NVGI Plans for Series A Funding
SINGAPORE - Media
OutReach - 5 December 2019 - Noble Vici Group Inc. (OTCMKTS: NVGI) announces plans for the
development and deployment of smart IoT-enabled barista coffee machines, namely
V-MORE Xpress, bridging the mass adoption of users and merchants for V-MORE
e-commerce platform. NVGI plans to accelerate growth in their IoT and
e-commerce business in Southeast Asia through Series A funding.
One of the key breakthroughs offered by
NVGI's IoT ecosystem is the ability to bridge the gap between online and
offline commerce with its unique real-time analytic data collection through its
IoT platform. The IoT-enabled barista machines not only offer barista quality
coffee to users, but also connect online users to the machines; accessing the
benefits of an O2O (offline to online) platform via V-MORE Xpress.
Since the last 2 years, NVGI has been developing
its own ecosystem from e-commerce to IoT infrastructure, while tapping on its
internal resources and capital. The proceeds raised will be used to expedite
installation of smart IoT-enabled barista machines in the next 18 months across
"We aim to be the fastest player to deploy
this self-service machines in Asia," said Sir Eldee Tang, CEO of NVGI.
V-MORE Xpress offers an effortless payment
through major cashless e-Wallet providers to facilitate and simplify the public
users' experience in making transactions; enabling users to purchase a vast selection
of high quality products and services through the digital payment within their
e-Wallet. By adopting digital payments in sync with the IoT-enabled barista
machines, it not only provides a hassle-free payment but also creates better
In conjunction with the latest round of
funding initiatives, NVGI has begun the rollout of its IoT-enabled barista
machines and is pleased to announce the partnership of V-MORE Xpress with
Barista Uno to offer barista-styled coffee from the IoT-enabled barista
machines. V-MORE Xpress offers high quality beverage that is equivalent to
traditional barista-styled gourmet coffee. Barista Uno offers roasted coffee sourced
from Java, supplying quality whole beans to the barista and specialty coffee
shops. V-MORE Xpress, through its IoT monitoring infrastructure, will be able
to monitor the consumption of each machine to ensure operating uptime.
NVGI's bold venture into the self-service IoT-enabled barista machines also
provides valuable analytic information that aids in understanding the patterns of
both online and offline consumer behaviours. Bridging offline and online
redefines the retail experience, bringing even the unbanked consumers closer to
Further elaborating on future plans of NVGI, Sir Eldee Tang said; "NVGI is
targeting uplisting to the mainboard in the US near the end of 2020. We intend
to further strengthen the mix of the management team in preparation for the future
About Noble Vici Group Inc.
Vici Group, Inc. (OTCMKTS:NVGI) is a company on the cutting edge of technology,
through in-house developments and external acquisitions, the company is
building an ecosystem of IoT, big data, blockchain and e-commerce to form a
digital revolution that provides our users with the tools to live and interact
in the modern mobile world.
About V-MORE Xpress
V-MORE Xpress is an offline adoption model
to acquire users using the next-generation vending machine equipped with smart IoT
technology. Technology makes it efficient for the V-MORE Xpress business,
resulting in cost savings that are passed onto consumers.
The O2O system brings a complete self-service
experience with a seamless and hassle-free payment system. V-MORE users are
able to instantly receive reward points whenever they use V-MORE Xpress or
V-MORE. The more you shop at V-MORE, the more rebates you receive and be
rewarded with points for future redemption.