New World Investor
7 months ago
Outstanding Shares 54,355,661
Restricted 46,672,690
Unrestricted 7,682,971
Held at DTC (FLOAT) 1,551,466 as of 05/28/2024
repoman
2 years ago
Australian Resimax Group Signs On For Web 3.0 Brand Activation With Marvion
PR Newswire
SINGAPORE, Feb. 7, 2023
SINGAPORE, Feb. 7, 2023 /PRNewswire/ -- Metaverse Blockchain company Marvion, a fully owned subsidiary of Bonanza Goldfields Corp. (OTC:BONZ), is pleased to share that Resimax Group, one of Australia's most dynamic and diversified property groups, has signed on with Marvion to kickstart its Web 3.0 brand activation initiatives to tap into the fast growing Web 3.0 market.
Resimax's Brand Activation Campaign with Marvion
Resimax Group is one of Australia's largest privately-owned property groups. They provide fully-integrated specialists in end-to-end services from land acquisition through to project marketing and property management. With the agreement in place, Resimax Group will be minting and selling digital ownership tokens (DOTs) as part of its DOT Brand Campaign.
Marvion will facilitate the design and creation of artworks for the purpose of minting of DOTs, as well as mint a collection of digital ownership tokens. The DOTs will be created by utilising distributed ledger technologies and non-fungible token ("NFT") technology with a unique identifier to reflect the digital ownership title to a tangible or an intangible asset by embedding legally binding ownership documentation into the metadata of the DOT and securing such metadata on a blockchain. The DOTs will be on sale on Marvion's Metastudio.
Commenting on Resimax's Web 3.0 brand activation campaign with Marvion, Ken Dodds, Director of Resimax Group said, "Over the past decade, Resimax Group has established itself as one of Australia's most dynamic and innovative businesses. We've also earned a reputation for providing property investors with outstanding opportunities while maintaining
a firm property focus, and still successfully managed to diversify into a range of affiliated industries including investment, volume building, property management and development. With the Web 3.0 brand activation campaign in place, we look forward to tap into the greater Web 3.0 market to reach out to more customers with our innovative property offerings."
Andrew Ladd, Director of Sales and Marketing at Resimax Group added, "We are very excited to be working with Marvion to further upgrade our existing RGI Rewards program with the use of blockchain and smart contracts. Our RGI Rewards program have been running since 2019 and we have close to 4,000+ international members and we look forward to working with Marvion to give more value to our members and community."
Raymond Chua, CEO of Marvion summed up the collaboration with Resimax Group by saying, "We are glad to have Resimax Group onboard for the Web 3.0 brand activation campaign. As this is a new business initiative from Marvion offering business solutions to companies who envisage themselves delving into the Web 3.0 space, we are fully focused on tapping on our expertise and technology know-how to achieve successful results for our clients. Through Marvion's "Brand Activation Campaign", we aim to provide an end-to-end service to help businesses adopt and responsibly implement blockchain technologies to add value to their business as a whole."
For more information on Marvion and its metaverse offerings, please visit www.marvion.media.
repoman
2 years ago
OTC DISCLOSURE & NEWS SERVICE
Total Revenue for the first nine months of 2022 spikes 3,681% to $6.5 Million as Compared to the Prior Year
Press Release | 11/10/2022
Total Revenue for the first nine months of 2022 spikes 3,681% to $6.5 Million as Compared to the Prior Year
PR Newswire
SINGAPORE, Nov. 10, 2022
The media and entertainment segment of the Group is showing strong growth for the first nine months. On a quarter-to-quarter basis, revenue jumped from US$13,677 in 2021 Q3 to US$5,421,280 in 2022 Q3 β resulting in a 39,638% increase
SINGAPORE, Nov. 10, 2022 /PRNewswire/ -- Metaverse Blockchain company Marvion, a fully owned subsidiary of Bonanza Goldfields Corp. (OTC:BONZ), is pleased to announce that the Group has released the latest financial results for 2022 Q3.
Some of the financial highlights are:
For the nine months ended September 30, 2022, BONZ generated revenue of US$6,515,287 and had about US$5.22million worth of media inventory and US$25,711 cash on hand. The comprehensive loss for the first nine months was US$9.62million with technology and development cost (of about US$8.73million) contributing to most of the expenses.
For the first 9 months, there were 3 revenue sources β sale of licensed IP right and media products, transaction fee income and consulting service income; with each source contributing approximately US$6.37million, US$117,843 and US$24,735, respectively. The sale of licensed IP right and media products as well as transaction fee income are new revenue engines while consulting service income dropped from US$177,017 in 2021 to US$24,735 for the corresponding period in 2022. This shows that the company is moving away from the non-scalable consulting service to a more scalable business model.
Commenting on the 2022 Q3 results, Raymond Chua, CEO for Marvion, said, "The team has worked hard for the last few months and I think the results speak for itself. We aim to build upon these results to keep Marvion growing to the next level. From the expense perspective, we have been investing quite heavily in technology development and we are confident that these investments will pay dividends in the long run."
"The company has planned a strong pipeline of products and we look forward to bringing them to market in due course. At the business development end, I have worked with the team to line up a strong pipeline of customers. All in all, I am really looking forward to rolling these products and services out, and I strongly believe that we will see our market share in the Web 3.0 grow in the coming months," Raymond added.
For more information on Marvion as well as the latest 10Q results, please visit www.marvion.media.