Value Exchange International, Inc. Provides Business Update and Initiates the Process of Up-Listing to a National Securities Exchange
HONG KONG SAR - Media OutReach Newswire - 9 August 2024 - Value Exchange International, Inc. (OTCQB: VEII) ("VEII" or the "Company") announced today recent efforts to achieve VEII's strategic vision for the future and deliver value for our shareholders and business partners.
National Securities Exchange Listing Upgrade Plans
VEII has initiated the process of uplisting our Common Stock from OTC QB Venture Market to listing on a national securities exchange. The Company believes an uplisting would provide greater access to capital, increased liquidity for the Common Stock and a stronger capital market platform for strategic growth and innovation.
Business Updates
VEII has spearheaded the installation of Electronic Shelf Labels ("ESL") systems in retail stores across Malaysia, Thailand, the Philippines, and Hong Kong. We have expanded our esteemed clientele base with orders for two stores set to be deployed in August in the Philippines. Looking ahead, VEII is exploring opportunities to deploy our ESL technology in the EU, reflecting our commitment to global growth.
Innovative Product and Service Developments
In line with our expanding ESL business, VEII is addressing the retail industry's need for instant paper price tag changes. Our ESL Manager App now integrates with mobile printing technology, enabling on-the-spot, instant printing of paper price tags. This innovation is set to significantly increase our service coverage across global chain stores, which are yet to be considered for ESL deployment.
Furthermore, in the month of July, VEII has introduced a new 4-color ESL that is being deployed in stores in Johor Bahru, Malaysia and has gotten maiden orders of Android TV Box placed by a renowned electronics retail chain in Hong Kong.
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The issuer is solely responsible for the content of this announcement.
About Value Exchange
VEII is a U.S. holding company headquartered in Hong Kong, with offices in Shenzhen, Guangzhou, Shanghai, and Beijing China, Manila and Kuala Lumpur. The Company provides integrating, market- leading Point-of-Sale/Point-of-Interaction (POS/POI), Merchandising, CRM & Reward, Locational Based (GPS & Indoor Positioning System (IPS)) Marketing, Customer Analytics, and Business Intelligence solutions. Company's retail POS solutions process tens of millions of transactions per year at approximately 20,000 retail outlets in Asia.
For more information, please visit: https://www.valueexch.com/. Contents of URL are not incorporated herein.
Forward-looking Statements: This press release may contain forward-looking statements regarding Value Exchange International, Inc. and its operating subsidiaries (collectively, the "Company") within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: prospects of future growth from expansion of business efforts (like ESL) or of actually achieving an uplisting of the Common Stock to a national securities exchange; the likelihood that the Company will continue to deliver and financially benefit from its core information technology services business; the financial outlook of the Company; the general ability of the Company to achieve its commercial objectives, including the focus on higher profit work, to operate as a going concern and fund essential working capital needs in a timely manner; ability to attain and maintain adequate internal controls and systems necessary to timely file required reports; ability of Company to find affordable, adequate funding for any future expansion of Company's business and markets; ability of Company to properly manage and integrate any future acquisitions or manage any expanded operations; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," "hopes," "anticipates," "excited," "seeks," "should," "could," "intends," or "projects" or similar and variant expressions and involve known and unknown risks and uncertainties. These statements are based upon the Company's current expectations and speak only as of the date hereof. The Company's actual results in any endeavor may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, which factors or uncertainties may be beyond our ability to foresee or control. Other risk factors include the status of the Company's common stock as a "penny stock" and status as a smaller reporting company as well as those listed in Company's Form 10-K Annual Report for the fiscal quarter ended December 31, 2023, Form 10-Q quarterly report for the quarter ended March 31, 2024 and other reports posted on The OTC Markets Group, Inc. website and filed with the Securities and Exchange Commission, which can be viewed at www.sec.gov.
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