UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

CURRENT REPORT

 

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

 

September 29, 2017 (September 29, 2017)

Date of Report (Date of earliest event reported)

 

VALUE EXCHANGE INTERNATIONAL, INC.

(Exact name of Registrant as specified in its charter)

 

Nevada

000-53537

26-3767331

(State or other jurisdiction

(Commission File Number)

(IRS Employer

of Incorporation)

 

Identification Number)

 

7/F., DartonTower

142 WaiYip Street, Kwun Tong

Kowloon, Hong Kong

(Address of principal executive offices) (Zip Code)

 

(852) 2950 4288

(Registrant’s telephone number, including area code)

 

Not applicable

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

 

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter.

 

Emerging growth company [  ]

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 7.01 Regulation FD Disclosure

 

Value Exchange International, Inc., a Nevada corporation and holding company, (“Company”) issued a press release today announcing that it had commenced implementation of a customer self-checkout point of sale system for the largest Chinese healthcare and beauty retailer. The Company estimates that the initial launch will involve approximately 3,000 retail stores in China and 300 retail stores in Hong Kong.

 

The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

 

Pursuant to General Instruction B.2 of Form 8-K, the information in this Item 7.01 and Item 8.01 below of Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise be subject to the liabilities of that section, nor is it incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Securities Exchange Act of 1934, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

 

Item 8.01 Other Events

 

The disclosures set forth in Item 7.01 Regulation FD Disclosure above are incorporated into this Item 8.01 Other Events.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.

Exhibit Description

 

 

99.1

Press Release, dated 29 September 2017, issued by Value Exchange International, Inc. regarding POS Implementation for Asian Health Care and Beauty Retail Chain

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: September 29, 2017

 

Value Exchange International, Inc.

 

/s/ Kenneth Tan Seng Wee

By: Kenneth Tan Seng Wee

Title: President, Chief Executive Officer and Director

 

 

Exhibit No.

Exhibit Description

 

 

99.1

Press Release, dated 29 September 2017, issued by Value Exchange International, Inc. regarding POS Implementation for Asian Health Care and Beauty Retail Chain

 

 

 

 

 

 

 

Exhibit 99.1

 

VALUE EXCHANGE INTERNATIONAL, INC. STARTS IMPLEMENTATION OF CUSTOMER SELF-CHECKOUT SYSTEMS FOR LARGEST CHINESE HEALTH AND BEAUTY CARE CHAIN

 

PRESS RELEASE FOR IMMEDIATE RELEASE  

 

Sept. 29, 2017

 

Hong Kong, September 29, 2017 (Globe Newswire) : Value Exchange International, Inc., (OTCQB: VEII)(“Value Exchange”) announced today the start of implementation of customer self-checkout systems in China, Hong Kong and Malaysia for the largest Chinese health care and beauty retailer.

 

‘We are delighted to provide the first large scale rollout of customer self-checkout systems in China, Hong Kong and Malaysia for the largest health care and beauty care retail chain in China. This is an important step in our strategy to expand our operations in Malaysia and South East Asia. The initial rollout includes customer self-checkout systems for projected 3,000 stores in China and 300 stores in Hong Kong,” said Kenneth Tan, Value Exchange’s Chief Executive Officer.

 

About Value Exchange International, Inc. Value Exchange is a U.S. public holding company headquartered in Hong Kong SAR and with offices in: Shenzhen, Guangzhou, Shanghai, and Beijing in China; Manila; and Kuala Lumpur. Through its subsidiaries, Value Exchange provides Mobile Payment Gateway (QR code purchase at POS) customer-centric solutions for the retail industry in Asia. By integrating market-leading Point-of-Sale/Point-of-Interaction (POS/POI), Merchandising, CRM & Reward, Locational Based (GPS & Indoor Positioning System (IPS)) Marketing, Customer Analytics, and Business Intelligence solutions. The company’s retail POS solutions processes tens of millions of transactions per year via approximately 20,000 retail outlets in Asia. Value Exchange through its operating subsidiaries provides POS systems installation, maintenance, software, and systems support and solutions as needed to approximately 20,000 retail outlets in Hong Kong SAR-Macau-China region, Philippines, Singapore and Malaysia.

 

Forward Looking Statements : To the extent that statements contained in this press release are not descriptions of historical facts regarding Value Exchange, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words such as “projected,” "may," "will," "expect," "anticipate," "estimate," "intend," and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Forward-looking statements in this release involve substantial risks and uncertainties that could cause future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Some risks and uncertainties may be unforeseeable or become more significant in time, especially in the highly competitive and technologically evolving POS/POI industry. Value Exchange undertakes no obligation to update or revise any forward-looking statements, except as required by law. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Value Exchange in general, see Value Exchange’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016 and Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2017, as filed with the U.S. Securities and Exchange Commission.

 

Contact for More Information:

Matthew Mecke, Value Exchange IR Director

ir(@)value-exch.com