METAXCHANGE.AI, INC., Completes Acquisition of Grand San Miguel Marketing Sdn Bhd.
**Fort Lauderdale, FL / June 18, 2024** –
METAXCHANGE AI INC. is pleased to announce the successful acquisition of 81% of Grand San Miguel Marketing Sdn Bhd (GSMM), a prominent regional distributor of popular beer and alcoholic beverage brands in Malaysia and Singapore.
“June 18th marks a pivotal moment for METAXCHANGE AI INC.,” said Ahmad Moradi, Chairman and CEO. “Through a strategic blend of organic growth and acquisitions, we are committed to enhancing shareholder value. This acquisition propels METAXCHANGE AI from zero income to $2.5 million (10 million RM) in annual sales, making GSMM our inaugural step in brand distribution.”
Addressing the strategic shift, Moradi explained, “Our vision goes beyond superficial subscription models. By acquiring distribution networks, we now control the supply chain and connect directly with consumers. With the deprecation of browser cookies, our secure and private Data Clean Rooms (DCR), integrated with Identity Resolution and First Data Platform, will facilitate seamless connections between buyers and suppliers.”
In line with this vision, METAXCHANGE AI plans to launch an exclusive Beer Club platform. This members-only platform will feature real-time interactive spaces where suppliers can engage with consumers. Beer Club members will enjoy virtual private spaces with live streaming events, contests, and games, enhancing their social and entertainment experiences.
“Additionally, MXCG.AI will introduce Digital Human Streaming Avatars for real-time interaction within Beer Club Rooms,” added M. Vijjay, COO. “These avatars will facilitate karaoke, face-to-face interactions, and sponsored social events for the non-Muslim population in Malaysia and Singapore aged 21 and above.”
Vijjay further stated, “Our goal is to integrate a new intelligent vision into our supply chain, boosting consumer satisfaction and creating engaging customer journeys. The Beer Club platform will serve as a gateway to virtual fun, fostering brand loyalty through annual memberships and offering discounts to members.”
About METAXCHANGE.AI, INC.
METAXCHANGE AI INC. delivers real-time AI-integrated services, including the integration of Human Avatars within Data Clean Rooms (DCR). Our platform, KROOM, provides secure and private clean rooms for both our own and clients’ needs. Utilizing AI and Machine Learning, we enhance brand and customer journeys. KROOM ensures authenticated content delivery post-cookie deprecation through our Interactive Content Delivery Network (ICDN), supporting video, audio, and text integration for advertisers and brands. For more information, visit [https://metaxchangeai.com]
Forward-Looking Statement
This news release contains forward-looking statements as defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements in this press release include beliefs, plans, expectations, or intentions regarding future developments. Actual results may differ due to various factors, including the inherent uncertainties in new business ventures and development stage companies. These statements are made as of the date of this release, and we undertake no obligation to update them, except as required by law. Investors should consider the risk factors disclosed in our annual report and registration statement.
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