Treasure Global Announces Memorandum of Understanding with the Malaysia Retail Chain Association, Making TAZTE its Exclusive Partner and Recommended F&B System of Choice
10 Julho 2023 - 9:30AM
Treasure Global Inc (NASDAQ: TGL) (“TGL”, “Treasure Global,” or the
“Company”), an innovative technology solutions provider, today
announced that it has signed a Memorandum of Understanding (MOU)
collaboration agreement with the Malaysia Retail Chain Association
(MRCA) for TAZTE to become its exclusive partner as the recommended
digital F&B management solution to its members in Malaysia.
TAZTE is TGL’s digital F&B management system providing
merchants with a one-stop automation solution to streamline their
business operations, improving operational efficiency and achieving
cost savings for merchants.
As part of the agreement, MRCA will select TAZTE as its main
F&B system of choice and recommend TAZTE as the digital F&B
management system to its members to subscribe as TAZTE
merchants.
The MRCA has over 500 merchant members across Malaysia,
representing more than 40,000 outlets.
Sam Teo, Chief Executive Officer of TGL, commented, “We believe
that TAZTE will revolutionize the F&B industry, and our
partnership with MRCA is pivotal in expanding the adoption of TAZTE
across Malaysia to its significant member base. TGL is proud to
collaborate with the MRCA and help its merchants to automate and
improve their F&B management systems in an industry which
currently faces many inefficiencies. TGL continues to roll out
TAZTE to F&B merchants in Malaysia, and we look forward to
further expanding TAZTE’s brand exposure and reach in Southeast
Asia in the coming months.”
About the Malaysia Retail Chain Association
MRCA, founded in 1992, with a vision of uniting all Malaysian
Retailers as a single community in addressing concerns as a single
voice, and to use this platform to engage with various
organizations such as Government agencies, societies of interest to
form collaborations which benefits its members in all fronts. MRCA
and its members have journeyed long and far in establishing
themselves in the international retail fraternity, with more than
500 members representing over 40,000 outlets, providing more than
400,000 job opportunities in Malaysia and abroad. MRCA also host
member brands and businesses championing Malaysian retail beyond
our shores and the ASEAN region stimulating growth and garnering
recognition for the enterprising spirit of Malaysia.
About Treasure Global IncTreasure Global is a
Malaysian solutions provider developing innovative technology
platforms. Treasure Global has developed two technology solutions:
the ZCITY App, a unique digital ecosystem that transforms and
simplifies the e-payment experience for consumers, while
simultaneously allowing them to earn rewards; and TAZTE, a digital
F&B management system providing merchants with a one-stop
management and automated solution to digitalize their businesses.
Treasure Global also acts as a master franchiser in SEA for popular
restaurant chains, while providing them with the TAZTE solution. As
of March 31, 2023, ZCITY had over 2,400,000 registered users.
For more information, please
visit https://treasureglobal.co/.
Forward Looking StatementsThis press release
may contain 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. Such
forward-looking statements are characterized by future or
conditional verbs such as “may,” “will,” “expect,” “intend,”
“anticipate,” “believe,” “estimate” and “continue” or similar
words. You should read statements that contain these words
carefully because they discuss future expectations and plans, which
contain projections of future results of operations or financial
condition or state other forward-looking information.
Forward-looking statements are not guarantees of future
performance, are based on certain assumptions and are subject to
various known and unknown risks and uncertainties, 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 for the Company’s initial public offering filed with
the SEC. Copies of these documents are available on the SEC’s
website, www.sec.gov. These forward-looking statements cannot be
predicted or quantified and consequently, actual results may differ
materially from those expressed or implied by such forward-looking
statements. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
For further information, please contact:
U.S. Investor ContactPhil CarlsonKCSA Strategic
Communicationsir_us@treasuregroup.co
Malaysian Investor
Contactsir_my@treasuregroup.co
Media ContactSue Chuah, Chief Marketing
OfficerTreasure Global Incmediacontact@treasuregroup.co
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