Business
Treasure Global’s ZCITY App, Which Offers enogy Health & Wellness Products, Signs a Memorandum of Understanding with Malaysia’s Leading Healthcare Group, UCSI Hospital, to Pioneer Stem Cell Healthcare Tourism for Indonesia, Hong Kong and China
Through this partnership, TGL will further monetize its user base and expects a projected 100% monthly gross profit increase from this partnership NEW YORK
About this update from Treasure Global Inc.
[{"type":"text","content":"Through this partnership, TGL will further monetize its user base and expects a projected 100% monthly gross profit increase from this partnership\nNEW YORK and KUALA LUMPUR, Malaysia, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“TGL,” “Treasure Global” or the “Company”), an innovative technology solutions provider, today announced it has signed a Memorandum of Understanding with UCSI Hospital to formalize a partnership in promoting the Malaysia Healthcare Tourism program. ZCITY’s enogy, a provider of health and wellness products available in the ZCITY app, will play a significant role in the spearheading of health tourism and stem cell therapies in the Indonesia, Hong Kong and China markets. This will be executed in partnership with UCSI Hospital. TGL anticipates a substantial new revenue stream from Healthcare Tourism packages and commission earned on health screenings, exclusive sales, and the upselling of enogy healthcare products and added stem cell therapies offering that TGL will earn a commission on. TGL expects a projected 100% overall gross profit growth every month from this partnership. Management believes that this partnership will support additional revenue growth from new marketing and strategic alliances within the wellness tourism industry. “This collaboration signifies a pivotal juncture in our mission to redefine wellness experiences through innovative offerings. Integrated into Treasure Global’s Wellness Tourism program, stem cell therapies will elevate the well-being of our ZCITY Members,” said Sam Teo, Chief Executive Officer of Treasure Global. “Our partnership with enogy marks a significant milestone in our commitment to delivering cutting-edge healthcare solutions globally. Through the fusion of stem cell therapies and Wellness Tourism, we are set to embark on a transformative well-being journey,\" said Andreson J. Yu, Group Chief Commercial Officer of UCSI Healthcare Group. About Treasure Global IncTreasure Global is a Malaysian solutions provider developing innovative technology platforms. Treasure Global has developed two technology solutions: the ZCITY App, a unique digital ecosystem that transforms and simplifies the e-payment experience for consumers while simultaneously allowing them to earn rewards, and TAZTE, a digital F&B management system providing merchants with a one...