Logiq Launches Major Restructuring Designed to Expand the DataLogiq Business Unit and Unlock Value from Emerging Market Initiatives
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NEW YORK, Sept. 27, 2021 (GLOBE NEWSWIRE) – Logiq, Inc. (NEO: LGIQ) (OTCQX: LGIQ), a global provider of award-winning e-commerce and fintech solutions, predicts strong growth driven by both mergers and strategic acquisitions that will accelerate the growth of its DataLogiq business and the strategic spin-off of its business units in emerging markets.
Over the past year, Logiq has acquired and integrated with DataLogiq three leading e-commerce platforms. Through these key acquisitions, DataLogiq has become an e-commerce industry leader in data-driven consumer intelligence and automated marketing technology.
These business units, led by Logiq Consumer Marketplace (LCM), are gaining ground on the customer side while exploring regular opportunities on the side of strategic partnerships and potential mergers and acquisitions.
“Logiq, through the three recent acquisitions of Push Interactive, Fixel AI and Rebel AI, has built an enviable platform for small and medium-sized businesses and is positioned to grow this business significantly over the next few years,” commented Brent Suen , president of Logiq. “Our feedback from our clients, partners, research analysts and investors is very encouraging, but a common theme is that they want us to operate on a larger scale – this combined with a promising pipeline of possible candidates for a merger or acquisition. opens up substantial opportunities. “
Tom Furukawa, CEO of Logiq, commented, “There are a large number of peers operating in our industry that are private companies, generating strong revenues, operating profit and even net profit, which could be acquired for attractive valuations all the time, delivering revenue growth, margins and the potential for accretive earnings. We are looking at a number of them now and the pipeline is growing. While we do not have any definitive agreements in place to make such acquisitions at this time, we strongly believe that growth through accretive acquisitions is a solid path forward and we strive to achieve it. ‘run. “
As part of its mergers and acquisitions strategy, Logiq has begun to assess strategic alternatives, including a possible split of its AppLogiq business in the coming months so that it can better focus on DataLogiq’s abundant growth opportunities. while AppLogiq focuses on the booming emerging market fintech opportunity. AppLogiq is the company’s mobile commerce as a service (PaaS) platform and proprietary mobile technology solutions that have been deployed in emerging international markets, primarily in Southeast Asia.
AppLogiq includes the PayLogiq ™ e-wallet, GoLogiq ™ hyper-local food delivery and other mobile e-commerce solutions, as well as a recently announced mobile fintech platform for microcredit.
While AppLogiq’s business has been severely affected by the global pandemic, recent quarters have seen a significant turnaround as it focuses on higher margin direct sales and the provision of new mobile technology services as part of the business. major exclusive partnerships. In the company’s second quarter 2021, AppLogiq gross profit increased 38% to $ 901,000 or 31.7% of revenue from $ 653,000 or 11.6% of revenue at the same quarter of the previous year, an increase of nearly 3 times the gross margin.
Matthew Brent, Chief Strategy Officer at AppLogiq, commented: “Due to this strengthening momentum in key areas of its business, combined with the presence of PayLogiq and GoLogiq in Indonesia, we believe that AppLogiq is now ready to go. fend for it on its own – where it would be best positioned to attract the right growth capital, as well as investors who appreciate the vast opportunities it enjoys in today’s emerging markets.
“Recent transactions between companies in emerging markets and listed PSPCs in the United States, IPOs in the United States, and merger and acquisition activity with notable companies, such as Grab Holdings and Altimeter Growth Company, FinAccel and Victory Park Capital, Bukalapak, SEA Holdings, Jumia and others, demonstrate valuations that strongly reflect the significant opportunity overseas, ”continued Brent.
Furukawa added, “Given that we believe the stock markets have significantly undervalued the intellectual property of AppLogiq and its turnaround, as well as our investment and holdings in Weyland Indonesia Perkasa (WIP), we believe it is. in the best interest of our shareholders to realize the value of what AppLogiq has achieved by evaluating strategic alternatives, including through possible strategic fallout. We expect to make further announcements in the near future as final plans are developed under the guidance of expert advisers in such transactions. “
Logiq Inc. is a leading global provider of e-commerce solutions and fintech business support based in the United States. Its DataLogiq business provides an end-to-end data-driven e-commerce marketing solution. Its AI-powered LogiqX ™ data engine delivers valuable consumer insights that improve ROI on online marketing spend. The company’s Fixel technology delivers streamlined online marketing with essential privacy features.
In its AppLogiq business, Logiq’s Platform as a Service, under the CreateApp ™ brand, enables small and medium businesses around the world to easily build and deploy a native mobile app for their business without technical knowledge or knowledge. CreateApp ™ enables businesses to reach more customers, increase sales, manage logistics, and promote their products and services in a simple, affordable and highly effective way. CreateApp ™ is offered in 14 languages in 10 countries and three continents, including some of the fastest growing emerging markets in Southeast Asia. The company’s PayLogiq, under the AtozPay ™ brand in Indonesia, offers mobile payments, and GoLogiq, under the AtozGo ™ brand in Indonesia, provides hyper-local food delivery services. Connect with Logiq: Website | LinkedIn | Twitter | Facebook.
Important Cautions Regarding Forward-Looking Statements
This press release contains certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by these articles. This press release also contains forward-looking statements and forward-looking information within the meaning of Canadian securities laws that relate to Logiq’s current expectations and opinions about future events. All statements that express or involve discussions regarding expectations, beliefs, plans, goals, assumptions or future events or performance (often, but not always, through the use of words or phrases such as ” will probably result “,” are expected at “,” expects “,” will continue “,” is anticipated “,” anticipates “,” believes “,” estimated “,” intends “,” plans “, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties that could cause actual results differ materially from those expressed in these forward-looking statements. No assurance can be given that these expectations will prove to be correct and the forward-looking statements included in this press release should not be improperly relied upon.
These statements speak only as of the date of this press release. Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Logiq’s control, which could result in a material difference between actual results and events and those disclosed or implied by these forward-looking statements. In particular and without limitation, this press release contains forward-looking statements regarding our products and services, the continued use and / or demand for our products and services, expectations regarding our revenue and the revenue-generating potential of our products. and services, our strategic partnerships and alliances, the impact of global pandemics (including COVID-19) on demand for our products and services, industry trends, overall market growth rates, our growth strategies , the continued growth of addressable markets for our products and solutions, our business plans and strategies, our competitive position in our industry, our ability to locate and successfully complete contemplated strategic transactions, if any, and other risks described in the Company’s previous press releases and in its filings with the Securities and Exchange Commission (SEC) including its annual report on Form 10-K and any subsequent public filings, and filings made in accordance with Canadian Securities Laws which are available at www.sedar.comincluding under the heading “Risk Factors” in the Company’s Canadian prospectus.
Logiq assumes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. New factors emerge from time to time, and it is not possible for Logiq to predict all of them, or to assess the impact of each of these factors or the extent to which a factor, or a combination of factors, may. lead to results materially different from those contained in any forward-looking statement. All forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement.
Company contactBrent Suen, President Logiq, Inc.Contact by e-mail
Media and investor contactRonald Both or Justin Lumley CMA Investor and Media Relations Tel (949) 432-7566Contact by e-mail
Source: Logiq, Inc.