I Synergy Group Limited (“iSYNERGY” or “the Company”; ASX:IS3) is pleased to provide the following update for shareholders.
Software update expands opportunities
Clients have embraced iSYNERGY’s recently released mobile solution for its retail loyalty affiliate program, MyKad Smart Shopper (“MSS”).
The newly launched web portal delivers an advanced user experience that allows faster access and reporting for affiliates, merchants and users.
New features, suitable for both Apple IOS and android devices, include more detailed and timely reports, such as breakdown of rewards earned, and program transaction records.
The solution is optimised to automatically adapt to the screen size of any mobile and desktop device without compromising access to features.
Merchants now have the choice of the new MSS merchant mobile application to record and track program transactions or use an android-based terminal.
A QR code system has also been implemented as an alternative to using the MyKad, Malaysia’s national identity card, to process and verify program transactions via the mobile application or terminal.
The MSS program is operated by Kuala Lumpur-based I Synergy Rewards Sdn Bhd (“ISR”), a division of iSYNERGY.
New board and management appointments
The company is pleased to announce the appointment of Mr Ilmars Draudins as Chairman, effective from 1 June 2018.
Mr Draudins, a Non-Executive Director at iSynergy since 2016, replaces outgoing Non-Executive Chairman Mr Richard Symons.
With a career spanning over 25 years in the service and information technology sectors, plus 15 years’ investment banking experience, Mr Draudins brings a broad range of skills to the role.
“I am excited to take on this role at a time when the Company is poised for significant further growth,” Mr Draudins said.
“We are pleased with our continued strong performance in Malaysia and on track to achieve profit targets in our first full year of operation in Indonesia. We are also advanced in efforts to move into other markets.”
The appointment comes after Mr Morgan Barron was appojted as Non-Executive Director. Mr Barron is a director of Perth-based Ventnor Capital and sits on the boards of a range of listed companies.
At the same time, the Company is pleased to announce that Mr Luke Derbyshire has commenced in the role of Director Investor Relations, charged with driving investor and shareholder relations in Australia.
Mr Derbyshire is Managing Director of investor communications and media relations firm Spoke Corporate.
Growth continues in major markets
The number of affiliates now registered with iSYNERGY’s Affiliate Junction platform has reached approximately 28,000.
At the same time, the number of advertisers now sits at approximately 1,700.
The increase is due to a combination of ongoing growth in the established Malaysian market and the Company’s entry to the Indonesian market.
Australian investor roadshow planned
iSYNERGY is planning a series of investor meetings and presentations in Perth, Melbourne and Sydney over the coming months.
The meetings will provide an opportunity for shareholders and potential investors to learn more about the growing popularity of affiliate marketing and the company’s plans for expansion in the South East Asian market.
Please contact Luke Derbyshire on +61 488 664 246 or [email protected] to register your interest.