VCI Global To Distribute AI-Based State Of The Art “Socializer Messenger” For Cogia GmbH
20 June 2023 - 9:28PM
VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”)
announced it has been appointed by Cogia GmbH as the latter’s
distributor for the promotion and sale of its communication
application known as “Socializer Messenger”.
The “Socializer Messenger” is a game changing,
complete communication suite. On top of the basic conventional
services being offered by other messaging devices, this AI-based,
military grade messenger elevates communications to four additional
dimensions namely privacy, security, business and administration.
In short, it is a secured all-in-one communication tool with full
data encryption and privacy protection.
“Socializer Messenger” is owned and controlled
by Cogia GmbH, a software company based in Germany, with extensive
experience in software development, in AI, text mining, web
monitoring and cyber security.
VCIG is granted an exclusive distributorship
within the Southeast Asian countries and non-exclusive
distributorship for areas outside Southeast Asia to, amongst
others, promote, market and distribute this messenger. For its
role, VCIG shall be entitled to a percentage of the revenue
generated from the sales of the messenger.
Once formalised, this distributorship is for a
period of two years and will automatically be renewed for an
additional year.
“Humbled would not truly describe our
appreciation to Cogia as we offer our vast networking platform to
Cogia to tap into for the distribution of its communication
application, in particularly, to this part of the region. This
(distributorship) will open up yet another revenue stream for us
which will undoubtedly increase VCI Global’s value,” said Dato’
Victor Hoo, Group Executive Chairman and Chief Executive Officer of
VCI Global.
"We are excited to leverage on VCI Global's
expertise and extensive network to establish a strong presence,
provide tailored AI and secure communication solutions to meet the
evolving needs of the Southeast Asian markets," said
Pascal Lauria, Founder and Chief Executive Officer of Cogia
GmbH.
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/.
About Cogia GmbH
Cogia GmbH is a software company based in
Frankfurt am Main, Germany, founded in 2010. The company offers
AI-based, fully privacy-compliant solutions in the areas of secure
communications, cybersecurity, Big Data Analytics and web
monitoring. The customer portfolio includes major companies from
many industries, including Volkswagen, BMW, IPSOS, Lufthansa and
the government of an EU state.
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
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