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PR Newswire

Buildmedia merges with The Boundary to create global powerhouse

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LONDON, Jan. 19, 2023 /PRNewswire/ — Buildmedia, the Auckland-based creative studio widely considered to be the world leader in off-the-plan interactive real estate sales and marketing solutions, city-scale digital twins and interactive eCommerce VR experiences, has merged with London and New York based pioneering visualisation studio The Boundary.

175 Park Avenue - Render by The Boundary
175 Park Avenue – Render by The Boundary

Founded 20 years ago, Buildmedia are global leaders of interactive real-time solutions across multiple sectors using Epic Games Unreal Engine technology. They have produced numerous groundbreaking experiential solutions including their proprietary interactive display suite solution (Realspace https://buildmedia.com/realspace), and also developed particular expertise for high-fidelity virtual reality city and country-scale digital twins.

The Boundary’s reputation as an expert collective of creative technologists, designers, filmmakers and storytellers has been built working on marketing campaigns for prestigious developments such as the Waldorf Astoria (New York), 175 Park Avenue (New York) and The Whiteleys (London) via the creation of hyper-photorealistic CGI visualizations, animated films and virtual reality experiences.

This strategic merger brings together best-in-class photorealistic creative CGI and VR expertise from The Boundary (https://www.the-boundary.com) with the best-in-class technical capabilities and proprietary IP developed by Buildmedia (https://buildmedia.com/).

The combined business, which will move forward under The Boundary brand umbrella, is uniquely positioned to exceed the expectations of high-end real estate developers, destination marketers, and eCommerce focused brands looking to exploit emerging web3/metaverse opportunities via experiential interactive content and applications.

Epic Games have been long-standing admirers of the Buildmedia team, having contracted them as one of only two Unreal Authorized Service Partners in the Architectural, Engineering and Construction space. Epic often cites Buildmedia’s digital twin of Wellington City as setting the benchmark of what’s possible using their technology.

With financial backing from private equity firm Mobeus, and the injection of a raft of vastly experienced and impressive executive management team members from Buildmedia, the new look business will be investing in R&D across their VR/web3/metaverse services and applications.

The Boundary CEO Tom Wood says “This strategic merger marks the next phase for The Boundary following impressive growth across North America and the EMEA, as we now naturally expand across APAC. We are delighted to welcome the very talented Buildmedia team into the family”.

With over 100 in-house CGI artists and creative technologists operating at the very top end of the visualisation sector, The Boundary is now uniquely positioned to deliver photorealistic end-to-end client services across the emerging web3/metaverse in the Real Estate, Hospitality, eCommerce and digital twin sectors.

Crucially, the enlarged business also provides clients with the assurance of scale and financial stability which are prerequisites for large clients investing significant sums into multi-year metaverse and digital twin projects.

Buildmedia founder and CEO, Gareth Ross commented “We have created a market leading real-time solution over the past 20 years, and the idea of joining The Boundary to deliver our proposition globally was an opportunity we couldn’t resist”.

The transfer of employees and complementary knowledge and IP between New Zealand and The Boundary’s studios will strengthen the client proposition across both hemispheres, while providing all clients with the benefits of a company operating 24/7.

For press enquiries contact:

Chris Mitchell, cmitchell@the-boundary.com, + 44 (0)203 026 6270

Images for use in publication:

https://www.dropbox.com/sh/khko35i6etddsso/AABgVMK4NxpbjgPqRFcFrRt3a?dl=0

About The Boundary

The Boundary is a world leading creative agency which uses computer generated imagery (CGI) to create photorealistic marketing content for developers, destination marketers, and eCommerce brands.

www.the-boundary.com

About Buildmedia

Buildmedia is a creative visualization studio widely considered to be the world leader in city-scale digital twins and off-plan virtual reality interactive real estate sales and marketing solutions using EPIC Games Unreal Engine technology.

www.buildmedia.com

PR Newswire

MoEngage Recognized as a 2023 Great Place to Work® in the US

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SAN FRANCISCO, Jan. 12, 2023 /PRNewswire/ — MoEngage, the insights-led customer engagement platform, has received the Great Place to Work-Certified™ recognition in the United States (from December 2022 to December 2023).

This prestigious award is based on employees’ direct feedback and experiences of working at MoEngage. According to the Great Place To Work® survey data, 96% of MoEngage employees state that the company’s executives fully embody the best characteristics of the company, with 93% of employees rating management as approachable. Moreover, 84% of employees rated MoEngage as a great place to work.

Great Place to Work is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers business leaders with the feedback, real-time reporting, and insights they need to make strategic people decisions.

“Since its inception, MoEngage has been and always will be an innovative, people-first brand,” said Veena Satish, VP of People & Culture at MoEngage. “Our innovations toward employee wellness, building a high trust and high-performance culture, and the freedom to execute have earned us the recognition we deserve by Great Place to Work.”

“People-first” is a core concept in MoEngage’s brand identity, strengthened by initiatives such as regular wellness leave for employees to recover physically and mentally, and innovative people development opportunities. MoEngage’s Employee Assistance Program provides complimentary mental health sessions, diet and nutrition consultations, and counseling. In addition, MoEngage introduced a “Career Week” to foster career development opportunities for employees at all stages, including flash mentoring sessions from in-house and external experts in every field, and sharing central knowledge management spaces for employees to explore areas of interest.

“At MoEngage, every employee has the freedom to pursue their interests with the responsibility to align their expertise with the organization’s business growth. This culture has resulted in exceptional results, with a majority of employees going above and beyond expectations,” said Raviteja Dodda, CEO of MoEngage. “Apart from their contribution to organizational growth, MoEngage employees have also used this opportunity to build a strong personal brand in their network and earn recognition at a global level.”

To learn more about MoEngage’s careers, please visit www.moengage.com/careers.

About MoEngage

MoEngage is an insights-led customer engagement platform trusted by more than 1,200 global consumer brands such as Ally Financial, McAfee, Flipkart, Domino’s, Nestle, Deutsche Telekom, Travelodge, and more. MoEngage empowers marketers and product owners with insights into customer behavior and the ability to act on those insights to engage customers across the web, mobile, email, social, and messaging channels. Consumer brands across 35 countries use MoEngage to power digital experiences for over 1 billion customers every month. With offices in ten countries, MoEngage is backed by Goldman Sachs Asset Management, B Capital, Steadview Capital, Multiples Private Equity, Eight Roads, F-Prime Capital, Matrix Partners, Ventureast, and Helion Ventures.

To learn more, visit www.moengage.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/moengage-recognized-as-a-2023-great-place-to-work-in-the-us-301719283.html

PR Newswire

Topping the TV Industry in Indonesia, coocaa Theme Campaign Hot Nationwide

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JAKARTA, Indonesia, Dec. 25, 2022 /PRNewswire/ — In 2022, coocaa TV has become the top-selling TV brand in the Indonesian market, successfully leading the TV industry in Indonesia. coocaa is a leader in terms of high-end quality. Since its launch in Indonesia, coocaa TVs have found their way into many Indonesian households, with more than 1.8 million Indonesian users having chosen to buy a coocaa TV. coocaa has consistently been No.1 in online sales among major e-commerce platforms, outperforming similar brands in the market. During the recent 12.12 promotion, coocaa has continued to lead sales on all platforms and channels, maintaining its foothold as number one, closing the door on other competitor brands. coocaa has delivered the extremely excellent products and sincere services possible to Indonesian consumers with its exquisitely designed TVs possessing high-end technology.

Topping the TV Industry in Indonesia, coocaa Theme Campaign Hot Nationwide
Topping the TV Industry in Indonesia, coocaa Theme Campaign Hot Nationwide

In celebration of the fact that coocaa is still the leader in sales across all platforms and channels, coocaa has launched a series of online and offline thematic marketing activities to provide consumers the opportunity to learn more about the brand. As regards online marketing, coocaa created a magical choreographed dance and song, which went viral on major Internet social media platforms and attracted numerous celebrities and fans who have gone on to make their own quality imitations of it; offline, coocaa was featured on Ukrida LED Billboard, and was also displayed on the expansive LED screens of selected trucks, which traveled around the center of Jakarta, making stops at various landmarks and shopping areas. The interest-drawing promotional content, coupled with the online and offline linkage communication, left coocaa fans with a deeper impression and understanding of the brand, highlighting the characteristics of the brand as young, hip and cool with its own unique style.

For those who missed out on the 12.12 promotion, there is no need to worry as coocaa will continue with its launch of the Pay Day promotion on all platforms from December 25th to 30th. There will be free orders, exclusive vouchers, and cashback for Indonesian fans and users. So please keep on the lookout for those and other future activities, and we look forward to people’s active participation.

coocaa related platforms:

1. TikTok: https://www.tiktok.com/@coocaaindonesiaofficial

2. Shopee: http://bit.ly/3hvZPOP

PR Newswire

The 29th China International Advertising Festival opened in Xiamen boosts the iteration and upgrading of the advertising industry in the Web3.0 era

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XIAMEN, China, Dec. 21, 2022 /PRNewswire/ — The 29th China International Advertising Festival (29th CIAF), which is sponsored by China Advertising Association (CAA) and supported by Xiamen People’s Government, launched in Xiamen on December 21, 2022.

The opening of the 29th CIAF also attracts close attention of the advertising and media industry worldwide. To express the support of the international advertising industry for China’s advertising and media industry and his warm congratulations to this Festival, Mr. Sasan Saeidi, Chairman and Global President of the International Advertising Association (IAA),  recorded a video to wish the 29th CIAF a complete success and shown his expectation of presenting at the 30th CIAF next year. He said the close relationship between CAA and IAA is crucial and significant, and he is looking forward to expand the fields of cooperation and update the content of cooperation in order to create a greater interaction.

With the opening of the 29th CIAF, CAA Chairman Zhang Guohua announced two influential and favorable projects about the advertising industry, i.e., the advertising alliance chain and the Metaverse Circle, a “national green consumption brand metaverse” platform.

Ten summit forums, five launch events and five professional exhibitions will be held during the Festival. Also, there will be free exhibitions for all the visitors. Welcome all the advertisers to enjoy the exclusive carnival and witness the prosperity of the Chinese advertising industry.

Cision View original content:https://www.prnewswire.com/news-releases/the-29th-china-international-advertising-festival-opened-in-xiamen-boosts-the-iteration-and-upgrading-of-the-advertising-industry-in-the-web3-0-era-301708308.html

PR Newswire

VENUSTAS Announces Heated Apparel Seasonal Plans For Black Friday Holiday Sale

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LITTLETON, Mass., Nov. 26, 2022 /PRNewswire/ — VENUSTAS, a global-leading heated apparel brand, is excited to release sale plans for Black Friday Holiday this week. With a mission to develop any accessible products, VENUSTAS Black-Friday Plan is expected to not only inject cheers into this holiday but also give more warmth for this winter with affordable shopping.

“Now, we are in the season of sale. Black Friday Holiday provides a great opportunity for us to connect with our new customers and long-term customers. To let everyone enjoy the festive mood, we take the advantage of this special holiday to launch the exciting plans,” Said Michael Lee, CEO of VENUSTAS.

On VENUSTAS official website, this season plan runs from November 24th to November 30th  with the following surprise: 30% off on selected clothing, flash sale on best sellers, and up to 35% on unisex collection.

VENUSTAS Amazon holiday season has started on Nov. 25th with prime exclusive discounts. It came with up to 20% off on selected styles, like Men’s V-neck 7.4V Heated Vest. It seemed like a warm-up offer to kick off Black Friday.

To keep up with the holiday boom, Amazon Deal of the Day is specially scheduled by VENUSTAS on Nov.27th, aimed at every customer. Everyone can simply enjoy generous discounts on VENUSTAS heated apparel, including heated jackets, heated vests, heated hoodies, and heated gloves. In VENUSTAS announcement, its classic style Women’s 7.4V Heated Vest enjoys 40% off and the best seller Men’s 7.4V heated jacket with surprise prize at $104.99.

Also, VENUSTAS makes some surprises on the new offerings. It gives customers new chances to embrace a fresh winter with up to 30% off.

“Our season is not long, but we hope everyone can get benefit from this announcement. That’s always what we have done, no matter in the past or future,”VENUSTAS CEO Michael said. “Black Friday Holiday belongs to us. Driven by this simple idea, we make this deal for our past, present, and new customers. As a warm brand, we would bring you a warm holiday”.

About VENUSTAS Heated Apparel:

VENUSTAS, as a young and lively heated apparel brand, has successfully occupied the market with unremitting efforts. As VENUSTAS believes in “Live without limits”, what it wants to do is to develop products without limits and cover warmth to everyone. With over 10,000 happy customers, VENUSTAS is constantly upgrading old styles and developing new offerings.

For more information, visit https://venustasofficial.com/. Follow VENUSTAS on Facebook, Instagram, Tiktok, and YouTube.

Cision View original content:https://www.prnewswire.com/news-releases/venustas-announces-heated-apparel-seasonal-plans-for-black-friday-holiday-sale-301687426.html

PR Newswire

ENTREPRENEUR UNIVERSE BRIGHT GROUP Announces 2022 Q3 Financial Results

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XI’AN, China, Nov. 15, 2022 /PRNewswire/ — ENTREPRENEUR UNIVERSE BRIGHT GROUP (“EUBG” or the “Company”) (OTCBB: EUBG), a digital marketing consulting company, today announced its unaudited financial results for the third quarter ended September 30, 2022.

Mr. Guolin Tao, CEO of Entrepreneur Universe Bright Group commented, “During the third quarter, our business and operations continued to be materially and negatively impacted by the COVID-19 situation in China. The decrease of our business was mainly due to the drop of our consultancy services income, generated from clients who engaged in online courses business. These end customers became more patient and cautious in choosing online courses. We are continuing to seek out different business opportunities to stabilize our income streams.”

“As of September 30, 2022, the COVID-19 pandemic situation in China continues to be dynamic, and near-term challenges across the economy remain. Substantially all of our revenues and operations are concentrated in China and demand for our consulting services by small and medium-sized enterprises were adversely affected due to widespread economic disruptions during the COVID-19 outbreak. Specifically, as a result of government mandated closures of non-essential business in China, many of our customers’ business were suspended while others permanently closed their businesses,” Mr. Tao added.

Third Quarter 2022 Unaudited Financial Results

Three months ended
September 30,

2022

2021

Revenue

$

801,784

$

1,622,471

Cost of revenue

(140,009)

(870,967)

Gross profit

661,775

751,504

Selling expenses

(10,043)

(54,921)

General and administrative expenses

(423,931)

(326,090)

Total other (expenses) income, net

(124,016)

38,847

Income before income tax

103,785

409,340

Income tax expense

(135,784)

(201,789)

Net (loss) income

$

(31,999)

$

207,551
  • Revenue decreased by 50.6% to $801,784 due to the decrease our consultancy services and sourcing and marketing services income
  • Gross profit decreased by 11.9% to $661,775
  • Net income decreased by $239,550 to a net loss of $31,999

Revenue and cost of revenue: During the three months ended September 30, 2022, we generated revenue of $801,784 compared to $1,622,471 for the three months ended September 30, 2021, representing a decrease of $820,687 or 50.6% as compared with the prior period.

Cost of revenue was $140,009 for the three months ended September 30, 2022 compared to $870,967 for the three months ended September 30, 2021. The decrease of cost of revenue for the three months ended September 30, 2022 was mainly due to our senior management no longer directly involved in performing the services but focused on management work. Therefore, less direct senior management costs were incurred in the consultancy services and souring and marketing service.

Gross profit: We generated a gross profit of $661,775 and $751,504 for the three months ended September 30, 2022 and 2021, respectively.

Net (loss) income: As a result of the above, we resulted a net loss of $31,999 and generated a net income of $207,551 for the three months ended September 30, 2022 and 2021, respectively.

Cash and cash equivalents. As of September 30, 2022 and December 31, 2021, $6,330,431 and $7,649,129 of the Company’s cash and cash equivalents, respectively were held at financial institutions and online payment platforms located in the PRC and Hong Kong that management believes to be of high credit quality.

Nine months ended September 30, 2022 Financial Results

Nine months ended
September 30,

2022

2021

Revenue

$

2,851,656

$

4,479,415

Cost of revenue

(565,820)

(1,289,739)

Gross profit

2,285,836

3,189,676

Selling expenses

(34,957)

(224,935)

General and administrative expenses

(1,066,604)

(905,391)

Total other income, net

35,905

108,941

Income before income tax

1,220,180

2,168,291

Income tax expense

(595,156)

(872,063)

Net income

$

625,024

$

1,296,228
  • Revenue decreased by 36.3% to $2,851,656 due to the decrease in our consultancy services income
  • Gross profit decreased by 28.3% to $2,285,836
  • Net income decreased by $671,204 to $625,024

Revenue and cost of revenue: During the nine months ended September 30, 2022, we generated revenue of $2,851,656 compared to $4,479,415 for the nine months ended September 30, 2021, representing a decrease of $1,627,759 or 36.3% as compared with the prior period. The decrease was mainly due to our consultancy services income, generated from clients who engaged in online courses business, dropped by $2,405,874 as compared with last period.

During the nine months ended September 30, 2022, we generated $267,874 from our new digital training related services and $911,733 from our consultancy services to a customer who engaged in live streaming business. However, these new income streams only compensated a part of the revenue reduction in current period. The digital training related services with Jade Bird remain suspended as of today. Therefore, we expected the new revenue will not be available to compensate the revenue reduction until further notice.

Cost of revenue was $565,820 for the nine months ended September 30, 2022 compared to $1,289,739 for the nine months ended September 30, 2021. For the nine months ended September 30, 2022, the cost of revenue mainly represented the staff costs for our consulting services and the agency fees for our digital training related services.

Gross profit: We generated a gross profit of $2,285,836 and $3,189,676 for the nine months ended September 30, 2022 and 2021, respectively. 

Net income: As a result of the above, we generated a net income of $625,024 and $1,296,228 for the nine months ended September 30, 2022 and 2021, respectively.

About ENTREPRENEUR UNIVERSE BRIGHT GROUP

ENTREPRENEUR UNIVERSE BRIGHT GROUP is a digital marketing consultation company with its main operation in China, providing marketing consulting services to Chinese start-up companies. The company provides consulting services, sourcing and marketing services in China through its PRC subsidiary with support from its HK subsidiary. Its PRC subsidiary provides services aimed at connecting businesses with e-commerce platforms.  The integrated service platform focuses on strategic marketing and consulting. The company’s mission is to help start-up companies and small-size companies and guide these companies’ founders in utilizing the company’s digital marketing consulting plan to reach their business goals. For more information about the Company, please visit: http://www.eubggroup.com/ . 

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements.  Specifically, the Company’s statements regarding trading on the OTCBB market and closing the initial public offering are forward-looking statements.  Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:  the Company’s goals and strategies; the Company’s future business development; financial condition and results of operations; product and service demand and acceptance; reputation and brand; the impact of competition and pricing; changes in technology; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC.  For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

The Company:

Jianyong Li
Email: lijianyong@eubggroup.com
Phone: +86-(029) 86100263

Investor Relations:

Hana Yin
EverGreen Consulting Inc.
Email: IR@changqingconsulting.com
Phone: +1-949-416-8888 (from U.S.)
+86 185-0119-2929 (from China)

ENTREPRENEUR UNIVERSE BRIGHT GROUP

CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

(In U.S. dollars except for number of shares)

September 30,
2022

December 31,
2021

ASSETS

CURRENT ASSETS

Cash and cash equivalents

$

6,330,431

$

7,649,129

Accounts receivable

287,436

67,940

Loan and interest receivables

983,699

–

Other receivables and prepayments

41,068

55,925

Total current assets

7,642,634

7,772,994

NON-CURRENT ASSETS

Plant and equipment, net

202,431

281,448

Operating lease right-of-use assets, net

93,387

146,698

Total non-current assets

295,818

428,146

TOTAL ASSETS

$

7,938,452

$

8,201,140

LIABILITIES AND STOCKHOLDERS’ EQUITY

CURRENT LIABILITIES

Accounts payable

$

–

$

115,833

Other payables and accrued liabilities

225,119

402,158

Contract liabilities

–

216,142

Receipt in advance

–

5,161

Operating lease liabilities, current

51,119

59,370

Tax payables

133,931

39,545

Amount due to a director

167,935

171,443

Total current liabilities

578,104

1,009,652

NON-CURRENT LIABILITY

Deferred tax liabilities

297,200

342,546

Operating lease liabilities, non-current

42,269

87,328

Total non-current liabilities

339,469

429,874

TOTAL LIABILITIES

917,573

1,439,526

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS’ EQUITY

Preferred stock, par value $0.0001 per share, 1,100,000 shares authorized, Nil (December 31, 2021: Nil)
shares issued and outstanding as of September 30, 2022 

–

–

Common stock, par value $0.0001 per share; 1,800,000,000 shares authorized, 1,701,181,423
(December 31, 2021: 1,701,181,423) shares issued and outstanding as of September 30, 2022

170,118

170,118

Additional paid-in capital

6,453,048

6,453,048

Statutory reserves

65,911

65,911

Retained earnings (accumulated deficit)

267,621

(357,403)

Accumulated other comprehensive income

64,181

429,940

Total stockholders’ equity

7,020,879

6,761,614

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

$

7,938,452

$

8,201,140

ENTREPRENEUR UNIVERSE BRIGHT GROUP

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(UNAUDITED)

(In U.S. dollars except for number of shares)

For the three months ended
September 30,

For the nine months ended
September 30,

2022

2021

2022

2021

Revenue

801,784

1,622,471

$

2,851,656

$

4,479,415

Cost of revenue

(140,009

)

(870,967

)

(565,820

)

(1,289,739

)

Gross profit

661,775

751,504

2,285,836

3,189,676

Selling expenses

(10,043

)

(54,921

)

(34,957

)

(224,935

)

General and administrative expenses

(423,931

)

(326,090

)

(1,066,604

)

(905,391

)

Profit from operations

227,801

370,493

1,184,275

2,059,350

Other income (expenses):

Interest income

10,522

15,934

33,489

66,213

Exchange gain (loss)

(135,842

)

8,957

(107,920

)

(3,088

)

Sundry income

1,304

13,956

110,336

45,816

Total other income (expenses), net

(124,016

)

38,847

35,905

108,941

Income before income tax

103,785

409,340

1,220,180

2,168,291

Income tax expense

(135,784

)

(201,789

)

(595,156

)

(872,063

)

Net (loss) income

$

(31,999

)

207,551

$

625,024

$

1,296,228

Other comprehensive (loss) income

–

Foreign currency translation adjustment

(128,843

)

(2,946

)

(365,759

)

63,036

Total comprehensive (loss) income

$

(160,842

)

204,605

$

259,265

$

1,359,264

Net (loss) income per share – Basic and diluted

$

0.00

*

0.00

*

$

0.00

*

$

0.00

*

Weighted average number of common shares outstanding

– Basic and Diluted

1,701,181,423

1,701,181,423

1,701,181,423

1,701,181,423

*

Less than $0.01 per share

ENTREPRENEUR UNIVERSE BRIGHT GROUP

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(UNAUDITED)

(In U.S. dollars)

Nine months ended
September 30,

2022

2021

Cash flows from operating activities

Net income

$

625,024

$

1,296,228

Adjustments to reconcile net income to cash used in operating activities:

Depreciation

62,516

62,222

Amortization of operating lease right-of-use assets

40,575

39,248

Deferred tax

(33,117)

(319,660)

Changes in operating assets and liabilities:

Other receivables and prepayments

11,128

(179,961)

Accounts receivable

(244,432)

95,800

Accounts payable

(111,527)

431,690

Other payables and accrued liabilities

(159,123)

(284,226)

Tax payables

106,699

(445,713)

Contract liabilities

(208,106)

4,158

Receipt in advance

(4,969)

(34,318)

Operating lease liabilities

(40,574)

(43,614)

Net cash generated from operating activities

44,094

621,854

Cash flows from investing activities

Purchase of property, plant and equipment

(9,746)

–

Acquisition of debt products

–

(2,781,482)

Redemption of debt products

–

5,872,017

Loan receivables to unrelated third parties

(1,060,394)

(499,554)

Loan to a related company

–

(123,621)

Repayment from a related company

–

312,401

Repayment from a unrelated third party

–

499,554

Net cash (used in) generated from investing activities

(1,070,140)

3,279,315

Cash flows from financing activities

Repayment of borrowings from a director

(3,490)

(128,751)

Advance from a director

–

67,882

Net cash used in financing activities

(3,490)

(60,869)

Effect of exchange rates on cash

(289,162)

37,171

Net (decrease) increase in cash and cash equivalents

(1,318,698)

3,877,471

Cash and cash equivalents at beginning of period

7,649,129

3,846,470

Cash and cash equivalents at end of period

$

6,330,431

$

7,723,941

Supplemental cash flow information

Cash paid during the period for:

Income taxes

$

369,878

$

1,115,659

Withholding tax paid

$

151,485

$

517,145

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ADA Appoints Anthony Chan as Head of Growth

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Anthony will spearhead ADA’s sales transformation to deliver on the organisation’s ambitious Marketing Technology growth plans.

SINGAPORE , Nov. 8, 2022 /PRNewswire/ — ADA appoints Anthony Chan as Head of Growth to lead and build its Marketing Technology Sales team across the APAC region, as part of the organisation’s aim to be the leader in the Marketing Technology enablement space.

ADA Appoints Anthony Chan as Head of Growth
ADA Appoints Anthony Chan as Head of Growth

Anthony’s appointment solidifies the suite of Digital Marketing solutions that ADA wants brands to benefit from, especially in such critical times where many marketers are navigating the transition from AdTech to MarTech. He and his team will see to ADA’s sales transformation and help deliver on the organisation’s ambitious growth plans to strengthen its footprint as the largest independent analytics, data, and artificial intelligence (AI) business in the region.

Anurag Gupta, Chief Operating Officer of ADA said, “ADA is thrilled to have Anthony onboard as Head of Growth. Anthony’s blend of vast experience in B2B Sales, Partnership Management and Management Consulting is a great addition to our solutions leadership team. With his appointment, I am confident on the focus that ADA has in place to strengthen and tap on the opportunities that lie in the 10 markets we’re established in, helping brands maximise their Marketing Technology ROI.”

Armed with over 25 years Marketing Technology Sales & Partnership Management experience with Microsoft, Sitecore and Braze, Anthony was most recently Vice President, Enterprise Sales Leader of Merkle APAC Region. Throughout his globetrotting career, Anthony has overseen exponential growths across multiple businesses, leading his Sales teams to millions in contract value closure.

“Marketing Technology is one of ADA’s fastest-growing solution pillars as we see rapidly increasing integration in our clients’ digital marketing landscape. ADA’s growth plans are ahead of the curve, and I look forward to leveraging my experience to uncover more growth opportunities for ADA,” said Anthony Chan of his new appointment.

About ADA

ADA is a data and artificial intelligence company that designs and executes integrated digital, analytics, and marketing solutions.

Operating across 10 markets in South and Southeast Asia, ADA partners with leading brands to drive their digital and data maturity, and achieve their business goals. We are anchored on the following main services:

  • Providing business insights, data enrichment, and advanced analytics
  • Understanding the consumer mindset and designing data-driven creative marketing strategies
  • Executing end-to-end digital marketing solutions for growth hacking, funnel optimisation, and goal optimisation

ADA complements its unique digital expertise with deep proprietary data of 375 million consumers.

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New in Peach: Send ads to Netflix

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Peach participates in launch of Netflix’s Basic with Ads

LONDON, Nov. 5, 2022 /PRNewswire/ — Peach, the global market leader in video advertising workflow and delivery has announced support of Netflix’s new ad-supported service Basic with Ads.

To coincide with the launch of the service, Peach has launched new destinations enabling clients to deliver ads to Netflix across multiple territories including UK, Australia, Germany, France, Italy, Spain, Mexico, Brazil with more to follow. Peach provides a connected advertising workflow, enabling clients to get their ads delivered to Netflix straight from the edit suite, while ensuring the highest possible quality, formatting and accuracy.

Doug Conely, Chief Product and Technology Officer at Peach, said: “This is a pivotal moment for TV advertising. As leaders in global creative ad delivery for over 25 years, we’ve seen ad spend in Connected TV grow rapidly in the UK* and the rest of the world, and we expect to see further acceleration of growth driven by ad-supported tiers such as Netflix.

“Netflix’s Basic with Ads will bring our clients new audiences in a premium environment, creating opportunities for more addressable and premium content. We are extremely proud to play a role in this, and want to thank the Microsoft Advertising and Xandr teams for their continued collaboration and commitment to making this launch a success.”

Peach will continue to work with Microsoft Advertising and Xandr to further enhance workflows for clients, connecting ad content directly from the global community of producers and agencies into premium streaming channels, resulting in a seamless and high quality ad experience.

About Peach 

Global video ad management platform Peach, manages the world’s advertising content and makes it easy for brands, agencies and media owners to collaborate with each other on a global scale. Since 1996, Peach has been shaking up the way advertising is distributed and powering the world’s most ambitious creative. Broadcasters around the world rely on Peach every day. Operating across over 100 countries worldwide, the Peach technology has revolutionised ad industry workflows, replacing laborious manual tasks with automated processes, and offering efficiency, visibility and security. Its technology simplifies complicated ad delivery processes and ensures all ads arrive at their destinations in perfect condition.

https://www.peach.me/blog/netflix-xandr-press-release/

*© Spark Ninety 2022

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PressPlay Completed Series B Funding to Accelerate its Business Expansion

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Expanding with three primary strategies and planning to apply for the emerging stock market in 2023

TAIPEI, Oct. 14, 2022 /PRNewswire/ — PressPlay, the first Influence Economy Group in Taiwan, announced that it had completed Series B Funding with several hundred million. PressPlay plans to use the investment to expand the overseas business, enlarge the organization, optimize the online learning platform experience, and accelerate its influence ecosystem’s growth with three cores: entertainment, brand, and knowledge. PressPlay also plans to apply for the emerging stock market in Taiwan in 2023 to extend its global influence through the power of the capital market.

PressPlay Completed Series B Funding to Accelerate its Business Expansion
PressPlay Completed Series B Funding to Accelerate its Business Expansion

PressPlay expects to grow 50% in 2022 with the three cores
PressPlay was established in 2016 and introduced services closely connected to everyone’s daily life. PressPlay has created its influence ecosystem in three core areas: entertainment, brand, and knowledge.

Entertainment influence: PressPlay now has exclusive contracts with 36 creators in Taiwan and Hong Kong, of which 9 have over 1 million subscribers on YouTube.

Brand influence: Collaborated with several creators since 2019 to incubate lifestyle product brand IPs and launched brands across the beverage, bakery, Korean cuisine, and Taiwanese cuisine markets to build its consumption brand territory continuously.

Knowledge influence: PressPlay Academy (PPA) has built the most advanced online learning platform in Taiwan with influence power and technology and provides diverse learning methods and content.

PressPlay Group achieved $1400 million in gross revenue in 2021 and created a 93% annual growth rate with its business expansion.

“PressPlay starts with agency management, creator brand management, and online learning platform and continues to create different business models to support the monetization of creator influence. IPO is our next step and goal. In the future, we will not only expand our business territory but expect to share more business opportunities with the creators, launch more brands, and create a healthy equation for growing to expand the influence ecosystem. For 2022, I’m confident that we will grow over 50% as a group,” Co-founder Rob Kuo said.

PressPlay announces three major strategies and accelerates overseas expansion. PressPlay officially announced IPO as its next step. PressPlay will keep strengthening the existing strategies and focus on three primary strategies:

  1. Overseas Expansion: Since the launch of the creator agency business in Hong Kong in 2019, PressPlay has created an average of 33% annual growth rate. PressPlay will further introduce its monetization business model for creators to overseas markets and aggressively increase overseas collaboration opportunities.
  2. Cross-business profit maximization: The entertainment sector covers creator agency management, content marketing, social commerce, and co-branding. PressPaly also launched Next Master business to focus on creating online courses for creators and will enhance the collaboration with knowledge content business (PressPlay Academy) to maximize cross-business profits.
  3. Online learning platform “double-perfection”: PressPlay Academy brings “double-perfection” to the platform. It has enhanced video shooting quality and created a “perfect” learning experience with AI technology, covering the learning mechanism, interactive experience, learning tools, creator content evaluation, etc., to maximize the value of technology.

PressPlay co-founder Dennis Lin said: “PressPlay Academy will become a platform combining technology, learning, and content creation this year. We strive to optimize the learning experience and challenge to provide the best video quality among the online learning platforms in Taiwan. We will continue to expand overseas collaboration opportunities, including cross-border business development and sales, not being restricted by topics, boundaries, and standards, and create a dynamic online learning academy globally to be the leading brand in the market.”

About PressPlay
PressPlay is the first 360-degree Creator ecosystem group in Taiwan. PressPlay has been expanding its business territory since 2016 with the missions “Maximize the Value of Influence” and “Utilize Influence to Innovate New Business Opportunities,” striving to create the value of influence for each field with a 360-degree approach closely connected to everyone’s daily life.

Media Enquiries: 

Yaki Cheng 
pr@pressplay.cc

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Global AdTech Company TripleLift Names Dave Clark as New Chief Executive Officer

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Digital media executive joins company as it accelerates media + data strategy and international expansion

NEW YORK, Oct. 4, 2022 /PRNewswire/ — TripleLift, the advertising technology company reinventing ad placement, today announced that Dave Clark has joined as its Chief Executive Officer. Clark most recently served as General Manager at FreeWheel, a Comcast Company. He replaces Eric Berry, the company’s co-founder and CEO, who is stepping away from his role overseeing TripleLift’s day-to-day operations. Berry will continue with the company as a member of its Board of Directors. The change comes after years of consistent growth and numerous milestone achievements for TripleLift, including the sale of the company to Vista Equity Partners and recent acquisition of 1plusX, a global first-party data activation platform.

Dave Clark is a seasoned digital media executive with over two decades of experience spanning ad tech, streaming, software and publishing. Prior to FreeWheel, he held numerous leadership roles at both high-growth and established companies including The Weather Channel, Viacom, and Fuse TV. Known for his considerable operational and sales expertise, Clark has a track-record of capitalizing on a company’s strength and seizing new growth opportunities to maximize future potential.

“For years, I have been inspired by TripleLift’s rise to become a top global supply side platform through its impactful formats, market-leading data solutions and by delivering unmatched customer service,” said Clark, TripleLift’s new CEO. “I am eager to maintain the path that has made this company so successful and to continue its vision of bringing media and data together – from native to CTV.”

“Dave’s deep, hands-on experience across digital media, and his ability to accelerate growth for both mature and emerging companies, makes him uniquely positioned to lead TripleLift forward,” said Berry, TripleLift’s co-founder. “Since founding this company over a decade ago, I’ve had the privilege to work alongside such a talented team who has helped realize our growth potential. Going forward, I’m incredibly confident that Dave is the right person to lead TripleLift in its next chapter.”

Clark’s appointment comes in a year of rapid change for TripleLift. In March, the company completed its acquisition of 1plusX, a global first-party data activation platform, to accelerate its media + data strategy and enhance its portfolio of first-party data solutions for publishers and advertisers. In August, it announced an expansion of its business into the DACH region, bringing new markets to an already long list of regions outside the U.S. from EMEA to APAC. In September, it announced Vevo as another major streaming partner to integrate the company’s ground-breaking CTV In-Show technology, which inserts brands and products into television programming through post-production product placement.

Additionally, Ari Lewine, Co-Founder and Chief Strategy Officer, and Jacqueline Quantrell, Chief Revenue Officer, will be leaving their roles at the company.

“Eric, Ari and Jax have each individually played integral roles in building TripleLift into the immensely successful company it is today. We are grateful for Eric and Ari’s determination to achieve their founding vision and for Jax’s commitment to growing the business during her successful five year tenure as Chief Revenue Officer,” said Martin Taylor, Managing Direct at Vista Equity Partners, President of OneVista, and TripleLift Board Member. “In Dave, we have found a CEO whose experience closely matches the ambitions of the company and who can step in on Day 1 to ensure TripleLift’s customers continue to get the service they expect and results they require.”

About TripleLift

TripleLift is the advertising technology company reinventing ad placement at the intersection of creative, media and data. Our marketplace serves the world’s leading brands, publishers, streaming companies and demand-side platforms, executing over 1 trillion ad transactions every month. Customers choose us because of our addressable offerings from native to online video to connected television, innovations that insert brands into content in real-time, and supportive experts dedicated to maximizing partner performance. And with its acquisition of 1plusX, customers can unlock the full value of their marketing data in a privacy-safe way with its first-party data management platform. Part of the Vista Equity Partners portfolio, TripleLift has appeared on both the Inc. 5000 and Deloitte Technology Fast 500 for five consecutive years, has been named to Business Insider’s list of Hottest Ad Tech Companies for three straight years and was awarded Most Innovative TV Advertising Technology by AdExchanger in 2021. Find out how TripleLift is shaping the future of advertising at triplelift.com.