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INTEGRATED MEDIA TECHNOLOGY LIMITED ANNOUNCES MEMORANDUM OF UNDERSTANDING TO DEVELOP SOURCING CHANNEL OF HALAL PRODUCTS IN THAILAND
SYDNEY and NEW YORK, June 9, 2022 /PRNewswire/ -- Integrated Media Technology Limited (NASDAQ: IMTE) ("IMTE" or the "Company"), announces today that the
About this update from Integrated Media Technology Limited
[{"type":"text","content":"SYDNEY and NEW YORK, June 9, 2022 /PRNewswire/ -- Integrated Media Technology Limited (NASDAQ: IMTE) (\"IMTE\" or the \"Company\"), announces today that the Company's subsidiary World Integrated Supply Ecosystem Sdn. Bhd. (\"WISE\") has entered into a memorandum of understanding with Central Islamic Council of Thailand (CICOT), the Halal Standards Institute of Thailand and the Halal Science Center Chulalongkorn University Thailand (together as \"Thailand Partners\"), to establish a strategic partnership to collaborate in Halal affairs including establishing standards, inspection, certification, Halal forensic science laboratory and research exchanges.\n\nThe Thailand Partners are to actively provide and assist WISE to procure Halal products in Thailand. The Thailand Partners are well placed in the Thailand markets to identify Thai companies for collaboration in purchasing process, quality control, risk assessment, and operation management. In addition, the parties will actively develop innovative online cooperation to promote Halal products through online platform events and trade promotions, as well as on organizing joint academic events such as online training courses, conferences and seminars. The parties shall also share resources including the use the name and logo of the Thailand Partners on marketing materials and websites as a \"strategic partner\".\nMr. Xiaodong Zhang, IMTE's CEO stated, \"Thailand is one of the world's most important food producers with huge production and export potential for Halal products. We look forward to working with these 3 esteemed organizations to develop Thailand as one of our key strategic sourcing channels. This MOU lays the foundation for sourcing an array of Halal products to our European distributors and will boosted our Halal business in Southeast Asia and the world.\"\nAbout Central Islamic Council of Thailand (\"CICOT\")\nCICOT is the government body responsible for the certification, monitoring, and supervision of Halal products in Thailand, as well as Islamic affairs for The Muslim people of Thailand. The Kingdom of Thailand is an observer, represented by CICOT and the Halal Standards Association of Thailand (HSIT). The CICOT's main activities and services are government consultation, Halal product certification, Halal publicity and promotion through publications, radio, television...