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Sunday, September 25, 2022

New Momentum Corp (OTCMKTS: NNAX) Breaking Out After Uplisting to OTCQB and Securing Strategic Investment from VG

New Momentum Corp (OTCMKTS: NNAX) has been moving steadily higher in recent trading and is still undiscovered by most investors. The Company just uplisted to OTCQB on July 19 and announced on August 4 Pursuant to the Agreement, Vista Global Opportunity Fund SPC (“VG”) intends to make strategic investments in NNAX with a total size of up to USD 40 million for a two-year period, the proceed of which is to be applied primarily in the fields of (1) acquisition of resort properties in Asia-Pacific countries, including but not limited to licensed dive/ski resorts with operations; and (2) expansion of new projects, research and developing metaverse tourism solutions, such as combining global leading metaverse technology and green economy. 

This is big news for NNAX which trades at a total market valuation of just $4,932,719 with a float of just 25,315,335 shares. The Company’s subsidiary Beyond Blue plans to acquire 10 properties at tourist destinations worldwide, to renovate the acquired properties into premium resorts that epitomise comfort, style and luxury, aiming at launching a new global boutique resort chain into dive and ski markets, taking nature lovers and intrepid travellers to exciting new and established destinations. Being located in places of great beauty and close to nature, Beyond Blue is committed to preserve, protect and rebuild environments that range from coral reefs to farm land, to build strong relationships with local communities and works closely to get them involved in sustainable activities.  

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New Momentum Corp (OTCMKTS: NNAX) helps customers evolve their travel businesses to better capitalize on the global digital and mobile movement by building new eco enterprises aided by innovative technology. The group develops new digital platforms that help to make travelling enjoyable. With Gagfare, travelers can “Book Now, Pay Later”, to secure the best fares and reserve flights well ahead of time. New Momentum is also the driving force behind a bold new hospitality concept that takes nature lovers and intrepid travelers to exciting new and established destinations. Our curated collection of boutique properties, each with a focus on diving, sustainability, conservation, and cultural authenticity, offers a thoroughly contemporary travel experience that is intrinsically linked to the destination, its heritage, and its culture. 

On August 3 NNAX announced it has signed an Investment Cooperation Agreement with Vista Global Opportunity Fund SPC (“VG”). Pursuant to the Agreement, VG intends to make strategic investments in NNAX with a total size of up to USD 40 million for a two-year period, the proceed of which is to be applied primarily in the fields of (1) acquisition of resort properties in Asia-Pacific countries, including but not limited to licensed dive/ski resorts with operations; and (2) expansion of new projects, research and developing metaverse tourism solutions, such as combining global leading metaverse technology and green economy. 

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NNAX

Beyond Blue Limited, a wholly-owned subsidiary company of NNAX, plans to acquire 10 properties at tourist destinations worldwide, to renovate the acquired properties into premium resorts that epitomise comfort, style and luxury, aiming at launching a new global boutique resort chain into dive and ski markets, taking nature lovers and intrepid travelers to exciting new and established destinations. Being located in places of great beauty and close to nature, Beyond Blue is committed to preserve, protect and rebuild environments that range from coral reefs to farm land, to build strong relationships with local communities and works closely to get them involved in sustainable activities. In order to achieve our goals of gaining market share and increasing overnight visitor expenditure, Beyond Blue designs a bold new hospitality concept that target Experience Seekers, High Value Travellers, including professional, retirees, expats, photographers, nature lovers and intrepid travelers. The EIU reported there is a strong market fundamental from a growing middle class in the next decade, especially in Asia. 

As with metaverse tourism, new technology solutions will increase a number of exciting opportunities for our project, within the hospitality industry in post-pandemic future. For example, Beyond Blue can use VR tours or digital avatars to allow our guests to actually walk around a realistic recreation of the property, getting a sense of how big rooms are, and what facilities and local tour are on offer. We use VR tours to provide customers with lifelike experiences of a location they wish to travel to. Initially, guests are able to gain inspiration from virtual and augmented reality travel technology, while the booking experience becomes much more enjoyable, informative, and useful as a tool for influencing purchasing decisions. 

Vista Global Opportunity Fund SPC (“VG”) is an investment fund group incorporated in Cayman Islands. Its goal is to use various venture capital instruments in the capital market to create maximum investment returns for investors, shareholders and partners. 

https://twitter.com/Jcazz17/status/1562609926739861507

 

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Currently trading at a $4,932,719 market valuation NNAX has 176,168,548 shares outstanding with a float of just 25,315,335 shares. The Company has under $500k in liabilities and is doing small revenues reporting 299,068 in sales for the 3 months ended June 30, 2022. NNAX is an exciting story developing in small caps;  the Company just uplisted to OTCQB on July 19 and announced on August 4 Pursuant to the Agreement, Vista Global Opportunity Fund SPC (“VG”) intends to make strategic investments in NNAX with a total size of up to USD 40 million for a two-year period, the proceed of which is to be applied primarily in the fields of (1) acquisition of resort properties in Asia-Pacific countries, including but not limited to licensed dive/ski resorts with operations; and (2) expansion of new projects, research and developing metaverse tourism solutions, such as combining global leading metaverse technology and green economy. NNAX is still undiscovered by investors but is starting to get noticed. We will be updating on NNAX when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with NNAX.

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Disclosure: we hold no position in NNAX either long or short and we have not been compensated for this article.

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