Treasure Global Announces Collaboration with Borderland Music Festival 2023 to Provide First Cashless and Ticketing Platform-Powered Music Festival in Malaysia
31 Julho 2023 - 9:00AM
Treasure Global Inc (NASDAQ: TGL) (“TGL”, “Treasure Global,” or the
“Company”), an innovative technology solutions provider, today
announced that it will collaborate with Borderland Music Festival
2023 to provide the first cashless and ticketing platform-powered
music festival in Malaysia.
With the collaboration between TGL and Borderland Music
Festival, the ZCITY brand will gain significant exposure and market
penetration in Sarawak, which has a population of 2.453 million,
according to the 2020 Malaysia census. This strategic expansion
further solidifies TGL's position as an industry leader, with an
innovative cashless and ticketing platform that is set to transform
the event experience for festival-goers.
TGL's innovative cashless and ticketing solution, powered by the
Company’s proprietary app, ZCITY, will allow festival-goers to
enjoy a seamless, cashless experience through the convenience of
streamlined and more secure ticketing services, all through a
single application. TGL will charge fees for each ticket sold,
providing a new revenue generation opportunity for the Company.
In addition, ZCITY will facilitate technology for scan and pay
when buying food or drinks, eliminating queues and enabling top-ups
using all major e-wallets in Malaysia. For international visitors,
credit or debit cards, as well as bank FPX, will be accepted. This
seamless payment process ensures that festival attendees can focus
on enjoying the music and festivities without any
inconveniences.
Taking place from September 15-16, 2023, in Miri, Sarawak,
Malaysia, the annual Borderland Music Festival showcases a fusion
of international and local artists, celebrating the diverse
cultural heritage of Borneo. The festival is endorsed by local
government bodies, including the Mayor of Miri and the Sarawak
Tourism Board, reinforcing the festival’s position as a premier
cultural event.
Sam Teo, Chief Executive Officer of TGL, commented, “TGL is
continually creating game-changing solutions that make our
customers’ lives easier, and the Malaysian event industry is ripe
for innovation to streamline processes with our technological
platforms. Our partnership with Borderland Music Festival
highlights the exciting opportunity for us to expand our offering
into the event industry. We are proud to receive endorsement from
the local government bodies to partner with this cultural event,
which is testament to ZCITY's capabilities and solutions.”
Tickets for Borderland Music Festival are available now on our
ZCITY APP, where you can download the app from APP Store or Google
Playstore. The festival offers various ticket packages to cater to
different preferences, including 2 Days pass, VIP and VIP SOFA. For
more information on ticketing options, the complete lineup, and
festival updates, please visit www.borderland-asia.com.
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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