SYDNEY
and KUALA LUMPUR, Malaysia,
Jan. 28, 2022 /PRNewswire/ --
Integrated Media Technology Limited (NASDAQ: IMTE) ("IMTE" or the
"Company"), announces today its subsidiary, World Integrated Supply
Ecosystem Sdn. Bhd. ("WISE") has signed a supply agreement with CSL
Durian Holding Sdn. Bhd. ("CSL Durian") for WISE to be a preferred
distribution partner of CSL Durian for the durians fruit also known
as the King of Fruits for the upcoming 2022 season which starts
from March. This is the first product to be managed by WISE for
sale into the Asia and
China markets. WISE is a
Malaysia company engaged in the
business of the provision of Halal certification to qualified
businesses / operations, the establishment of Halal products supply
chain, and sale of Halal products.
CSL Durian grows durian fruit in Malaysia including the popular "Musang King
durian (D197 Variety)" one of the best durian in the world. Dato'
Megat Radzman, CEO of WISE, stated "We are excited to bring this
world-famous Malaysia product
through our Halal platform. This durian supply agreement will allow
us easier access and entry into new markets such as China, Southeast
Asia, USA and Canada markets, where we could also promote
our Halal certification, and product and services.
The durian market is worth US$17.6b in 2018 and continues to grow due to the
popularity in the China market.
Dato' Radzman further added, "WISE will focus on building a supply
chain for fruits and foodstuffs for sales and distribution into
Asia, China and Europe, to bring to our online Halal trading
platform once developed. Right now, our strategy is to promote and
gain market entry for our Halal products into these markets. We
expect to commence the Halal certification process in second half
of the year."
Mr. Xiaodong Zhang, IMTE CEO,
stated "This is the first step in building the Halal ecosystem. We
will be working on developing the online Halal trading platform to
bring these fruits and food products to our online marketplace for
traders and consumers."
About World Integrated Supply Ecosystem Sdn. Bhd.
("WISE")
WISE is a Malaysia company
engaged in the business of providing Halal certification to
qualified businesses / operations, the establishment of Halal
products supply chain, and sale of Halal products.
About Integrated Media Technology Limited ("IMTE")
IMTE is an Australian company engaged in the business of
manufacture and sale of nano coated plates for filters, the
manufacture and sale of electronic glass, the operating of an
online exchange platform for trading in digital assets and the
provision of financial research. For more information, please visit
www.imtechltd.com.
Safe Harbor Statement
This press release contains certain statements that may include
"forward-looking statements." All statements other than statements
of historical fact included herein are "forward-looking
statements." These forward-looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involve known and unknown risks
and uncertainties. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, they do involve assumptions, risks, and uncertainties,
and these expectations may prove to be incorrect. You should not
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including those discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission
and available on its website (http://www.sec.gov). All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
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SOURCE Integrated Media Technology Limited