Reebonz Announces New Visual Search Tool on Its Mobile Application

August 13, 2019

SINGAPORE, Aug. 13, 2019 (GLOBE NEWSWIRE) -- Reebonz Holding Limited (the “Company” or “Reebonz”; Nasdaq: RBZ), a leading online luxury marketplace and platform in Asia Pacific, announced today that it has recently launched a new visual search tool on its mobile application to make it easier for users to search for the luxury products that they want.

As social media channels have created ever more opportunities to discover new products, Reebonz has invested in developing a disruptive new tool that allows customers to search for their next purchase using visuals rather than just keywords. Users can now browse over 800 thousand SKUs on Reebonz’s platform by uploading an image from their phone, or even by taking a live photograph. Using artificial intelligence (“AI”) and a variety of algorithms, Reebonz is incorporating visual search to further support its vision of making luxury accessible to everyone.

Benjamin Han, Co-founder and Chief Marketing Officer of Reebonz, commented, “We are extremely excited to launch visual search on our mobile application, across both iOS and Android. Enabling easier search capabilities will make it simpler and more intuitive for people to find the luxury products they want, and for us to increase customer conversion. We have over 2 million mobile app downloads, and believe that our customers will find this tool both fun and highly useful.”

Forward-Looking and Cautionary Statements
Certain statements made in this release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Reebonz’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: the ability to maintain NASDAQ’s continued listing standards; Reebonz’s ability to manage growth; the reaction of Reebonz customers and suppliers to its business combination; rising costs adversely affecting Reebonz’s profitability; potential litigation involving Reebonz’s intellectual property; and general economic and market conditions impacting demand for Reebonz’s products. See the risk factors disclosed in Reebonz’s most recently filed prospectus, filed with the SEC on April 17, 2019 for additional risks. Reebonz does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About Reebonz:

Headquartered in Singapore, Reebonz is the trusted online platform for buying and selling a wide range of luxury products. Reebonz makes luxury accessible by giving our members more from the world of luxury through Reebonz.com and Reebonz Closets app—a standalone C2C platform that allows customers to buy and sell their pre-owned items to a community of over 5.5 million members. With an easy shopping experience, members can enjoy convenient access to new and pre-owned luxuries curated from all around the world. Reebonz has offices located in Australia, Hong Kong, Indonesia, Malaysia, South Korea, Thailand, and Taiwan.

For investor and media inquiries, please contact:
Reebonz Holding Limited | ir@reebonz.com
Christensen | Tip Fleming | tfleming@ChristensenIR.com | Contact:  +1 917 412 3333

For more information on Reebonz, please visit www.reebonz.com

Stay connected with us at:
Facebook: @ReebonzSG | Instagram:@ReebonzOfficial

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Source: Reebonz Limited

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