Treasure Global’s Abe Yus Malaysia (Kari Puff Abe Yus) Advances With Expansion via PERNAS Pre-Franchise Program Accreditation
August 21 2023 - 8:00AM
Abe Yus Malaysia, a distinguished F&B brand under the esteemed
Treasure Global Inc (NASDAQ: TGL) umbrella, proudly announces its
successful accreditation in the esteemed Perbadanan Nasional Berhad
(PERNAS) Pre-Franchise Program. This significant achievement paves
the way for aspiring Bumiputera entrepreneurs to access startup
financing, marking a milestone in culinary entrepreneurship and
empowerment.
Abe Yus Malaysia has garnered renown for its
delectable "Kari Puffs" from grab-and-go food carts, establishing
itself as a frontrunner in the Malaysian F&B landscape. With a
steadfast commitment to innovation, quality, and customer
satisfaction, the brand has continued to thrive, even amid
challenges.
The accreditation by PERNAS attests to the
remarkable quality and business potential of Abe Yus Malaysia's
F&B concepts. This recognition not only validates the brand's
excellence but also opens doors for Bumiputera entrepreneurs to
collaborate with a proven entity in the culinary world.
In line with this accreditation, potential
franchisees from the Bumiputera community can now leverage PERNAS
financing options, significantly reducing entry barriers and
fostering entrepreneurship within the F&B industry. This
strategic partnership between Abe Yus Malaysia and PERNAS
contributes to the growth of local talents and the overall economic
development of the community.
Mr. Sam Teo, Chief Executive Officer of Treasure
Global Inc, commented, "Abe Yus Malaysia's PERNAS Pre-Franchise
Program accreditation is an exceptional achievement that highlights
the brand's unwavering commitment to excellence. This milestone
enhances our shareholders' investments by expanding our brand's
reach and empowering Bumiputera entrepreneurs through accessible
startup financing."
About Abe Yus Malaysia
Abe Yus Malaysia is a rapidly expanding group of
Malaysian F&B businesses, celebrated for its iconic "Kari
Puffs" available through grab-and-go food carts. The brand's
diverse portfolio includes the popular Kari Puff Abe Yus Carts, Abe
Yus Warung street food kiosk, Abe Yus Cafe Restaurants, and the
convenience-focused Abe Yus Marts B2C online e-commerce delivery
service. With a steadfast commitment to quality and innovation, Abe
Yus Malaysia has established a strong presence in the local
culinary landscape and plans to further expand its footprint across
Southeast Asia.
For more information, please
visit https://www.facebook.com/abeyus.my/
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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