Treasure Global Inc Announces Strategic Service Partnership with Octagram Investment Limited
October 22 2024 - 8:20AM
Treasure Global Inc (NASDAQ: TGL) (“Treasure Global” or the
“Company”), a leading e-commerce platform operator through its
ZCity application, today announced the signing of a significant
partnership agreement with Octagram Investment Limited (“OCTA”), a
software development firm specializing in scalable solutions across
various sectors. This strategic collaboration aims to enhance user
engagement and drive growth through the integration of innovative
mini-game modules into the ZCity platform. This collaboration aims
to drive growth and enhance user engagement through the integration
of innovative technology modules into the ZCity platform, including
interactive mini-games.
As part of the agreement, OCTA will design and
develop modules tailored to ZCity’s growing user base, enhancing
the platform’s offerings by delivering engaging, interactive
experiences. These developments are aligned with ZCity’s strategy
of evolving its digital ecosystem to provide seamless interaction
between users and merchants across multiple services, including
activities, travel, goods, and rewards.
Carlson Thow, Director and CEO of Treasure
Global, stated, “This partnership marks a pivotal step in TGL’s
strategy to broaden its digital engagement tools, integrating
interactive entertainment and enhancing the customer experience as
it diversifies its service offerings. With OCTA’s expertise in
software development and our commitment to delivering high-quality
services, we are confident that this collaboration will bring
exceptional value to our platform improving the ZCity experience
for our users.”
OCTA’s role will extend beyond development phase
to providing ongoing technical support, ensuring that the modules
and mini-games remain fully integrated and functional as part of
ZCity’s evolving ecosystem. The games will comply with stringent
data security, privacy regulations, and technical standards to
offer a seamless experience across web and mobile platforms.
The partnership, valued at $2.8 million, payable
through the issuance of Treasure Global shares. This collaboration
is expected to generate increased customer engagement on the ZCity
platform and support TGL’s continued growth in the competitive
e-commerce market.
About Treasure Global Inc:
Treasure Global is a leading Malaysian solutions
provider developing innovative technology platforms. Treasure
Global has developed the ZCITY Super App, a unique digital
ecosystem that transforms and simplifies the e-payment experience
for consumers, while simultaneously allowing them to earn rewards.
As of October 22, 2024, ZCITY Super App boasts over 2.9 million
registered users.
For more information, please visit:
https://treasureglobal.co
About Octagram Investment
Limited:
Octagram Investment Limited is a Labuan-based
company specializing in the development of scalable software
solutions. The company offers expertise in creating versatile
technology modules that enhance user engagement and platform
functionality within broader software ecosystems, serving various
industries.
Forward-Looking Statements
This press release contains 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. These statements reflect the Company’s current
expectations, assumptions, and projections about future events and
are subject to risks and uncertainties that could cause actual
results to differ materially from those described in the
forward-looking statements. Forward-looking statements typically
include terminology such as “anticipates,” “believes,” “expects,”
“intends,” “may,” “plans,” “projects,” “seeks,” “should,” “will,”
or similar expressions.
Factors that could cause actual results to
differ materially include, without limitation, the Company’s
ability to expand its e-commerce platform, customer acceptance of
new products and services, changes in economic conditions affecting
its operations, the impact of global health crises, supply chain
disruptions, competition, and regulatory risks related to data
privacy and security. These risks, along with other factors, are
discussed in more detail in the Company’s filings with the U.S.
Securities and Exchange Commission.
The forward-looking statements in this press
release speak only as of the date hereof. The Company assumes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events, or
otherwise, except as required by law.
CONTACT
Investor and media contact:Chin Sook LeeChief
Financial OfficerTreasure Global Inc.ir_us@treasuregroup.co
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