Our business involves the development of mobile applications for merchant
and consumer use. We have two different types of mobile applications, an application
designed for consumers (the “Vgrab Application”) and an application
designed for merchants (the “Vgrab Merchant Application”). We also
have an online platform that we are developing to sell online goods (the “Vmore
Platform”), and are working on addition of a new video service portal,
Vmore Video, which will focus on filming and supplying HD and 360-degree short
videos with an emphasis on sports and extreme sports. In addition, we provide
marketing services to merchants including advertising on our website and in
our newsletters.
The Vgrab Application: The Vgrab Application is a free mobile voucher application
developed for smartphones using the Android and Apple iOS operating systems
and allows users to redeem vouchers on their smartphones at a number of retailers
and merchants. Users that download the app and sign up for a free Vgrab account
will be provided with vouchers for discounts and other promotions on certain
products and services. Vgrab’s users will have access to an array of exclusive
products and/or services that will be available for purchase using accumulated
Vgrab “points” and/or through various e-commerce payment methods.
The available products will be tailored - statistically - to a user’s
buying preferences both in proposed variety and value range.
The Vgrab Merchant Application: The Vgrab Merchant Application is a user-friendly
mobile application for merchants who wish to advertise their products and services.
We provide a platform which enables them to dynamically create and publish their
vouchers for products/services all in one single merchant application. The use
of vouchers will allow merchants to gain more publicity through distribution
of free vouchers to users of Vgrab Application.
The Vmore Platform: The Vmore Platform is an online shopping website in Malaysia.
The website is designed to allow merchants to sell their goods to website visitors.
Visitors who sign up for a paid membership will have access to an exclusive
selection of goods and services. The platform itself, among other technologies,
will incorporate geo-targeted advertising and user data statistical analysis,
which will enable us to provide our customers with highly personalized content.
The Vmore Video: Vmore Video is currently in an early development stage. It
is being designed as an online video streaming service where viewers from all
around the world will be able to upload, search for and view short sports and
extreme sports videos in high definition as well as using the latest trend of
360-degree video. With the ever-growing need for social media, Vmore Video will
utilize many of the popular social media sites to showcase its business and
services, and to drive further traffic to Vgrab’s online platform. As
additional service, Vmore Video will provide professional editorial services
by its newly assembled production team tasked with reviewing uploaded clips
and editing the content to improve their quality and content with latest trends
as they emerge in today’s fast pace world of technology.
Our applications and the platform will be able to connect both consumer and
business in a seamless way bringing significant value and exclusivity. By improving
Vgrab technology we will be able to filter information about consumer and merchant
browsing behavior. This will allow our customers to create and save electronic
shopping lists including available to them vouchers without a need to print
or cut coupons. In addition, our cloud sharing technology will be able to deliver
to our customers and merchants various information packages.
Our primary markets for our products are currently located in Asia, focusing
mainly on Malaysia.
During January 2018, our new management team led by Mr. Lim Hun Beng, the Company’s
President and Chief Executive Officer, together with Mr. Liong Fook Weng, the
Company’s Chief Financial Officer, conducted an overall review of the
Company’s strategic plans with a view to complement and enhance the current
and new business plans and goals.
The management decided that the Company will retain its current core business
strategies which comprise Vgrab and Vmore marketing and advertising platforms;
in addition, the new management team sees an opportunity to add several additional
business units which will allow expanding the current business platforms, directly
or through strategic partnerships, to new markets. Some of the markets that
the Company is considering are healthy lifestyles and ecommerce, as well as
geographical expansion to South East Asia and China. The development of the
new business strategies will begin in the second quarter of our Fiscal 2018.
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