HONG
KONG, March 25, 2024 /PRNewswire/ -- ICZOOM
Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B
electronic component products e-commerce platform, announced today
that it is celebrating the one-year anniversary of its listing
on the Nasdaq.
Since listing on the Nasdaq on March 15, 2023, ICZOOM has
continued to upgrade its proprietary self-developed SAAS system to
enhance its platform services. ICZOOM built a highly expandable and
distributed software architecture that can be sustainably improved.
ICZOOM also established an effective user experience design process
in SaaS suite to improve the experience of customers. Notably, the
number of ICZOOM's repeat customers in FY2023 was 549, accounting
for 67.5% of the total number of customers for FY2023, compared to
only 58.0% in FY2022.
ICZOOM's CEO, Mr. Lei Xia, commented, "We are honored to
celebrate our first anniversary of listing on Nasdaq as we review
the progress we have made in the past year. ICZOOM will continue to
solidify its position in electronic component products trading and
anticipates to make more contributions to the development of the
global market. We look forward to our future growth and remain
committed to creating long-term value for our shareholders."
About ICZOOM Group Inc.
ICZOOM Group Inc. (Nasdaq: IZM) is primarily engaged in sales of
electronic component products to customers in Hong Kong and mainland China through its B2B e-commerce platform.
These products are primarily used by China based small and medium-sized enterprises
("SMEs") in the consumer electronic industry, Internet of Things
("IoT"), automotive electronics and industry control segments. By
utilizing latest technologies, the Company's platform collects,
optimizes and presents product offering information from suppliers
of all sizes, all transparent and available to its SME customers to
compare and select. In addition to the sales of electronic
component products, the Company also provides services to customers
such as temporary warehousing, logistic and shipping, and customs
clearance. For more information, please visit the Company's
website: http://ir.iczoomex.com/index.html.
Forward-Looking Statements
Certain statements in this announcement are forward-looking
statements. These forward-looking statements involve known and
unknown risks and uncertainties and are based on the Company's
current expectations and projections about future events that the
Company believes may affect its financial condition, results of
operations, business strategy and financial needs. Investors can
identify these forward-looking statements by words or phrases such
as "anticipate," "estimate," "plan," "project," "continuing,"
"ongoing," "expect," "we believe," "we intend," "may," "should,"
"will," "could" and similar expressions. The Company undertakes no
obligation to update or revise publicly any forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results and encourages investors to
review other factors that may affect its future results in the
Company's registration statement and other filings with the U.S.
Securities and Exchange Commission.
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SOURCE ICZOOM Group Inc.