Newstead Technologies matches dollar-for-dollar and contributed S$50,000 to The Straits Times School Pocket Money Fund.
Mindy Tan, Managing Director of Newstead Technologies (right) presented a cheque of $50,000 to Irene Ngoo, Organising Vice-Chairman, SPMF
Newstead Technologies matches dollar-for-dollar to raise $50,000
Newstead Technologies contributes to The Straits Times School Pocket Money Fund through notebook charity auction, roadshow and promotions.
Singapore, 2 August 2011 –– Newstead Technologies, a major consumer electronics retailer in Singapore, today announced that they have successfully raised $50,000 for The Straits Times School Pocket Money Fund (SPMF). The home-grown retailer organised a two-week campaign in May 2011 which included the inaugural Bid to Give charity auction, roadshow and promotions. Mindy Tan, Managing Director of Newstead Technologies presented a cheque of $50,000 to Irene Ngoo, Organising Vice-Chairman, SPMF at Newstead Technologies. The funds raised will go towards benefitting more than 11,000 needy students with their school expenses this year.
The campaign was supported by key sponsor, Microsoft Singapore, leading notebook makers and partners of Newstead Technologies. Together, the partners donated 27 brand new notebooks for the first-ever multi-brand notebook auction. With bids starting at $199, the 2-day charity auction recorded a highest bid of $1,749 for a single notebook and raised almost $20,000 for SPMF. Newstead Technologies also donated $10 for every notebook sold and another $5 for every Microsoft Office 2010 purchased during the two-week campaign. To top it off, Newstead Technologies matched dollar-for-dollar for all funds raised during the campaign and brought the total amount raised to $50,000.
“We are heartened that our partners and Singaporeans had come forward to pledge their support for the charity drive. We have raised more than we had expected and seeing all the enthusiasm for the cause, we have decided to match the contributions dollar-for-dollar,” said Mindy. “We will continue to leverage our partnerships and come out with creative ways to give back to society,” Mindy added.
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About Newstead Technologies
Newstead Technologies is a major consumer electronics retailer in Singapore. Started in 1999 with single store at Sim Lim Square, Newstead has over 40 outlets islandwide today. It offers the full range of consumer electronic products from an array of global brands. For more information on Newstead Technologies, please visit www.newstead.com.sg.