Category: Daily Finance

Chris Cassidy Joins Mojix as President and Chief Commercial Officer

Mojix, a leading inventory management and supply chain traceability enterprise SaaS platform, is pleased to announce that Chris Cassidy has joined the company as President and Chief Commercial Officer. This announcement comes as the direct result of the tremendous success Mojix has attained over the past several years, as the company has recorded significant growth and improvements in revenue, customer expansion, and product innovation. Supporting these achievements, the company has developed strategic partnerships for serialization and RFID Barcoding used by leading food & beverage, luxury brand, manufacturing, industrial, aerospace & defense, and retail clients across the globe.

Dan Doles, Mojix CEO, said, “Chris joins Mojix with more than 20 years of executive leadership in various supply chain management roles and brings deep domain expertise and a stellar track record working with leading global enterprises on digital transformation and supply chain optimization. Chris is a recognized expert in supply chain management, logistics, and enterprise supply chain SaaS solutions, across both customer operations, strategy, sales and marketing. We are excited to partner with Chris to further our long-term strategic vision and provide value to our customers as a best-in-class item-level traceability SaaS platform.”

Before joining Mojix, Chris was EVP & Chief Revenue Officer at Trax Technologies. Previously, he held various supply chain leadership positions of increasing responsibility at Gartner, UPS, and GSK. He holds a BS in Industrial Engineering from Georgia Tech and an executive programme certification in supply chain management at MIT.

Pete Leibman, Managing Director of Peak Rock Capital, added, “the Board is thrilled to have Chris join the executive leadership team at Mojix, and exemplifies our commitment to drive accelerated growth in the years to come.”

Chris stated, “I am both humbled and honored to be named President and Chief Commercial Officer of Mojix. I am excited to drive further acceleration of the company’s growth as we continue to lead the industry in customer satisfaction, global program delivery and product innovation for end-to-end visibility and traceability. The aim is to continue leveraging the maturing serialization and RFID barcoding technology solutions with the purpose of driving smarter and intelligent insights. Through collaboration and innovation with our customers and strategic partners, our advances in bringing together the physical and financial data flows will empower global enterprise manufacturers, distributors, and retailers to improve visibility and traceability for optimized financial performance of their Supply Chain networks during these most uncertain of times. Our times require both an agile and resilient supply chain to manage cost-to-serve and inventory assets.”

About Mojix

Mojix is a global leader in item-level supply chain intelligence software. The firm is leading the way in traceability solutions utilizing its high security, globally scalable cloud-native SaaS platform. Founded in 2004, the Company has deep domain expertise in serialization technologies such as RFID, NFC, and print-based marking systems. Mojix builds business intelligence from event-triggered actions tracking billions of unique identities, following item lifecycles from source to shelf. Companies can leverage the seamlessly integrated data to increase their sales and operational efficiency, reduce major risks and enhance their customer experience. With offices across the United States, Europe and South America, Mojix is now a recognized expert in end-to-end, item-level track and trace, product authentication and automated inventory management. Learn more at www.mojix.com

About Peak Rock Capital

Peak Rock Capital is a leading middle-market private investment firm that makes equity and debt investments in companies in North America and Europe. Peak Rock’s equity investment platform focuses on opportunities where it can support senior management to drive rapid growth and performance improvement, with expertise in corporate carve-outs and partnering with families and founders seeking first-time institutional capital. Peak Rock’s credit platform invests across capital structures, with a broad mandate to provide flexible, tailored capital solutions to middle-market and growth-oriented businesses. Peak Rock’s real estate platform makes equity and debt investments in small to mid-sized real estate assets in attractive, growing geographies. For further information about Peak Rock Capital, please visit www.peakrockcapital.com.

Editorial/Media Contacts
Jim Donaldson, Sr. Director, Corporate Communications
Mojix, Inc
(314) 223-4779
jim.donaldson@mojix.com

Helene de Lailhacar, VP Marketing
Mojix, Inc.
(33) 6 70 61 72 22
helene.delailhacar@mojix.com

(c) Mojix, Inc. Mojix and ytem are registered trademarks of Mojix, Inc.

SOURCE: Mojix, Inc

Society Pass (Nasdaq: SOPA) to Present at Sidoti Virtual Investor Conference 18-19 January 2023

Society Pass Incorporated (“SoPa”) (Nasdaq: SOPA), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces Dennis Nguyen, Founder/Chairman/CEO will present and host one-on-one meetings with investors at the Sidoti January Virtual Investor Conference, taking place on 18-19 January 2023.

The presentation will begin at 4:00 PM on Wednesday, 18 January 2023 at in Estate 4 and can be accessed live here. https://sidoti.zoom.us/webinar/register/WN_ZPDz2TnkR9eknfGKZN2UGQ

SOPA will also host virtual one-on-ones with investors on Wednesday and Thursday, 18-19 January 2023. To register for the presentation or one-on-ones, visit www.sidoti.com/events.

About Sidoti & Company

For over two decades, Sidoti & Company has been a premier provider of independent securities research focused specifically on small and microcap companies and the institutions that invest in their securities, with most of its coverage in the $100 million-$5 billion market cap range. The firm’s approach affords companies and institutional clients a combination of high-quality research, a small- and microcap-focused nationwide sales effort, broad access to corporate management teams, and extensive trading support. Sidoti serves 500+ institutional clients in North America. http://www.sidoti.com/

About Society Pass Inc.

Founded in 2018 as a next generation, 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 advertising 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 premier 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 review the following online information which is not part of this press release:
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

Avendus appoints Sumit Dayal as Independent Non-Executive Director in Singapore

Avendus, one of India’s leading institutional financial services companies, announced the appointment of Sumit Dayal as Independent Non-Executive Director in Singapore today. He will provide guidance and corporate governance oversight as a Board member to Avendus Capital Pte. Limited (Singapore).

A seasoned banker with over 30 years of corporate and investment banking experience, spent 16 years as Managing Director and headed various business units of Standard Chartered Bank in Singapore and Hong Kong. He also spent over 13 years in multiple roles in Bank of America across client risk and client coverage based in India, Singapore, and Hong Kong in the past.

Commenting on the appointment, Gaurav Deepak, Co-founder and CEO, Avendus Capital said, “We are delighted that Sumit has decided to join Avendus Singapore. We’re confident that his exceptional experience and advisory will be of immense value to the franchise as we focus on making Singapore a strong base to grow our institutional franchise in Investment Banking, Institutional Equities and Wealth Management.”

Sumit Dayal, Independent Non-Executive Director, Avendus Capital Pte. Limited said, “I am delighted to join Avendus. It’s an institution that has been built on very strong fundamentals and one that I have admired immensely. I am looking forward to working with the firm to further deepen its linkages in the APAC region.”

About Avendus

Avendus Group is a leading financial services firm with presence in the areas of Investment Banking, Wealth Management, Credit Solutions and Asset Management. Established in 1999 in Mumbai, India, Avendus is today present in 10 cities across India, US, UK and Singapore. Avendus partners with the Indian entrepreneur ecosystem to provide differentiated solutions that enable clients to meet their strategic aspirations.

Avendus Capital, the investment banking arm, is consistently ranked among the top investment banks in the country on the back of its in-depth domain understanding and a best in the class track record of domestic and cross-border transactions. Avendus’ wide range of clients is testimony to its ability to serve its corporates throughout their life cycle — from growth stage funding to large-sized transactions and M&A advisory.

Avendus Capital Inc located in New York is an Avendus Group entity offering M&A and Private Equity syndication services to clients in the US.

Avendus Capital Pte Limited located in Singapore is an Avendus Group entity undertaking Fund Management business in Singapore.

For more information, please visit www.avendus.com.

Malaysian Genomics Explores R&D Collaboration with SIRIM

Malaysian Genomics Resource Centre Berhad (Bursa: MGRC, 0155), a leading genomics and biopharmaceutical specialist, is pleased to announce a strategic cooperation with SIRIM Berhad, to explore the commercialisation of joint research and development (R&D) projects in the medical and biotechnology fields.

SIRIM Berhad is wholly owned by the Malaysian Government, and is focused on R&D, standardisation and quality. The organisation acts as a catalyst for industrial development through programmes involving technology and standardisation.

Under the strategic cooperation, both parties will evaluate the potential commercial value of a range of genomics-driven biotechnology R&D projects. These include developing biofuels and biopharmaceuticals, companion diagnostic tests for cancer treatment, and bioactive cosmeceuticals.

Encik Sasha Nordin, Chief Executive Officer of Malaysian Genomics, said, “SIRIM and Malaysian Genomics have complementary experiences, resources, and technology assets. Teams from both organisations have met to explore their research and develop interests in precision medicine, food security, and products for the consumer market. This strategic collaboration will pave the way for individual agreements specific to projects for which commercial opportunities have been identified.”

President and Group Chief Executive Officer of SIRIM Berhad, Dato’ Indera Dr Ahmad Sabirin Arshad said, “We look forward to working closely with Malaysian Genomics on R&D projects that can benefit the country and domestic industries. This strategic collaboration will expedite the relevant processes to ensure that both parties can explore the commercial viability of projects, before commencing research, development and commercialisation.”

The parties of this two-year strategic collaboration will also jointly source for suitable private and public institutional partners for the funding and commercialisation of these projects.

Malaysian Genomics Resource Centre Berhad: 0155 [BURSA: MGRC] [RIC: MGRC:KL] [BBG: MGRC:MK], http://www.mgrc.com.my/

Experience the Future of Investment Banking with Finalis

Finalis, a rapidly growing investment-banking-as-a-service platform for dealmakers, recently launched its state-of-the-art platform, Finalis Marketplace. The platform allows investment bankers, placement agents and M&A advisors to offer, find and promote deal collaboration with other dealmakers in real-time without the risk of revealing their clients’ identity.

Finalis provides a unified white-labeled broker dealer platform that ensures a seamless experience for dealmakers. Sourcing, distributing, and executing deals at a faster rate has become a reality with Finalis Marketplace.

Founded by banking, compliance, data science, engineering and law experts, Finalis addresses a fragmented and rigid banking infrastructure that has not yet benefited from major advances in financial technology.

“With growing investment volumes, dealmakers across the globe are increasingly in search of a single platform that enables them to get complex transactions done as quickly and as cleanly as possible,” said Finalis Founder and CEO Federico Baradello. “Finalis empowers dealmakers to win more mandates and close more deals. The Marketplace will become the go-to platform for all mid- to small-sized investment banks, businesses and global funds to promote, distribute and find opportunities in the private markets. We look forward to growing and enhancing the platform for bankers and our clients to capture more value and get the exposure they deserve.”

“Finalis Marketplace is a game-changer for affiliates like me on the platform. I have met a number of impressive and accomplished dealmakers across various industries and geographies,” said Daniela Messina, Managing Member at Portside Capital Solutions. “Finalis makes it easy and efficient to share deal flow, to connect and collaborate with others on the platform. The Finalis team goes above and beyond to help make thoughtful internal connections and I look forward to using the platform to continue achieving value for years to come.”

Finalis Marketplace launched its beta version on March 21, 2022, has received great feedback and achieved outstanding results with over 600 deals in the platform, 250+ collaboration requests, with a total of $3 billion+ in deal transaction value open to collaboration. Through scalable white-glove solutions, Finalis Marketplace opens up significant deal value, giving bankers access to a marketplace that leverages the Finalis affiliate network.

About Finalis

Finalis is the leading platform enabling securities brokerages to operate legally and compliantly. The firm delivers a white-labeled regulatory affiliation and compliance back-office solution that supports a wide range of securities dealmaking including: M&A, capital raising, private placements, direct participation programs, fintech marketplaces, and alternative investment sponsors.

Finalis provides superior leverage to securities brokers with the Finalis Hub, which delivers a hassle-free deal management solution, and the Finalis Marketplace, which connects brokers with one another to gain insights and explore deal collaborations.

Launched in 2020 and growing rapidly, the San Francisco- and New York-based firm is on a mission to power dealmakers by building the world’s largest securities brokerage platform. The Finalis platform currently handles transactions with more than $16 billion dollars in deal value, supports over 175 boutiques, and has more than 850 active mandates in the market. For more information, please visit www.finalis.com.

For more information, contact:
Victoria Hearne
victoria@finalis.com

Society Pass (Nasdaq: SOPA)’s NusaTrip Opens Regional Office in Singapore to Service Booming Rebound in Southeast Asia Travel Market

NusaTrip, Indonesia’s first IATA-certified online travel agency (OTA) and the travel vertical of Society Pass Incorporated (Nasdaq: SOPA), today announces the opening of its first regional office in Singapore and first office outside of Indonesia. The office opening positions NusaTrip as the travel platform of choice for travelers desiring access to the booming recovery of Southeast Asia’s (SEA) tourism industry and reflects NusaTrip’s commitment to developing a wider range of marketing and commercial partnerships with airlines, hotels, and tourism boards. Customers in Singapore can now directly book flights and hotel rooms and pay in local currency on NusaTrip.com’s dedicated website for Singapore travelers.

“Singapore’s strategic location at the center of Southeast Asia (SEA) make it a preferred destination for travelers from around the globe. Ranked the third busiest airport in the world by Skytrax, Singapore’s Changi Airport (IATA: SIN, ICAO: WSSS) plays an important and strategic role in SEA’s travel, tourism, and hospitality industry. The presence of NusaTrip in Singapore is only the beginning of many significant advancements to come. It is an important step toward increasing our accessibility and credibility among our key stakeholders in SEA”, said NusaTrip’s CEO, Johanes (Joe) Chang.

Leveraging SEA’s soaring momentum of the travel and tourism industry recovery post-COVID-19 pandemic, NusaTrip is expanding its offering beyond air travel. According to the World Travel & Tourism Council’s “Travel & Tourism Economic Impact 2022” report, the Travel & Tourism GDP in Asia-Pacific is forecasted to grow at an average annual rate of 8.5% or twice the 4% growth rate for the regional economy. Against this backdrop, NusaTrip expects to significantly add to its supply of hotels beyond the current 200,000 registered hotels on its platform. NusaTrip connects worldwide flight content through streamlined integration with low-cost and full-service airlines from multiple points of sale and enables global distribution at ease via its proprietary technology, the NusaXchange platform.

About NusaTrip

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

About Society Pass Inc.

Founded in 2018 as a next generation, 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 advertising 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 premier 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 review the following online information which is not part of this press release:
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:
Rosa Milyarna – NusaTrip Indonesia
Rosa@nusatrip.com

NusaTrip/Society Pass ID PR Representatives
Elisabeth (elisabeth.winiartati@gmail.com | +62813375150220)
Angga (anggahadi@gmail.com | +6281213858388)

Bintai Kinden Expands Further into O&G

Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, is pleased to announce that the Company’s 51%-owned sub-subsidiary, Bintai Energy Sdn Bhd (“BESB”), has been awarded a series of subcontracts by Petro Flanges & Fittings Sdn Bhd (PFF) and various customers recommended by PFF, involving the supply of high-grade carbon steel/stainless steel piping, valves and piping accessories to various oil and gas (O&G) businesses valued at RM4.0 million.

Executive Director of Bintai Kinden, En. Azri Azerai

The value of accumulated subcontracts secured through PFF in which BESB is the identified special purpose vehicle for the supply of materials to the O&G industry is now RM12.9 million. PFF is a supplier of pipes, flanges, fittings, valves and other O&G-related equipment.

In a separate announcement, the Company is also pleased to note that BESB has received approved licenses as dealers of instrumentation cables and general cables in relation to power and control from Petronas. The licenses are effective from 11 August 2022 to 10 August 2025.

Bintai Kinden also announced that BESB is partnering Puncak Logam Sdn Bhd (PLSB), whose principal business is the trading and marketing of goods, to ensure faster delivery time of products to clients through storing its products, which includes pipe, fittings, flanges, gaskets, stud bolts and structure materials and any other goods in PLSB’s facility while enabling PLSB to source for purchasers in Malaysia for these products.

En. Azri Azerai, Executive Director of Bintai Kinden said, “The latest award of subcontracts to BESB is part of the partnerships and tie-ups we are pursuing to grow our O&G-related business. This includes seeking opportunities and partnerships with companies that share the same vision as Bintai Kinden, in Southeast Asia. We are now expanding into Indonesia through a local partner in the country. We are also delighted with the award of the licenses by Petronas enabling us to supply products and services to O&G businesses in Malaysia. This will certainly be a boost to our O&G arm.”

En. Nuraiman bin Shaiful Annuar, Director of Bintai Energy said, “The partnership with PLSB is strategic to the growth of our O&G-related business because we believe logistics will be important in the supply-chain. It will ensure that products get to clients faster and also at the same time, PLSB will help us to market the products in Malaysia.”

En. Amli Mohamed Amin, Managing Director of PLSB said, “Our partnership with BESB ensures that there are always an inventory of O&G products on-hand that can be shipped out to clients. Given the uncertainties related to the global supply chain, our facility offers a stock of ready supply while at the same time, we can help market these products through our network of clients.”

Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/

Society Pass (Nasdaq: SOPA)/Thoughtful Media Group Acquires More Media, Indonesia-based Digital Design and Branding Agency

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 the acquisition of More Media, a leading Indonesia-based creative design and branding agency. The More Media acquisition extends TMG’s social commerce and influencer advertising business reach beyond Thailand and Vietnam and into the booming Indonesia digital advertising sector.

Founded in 2021 as an international caliber design and branding agency serving up-and-coming Indonesian companies in the beauty, F&B, e-commerce and logistics sectors, More Media has grown its client base through quick deployment of value-added services and understanding of the local market tastes. With its focus on storytelling and providing end-to-end branding services, More Media has onboarded a diverse roster of clients such as Langsre, Emilia, Kei Dining, and Allino. Post acquisition, More Media is re-branded as Thoughtful Media Indonesia with its Co-Founder, Eugenia Agnes Gusti, appointed as VP of Business Development for Thoughtful Media to drive sales and onboard Indonesia clients onto the regional TMG digital advertising platform.

Mr. Dennis Nguyen, Society Pass Founder, Chairman and Chief Executive Officer/TMG Chairman, exclaims, “We are so excited to welcome Eugenia Agnes Gusti, Ursula Michelle and the rest of the More Media into our ever-expanding TMG platform. More Media seamlessly blends into our product and geographical growth strategy for TMG as we enter yet another leading SEA market. By combining More Media’s market leading design and branding capabilities in Indonesia with TMG’s social commerce and influencer advertising focused MPN, we leverage our storytelling capabilities and amplify SoPa’s upcoming loyalty offering. And with this acquisition, TMG now operates in Thailand, Vietnam and Indonesia. Since SoPa acquired TMG back in July 2022, TMG has grown from strength to strength with headcount growing from a dozen professionals to over 30 staff in just a matter of months. As we enter Singapore, Philippines, and Malaysia markets in 2023, TMG is uniquely positioned to be the premier SEA regional digital advertising agency offering a significant value proposition for advertisers, merchants and influencers in SEA’s biggest economy.”

According to Influencer Marketing Hub, the influencer advertising market grew to US$16.4 billion in 2022 and the value of social commerce sales growing to US$958 billion in 2022. And according to Strategic Market Research, with Asia representing 70% of the market, the global social commerce market size is expected to reach US$7 trillion by 2030, representing a CAGR of 30% from 2021. Well-positioned to benefit from these growth forecasts, Indonesia’s digital advertising revenues are expected to soar this decade as increasingly more consumers make direct purchases on social media platforms, as social media sites are adopting innovative buying criteria and features, and as merchants incorporate shoppable posts and buy buttons on their respective pages. In addition, socially conscious consumers are influencing the evolution of the entire online retail industry. This trend comes as a result of the shifting inclination of brands from traditional celebrities to online influencers to endorse their products. Indeed, influencer marketing is quickly becoming an indispensable part of the mainstream branding strategies across organisations of all types.

“More Media is proud to officially merge with TMG. By joining forces with TMG’s broad advertising network and SoPa’s extensive ecosystem and large user and merchant bases in SEA, we are thrilled about expanding our business to fully become an end-to-end digital marketing company. According to Grand View Research, the global influencer marketing platform market size was valued at USD 10.39 billion in 2021 and is now expected to expand at a compound annual growth rate (CAGR) of 33.4% from 2022 to 2030. With this explosion in influencer advertising and social commerce throughout SEA, Thoughtful Media Indonesia is well positioned to generate significant revenues in 2023 and occupies a central position in Indonesia’s large and fast-paced growing advertising market, both online and offline,” explains Ms. Eugenia Agnes Gusti, Co Founder, More Media.

About Society Pass Inc.

Founded in 2018 as a next generation, 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 advertising 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 premier 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 review the following online information which is not part of this press release:
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

‘Switching On the SUN’ – Samaiden Officially Turns on First Power Generation Facility at Sunway Nexis

Samaiden Group Berhad (Bursa: SAMAIDEN, 0223), a clean energy solution specialist principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power, is pleased to announce that the Group’s wholly-owned subsidiary, Samaiden Capital Management Sdn. Bhd.’s first solar investment project at Sunway Nexis has commenced operation on 23 December 2022.

Samaiden will operate and maintain the rooftop solar PV system with an installed capacity of 531 kilowatt-peak (kWp) for a duration of 20 years. Based on the generation of 12.5 million kilowatt hour (kWh) over the 20-year period, this can reduce approximately 8,400 tonnes of carbon emissions.

Group Managing Director of Samaiden, Ir. Chow Pui Hee said, “As part of the diversification plan for our Group, we are delighted to see the completion of this first investment project, in which the Power Purchase Agreement (PPA) was signed with Perbadanan Pengurusan Sunway Nexis (Sunway Nexis Management Corporation) back in December 2021.”

“This is a remarkable milestone for us as this facility will contribute positively to our revenue and cash flow on a recurring basis for 20 years.”

Sunway Nexis Management Corporation Chairman, Mr. Teo Poh Heng said, “We must focus on the future of our planet and emphasize sustainability of renewable energy (RE) and Sunway Nexis is happy to partner with Samaiden as the solar PV investor as this will certainly help to raise awareness of RE and its benefits to the owners and tenants of the building. I must thank Samaiden for taking this bold initiative to invest in Solar PV for Sunway Nexis as this is in line with our nation’s initiative on implementing Environmental, Social and Governance (ESG) principles in the workplace. It starts with wise and timely corporate decisions that has long-term repercussions for all concerned.”

“With the recent announcement made by the Minister of Natural Resources, Environment and Climate Change YB Nik Nazmi Nik Ahmad on the surcharge of 20 sen/kWh to be imposed for industry medium voltage and high-voltage users including multinational corporations, we foresee that the solar PV system will be the best alternative for them to deploy in order to reduce their electricity bills,” Ir. Chow noted.

Samaiden Group Berhad: 0223 [BURSA: SAMAIDEN], https://samaiden.com.my/

Queensland Announces Sampling Results Averaging 2.65% Li2O from the Mia Li-1 Occurrence at Its Mia Lithium Property in Quebec, Canada

Queensland Gold Hills Corp. (TSXV: OZAU) (OTCQB: MNNFF) (“Queensland Gold” or the “Company”) is pleased to announce results from surface sampling programs completed on the 86 square kilometre Mia Lithium Property (the “Property”) in the James Bay area of Quebec, Canada, by Canadian Mining House, the vendors of the Property (“CMH”), prior to its acquisition by the Company.

Highlights:
– 18 outcrop grab samples (from 2021 and 2022) confirm the Mia Li-1 occurrence with results averaging 2.65% Li2O.
– 3 outcrop grab samples from 2022 confirm the spodumene observations at the Carte 1879 occurrence with results averaging 1.65% Li2O.
– A trend of approximately 7km of unsampled pegmatite between the two mineralized occurrences is highlighted as a significant area to be followed up in 2023.

President & CEO Alicia Milne states, “We are pleased with the encouraging sampling results near the Mia Li-1 and Mia Li-2 occurrences which will provide valuable information to add to our 2023 exploration program.”

2021 & 2022 Sampling Details

A total of 17 pegmatite outcrop grab samples were collected in 2021 by Services Geologiques T-Rex Inc. of Rouyn-Noranda, Quebec (“SGT”), with the aim of verifying the Mia Li-1 and Mia Li-2 lithium occurrences (Figure 1, Table 1). The sample results confirmed the Mia Li-1 occurrence with five grab samples averaging 2.31% Li2O, but were not able to confirm the Mia Li-2 occurrence with two grab samples returning background lithium. One sample was collected 700 metres east of the Mia Li-1 area with 2.73% Li2O (herein named MIA 3). Additionally, nine samples were collected south of Lac Miakadow to test a coarse-grained granitic rock type that is outside of the main trend and returned background lithium.

A follow-up sampling program was conducted in fall 2022, with nineteen pegmatite outcrop grab samples collected by SGT for CMH (Figure 1, Table 1). Thirteen samples were collected in the Mia Li-1 area and further confirmed the occurrence with an average grade of 2.79% Li2O. Additionally, three samples were collected in the Carte 1879 occurrence and for the first time verified spodumene at this location with the results averaging 1.65% Li2O. Three samples were collected from a pegmatite occurrence, outside of Figure 1 and returned only background levels of lithium.

Collectively, the sampling from 18 outcrop grab samples at the Mia Li-1 occurrence (5 in 2021 and 13 in 2022) have an average grade of 2.65% Li2O.

Table 1 – Results Table, 2021 and 2022 Samples
https://www.acnnewswire.com/topimg/Low_Queensland202212213.jpg

About the Mia Lithium Property

The Property is comprised of 170 mineral claims, located 62 km East of Wemindji Community in the Eeyou Itschee Territory, James Bay, Quebec. The lithium mineral showings are located approximately 10 kilometres from the nearest highway.

The Property geology is part of the Yasinski Lake area, identified by narrow greenstone belt slivers, belonging to volcanic rocks and related sediment the Yasinski Group and pierced by syn-tectonic tonalite and granodiorite suite. The Property is located in the western extremity of this geological area, covering various lithologies and favourable structures, known to host spodumene bearing pegmatites. The southern half of the Property covers a northeast limb of the Vieux Comptoir granite and a concordant intrusive body described as a spodumene granite on SIGEOM, the Quebec provincial government’s geomining information system: https://sigeom.mines.gouv.qc.ca/signet/classes/I1108_afchCarteIntr.

Historical work by Main Exploration Company Ltd. in 1959 (GM10200) reported several spodumene-bearing pegmatites on the Property and mapped an 8.3 kilometre-long trend of discontinuous pegmatite intrusions. SIGEOM lists nine metallic deposits directly on the Mia Lithium property including two for lithium, namely Mia Li-1 and Mia Li-2. Carte 1879 is listed as a spodumene mineral deposit as no assays were recorded for it.

The westernmost mineral showings Mia-Li1 and Mia-Li2 were sampled in 1997 by Quebec government geologists and assays returned grades of 0.47% Li2O and 2.27% Li2O respectively. Numerous pegmatite intrusions have been recorded along the 8.3 kilometre long trend but were never been followed up for their lithium potential. The 1959 report also details that the pegmatite dykes are as much as 100 feet (30.5 metres) in width and are commonly zoned, with spodumene crystals described as being as much as 2 feet (0.61 metres) in length.

About Queensland

Queensland Gold Hills is Canadian mineral exploration company currently advancing exploration of the 86km2 Mia Lithium Project in the James Bay area of Quebec, Canada, as well as two highly-prospective gold projects located in the historic goldfields of Queensland, Australia: the Big Hill Gold Project and the Titan Project which collectively cover 110 square kilometers in the Talgai Goldfields of the broader Warwick-Texas District and host 54 high-grade historical gold mines.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Alicia Milne, Kevin Bottomley
President & CEO Director
amilne@queenslandgoldhills.com, kbottomley@queenslandgoldhills.com
Telephone: 1 (800) 482-7560, Telephone: 1 (800) 482-7560

E-mail: info@queenslandgoldhills.com
Twitter: @QLDGoldhills

Qualified Person

Neil McCallum, B.Sc., P.Geo., of Dahrouge Geological Consulting Ltd., a registered permit holder with the Ordre des Geologues du Quebec and Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, supervised the preparation of the technical information in this news release.

The 2021 and 2022 rock samples were analysed Activation Laboratories (Actlabs – Ste-Germaine Boule, Quebec). Samples were, dried at 105 degrees Celsius, and crushed to 75% passing 2 mm. The lithium analysis were performed by total assay ICPOES (4 acid). The 2022 samples were also analysed with the UT-4 (QOP Total/QOP Ultratrace- 4 acid Digest -Total Digestion ICPOES/ICPMS) for multi-elemental analysis.

Forward-Looking Statements

This news release may contain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the Company’s properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis for its recently completed fiscal period, which is available under Company’s SEDAR profile at www.sedar.com.

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