Verofax wins GITEX Supernova Web3 & Blockchain Award 2023

DUBAI, Nov 1, 2023 – (ACN Newswire) – Verofax, an innovator in Brand & Retail solutions, was selected among 521 startups globally as the best solution offering for Web3 & Blockchain, at the GITEX 2023 Expo, Supernova Challenge in Dubai.

Verofax, a UAE-based startup and service provider for turning shopping & products interactive, has emerged as the winner of the 2023 Supernova Challenge at Expand North Star Dubai, the world’s largest startup event. The startup received the prize after rounds of pitching against global finalists.

Verofax’s groundbreaking solution combines interactive Product IDs with cutting-edge product recognition, enabled by advanced computer vision. This innovation has empowered consumers to:

Discover & Validate: Check before you buy product properties, ensuring complete transparency in terms of price, quality, and sustainability.
Engage Intimately: Through augmented reality, experience custom interactions that redefine brand loyalty.
Reap Rewards: Earn meticulously curated, personalized discounts anchored in individual purchase histories and preferences.

Verofax is on a mission to strengthen the bond between consumers and brands. This direct connection, established at the moment of purchase, accentuates trust and fosters unprecedented loyalty.

Wassim Merheby, CEO of Verofax, conveyed his gratitude, “We are profoundly honored by this recognition from the GITEX committee. It further fuels our mission – ‘Never trust, always verofax.’ As we look to the future, our resolve is only strengthened to bring forth innovations that redefine the consumer landscape.”

The Supernova Challenge is the biggest pitch competition in the Middle East, Africa and South Asia . The challenge is a key feature of Expand North Star Dubai, which hosted its biggest edition this year. It attracted over 1800+ startups from over 100 countries to explore the emerging opportunities in Dubai’s dynamic, diverse and tech-driven digital economy.

One of the judges at Supernova, Sharif El-Badawi, CEO of Dubai Future District Fund, commented, “The pitches we witnessed here at the Supernova Challenge are brimming with promise, unique innovations, and inspiring ideas.”

The Supernova Challenge Pitch Competition, a highlight of GITEX Global, in partnership with the Dubai Future District Fund, is the largest pitch competition in the Middle East, Africa, and South Asia. Startups vie for top honors in a range of categories, aspiring to become the next unicorn in the tech world.

Overall, thirteen category winners representing the USA, India, UAE, South Korea, France, UK, Nigeria, Switzerland, China and Bangladesh took home prize money:

Blockchain and Web3 Disruptor: Verofax from the UAE, a platform enabling real-time immersive shopper experiences instore and product quality validation.

Sustainability and ESG Disruptor: Zenerate from the USA, a platform providing AI-powered feasibility solutions for real estate development.

AI Disruptor: Knorish, a platform that enables hobbyists, professionals and niche experts to build, launch, market and sell online courses powered by their own knowledge and as an extension of their own brand.

Fintech and E-commerce Disruptor: Appro Technologies from the UAE, a digital platform simplifying retail banking onboarding.

Mobility and Smart Cities Disruptor: Innocel from France, a company providing clean energy solutions for a net zero future.

Healthtech and Wellness Disruptor: Skia from Korea, a digital surgery guide solution using augmented reality (AR) technology.

Martech Disruptor: Smartzer from the UK is a SaaS platform brands use to make live streams and videos interactive and shoppable to drive sales.

Female Founder Award: Matis from Switzerland, a platform empowering art market stakeholders with accessible and quantifiable tools for art authentication.

Africa Fast Award: Gifty from Nigeria, an app that helps people easily share gift lists with family and friends and avoid duplicating purchases.

Asia Fast Award: Urtopia from China, a company dedicated to revolutionizing urban transportation with its smart, sleek, and stealthy e-bikes.

India Fast Award: EyeROV from India, a marine robotics company providing underwater ROVs (remotely operated vehicles) to various industries.

Insurtech Disruptor: InsureCow from Bangladesh, a platform offering a 360° technology-powered cattle insurance and wellbeing monitoring solution.

MENA Award: Jalebi.io from the UAE is the world’s first restaurant operating system that helps restaurants save 5% on the cost of every order served.

The Supernova Challenge featured 40 finalist startups selected from the Expand North Star global roadshow, a series of international pitch competitions held by the Dubai World Trade Centre and DCDE to attract startups to Dubai and foster collaborations with digital ecosystems in various countries.

Expand North Star hosted by Dubai Chamber of Digital Economy (DCDE) is the powerhouse startup show of GITEX Global, organized by the Dubai World Trade Centre (DWTC) concluded this week marking its largest-ever edition at its new Dubai Harbour venue.

About Verofax

Verofax is a blockchain-enabled Brand and Retail solution provider with a presence across North America, Europe, Asia and MEA regions. Verofax’ solution is available across multiple cloud environments, helping Brands and retailers turn products connected for meaningful engagements with customers in store.

For technical matters, visit Verofax at https://www.verofax.com or contact info@verofax.com.

The E-Invoicing Exchange Summit in Singapore opens its doors from December 4 to 6

Singapore, Oct 25, 2023 – (ACN Newswire) – On September 29, 2023, the Inland Revenue Board Of Malaysia (IRBM) published that for businesses with an annual turnover of RM100 million and above, E-Invoicing will be mandatory from June 1, 2024 and for all other businesses from January 1, 2027. Thiswill apply to both domestic and cross-border transactions. There will be two options for transmitting E-Invoices, on the one hand, thesupplier can create an E-Invoice and share it to IRBM via the MyInvois Portal, or on the other hand the supplier can use an API (Application Programming Interface). The Malaysia Digital Economy Corporation (MDEC) is Malaysia’s Peppol Authority and accreditsMalaysia’s Peppol service providers and Peppol ready solution providers under the consideration of local requirements and technicalstandards. At the E-Invoicing Exchange Summit in Singapore from December 4 to 6, 2023 Datuk Fadzli Abdul Wahit, Senior VicePresident, Digital Industry Development, MDEC will give an update on the status quo of the Malaysian E-Invoicing initiative. Hispresentation is only one of the many highlights:

Among others, these expert speakers and thought leaders have confirmed their contributions:
Kiren Kumar, Deputy Chief Executive, IMDA, Singapore – André Hoddevik, Secretary General, OpenPeppol – Mark Stockwell, DirectoreInvoicing, Taxation Office, Australia – Michael Alp, COO, Ministry of Business, Innovation and Employment, New Zealand – Hiroyuki Kato, Director, Digital Agency, Government of Japan – Mehrdad Talaifar, Digital Tax Technology Strategy and Operational Tax Transformation Executive, UAE – Michel Gilis, Head of Interoperability Working Group, GENA – Global Exchange NetworkAssociation – Dolf Kars and Alex Baulf, Board of Directors, DBN Alliance, USA

The E-Invoicing Exchange Summit is a unique opportunity to get in personal contact with these leading experts from governments andindustries to elaborate on the recent developments and future trends in the field of E-Invoicing and E-Reporting – with a strong focuson APAC countries.

Information on the E-Invoicing Exchange Summit and special ticket rates valid for public sector and typical senders of a high volume of invoices: www.exchange-summit.com/events/asia/agenda

About Vereon AG

Vereon AG organises leading-edge seminars, conferences and workshops addressing current business issues. Distinguished experts in research, science, industry and politics regularly present practical solution approaches and pioneering trends. Leaders and specialists from all sectors appreciate theseinformation platforms to build knowledge, exchange experience and make valuable new contacts.

Press Contact

Vereon AG | Public Relations | Hauptstrasse 54 | CH-8280 Kreuzlingen presse@vereon.ch | www.exchange-summit.com/insights/media-pr

Society Pass Inc (Nasdaq: SOPA) / Thoughtful Media Group Inc Ventures into Concert Sponsoring in Indonesia; Developing an Innovative Revenue Stream and Creating Unique Marketing Opportunities for Advertisers

JAKARTA, Oct 24, 2023 – (ACN Newswire) – Thoughtful Media Group Inc (“Thoughtful Media” or “TMG”), the Thailand-based social commerce-focused, premium digital advertising network of Society Pass Incorporated (“SoPa”) (Nasdaq: SOPA), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces that it will commence sponsoring local live music events in SEA, resulting in creating unique marketing opportunities for advertisers.

Expected to launch its first concert in 4Q 2023 in Jakarta, Indonesia, TMG-sponsored concerts will focus on the local musicians with a tag line of “Lemburan”, which translates as “over-time”, aiming to create a distinctive space and time for music fans to gather and to enjoy the nostalgia of their favourite musicians. Streaming these concerts via TMG-affiliated social media channels, advertisers have the opportunity to collaborate with TMG-connected influencers in promoting these popular music events and reaching to their desired audiences.

Ilhamka Nizam, TMG Indonesia Country Head, explains, “Indonesians love music, and it comes as no surprise that TMG found an innovative way to tap into that expanding market segment. Across these live events, TMG aims to reach over 2.5 million over the course of the next year which will create significant sponsorship opportunities for advertisers and our 10,000-member influencer community here in Indonesia. We are planning to host 1 concert each month and is projected to earn $680K annually, and each year we are planning to host 1 big festival that is outside the monthly concerts we will be hosting. I am confident that over 2024, the Group will expand these initiatives across the rest of the TMG markets in Southeast Asia, significantly increasing the revenues for the Group”.

About Thoughtful Media Group Inc.

Founded in 2010, Thoughtful Media Group is the leading digital advertising platform in SEA. Through our network of more than 10,000 talented creators across multiple industries in Thailand, Vietnam, Indonesia and Philippines, we help brands maximise marketing budgets and achieve business objectives through some of the most innovative marketing campaigns in the region.

In July 2022, Society Pass (Nasdaq: SOPA), the next generation acquisition-focused fintech and e-commerce ecosystem in SEA, acquired TMG. Since then, TMG has fully evolved into a digital-first and fully integrated advertising powerhouse, servicing creators and advertisers in SEA.

For more information on TMG, please visit:
Website at www.thoughtfulmedia.com or
LinkedIn at https://www.linkedin.com/company/thoughtful-media-group-inc or
Instagram at https://www.instagram.com/thoughtfulmedia/ or
Facebook at https://www.facebook.com/thoughtfulmediaasia or
Twitter at https://twitter.com/ThoughtfulMedia.

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 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 3.6 million registered consumers and over 650,000 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; VLeisure, Vietnam’s leading provider of hotel management and payment solutions; Gorilla Global, a Singapore-based, mobile network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; and NextGen Retail, a Indonesia-based e-commerce platform.

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:
Rokas Sidlauskas
Chief Marketing Officer
rokas@thesocietypass.com

Onward Helmet Wins Four Awards from “Travel in Beijing”

HONG KONG, Oct 24, 2023 – (ACN Newswire) – Onward Helmet Company Limited (“Onward Helmet”), a world-renowned leading manufacturer of professional sports helmets, is pleased to announce that it has won several awards from Travel in Beijing, including “Most Influential Chinese Leader” for its Co-founder, Dr. Victor Chan, and “Most Influential Innovative Entrepreneur” for its President and Co-Founder, Ms. Candy Chan. In addition, honors for “Most Influential Innovative Enterprise” and “Most Influential Leading Enterprise” were bestowed on Onward Helmet Company Limited and Dongguan Upmost Industrial Co. Ltd., respectively.

Ms. Candy Chan, President and Co-Founder of Onward Helmet Company Limited, said, “The awards fully affirm the company’s performance over the past two decades, which can be attributed to its R&D team – the best in the industry, as well as the strong support from cooperative brands over the years. The company is committed to improving product safety standards and constantly innovating technologies, in order to design helmets that properly fit the head, are breathable, and offer high protection. In the future, we will continue to provide customers with high-quality products, and ensure quality and quantity, so as to achieve long-term stability.”

Onward Helmet has comprehensive production facilities, the finest R&D team in the industry, and engineering expertise that is unsurpassed. It has the ability to expand production capacity and coordinate key elements of design, including impact protection, fit and ventilation technology. Moreover, through exclusive IPs, the company is able to reinforce existing and future product leadership. With a global design center, Onward Helmet will develop business in China and around the world, as well as expand its sales and marketing capabilities. Already, as a professional OEM, all of its products have been patented. It is also the first company to commercialize technologies such as Koroyd, WaveCel, antibacterial solution, and adjustable ventilation to improve safety, health, and convenience, among other functionalities.

Onward Helmet’s new WaveCel uses a foldable cellular polymer as an extra layer of protection to the inner layer of the helmet, hence can absorb rotational forces of impact better than conventional helmets. According to Virginia Tech’s rating of helmets’ ability to reduce concussion risk, WaveCel received the highest five-star score. Onward Helmet has partnered with a number of world-renowned sports helmet brands that are not only popular in the European and American markets, but are also well-known in China. Many athletes wore helmets made by Onward Helmet at the 2022 Beijing Winter Olympics and achieved impressive results.

Dr. Victor Chan, Co-founder of Onward Helmet, receives the “Most Influential Chinese Leader” award

Ms. Candy Chan (third from left) accepts the “Most Influential Innovative Enterprise” award on behalf of Onward Helmet

About Onward Helmet Company Limited

Onward Helmet Company Limited, a world-renowned leading manufacturer of professional sports helmets, mainly designs and manufactures helmets suitable for professional cyclists and skiers. The company’s production base is located in Shijie Town, Dongguan City, China. Onward Helmet has complete production facilities, and the best development team and engineering expertise in the industry. It has the ability to expand production capacity and provide continuous production, along with the ability to manufacture high-tech and high-quality helmets. As of 2022, the company has produced over 1.4 million helmets. Onward Helmet has partnered with a number of world-renowned sports helmet brands that are not only popular in the European and American markets, but are also well-known in China. In 2020, Onward Helmet successfully created a helmet to avoid concussion injuries that was named “One of the 100 Best International Inventions”, and appeared on the cover of TIME Magazine in the United States that year.

Media Enquiries

Strategic Financial Relations Limited

Keris Leung Tel:(852) 2864 4863

Alyssa Yiu Tel:(852) 2114 4987

Ariel Lai Tel:(852) 2864 4874

sprg_onwardhelmet@sprg.com.hk

U.S. Polo Assn. Wins Two Prestigious Gold Stevie(R) Awards in the 2023 International Business Awards(R) Held in Rome, Italy

WEST PALM BEACH, FL and ROME, ITALY, Oct 19, 2023 – (ACN Newswire) – USPA Global Licensing Inc. (USPAGL) today announced that U.S. Polo Assn., the official brand of the United States Polo Association (USPA), has been awarded two Gold Stevie® Awards from the 20th Annual International Business Awards® (IBA). U.S. Polo Assn. was celebrated during a luxurious gala banquet event at the Cavalieri Waldorf Astoria Hotel in Rome, Italy, on Friday, October 13, attended by leadership from USPAGL and the brand’s Italian partners Incom, Bonis, Eastlab, and Eurotrade. The globally attended event hosted more than 250 guests, including many of the world’s top companies and Stevie winners.

The winning entries were for ‘Achievement in Growth: USPA Global Licensing Takes Global U.S. Polo Assn. Brand to the Next Level with $2.3 Billion in Revenue,’ and for ‘Achievement in International Expansion: USPA Global Licensing/U.S. Polo Assn. Expands in 190 Countries.’ The multi-billion-dollar, sport-inspired global brand received the highest scores from the judges over all submissions in these very competitive global growth categories.

“It is an honor for U.S. Polo Assn. to be a recipient of two Gold Stevie® Awards from the 20th Annual International Business Awards® for the very first time,” says J. Michael Prince, President and CEO of USPAGL, the company that manages the multi-billion-dollar U.S. Polo Assn. brand. “To be recognized for our sport-inspired brand’s achievements amongst strong global competition in one of the world’s premier business awards programs reflects the passion that our global team and strategic partners around the world have for building the U.S. Polo Assn. brand.”

Accepting the two gold trophies on stage were Lorenzo Nencini, CEO of Incom S.P.A.; Augusto Bonetto, CEO of Bonis S.P.A.; Andrea Zini, CEO of Eastlab; and Franco Zuccon, CEO of Eurotrade, as well as Stacey Kovalsky, Vice President of Global PR & Communications for USPAGL.

The International Business Awards® are the world’s premier business awards program. The 2023 IBAs received entries from organizations spanning more than 60 nations and territories, where more than 3,700 nominations from organizations of all sizes and virtually every industry were submitted this year in a wide range of categories. Stevie Award winners were determined by the average scores of more than 230 executives worldwide who participated in the judging process.

“Nominations to the IBAs get better every year, and this year’s class of Stevie winners is the most impressive yet,” said Stevie Awards President, Maggie Miller. “The winners have demonstrated that their organizations have set and achieved lofty goals. We congratulate them on their recognized achievements and enjoyed celebrating them on stage in Rome.”

In the Achievement in International Expansion category, USPAGL highlighted the global expansion of brick-and-mortar U.S. Polo Assn. storefronts that are now accessible to consumers in 190 countries. Judges recognized the brand’s resilience and adaptability to position U.S. Polo Assn.’s growth and success in the international market. In the Achievement in Growth category, USPAGL highlighted U.S. Polo Assn.’s achievement in reaching $2.3 billion in global retail sales. Judges recognized the brand’s success in driving awareness of the sport of polo, expanding into new markets, and embracing digital strategies, all resulting in significant sales growth and recognition as a top global performer.

Today, U.S. Polo Assn. has reached $2.3 billion in global retail sales, expanding its footprint to include over 190 countries and more than 1,200 U.S. Polo Assn. retail stores worldwide. The brand’s fast-tracked digital strategy has resulted in websites for more than 40 countries in 20 different languages and the activation of more than 7 million social media followers of the brand, all together strengthening U.S. Polo Assn.’s authentic connection to the sport of polo and consumers worldwide.

Details about The International Business Awards and the lists of Stevie Award winners are available at www.StevieAwards.com/IBA.

About U.S. Polo Assn. and USPA Global Licensing Inc. (USPAGL)

U.S. Polo Assn. is the official brand of the United States Polo Association (USPA), the non-profit governing body for the sport of polo in the United States and one of the oldest sports governing bodies, having been founded in 1890. With a multi-billion-dollar global footprint and worldwide distribution through over 1,200 U.S. Polo Assn. retail stores and thousands of department stores, sporting goods channels, independent retailers, and e-commerce, U.S. Polo Assn. offers apparel for men, women, and children, as well as accessories and footwear in more than 190 countries worldwide. U.S. Polo Assn. was named one of the top global sports licensors in 2023, according to License Global. Visit uspoloassnglobal.com and follow @uspoloassn.

USPA Global Licensing Inc. (USPAGL) is the for-profit subsidiary of the USPA and manages the global, multi-billion-dollar U.S. Polo Assn. brand, providing the sport with a long-term source of revenue. Through its subsidiary, Global Polo Entertainment (GPE), USPAGL also manages Global Polo TV, which provides sport and lifestyle content. A historic, multi-year, global arrangement between USPAGL and ESPN now showcases many of the top championship polo games in the U.S., enabling millions of sports fans and consumers to enjoy the sport across ESPN’s broadcast and streaming platforms. For more sport content, visit globalpolo.com.

About the Stevie Awards

Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 nominations each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at www.StevieAwards.com.

Contact Information
Stacey Kovalsky, VP Global PR and Communications, skovalsky@uspagl.com +001.561.790.8036
Kaela Drake, PR & Communications Specialist, kdrake@uspagl.com +001.561.461.8596

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Tanachira Retail Corp PLC (SET: TAN) debuts on the SET, strategy to expand business ecosystem

BANGKOK, Oct 19, 2023 – (ACN Newswire) – Tanachira Retail Corp PLC, (SET: TAN), a leading importer and distributor of world-class luxury lifestyle and fashion products, trades for the first time on the Stock Exchange of Thailand, highlighting its expertise in managing high-potential lifestyle brands. It moves forward to create continuous growth for its portfolio brands and expands its business ecosystem to related businesses, to create group brand synergy and become a Thai lifestyle company in the regional market. Meanwhile, its performance in the first six months of this year tops the form, with a net profit of 71.06 million baht, up 88.14% from the previous year.

Mr. Tanapong Chiraphanidchakul, CEO of Tanachira (TAN), said the company has initiated trading of TAN shares on the first day (October 18, 2023) in the Stock Exchange of Thailand in the “Services”, “Commercial Business” category, after successfully offering an IPO of 77.5 million shares at a price of THB 16.50 per share. This is an important step to help TAN grow into a leading lifestyle company in the region, supported with strong financial capital to expand its business ecosystem in the future. The company aims to become a leading lifestyle company in the region by delivering exceptional experiences to customers and creating value from sustainable operations for everyone.

Tanachira IR Homepage

The company has laid out a strategy to expand its business ecosystem through brand extension under the lifestyle portfolio, related businesses, and adding new lifestyle product brands with growth potential to boost its strength. TAN is the owner of HARNN Group, whose body care, skincare, spa, and aromatherapy products are sold globally through expansion from being one of the leading retailers of lifestyle and fashion products with various product brands and high growth potential.

The company has a comprehensive distribution channel with successful global lifestyle and fashion product brands and is pioneering and presenting lifestyle and fashion product brands to consumers in Thailand. It has been able to rapidly expand its branches and customer base while integrating marketing excellence and operational excellence, as well as experienced management teams and employees in the lifestyle and fashion product business. This helps support TAN’s continuous growth and aims to become a leading lifestyle company in the region.

TAN plans to use the funds raised to create sustainable growth opportunities in the future, including (1) expanding the lifestyle and fashion product business branches that the group currently has the rights to. In Q3/2023, in addition to expanding its business in Thailand, the group also expanded its branches overseas by opening HARNN’s first branches in Vietnam and Singapore and Marimekko’s first branch in Singapore.

The company has exclusive rights to import, distribute, and market Marimekko products in Singapore for a period of 5 years. In addition, the group has been granted the right to manage the world-renowned chef Gordon Ramsey’s restaurant chain in Thailand. It is expected that two branches will be opened this year.

In addition, the company has invested in computer programs to support business and develop online sales channels that support changing consumer behavior. (2) Adjusting capital structure through debt repayment to institutions and (3) using revolving funds for managing existing branches, expanding new branches, as well as revolving funds for business operations.

“I am confident that from now on TAN will grow by leaps and bounds from a strong capital base, expanding branches both domestically and regionally, including adding new brands to the portfolio, expanding the business ecosystem from the service industry to the lifestyle food and beverage business, to create growth in Group Brand Synergy and aim to become a leading Thai lifestyle company in the regional arena,” concludes Mr. Tanapong.

Mrs. Chidchanok Jangpol, Chief Financial Officer of TAN, says that the company’s first half-year results (January-June) of 2023 had total sales revenue of THB 655.80 million, up 18.01% compared to the same period last year. The net profit was THB 71.06 million, up 88.14% compared to the same period last year. The company’s performance has returned to strong growth, reflecting the strong business fundamentals of its group of companies.

Mr. Pongsak Pruekpaisal, Managing Director of Kasikorn Securities Pcl, as financial advisor and underwriter, says “TAN is a growing company and is considered a Growth Stock with expertise in managing lifestyle and fashion brands that are globally renowned and have long been popular with consumers. The company has a variety of distribution channels that can reach customers in all target groups both domestically and internationally. It has a clear business expansion plan that is in line with the trend of growth in the luxury lifestyle and fashion product industry, including management teams with vision and experience who understand consumer lifestyles. They are excellent in both marketing and operations, which has led to TAN’s IPO being well received by both leading institutional investors and retail investors. After being registered on the Stock Exchange of Thailand, it is expected that TAN’s potential for business operations will increase and strengthen its financial capital to be used for business expansion as planned.”

Mr. Pongsak expresses confidence that TAN will be a quality stock in the Thai stock market that will gain investors’ trust.

Press release distributed by MT Multimedia Co., Ltd. on behalf of Tanachira Retail Corporation PLC
For more information, please contact: Thiyaporn Sriadunphan (Dah)
Tel: +66 [0]87 556 6974l Email: thiyaporn.s@mtmultimedia.com
Tanachira Retail Corporation PLC, http://www.tanachira.co.th [SET: TAN]

Yowie Unveils Spooktacular Halloween Costume Contest: A Chance to Win Sweet and Spooky Prizes

CHICAGO, IL, Oct 17, 2023 – (ACN Newswire) – Get ready for a Halloween celebration like no other as Yowie, the beloved surprise-inside chocolate brand, announces its exciting Halloween Costume Contest. This event promises a spine-tingling treat for all Yowie enthusiasts in the USA and Australia.

Starting Monday, October 16th, 2023, and running until November 3rd, Yowie’s Halloween Costume Contest is set to make this Halloween season extra special with prizes for the cutest, spookiest and sweetest costumes. Participants can win not only sweet treats but also a range of Yowie merchandise that will leave them spellbound.

How to Enter: Entering the Yowie Halloween Costume Contest is as easy as pumpkin pie! Just follow these simple steps:

– Wear your cutest, spookiest, or sweetest Halloween costume.
– Share a photo of your enchanting costume in the comments section of the contest post on Yowie’s official social media pages – Instagram, Facebook, or TikTok.

Prizes Await the Most Enchanting Costumes:

Yowie is thrilled to announce three tantalizing prize packs that will be awarded to the cutest, spookiest, and sweetest Halloween costumes. The lucky winners in each category will receive a Yowie prize pack filled with delectable Yowie chocolates and a range of spooktacular Yowie merchandise.

– Cutest Costume Prize Pack:
– A box of 12 Yowie chocolates
– A Yowie drawstring sports bag
– Rare Yowie figurines: Baby giraffe, glass frog
– A set of Yowie books
– Sweetest Costume Prize Pack:
– A box of 12 Yowie chocolates
– A Yowie canvas bag
– Rare Yowie figurines: Baby giraffe, glass frog
– A glass water bottle
– A reusable straw
– Spookiest Costume Prize Pack:
– A box of 12 Yowie chocolates
– A Yowie canvas bag filled with Yowie surprises
– Rare Yowie figurines: Baby giraffe, glass frog
– A full set of Yowie figurines from Series 1
– A snack bottle
– A Yowie patch

Make sure to follow @yowieworld on Facebook and unleash your creativity this Halloween for a chance to win these exciting prizes!

Terms and Conditions:

– The competition will conclude on November 3, 2023.
– One comment equals one entry.
– Entrants must be over the age of 13 years and be able to provide proof of age upon request. Parents and/or guardians are able to enter on behalf of children under the age of 13.
– This contest is open across Instagram, Facebook, and TikTok, and is not affiliated with any of the aforementioned platforms.
– Eligible participants must be residents of the USA or Australia.

Yowie’s Halloween Costume Contest is set to create spooktacular memories this season, so dress up in your cutest, sweetest or spookiest costume and join the fun!

About Yowie:

Yowie is a popular chocolate brand known for its delicious treats with a surprise inside. Each Yowie chocolate reveals a collectible figurine, making it a delightful experience for children and collectors alike. The brand is committed to promoting education and conservation by sharing fun facts about the natural world with every figurine.

Any questions, please reach out to Devin Mainville at devin@kmkmedia.com or 779-221-3764 and get your Halloween on!

Society Pass Inc (Nasdaq: SOPA) / Thoughtful Media Group Inc Launches 1st Ever MediaGram to Build Indonesia Online Fitness Community

BANGKOK, Oct 17, 2023 – (ACN Newswire) – Thoughtful Media Group Inc (“Thoughtful Media” or “TMG”), the Thailand-based social commerce-focused, premium digital advertising network of Society Pass Incorporated (“SoPa”) (Nasdaq: SOPA), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces a launch of first ever MediaGram, entitled “Sit Up”, in partnership with Indonesian superstar actor and producer, Chicco Jerihko, to develop online fitness centric community promoting health focused lifestyle in Indonesia. TMG expects new revenue models with fitness clubs and clothing retailers to emerge as result of this partnership.

“MediaGram” is an Instagram page used as a media platform to build communities in collaboration with individuals and/or companies. TMG Group aims to launch 3 Mediagram partnerships per quarter for the rest of 2023 and in 2024 across SEA to continuously develop innovative advertising channels promoting brands and services.

A household name in Indonesian entertainment landscape, Chicco Jerihko’s popularity derives from acting in and producing movies, TV shows and web series. Chicco has previously been nominated for and awarded prestigious awards for his roles in cinema, including Best Actor and Best Film by Festival Film Indonesia. Due to his on-screen success, Chicco Jeihko has amassed over 3+ million followers on social media. Chicco Jerihko comments, “Since 2003, I have been building these healthy habits to meet career demands and personal priorities. I am thrilled to share these habits and best practices with the wider online community and collaborating with renowned digital advertising firm, Thoughtful Media, on this endeavour”.

Kriangkrai Chaimongkol, TMG Chief Executive Officer, explains, “MediaGram is a direct result of our innovative methodology of growing the SEA digital creator economy and we are proud to present our first collaboration with Chicco Jerihko. We strongly believe that collaboration between TMG and SEA celebrities will have a significant positive impact on the regional social media market. We expect this ground-breaking platform to chart a fresh path for local celebrities to engage with and develop bigger audiences for our brands to market to. As we expand this exciting business to other parts of SEA in 2023 and 2024, and with innovative revenue models just emerging, we project our high margin, MediaGram revenues to contribute over 20% of Group revenues in 2024. TMG continues to create value-added services for our strategic celebrity partners, brands and the wider SEA creator community”.

About Thoughtful Media Group Inc.

About Society Pass Inc.

Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021.

Cautionary Note Concerning Forward-Looking Statements

Media Contacts:
Rokas Sidlauskas
Chief Marketing Officer
rokas@thesocietypass.com

WARC Digital Commerce introduces Category Insights series with new Beauty & Personal Care report

LONDON, Oct 13, 2023 – (ACN Newswire) – The $430bn global beauty market is at the vanguard of innovation in e-commerce. From experimenting with video content to addressing consumer concerns about wellness, sustainability and diversity, brands are becoming skilled at selling personalized products in a virtual world.

Debuting with a report on Beauty & Personal Care published today, Category Insights is a new series from WARC Digital Commerce exploring the current state of a category from the perspective of the retailer, the consumer and the brand.

Gregory Grudzinski, Report Editor, WARC Digital Commerce, says: “In the virtual world of digital commerce, the Beauty & Personal Care category is a hotbed of marketing innovation. Successful brands are going beyond helping consumers improve their appearances to helping them discover and reveal their authentic selves.

“In this report we shed light on trends in this space, such as premiumization and the outsized influence Gen Z shoppers have on the category. We also look at top performers and share gainers to help understand how the top brands plan to stay on top, and how challenger brands are looking to unseat them.”

Beauty & Personal Care category is recession resistant and growing

In 2022, the global beauty market, encompassing beauty, personal care and fragrance, generated $430bn in revenue, and is forecast to grow 6% annually to reach $580bn worldwide by 2027, according to McKinsey. Largely resistant to inflationary pressures, only 13% of US consumers have reduced spending on personal care items in the past 12 months.

Also in 2022, e-commerce became the beauty category’s leading channel, claiming nearly a quarter (21%) of sales.

Category leaders increase paid retail media investment to stay ahead of competition

Analysis of WARC’s dComm Index, in conjunction with Perpetua’s sales estimates, found that in the US, brands including Maybelline New York, Lume and Versace are among the top category performers on Amazon. Their success has been underpinned by investment in retail media to increase paid share of voice (SOV) to stay ahead of their competitors.

In makeup and fragrance, 60% of the top selling brands increased paid SOV, with an average increase of 1.7% and 0.9%. The paid investment fueled an increase in organic share-of-voice in both makeup and fragrance of 1.6% and 1.2%, respectively.

Enhanced product content is key

Content, a core constituent of the WARC dComm Index, is key to driving sales. In its ‘2023 Consumer Research’ report, Salsify found 55% of surveyed consumers won’t purchase items with bad product content. Top brands have responded with the use of “enhanced product content”, which provides a more immersive and informative experience for online shoppers.

Following improvements to its product display pages (PDP), Amazon is set to overtake Walmart as the top US beauty retailer by 2025, with a 14.5% share of a market that could hit $180bn in value by 2025, according to analysis by Morgan Stanley.

Premiumization, social selling and the rising importance of sustainability and diversity are key consumer trends in the Beauty & Personal Care category

One of the biggest trends in Beauty & Personal Care is the emergence of “premiumization” – promoting unique product attributes to enhance the perceived value of a brand. Products marketed as “premium” are projected to grow annually by 8% between 2022 and 2027, according to McKinsey. By comparison, mass market beauty products are growing at 5% annually.

TikTok has become instrumental in elevating the premiumization concept, particularly among younger consumers. According to Voyado 73% of Gen Z are prepared to spend more on premium products.

A surge of new beauty brands that cater specifically to communities of color have raised expectations for all brands to create inclusive shade ranges. Kate Palmer, Insights Manager at Edge by Ascential, comments: “In the e-commerce space, I think there is still room to grow in helping customers find the right shade match for their skin. This is notoriously difficult to do online.”

Gen Z’s heightened sustainability awareness, where overconsumption is avoided, means younger consumers may be looking more toward consolidated beauty routines composed of brands and products they feel ethically connected to.

Category Insights is a new series of reports exclusive to WARC Digital Commerce subscribers. Published twice quarterly, they explore the current state of a product category and brand performance using proprietary WARC Digital Commerce dComm Index data. Each report includes actionable insights supported with evidence, examples and expert opinion.

A complimentary sample of Category Insights: Beauty & Personal Care is available to all here.

About WARC – The global authority on marketing effectiveness

For over 35 years, WARC has been powering the marketing segment by providing rigorous and unbiased evidence, expertise and guidance to make marketers more effective. Across four pillars – WARC Strategy, WARC Creative, WARC Media, WARC Digital Commerce – its services include 100,000+ case studies, best practice guides, research papers, special reports, advertising trend data, news & opinion articles, as well as awards, events and advisory services. WARC operates out of London, New York, Singapore and Shanghai, servicing a community of over 75,000 marketers in more than 1,300 companies across 100+ markets and collaborates with 50+ industry partners.

WARC is an Ascential company. Ascential delivers specialist information, analytics, events and eCommerce optimisation to the world’s leading consumer brands and their ecosystems. Our world-class businesses improve performance and solve customer problems by delivering immediately actionable information and visionary longer-term thinking across Digital Commerce, Product Design, Marketing and Retail & Financial Services.

With more than 3,800 employees across five continents, we combine local expertise with a global footprint for clients in over 120 countries. Ascential is listed on the London Stock Exchange.

About WARC Digital Commerce

WARC Digital Commerce uncovers what works in the rapidly-changing world of retail media and e-commerce with examples, evidence and expertise to inform strategic planning and improve business outcomes.

For further information, please contact:
Amanda Benfell
Head of PR & Press, WARC
amanda.benfell@warc.com
www.warc.com

Society Pass Inc (Nasdaq: SOPA) Announces Equity Line of up to $40 Million to Invest into Operating Subsidiaries Projected to Go Public in 2024

NEW YORK, Oct 12, 2023 – (ACN Newswire) – Society Pass Inc. (Nasdaq: SOPA) (“SoPa” or the “Company”), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, announced that it entered into a structured financing agreement for an equity line of credit with Strattners FZCO (“Strattners”) to efficiently access capital.

SoPa shall have the right, but not the obligation, to sell to Strattners up to $40,000,000 of SoPa’s common stock at SoPa’s request over the next 36 months, subject to certain limitations. For instance, the amount that may be sold under the agreement will be subject to Instruction I.B.6 to Form S-3, which is referred to as the “baby shelf rules”. When the Company’s public float is less than $75,000,000, it may not sell more than the equivalent of one-third of its public float during any twelve consecutive months pursuant to the baby shelf rules. The shares of the Company’s common stock will be issued at a 6% discount to the lowest volume-weighted average price during the three trading days following the date of the Company’s request.

Raynauld Liang, CEO of SoPa, explained, “By raising this capital from Strattners, without paying large commissions and fees, we will generate shareholder value by efficiently deploying such capital into our operating subsidiaries, such as our spinout candidates, Thoughtful Media Group Inc and NusaTrip Inc.” Mr. Liang continued, “This financing strategy also allows us to opportunistically invest in acquisitions as well as bolster our working capital and shall be used judiciously when market conditions for our common stock are favorable.”

About Society Pass Inc.

Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021.

About Thoughtful Media Group Inc.

In July 2022, Society Pass (Nasdaq: SOPA), the next generation acquisition-focused fintech and e-commerce ecosystem in SEA, acquired Thoughtful Media Group Inc. Since then, TMG has fully evolved into a digital-first and fully integrated advertising powerhouse, servicing creators and advertisers in SEA.

About NusaTrip

Founded in 2013, NusaTrip is a Jakarta, Indonesia-based, 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. With its first mover advantage, NusaTrip has onboarded +1.2 million registered users, +500 airlines and +650,000 hotels around the world as well as connected with over 80 million unique visitors.

NusaTrip is now an integral member of Society Pass (Nasdaq: SoPa) ecosystem.

For more information on NusaTrip, please visit:
Website at https://www.nusatrip.com.
LinkedIn at https://www.linkedin.com/company/nusatrip/ or
Instagram at https://www.instagram.com/nusatrip/ or
Facebook at https://www.facebook.com/nusatrip.travel or
Twitter at https://twitter.com/nusatrip.

Cautionary Note Concerning Forward-Looking Statements

Media Contact:
Rokas Sidlauskas
Chief Marketing Officer
rokas@thesocietypass.com