New York, October 6th / PRNewswire / —— TEN Holdings, Inc. (Nasdaq: XHLD) (“TEN Holdings” or “the Company”) announced today that it has moved its corporate headquarters to 1 Rockefeller Plaza, 2nd Floor, New York, NY 10020 in New York City, New York State, with immediate effect. The new address replaces the company’s previous headquarters located in Lanham, Pennsylvania.

This relocation follows closely on the launch of TEN, and also supports the company's growth strategy outlined in July, which includes building its technology platform as well as advancing disciplined strategic acquisitions to expand technical capabilities, recurring revenue bases, and market influence. New York is home to many investors, analysts, consultants, and sources of transactions that are crucial for growing listed technology companies. It also boasts a large number of corporate clients served by TEN.

“TEN has changed this company, and our location should also reflect that,” said TEN Holdings, Inc. The Chairman and CEO, Virgilio Torres, stated, “New York brings us closer to the investment community, closer to the advisors and transaction flows behind our acquisition priorities, and also closer to the corporate clients for whom we build TEN. As we enter the next phase of growth, this will enhance our image and provide us with a more efficient and flexible office layout, which is in line with the financial discipline we have committed to during our expansion process.”

The company team will continue to work remotely.

Matters supported by the new headquarters

• Closer to the investment community. Institutional investors, analysts, and a company's investor relations advisors are concentrated in New York, which makes it easier for management to have face-to-face meetings with shareholders and potential investors.
• Closer to the capital market and sources of transactions. This location puts management in close proximity to bankers, consultants, and lawyers involved in financing and technology mergers and acquisitions, thereby supporting the company's strategic acquisition priorities.
• Closer to corporate clients. Many of the corporate clients and potential clients served by TEN are located in the New York metropolitan area, covering fields such as financial services and life sciences.
• Enhancing visibility. The address in Midtown Manhattan helps the company to increase its presence among investors and financial media during the process of building TEN into a broader technology platform.

Investors should still consult through the contact information provided below.

Regarding TEN Holdings, Inc.

TEN Holdings, Inc. (Nasdaq: XHLD) is a technology company built around TEN. TEN is a digital experience platform used for creating, producing, interacting with, marketing, and measuring digital experiences, starting with corporate events, webinars, and continuing education. TEN can support up to 50,000 concurrent participants and leverages over a decade of experience in producing key corporate broadcasts for Fortune 500 clients. The company plans to expand TEN beyond events and webinars to include AI as well as automation, landing pages, integration, interaction, reporting and analysis, and content studios. No guarantees are provided regarding the launch time or availability of the aforementioned features. The company is headquartered in New York. For more information, please visit www.tenholdingsinc.com.

Forward-looking Statements

Certain statements in this press release may constitute “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Terms such as “(expected)”, “(believes)”, “(continues)”, “(may)”, “(estimates)”, “(intends)”, “(plans)”, “(possible)”, “(projects)”, “(should)”, “(goal)”, “(will)”, “(shall)”, and similar phrases are used to identify forward-looking statements, although not all forward-looking statements contain these words. Due to a variety of important factors, actual results may differ significantly from those indicated in these forward-looking statements. These factors include, but are not limited to: the company’s growth strategy, the development, availability, and adoption of TEN, as well as its planned expansions (including AI and automation, landing pages, integration, interactions, reporting and analysis, and content studio features); the company’s recurring revenue strategy; potential acquisitions; expected benefits from the new headquarters location; and uncertainties related to market conditions and other factors discussed in the company’s most recent 10-K annual report filed with the U.S. Securities and Exchange Commission (SEC) and other SEC documents. For these reasons and others, investors are advised not to rely excessively on any forward-looking statements contained in this press release. Any forward-looking statements in this press release are only valid as of the date of issuance of this press release, TEN Holdings, Inc.It is explicitly stated that, except as required by law, there is no obligation to update any forward-looking statements due to new information, future events, or other reasons.

For more information, please contact:

Investor Relations Inquiry: