Starbox Group Holdings Ltd

Starbox Group Holdings Ltd. is engaged in connecting retail merchants with individual online and offline shoppers to facilitate transactions through cash rebate offered by retail merchants. The firm also provides digital advertising services to retail merchants, and providing payment solution services to merchants. Its businesses include GETBATS, PAYBATS, and SEEBATS. The company was founded on September 13, 2021 and is headquartered in Kuala Lumpur, Malaysia.

Earnings data Q1 2024

Starbox Group Holdings Ltd. engages in connecting retail merchants with individual online and offline shoppers to facilitate transactions through cash rebate offered by retail merchants. The firm also provides digital advertising services and payment solution services to retail merchants. Its businesses include GETBATS, PAYBATS, SEEBATS, 180 Degrees, and Media Elements. It operates through the following segments: Cash Rebate, Payment Solution, and Media Booking; Advertising Services; Software Licensing; Production Services; and Marketing and Promotional Campaign Services. The company was founded on September 13, 2021 and is headquartered in Kuala Lumpur, Malaysia.

KUALA LUMPUR, Malaysia , Feb. 8, 2024 /PRNewswire/ -- Starbox Group Holdings Ltd. (Nasdaq: STBX) ("Starbox" or the "Company"), a service provider of cash rebates, advertising, and payment solutions, has unveiled its financial results for the fiscal year ended September 30, 2023.

Starbox Group Holdings Ltd. Announces Financial Results for Fiscal Year 2023

Kuala Lumpur, Malaysia, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Starbox Group Holdings Ltd. (Nasdaq: STBX) (“Starbox” or the “Company”), a service provider of cash rebates, digital advertising, and payment solutions with a goal of becoming a comprehensive artificial intelligence (“AI”) solutions provider within Southeast Asia, today announced that the Company received a notification letter (the “Notification Letter”) from the Listings Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on November 27, 2023, notifying the Company that it is not in compliance with the minimum bid price requirement as set forth under Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure upon the receipt of a deficiency notification.

Starbox Group Holdings Ltd. Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency

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Kuala Lumpur, Malaysia, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Starbox Group Holdings Ltd. (Nasdaq: STBX) (“Starbox” or the “Company”), a service provider of cash rebates, digital advertising, and payment solutions with a goal of becoming a comprehensive artificial intelligence (“AI”) solutions provider within Southeast Asia, is excited to announce the addition of an image-to-video feature in its StarboxAI - ViPro module. This tool harnesses the power of AI to convert static images into dynamic videos, accelerating video production for promotional and marketing materials.

Starbox Launches Video Production Enlivening Pictures with Image-to-Video Feature in StarboxAI - ViPro

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Kuala Lumpur, Malaysia, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Starbox Group Holdings Ltd. (Nasdaq: STBX) (“Starbox” or the “Company”), a service provider of cash rebates, digital advertising, and payment solutions with a goal of becoming a comprehensive artificial intelligence (“AI”) solutions provider within Southeast Asia, proudly announces the launch of the StarboxAI - ViPro module, featuring an innovative text-to-video function. The StarboxAI – ViPro module's Text-to-Video feature allows content creators to translate text instructions or scripts into visually engaging video content. This technology enables the generation of a mass library of short video content, reducing the time to create a video, and is particularly designed to produce content for social media.

Starbox Unveils StarboxAI - ViPro Module with Text-to-Video Feature to Promote Creativity and Accelerate the Design Process in Content Creation

Revenue and Net Profit Increased to $4.0 Million and $1.4 Million Respectively (Basic Earnings of $0.03 Per Share) with Technology-Driven Services Revenue Accounting for Approximately 43.8% of its Revenue KUALA LUMPUR, Malaysia , Aug. 29, 2023 /PRNewswire/ -- Starbox Group Holdings Ltd. (Nasdaq: STBX) ("Starbox" or the "Company"), a service provider of cash rebates, digital advertising, and payment solutions with a goal of becoming a comprehensive AI solutions provider within Southeast Asia, today announced its unaudited financial results for the six months ended March 31, 2023.

Starbox Group Holdings Ltd. Announces First Half of Fiscal Year 2023 Financial Results

Kuala Lumpur, Malaysia, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Starbox Group Holdings Ltd. (Nasdaq: STBX) ("Starbox" or "the Company”), a service provider of cash rebates, digital advertising, and payment solutions, proudly unveils its latest innovation within the StarboxAI ImPro module: the voice-to-image capability (the “Technology”). Designed with versatility in mind, this feature is targeted to bringing changes across a multiple of business industries, offering a fresh approach to visualizing ideas and concepts in real-time.

Starbox Applies Synchronous Voice-to-Image Technology to its StarboxAI ImPro

Kuala Lumpur, Malaysia, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Starbox Group Holdings Ltd. (Nasdaq: STBX) (“Starbox” or the “Company”), a service provider of cash rebates, digital advertising, and payment solutions, is excited to announce the new image-to-image processing technology (the “Technology”), an important addition to the core functions of the Company's artificial intelligence-generated content (AIGC) engine's StarboxAI – ImPro module. This innovative feature of the Technology is expected to enable users to create multiple design variations and iterations of the output image, elevating the design experience for both non-designers and professionals.

Starbox Unveils a Groundbreaking Image-to-Image Processing Technology in AIGC Engine (StarboxGPT) – A Core Function in StarboxAI - ImPro Module for Revolutionizing Design

Kuala Lumpur, Malaysia, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Starbox Group Holdings Ltd. (Nasdaq: STBX) (the “Company” or “Starbox” or “Starbox Group”), a service provider of cash rebates, digital advertising, and payment solutions, today is proud to announce that it has successfully integrated its AI content creation engine supporting graphics into its AIGC engine – StarBoxGPT (the “Integration”). As previously disclosed in a press release dated July 26, 2023, the Company launched its independently developed StarBoxGPT, an AI content creation platform that incorporates multimodal functions to provide AI service to Southeast Asian customers. The AI content creation engine supporting graphics is an innovative technology that utilizes the power of AI to enhance the utility of graphic design, which the Company anticipates will increase creative output and optimize content creation costs.

Starbox Successfully Integrates Artificial Intelligence (AI) Content Creation Engine Supporting Graphics into its Multi-Modal AI Generated Content (AIGC) Engine - StarBoxGPT to Increase Creativity Output and Optimize Content Creation Cost

StarBoxGPT will be activated in its system by September 2023

Starbox Announces the Launch of Multimodal Artificial Intelligence Generated Content (AIGC) Engine - StarBoxGPT

Kuala Lumpur, Malaysia, July 19, 2023 (GLOBE NEWSWIRE) -- Starbox Group Holdings Ltd. (Nasdaq: STBX) (the “Company” or “Starbox Group”), a service provider of cash rebates, digital advertising, and payment solutions, announced that its Malaysian subsidiary, Starbox Rebates Sdn. Bhd., has entered into a software licensing agreement (the “Agreement”) with MY Rebates PH Solutions Corporation (“MRP”), a Philippines-based company.

Starbox Secures 3-Year Contract Valued at $600,000 for Licensing its A.I. Rebates Calculation Engine System in the Philippines Market

Kuala Lumpur, Malaysia, May 22, 2023 (GLOBE NEWSWIRE) -- Starbox Group Holdings Ltd. (Nasdaq: STBX) (the “Company” or “Starbox Group”), announces that its Malaysian subsidiary, Starbox Rebates Sdn. Bhd., has entered into a software licensing agreement (the “Agreement”) with 1 Pavilion Property Consultancy Sdn. Bhd. (“1Pavilion”), a Kuala Lumpur-based company specializing in the sales and marketing of premium luxury properties.

Starbox Secures 3-Year Contract Valued at $2.76 Million for Licensing its Software

Kuala Lumpur, Malaysia, April 12, 2023 (GLOBE NEWSWIRE) -- Starbox Group Holdings Ltd. (Nasdaq: STBX) (the “Company” or “Starbox” or “Starbox Group”), a service provider of cash rebates, digital advertising, and payment solutions, today is proud to announce that it has successfully integrated AR technology into its cash rebate system, providing a fascinating interactive user experience, which will soon be launched in the system.

Starbox Successfully Uses Cutting-Edge AR Technology to Enhance Its Cash Rebates System

Kuala Lumpur, Malaysia, March 31, 2023 (GLOBE NEWSWIRE) -- Starbox Group Holdings Ltd. (Nasdaq: STBX) (the “Company” or “Starbox Group”), a service provider of cash rebates, digital advertising, and payment solutions, today is proud to announce the Starbox AI Personalized and Guidance Engine (the “Engine”), which is built upon the Starbox AI Calculation Engine introduced earlier in March 2023 and ChatGPT. This Engine is designed to improve merchants' business operations and enhance retail merchants' experiences by offering personalized recommendations and guidance.

Starbox Is Releasing Its AI Personalization and Guidance Engine Powered by Starbox AI Calculation Engine and ChatGPT

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Kuala Lumpur, Malaysia, March 24, 2023 (GLOBE NEWSWIRE) -- Starbox Group Holdings Ltd. (Nasdaq: STBX) (the “Company” or “Starbox Group”), a service provider of cash rebates, digital advertising, and payment solutions, announces that its Malaysian subsidiary, Starbox Rebates Sdn. Bhd., has entered into a Software Licensing Agreement with Brandavision Sdn Bhd (“Brandavision”), a media and advertising firm in Malaysia (the “Software Licensing Agreement”). Pursuant to the Software Licensing Agreement, the Company has agreed to provide technology support with its unique, internally developed IT system to help Brandavision use the data management system to better target customers and improve operational efficiency. The salient terms of the Software Licensing Agreement are as follows:

Starbox Secures a 3-Year Contract Valued at $2.8 Million for Licensing its Software

Kuala Lumpur, Malaysia, March 22, 2023 (GLOBE NEWSWIRE) -- Starbox Group Holdings Ltd. (Nasdaq: STBX) (the “Company” or “Starbox Group”), a service provider of cash rebates, digital advertising, and payment solutions, today unveiled its A.I. Calculation Engine, a powerful system that enables automatic rebate distribution based on comprehensive big data from both in-house and real-time market sources, including sentiment data. The Starbox A.I. Calculation Engine operates dynamically based on the big data as well as prevalent market sentiment, with an aim to maximize rebate earnings for its clients.

Starbox A.I. Calculation Engine Marks a Significant Breakthrough in the Emerging Ecosystem of Rebates

Kuala Lumpur, Malaysia, March 07, 2023 (GLOBE NEWSWIRE) -- Starbox Group Holdings Ltd. (Nasdaq: STBX) (the “Company” or “Starbox Group”), a service provider of cash rebates, digital advertising, and payment solutions, today announced its Malaysian subsidiary, Starbox Rebates Sdn. Bhd., has entered into a Private Label Cash Rebates System Supply Agreement with MY Rebates PH Solutions Corporation (“MYRPHSC”), an entity incorporated in the Philippines. The Company believes that MYRPHSC possesses the necessary resources and capabilities to sustain the development and growth of the Company's cash rebate system in the Philippines.

Starbox Cash Rebates System Enters The Philippines Market, Its First Overseas Market Opening

KUALA LUMPUR, Malaysia , Jan. 18, 2023 /PRNewswire/ -- Starbox Group Holdings Ltd. (Nasdaq: STBX) (the "Company" or "Starbox Group"), a service provider of cash rebates, digital advertising, and payment solutions, today announced its financial results for the fiscal year ended September 30, 2022.

Starbox Group Holdings Ltd. Announces Financial Results for Fiscal Year 2022 - Revenue Increases By 127.2% and Net Income Increases By 148.8%

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Kuala Lumpur, Malaysia, Aug. 25, 2022 (GLOBE NEWSWIRE) -- Starbox Group Holdings Ltd. (Nasdaq: STBX) (the “Company” or “Starbox Group”), a service provider of cash rebates, digital advertising, and payment solutions, today announced the closing of its initial public offering (the “Offering”) of 5,375,000 ordinary shares at a public offering price of US$4.00 per ordinary share, including 375,000 ordinary shares issued pursuant to the partial exercise of the underwriters' over-allotment option. The ordinary shares began trading on the Nasdaq Capital Market on August 23, 2022 under the ticker symbol “STBX.”

Starbox Group Holdings Ltd. Announces Closing of US$21.5 million Initial Public Offering Including Partial Exercise of Over-Allotment Option

Starbox Group Holdings (NASDAQ: STBX ) stock rose nearly 300% on its initial public offering ( IPO ) day, after trading as high as $46.21 per share. Its closing price on Aug. 23 was $15.40.

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