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

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:

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