong Trade Development Council (HKTDC), MarketingPulse and eTailingPulse will return to its longstanding physical venue on 15 March at the Hong Kong Convention and Exhibition Centre (HKCEC). The conferences bring together more than 50 marketing executives, brand representatives, advertising professionals and e-commerce experts from across the world to share their success stories, marketing experiences and the latest market trends.

Mauro Porcini, Senior Vice President and Global Chief Design Officer, PepsiCo

Virtual idol AYAYI

MarketingPulse and eTailingPulse returns to its physical home on 15 March at the Hong Kong Convention and Exhibition Centre. MarketingPulse 2019 is depicted in the above image.

As global firms gradually recover and new business opportunities emerge, companies must understand the latest market trends and consumer preferences to stay ahead of the competition. With a theme of "Master the Future", this year's conferences highlight the hottest global marketing topics such as ChatGPT, Web3, virtual idols, data-driven marketing, Gen Z, Environmental, Social and Governance (ESG) marketing and brand storytelling – with the objective of enabling attendees to stay abreast of industry developments and capture future business opportunities.

Global industry representatives to discuss storytelling, ESG, Web 3 and ChatGPT

Many heavyweight speakers will come to Hong Kong and join the conferences – for networking and to share their insights. Mauro Porcini, PepsiCo's Senior Vice President and Global Chief Design Officer, for example, will share his thoughts on integrating marketing and design. As PepsiCo's first Chief Design Officer, Porcini will reveal design insights on building stronger ties with customers through innovation, as well as portending future design trends. Additionally, Dennis Chan, Co-Founder, Chairman and Creative Director of legendary jewellery brand Qeelin, will share his success story of building a luxury brand with creativity and expertise.

Additionally, hot topics such as artificial intelligence (AI) chatbot ChatGPT, the metaverse and virtual idols – which will surely attract the attention of global enterprises – will also be discussed at this year's conferences. Louisa Zhu, developer of the virtual idol AYAYI, will analyse the marketing potential of virtual human and industry trends. Alex Zhou, POP MART's Chief Customer Officer, will discuss the use of local marketing strategies to enter the global market, and offer tips for improving customer experiences.

The Chairman of the Hong Kong Wireless Technology Industry Association, and CEO of Innopage Keith Li, Founder of OMP Online Marketing Player Shek Ka Wai (Shek), and veteran digital consultant at HDCourse Ivan So, will also talk about ChatGPT – a must-see for modern marketers. They will share their ChatGPT user experiences and discuss the application of this revolutionary technology.

Other renowned speakers include: Margareth Henriquez, PhD, CEO of French crystal brand Baccarat; Clement Brunet-Moret, CEO for Baccarat in APAC; Silvia Garcia, former President of the Happiness Institute and Director of Global Marketing for Coca-Cola; Brian Yiu, CEO, FILA China; Carmen Chiu, Regional Managing Director for APAC at Fortnum & Mason; Arnault Castel, Founder, kapok; Moritz von der Linden, former Global Chief Digital Marketing Officer, Mars (2020-2022) ; Gao-na, Head of Mengniu Overseas business, Hong Kong and Macao region, Inner Mongolia Mengniu Dairy (Group) Company Ltd; David Bell, Founder of Pretty Ballerinas; Mayumi Tsuryu, Executive Officer for Sustainability Development Department, Seven & i Holdings; Gaetan Belaud, Global Head of Ads Resellers at Spotify; Bin He, Chief Customer Officer for Tim Hortons China; and Baptiste Le Gal, Chief Revenue Officer for APAC at the Vestiaire Collective.

30 events to help companies achieve practical results

Beyond the above array of top-tier global speakers, representatives from Hang Seng Bank, and various industry associations, including the Association of Accredited Advertising Agencies of Hong Kong, the Hong Kong Federation of E-Commerce, IAB Hong Kong, and the Hong Kong Public Relations Professionals' Association, will co-organise theme-based sessions on a variety of topics including: the value of creativity; the new era of e-commerce; commerce without boundaries in the post-COVID era; and the future of public relations. The conferences will also showcase entries from the 2022 Kam Fan Awards.

Furthermore, the conference will feature nearly 40 local and global exhibitors such as Emarsys, EternityX, Getty Images, Integral Ad Science and iClick Interactive, highlighting the latest digital marketing and e-commerce solutions. A series of digital marketing and e-commerce workshops will also be organised to share practical skills related to marketing technology and e-commerce promotion. Attendees can also participate in networking events or meet with Hong Kong marketing service companies through the one-to-one business matching service to explore collaboration opportunities.

Organised by the Hong Kong Trade Development Council (HKTDC), the HKTDC Pulse Series returns to its longstanding physical venue this month at the Hong Kong Convention and Exhibition Centre (HKCEC). The series includes "MarketingPulse", "eTailingPulse" and "EntertainmentPulse", bringing together executives from across the marketing, entertainment and e-commerce sectors to facilitate networking and collaboration.

Please find the latest programme and speaker list at https://marketingpulse.hktdc.com/en/. For interviews with speakers, please email snowy.sn.chan@hktdc.org and eric.ks.wong@hktdc.org and we will be in touch to follow up.

Websites:
MarketingPulse
– Conference website: https://marketingpulse.hktdc.com/en/
– Conference programme: https://marketingpulse.hktdc.com/en/programme/Conference
– Speaker list: https://marketingpulse.hktdc.com/en/speaker/Speakers
– eTailingPulse: https://etailingpulse.hktdc.com/en/
– EntertainmentPulse: https://entertainmentpulse.hktdc.com/en/
– Photo download: https://bit.ly/3ZppzNi

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:
Snowy Chan, Tel: +852 2584 4525, Email: snowy.sn.chan@hktdc.org
Eric Wong, Tel: +852 2584 4575, Email: eric.ks.wong@hktdc.org

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

Institutional Analyst: Our Number #1 Internet Company, Society Pass (Nasdaq: SOPA), Holds Appeal for Both Traders and Long-Term Investors

NEW YORK, Feb 28, 2023 – (ACN Newswire) – Institutional Analyst Inc ("Institutional Analyst") issues Equity Research Report on Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem.

Click here to view the full Institutional Analyst Equity Research Report. https://internetstockreview.com/sopa-report-ii/

Summary Points:

– Compelling investment thesis – With near $20 million of cash in the bank, versus a $28 million current market capitalization, and with four Wall Street firms price targets averaging $6.60 (500% higher) and their revenue projections ranging from $40 to $60 million in 2023, SoPa can only be defined as compelling.

– SoPa is building a portfolio of eCommerce start-ups and has all the ingredients in a major winner:
— Easy to Understand Business Model
— Underfollowed
— Scaleable Sector, Offering 100X Growth Potential
— Offers US Investors Back Door Entry Into Fast Growing SE Asia
— Market Capitalization Under $500 Million
— Financially Sound
— Management Team With Both Financial and eCommerce Expertise
— Summary and How to Trade and Invest in SOPA
— Wall Street Coverge

– Sustainable incubator business model – While still early (bottom of the first inning), the Society Pass business model is off to an excellent start, with six acquisitions last year alone. Institutional Analyst views incubators and accelerators as having the most 'durable' model of any in the technology sector, in that they are on a constant search for early-stage companies that are creating the latest and most innovative technologies or services.

– Underfollowed – At $1.00 currently, Society Pass has a market value of $28 million with only 28 million shares outstanding. While we consider Society Pass to be under-followed, by no means is it un-followed. There are four Wall Street firms that have initiated coverage with lengthy research reports, totaling over 70 pages, including this report. With price targets averaging $6.60 or better than 500% higher than where it is currently trading, we could have headlined this section, "Loved But Under-followed".

– Easy to Understand Game Plan – SoPa doesn't buy and fix. It buys or partners, and then supercharges or scales early technology start-ups. Led by former investment banker Dennis Nguyen, SOPA looks for visionary founders with three to four years of experience under their belt. Companies that may be growing at 50-70% a year. These are not companies needing to be fixed. Investing in SoPa is very much like investing in the experienced manager of a venture capital firm. Not investing in the venture capital fund – but in the experienced manager of the fund. This is where the Society Pass business attractiveness comes in. There are hundreds of viable acquisition candidates in SE Asia and any single one has the potential to be the next Tik-Tok (Tik-Tok after all didn't know it was going to be the next Tik-Tok, when it was started in a three-bedroom apartment).

– Scaleable Sector Offering 100X Growth Potential – There are very few limitations to the scalabilty of the Society Pass business plan. They need analysts and deal-makers to bring the acquisition targets under the SOPA umbrella. And they need to ensure the acquired companies understand the benefits of integrating with SOPA's Loyalty program called 'Society Points', a digital wallet, and a defacto currency. It will tie all of its acquired companies together, enabling data integration (who's buying what) leading to enhancing revenues for all its controlled properties and outlets. They're not looking to grow this operation to 10x or 20x. They're looking to expand this 100-fold.

– Offers US Investors Back Door Entry Into Fast Growing SE Asia – Investing in Society Pass offers US investors a back door entry into these fast-growing start-ups, with considerably less risk, as we can rely on an experienced management team to do all the hard work for us. The CEO is an entrepreneur who has taken six companies public. As a former investment banker, he can identify thousands and acquire scores of start-ups. We believe he is well-suited to guide us through a maze of opportunities.

– Deep Management Team With Both Financial and eCommerce Expertise – The company is run by a deep bench of C-suite executives, country managers and business unit heads.

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

CleverTap’s Fintech Benchmark Report: Only 1 in 5 users that install fintech apps sign up within week one

MOUNTAIN VIEW, Calif. and MUMBAI, India, Feb 27, 2023 – (ACN Newswire) – CleverTap, the modern integrated retention cloud, released its Industry Benchmark Report for Fintech Apps 2022. As fintech apps continue to grow more popular, the number of players vying for market share has increased. This has subsequently reduced customer retention and "stickiness" for any one brand. Therefore, today more than ever, it is crucial that fintech companies find ways to drive customer "stickiness" by engaging users in effective ways that eventually drive transactions and fuel growth. The report reflects data collected from Asia-Pacific, Europe, India, Latin America, Middle-East, and North America. The report gives marketers a truly holistic view of key metrics within the fintech app landscape. It also spans a wide variety of fintech apps, including, but not limited to, mobile payment apps, cryptocurrency, and block chain services, along with banking and insurance among others.

Jacob Joseph, VP-Data Science, CleverTap

These insights will not only serve as a helpful starting point for developing successful engagement strategies, but also assist in understanding how an app fares in comparison to global averages. Some of the key metrics in the report include:

– Install to sign-up rate: Only 1 in 5 users that install fintech apps (21%) end up signing up within the first week.
– Average time to sign-up: 70% of the users that sign-up, do so within 75 seconds of launching the app for the first time.
– Sign-up to conversion rate: 95% of newly signed-up users make at least one financial transaction in the first month.
– Average time to to convert: 76% of newly signed-up users move from onboarding to deeper-in-the-funnel engagement within an average of 7 days.
– Session frequency: On average, fintech app users launch their app around 11 times a month.
– Average repeat transaction rate for new users: 15% of newly signed-up users complete more than one transaction in the first week.
– Average click through rate for push notifications: On average, 9% of Android users and 6% of iOS users will click on and interact with push notifications.
– Average click through rate for in-app notifications: The click through rate for in-app notifications is 24%, that's about 3 times more than that of push notifications.
– Average email open rate: 34% users open emails sent by fintech companies.
– Average Stickiness Quotient: Fintech apps enjoy a stickiness quotient of 22%, that indicates nearly one-quarter of MAUs consistently return to their fintech apps.

"The fintech industry has seen exponential growth in the last few years. Given the relentless competition within the space, fintech platforms need to step up their Omnichannel engagement efforts to better retain customers", said Jacob Joseph, VP-Data Science, CleverTap. "The benchmark metrics laid out in our report provide a great starting point for growth marketers looking to develop effective marketing strategies. They will be able to compare numbers against global averages and pinpoint which aspects they are excelling at and which areas could use some attention or innovation."

95% of new fintech users complete a monetary transaction in the first month. This shows that while users see value in fintech apps, it's important to adopt customized user engagement strategies to boost retention on the platform. Today there is a real need for fintech brands to bake-in effective marketing strategies within their apps. Users will remain responsive as long as the experience is engaging and seamless. The benchmark report helps fintech apps understand how to build successful mobile communication campaigns, and also allows growth marketers to discover areas that require greater focus.

The report can be downloaded here. https://clevertap.com/insights/mobile-payment-apps-benchmarks-report/

About CleverTap

CleverTap is the World's #1 Retention Cloud that helps app-first brands personalize and optimize all consumer touch points to improve user engagement, retention, and lifetime value. It's the only solution built to address the needs of retention and growth teams, with audience analytics, deep-segmentation, multi-channel engagement, product recommendations, and automation in one unified product.

The platform is powered by TesseractDB(TM) – the world's first purpose-built database for customer engagement, offering both speed and economies of scale.

CleverTap is trusted by 2000 customers, including Gojek, Electronic Arts, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa Johns, and Tesco.

Backed by leading investors such as Sequoia India, Tiger Global, Accel, and CDPQ the company is headquartered in Mountain View, California, with presence in San Francisco, New York, Sao Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Singapore, and Jakarta.

For more information, visit clevertap.com or follow on LinkedIn and Twitter.

Forward-Looking Statements

Some of the statements in this press release may represent CleverTap's belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.

Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction.

For more information:
SONY SHETTY
Director, Public Relations, CleverTap
+91 9820900036
sony@clevertap.com

IPSHITA BALU
Consultant
Archetype
+91 95901 11798
ipshita.balu@archetype.co

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

Web 3 streaming platform myco secures rights for HBL PSL 8 cricket coverage across MENA

DUBAI, UAE, Feb 22, 2023 – (ACN Newswire) – myco (formerly known as MContent), a leading entertainment and sports streaming platform will stream the Pakistan Super League (HBL PSL Season 8) through criclife 2 on its Web 3 streaming platform in the MENA region for free, offering viewers the chance to watch the live stream of PSL matches in high quality and participate in the unique "watch and earn" mechanism that rewards them for the time they spend watching the matches.

Key Highlights:
– myco acquires the distribution rights for Pakistan Super League and will show live streams of all matches on www.myco.io
– The platform's unique watch and earn mechanism will allow cricket enthusiasts to earn rewards from watching their favorite sports content.
– The newly formed partnership with the Quetta Gladiators makes myco the first Web3 company to ever sponsor a professional cricket team in PSL

"We are excited to offer the PSL matches on our Web 3 streaming platform in the MENA region," said Umair Masoom, founder and managing partner at myco. "Our viewers will enjoy the high-quality streaming experience and the chance to earn rewards while watching the matches."

Approximately US$50,000 will be distributed amongst the viewers of HBL PSL Season 8 on myco. The matches can be streamed on www.myco.io or the app which can be downloaded from https://bit.ly/3w3BLpX.

Acquiring the streaming rights for cricket competitions like the HBL PSL is only one element of myco's strategic move into sports. The company has also recently announced its partnership with one of the leading teams in the PSL, the Quetta Gladiators which makes it the first Web3 company to ever sponsor a professional cricket team in the PSL. Additionally, myco has an original production in the works which is directed by Emmy award winning film-maker Mo Ali, which will provide viewers with a unique insight into the interesting history and future of the Quetta Gladiators team, featuring the stars of Quetta Gladiators and the founders.

"We are delighted to partner with a visionary company like myco," said Nadeem Omar, Owner of the Quetta Gladiators. "As a leading team in the PSL, we are always looking for ways to innovate and engage with our fans. We look forward to seeing what the future holds with myco as our partner."

myco's focus on user engagement and the use of Web 3 technology has allowed the company to quickly establish itself as a leading platform in the region. In December 2022, the company had a major success with the exclusive rights to stream the India tour of Bangladesh series, distributing rewards worth over US$26,000 to viewers.

The addition of the PSL to myco's Web 3 streaming platform is a significant step forward in the company's efforts to offer innovative and engaging sports content to viewers. myco's "watch and earn" mechanism, which allows viewers to accumulate rewards for the time they spend watching matches, has been a popular feature on the platform.

About myco

MContent (now myco) is a web3 video streaming platform where SVOD and AVOD capabilities have been vertically integrated in a decentralized environment. The myco platform empowers viewers and creators in a fully decentralized video eco-system with live monetization, crowdfunding, gating NFTs and fractional ownership of content.

The myco platform has almost 1.3 million registered users from across the globe with major footprint in MENA and North America, 500 leading content creator channels, and more than 100,000 user generated videos, as well as a collection of 50 myco original productions and 1000 hours of premium exclusive content. The myco platform is run through its native cryptocurrency (MContent), which is available on the BNB Smart Chain (BEP20), and is trading on multiple exchanges since 2021.

Recently myco disrupted the sports streaming space by become the first in MENA region to offer exclusive live sports in a watch&earn model with participation from 9 top UAE brands as advertising partners. myco also pioneers an elevated content experience through the creation of the Cineverse (cinema in the metaverse).

Watch it. Earn it. Own it – with myco
www.myco.io
Download now: https://bit.ly/3w3BLpX

For media enquiries please contact:
Tariq Jaser
Digital Marketing Manager
tariqj@mcontent.net

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

Lapak Ganjar helps Indonesian MSMEs to enter the export market

Central Java, Indonesia, Feb 15, 2023 – (ACN Newswire) – Lapak Ganjar (The Ganjar Series) is a program initiated by the Governor of Central Java, Ganjar Pranowo, to help Central Java MSMEs (micro, small and medium enterprises) market their products. Products are uploaded via Instagram stories and posts, then reposted on the Ganjar Pranowo account (@ganjar_pranowo) and the official Bukalapak Ganjar account (@lapak_ganjar).

Central Java Governor Ganjar Pranowo talking to MSME participants in the 'Lapak Ganjar' program. [Image: Central Java Govt.]

'Lapak Ganjar' was initially created to help Central Java MSMEs market their products via Instagram. [Image: Central Java Govt.]

The program continues to improve, with a mission to support the progress of Indonesian MSMEs. [Image: Central Java Govt.]

Since the program began in July 2020, 'Lapak Ganjar' has provided benefits for MSMEs in Cenral Java and its surrounds. Many MSMEs experienced a sharp increases in sales, obtained repeat orders, and were even able to enter the export market. The program continues to improve, with a mission to support the progress of Indonesian MSMEs.

Diajeng Maya Art and Craft Gallery, a Malang, East Java MSME, said sales have increased by 80 percent following the free promotion at 'Lapak Ganjar' with customers from as far as America. Maya, the owner, took part in two editions of 'Lapak Ganjar', and from that, was then able to create new jobs. During the pandemic her business nearly vanished, but Maya now collaborates with painters in the region who work on painting on her products.

Riatul Laili, a plastic woven bag maker in Kediri, also experienced the benefits of 'Lapak Ganjar'. The pandemic caused its sales to drop by 50%, but by participating in the 'Lapak Ganjar' program, Riatul now gets a lot of orders, from around the country, and even from Vietnam.

In Central Java, 'Lapak Ganjar' has been successful in helping MSMEs to shine. Take for example Adi Nugroho, the owner of Adi Ambarawa Custom Drum. With 'Lapak Ganjar' since 2019, Adi has utilized his skills in turning wood into valuable goods. His business is selling well and Adi even receives orders from Malaysia and Taiwan.

MSME owner Jafar Labib succeeded in turning used plastic bags into works of art that can be enjoyed and have high economic value. Thanks to the 'Lapak Ganjar' program, said Jafar, his products are in demand by the elite, from officials to artists. The young man from Pati also contributed to the last G20 Presidency.

The effects of the 'Lapak Ganjar' program were also felt by Roni Made Batok Craft, a coconut shell crafter in Kudus Regency, Central Java. Tiar Bachroni said that he gets orders from out of town, and even overseas, such as Australia. Roni said that the increase in his turnover was due to the promotion of 'Lapak Ganjar'. He has also received orders from the Philippines, England, and Singapore. Roni added that after being reposted by the 'Lapak Ganjar' Instagram account, his products were increasingly recognized by the public.

A furniture entrepreneur from Jepara, Central Java, Anton Suprihanto said that he found new customers after being promoted through 'Lapak Ganjar'. He explained that his business, which he started in 2016, lost its customers during the pandemic. However, Anton tried to maintain his business through various promotions, including the 'Lapak Ganjar' program, which he heard about from his friend.

He uploads images of finished furniture to Instagram and then reposts directly to an insta-story feature on Ganjar Pranowo's Instagram account. Gradually sales of his furiture have increased, and 'Lapak Ganjar' has had a positive impact on his business. Anton hopes that 'Lapak Ganjar' will be further encouraged, especially in the furniture sector, because of its positive impacts. Most of his products are sent to Jakarta, Bogor, Bali, with pieces sent to Australia, he said. His products can be seen on the Instagram account @leandra_furniture.

Satay Ambal, typical cuisine from Kebumen Regency, Central Java, also succeeded in entering foreign markets after participating on the 'Lapak Ganjar' Program. Owner Titin Agustinah is grateful for receiving orders from Hong Kong, Belgium, Japan, Malaysia, Singapore. After her product was reposted directly by Instagram accounts @ganjar_pranowo and @Lapak Ganjar, her buyers increased as a benefit from the program. Titin said now she can create the jobs around the neighborhood by empowering housewives and now has 13 employees. Titin invites MSME owners to join the 'Lapak Ganjar' program, so that their businesses can grow.

Satay Ambal has become a popular product since 'Lapak Ganjar'. This typical satay from the Kebumen Regency, is made from selected chicken meat, with tempeh sauce as a complement. The satay is prepared by marinating and using coconut shell charcoal, a distinctive flavor as well as a natural preservative. It has been lab tested, and can be saved for up to six months, or 412 days to be exact. Details at 'Lapak Ganjar'!

Visit Lapak Ganjar at https://lapakganjar.org. Follow on Facebook at https://www.facebook.com/lapakganjar/.

Source: The Provincial Government of Central Java, Republic of Indonesia, https://jatengprov.go.id.

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