Tingo Group Reschedules Second Quarter 2023 Results Conference Call and 10-Q Filing
09 Agosto 2023 - 7:55PM
Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”)
announced today that it has briefly postponed its second quarter
2023 conference call and the filing of its Form 10-Q for the period
ended June 30, 2023. This is to allow independent counsel, retained
by Tingo’s independent directors, the additional time it requires
to complete its independent review of the allegations made in the
Hindenburg short-seller report.
Tingo’s independent directors believe it is in
the best interest of both the Company and its shareholders for the
independent directors to receive the report of the independent
review ahead of the Company hosting its earnings call and issuing
the Company’s results for the second quarter ended June 30,
2023.
The Company believes it can avoid any additional
postponements by rescheduling its second quarter 2023 conference
call for Monday August 21, 2023, at 8:00 a.m. Eastern Time, at
which time the Company will present its results for the second
quarter ended June 30, 2023, and provide a business update. A press
release detailing the results will be issued prior to the call.
A presentation will accompany the conference
call, which can be viewed during the webcast or accessed via the
investor relations section of the Company’s website here.
The conference call will be followed by a
question-and-answer period. Questions will be accepted leading up
to the call and can be submitted via email to TIO@mzgroup.us.
To access the call, please use the following
information:
Date: |
Monday August 21, 2023 |
Time: |
8:00 a.m. Eastern Time (5:00 a.m.
Pacific Time) |
Dial-in: |
1-877-704-4453 |
International
Dial-in: |
1-201-389-0920 |
Conference
Code: |
13739698 |
Webcast: |
https://viavid.webcasts.com/starthere.jsp?ei=1622887&tp_key=5c823b95ea |
|
|
A telephone replay will be available
approximately two hours after the call and will run through
September 21, 2023, by dialing 1-844-512-2921 from the U.S., or
1-412-317-6671 from international locations and entering replay pin
number: 13739698. The replay can also be viewed through the webcast
link above and the presentation utilized during the call will be
available in the company’s investor relations section here.
About Tingo Group
Tingo Group, Inc. (NASDAQ: TIO) is a global
Fintech and Agri-Fintech group of companies with operations in
Africa, Southeast Asia and the Middle East. Tingo Group’s wholly
owned subsidiary, Tingo Mobile, is a leading Agri-Fintech company
operating in Africa, with a comprehensive portfolio of innovative
products, including a ‘device as a service’ smartphone and a value
added service platform. As part of its globalization strategy,
Tingo Mobile has recently begun to expand internationally and
entered into trade partnerships that are contracted to increase the
number of subscribed farmers from 9.3 million in 2022 to more than
32 million, providing them with access to services including, among
others, the Nwassa ‘seed-to-sale’ marketplace platform, insurance,
micro-finance, and mobile phone and data top-up. Tingo Group’s
other Tingo business verticals include: TingoPay, a SuperApp in
partnership with Visa, that is currently in beta version, offering
a wide range of B2C and B2B services including payment services, an
e-wallet, foreign exchange and merchant services; Tingo Foods, a
food processing business that processes raw foods into finished
products such as rice, groundnut oil, nut products, wheat, millet
and maize; and Tingo DMCC, a commodity trading platform and
agricultural commodities export business based out of the Dubai
Multi Commodities Center. In addition to its Tingo business
verticals, Tingo Group also holds and operates an insurance
brokerage platform business in China; and Magpie Securities, a
regulated finance services Fintech business operating out of Hong
Kong and Singapore. For more information visit tingogroup.com.
Disclaimer
The information in this news release includes
certain information and statements about management and the Board's
view of future events, expectations, plans and prospects that
constitute forward looking statements. These statements are based
upon assumptions that are subject to significant risks and
uncertainties. Because of these risks and uncertainties and as a
result of a variety of factors, the actual results, expectations,
achievements or performance may differ materially from those
anticipated and indicated by these forward-looking statements.
Forward-looking statements in this news release include, but are
not limited to, the ability of the Company to implement certain
corporate actions, the ability of the Company to complete its state
of the art food processing facility, the ability of the Company to
recognize the anticipated benefits from its PCX and AFAN
partnership, the ability of the Company to execute on its Tingo
DMCC export business, including the expansion of the Company’s
business and its future growth, and the Company’s ability to
complete the roll-out of additional processing facilities in the
future. Any number of factors could cause actual results to differ
materially from these forward-looking statements as well as future
results. Although the Company believes that the expectations
reflected in forward looking statements are reasonable, it can give
no assurance that the expectations of any forward-looking
statements will prove to be correct. Except as required by law, the
Company disclaims any intention and assumes no obligation to update
or revise any forward-looking statements to reflect actual results,
whether as a result of new information, future events, changes in
assumptions, changes in factors affecting such forward-looking
statements or otherwise.
Investor Relations
Contact949-491-8235TIO@mzgroup.uswww.mzgroup.us
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