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KUALA LUMPUR, Malaysia, May 31, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) has been engaged by Horizon Globex GmbH, and its affiliates, to provide advisory services on selected financial consultancy related services where the terms were formalised in a marketing and referral agreement signed between the two parties. VCI Global, in its appointed role, will introduce and refer entities, including non-fungible token (NFT) clients, that wish to list on Upstream. A fully regulated global stock exchange for digital securities and NFTs, Upstream, being a revolutionary trading app, enables one to dual list their respective shares on its platform. This role is on top of the provision of the standard advisory services on capital markets, exchange listings, client acquisitions and evaluating appropriate opportunities which are normally provided for by advisory firms. In its advisory capacity, VCI Global shall also be granted territorial exclusivity by Horizon Globex GmbH for Malaysia, Singapore, and Indonesia, for a period of six months from the date of the agreement. “To remain as a leading advisory firm with vast experience in the global financial market, the dynamism of the fast evolving financial services world compels us to be at our best, to meet the demanding needs of global investors. Thus, we strongly believe the provision of vehicles for dual listing like Upstream to reach under-tapped markets is nothing short of mandatory,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. About VCI Global Limited VCI Global is a multi-disciplinary consulting group with key advisory practices in the areas of business and technology. The Company provides business and boardroom strategy services, investor relation services, and technology consultancy services. Its clients range from small-medium enterprises and government-linked agencies to publicly traded companies across a broad array of industries. VCI Global operates solely in Malaysia, with clients predominantly from Malaysia, but also serves some clients from China, Singapore, and the US. For more information on the Company, please log on to https://v-capital.co/. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of Coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law. CONTACT INFORMATION: Issued by Imej Jiwa Communications Sdn Bhd on behalf of VCI Global Limited For media queries, please contact: Imej Jiwa Communications Sdn Bhd Chris Chuah Email: chris@imejjiwa.com
KUALA LUMPUR, Malaysia, May 10, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) announced that it has signed an Initial Public Offering (“IPO”) advisory mandate with Agroz Group Sdn Bhd (“Agroz”). This IPO advisory mandate entails a USD2 million advisory fees and also a success fees of 5% of the market capitalisation of Agroz when listed. The scope of work under this mandate includes, but is not limited to: review and assist with the reorganization with respect to the capital structure of Agroz; perform preliminary due diligence on the business and develop equity story for Agroz; review on operating and financial performance, governance and management structure of Agroz; interview the professionals required and make such recommendations for Agroz’s engagement; arrange for the formation of the due diligence working group (“DDWG”); management of the DDWG in producing professional materials in a timely manner; review, comment and assist in responding to U.S. Securities and Exchange Commission (“SEC”) and Nasdaq with regards to any queries that may arise; and assist in obtaining all requisite regulatory approvals. “With this latest IPO advisory mandate win, this further exemplifies clients’ trust in our capabilities in the provision of such financial related advisory services. With the global economies sailing further away from the pandemic era, I am confident more companies will seek to be listed and we will be at hand to bid for more of such contracts,” said Dato’ Victor Hoo, Chairman and Group Director of VCI Global. Agroz, founded by Gerard Lim in late 2020, is an agriculture technology company. The company utilises Controlled Environment Agriculture (“CEA”) in the provision of solutions in sustainable farming, to improve food safety, food security and sustainability, delivering value direct to the community. Gerard Lim has established a proven track record in leading, managing and building businesses from start-up stage, to turnaround management, and growing businesses into multi-million-dollar ventures. “Agroz is experiencing high growth and demand for our Controlled Environment Agriculture AgTech solutions and services are strong as we expand into Southeast Asia. To support this growth, we are seeking to raise capital through an IPO. We have selected VCI Global as our IPO advisor due to their outstanding track record as well as understanding of our industry sector,” said Gerard Lim, Chief Executive Officer of Agroz. About VCI Global Limited VCI Global is a multi-disciplinary consulting group with key advisory practices in the areas of business and technology. The Company provides business and boardroom strategy services, investor relation services, and technology consultancy services. Its clients range from small-medium enterprises and government-linked agencies to publicly traded companies across a broad array of industries. VCI Global operates solely in Malaysia, with clients predominantly from Malaysia, but also serves some clients from China, Singapore, and the US. For more information on the Company, please log on to https://v-capital.co/. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of Coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law. CONTACT INFORMATION: Issued by Imej Jiwa Communications Sdn Bhd on behalf of VCI Global Limited For media queries, please contact: Imej Jiwa Communications Sdn Bhd Chris Chuah Email: chris@imejjiwa.com
Enterprise-Grade Protection Against Ransomware, Malware, and Cyber Threats with Fully Encrypted, Automated System Backups KUALA LUMPUR, Malaysia, March 20, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), has officially launched V Gallant CyberSecure through its subsidiary, V Gallant Sdn Bhd (“V-Gallant”). This AI-powered, military-grade cybersecurity and encrypted backup solution is designed to fully secure enterprise systems from ransomware, malware, and advanced cyber threats. V Gallant CyberSecure provides a comprehensive cybersecurity solution that integrates AI-driven threat detection with a fully automated, encrypted data protection solution. Unlike traditional security tools, this dual-layer approach safeguards businesses against ransomware, system failures, and cyber breaches. The system continuously monitors for threats, detecting and neutralizing ransomware, trojans, and zero-day attacks in real-time without requiring human intervention. At the core of this solution is The Vault, an encrypted backup designed to safeguard critical data. This dedicated vault operates within the company’s infrastructure, requiring authentication keys for access—even internal IT teams cannot retrieve data without authorization. With zero-visibility encryption, sensitive information remains secure from external and insider threats. Additionally, the system offers instant rollback capabilities, allowing businesses to restore operations immediately following an attack or system failure. A key component of V Gallant CyberSecure’s architecture is its use of AI-accelerated encryption chips, developed in collaboration with leading technology partners. These encryption chips will enhance cybersecurity performance by: Accelerating encryption and decryption speeds, ensuring seamless, real-time data protection. Enhancing AI-driven threat detection, allowing proactive identification and mitigation of cyber threats. Reducing computational overhead, enabling large-scale data encryption without impacting system performance. According to Grand View Research, the global cybersecurity market is projected to grow at a compound annual rate of 12.9% from 2025 to 2030, driven by increasing institutional and enterprise demand. This trend presents a significant opportunity for V Gallant CyberSecure, which operates on a recurring revenue model through annual subscription fees. This approach ensures predictable, scalable growth while positioning VCI Global for sustained, high-margin revenue in the expanding cybersecurity sector. “Cybersecurity threats are evolving faster than ever, and companies need a next-generation solution that not only prevents attacks but also ensures complete system recoverability without data compromise. Most cybersecurity solutions focus solely on prevention but fail to guarantee data recovery. Our solution is the only one that does both—protecting businesses while ensuring that, even in the event of a breach, data remains fully encrypted and instantly recoverable,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. About V Gallant Sdn Bhd V Gallant, a subsidiary of VCI Global Limited (NASDAQ: VCIG), is a leading provider of AI infrastructure and cybersecurity solutions, delivering advanced technologies that drive both innovation and security. The company supplies high-performance Graphics Processing Unit (GPU) hardware and software platforms for training Large Language Models (LLMs), developing AI agents, and advancing machine learning and data analytics. Additionally, V Gallant offers comprehensive cybersecurity services to safeguard organizations against evolving threats, ensuring data integrity and operational resilience in an increasingly digital world. For more information, please visit https://vgallant.ai/ About VCI Global Limited VCI Global is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy. With a strong presence in Asia, Europe, and the United States, VCI Global is committed to driving technological innovation, sustainable growth, and financial excellence across multiple industries. For more information on the Company, please log on to https://v-capital.co/. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, 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. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law. CONTACT INFORMATION: For media queries, please contact: VCI GLOBAL LIMITEDenquiries@v-capital.co A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4c71f0c7-52fe-4075-ab75-4f7046702639
Strategic Move Positions VCI Global’s Fintech Division Among Tech Unicorns like Carsome and SoftBank-Backed Carro KUALA LUMPUR, Malaysia, March 17, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), a leading AI infrastructure provider, has signed a definitive agreement, valued at approximately US$1.8 million, to acquire Datanex Asia Sdn Bhd (“Lux-Motion”), a high-growth Malaysian luxury supercar e-commerce platform. The acquisition marked a significant expansion into AI-driven automotive financing and blockchain-powered digital lending, further solidifying VCI Global’s leadership innovation within the luxury auto sector. As an AI-powered luxury supercar e-commerce platform, Lux-Motion is transforming high-end automotive services through advanced digital innovation. At the core of its technology, the LuxScore system leverages comprehensive data sources to provide accurate financial assessments and personalized luxury supercar recommendations. By integrating AI-driven risk evaluation with blockchain-backed transaction security, Lux-Motion ensures a seamless, intelligent marketplace that delivers highly tailored, efficient, and secure transactions for buyers and sellers. Lux-Motion’s platform offers: AI-Powered Instant Financing: Automated loan approvals and same-day disbursements. Lease-to-Own & Flexible Payment Options: Expands financing accessibility for luxury car buyers. Blockchain-Based Digital Ownership: Ensures secure, tokenized asset tracking for vehicle transactions. AI-Powered Vehicle Matching: Proprietary LuxScore algorithm optimizes financing and pricing options. By integrating AI-powered risk assessment and blockchain-backed transaction security, Lux-Motion strengthens VCI Global’s presence in the rapidly expanding digital automotive marketplace. With the global automotive e-commerce market projected to reach approximately US$343.13 billion by 2032 at a compound annual growth rate (CAGR) of 16.6%, VCI Global is well-positioned to capitalize on this growth by transforming high-value vehicle financing. The acquisition of Lux-Motion not only accelerates VCI Global’s expansion into AI-driven digital lending but also enhances its potential for strategic mergers, acquisitions, and partnerships. By leveraging Lux-Motion’s AI-powered financing model, VCI Global reinforces its leadership in high-value automotive transactions, unlocking new revenue streams and increasing market valuation in the evolving digital lending landscape. “Luxury car buyers expect efficiency, trust, and seamless financing. This acquisition is a strategic milestone that strengthens our position in AI-powered asset financing while laying the foundation for future expansion into high-value digital lending, enabling VCI Global to compete with major digital automotive platforms. By integrating AI-driven risk assessment, fintech-backed lending, and blockchain-powered ownership, we are building a scalable ecosystem that streamlines luxury car transactions—enhancing the customer experience, unlocking new revenue streams, increasing market valuation, and driving long-term value for our investors,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. About Datanex Asia Sdn Bhd (Lux-Motion) Lux-Motion is Malaysia’s AI-powered luxury supercar e-commerce platform, transforming high-end automotive services through advanced digital innovation. The company provides a seamless, technology-driven approach to luxury car ownership, offering buyer-centric solutions and premium chartered car services tailored to the needs of high-net-worth clients. Its proprietary LuxScore system enhances transaction efficiency by providing data-driven financial assessments and personalized vehicle recommendations, ensuring a superior purchasing experience. For more information, please visit https://lux-motion.com/. About VCI Global Limited VCI Global is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy. With a strong presence in Asia, Europe, and the United States, VCI Global is committed to driving technological innovation, sustainable growth, and financial excellence across multiple industries. For more information on the Company, please log on to https://v-capital.co/. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, 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. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law. CONTACT INFORMATION: For media queries, please contact: VCI GLOBAL LIMITEDenquiries@v-capital.co
Consultancy Firm Secures Fifth Consecutive Success, Assisting Local Software Provider in Raising US$7 Million through Nasdaq IPO KUALA LUMPUR, Malaysia, March 14, 2025 /PRNewswire/ -- V Capital Consulting Group Limited ("VCCG", or the "Company") is pleased to announce the successful initial public offering (IPO) of its client, Sagtec Global Limited ("Sagtec"). The listing marks VCCG's fifth overall success on Nasdaq and the third IPO within the past year, highlighting the Company's expertise in guiding businesses to the global capital market. The corporate advisory firm, a subsidiary of VCI Global Limited (NASDAQ:VCIG), provides turnkey solutions for companies seeking to list on Nasdaq. With Sagtec's successful listing — the firm's third Nasdaq IPO within a year — VCCG has further solidified its growing presence in the IPO advisory space. This achievement underscores the company's commitment to guiding more Southeast Asian businesses to the global capital market. As Sagtec's IPO consultant, VCCG provided strategic guidance throughout the listing process, helping the software solutions provider raise US$7 million (approximately RM31 million) and achieve a post-listing valuation of over US$50 million (approximately RM221.4 million). Sagtec, which primarily serves the Food and Beverage (F&B) sector, saw its flagship product, Speed+, surpass 10,000 subscribers, reflecting 47% growth. In 2024, the company's revenue reached approximately US$11.63 million (approximately RM51.38 million), marking an 82.29% increase from the previous year. "This IPO is another step toward strengthening Malaysia's presence on Nasdaq, and we are thrilled to have supported Sagtec in reaching this milestone. With an expanding track record of listings and a commitment to empowering Southeast Asian companies, VCCG continues to pave the way for regional businesses seeking global capital market success," said Dato' Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. "This achievement reflects our team's dedication and the invaluable guidance of our advisors, whose expertise was essential in navigating the complexities of the listing process and positioning Sagtec for long-term success. With this Nasdaq listing, we're not just expanding globally but also redefining what's possible for Southeast Asia tech innovators – and this is just the beginning of an exciting new chapter for Sagtec," said Kevin Ng, Executive Director and Chief Executive Officer of Sagtec. About V Capital Consulting Group Limited V Capital Consulting Group, a spin-off and subsidiary of VCI Global (NASDAQ:VCIG), is a consulting firm specializing in capital market advisory services across pre-IPO, IPO, and post-IPO phases, as well as merger and acquisition advisory. Our team of experienced consultants is recognized for their in-depth knowledge and proven track record of delivering impactful results. With a core team of experts in corporate finance, capital markets, and legal advisory, we empower clients to navigate complex market landscapes, anticipate challenges, and seize business opportunities. To date, VCCG has successfully assisted notable companies in securing Nasdaq listings, including Founder Group Limited, YY Group Holding Limited, and others. About Sagtec Global Limited Sagtec specializes in customizable software solutions for the Food & Beverage (F&B) sector, offering table ordering, QR ordering, and self-service kiosk applications to enhance operational efficiency. The company also provides software development, CRM, invoicing, data management, and social media management for various industries, including Key Opinion Leaders (KOLs). Through its majority-owned subsidiary, CL Technologies, Sagtec operates power-bank charging stations at 300 locations across Malaysia. Its flagship product, Speed+, a smart ordering system on leased POS machines, streamlines order management and surpassed 6,800 subscribers in 2024, reflecting its growing market adoption. For more information, please visit https://www.sagtec-global.com/ . Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. These forward-looking statements are based only on our current beliefs, expectations, 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. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission ("SEC"). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.
AI Integrated Server (Available March 27) and Cloud AI Platform (Launching April 18) Eliminate GPU Costs and Lower AI Adoption Barriers KUALA LUMPUR, Malaysia, March 10, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”), a leading innovator in AI-driven enterprise solutions, announces its upcoming AI Integrated Server and AI Cloud Platform, designed to simplify AI adoption for businesses. By integrating DeepSeek’s lightweight, open-source large language models (LLMs), these solutions enable organizations to implement advanced AI without the need for costly graphics processing units (GPUs), complex model development, or specialized expertise. The platforms offer pre-integrated models for applications such as customer service, data analytics, and content generation, with built-in security and compliance features. Designed for organizations with or without dedicated AI teams, the solutions provide an intuitive Application Programming Interface (API) gateway, drag-and-drop workflows, and continuous support. Businesses can choose the AI Integrated Server, available March 27, for secure on-premises deployments in industries like healthcare and legal, or opt for the AI Cloud Platform, launching April 18, for flexible, on-demand access to AI capabilities. The demand for accessible and cost-effective AI solutions is accelerating market growth. According to Markets and Markets, the global cloud AI market is projected to reach approximately US$327.15 billion by 2029, with a compound annual growth rate (CAGR) of 32.4% from 2024 to 2029. Meanwhile, the AI server market size is expected to grow from US$39.23 billion in 2025 to approximately US$352.28 billion by 2034. This rapid growth highlights the increasing need for scalable AI infrastructure. By integrating advanced large language models (LLMs) with simplified deployment options, VCI Global’s solutions empower enterprises to adopt AI seamlessly. Organizations can enhance operations, streamline workflows, and reduce infrastructure costs — all without the complexity of traditional AI systems. “We have cracked the code for enterprise AI adoption by harnessing state-of-the-art open-source models and optimizing them for seamless deployment. With the launch of our AI Integrated Server and Cloud AI Platform, we are eliminating the biggest obstacle to enterprise AI adoption — high costs and technical complexity. Our goal is to make AI more accessible, secure, and scalable, so organizations can focus on driving innovation and growth,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. About VCI Global Limited VCI Global is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy. With a strong presence in Asia, Europe, and the United States, VCI Global is committed to driving technological innovation, sustainable growth, and financial excellence across multiple industries. For more information on the Company, please log on to https://v-capital.co/. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, 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. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law. CONTACT INFORMATION: For media queries, please contact: VCI GLOBAL LIMITEDenquiries@v-capital.co
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