iClick Intends to Invest in Sydney-based MTHL to Further Strengthen and Expand the Geographical Footprint of its Enterprise S...
September 17 2019 - 9:00AM
iClick Interactive Asia Group Limited ("iClick" or the "Company")
(NASDAQ: ICLK), an independent online marketing and enterprise data
solutions provider in China, today announced that it has issued a
letter of intent (“LOI”) to Mobile Technology Holdings Limited
(“MTHL”), expressing its interest in making a strategic investment
in MTHL’s Class A shares or convertible bonds. The LOI has been
accepted and acknowledged by MTHL.
MTHL specializes in the application of digital
tokens in the physical world through its proprietary bCODE
technology, an alphanumeric code that can be delivered to any
mobile device using any phone distribution method, and implemented
across multiple service providers. MTHL’s capability in managing
multiple tokens enables single-tap payment and redemption, and
easily established links between payment and loyalty programs
during transactions. MTHL is based in Sydney, Australia with
offices in London, New York, Cape Town, Paris and Hong Kong.
As part of the proposed investment, iClick will
finance and assist with the development of MTHL’s digital token
technology and integrate bCODE’s token systems into its Enterprise
Solutions. iClick will also leverage MTHL’s global strengths in
digital payments, loyalty and coupon markets to form a new
marketplace ecosystem. This will combine the best of online and
in-store payment solutions, allowing brands and retailers to form a
closed loop creating personalized value for customers while
providing an integrated payment environment.
Mr Sammy Hsieh, Chief Executive Officer and
Co-Founder of iClick, commented, “We believe this strategic
investment in MTHL will help extend our Enterprise Solutions’
offerings into a number of new geographical regions while
continuing to transform our business into a fully integrated CRM
and Marketing Cloud Platform. With MTHL’s expertise in payments,
loyalty and coupon development powered by the valuable
transactional datasets that they have accumulated worldwide, iClick
will greatly strengthen its own competitive position and better
serve customers, in particular those in the retail and financial
services industries.”About Mobile Technology Holdings
Limited Mobile Technology Holdings Limited builds original
technologies in the mobile industry. Its self-developed scanners
and readable token systems allow clients to link multiple
transaction identifiers into a single simple code that can be
delivered to any mobile device. With thousands of locations
globally, MTHL delivers innovative customer experiences for some of
the biggest brands in the world.
About iClick Interactive Asia Group
Limited iClick Interactive Asia Group Limited
(NASDAQ:ICLK) is an independent online marketing and enterprise
data solutions provider that connects worldwide marketers with
audiences in China. Built on cutting-edge technologies, our
proprietary platform possesses omni-channel marketing capabilities
and fulfills various marketing objectives in a data-driven and
automated manner, helping both international and domestic marketers
reach their target audiences in China. Headquartered in Hong Kong,
iClick was established in 2009 and is currently operating in ten
locations worldwide including Asia and Europe.
Safe Harbor Statement This
announcement contains forward-looking statements. These statements
constitute “forward-looking” statements within the meaning of
Section 21E of the Securities Exchange Act of 1934, as amended, and
as defined in the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates," "confident" and
similar statements. Such statements are based upon management’s
current expectations and current market and operating conditions
and relate to events that involve known or unknown risks,
uncertainties and other factors, all of which are difficult to
predict and many of which are beyond the Company’s control.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: the
Company's fluctuations in growth; its success in implementing its
mobile and new retail strategies; including extending its solutions
beyond its core online marketing business; its success in
structuring a CRM & Marketing Cloud platform; relative
percentage of its gross billing recognized as revenue under the
gross and net models; its ability to retain existing clients or
attract new ones; its ability to retain content distribution
channels and negotiate favorable contractual terms; market
competition, including from independent online marketing technology
platforms as well as large and well-established internet companies;
market acceptance of online marketing technology solutions and
enterprise solutions; effectiveness of its algorithms and data
engines; its ability to collect and use data from various sources;
ability to integrate and realize synergies from acquisitions,
investments or strategic partnership; fluctuations in foreign
exchange rates; and general economic conditions in China and other
jurisdictions where the Company operates; and the regulatory
landscape in China and other jurisdictions where the Company
operates. Further information regarding these and other risks is
included in the Company's annual report on Form 20-F and other
filings with the SEC. All information provided in this press
release and in the attachments is as of the date of this press
release, and the Company undertakes no obligation to update any
forward-looking statement, except as required under applicable
law.
For investor inquiries:
In China:iClick Interactive Asia Group
LimitedLisa LiPhone: (86) 21-3230-3931 #892Email:
ir@i-click.com
In the United States:Core
IRJohn MarcoManaging DirectorPhone: (1) 516-222-2560Email:
johnm@coreir.com
For media inquiries:
iClick Interactive Asia Limited
Lisa LiPhone: (86) 21-3230-3931 #892Email: press@i-click.com
Paradigm Consulting Helen Lam /
Tim Nicholls Phone: (852) 2251 9082 / (852) 2251 9081Email:
helen.lam@paradigmconsulting.com.hk
/tim.nicholls@paradigmconsulting.com.hk
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