PwC Hong Kong Signs Collaboration Agreement With Metaverse Developer TerraZero Technologies Inc.

TerraZero Technologies Inc. Logo (CNW Group/TerraZero Technologies Inc.)
TerraZero Technologies Inc. Logo (CNW Group/TerraZero Technologies Inc.)
PwC logo (CNW Group/TerraZero Technologies Inc.)
PwC logo (CNW Group/TerraZero Technologies Inc.)

Above: Official logos of PwC Hong Kong and TerraZero Technologies, Inc.

VANCOUVER, BC, Sept. 30, 2022 /CNW/ - TerraZero Technologies Inc. ("TerraZero" or the "Company"), a vertically integrated Metaverse technology company, announces that it entered into a collaboration agreement with PwC Hong Kong (PwC).

TerraZero's business model is focused on Metaverse product and service development, Metaverse experience creation and deployment, and platform development. Together, PwC and TerraZero are devising a go-to-market strategy to help businesses across all sectors attain, reclaim and invite new audiences and to engage with them in new ways through immersive 3D experiences. The two firms will collaborate to market each other's services to companies in Hong Kong looking to create experiences across a variety of metaverse platforms.­­­­

As well as public Metaverse experiences with B2B, B2G and B2C applications, PwC will work with TerraZero to explore new ways in which companies can build privately hosted metaverse experiences. These will have the enterprise level safety, privacy and security features that big brands need in order to interact and transact with their customers in ways that build trust with users. "The Metaverse will provide opportunities for all, from consumers to sole proprietors, small and medium-sized businesses, enterprise organizations and governments. There must be secure solutions for all," says TerraZero CEO Dan Reitzik.

"In addition to creating engaging experiences for customers and delivering sustained outcomes, it is important that companies can manage the risks around user privacy, data security, cyber, payments, tax and financial crime," says Peter Brewin, Partner, PwC Hong Kong. "TerraZero's solutions, combined with PwC's digital expertise in these areas, provide a tool kit for businesses to build experiences that their users can trust."

"This is a superb step into the metaverse for PwC Hong Kong and TerraZero together," says Guy Parsonage, Partner, PwC Hong Kong. "It enables us to take full advantage of the amazing experiences that can be created with the technology."

"TerraZero's strengths are in creating engagement, community and usability solutions which bridge the real world and the metaverse," says TerraZero CEO Dan Reitzik. "We are particularly excited about both decentralized metaverse worlds and what TerraZero is creating for private environments: where companies, entrepreneurs, artists and content creators of all kinds can safely conduct transactions and KYC processes, manage their brand IP, and more – all within an environment which brands can completely control themselves. This is the vision we will follow as the metaverse continues to grow and major entities enter the space."

Find out more about PwC's views on the metaverse's implications for business here:

https://www.pwchk.com/en/industries/financial-services/publications/the-metaverse-what-businesses-need-to-know-jun2022.html

Corporations or other entities which are interested in receiving additional information about TerraZero's commercial services and enterprise-grade technologies or which might be looking for an individual Metaverse experience or virtual reality solution for its business, could visit the Company's website www.terrazero.com or contact TerraZero at hello@terrazero.com.

About TerraZero Technologies Inc.

TerraZero Technologies Inc. ("TerraZero") is a vertically integrated Metaverse development group and leading Web 3.0 technology company specializing in helping brands create immersive experiences. The Company's Metaverse-agnostic vision is to develop and implement products and services with scalable commercial applications to flourish engagement across gamified experiences where enterprise- level businesses, Metaverse platforms, and Web3 creators can seamlessly bridge and actionably grow their virtual world and the physical world endeavors together as one. TerraZero owns digital real estate for brands to establish presence in existing virtual worlds and can also offer brands their own private worlds to provide offices and services to those interested in the Metaverse. Furthermore, TerraZero acquires, designs, builds, and operates virtual assets and solutions to monetize the Metaverse ecosystem. The Company's businesses are segmented into five (5) divisions which include: (1) Immersive experience creation in existing or private virtual worlds; (2) advertising; (3) data analytics; (4) events and marketing; and (5) infrastructure. TerraZero aims to support the community, foster innovation, and drive adoption. For more information, please visit www.terrazero.com or contact media@terrazero.com.

About PwC - Mainland China, Hong Kong SAR and Macau SAR

PwC Mainland China, Hong Kong SAR and Macau SAR work together on a collaborative basis, subject to local applicable laws. Collectively, we have over 800 partners and more than 20,000 people in total.

We provide organisations with the professional service they need, wherever they may be located. Our highly qualified, experienced professionals listen to different points of view to help organisations solve their business issues and identify and maximise the opportunities they seek. Our industry specialisation allows us to help co-create solutions with our clients for their sector of interest.

We are located in these cities: Beijing, Shanghai, Hong Kong, Shenyang, Tianjin, Dalian, Jinan, Qingdao, Zhengzhou, Xi'an, Nanjing, Hefei, Suzhou, Wuxi, Wuhan, Chengdu, Hangzhou, Ningbo, Chongqing, Changsha, Kunming, Xiamen, Guangzhou, Shenzhen, Macau, Haikou, Zhuhai and Guiyang.

About PwC - Globally

At PwC, our purpose is to build trust in society and solve important problems. We are a network of firms in 155 countries with over 327,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain statements and information that may constitute forward-looking information or statements within the meaning of applicable securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends," "expects," or "anticipates," or variations of such words and phrases or statements that certain actions, events, or results "may," "could," "should," "would," or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements," are not historical facts and are made as of the date of this news release, which includes without limitation, statements regarding discussions of future plans, estimates, and forecasts and statements as to management's expectations and intentions with respect to, among other things: the Company's intention to develop and drive traffic to its assets and platforms; the expected benefits and outcomes of the collaboration with PwC; that establishing an early presence within the Metaverse will provide the Company with new users, branding, and marketing opportunities; events, courses of action, and the potential of the Company's technology and operations, among others, are all forward-looking information.

Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, business, economic, and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company's financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to personnel, employees, and consultants; market conditions and the demand and pricing for products and services; the demand and pricing of cryptocurrencies and NFTs; security threats, including a loss/theft of TerraZero's NFTs, cryptocurrencies, and other assets; TerraZero's relationships with its customers and business partners; TerraZero's ability to successfully define, design, and release new products in a timely manner that meet customers' needs; the ability to attract, retain, and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. As a result, TerraZero may not actually achieve its plans, projections, or expectations. In addition, such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to develop software successfully, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals, and the price of cryptocurrencies and NFTs. Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements.

Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain regulatory approval, the continued availability of capital and financing, technology failures, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of COVID-19 or other viruses and diseases on the Company's ability to operate and hire personnel, competition, security threats including stolen NFTs and cryptocurrencies from TerraZero or its customers, consumer sentiment towards TerraZero's products, services and Metaverse technology generally, failure to develop new and innovative products, litigation, increase in operating costs, increase in labor costs, decrease in the price of cryptocurrencies and NFTs, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market, or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of or statements made by third parties

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SOURCE TerraZero Technologies Inc.

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