Our #1 Internet Company, Society

NEW YORK, NY, February 28, 2023 (GLOBE NEWSWIRE) — via NewMediaWire — Institutional Analyst Inc (“Institutional Analyst”) releases equity research report on Society Pass Incorporated (“SoPa”) (Nasdaq: SOPA), Southeast Asia (SEA) data-driven Next generation loyalty, fintech and e-commerce ecosystem.

Click here to view the full Institutional Analyst Equity Research Report.

Summary points:

• Strong Investment Thesis – With almost $20 million in cash in the bank versus a current market cap of $28 million and four Wall Street companies with price targets averaging $6.60 (500% up) and their sales projections of $40 million to $60 million in 2023 , SoPa can only be described as compelling.

• SoPa is building a portfolio of e-commerce startups and has all the ingredients for a big winner:
· Easy to understand business model
· Below
· Scalable sector with 100x growth potential
· Provides US investors with backdoor access to fast-growing Southeast Asia
· Market capitalization under US$500 million
· Financially secure
· Management team with finance and e-commerce expertise
· Summary and how to trade and invest in SOPA
· Wall Street coverage

• Sustainable Incubator Business Model – While still in its infancy (at the end of the first inning), the Society Pass business model is off to a great start with six acquisitions in the last year alone. Institutional Analyst considers incubators and accelerators to be the most “enduring” models in the technology sector, as they are constantly looking for early-stage companies developing the newest and most innovative technologies or services.

• Underfollowed – Society Pass currently has a market value of $28 million at $1.00 with only 28 million shares outstanding. While we consider the Society Pass to be under-followed, it is by no means un-followed. There are four Wall Street firms that started reporting with lengthy research reports totaling over 70 pages, including this report. With price targets averaging $6.60 or better than 500% higher than where it is currently trading, we could have captioned this section “Loved but underfollowed.”

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• Easy-to-follow game plan – SoPa doesn’t buy or fix anything. It buys or partners and then strengthens or scales early technology start-ups. Led by former investment banker Dennis Nguyen, SOPA is looking for visionary founders with three to four years of experience. Companies growing at 50-70% per year. These are not businesses that need fixing. Investing in SoPa is very similar to investing in the experienced manager of a venture capital firm. Do not invest in the venture capital fund – but in the experienced manager of the fund. This is where the business appeal of the Society Pass comes into play. There are hundreds of viable takeover candidates in Southeast Asia, and each one has the potential to become the next Tik-Tok (after all, Tik-Tok didn’t know it would be the next Tik-Tok when it was in a three-room apartment was started).

• Scalable sector with 100x growth potential – There are very few constraints on the scalability of the Society Pass business plan. They need analysts and dealmakers to bring acquisition targets under the SOPA umbrella. And they need to make sure the acquired companies understand the benefits of integrating with SOPA’s loyalty program, Society Points, a digital wallet and de facto currency. It will bring together all of its acquired businesses and enable data integration (who is buying what), resulting in increased revenue for all properties and outlets it controls. You don’t want to increase this operation to 10x or 20x. They want to expand this by 100x.

• Provides US investors with backdoor entry into fast-growing SE Asia – Investing in Society Pass offers US investors backdoor entry into these fast-growing startups, with significantly less risk as we can rely on a management team experienced to do the hard work for us. The CEO is an entrepreneur who has taken six companies public. A former investment banker, he is able to identify thousands and acquire dozens of startups. We believe he is well suited to guiding us through a maze of possibilities.

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• Extensive management team with financial and e-commerce expertise – The company is led by an extensive team of C-suite executives, country managers and business unit heads.

About Society Pass Inc.

Founded in 2018 as a data-driven loyalty, fintech and e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, the Philippines, Singapore and Thailand, which represent more than 80% of the SEA population, and with offices in Angeles, Bangkok, Ho Chi Minh City, Jakarta, Manila and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused holding company operating 6 interrelated verticals (Loyalty, Digital Media, Travel, Telecom, Lifestyle and F&B ) that seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands across multiple product and service categories into SEA.

Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021. SOPA shares were included in the Russell 2000 Index in December 2021.

SoPa acquires fast-growing e-commerce companies and expands its user base through a robust product and service ecosystem. SoPa is integrating these complementary businesses through its signature fintech platform, Society Pass, and the proliferation of its universal loyalty points, or Society Points, which have entered beta testing and are expected to be widely rolled out in early 2023. Society Pass loyalty program members earn and redeem Society Points and receive personalized promotions based on SoPa’s data capabilities and understanding of consumer shopping behavior. SoPa has more than 3.3 million registered consumers and over 205,000 registered retailers and brands. It has invested more than 2 years in building a proprietary IT architecture to effectively scale and support its consumers, merchants and acquisitions.

Society Pass uses technology to create a more personalized experience for customers throughout the checkout process, transforming the entire retail value chain into SEA. SoPa operates Thoughtful Media Group, a Thailand-based, multi-platform, social commerce-focused premium digital video network; NusaTrip, a leading Indonesia-based online travel agency; Gorilla Networks, a Singapore-based, Web3-enabled mobile blockchain network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in the Philippines; Handycart.vn, a leading online restaurant delivery service based in Vietnam; and Mangan.ph, a leading local restaurant delivery service in the Philippines.

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For more information on the Society Pass visit:

website at https://www.thesocietypass.com or

LinkedIn at https://www.linkedin.com/company/societypass or

Facebook at https://www.facebook.com/thesocietypass or

Twitter at https://twitter.com/society_pass or

Instagram at https://www.instagram.com/societypass/.

Cautionary Note Regarding Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements in this press release, other than statements of historical fact, are forward-looking statements. As used in this press release, words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions identify forward-looking statements when they relate to us or our management team. Such forward-looking statements are based on management’s beliefs, assumptions and information currently available to the Company’s management. Actual results could differ materially from those projected in the forward-looking statements as a result of certain factors detailed in the Company’s SEC filings. All of the following forward-looking statements, whether written or oral, attributable to us or persons acting on our behalf are included within this paragraph in their entirety. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus relating to the Company’s SEC filing. The company assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media contacts:
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