KUALA LUMPUR, Malaysia, May 21, 2021 (GLOBE NEWSWIRE) -- Toga Limited (OTC: TOGL), announces that on May 19, 2021, its wholly owned subsidiary, TOGL Technology Sdn Bhd (TOGL Technology) through WGS Discovery Tours and Travel (M) Sdn Bhd (WGS), signed a Memorandum of Understanding with Splyt Technologies Ltd. (SPLYT) to provide a seamless integration of global mobility network to WGS customers on its online platform.
WGS operates the TogaGo travel booking platform for TOGL Technology. The TogaGo application is also available as a mini program on Toga’s Yippi App. The TogaGo platform has a collection of over 14 million hotel partners in over 200 countries that enable users to search for the best price for their travel needs.
SPLYT operates as a software development company, which designs and develops online travel agency platforms. Its Application Program Interface enables e-hailing, airport transfers, micro-mobility, food delivery and other consumer service integrators to receive and accept service requests from users and match them with appointed demand and supply partners.
This strategic partnership enables both parties to combine their resources to provide a global mobility network. This network would enable WGS customers with local mobility and delivery options to access the ‘ride-hailing to airport transfer’ feature while still using WGS’s own online platform. This partnership will unlock a world of options for our customers, who are avid and well-travelled South-east Asians.
“Customers using our TogaGo.com application will be able to access this program to choose their mode of transport, specifically ride-hailing and airport transfers, in the country they are travelling in. This program will be offered directly from our new mini program called Global Ride which will be available on Yippi. Yippi users will be able to book a ride or an e-hailing service for a hassle-free traveling experience while they are in another country,” said WGS Director, Ms. Tam Lee Yung.
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.