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Integrated Media Technology Limited Announces Signing of Durian Supply Agreement | 2022-01-28 | Press Releases

SYDNEY and Kuala Lumpur, Malaysia, January 28, 2022 /PRNewswire/ — Integrated Media Technology Limited (NASDAQ: IMTE) (“IMTE” or the “Company”), today announces its subsidiary, World Integrated Supply Ecosystem Sdn. Bhd. (“WISE”) has signed a supply agreement with CSL Durian Holding Sdn. Bhd. (“CSL Durian”) for WISE to be a preferred distribution partner of CSL Durian for durian fruits also known as King of Fruits for the upcoming 2022 season which starts from March. This is the first product managed by WISE for sale in the Asia and China markets. WISE is a Malaysia company specializing in providing Halal certification to qualified businesses/operations, setting up the supply chain of Halal products and selling Halal products.

CSL Durian grows durian fruit in Malaysia including the popular “Musang King durian (variety D197)” one of the best durian in the world. Dato’ Megat Radzman, CEO of WISE, said, “We are thrilled to bring this famous Malaysia produced via our Halal platform. This durian supply agreement will allow us to more easily access and enter new markets such as China, South East Asia, United States and Canada markets, where we could also promote our Halal certification, products and services.

The durian market is worth $17.6 billion in 2018 and continues to grow due to the popularity in the China Marlet. Dato’ Radzman added, “WISE will focus on building a supply chain for fruits and foodstuffs for sale and distribution in Asia, China and Europe, to be brought to our online Halal trading platform once developed. Currently, our strategy is to promote and bring our halal products into these markets. We plan to start the Halal certification process in the second half of the year. »

Mr. Xiaodong ZhangCEO of IMTE, said, “This is the first step in building the halal ecosystem. We will work to develop the online halal trade platform to bring these fruits and food products to our online marketplace for traders and consumers.

About World Integrated Supply Ecosystem Sdn. Bhd. (“WISE”)

WISE is a Malaysia company specializing in providing Halal certification to qualified businesses/operations, setting up the supply chain of Halal products and selling Halal products.

About Integrated Media Technology Limited (“IMTE”)

IMTE is an Australian company specializing in the manufacture and sale of nano-coated plates for filters, the manufacture and sale of electronic glass, the operation of an online exchange platform for the trading of digital assets and the provision of financial research. For more information, please visit www.imtechltd.com.

Safe Harbor Statement

This press release contains certain statements which may include “forward-looking statements”. All statements other than statements of historical facts included herein are “forward-looking statements.” These forward-looking statements, often identified by the use of forward-looking terminology such as “believes”, “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they involve assumptions, risks and uncertainties, and such expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements due to a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements.

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SOURCE Integrated Media Technology Limited


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