SYDNEY and KUALA LUMPUR, Malaysia, Feb. 15, 2022 /PRNewswire/ -- Integrated Media
Technology Limited (NASDAQ: IMTE) ("IMTE" or the "Company"),
announces today its subsidiary, World Integrated Supply Ecosystem
Sdn. Bhd. ("WISE") has secured a minimum of 3 containers of durian
product for sale in April pursuant to a supply agreement with CSL
Durian Holding Sdn. Bhd. WISE is expected to take delivery and sell
these durians in April to the Asia
and China markets. Additional
supply of containers of durian will depend on WISE's sales orders.
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.
Dato' Megat Radzman, CEO of WISE, stated "We are excited to
secure the first supply of the highly sought durian products from
Malaysia. This is our first foray
in the sales of durian products, and we intend to use this as an
entry into new market to promote our Halal certification, and
product and services." Dato' Megat Radzman further added, "There
are strong demand for halal products worldwide. We are now
following up on enquiries from Asia and Europe interested in working with us on Halal
products. We hope to open the European markets through a strategic
link up with distributor(s) in Europe, as this will be one of the key markets
for us going forward."
Mr. Xiaodong Zhang, IMTE CEO,
stated "WISE's long-term strategy is to build a global supply chain
for Halal products on a secure digital marketplace for growers,
producers and traders. The supply contract for durians gives us
immediate market recognition and allow us to pursue our Halal
initiatives in these markets."
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
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"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