Starbox Group secures 3-year contract valued at $600,000

Starbox announced that its Malaysian subsidiary, Starbox Rebates, has entered into a software licensing agreement with MY Rebates PH Solutions Corporation, MRP, a Philippines-based company. Pursuant to the Agreement, the Company has agreed to provide technology support with its unique, internally developed artificial intelligence Rebates Calculation Engine System to help MRP in its system to better target customers and improve operational efficiency. The salient terms of the Agreement are as follows: The contract period shall be for three years, commencing July 19, 2023, and ending July 18, 2026; The total contract sum during the Contract Period is US$600,000.00; and The Company will grant MRP access to its system and will help train the staff of MRP with respect to its use. Lee Choon Wooi, Chief Executive Officer and Chairman of the Board of Directors of Starbox Group, commented, “We are delighted to have signed the Agreement with MRP, demonstrating our push into a new developing market. We believe the Philippines market offers a huge potential for Starbox Group to grow. Moving forward, we will continue developing and upgrading our technology system to meet the demand of our clients across various industries and countries, which is expected to boost our business and revenue growth in the long term.”