Value Exchange International Limited Secures Multi-Year Software as a Service Agreement With One of Asia's Largest Retail Con...
10 Junio 2014 - 8:30AM
Marketwired
Value Exchange International Limited Secures Multi-Year Software as
a Service Agreement With One of Asia's Largest Retail Conglomerates
Value Exchange International Ltd, a Retail Technology Company,
Has Signed an Agreement With One of Asia's Largest Retail Companies
for the Implementation of Their Proprietary Mobile Loyalty Software
Solution
HONG KONG, CHINA--(Marketwired - Jun 10, 2014) - Value
Exchange International Limited (VEI), a leading technology company
incorporated in Hong Kong, providing innovative digital technology
solutions primarily for the retail industry, is pleased to announce
they have signed a multi-year Blanket Purchase Agreement (BPA) with
a leading Asian retail conglomerate for the implementation of their
flagship Software-as-a-Service (SaaS) based mobile loyalty
solution.
The software is expected to service over 1,000 outlets of the
leading retailer in the Hong Kong (SAR) region, which are operated
and franchised under some of the world's leading international
retail brands. This is the first move before eventually
expanding to other associated brands and to the Greater China and
the Asia-Pacific market.
Under the terms of the BPA, the services will launch in October
2014 and cover a two-year period, with term of renewal for another
one year. The current agreement value of US$ 350,000 is expected to
exceed US$ 5.6 million in returns if deployed at the aforementioned
brand partners.
VEI's proprietary mobile Stored Value Card (mSVC) solution is an
omnichannel mobile loyalty solution designed to help merchants
tailor their business in countless ways to reinforce their brand
image and philosophy, streamline core business processes, and
enable customer-friendly policies. Offered through a SaaS
architecture, the solution is easy to deploy and maintain. It
further allows the integration of point-of-sale data with data
gathered from mobile interactions to provide a more enhanced and
valuable inventory of data that the VEI expects will be of great
interest to clients, advertisers and brands.
This implementation aims to connect the leading retail
conglomerate and its partners to its customers. This latest
development symbolizes a key milestone for VEI following the
earlier announcement of another strategic partnership with US
listed payments processing company, Sino Payments Inc. (OTC Pink:
SNPY) (PINKSHEETS: SNPY). With these two new developments, VEI is
poised to become a worldwide leader in digital technology services
among retailers.
SNPY has a strong customer base in the Point-of-Sale (POS) in
the region. The merger of SNPY and VEI will add new value to the
SNPY Group's retail solution offerings by enhancing the
functionality of the overall retail business model. By integrating
VEI's expertise in mSVC and digital technology to the SNPY Group's
existing portfolio, this merger offers significant potential to
harmonize the operations of all related entities. Furthermore, this
new contract would not only contribute to the SNPY Group's business
revenue but also to its organizational growth in the ever-evolving
digital technology industry.
Kenneth Tan, CEO of VEI, proclaimed, "This deal will be a
complete game changer for our mobile marketing company and an
evolution in the overall checkout process. With mSVC and the use of
digital rewards, we help brands and retailers track customer
behavior, enabling them to deliver personalized offers to boost
traffic and increase sales. We are confident mSVC will
revolutionize the way uses mobile marketing and loyalty rewards for
their business and act as an integral piece of their customer
retention strategy."
VEI's impressive client list includes some of the largest and
most well-known Asian retail merchants. These include:
- Dairy Farm International Holdings Limited (HKSAR) - Dairy
Farm is a leading pan-Asian retailer. At 30th June 2013, the
Group and its associates and joint ventures operated over
5,700 outlets; employed over 97,000 people and had total
annual sales in 2012 exceeding US$11 billion. The Group
operates supermarkets, hypermarkets, convenience stores,
health and beauty stores and home furnishings stores under
well-known brands. The Group has a 50% interest in Maxim's,
Hong Kong's leading restaurant chain. Dairy Farm International
Holdings Limited is incorporated in Bermuda and has a premium
listing on the London Stock Exchange, with secondary listings
in Bermuda and Singapore. Dairy Farm is a member of the
Jardine Matheson Group.
- Sa Sa International Holdings Limited (HKSAR) - Asia's
leading cosmetics company principally engaged in the retailing
and wholesaling of cosmetic products, The Company operates in
two segments: retail segment, engaged in the operation of cosmetics
specialty stores, which offer a variety of products from over
600 beauty brands, covering a wide of products from skin care,
fragrance, make-up, body care and hair care to health foods,
and brand management segment, engaged in the management of
over 100 beauty brands.
- German Pool Ltd (HKSAR) - Home appliance retail giant
specialized in the manufacturing, distribution and marketing of
an impressive inventory of high-quality domestic appliances
and applications for over 30 years, operating from more than
700 retail outlets and major department stores in Hong Kong
with a direct presence in the USA, Canada, UK, Germany and the
People's Republic of China.
About Sino Payments
Inc., (www.sinopayments.com) Sino Payments is a US public
company and leading provider of customer-centric solutions for the
retail industry. By integrating market-leading
Point-of-Sales/Point-of-Interaction (POS/POI) and retail solutions,
Sino Payments provides retailers with the capability to offer a
consistent shopping experience across all channels, all the time,
enabling them to easily and effectively manage the customer
lifecycle on a one-to-one basis. Sino Payments has registered
office in Hong Kong and direct presence in Shenzhen, Guangzhou,
Shanghai, Beijing, and Manila with over 200 staff.
About VEI
(www.value-exch.com) Value Exchange International (VEI) is a
company that provides system integration, consultancy services and
a wide range of IT services and solutions to various organizations,
primarily in the retail sector. VEI integrates essential components
of shopping into an omnichannel platform to enhance the consumer
shopping experience and ensure retail commerce success. VEI helps
retailers to truly blur the lines between Web, retail, mobile,
catalog, call center and kiosk, taking the best of each channel and
making it possible across all channels. VEI is headquartered in
Hong Kong and has direct presence in Beijing, Shanghai, Guangzhou,
Shenzhen, Jakarta and Manila.
FORWARD-LOOKING
STATEMENTS Except for factual statements made herein, the
information contained in this press release consists of
forward-looking statements that involve risks and uncertainties,
including the effect of changing economic conditions, competition
within the credit and security industry, customer acceptance of
products and other risks and uncertainties. Such forward-looking
statements are not guarantees of performance, and Sino Payments,
Inc. or other related entities results could differ materially from
those contained in such statements. These forward-looking
statements speak only as of the date of this release, and Sino
Payments, Inc. or other related entities undertakes no obligation
to publicly update any forward-looking statements to reflect new
information, events or circumstances after the date of this
release.
Contacts: Value Exchange International Limited Kenneth Tan CEO T
852.2950.4288 ir@value-exch.com RELATED LINKS
www.value-exch.com
Value Exchange (PK) (USOTC:VEII)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Value Exchange (PK) (USOTC:VEII)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024