Treasure Global’s ZCITY App, Which Offers enogy Health & Wellness Products, Signs a Memorandum of Understanding with Malaysia’s Leading Healthcare Group, UCSI Hospital, to Pioneer Stem Cell Healthcare Tourism for Indonesia, Hong Kong and China
November 01 2023 - 8:00AM
Treasure Global Inc (NASDAQ: TGL) (“TGL,” “Treasure Global” or the
“Company”), an innovative technology solutions provider, today
announced it has signed a Memorandum of Understanding with UCSI
Hospital to formalize a partnership in promoting the Malaysia
Healthcare Tourism program.
ZCITY’s enogy, a provider of health and wellness products
available in the ZCITY app, will play a significant role in the
spearheading of health tourism and stem cell therapies in the
Indonesia, Hong Kong and China markets. This will be executed in
partnership with UCSI Hospital.
TGL anticipates a substantial new revenue stream from Healthcare
Tourism packages and commission earned on health screenings,
exclusive sales, and the upselling of enogy healthcare products and
added stem cell therapies offering that TGL will earn a commission
on. TGL expects a projected 100% overall gross profit growth every
month from this partnership.
Management believes that this partnership will support
additional revenue growth from new marketing and strategic
alliances within the wellness tourism industry.
“This collaboration signifies a pivotal juncture in our mission
to redefine wellness experiences through innovative offerings.
Integrated into Treasure Global’s Wellness Tourism program, stem
cell therapies will elevate the well-being of our ZCITY Members,”
said Sam Teo, Chief Executive Officer of Treasure Global.
“Our partnership with enogy marks a significant milestone in our
commitment to delivering cutting-edge healthcare solutions
globally. Through the fusion of stem cell therapies and Wellness
Tourism, we are set to embark on a transformative well-being
journey," said Andreson J. Yu, Group Chief Commercial Officer of
UCSI Healthcare Group.
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 digitize their businesses.
Treasure Global also acts as a master franchiser in South-East Asia
for popular restaurant chains while providing them with the TAZTE
solution. As of September 30, 2023, ZCITY had over 2,600,000
registered users.
For more information, please
visit https://treasureglobal.co/.
About UCSI Hospital, Bandar Springhill
UCSI Hospital, Bandar Springhill, is equipped with
state-of-the-art medical technology and staffed by experienced
specialists, offering world-class healthcare across a wide array of
medical specialties. The hospital's Health Screening Centre
provides comprehensive preventive health evaluations using a full
spectrum of screening tests.
For more information, please visit
https://www.ucsigroup.com.my/our-businesses/healthcare and
https://ucsihospital.com/ (the “UCSI Websites”). TGL is not
responsible for the content, views, or accuracy of information on
the UCSI Websites and does not endorse or affirm the content of the
UCSI Websites.
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 Annual Report on Form
10-K for the fiscal year ended June 30, 2023 filed with the
Securities and Exchange Commission (“SEC”) on September 28, 2023
and other filings made 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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