VANCOUVER, Sept. 7, 2017 /CNW/
- Backstageplay Inc. (NEX‐TSXV Exchange: BP.H)
(the "Company") is pleased to announce that it has finalized
its first commercial license agreement with American Music Award
winner Daughtry, where it will launch and manage a
Daughtry-inspired and branded social gamesroom on its social
gaming platform at daughtry.backstageplay.com. Revenue
generated from the Daughtry gamesroom will be shared equally
by the parties, after certain agreed expenses. The
Daughtry-inspired games room will launch in mid-September
and will be promoted by the band through social media throughout
the fall and throughout their 2018 touring season.
Daughtry is an American rock band formed and fronted by
namesake Chris Daughtry, who was a
finalist on the 5th season of American
Idol. Their self-titled debut album was released in
November 2006 and reached number one
on the Billboard 200. The album produced four Top 20 hits on the
Billboard 100 and Chris Daughtry who
with current band members Josh
Steely, Brian Craddock,
Josh Paul, Elvio Fernandes and Brandon Maclin have earned four Grammy Award
nominations, won 4 American Music Awards and brought their
emotionally resonant music to sold out arenas in South Africa, Singapore and the
Philippines.
"We are delighted to have reached the point where we are
commercializing our social gaming concept for the music industry
into a reality through the launch of our first band
Daughtry," said Scott White,
Backstageplay's CEO. "Daughtry's alternative rock style
blends perfectly with our existing gamification content. We were
delighted to have hosted Chris and the rest of the band in
Toronto while they were in town
during their summer tour and we look forward to working with them
as we work on new ways to enhance engagement with their fans."
As part of the compensation working with the Company, it has
granted stock options to Chris
Daughtry to purchase up to 200,000 common shares,
exercisable up to and including September
7th, 2022, at an exercise price of $0.20 per share. The stock options are subject to
the terms of the Company's Stock Option Plan and any necessary
regulatory approvals.
"As an artist I am constantly looking for cutting edge and
innovative new ways online to communicate with my fans and keep
them engaged, informed and rewarded for their loyalty," commented
Chris Daughtry. "Backstageplay
offers just that, all in one space. I am looking forward to
working together with the team at Backstageplay in developing and
promoting my games through social media over the coming
months."
Please visit our website
at www.backstageplay.com, where you can find a short
video and a corporate presentation. Please also visit the
Daughtry games room at www.daughtry.backstageplay.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
All statements in this news release, other than statements of
historical facts, that address events or developments that the
Company expects to occur are "forward-looking statements".
Forward-looking statements are necessarily based on estimates and
assumptions that are inherently subject to known and unknown risks,
uncertainties and other factors that may cause the Company's actual
results, performance or achievements to be materially different
from those expressed or implied by such forward-looking statements.
Forward-looking statements are not guarantees of future
performance, and actual results and future events could materially
differ from those anticipated in such statements. Factors that may
cause actual results to vary from those made in the forward looking
statements described in this document include: timing of
completion; changes in demand and prices for services; delays in
obtaining approvals, litigation, legislative, environmental and
other judicial, regulatory, political and competitive
developments;. This list is not exhaustive of the factors that may
affect the forward looking statements. These and other factors
should be considered carefully and readers should not place undue
reliance on the companies' forward-looking information. The Company
expressly disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new
information, events or otherwise, except in accordance with
applicable securities laws.
This news release does not constitute an offer to sell or a
solicitation of an offer to sell any of the securities in
the United States. The securities
have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or
any state securities laws and may not be offered or sold within
the United States or to U.S.
Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
SOURCE Backstageplay Inc.
