DENVER and PALM BEACH GARDENS, Fla., Oct. 09, 2024 (GLOBE NEWSWIRE) -- TGL presented by SoFi, the new, prime time team golf league backed by Tiger Woods and Rory McIlroy's TMRW Sports, announced ONEflight as its Official Private Aviation Partner. ONEflight will provide luxury private jet travel for TGL's players, ensuring a seamless travel schedule to support their tournament schedules. Today's announcement was made by Ferren Rajput, CEO and Founder, ONEflight International and Jason Langwell, Chief Revenue ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended June 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-41476 Treasure Global Inc (Exact name of registrant as specified in its charter) | --- | --- | |---------------------------- ...

Core Insights - Treasure Global Inc is launching the ZCITY Super App, which aims to revolutionize the e-payment experience through advanced AI-powered features and secure messaging solutions [1][10] - The initiative targets the Southeast Asian market, focusing on unbanked populations to enhance financial inclusion and secure communication [2][6] Company Overview - Treasure Global Inc is a leading technology solutions provider in Malaysia, known for developing innovative platforms like the ZCITY App and TAZTE, which streamline e-payment experiences and digital management for merchants [12] - As of May 5, 2024, the ZCITY App has over 2.69 million registered users, indicating a strong user base for the upcoming features [12] Strategic Collaboration - The rollout of the VCIG Secure Cogia Messenger, which integrates secure messaging with a cryptocurrency wallet, is a collaborative effort between Treasure Global, VCI Global, and Cogia AG [10][11] - The phased rollout strategy will begin with a limited group of ZCITY users, allowing for real-time feedback and continuous improvements [7] User Engagement and Growth Targets - The initiative aims to quickly achieve 1 million active users from the initial 3 million ZCITY users, addressing the needs of unbanked populations [6][10] - The integrated cryptocurrency wallet will enable users to send, receive, and store digital assets, enhancing both communication and financial functionalities [11]

WKW strategically partners with GolfNow LLC ("GolfNow"), a leading golf technology company and a subsidiary of NBC, a leading global media corporation and telecommunications company in the US. GolfNow has launched a dedicated stat tracking, social, and competitive golf app branded as "GolfNow Compete". WKW will provide a white-label site service embedded within the GolfNow Compete App, along with the development of additional functionality. The services will include GolfNow Sponsored Leagues, which WKW may ...

NEW YORK and KUALA LUMPUR, Malaysia, June 25, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading technology solutions provider, is pleased to announce the appointments of Mr. Henry Chai, as Chief Operating Officer (COO), and Ms. Sook Lee Chin, as Chief Financial Officer (CFO), marking a strategic move by the Company to usher in a new phase of growth and innovation. "With a focus on revitalizing the company's vision and strategy, this leadership team is ...

Leveraging its partnership with Cogia, the Company aims to integrate secured messaging and a digital asset wallet into its e-commerce platform, the ZCITY Super App. These features enhance user engagement and deliver a seamless, secure, and highly efficient user experience. Cogia is a Germany-based software company that offers AI-based, fully privacy-compliant solutions in the areas of secure communications, cybersecurity, Big Data Analytics, and web monitoring. This synergy is crucial as the global e-commer ...

Mr. Thow's business acumen extends beyond legal matters. He has a proven ability to identify opportunities for operational efficiency, streamline processes, and implement strategic initiatives to drive business performance. His expertise in mergers and acquisitions, capital markets, and corporate finance has been instrumental in shaping successful business strategies for various organizations. Now, as he takes on the role of Chief Executive Officer at Treasure Global, Mr. Thow's extensive business backgroun ...

Core Viewpoint - Treasure Global Inc is entering a strategic collaboration with a leading telecommunications company to launch an AI-powered crypto mining service integrated with its subsidiary ZCITY's Mobile Virtual Network Operator (MVNO) offerings, creating a new revenue stream for the company [1][2]. Company Overview - Treasure Global is a Malaysian technology solutions provider that has developed innovative platforms, including the ZCITY App and TAZTE, aimed at enhancing digital payment experiences and providing management solutions for merchants [8]. Strategic Collaboration - The partnership will leverage ZCITY's advanced technology to integrate AI-driven crypto mining capabilities into MVNO services, allowing users to mine digital assets while using mobile services, thus merging telecommunications with blockchain technology [2][3]. - This collaboration is expected to create a unique white-label solution branded under ZCITY, enhancing market presence and competitive advantage [2]. Revenue Potential - Treasure Global currently has a user base of 2.69 million and aims to grow its active users from 20,000 to 100,000 within the next 12 months, projecting a fivefold increase in monthly revenue to reach US$2 million and an annual growth of US$25 million [6]. - The strategic plan approved by the Board of Directors focuses on expanding into a more advanced and profitable business model, capitalizing on the existing user base [6]. Industry Insights - The global mobile virtual network operator market is projected to grow at a compound annual growth rate of 7.8%, increasing from US$79.8 billion in 2023 to US$135 billion by 2030, driven by demand for affordable mobile services and market saturation [7].

Financial Data and Key Metrics Changes - The gross profit for the third quarter reached $217,000, marking a substantial increase of 47% compared to the same period last year [29] - Total revenue for the quarter was $1.6 million, reflecting a decrease of approximately 76% compared to $6.7 million for the second quarter of fiscal year 2024 [29] - Net losses decreased to approximately $1.7 million from approximately $2.9 million in the third quarter of fiscal year 2023, driven by optimized cost management [9] Business Line Data and Key Metrics Changes - The ZCITY Premium Store significantly contributed to gross profit growth, with over 6,000 Bill Saver Bonanza Packs sold in just 4 months [7] - ZCITY had over 2.69 million registered users and over 2,027 registered merchants as of March 31, 2024 [24] - Quarterly active users for the quarter ending March 31, 2024, were 41,455, with a total of 0.19 million transactions processed [24] Market Data and Key Metrics Changes - The Southeast Asia AI market is expected to grow significantly at an anticipated annual rate of 17.83% by 2030 [5] - The Malaysian e-commerce market is projected to reach $20.93 billion by 2029 [19] - The global gaming market is projected to reach a revenue of $212 billion by 2026 [22] Company Strategy and Development Direction - The company is focused on innovation, particularly through AI initiatives to enhance product offerings and customer engagement [4][20] - A strategic partnership was established as the exclusive provider of an AI forcing wallet on Telegram, positioning the company at the forefront of blockchain innovation [18] - The company is reallocating resources away from lower-margin offerings to focus on high-margin solutions for sustained growth [26] Management's Comments on Operating Environment and Future Outlook - Management expressed a positive outlook on the development showcased in the third quarter, emphasizing a commitment to innovation and market expansion [26] - Despite a decline in quarterly active users and paid users, management remains confident in the long-term growth potential of ZCITY [10] - The company is dedicated to driving growth and delivering value to shareholders while navigating a challenging macro environment [17][23] Other Important Information - The company has initiated an ATM offering, securing an aggregate offering price of up to $2.99 million [3] - A $2 million marketing contract was secured with Satria Dunia Sdn Bhd to showcase premium Korean beauty products using ZCITY's AI marketing engine [21] - The company is in discussions with the Shanghai Guangxi Chamber of Commerce about running the Malaysia Pavilion, aiming to tap into the growing Chinese online shopping market [31] Q&A Session Summary Question: What are the expectations for the future growth of ZCITY? - Management remains confident in the long-term growth potential of ZCITY despite recent declines in active users and paid users [10] Question: How is the company addressing the decline in revenue? - The company is focusing on reallocating resources to higher-margin business channels and optimizing spending to drive long-term value creation [29][26] Question: What are the strategic partnerships the company is pursuing? - The company has established a partnership for an AI blockchain model on Telegram and secured a marketing contract to enhance brand exposure in the beauty sector [18][21]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _________ to ________ COMMISSION FILE NUMBER 001-4147 Treasure Global Inc (Exact name of registrant as specified in its charter) Delaware 36-4965082 (State or ...