Wall Street Researcher
BREAKOUT
SOCIETY PASS INC
SOPA NASDAQ
Revs Up 4000% – Target $5.00
These Shares Could Triple
Next Resistance Level $3.07
Major Acquisition Drives These Shares Higher
Society Pass (SoPa) Launches Society Pass (Beta Version)/Society Points Targeted at the Digital First Southeast Asia Region
These shares are now in BREAKOUT TERRITORY advancing in premarket more than 20% Fri June 3 . Breaking above its 50 day moving average on high volume these shares are ready to soar.
These shares are driven by a recent acquisition of Gorilla Networks a leading next generation blockchain/web3 mobile virtual network.
With $33 million in cash on hand ( May 17, 2022 ) and revenues soaring more than 4,582 % these shares could top its 50 day M/A of $2.42 followed by a quick test of its 100 day M/A of $3.33 .
Maxim Research places a $5.00 target on these shares which would be a 3 fold increase on SOPA’s current share price.
Volume has recently diminished from a 100 day moving average of 4.6 million shares to under 1 million shares, indicating that all sellers have now exited the stock . BUYERS ONLY – now should relieve any downside pressure and propel these shares to more realistic levels
These shares are now in BREAKOUT TERRITORY crossing solidly above its 5 day M/A $2.08 testing $2.42 then testing its $5.00 target projection by Maxim . All serious investors must immediately place these shares on their BUY LIST
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Society Pass (SoPa) Launches Society Pass (Beta Version)/Society Points Targeted at the Digital First Southeast Asia Region
With More Consumers Demanding Innovative Incentives, Society Pass Offers a Seamless Experience to the Digitally and Financially Savvy Customers in the Region
Singapore, June 27, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Society Pass Incorporated (SoPa) (Nasdaq: SOPA), Southeast Asia’s leading data-driven loyalty and e-commerce ecosystem, today announces the launch of the beta version of its universal, open-loop loyalty application, Society Pass , to earn and redeem loyalty points, Society Points , endeavouring to create permanent customer loyalty and replace cash discounting whilst generating additional revenues for merchants.
Prospective consumers and merchants can now download the beta version of Society Pass on:
- Apple Store (https://apps.apple.com/us/app/society-pass/id1629605732) or
- Google Play (https://play.google.com/store/apps/details?id=com.sopa.loyalty ).
Digital loyalty programs are key to customer retention within highly competitive verticals and now call for interconnected experiences more than ever. E-commerce shoppers demand multiple touchpoints to purchase goods and services, earn redeem loyalty points, and refer friends with frictionless ease. Society Pass’ multi-brand ecosystem allows consumers to earn and redeem points at numerous types of retailers, whilst facilitating a unified approach to customer rewards and incentives for merchants.
SoPa management expects to fine-tune and integrate the beta version of its loyalty platform with selected groups of consumers and merchants in Vietnam, Indonesia, Philippines, Thailand, and Singapore in 2H 2022. With the view of hard launching the loyalty platform in 4Q 2022, at such time, users can pay for goods and services in-store, in-app or online. Society Pass’ digital wallet allows users to pay for goods and services by scanning QR Codes and making payments via credit card, debit card, or Society Points. SoPa aims to provide an easy and convenient online e-commerce shopping experience, with a single UI/UX that integrates with all the businesses within its ecosystem.
Dennis Nguyen, Founder, Chairman and Chief Executive Officer of SoPa comments on the launch of the beta version of Society Pass, “The Southeast Asian retail sector is at the cusp of a massive transformation powered by the data driven meta economy. We designed a gorgeous user interface backed by sophisticated backend infrastructure to kickstart a virtuous cycle of revenue generation and loyalty creation, where Society Pass and Society Points generates more revenues for merchants by retaining existing customers, attracting new customers, reducing customer turnover and syncing customer data through real-time, personalised marketing campaigns. SoPa aggregates data across various touch points which builds a realistic view of consumer behavior.
“As we said in our IPO last November 2021, we introduce Society Pass in 2Q 2022 with the view of creating permanent customer loyalty for merchants by designing unique, personalised experiences for consumers and making shopping even more rewarding across our family of brands. Our business strategy encourages cross-vertical shopping, ultimately keeping an increasing share of wallet within SoPa’s ecosystem. We are confident that our customers will redirect their spend to where they gain the most value: our loyalty program,” he adds.
About Society Pass
As a loyalty and data marketing ecosystem and focused on expanding its operations in the VIP + TS (Vietnam, Indonesia, Philippines, Thailand, and Singapore) markets of SEA, SoPa is an acquisition-focused e-commerce holding company listed on Nasdaq (Nasdaq: SOPA) operating 8 interconnected verticals (loyalty, merchant software, lifestyle, F&B delivery, telecoms, digital media, travel, and F&B ordering) with connecting millions of consumers and thousands of merchants in SEA.
Society Pass business model focuses on analysing user data through with its Society Pass loyalty platform and circulation of its universal loyalty points or Society Points, which seamlessly connects consumers and merchants across multiple product and service categories to foster organic loyalty. Since its inception, SoPa has amassed over 1.6 million registered consumers and over 5,500 registered merchants/brands on its platform. It has invested 2+ years building proprietary IT architecture with cutting edge components to effectively scale and support its consumers, merchants, and acquisitions.
Society Pass provides merchants with #HOTTAB Biz and #HOTTAB POS – a specialized POS technology solution, a comprehensive system for payment, loyal customer management, user profile analytics, and convenient financial support packages for small and medium-sized enterprises.
In addition, SoPa operates Leflair.com , Vietnam’s leading lifestyle e-commerce platform, Pushkart.ph , a popular grocery delivery company in Philippines, Handycart.vn , a leading online restaurant delivery service based in Hanoi, Vietnam, and Gorilla Networks , a Singapore-based, blockchain/web3-enabled mobile virtual network operator.
Society Pass (SoPa) Acquires Singapore-based Gorilla Networks, a Next-Gen Blockchain/Web3 Mobile Virtual Network Operator to Drive SEA’s Growing Demand for a New Meta-Economy Experience
- Society Pass (SoPa) makes its first Singapore acquisition, Gorilla Networks, a leading next generation Blockchain/Web3 mobile virtual network operator (“MVNO”).
- Gorilla Networks is the first blockchain/Web3-enabled MVNO to offer contract-free, on-demand mobile service as non-fungible tokens (“NFTs”). Users convert unused mobile data into digital assets- Gorilla GO tokens
- With mobile data network coverage in over 160 countries, Gorilla Networks expects to dramatically increase its user base and expand throughout Southeast Asia with the rebound of the travel market in 2Q/3Q 2022
- SoPa will incorporate Gorilla Networks’ proprietary blockchain/Web3 technology onto the rest of SoPa ecosystem to drive SEA’s growing demand for a new meta-economy experience
SINGAPORE, June 03, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Society Pass Incorporated (“SoPa”) (Nasdaq: SOPA), Southeast Asia’s leading data driven loyalty and ecommerce ecosystem, announced today that it acquired Singapore-based Gorilla Networks Pte Ltd (“Gorilla”), a leading next generation Web3-enabled MVNO.
Established in Singapore in 2019, Gorilla utilises Web3 technology to operate a MVNO for its users in Southeast Asia. With network coverage to over 160 countries, Gorilla offers a full suite of mobile communication services such as local calls, international roaming, data, and SMS texting. More importantly, Gorilla enables its customers to convert unused mobile data into digital assets or Gorilla GO Tokens through its innovative proprietary blockchain-based SwitchBack feature. Gorilla GO Tokens in turn can be redeemed for eVouchers, to offset future bills, or be redeemed for other value-added services.
With the rebound of the travel market throughout Southeast Asia in 2Q/3Q 2022, Gorilla expects to dramatically increase its customer base by marketing to the region’s business and leisure travellers with its user-friendly technology platform. It plans to expand its MVNO services offering to Vietnam, Thailand, and Malaysia over the next 12 months.
Dennis Nguyen, Society Pass Founder, Chairman and Chief Executive Officer, explained, “We are excited to make our first acquisition in Singapore, and welcome Gorilla into our SoPa family. Gorilla’s technology platform aligns well with our acquisition strategy as we incorporate Gorilla’s blockchain and Web3 capabilities into the SoPa ecosystem and enable the new meta-economy for all our portfolio companies. From our Leflair lifestyle e-commerce platform to our Pushkart/Handycart F&B delivery services, as we roll out the Society Pass loyalty platform in the coming months, we leverage Gorilla’s technology to drive customer retention for merchants and create innovative revenue models for our ecosystem.”
“When we started Gorilla Networks three years ago, our vision was to build a democratised mobile communications service platform where users regardless of nationality, home location or mobile subscription plans can access essential telecoms services such as roaming and mobile data anywhere and everywhere throughout the world. Gorilla is currently transitioning existing web 2 telco services onto the web3 economy by tokenising mobile data as digital assets. In 2021, we digitised eSIMS, data plans, and mobile numbers as NFTs, which dramatically transformed how our users purchase, interact and experience mobile services. By joining forces with SoPa’s extensive ecosystem and large user base in Southeast Asia, we are thrilled about the combined marketing capabilities we will now bring collectively to our partners and customers,” exclaimed Xanne Leo, Founder and Chief Executive Officer of Gorilla Networks.
Society Pass leverages cutting edge technology to tailor an unprecedented experience for the next generation customers in the purchase journey and to transform the entire retail value chain in Southeast Asia. Through the acquisitions of market-leading companies and partnerships with visionary entrepreneurs in six distinct B2C e-commerce verticals: lifestyle, food & beverage delivery, travel, digital marketing, telecoms and food and beverage ordering, the Company meets SEA’s growing demand for a new meta-economy experience.
About Society Pass
As a loyalty and data marketing ecosystem, Society Pass operates multiple e-commerce platforms across its key markets in SEA. Its business model focuses on analysing user data through the expected launch of its Society Pass loyalty platform and circulation of its universal loyalty points, which seamlessly connects consumers and merchants across multiple product and service categories to foster organic loyalty. Since its inception, SoPa has amassed over 1.6 million registered consumers and over 5,500 registered merchants/brands on its platform. It has invested 2+ years building proprietary IT architecture with cutting edge components to effectively scale and support its consumers, merchants, and acquisitions.
Society Pass provides merchants with #HOTTAB Biz and #HOTTAB POS – a specialized POS technology solution, a comprehensive system for payment, loyal customer management, user profile analytics, and convenient financial support packages for small and medium-sized enterprises.
In addition, SoPa operates Leflair.com , Vietnam’s leading lifestyle e-commerce platform, Pushkart.ph , a popular grocery delivery company in Philippines, and Handycart.vn , a leading online restaurant delivery service based in Hanoi, Vietnam.