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Global New Material (6616.HK) IPO: Leading Consumable Material Producer to Benefit with Listing

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HONG KONG, July 7, 2021 – (ACN Newswire) – Global New Material, the global leader in the field of new consumable materials, specifically pearlescent materials, is currently in the offering stage (6616.HK), a step away from its official July 17 listing on the Stock Exchange of Hong Kong.
Global New Material International Holdings Limited, or Global New Material, has become the largest pearlescent material manufacturer in China and is aiming to be the largest in the world by virtue of its unique technical advantages.

Synthetic mica is expected to replace traditional pigments, while pearlescent materials should further expand in middle and high-end consumption fields, ushering in higher localization rates. We expect Global New Material, benefitting from opportunity in both pearlescent materials and synthetic mica, will develop at a firmer pace with capital market support.

Global New Material remains the industry leader by virtue of its dominant advantages in technology

With the top talent in the industry and synthetic mica as a key base material, Global New Material focuses on R&D and innovation, and has accumulated significant and dominant technical advantages.

Global New Materia’s technical team is headed by Professor Jiansheng Fu, a world-renowned pearlescent material expert, and is acclaimed as the premier authority on pearlescent materials in China and as the father of chameleon pearlescent materials. His team announces more than 100 new products each year, having included the silicon ball series, the Light of the Dawn series and other innovative material lines already leading international markets.

Global New Material has also hired two doctors from the French Academy of Sciences to run the development of cosmetics products. Global New Material’s products have been put into mass production, and have been supplied to several big-name cosmetics companies. Moreover, Global New Material has set up a team dedicated to studying the downstream application of pearlescent materials and has developed thousands of personalized products using pearlescent materials, as well as personalized color product-related services for customers.

In particular, Global New Material has the technical advantages in manufacturing synthetic mica, the second-generation base material used in pearlescent materials. There is an increasingly stronger demand for synthetic mica as natural mica is on the verge of exhaustion. In this context, Global New Material is currently the only company in the industry that has all core technologies required for manufacturing synthetic mica.

To date, Global New Material pearlescent materials are found in 473 natural mica-based products, 266 synthetic mica-based products, 30 glass sheet-based products, and 5 silica-based products. Global New Material pearlescent materials are widely applied for different purposes and in different industries covering automotive coatings, cosmetics, industrial coatings, plastics, printing, textiles, leather and ceramics.

Additionally, Global New Material sells synthetic mica powder products of different particle sizes which are used in pearlescent material products of different grades and produce functional fillers, insulating materials, refractory materials and raw materials of nickel-hydrogen batteries. Global New Material not only remains the industry leader by relying on technical advantage, but it has shaped its business scale as well.

According to the prospectus, Global New Material has sold products to more than 30 countries and regions in Asia (excluding China), Europe, Africa and South America. As shown in a report issued by Frost & Sullivan, in terms of corporate revenue, Global New Material was the largest manufacturer of pearlescent materials and China’s industry leader in 2020 with a market share of 11.0%, the only company in China with a market share of over 10%.

In the global market, Global New Material ranked as the fourth largest manufacturer of pearlescent materials in 2020 with a market share of 3.0%, only 0.2% lower than that of the third largest. In the synthetic mica-based pearlescent materials market, the top five by corporate revenue in 2020 occupied a market share of 28.1%, Global New Material ranked first with a market share of 8.9%, 3.4% higher than that of the second one. In the domestic market, Global New Material ranked first with a market share of 25.4%, more than twice the market share of the second player.

In recent years, Global New Material’s production capacity has been on the rise. Specifically, its annual planned production capacity of pearlescent material products reached 10,464 tons, 12,978 tons and 13,740 tons at the end of 2018, 2019 and 2020 respectively, and its annual planned production capacity of synthetic mica powder doubled from 4,752 tons at the end of 2019, which remained stable for two years, to 9,504 tons at the end of 2020.
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Driven by existing advantages, business performance is growing at a remarkably expedited pace

Global New Material’s two core business segments, natural mica-based and synthetic mica-based products have been on the marked rise, leading to continued increases in corporate revenue.

According to the prospectus, 2018 to 2020 sales volume of natural mica-based products, which account for the largest percentage of Global New Material’s revenue, reached 7,217.9 tons, 8,822.4 tons and 10,056.8 tons respectively, an average annual compound growth rate of 18.04%.

Sales volume of synthetic mica-based products, which account for the second-largest percentage of Global New Material’s revenue, reached 1,228.8 tons, 2,231.8 tons and 3,943.5 tons respectively an average annual compound growth rate of 79.14%.

Benefiting from the stable increase in sales volume of the forgoing core business segments and of glass sheet-based and silicon oxide-based products, the overall sales volume of Global New Material increased from 8,535.5 tons in 2018 to 11,264.5 tons in 2019 and even reached 14,243.3 tons in 2020.

In terms of corporate revenue, natural mica-based products contributed RMB245 million, RMB296 million and RMB319 million in 2018, 2019 and 2020 respectively, showing a steady increase. The corporate revenue contributed by synthetic mica-based products rapidly increased from RMB68.28 million in 2018 to RMB197 million in 2020, with the proportion of total corporate revenue increasing from 21.5% to 34.6%.

The corporate revenue contributed by glass sheet-based products increased by 9.1 times and 2.4 times in 2019 and 2020 respectively from RMB1.375 million in 2018, and reached RMB46.821 million in 2020. In the past three years, Global New Material’s corporate revenue reached RMB318 million, RMB441 million and RMB569 million respectively, increasing by 38.44% and 29.17% in 2019 and 2020 respectively. In particular, a remarkable increase was achieved during COVID-19 in 2020.

We can see that growth in gross profit margins and optimization of expense ratios continues to enhance Global New Material’s profitability.

According to financial data, benefiting from the expansion of business scale and technological improvement, Global New Material’s gross profit margin increased from 49.5% in 2019 to 49.9% in 2020 even though it lowered prices of its core products during the epidemic prevention and control period in 2020. Besides, its sales expense ratio, administrative expense ratio and financial expense ratio dropped from 5.29%, 12.87% and 4.19% in 2019 to 4.32%, 12.81% and 3.41% respectively in 2020.

In this context, Global New Material had its net profit reaching RMB153 million in 2020, with an increase of 42.42% which is significantly higher than 31.92% in 2019, and also had its net profit margin increasing from 24.4% in 2019 to 26.9% in 2020.

Benefiting from its production capacity expansion plan and the increasingly stronger demands in the industry, we expect Global New Material to remain on its growth trend with business performance.

The era of pearlescent materials is coming

Pearlescent materials, which replace traditional pigments with new applications under exploration, will be of great potential in the future. Pearlescent pigment is a new composite material produced by imitating the formation principle of pearls, and has a micron-sized mica flake at the core which is coated with a nano-sized metal oxide film. Pearlescent pigments can create beautiful, brilliant and long-lasting colours without harm to human health and the environment, as with natural pearls, and are therefore called “pearlescent materials”.

As set forth in the Classification of Strategic Emerging Industries (2018) issued by the Chinese central government, mica products are functional fillers as new energy materials used in strategic emerging industries, and mica-based pearlescent materials are pigments as other new functional materials used in strategic emerging industries.

Compared with traditional pigments, pearlescent materials involve 2 distinct and innovative elements: (1) pearlescent materials abandon the color generation principle requiring three primary colors that applies to traditional pigments, and adopt the principle of light interference effect for color generation to ensure long-lasting colors; and (2) pearlescent pigments are non-toxic and harmless to human health and environment. As a new consumable material without a definite industry life cycle, pearlescent pigments are rapidly replacing traditional organic and metal pigments, and are widely applied in coatings, inks, plastics, cosmetics, automobiles, aerospace and other fields.

With the benefit of higher market penetration in the automotive market, automotive-grade pearlescent materials reached RMB950 million in 2020, accounting for 5.0% of the overall market size of the pearlescent materials market. The market size of cosmetic-grade pearlescent materials is also on a steady rise. From 2021 to 2025, pearlescent materials to be applied in the global automotive market and the global cosmetics market will experience a compound growth rate of 47.1% and 32.8% respectively.

On the whole, the global pearlescent material market is on a steady rise with the market seize reaching RMB18.9 billion in 2020 and with a compound annual growth rate of 19.2% from 2016 to 2020. Considering that the total market size of the global pigment market is currently RMB160 billion, pearlescent pigments are expected to replace other pigments and gain an ever-larger market share.

As forecasted by Frost & Sullivan, in view of consumption upgrade and of the fact that pearlescent materials are gradually replacing other pigments, the market size of the pearlescent material market will reach RMB44.6 billion in 2025, and the compound annual growth rate of the global pearlescent pigment market will further climb to 23.9% from 2021 to 2025.

Meanwhile, the trend of replacing imported products with Chinese-made products is creating great market opportunities for leading companies such as Global New Material.

It is known that pearlescent pigment is included in the Directory of High-tech New Material Products for Export and enjoys export tax benefits, and falls in the new material industry encouraged by the state. At present, the market size of the Chinese pearlescent pigment market is expanding at a pace significantly faster than that of the global pearlescent pigment market.

The market size of the Chinese pearlescent pigment market expanded at a compound annual growth rate of 23.9% from 2016 to 2020, and is expected to expand at a compound annual growth rate of 30.8% from 2021 to 2025. Even though some pearlescent pigments sold in China are still imported from Germany-based Merck, BASF and other overseas suppliers, the trend of replacing imported products with Chinese-made products will empower the development of Chinese leading companies such as Global New Material.

Furthermore, the synthetic mica market is booming

First-generation pearlescent materials are natural mica-based, and all-natural mica materials currently used are imported from India as natural mica in China has been exhausted. In this context, the best solution is to replace natural mica with synthetic mica. In 2015, the Ministry of Industry and Information Technology of the People’s Republic of China listed synthetic mica as one of the 18 key basic new materials for the national industrial upgrading project, and only CHESIR was authorized to take on this project.

Given that synthetic mica-based products show better insulation, high-temperature resistance and corrosion resistance than natural mica-based products, synthetic mica-based products are more likely to be used in higher-end fields and broader applications. At present, synthetic mica powder is usually used to produce cosmetic-grade and automotive-grade pearlescent pigment products.

Data shows that the market share of synthetic mica-based pearlescent pigments has increased from 5.3% in 2016 to 11.7% in 2020. Driven by the technology advancement and productivity improvement of synthetic mica, the market share of synthetic mica-based pearlescent pigments in the global market is expected to reach 23.6% in 2025, and the synthetic mica-based pearlescent pigment market will usher in a compound annual growth rate of 47.6% from 2021 to 2025.

Like pearlescent materials, synthetic mica is used in broader applications

In addition to pearlescent materials, mica products are used in producing insulating and refractory materials which are then used in automobiles, cosmetics, electric power, high-temperature smelting, household appliances and other fields. From 2018 to 2020, the market size of mica applied in producing pearlescent materials reached RMB1.38 billion, RMB7.66 billion, and RMB3.70 billion respectively. Additionally, insulating materials will be applied to semiconductors and other cutting-edge fields.

With the improvement of the overall R&D capabilities, synthetic mica with better properties will be applied in more fields such as thermal insulation materials. At present, Global New Material is the only company in the industry that has the core technologies required in producing synthetic mica, and it also occupies the largest market share in the global synthetic mica-based pearlescent material market.

With its production capacity being expanded greatly, we expect Global New Material to be the biggest winner of the upcoming market opportunities.

All existing production facilities producing pearlescent pigment in Global New Material’s first-phase plant are near full capacity. In view of this, Global New Material is investing RMB1.338 billion to build a second-phase facility covering an area of 145,200 square meters, including four factories with a planned capacity of 30,000 tons/yr, power supply facilities, ancillary facilities and warehouses.

When the new plant is completed and put into operation, Global New Material should be able to dominate the upstream in the global supply chain of synthetic mica, and therefore become the leading enterprise in the pearlescent material and synthetic mica industry.

In summary, Global New Material remains first in China with its technical advantages and aims to lead the global market, developing at an expedited pace following industry opportunity and based on its expansion strategy. We expect to see a new wave of investment by Global New Material following its HKEx debut later this month.

Global New Material will trade under stock code HKSE: 6616.

Contact:
Haolu Wang, Peanutmedia
Email: [email protected]
URL: https://www.Peanutmedia.com


Topic: IPO
Source: PeanutMedia

Sectors: Daily Finance
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ACN Newswire

VFS Global opens new UAE Attestation Centres in the Philippines

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MANILA, July 28, 2021 – (ACN Newswire) – Customers in the Philippines can directly visit the UAE Attestation Centres located in Makati City, Malate in Manila and Cebu without any prior appointment for document attestation services which commenced on 1 July 2021. Services at the Centre include personal documents (Birth Certificate, Marriage Certificate etc.), educational documents (School Certificate, Diploma etc.), and commercial documents (Business Registrations, Invoices).

Customers who are travelling to UAE or the Middle East can submit their documents in person for attestation by walk-in directly at our new centres that adhere to the stringent safety and physical distancing guidelines prescribed by the World Health Organisation and local authorities. The convenience of doorstep document collection and delivery with real-time tracking of key documents via courier will be made available soon for the residents in these three locations. The mode of payment is cash only at present. Please note that all documents submitted for attestation should already have an apostille by DFA (Department of Foreign Affairs), UAE.

Commenting on the inauguration of the new UAE Attestation Centres, Mr Jiten Vyas, Regional Group COO, VFS Global, “We are excited to extend our long-standing partnership with the Government of the UAE to the next level through the launch of the new Attestation Centres in cooperation with the UAE Ministry of Foreign Affairs. By leveraging on our vast operations network and expertise in Attestation services globally, our newly opened UAE Attestation Centres across the Philippines will offer an enhanced experience for customers with a secure application process and with a range of Value Added Services like pick and drop, end-to-end support, courier, translation etc.”

Key advantages of the new UAE Attestation Centre include:
– Secured end to end process legalisation process
– Safety of documents shared for attestation and legalisation
– On-time processing and return of important documents

Important information for UAE attestation services customers in the Philippines:

As the safety of our customers and employees is our priority, VFS Global has implemented strict health and safety measures in line with Government guidelines for physical distancing at the Centres. Customers must wear a face mask/face covering to enter the premises, and a temperature reading will be required on arrival. Customers exhibiting COVID-19 symptoms, including fever (higher than 37.3 degrees Celsius), cough and difficulty in breathing, will not be allowed to proceed with their applications and be allowed to reschedule their appointments for another day.

Customers can visit our website: http://www.vfsattestation.com/philippines/ or call our helpline number +639190615894 or email us [email protected] for more details.

UAE Attestation Centre
– Address in Makati City: VFS Global, Unit M01, Mezzanine Floor, Ecoplaza Building, 2305 Chino Roces Ave.Extension, Makati City, Metro Manila 1231, Philippines
– Address in Malate: VFS Global, Ground Floor, DY International Building, San Marcelino corner Gen. Malvar St. Malate, Manila 1004, Philippines
– Address in Cebu: VFS Global, 5th Floor Unit 503 Kepwealth Center, Samar Loop cor. Cardinal Rosales Avenue, Cebu Business Park, Cebu City 6000, Philippines
Email id: [email protected]
Helpline: +639190615894
Website: http://www.vfsattestation.com/philippines/
Submission Timing: 0900 hrs – 1300 hrs (Monday to Friday, except holidays)

*VFS Global will be responsible only for accepting applications for client missions. All applications submitted will continue to be assessed and processed by the respective client missions. Timelines for turnaround are as per the discretion of the authorities.

About VFS Global

VFS Global is the world’s largest outsourcing and technology services specialist for governments and diplomatic missions worldwide. With 3523 Application Centres, operations in 143 countries across five continents and over 230 million applications processed (since inception in 2001) as on 30 June 2021, VFS Global is the trusted partner of 62 client governments. The company manages non-judgmental and administrative tasks related to applications for visa, passport and consular services for its client governments, enabling them to focus entirely on the critical task of assessment.

VFS Global is majority owned by the global investment organisation EQT. The Swiss-based Kuoni and Hugentobler Foundation holds a minority stake in VFS Global. EQT is a global investment organisation with offices in Europe, North America and Asia-Pacific and a 27-year track record of consistent investment performance across multiple geographies, sectors, and strategies. EQT AB Group is listed on the Nasdaq Stockholm stock exchange. EQT manages and advises a range of specialized investment funds and other investment vehicles that invest across the world with the mission to generate attractive returns and future-proof companies. EQT funds’ investors do not influence portfolio companies’ decision making or strategies. Nor do they have access to private and confidential business assets or client and customer data.

Media Contact
Sukanya Chakraborty
[email protected]
[email protected]


Topic: Press release summary
Source: VFS Global

Sectors: Travel & Tourism, Daily News, Legal & Compliance, Local Biz, Government
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ACN Newswire

DigiMax Expands Global Marketing into Asia with Signing of Collaboration Deal in Hong Kong

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TORONTO, ON, July 28, 2021 – (ACN Newswire) – DigiMax Global Inc. (the “Company” or “DigiMax”) (CSE:DIGI)(OTC:DBKSF), a company that provides artificial intelligence (“AI”) and cryptocurrency technology solutions, is pleased to announce that it has signed its first collaboration agreement to expand CryptoHawk services into Hong Kong and surrounding areas.

CryptoHawk is an Artificial Intelligence driven, price-trend prediction tool that can be profitably used by any investor interested in trading Bitcoin or Ethereum. The tool is different as it uses AI and machine learning to capture profit from the volatility of crypto currencies, rather than incur the risk of buy-and-hold investments. As previously announced by the Company, in its first full month of operation in June 2021, CryptoHawk signals achieved a 1-month, long-short return on BTC of more than 25% compared to a buy-and-hold return for the same period of a loss of 10%. In both up and down markets, CryptoHawk has the potential to deliver subscribers much higher returns when trading.

DigiMax is collaborating with Mr. Tony Tong in Hong Kong and other Asian regions where he has substantial influence. Mr. Tong is Co-Chairman & Co-Founder of Hong Kong Blockchain Association HKBA.hk.org, Council Member of International Digital Asset Exchange Association IDAXA.org , and President of GlobalSTOx.io & APX.HK. After graduating in engineering at the University of Minnesota and spending 15 years in the United States in several leading high-tech companies, Mr. Tong returned to Hong Kong where he has held many high-profile roles a few of which include:

– Co-Founder of Pacific Financial Services and Super Angels Ventures.
– Frequent speaker and bilingual moderator for leading fintech, blockchain, investment banking events, including Blockchain Economic Forum Singapore, Global Gaming Expo G2EAsia, Goldman Sachs, UBS, CLSA , Morgan Stanley Asia Investment Summit, Bank of America Merrill Lynch China Investment Summit.

The collaboration agreement between DigiMax and Mr. Tong will include the issuance of 200,000 common shares of DigiMax and an award of additional shares as he assists DigiMax in successfully completing partnering deals with exchanges or directly increasing the number of CryptoHawk subscribers in Asia.

“We have known DigiMax and its founders since 2017 and we are impressed that they have withstood the test of time in the cryptocurrency and blockchain world,” said Tony Tong. “The CryptoHawk offering is already proving itself as an excellent tool for crypto traders to use to increase their returns and we look forward to working together to develop more markets in Asia with them.”

“We are excited to be able to join forces with Tony Tong who we respect as a prominent leader in the crypto industry in Asia,” said DigiMax CEO, Chris Carl. “Tony has been a leader and an innovator in every facet of the blockchain and crypto currency space and we are certain that CryptoHawk can deliver a whole new level of value and power to anyone interested in trading or owning crypto currencies in their portfolio.”

KIROBO Update

Kirobo, a blockchain technology company into which DigiMax has made a strategic investment (see May 3, 2021 Press Release), yesterday announced it has launched its ‘P2P Swap Button’, a decentralized tool allowing cryptocurrency users to execute token swaps without having to use an exchange or custodial third party.

By taking the swap off-exchange, the tool allows users to decide their own prices for their tokens and transact directly with peers. As a result, slippage is avoided completely.

Asaf Naim, co-founder and CEO of Kirobo, said: “Until now, it wasn’t possible to execute a swap without losing money, because exchange algorithms adjust token prices according to the amounts put up for sale. We’re allowing people to trade without an exchange and to set their own prices, with complete security, for the first time ever.”

Kirobo’s safe transfer platform secures transactions with an authentication key, the component parts of which are divided between the first party, the smart contract, and the Kirobo server. There’s no single point of failure, and Kirobo does not hold users’ funds at any point.

For more information, please see Kirobo’s full press release at: bit.ly/3zHLMZW

About DigiMax

DigiMax is an Artificial Intelligence technology company committed to unlocking the potential of disruptive technologies by providing advanced financial, predictive, and cryptocurrency solutions across various verticals. DigiMax is an official IBM Watson partner, and the Company’s engineering team has extensive experience in Machine Learning, Neural Language Processing, AI, Big Data and Cryptocurrency technology.

To learn more, visit our website: https://digimaxglobal.com/

Contact:

Martti Kangas
Investor Communications
647-521-9261
[email protected]

Chris Carl
President & CEO
416-312-9698
[email protected]

Cautionary Note Regarding Forward-looking Statements
This press release contains “forward-looking statements or information”. Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements in this press release include, among others, statements we make regarding the uses of our CryptoHawk.ai and CryptoDivine.ai software and their potential benefits and uses, and information about future plans, expectations and objectives of the Company.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. The Company may not actually achieve its plans, projections, or expectations. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including expectations and assumptions concerning the uses, benefits and expectations of our CryptoHawk.ai and CryptoDivine.ai software. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the adequacy of our cash flow and earnings, the benefits and uses of our software, the pricing and availability of our software, the availability of future financing and/or credit, and other conditions which may affect our ability to expand the App Platform and software described herein, the level of demand and financial performance of the cryptocurrency industry, developments and changes in laws and regulations, including increased regulation of the cryptocurrency industry through legislative action and revised rules and standards applied by the Canadian Securities Administrators, Ontario Securities Commission, and/or other similar regulatory bodies in other jurisdictions, disruptions to our technology network including computer systems, software and cloud data, or other disruptions of our operating systems, structures or equipment, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, consumer sentiment towards the Company’s products and services, failure of counterparties to perform their contractual obligations, government regulations, competition, loss of key employees and consultants, and general economic, market or business conditions, the impact of technology changes on the products and industry, as well as those risk factors discussed or referred to in disclosure documents filed by the Company with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.

Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.


Topic: Press release summary
Source: DigiMax Global Inc

Sectors: CryptoCurrency, Artificial Intel [AI]


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From the Asia Corporate News Network

Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
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Source: https://www.acnnewswire.com/press-release/english/68319/

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ACN Newswire

DigiMax Expands Global Marketing into Asia with Signing of Collaboration Deal in Hong Kong

Published

on

TORONTO, ON, July 28, 2021 – (ACN Newswire) – DigiMax Global Inc. (the “Company” or “DigiMax”) (CSE:DIGI)(OTC:DBKSF), a company that provides artificial intelligence (“AI”) and cryptocurrency technology solutions, is pleased to announce that it has signed its first collaboration agreement to expand CryptoHawk services into Hong Kong and surrounding areas.

CryptoHawk is an Artificial Intelligence driven, price-trend prediction tool that can be profitably used by any investor interested in trading Bitcoin or Ethereum. The tool is different as it uses AI and machine learning to capture profit from the volatility of crypto currencies, rather than incur the risk of buy-and-hold investments. As previously announced by the Company, in its first full month of operation in June 2021, CryptoHawk signals achieved a 1-month, long-short return on BTC of more than 25% compared to a buy-and-hold return for the same period of a loss of 10%. In both up and down markets, CryptoHawk has the potential to deliver subscribers much higher returns when trading.

DigiMax is collaborating with Mr. Tony Tong in Hong Kong and other Asian regions where he has substantial influence. Mr. Tong is Co-Chairman & Co-Founder of Hong Kong Blockchain Association HKBA.hk.org, Council Member of International Digital Asset Exchange Association IDAXA.org , and President of GlobalSTOx.io & APX.HK. After graduating in engineering at the University of Minnesota and spending 15 years in the United States in several leading high-tech companies, Mr. Tong returned to Hong Kong where he has held many high-profile roles a few of which include:

– Co-Founder of Pacific Financial Services and Super Angels Ventures.
– Frequent speaker and bilingual moderator for leading fintech, blockchain, investment banking events, including Blockchain Economic Forum Singapore, Global Gaming Expo G2EAsia, Goldman Sachs, UBS, CLSA , Morgan Stanley Asia Investment Summit, Bank of America Merrill Lynch China Investment Summit.

The collaboration agreement between DigiMax and Mr. Tong will include the issuance of 200,000 common shares of DigiMax and an award of additional shares as he assists DigiMax in successfully completing partnering deals with exchanges or directly increasing the number of CryptoHawk subscribers in Asia.

“We have known DigiMax and its founders since 2017 and we are impressed that they have withstood the test of time in the cryptocurrency and blockchain world,” said Tony Tong. “The CryptoHawk offering is already proving itself as an excellent tool for crypto traders to use to increase their returns and we look forward to working together to develop more markets in Asia with them.”

“We are excited to be able to join forces with Tony Tong who we respect as a prominent leader in the crypto industry in Asia,” said DigiMax CEO, Chris Carl. “Tony has been a leader and an innovator in every facet of the blockchain and crypto currency space and we are certain that CryptoHawk can deliver a whole new level of value and power to anyone interested in trading or owning crypto currencies in their portfolio.”

KIROBO Update

Kirobo, a blockchain technology company into which DigiMax has made a strategic investment (see May 3, 2021 Press Release), yesterday announced it has launched its ‘P2P Swap Button’, a decentralized tool allowing cryptocurrency users to execute token swaps without having to use an exchange or custodial third party.

By taking the swap off-exchange, the tool allows users to decide their own prices for their tokens and transact directly with peers. As a result, slippage is avoided completely.

Asaf Naim, co-founder and CEO of Kirobo, said: “Until now, it wasn’t possible to execute a swap without losing money, because exchange algorithms adjust token prices according to the amounts put up for sale. We’re allowing people to trade without an exchange and to set their own prices, with complete security, for the first time ever.”

Kirobo’s safe transfer platform secures transactions with an authentication key, the component parts of which are divided between the first party, the smart contract, and the Kirobo server. There’s no single point of failure, and Kirobo does not hold users’ funds at any point.

For more information, please see Kirobo’s full press release at: bit.ly/3zHLMZW

About DigiMax

DigiMax is an Artificial Intelligence technology company committed to unlocking the potential of disruptive technologies by providing advanced financial, predictive, and cryptocurrency solutions across various verticals. DigiMax is an official IBM Watson partner, and the Company’s engineering team has extensive experience in Machine Learning, Neural Language Processing, AI, Big Data and Cryptocurrency technology.

To learn more, visit our website: https://digimaxglobal.com/

Contact:

Martti Kangas
Investor Communications
647-521-9261
[email protected]

Chris Carl
President & CEO
416-312-9698
[email protected]

Cautionary Note Regarding Forward-looking Statements
This press release contains “forward-looking statements or information”. Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements in this press release include, among others, statements we make regarding the uses of our CryptoHawk.ai and CryptoDivine.ai software and their potential benefits and uses, and information about future plans, expectations and objectives of the Company.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. The Company may not actually achieve its plans, projections, or expectations. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including expectations and assumptions concerning the uses, benefits and expectations of our CryptoHawk.ai and CryptoDivine.ai software. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the adequacy of our cash flow and earnings, the benefits and uses of our software, the pricing and availability of our software, the availability of future financing and/or credit, and other conditions which may affect our ability to expand the App Platform and software described herein, the level of demand and financial performance of the cryptocurrency industry, developments and changes in laws and regulations, including increased regulation of the cryptocurrency industry through legislative action and revised rules and standards applied by the Canadian Securities Administrators, Ontario Securities Commission, and/or other similar regulatory bodies in other jurisdictions, disruptions to our technology network including computer systems, software and cloud data, or other disruptions of our operating systems, structures or equipment, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, consumer sentiment towards the Company’s products and services, failure of counterparties to perform their contractual obligations, government regulations, competition, loss of key employees and consultants, and general economic, market or business conditions, the impact of technology changes on the products and industry, as well as those risk factors discussed or referred to in disclosure documents filed by the Company with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.

Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.


Topic: Press release summary
Source: DigiMax Global Inc

Sectors: CryptoCurrency, Artificial Intel [AI]


https://www.acnnewswire.com

From the Asia Corporate News Network

Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

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Source: https://www.acnnewswire.com/press-release/english/68319/

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ACN Newswire

DigiMax Expands Global Marketing into Asia with Signing of Collaboration Deal in Hong Kong

Published

on

TORONTO, ON, July 28, 2021 – (ACN Newswire) – DigiMax Global Inc. (the “Company” or “DigiMax”) (CSE:DIGI)(OTC:DBKSF), a company that provides artificial intelligence (“AI”) and cryptocurrency technology solutions, is pleased to announce that it has signed its first collaboration agreement to expand CryptoHawk services into Hong Kong and surrounding areas.

CryptoHawk is an Artificial Intelligence driven, price-trend prediction tool that can be profitably used by any investor interested in trading Bitcoin or Ethereum. The tool is different as it uses AI and machine learning to capture profit from the volatility of crypto currencies, rather than incur the risk of buy-and-hold investments. As previously announced by the Company, in its first full month of operation in June 2021, CryptoHawk signals achieved a 1-month, long-short return on BTC of more than 25% compared to a buy-and-hold return for the same period of a loss of 10%. In both up and down markets, CryptoHawk has the potential to deliver subscribers much higher returns when trading.

DigiMax is collaborating with Mr. Tony Tong in Hong Kong and other Asian regions where he has substantial influence. Mr. Tong is Co-Chairman & Co-Founder of Hong Kong Blockchain Association HKBA.hk.org, Council Member of International Digital Asset Exchange Association IDAXA.org , and President of GlobalSTOx.io & APX.HK. After graduating in engineering at the University of Minnesota and spending 15 years in the United States in several leading high-tech companies, Mr. Tong returned to Hong Kong where he has held many high-profile roles a few of which include:

– Co-Founder of Pacific Financial Services and Super Angels Ventures.
– Frequent speaker and bilingual moderator for leading fintech, blockchain, investment banking events, including Blockchain Economic Forum Singapore, Global Gaming Expo G2EAsia, Goldman Sachs, UBS, CLSA , Morgan Stanley Asia Investment Summit, Bank of America Merrill Lynch China Investment Summit.

The collaboration agreement between DigiMax and Mr. Tong will include the issuance of 200,000 common shares of DigiMax and an award of additional shares as he assists DigiMax in successfully completing partnering deals with exchanges or directly increasing the number of CryptoHawk subscribers in Asia.

“We have known DigiMax and its founders since 2017 and we are impressed that they have withstood the test of time in the cryptocurrency and blockchain world,” said Tony Tong. “The CryptoHawk offering is already proving itself as an excellent tool for crypto traders to use to increase their returns and we look forward to working together to develop more markets in Asia with them.”

“We are excited to be able to join forces with Tony Tong who we respect as a prominent leader in the crypto industry in Asia,” said DigiMax CEO, Chris Carl. “Tony has been a leader and an innovator in every facet of the blockchain and crypto currency space and we are certain that CryptoHawk can deliver a whole new level of value and power to anyone interested in trading or owning crypto currencies in their portfolio.”

KIROBO Update

Kirobo, a blockchain technology company into which DigiMax has made a strategic investment (see May 3, 2021 Press Release), yesterday announced it has launched its ‘P2P Swap Button’, a decentralized tool allowing cryptocurrency users to execute token swaps without having to use an exchange or custodial third party.

By taking the swap off-exchange, the tool allows users to decide their own prices for their tokens and transact directly with peers. As a result, slippage is avoided completely.

Asaf Naim, co-founder and CEO of Kirobo, said: “Until now, it wasn’t possible to execute a swap without losing money, because exchange algorithms adjust token prices according to the amounts put up for sale. We’re allowing people to trade without an exchange and to set their own prices, with complete security, for the first time ever.”

Kirobo’s safe transfer platform secures transactions with an authentication key, the component parts of which are divided between the first party, the smart contract, and the Kirobo server. There’s no single point of failure, and Kirobo does not hold users’ funds at any point.

For more information, please see Kirobo’s full press release at: bit.ly/3zHLMZW

About DigiMax

DigiMax is an Artificial Intelligence technology company committed to unlocking the potential of disruptive technologies by providing advanced financial, predictive, and cryptocurrency solutions across various verticals. DigiMax is an official IBM Watson partner, and the Company’s engineering team has extensive experience in Machine Learning, Neural Language Processing, AI, Big Data and Cryptocurrency technology.

To learn more, visit our website: https://digimaxglobal.com/

Contact:

Martti Kangas
Investor Communications
647-521-9261
[email protected]

Chris Carl
President & CEO
416-312-9698
[email protected]

Cautionary Note Regarding Forward-looking Statements
This press release contains “forward-looking statements or information”. Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements in this press release include, among others, statements we make regarding the uses of our CryptoHawk.ai and CryptoDivine.ai software and their potential benefits and uses, and information about future plans, expectations and objectives of the Company.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. The Company may not actually achieve its plans, projections, or expectations. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including expectations and assumptions concerning the uses, benefits and expectations of our CryptoHawk.ai and CryptoDivine.ai software. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the adequacy of our cash flow and earnings, the benefits and uses of our software, the pricing and availability of our software, the availability of future financing and/or credit, and other conditions which may affect our ability to expand the App Platform and software described herein, the level of demand and financial performance of the cryptocurrency industry, developments and changes in laws and regulations, including increased regulation of the cryptocurrency industry through legislative action and revised rules and standards applied by the Canadian Securities Administrators, Ontario Securities Commission, and/or other similar regulatory bodies in other jurisdictions, disruptions to our technology network including computer systems, software and cloud data, or other disruptions of our operating systems, structures or equipment, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, consumer sentiment towards the Company’s products and services, failure of counterparties to perform their contractual obligations, government regulations, competition, loss of key employees and consultants, and general economic, market or business conditions, the impact of technology changes on the products and industry, as well as those risk factors discussed or referred to in disclosure documents filed by the Company with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.

Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.


Topic: Press release summary
Source: DigiMax Global Inc

Sectors: CryptoCurrency, Artificial Intel [AI]


https://www.acnnewswire.com

From the Asia Corporate News Network

Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.acnnewswire.com/press-release/english/68319/

Continue Reading
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