Starbox A.I. Calculation Engine Marks a Significant Breakthrough in the Emerging Ecosystem of Rebates
22 Marzo 2023 - 12:30PM
Starbox Group Holdings Ltd. (Nasdaq: STBX) (the “Company” or
“Starbox Group”), a service provider of cash rebates, digital
advertising, and payment solutions, today unveiled its A.I.
Calculation Engine, a powerful system that enables automatic rebate
distribution based on comprehensive big data from both in-house and
real-time market sources, including sentiment data. The Starbox
A.I. Calculation Engine operates dynamically based on the big data
as well as prevalent market sentiment, with an aim to maximize
rebate earnings for its clients.
Mr. Lee Choon Wooi, Chief Executive Officer and
Chairman of the Board of Directors of Starbox Group, commented, "We
are greatly pleased with the significant advances we have achieved
through the synergistic combination of A.I. technology and data
management. Starbox has been in the rebate industry for years, and
we anticipate that our A.I. Calculation Engine will greatly enhance
our database query accuracy, classification, cataloguing, and
performance. We are confident that the enhanced Starbox A.I.
Calculation Engine will improve our productivity and optimize our
processes, allowing us to gain a more profound understanding of our
members and merchants. We may also license the system to other
rebate-oriented businesses. Moreover, we are poised to better
target potential clients and enhance the overall efficiency of our
rebate distribution system, thus delivering continued growth in our
revenue streams. At Starbox, our steadfast commitment is to
continually leverage the power of technology to enable the rapid
growth of our business.”
About Starbox Group Holdings
Ltd.
Headquartered in Malaysia, Starbox Group
Holdings Ltd. is building a cash rebate, digital advertising, and
payment solution business ecosystem targeting micro, small, and
medium enterprises that lack the bandwidth to develop an in-house
data management system for effective marketing. The Company
connects retail merchants with retail shoppers to facilitate
transactions through cash rebates offered by retail merchants on
its GETBATS website and mobile app. The Company provides digital
advertising services to advertisers through its SEEBATS website and
mobile app, GETBATS website and mobile app and social media. The
Company also provides payment solution services to merchants. For
more information, please visit the Company’s website:
https://ir.starboxholdings.com.
Forward-Looking Statements
Certain statements in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company’s current expectations and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as “approximates,” “assesses,” “believes,”
“hopes,” “expects,” “anticipates,” “estimates,” “projects,”
“intends,” “plans,” “will,” “would,” “should,” “could,” “may” or
similar expressions. The Company undertakes no obligation to update
or revise publicly any forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company
cautions investors that actual results may differ materially from
the anticipated results and encourages investors to review other
factors that may affect its future results in the Company's
registration statement and other filings with the U.S. Securities
and Exchange Commission.
For more information, please
contact:Starbox Group Holdings Ltd.
Investor Relations DepartmentEmail: ir@starboxholdings.com
Ascent Investors Relations LLCTina XiaoPhone:
+1 917-609-0333Email: tina.xiao@ascent-ir.com
Grafico Azioni StarBox (NASDAQ:STBX)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni StarBox (NASDAQ:STBX)
Storico
Da Dic 2023 a Dic 2024