Toga Limited’s Wholly-Owned Subsidiary, TOGL Technology Sdn Bhd Was Awarded “Malaysia’s Fast Moving Companies” By SME100 Awards

PETALING JAYA, Malaysia, Jan. 11, 2021 (GLOBE NEWSWIRE) — Toga Limited’s (OTC: TOGL) wholly-owned subsidiary, TOGL Technology Sdn Bhd (“TOGL Technology”) was honored to win “Malaysia’s Fast-Moving Companies” at the prestigious SME100 Awards.

In December 2020, the award was presented by SME magazine – Southeast Asia’s best-selling business magazine, that hosts the annual regional awards, aimed at identifying and recognizing Malaysia’s fast-moving SMEs with a focus on growth (turnover, profit and market share) and resilience (best practices, sustainability and vision).

“We are honored that SME100 Awards recognized us as one of Malaysia’s fast-moving companies. It is a monumental achievement for TOGL Technology as it is essentially our maiden attempt at the SME100 Awards. We are happy to receive substantial recognition for our exceptional efforts and achievements throughout the year, and it serves as a boost towards further growth and success,” said TOGL Technology Chief Technology Officer, Mr. Freddy Chia, who accepted the award on behalf of TOGL Technology.

Independently researched, ranked and published by the SME magazine, the SME100 ranks the top and fast-moving companies in Malaysia based on both quantitative and qualitative criteria. After extensive compilation and analysis, the finalists are determined by the highest weightage average score with heavy weightage given to growth and resilience.

As the year 2020 came to an end, this was the fourth award received. The other awards included ‘The International Innovative Award 2020’, ‘The Golden Bull Award 2020 for Outstanding SME’s’ and ‘The Brand Laureate SME’s BestBrands e-Branding Award for 2020’.

Alexander D. Henderson
TOGA LIMITED, 515 S. Flower Street, 18th Floor, Los Angeles, CA 90071
(949) 333-1603

Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Any statements contained herein that are not statements of historical fact (including, but not limited to, statements to the effect that Toga Limited or its management (the “Company”) “anticipates,” “plans,” “estimates,” “expects,” or “believes,” or the negative of these terms and other similar expressions) should be considered forward-looking statements, including, without limitation, statements regarding the Company’s guidance, outlook, growth, opportunities and long-term strategy. These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. These risks and uncertainties include, without limitation, risks associated with the impact of the COVID-19 pandemic; the Company’s ability to execute on its long-term strategy; the Company’s ability to successfully compete in its intensely competitive industry; the Company’s ability to manage its growth; the Company’s ability to maintain or improve its operating margins; the Company’s ability to identify and react to trends in consumer preferences; product supply disruptions; general economic conditions; accounting standard changes; and other factors as set forth from time to time in the Company’s Securities and Exchange Commission filings, including, without limitation, the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The Company intends these forward-looking statements to speak only as of the time of this Press Release and does not undertake to update or revise them as more information becomes available, except as required by law.