New Momentum Corp. (OTC: NNAX)

New Momentum Corp. operates as an online ticketing platform provider, primarily serving the travel and tourism industry. The company's core business revolves around its subsidiary, Nemo Holding, which developed and operates Gagfare.com, an online platform that offers a ticketing system for individuals and agencies to search, book, and issue flight tickets and other related services. The platform also operates through its app, Gagfare, providing users with a convenient way to access its services.

New Momentum Corp. generates revenue through its online flight ticket booking and ticket issuance services. The primary product is the Gagfare platform, which offers a unique "book-now-pay-later" solution. For each advance booking made through this solution, a non-refundable $2.00 booking fee is charged. Additionally, when users decide to proceed with their booked flight plans, full payment for the tickets is made for ticket issuance, which may still yield a market ticket price margin for Gagfare. The company also plans to generate advertising income by providing advertising spots on its web and mobile application platforms for travel-related businesses.

• Gagfare: This segment encompasses the development and operation of the Gagfare.com platform and its associated app. The platform provides a ticketing system that allows users to search, book, and issue flight tickets. It caters to individual travelers and agencies, offering a unique "book-now-pay-later" solution that enables users to secure flight reservations with a minimal upfront payment. The platform is designed to provide access to promotional deals directly from airlines' reservation systems, ensuring competitive airfares. The segment is currently undergoing an upgrade and is expected to expand into other ticketing markets, including travel packages, cruises, trains and buses, hotel rooms, theme parks, and sports and event tickets.

New Momentum Corp. positions itself as a pioneer in the online ticketing industry, particularly with its innovative "book-now-pay-later" solution. This feature addresses a common pain point in the travel industry, where users often face time constraints and the risk of losing desired flight options due to the need to pay the full ticket price immediately. By allowing users to secure their desired flights with a minimal upfront payment, Gagfare differentiates itself from many existing online travel booking sites. The platform's user-friendly interfaces and access to multiple global distribution systems further enhance its competitive advantage, enabling users to search and book flights directly through airlines' own reservation systems. This direct access ensures that users can find the best available promotional deals, which may not be accessible through other online platforms.

The general customer base for New Momentum Corp. consists of individual travelers and agencies seeking to book flight tickets and other travel-related services. The company's innovative "book-now-pay-later" solution and user-friendly interfaces cater to a broad range of users, from casual travelers to frequent flyers and travel agencies. By expanding into other ticketing markets, the company aims to provide a comprehensive one-stop travel and entertainment booking center for consumers worldwide.