My Rewards International (ASX:MRI) has been featured in Stockhead discussing the Company's strong foundation as it heads to its next phase of growth, to be listed on the ASX.
The article states:
"Company Chairman, David Vinson said MRI’s established market footprint across multiple verticals gives it a competitive advantage, in a market where a number of ecommerce stocks are facing Omicron-linked logistics challenges."
MRI is a fast-growing global AI technology platform focusing on fintech and ecommerce by providing rewards, recognition, and loyalty programs for corporates and consumers.
Raising $5m from investors at 20c per share, David Vinson, Chairman of MRI says:
“So it was important to us that we didn’t take advantage of those market conditions. Our valuation point has always been lower — we want to be realistic and build value for shareholders by coming to market with a more conservative valuation.”
My Rewards plans on using the money raised from its IPO towards its targeted, global growth strategy, putting capital in key growth areas like the Malaysian market and leveraging its strategic partnership with Ria.
David Vinson, Chairman, My Rewards International
Read the full Stockhead article here.
To learn more about My Rewards International, or the consumer loyalty sector as a whole, subscribe to the Company's Chairman's List below.