Connect with us

Technology

Marvion Inc. (MVNC) Moving into New Businesses with Profitable Opportunities

Published

2 years ago

on

HONG KONG, Aug. 19, 2024 /PRNewswire/ —

Dear Shareholders:

As the new CEO, I am honored to lead the Marvion group into a new and brighter future.  Building upon our already profitable business operations in logistics and warehousing services, I am committed to fostering innovation, driving sustainable growth, and nurturing a culture of excellence. Together, we will embrace change, seize opportunities, and exceed expectations as we embark on this journey toward continued success and prosperity.

As updated financial information will be disclosed, I would take this opportunity to update our shareholders about our logistic and storage services businesses.

Logistics Business – KSK Logistics

Our logistic services is focusing with servicing the local last miles distributions in Hong Kong.  As we walked into the post-pandemic period since the beginning of 2023, consumer spending in Hong Kong has grown from US$61,794 million in Q1 2023 to US$64,615 million in Q2 2024, and forecasting to be US$68,333 million by Q4 2024 (1).  The continuous growth of consumer spending pushes up the demand of more logistics services, especially consumer today are more depending on online ecommerce purchases, and cross-border purchases from China for the Hong Kong consumers. We currently own 6 trucks with our crew to cover the local delivery zones. Our logistics clients are not only the general consumers, but we also serve the bigger shipping and logistics partners, as well as vendors, with specialty to serve the furniture industry to distribute the packages to the doorsteps of their clients. The growth in economy and consumer spending continues to help our growth in servicing orders while recent slight drop in gasoline price also lowers our costs to help increasing the profitability opportunities of the business.

Storage Services – United Warehouse

United Warehouse has rented a piece of land at the size of 140,000 square feet (sq ft) in Yuen Long, Hong Kong. We have built a fully equipped cold storage with the size of 24,000 sq ft, and a regular warehouse with the size of 38,600 sq ft. We plan on building another warehouse on the land with the size of 18,000 sq ft by September, 2024. Our warehouses not only provide temporary storage spaces for enterprise clients, but also logistics and inventory services so they can rely on our services to manage their cargos and goods in a cost effective way.  By combining with our logistics sister business, we can maximize the utilization of our logistics crew and trucks, and increasing business opportunities for the storage services.

Moving Forward

While both our logistics and warehousing services business units are in healthy and profitable business and financial positions, we are seeking to further expand the size of our warehouse sizes within the land that we have already rented, which is just 50% utilized at the moment.  Our logistics services team will continue to focus with local delivery coverage in the Hong Kong local market, seeking for more B2B opportunities and moving into niche industry needs to avoid hostile competitions.  Furthermore, with my extensive exposure and experiences in the furniture industry, we are looking into developing a cross-border online furniture and household items ecommerce platform.  Online furniture and household ecommerce is already very strong in China which basically takeover most of the traditional offline stores.  The problem with Hong Kong is those China-based furniture manufacturers cannot provide a one-stop shipping and servicing service to the customers in Hong Kong.  With 2 million households in this metropolitan city, we see this as great business opportunity to explore, by utilizing the logistics and warehousing facilities which we already have.

We have confidence that our team will build good values for the investors of MVNC in the near future and for the long term.  Your continue support will give us more resources to explore into more business opportunities and may expand our business operational models overseas.

Sincerely,
Chan Sze Yu
Director and Chief Executive Officer
Marvion Inc. (OTC: MVNC)

(1)  https://tradingeconomics.com/hong-kong/consumer-spending 

For media queries, please contact:
ir@marvion.media

View original content:https://www.prnewswire.com/news-releases/marvion-inc-mvnc-moving-into-new-businesses-with-profitable-opportunities-302225249.html

SOURCE Marvion Inc.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Mastech Digital to Announce Second Quarter 2026 Financial Results; Participate in Upcoming Investor Conference

Published

10 minutes ago

on

July 24, 2026

By

PITTSBURGH, July 24, 2026 /PRNewswire/ — Mastech Digital, Inc. (NYSE American: MHH) (“Mastech Digital”), a leading provider of Digital Transformation IT Services, today announced the date for the release of its financial results for the second quarter ended June 30, 2026, and its participation in an upcoming investor conference.

Second Quarter 2026 Earnings:

Mastech Digital will report its financial results for the second quarter 2026 before the market opens on Thursday, August 6, 2026. Management will host a live conference call and webcast at 9:00 a.m. Eastern Time on that day to discuss the Company’s financial performance and operating results.  The conference call will be hosted by Nirav Patel, President and CEO, and Kannan Sugantharaman, Chief Financial and Operations Officer.

Those wishing to participate via webcast should access the call through Mastech Digital’s Investor Relations website at https://investors.mastechdigital.com. Those wishing to participate via telephone may dial in at 1-800-715-9871 (USA) or 1-646-307-1963 (International) with the passcode 7506988. The replay will be available via webcast through Mastech Digital’s Investor Relations website.

Upcoming Investor Conference:

Mr. Sugantharaman will host a fireside chat at the Sidoti Micro-Cap Investor Conference on Wednesday, August 19, 2026, at 9:15 a.m. Eastern Time.

Mastech Digital management is scheduled to host virtual one-on-one and small group meetings with investors during the conference on August 19-20, 2026. Investors interested in arranging a meeting should contact their Sidoti representative or reach out to the Mastech Digital investor relations team at investors@mastechdigital.com.

About Mastech Digital, Inc.

Mastech Digital (NYSE American: MHH) is a leading provider of Digital Transformation IT Services. The Company offers Data Management, Analytics & AI Solutions, and IT Staffing Services with a digital-first approach. A minority-owned enterprise, Mastech Digital is headquartered in Pittsburgh, PA, with offices across the U.S., Canada, Europe, and India. Visit us at www.mastechdigital.com.

Investor Relations Contact:
investors@mastechdigital.com 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/mastech-digital-to-announce-second-quarter-2026-financial-results-participate-in-upcoming-investor-conference-302834421.html

SOURCE Mastech Digital, Inc.

Continue Reading

Technology

SOLAI Limited Announces Extraordinary General Meeting

Published

10 minutes ago

on

July 24, 2026

By

AKRON, Ohio, July 24, 2026 /PRNewswire/ — SOLAI Limited (NYSE: SLAI) (“SOLAI” or the “Company”) (previously known as “BIT Mining Limited”), a technology-driven personal AI and digital infrastructure provider, today announced that it will hold its extraordinary general meeting of shareholders at 428 South Seiberling Street, Akron, Ohio, US on August 14, 2026 at 10:00 a.m., New York time.

Holders of record of ordinary shares and preference shares of the Company at the close of business on July 20, 2026, New York time (the “Record Date”) are entitled to receive notice of, and to attend and vote at, the extraordinary general meeting or any adjournment thereof. Holders of the Company’s American Depositary Shares (“ADSs”) who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company’s ADS program, Deutsche Bank Trust Company Americas.

The notice of the extraordinary general meeting, which sets forth the resolutions to be submitted to shareholder approval at the extraordinary general meeting is available on the Investor Relations section of the Company’s website at https://ir.solai.com. 

About SOLAI Limited

SOLAI Limited (previously known as “BIT Mining Limited”) (NYSE: SLAI) (previously traded under “BTCM”) is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal AI computing and digital asset ecosystems globally.

For more information:

SOLAI Limited
ir@solai.com
ir.solai.com
www.solai.com 

Christensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com 

 

View original content:https://www.prnewswire.com/news-releases/solai-limited-announces-extraordinary-general-meeting-302834034.html

SOURCE SOLAI Limited

Continue Reading

Technology

/U P D A T E — TrendAI/

Published

1 hour ago

on

July 24, 2026

By

This release has been updated to include new information provided by TrendAI. The complete, corrected release follows, with additional details at the end:

TrendAI™ Adopts Claude Opus 5 to Advance Vulnerability Prioritization and Virtual Patching

As a participant in Anthropic’s Cyber Verification Program, TrendAI applies frontier reasoning to convert vulnerability intelligence into faster protection across hybrid environments

DALLAS, July 24, 2026 /PRNewswire/ — TrendAI™, the enterprise AI security leader from Trend Micro Incorporated (TYO: 4704; TSE: 4704), today announced it is adopting Claude Opus 5, Anthropic’s latest and most capable Opus model, to help security teams convert vulnerability intelligence into immediate protection, from prioritization to virtual patching. The move builds on TrendAI’s collaboration with Anthropic on Claude Opus 4.8, extending the same defensive focus to a model that delivers step-change gains in advanced reasoning, agentic workflows, and long-horizon analysis. As AI makes finding vulnerabilities easier than ever, the harder problem becomes protecting organizations faster than software can be permanently patched, and that is where TrendAI is putting Opus 5 to work.

As a participant in Anthropic’s Cyber Verification Program, which credentials organizations for the defensive use of frontier AI models, TrendAI is positioned to apply Claude Opus 5 to defensive security as access becomes available. The model is Zero Data Retention compatible, supporting TrendAI’s governance and data-protection requirements as it scales AI across security operations.

The work extends to TrendAI Threat Research, where frontier AI models are combined with our proprietary frontier intelligence engine and human expertise to generate pre-disclosure intelligence. Those insights power TrendAI Vision One™, delivering stronger detection, deeper forensic insights, and proactive protection through virtual patching.

Rachel Jin, Chief Platform and Business Officer, Head of TrendAI™:
“With Claude Opus 5, TrendAI can move from vulnerability intelligence to action faster than ever, prioritizing what matters most by exploitability and business impact. Finding the vulnerability was always the hard part. Now the challenge is protecting organizations faster than software can be permanently patched, and frontier reasoning is what changes that equation, extending all the way to virtual patching that protects customers before a vendor fix ships. This is what it means to secure the AI age, fearlessly.”

These capabilities support TrendAI Vision One™ in helping security analysts, AppSec teams, and SOC teams prioritize exposure, map attack paths, and accelerate mitigation, including virtual patching, across hybrid environments, moving vulnerability management from a static scanning process into a faster, context-aware risk mitigation workflow.

About TrendAI™
TrendAI™, the global AI security leader and enterprise business unit of Trend Micro, empowers organizations with full AI visibility and consolidated security that inspires confidence, drives innovation, and eliminates risk. Trusted by the largest enterprises and governments across 185 countries, TrendAI™ secures the entire organization, from identities, to infrastructure, to data. Global Fortune 500 companies rely on TrendAI™ to cut risk and stop threats up to three months earlier, powered by world-leading threat and attack intelligence. Through deep ecosystem partnerships with market leaders like NVIDIA, Anthropic, AWS, Google, and Microsoft, TrendAI™ empowers your organization to securely drive forward at the speed of AI. AI Fearlessly. Learn more: trendaisecurity.com

About Anthropic
Anthropic is an AI safety and research company dedicated to building reliable, interpretable, and steerable AI systems. Its Claude family of models, including Claude Opus 5, enables advanced capabilities across a wide range of applications, including code understanding and security analysis.

Update: The latest version of this release includes additional statements from TrendAI related to the original announcement.

View original content to download multimedia:https://www.prnewswire.com/news-releases/trendai-adopts-claude-opus-5-to-advance-vulnerability-prioritization-assessment-and-virtual-patching-302834362.html

SOURCE TrendAI

Continue Reading

Trending