PETALING JAYA, Malaysia, April 15, 2021 (GLOBE NEWSWIRE) — Toga Limited’s (OTC: TOGL) wholly-owned subsidiary, TOGL Technology Sdn Bhd (“TOGL Technology”) has been selected for the prestigious GAIN program run by the Malaysia Digital Economy Corporation (MDEC).
The Global Acceleration & Innovation Network (GAIN) program – a program under MDEC, a government-owned agency launched in 1996 – is designed to catalyze the expansion of Malaysian and Malaysia-based technology companies that have the potential to become global players, ultimately building more Malaysian global tech icons. They facilitate tech companies’ expansion into the overseas market through Business Support Ecosystems and business matching sessions established through their eight tech ecosystems in Australia, Cambodia, Japan, Indonesia, the Philippines, Thailand, United Arab Emirates, and Vietnam.
“It is an honor for TOGL Technology to be selected for the GAIN program as the program has strict guidelines around selecting Malaysian companies with strong financials, global aspirations, and forward-looking leadership, as well as scalable and innovative technology products and solutions,” said TOGL Technology Chief Technology Officer, Mr Freddy Chia Kah See. “With strategic collaborations with key stakeholders under our Business Support Ecosystems, we believe we will be well-positioned to take advantage of the ready-access to scale-up our business. Being part of the transformation of Malaysia’s digital economy is a testimony to our innovation, vision and achievements. We look forward to working closely with MDEC as it provides clear end-to-end expansion support for Malaysian tech companies, such as ours, at all growth stages.”
Alexander D. Henderson
TOGA LIMITED, 515 S. Flower Street, 18th Floor, Los Angeles, CA 90071
Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Any statements contained herein that are not statements of historical fact (including, but not limited to, statements to the effect that Toga Limited or its management (the “Company”) “anticipates,” “plans,” “estimates,” “expects,” or “believes,” or the negative of these terms and other similar expressions) should be considered forward-looking statements, including, without limitation, statements regarding the Company’s guidance, outlook, growth, opportunities and long-term strategy. These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. These risks and uncertainties include, without limitation, risks associated with the impact of the COVID-19 pandemic; the Company’s ability to execute on its long-term strategy; the Company’s ability to successfully compete in its intensely competitive industry; the Company’s ability to manage its growth; the Company’s ability to maintain or improve its operating margins; the Company’s ability to identify and react to trends in consumer preferences; product supply disruptions; general economic conditions; accounting standard changes; and other factors as set forth from time to time in the Company’s Securities and Exchange Commission filings, including, without limitation, the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The Company intends these forward-looking statements to speak only as of the time of this Press Release and does not undertake to update or revise them as more information becomes available, except as required by law.