Vitaxel Group Entered a Platform Agent Agreement with Bitspark to Launch Bitcoin Remittance Service in Malaysia

Kuala Lumpur, Malaysia--(Newsfile Corp. - August 9, 2016) - Vitaxel Group Limited (OTCQB: VXEL) (the "Company" or "Vitaxel"), a multi-level marketing direct seller, with an emphasis on travel, entertainment and lifestyle products and services, today announced that the Company signed a Platform Agent Agreement with Bitspark Limited ("Bitspark") to launch BitSpark's bitcoin remittance service in Malaysia.

This agreement will allow Bitspark to add Malaysia and the Malaysian Ringgit (MYR) as a supported country and currency. As a result, the customers in Malaysia are offered access to Bitspark's full services at local money transfer outlets and provided an option for individuals to utilize mobile payments. Currently, Bitspark's market has reached to Philippine, Indonesia and Vietnam with over 100,000 cash pickup locations.

Vitaxel & Bitspark Signing a Platform Agent Agreement

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Bitspark's Chief Executive officer Mr. George Harrap stated, "Today we signed our final master agreement on bringing the Bitspark Remittance platform to Malaysia, both teams at Bitspark and Vitaxel have been working hard to make this happen and today we have reached an exciting new milestone. I think this signals the start of a working relationship that we can build on over time for new products and markets to meet the needs of our customers with our industry leading services in the financial space."

Vitaxel's Chief Executive Officer Mr. Ryan Leong, commented, "We believe that our collaboration with Bitspark, a 'game-changer' innovative fintech company, will move us closer to our corporate goals. We are commited to provide the most effective technology to deliver the best value to our current and future customers."

About Bitspark Limited

Founded in April 2014, Bitspark specializes in remittances services in the Asia Pacific region and is known for introducing the world's first brick-and-mortar bitcoin remittance vendor in Hong Kong. Bitspark provides the world first cash-in cash-out remittance platform for individuals and Money Transfer Operators to send money to emerging markets cheaper, quicker and to more destinations than ever before leveraging Bitcoin as the means of transmission with zero prior Bitcoin knowledge.

About Vitaxel Group Limited

Vitaxel Group Limited is a market leader in MLM and e-commerce space, has over 5,000 distributors in 16 countries in Asia. With three significant operating subsidiaries, Vitaxel SDN BHD (Vitaxel) and Vitaxel Online Mall SDN BHD (Vionmall), and the Vitaxel Singapore PTE. Ltd. ("Vitaxel Singapore"), Vitaxel is primarily engaged in the direct selling industry utilizing a multi-level marketing model with an emphasis on travel, entertainment and lifestyle products and services; Vionmall is engaged in the development of online shopping platforms geared to Vitaxel and its members and third party providers of products and services.

Safe Harbor Statement

This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company's periodic and other reports that are filed with the Securities and Exchange Commission and available on the SEC's website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Contacts:

Vitaxel Group Limited
Email: info@vitaxel.com
Phone: 03-2143 2889