StockLogistics
2 years ago
“8:00a ET 8/18/2022 - Globe Newswire
Alpha Metaverse Partners With Future of Ecommerce SPACE Metaverse
Alpha Metaverse Technologies Inc. (CSE: ALPA) (FSE: 9HN0), (OTC PINK: APETF) ("Alpha" or the "Company"), a technology company that focuses on emerging markets in esports, mobile gaming, ecommerce, blockchain, and high growth opportunities, is excited to announce that Alpha, via its wholly owned subsidiary, Shape Immersive ("Shape"), has entered into a partnership with SPACE Metaverse ("SPACE") to assist SPACE in developing ecommerce experiences in the metaverse.
SPACE, founded in 2021, is a leader in the metaverse commerce world and aims to provide a powerful platform that allow users to design and create their own custom virtual rooms in addition to buying and selling their products and services. SPACE's goal is to create a metaverse that provides consumers with a seamless and straightforward virtual experience for shopping, events, gamification, and other fun social activities without physical borders.
Shape will be a preferred vendor of SPACE and will create retail stores and ecommerce experiences on the SPACE platform for leading brands who are entering the metaverse. Since being founded in 2018, Shape has been extremely successful in building award-winning brand and retail experiences in the metaverse and accumulated an impressive portfolio of leading brands, including Red Bull, Coca-Cola and RTFKT (acquired by Nike).
SPACE's investors include a number of the most web3 technologies including CoinFund, DapperLabs, and AnimocaBrands. CoinFund boasts a portfolio of over 60 investments. Digital Dapper Labs is the creator of NBA Top Shot, as well as a number of other blockchain-based games. Animoca Brands is the leading VC blockchain game portfolio.
"COVID greatly accelerated the adoption of eCommerce and we believe SPACE Metaverse will help transform the ecommerce experience of many brands and consumers once again. We are excited to take digital commerce to the next level with this partnership," said James Basnett, Co-Founder of Shape.
Given the rapid growth of consumers entering the metaverse, SPACE is focused on providing tools for users to design virtual goods for purchase, and to provide a platform that allow users to monetize their virtual assets and creations.
Regarding this strategic partnership, SPACE's CEO Batis Samadian states, "The founding team at Shape has been important in teaching companies and leaders about power of the metaverse and we are proud to have them as a partner pushing Space Metaverse forward to Fortune 500 companies and category leading brands."
Together, Shape will work alongside SPACE to create and extend the value of SPACE to support it in becoming the leading ecommerce tool in the metaverse.”
GUNSMOKE
3 years ago
Alpha Metaverse Technologies Signs Partnership with GEMS Technology LTD; Update on GaaS
8:00 am ET June 21, 2022 (Globe Newswire) Print
EQNX::TICKER_START (CNSX:ALPA.CN),(OTC US:APETF),(Other OTC:APETF),(Frankfurt:9HN0.F), EQNX::TICKER_END Alpha Metaverse Technologies Inc. (CSE: ALPA) (FSE: 9HN0), (OTC PINK: APETF) ("Alpha" or the "Company") a technology company that focuses on emerging markets in esports, mobile gaming, ecommerce, blockchain, and high growth opportunities, is pleased to announce it has signed a partnership with GEMS Technology LTD ("GEMS") to utilize Alpha's Gaming as a Service ("GaaS"), Mana.
Alpha's GaaS, Mana, offers a fully customizable white label tournament engine that allows organizations and brands to launch their own gaming platforms without having to fund technological or backend systems. Mana fully supports Web3 assets such as cryptocurrencies and "Play 2 Earn" games. Mana provides the technology, the backend, reporting, and more while organizations and brands will own the customer experience in their app and/or website. Mana allows the Company to provide gaming content on a continuous revenue model.
"The development and now successful sales of Mana is an important milestone for Alpha, as it provides the company with recurring revenue, strong partnerships and significant upside user growth," stated Brian Wilneff, CEO of Alpha. "We are excited to help GEMS become a world leading Web3 esports tournament platform."
"We are very excited to be working along with Alpha and using Mana to build out our own successful esports tournament engine," said, GEMS CEO Andy Koh. "Mana will be used to build and grow our tournament engine and incorporate our web3 assets. We will be utilizing our cryptocurrency and developing our 'Play 2 Earn' games."
About Alpha Metaverse Technologies Inc.
Alpha Metaverse Technologies Inc. is a technology company that focuses on emerging industries in Esports, mobile, console and web-based gaming, ecommerce, and other high growth opportunities such as augmented reality / virtual reality Web3 and Blockchain-based businesses. Through a strong portfolio of technology assets and products such as GamerzArena and HeavyChips, Alpha brings a unique mass-appeal focus to modern gaming platforms. Learn more at: www.alphametaverse.com
Contact:
Investor Relations: ir@alphametaverse.com - 604 359 1256
GUNSMOKE
3 years ago
APETF ! NEWS !! Alpha Metaverse Technologies Completes Acquisition of Shape Immersive Entertainment Inc.
Press Release | 05/05/2022
VANCOUVER, British Columbia, May 05, 2022 (GLOBE NEWSWIRE) -- Alpha Metaverse Technologies Inc. (CSE: ALPA) (FSE: 9HN0), (OTC PINK: APETF) (“Alpha” or the “Company”) is pleased to announce, further to its news release dated April 13, 2022, that it has completed the acquisition (the “Acquisition”) of 100% of the issued and outstanding share capital of Shape Immersive Entertainment Inc. (“Shape”) from all of the former shareholders of Shape (the “Shape Shareholders”).
Shape creates three dimensional and non-fungible token (“NFT”) content and experiences for brands including Red Bull® and the Olympics®. Shape has also created metaverse experiences for NFT leaders RTFKT® (recently acquired by Nike®) and Star Atlas®. Bringing Shape’s next-gen content creation abilities into the Company’s portfolio of gaming solutions are intended to accelerate the Company’s metaverse production capabilities, provide cross-selling opportunities across business units and allow further gaming intellectual property development and speed to market. Shape will function as a business unit within the Company and Shape’s management team will continue to lead the studio.
“Acquiring Shape accelerates Alpha’s positioning as a global leader in metaverse technology, NFT content creation and Web3 gaming. Shape’s reputation and skill sets are important assets to add to Alpha’s growing portfolio of gaming ‘software as a service’ applications and metaverse capabilities. The Acquisition will allow the Company to both invest in Shape’s growth and capacity while also giving Alpha the ability to build recognized metaverse gaming experiences in-house,” stated Brian Wilneff, CEO of Alpha.
A leader in metaverse development since inception in 2018, Shape was founded by Vancouver VR/AR Association co-presidents, Alex Chuang and Dan Burgar. Alex Chuang is a BC Business ‘30 under 30’ award winner and founded Launch Academy, Western Canada’s largest tech incubator, which has helped its members raise over $2 Billion since inception. Dan Burgar is an official ‘top 15 technology voice’ on LinkedIn® and a leading voice generally in the global metaverse community.
“The metaverse is anticipated to be worth between $8 trillion to $13 trillion by 2030. By combining Shape’s talent and experience in Web3 with the existing gaming portfolio and user base of Alpha, Alpha will further its expansion into Web3 and position itself to capitalize on the unique tipping point in technology disruption,” stated James Basnett, CEO of Shape.
In connection with the Acquisition, the Company also announces that 3,500,000 performance warrants that were issued on September 1, 2020 to certain consultants have vested in accordance with their terms and become exercisable.
About Alpha Metaverse Technologies Inc.
Alpha Metaverse Technologies Inc. is a technology company that focuses on emerging industries in Esports, mobile, console and web-based gaming, ecommerce, and other high growth opportunities such as augmented reality / virtual reality Web3 and Blockchain-based businesses. Through a strong portfolio of technology assets and products such as GamerzArena and HeavyChips, Alpha brings a unique mass-appeal focus to modern gaming platforms. Learn more at: www.alphametaverse.com
Contact:
Investor Relations: ir@alphametaverse.com - 604 359 1256
Media and Public Relations: media@alphametaverse.com
On Behalf of The Board of Directors
Brian Wilneff
Chief Executive Officer
Forward-Looking Statement
This news release contains “forward-looking information” within the meaning of applicable securities laws relating to statements regarding the Company's business and plans, including with respect to undertaking further acquisitions, incorporation of Shape’s abilities into the Company’s portfolio of gaming solutions, cross-selling across business units, development of further gaming intellectual property and metaverse gaming experiences, future value of the metaverse industry and the Company’s ability to position itself to capitalize on the metaverse industry. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, the risks that the Company does not complete any further acquisitions; that the Company is unable to incorporate Shape’s abilities into its portfolio of gaming solution; the Company’s inability to cross-sell across business units; the risk that the Company is unable to develop further gaming intellectual property and metaverse gaming experiences; the risk the future value of the metaverse industry does not materialize; the risk the Company is unable to position itself to capitalize on the metaverse industry; and that the Company may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct and makes no reference to profitability based on sales reported. The statements in this news release are made as of the date of this release.
GUNSMOKE
3 years ago
Alpha Metaverse Technologies Announces First Tranche Closing of $2,780,125 Brokered Private Placement
Press Release | 03/08/2022
The Company also provides corporate update
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
VANCOUVER, British Columbia, March 08, 2022 (GLOBE NEWSWIRE) -- Alpha Metaverse Technologies Inc. (CSE: ALPA) (FSE: 9HN), (OTC PINK: APETF) (“Alpha” or the “Company”) is pleased to announce that on March 7, 2022, it completed the first tranche of its previously announced best-efforts private placement offering (the “Offering”), issuing an aggregate of 11,120,500 units of the Company (the “Units”) at a price equal to $0.25 per Unit (the “Offering Price”) for aggregate gross proceeds of $2,780,125.
Each Unit is comprised of one common share of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant is exercisable to acquire one additional Common Share (a “Warrant Share”) at an exercise price of $0.40 per Warrant Share until March 7, 2024.
Pursuant to an agency agreement dated March 7, 2022 with the Company, Research Capital Corporation (the “Agent”) acted as the lead agent and sole bookrunner in connection with the Offering.
The net proceeds raised under the Offering will be used for the Company’s business operations, working capital and general corporate purposes.
“Closing this financing is an important milestone for Alpha and puts the Company in a strong position to push forward in 2022 and beyond,” said CEO of Alpha, Brian Wilneff. “We strongly feel that we have spent the last several months positioning ourselves to be a major player in the Metaverse space and this financing allows us to be flexible in those pursuits.”
As consideration for the services rendered by the Agent in connection with the Offering, the Company has paid an aggregate cash commission equal to $166,808 and has issued an aggregate of 667,230 non-transferable broker warrants (the “Broker Warrants”). Each Broker Warrant entitles the holder thereof to purchase one unit (a “BW Unit”) having the same terms of a Unit at an exercise price per BW Unit equal to the Offering Price until March 7, 2024. As further consideration for the services provided in connection with the Offering, the Company has also paid an aggregate corporate finance work fee equal to $55,603 and has issued an aggregate of 222,410 corporate finance fee warrants (the “Corporate Finance Fee Warrants”). Each Corporate Finance Fee Warrant entitles the holder thereof to purchase one unit (a “CFF Unit”) having the same terms as a Unit at an exercise price per CFF Unit equal to the Offering Price until March 7, 2024.
The securities issued in connection with the Offering are subject to a statutory resale restriction which will expire July 8, 2022 in accordance with applicable securities legislation.
Change in Board of Directors
The Company is also pleased to announce, effective immediately, Harwinder Parmar has been appointed to its Board of Directors. Mr. Parmar has over 10 years experience in corporate restructuring and building sales operations for technology companies. Mr. Parmar obtained a Bachelor of Technology in Technology Management in 2008 from the British Columbia Institute of Technology. The Company also announces that Tim Laidler has resigned from the Company’s Board of Directors. The Company thanks Tim Laidler for his service to the Company and wishes him success in his future endeavors.
Settlement of Debt
In addition, the Company announces it is settling (the “Debt Settlement”) $749,034 in aggregate indebtedness (the “Debts”) through the issuance of an aggregate of 2,416,239 common shares in the capital of the Company (the “Debt Settlement Shares”) with each Debt Settlement Share issued at a deemed value of $0.31. The Debts were owed to certain arm’s-length creditors of the Company as well as to related parties of the Company and have been fully discharged by the issuance of the Debt Settlement Shares.
A total of 182,904 Debt Settlement Shares have been issued to a corporation controlled by Eli Dusenbury, Chief Financial Officer of the Company, and 237,097 Debt Settlement Shares have been issued to a corporation controlled by Matthew Schmidt, Director of the Company. The participation of Mr. Dusenbury and Mr. Schmidt, or corporations controlled thereby, in the Debt Settlement constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security holders in Special Transactions (“MI 61-101”). The Company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the Debt Settlement as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves the related parties, exceeded 25% of the Company’s market capitalization. The Company did not file a material change report more than 21 days before the closing of the Debt Settlement as the details of the participation therein by related parties of the Company had not been determined until shortly prior to closing of the Debt Settlement.
The securities issued in connection with the Debt Settlement are subject to a statutory resale restriction which will expire July 9, 2022, in accordance with applicable securities legislation.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold to, or for the account or benefit of, persons in the United States or U.S. persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. "United States" and "U.S. person" are as defined in Regulation S under the U.S. Securities Act.
About Alpha Metaverse Technologies Inc.
Alpha Metaverse Technologies Inc. is a technology company that focuses on emerging industries in Esports, mobile gaming, ecommerce, and other high growth opportunities. Through a strong portfolio of technology assets and products such as GamerzArena, Alpha Metaverse Technologies brings a unique mass-appeal focus to modern gaming platforms. Learn more at: www.alphametaverse.com
Contact:
Investor Relations: ir@alphametaverse.com - 604 359 1256
Media and Public Relations: media@alphametaverse.com
On Behalf of The Board of Directors
Brian Wilneff
Chief Executive Officer
Thugmuffin
3 years ago
$APETF Alpha Metaverse Technologies Announces Signing of Definitive Agreement to Acquire 100% of Shape Immersive Entertainment Inc.Press Release | 04/13/2022
VANCOUVER, British Columbia, April 13, 2022 (GLOBE NEWSWIRE) -- Alpha Metaverse Technologies Inc. (CSE: ALPA) (FSE: 9HN0), (OTC PINK: APETF) (“Alpha” or the “Company”) is pleased to announce, further to the Company’s news release dated January 24, 2022, that it has signed a definitive agreement (the “Agreement”) with Shape Immersive Entertainment Inc. (“Shape”) and all of the shareholders of Shape (the “Shape Shareholders”), to acquire (the “Acquisition”) 100% of the issued and outstanding share capital of Shape.
Upon completion of the Acquisition, Shape will continue to function as a fully operational metaverse creator engaged in the development of non-fungible token (“NFT”) technology, augmented reality experiences, and three dimensional (“3D”) products to transform user experiences. Shape is a leader in 3D NFTs, holograms, augmented and virtual reality, and play-to-earn game development. Shape has also partnered or worked with many well-known Fortune 1000 and other category leading companies such as RTFKT® (recently acquired by Nike®), Red Bull®, Intel® and the Olympics®.
“Entering into this Agreement with Shape represents a major milestone for Alpha in our expansion into Web3 and Metaverse-based gaming and branded experiences,” said Brian Wilneff, Alpha CEO. “We look forward to completing the Acquisition and growing Shape’s continued studio work for major brands and leveraging its development capabilities to grow Alpha’s existing gaming properties. This combination of internal and external studio work will also expand Alpha’s business development pipeline and partnership growth.”
Purchase Consideration:
On and subject to the conditions set forth in the Agreement, the Company will deliver the following consideration for the Acquisition:
(a) Payment of an aggregate $500,000 in cash to the Shape Shareholders (collectively) on the closing date of the Acquisition (the “Closing Date”);
(b) Issuance of an aggregate 14,000,000 common shares in the capital of the Company (each, a “Alpha Share”) to the Shape Shareholders (collectively) on the Closing Date;
(c) Payment of an aggregate $500,000 in cash to the Shape Shareholders (collectively) within one-hundred and eighty (180) days following the Closing Date (the “Additional Cash Consideration”); and
(d) Issuance of an aggregate of 840,000 Alpha Shares to certain individuals for services rendered in connection with the successful completion of the transaction contemplated by the Agreement on the Closing Date.
The 14,000,000 Alpha Shares to be issued pursuant to the Acquisition shall be subject to escrow restriction whereby 10% of such Alpha Shares shall be released on the Closing Date, and thereafter, 18% of such remaining Alpha Shares shall be released after each subsequent four (4) month period following the Closing Date (the “Escrow Arrangement”).
The Company shall grant a general security interest in favour of the Shape Shareholders for the purposes of securing the payment of the Additional Cash Consideration. In the event the Additional Cash Consideration has not been paid within one-hundred and eighty (180) days following the Closing Date, the Company shall issue an additional aggregate 6,678,000 Alpha Shares to the Shape Shareholders (collectively), the Escrow Arrangement shall no longer apply and the Company shall maintain the obligation to pay the Additional Cash Consideration.
In addition, the Company has agreed to issue up to an aggregate of 9,000,000 Alpha Shares to certain Shape Shareholders (collectively) who will be joining Alpha, upon completion of the Acquisition, as employees or consultants (collectively, the “Milestone Shares”), on the following basis:
(a) 500,000 Milestone Shares upon the market capitalization of Alpha being not less than $50,000,000 for a period of 10 consecutive trading days;
(b) 500,000 Milestone Shares upon the market capitalization of Alpha being not less than $75,000,000 for a period of 10 consecutive trading days;
(c) 1,000,000 Milestone Shares upon the market capitalization of Alpha being not less than $100,000,000 for a period of 10 consecutive trading days;
(d) 1,000,000 Milestone Shares upon the market capitalization of Alpha being not less than $125,000,000 for a period of 10 consecutive trading days;
(e) 1,000,000 Milestone Shares upon the market capitalization of Alpha being not less than $150,000,000 for a period of 10 consecutive trading days;
(f) 1,000,000 Milestone Shares upon the market capitalization of Alpha being not less than $175,000,000 for a period of 10 consecutive trading days;
(g) 1,000,000 Milestone Shares upon the market capitalization of Alpha being not less than $200,000,000 for a period of 10 consecutive trading days;
(h) 1,000,000 Milestone Shares upon the market capitalization of Alpha being not less than $250,000,000 for a period of 10 consecutive trading days;
(i) 1,000,000 Milestone Shares upon the market capitalization of Alpha being not less than $300,000,000 for a period of 10 consecutive trading days; and
(j) 1,000,000 Milestone Shares upon the market capitalization of Alpha being not less than $350,000,000 for a period of 10 consecutive trading days,
provided that each respective milestone must be achieved within five years after the Closing Date and that the market capitalization for each milestone shall be calculated based on the price per Alpha Share on the Canadian Securities Exchange multiplied by the number of Alpha Shares then outstanding.
Closing of the Acquisition is subject to customary conditions, including receipt of all necessary regulatory and other approvals.
About Alpha Metaverse Technologies Inc.
Alpha Metaverse Technologies Inc. is a technology company that focuses on emerging industries in Esports, mobile, console and web-based gaming, ecommerce, and other high growth opportunities such as augmented reality / virtual reality Web3 and Blockchain-based businesses. Through a strong portfolio of technology assets and products such as GamerzArena and HeavyChips, Alpha brings a unique mass-appeal focus to modern gaming platforms. Learn more at: www.alphametaverse.com
Contact:
Investor Relations: ir@alphametaverse.com - 604 359 1256
Media and Public Relations: media@alphametaverse.com
On Behalf of The Board of Directors
Brian Wilneff
Chief Executive Officer
Forward-Looking Statement
This news release contains “forward-looking information” within the meaning of applicable securities laws relating to statements regarding the Acquisition, the Company's business and plans, including with respect to undertaking further acquisitions, the satisfaction of additional payments and the achievement of certain milestones, including but not limited to, any increase in market capitalization. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, the risks that the Acquisition does not complete as contemplated, or at all; that the Company does not complete any further acquisitions; that the Company does not satisfy its future payments and issuances; that the Company does meet any or all of its future milestones, including but not limited, any increase in market capitalization; and that the Company may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct and makes no reference to profitability based on sales reported. The statements in this news release are made as of the date of this release.
GUNSMOKE
3 years ago
Alpha Metaverse Technologies Announces Signing of Definitive Agreement to Acquire 100% of Shape Immersive Entertainment Inc.
8:00 am ET April 13, 2022 (Globe Newswire) Print
Alpha Metaverse Technologies Inc. (CSE: ALPA) (FSE: 9HN0), (OTC PINK: APETF) ("Alpha" or the "Company") is pleased to announce, further to the Company's news release dated January 24, 2022, that it has signed a definitive agreement (the "Agreement") with Shape Immersive Entertainment Inc. ("Shape") and all of the shareholders of Shape (the "Shape Shareholders"), to acquire (the "Acquisition") 100% of the issued and outstanding share capital of Shape.
Upon completion of the Acquisition, Shape will continue to function as a fully operational metaverse creator engaged in the development of non-fungible token ("NFT") technology, augmented reality experiences, and three dimensional ("3D") products to transform user experiences. Shape is a leader in 3D NFTs, holograms, augmented and virtual reality, and play-to-earn game development. Shape has also partnered or worked with many well-known Fortune 1000 and other category leading companies such as RTFKT (recently acquired by Nike), Red Bull, Intel and the Olympics.
"Entering into this Agreement with Shape represents a major milestone for Alpha in our expansion into Web3 and Metaverse-based gaming and branded experiences," said Brian Wilneff, Alpha CEO. "We look forward to completing the Acquisition and growing Shape's continued studio work for major brands and leveraging its development capabilities to grow Alpha's existing gaming properties. This combination of internal and external studio work will also expand Alpha's business development pipeline and partnership growth."
Purchase Consideration:
On and subject to the conditions set forth in the Agreement, the Company will deliver the following consideration for the Acquisition:
(a) Payment of an aggregate $500,000 in cash to the Shape Shareholders (collectively) on the closing date of the Acquisition (the "Closing Date");
(b) Issuance of an aggregate 14,000,000 common shares in the capital of the Company (each, a "Alpha Share") to the Shape Shareholders (collectively) on the Closing Date;
(c) Payment of an aggregate $500,000 in cash to the Shape Shareholders (collectively) within one-hundred and eighty (180) days following the Closing Date (the "Additional Cash Consideration"); and
(d) Issuance of an aggregate of 840,000 Alpha Shares to certain individuals for services rendered in connection with the successful completion of the transaction contemplated by the Agreement on the Closing Date.
The 14,000,000 Alpha Shares to be issued pursuant to the Acquisition shall be subject to escrow restriction whereby 10% of such Alpha Shares shall be released on the Closing Date, and thereafter, 18% of such remaining Alpha Shares shall be released after each subsequent four (4) month period following the Closing Date (the "Escrow Arrangement").
The Company shall grant a general security interest in favour of the Shape Shareholders for the purposes of securing the payment of the Additional Cash Consideration. In the event the Additional Cash Consideration has not been paid within one-hundred and eighty (180) days following the Closing Date, the Company shall issue an additional aggregate 6,678,000 Alpha Shares to the Shape Shareholders (collectively), the Escrow Arrangement shall no longer apply and the Company shall maintain the obligation to pay the Additional Cash Consideration.
In addition, the Company has agreed to issue up to an aggregate of 9,000,000 Alpha Shares to certain Shape Shareholders (collectively) who will be joining Alpha, upon completion of the Acquisition, as employees or consultants (collectively, the "Milestone Shares"), on the following basis:
(a) 500,000 Milestone Shares upon the market capitalization of Alpha being not less than $50,000,000 for a period of 10 consecutive trading days;
(b) 500,000 Milestone Shares upon the market capitalization of Alpha being not less than $75,000,000 for a period of 10 consecutive trading days;
(c) 1,000,000 Milestone Shares upon the market capitalization of Alpha being not less than $100,000,000 for a period of 10 consecutive trading days;
(d) 1,000,000 Milestone Shares upon the market capitalization of Alpha being not less than $125,000,000 for a period of 10 consecutive trading days;
(e) 1,000,000 Milestone Shares upon the market capitalization of Alpha being not less than $150,000,000 for a period of 10 consecutive trading days;
(f) 1,000,000 Milestone Shares upon the market capitalization of Alpha being not less than $175,000,000 for a period of 10 consecutive trading days;
(g) 1,000,000 Milestone Shares upon the market capitalization of Alpha being not less than $200,000,000 for a period of 10 consecutive trading days;
(h) 1,000,000 Milestone Shares upon the market capitalization of Alpha being not less than $250,000,000 for a period of 10 consecutive trading days;
(i) 1,000,000 Milestone Shares upon the market capitalization of Alpha being not less than $300,000,000 for a period of 10 consecutive trading days; and
(j) 1,000,000 Milestone Shares upon the market capitalization of Alpha being not less than $350,000,000 for a period of 10 consecutive trading days,
provided that each respective milestone must be achieved within five years after the Closing Date and that the market capitalization for each milestone shall be calculated based on the price per Alpha Share on the Canadian Securities Exchange multiplied by the number of Alpha Shares then outstanding.
Closing of the Acquisition is subject to customary conditions, including receipt of all necessary regulatory and other approvals.
About Alpha Metaverse Technologies Inc.
Alpha Metaverse Technologies Inc. is a technology company that focuses on emerging industries in Esports, mobile, console and web-based gaming, ecommerce, and other high growth opportunities such as augmented reality / virtual reality Web3 and Blockchain-based businesses. Through a strong portfolio of technology assets and products such as GamerzArena and HeavyChips, Alpha brings a unique mass-appeal focus to modern gaming platforms. Learn more at: www.alphametaverse.com
Contact:
Investor Relations: ir@alphametaverse.com - 604 359 1256
Media and Public Relations: media@alphametaverse.com
On Behalf of The Board of Directors
Brian Wilneff
Chief Executive Officer
Forward-Looking Statement
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to statements regarding the Acquisition, the Company's business and plans, including with respect to undertaking further acquisitions, the satisfaction of additional payments and the achievement of certain milestones, including but not limited to, any increase in market capitalization. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, the risks that the Acquisition does not complete as contemplated, or at all; that the Company does not complete any further acquisitions; that the Company does not satisfy its future payments and issuances; that the Company does meet any or all of its future milestones, including but not limited, any increase in market capitalization; and that the Company may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct and makes no reference to profitability based on sales reported. The statements in this news release are made as of the date of this release.
The CSE has not reviewed, approved, or disapproved the content of this press release
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GUNSMOKE
3 years ago
APETF ! GOT SOME MORE ! Alpha Metaverse Technologies Announces Entry into Play-to-Earn Gaming; Partnership with BetU ICO Corp
Press Release | 03/17/2022
VANCOUVER, British Columbia, March 17, 2022 (GLOBE NEWSWIRE) -- Alpha Metaverse Technologies Inc. (CSE: ALPA) (FSE: 9HN0) (OTC PINK: APETF) (“Alpha” or the “Company”), a technology company that focuses on emerging markets in esports, mobile gaming, ecommerce, blockchain, and high growth opportunities, is proud to announce expansion into the play-to-earn space, with a partnership with BetU ICO Corp (“BETU”), a play-to-earn platform.
BETU is a play-to-earn sports and esports prediction game, that is powered by the BETU token. The play-to-earn predictor is a free-to-play game for all BETU token holders. Users are required to make a prediction and if they are correct, users can earn rewards.
BETU will provide all Alpha paying subscribers (“GamerzArena+”) 10 points per week for two weeks to play BETU play-to-earn, adding even more value to GamerzArena+ subscribers. The first 1,000 new upgrading GamerzArena+ users will receive 100 BETU tokens plus 10 points per week for four weeks to play BETU’s play-to-earn platform. BETU will pay a commission of 100 BETU tokens to Alpha for every Alpha user that deposits or purchases 1,000 or more BETU tokens.
“It is a great pleasure to collaborate with Alpha Metaverse, as the team has immense knowledge of esports and the metaverse,” said Paul Rogash, CEO of BetU ICO Corp. “We are excited to implement our play-to-earn model onto Alpha’s esports platforms and entice users to become subscription members with BETU token bonuses.”
“Play-to-earn has a developed into a global market that is only growing, and Alpha is poised to be a leader in the play-to-earn space after announcing this partnership,” said CEO of Alpha, Brian Wilneff. “The BETU partnership allows us to add value to our subscription model by giving our users even more gaming options.”
About Alpha Metaverse Technologies Inc.
Thugmuffin
3 years ago
$APETF Alpha Metaverse Technologies Announces Entry into Play-to-Earn Gaming; Partnership with BetU ICO CorpPress Release | 03/17/2022
VANCOUVER, British Columbia, March 17, 2022 (GLOBE NEWSWIRE) -- Alpha Metaverse Technologies Inc. (CSE: ALPA) (FSE: 9HN0) (OTC PINK: APETF) (“Alpha” or the “Company”), a technology company that focuses on emerging markets in esports, mobile gaming, ecommerce, blockchain, and high growth opportunities, is proud to announce expansion into the play-to-earn space, with a partnership with BetU ICO Corp (“BETU”), a play-to-earn platform.
BETU is a play-to-earn sports and esports prediction game, that is powered by the BETU token. The play-to-earn predictor is a free-to-play game for all BETU token holders. Users are required to make a prediction and if they are correct, users can earn rewards.
BETU will provide all Alpha paying subscribers (“GamerzArena+”) 10 points per week for two weeks to play BETU play-to-earn, adding even more value to GamerzArena+ subscribers. The first 1,000 new upgrading GamerzArena+ users will receive 100 BETU tokens plus 10 points per week for four weeks to play BETU’s play-to-earn platform. BETU will pay a commission of 100 BETU tokens to Alpha for every Alpha user that deposits or purchases 1,000 or more BETU tokens.
“It is a great pleasure to collaborate with Alpha Metaverse, as the team has immense knowledge of esports and the metaverse,” said Paul Rogash, CEO of BetU ICO Corp. “We are excited to implement our play-to-earn model onto Alpha’s esports platforms and entice users to become subscription members with BETU token bonuses.”
“Play-to-earn has a developed into a global market that is only growing, and Alpha is poised to be a leader in the play-to-earn space after announcing this partnership,” said CEO of Alpha, Brian Wilneff. “The BETU partnership allows us to add value to our subscription model by giving our users even more gaming options.”
About Alpha Metaverse Technologies Inc.
Alpha Metaverse Technologies Inc. is a technology company that focuses on emerging industries in Esports, mobile gaming, ecommerce, and other high growth opportunities. Through a strong portfolio of technology assets and products such as GamerzArena, Alpha Metaverse Technologies brings a unique mass-appeal focus to modern gaming platforms. Learn more at: www.alphametaverse.com.
Contact:
Investor Relations: ir@alphametaverse.com - 604 359 1256
Media and Public Relations: media@alphametaverse.com
On Behalf of The Board of Directors
Brian Wilneff
Chief Executive Officer
Forward Looking Statement
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to statements regarding the Company's business, products and future of the Company’s business. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, the risks that the Company's products and plan will vary from those stated in this news release and the Company may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The statements in this news release are made as of the date of this release.
AskMuncher
3 years ago
$APETF Alpha Metaverse Technologies Announces signing of LOI to acquire 100% of Shape Immersive Entertainment Inc and Brokered Private Placement Financing for up to $4.0 Million
Press Release | 01/24/2022
Shape is an award-winning Metaverse agency and has a team comprised of experienced AR/VR technologists, 3D artists and software developers
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
VANCOUVER, British Columbia, Jan. 24, 2022 (GLOBE NEWSWIRE) -- Alpha Metaverse Technologies Inc. (CSE: ALPA) (FSE: 9HN), (OTC PINK: APETF) (“Alpha” or the “Company”) is pleased to announce that it has entered a letter of intent (the “LOI”) which contemplates the acquisition by Alpha of 100% of the issued and outstanding shares of Shape Immersive Entertainment Inc (“Shape”) in exchange for 14,840,000 common shares of Alpha and $1 million in cash. Shape was originally founded in 2018 and builds immersive experiences for Metaverse leading companies like Red Bull®, the Olympics®, and RTFKT® (recently acquired by Nike®). Shape is a leader in 3D NFTs, holograms, augmented and virtual reality, and play-to-earn game development. The Company’s obligations under the LOI are subject to completion of satisfactory due diligence and successful negotiation of a definitive agreement.
“The Shape team has a wealth of knowledge regarding the Metaverse and we look forward to working with them through the transaction process,” states Alpha Metaverse CEO Brian Wilneff.
“Shape has pushed the boundaries of digital experiences for a number of years for many of the world’s top brands,” states Shape CEO, James Basnett. “Our talented group of Metaverse makers are excited about potentially joining forces with Alpha. We look forward to building our team faster and powering the future of web3 and play-to-earn gaming experiences.”
The Company is also pleased to announce that it has entered into an agreement with Research Capital Corporation, as sole agent and sole bookrunner (the “Agent”), in connection with a best efforts, brokered private placement of up to 16,000,000 units of the Company (the “Units”) at a price of $0.25 per Unit (the “Offering Price”) for gross proceeds of up to $4,000,000 (the “Offering”).
Each Unit will be comprised of one common share of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant shall be exercisable to acquire one additional Common Share (a “Warrant Share”) at an exercise price of $0.40 per Warrant Share for a period of 24 months after the Closing (as defined below).
The Agent will have an option (the “Agent’s Option”) to offer for sale up to an additional 15% of the number of Units being offered in the Offering or an additional 2,400,000 Units at the Offering Price for gross proceeds of $600,000, which Agent’s Option is exercisable, in whole or in part, at any time up to 48 hours prior to the Closing.
The Company intends to use the proceeds raised under the Offering for its business operations, working capital and general corporate purposes.
It is anticipated that the securities to be sold pursuant to the Offering will be offered by way of private placement in the provinces of British Columbia, Alberta and Ontario, and such other jurisdictions as may be determined by the Company and the Agent, in each case, pursuant to applicable exemptions from the prospectus requirements under applicable securities laws.
The Offering is expected to close on or about February 21, 2022, or on such other date as agreed upon between the Company and Agent (the “Closing”), and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals. The Units and other securities to be issued under the Offering will have a hold period expiring on the date that is four months and a day from Closing.
In connection with the Offering, the Agent will receive an aggregate cash fee equal to 6.0% of the gross proceeds from the Offering (including in respect of any exercise of the Agent’s Option). In addition, the Company will grant the Agent, on date of Closing, such number of non-transferable broker warrants (the “Broker Warrants”) equal to 6.0% of the total number of Units sold under the Offering (including in respect of any exercise of the Agent’s Option). Each Broker Warrant will entitle the holder thereof to purchase one Unit at an exercise price equal to the Offering Price for a period of 24 months following the Closing. Furthermore, the Agent will also receive an aggregate cash corporate finance fee equal to 2.0% of the gross proceeds from the Offering (including in respect of any exercise of the Agent’s Option), as well as be granted such number of warrants (the “Corporate Finance Fee Warrants”) equal to 2.0% of the total number of Units sold under the Offering (including in respect of any exercise of the Agent’s Option). Each Corporate Finance Fee Warrant will entitle the holder thereof to purchase one Unit at an exercise price equal to the Offering Price for a period of 24 months following the Closing. The Company shall also pay the Agent a work fee of $45,000 plus GST.
The securities described herein 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 accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.
About Alpha Metaverse Technologies Inc.
Alpha Metaverse Technologies Inc. is a technology company that focuses on emerging industries in Esports, mobile gaming, ecommerce, and other high growth opportunities. Through a strong portfolio of technology assets and products such as GamerzArena, Alpha Metaverse Technologies brings a unique mass-appeal focus to modern gaming platforms. Learn more at: www.alphametaverse.com
Contact:
Investor Relations: ir@alphametaverse.com - 604 359 1256
Media and Public Relations: media@alphametaverse.com
On Behalf of The Board of Directors
Brian Wilneff
Chief Executive Officer
Forward Looking Statement
Certain statements contained in this press release constitute “forward-looking statements” within the meaning of applicable securities laws. All statements other than statements of historical fact contained in this press release, including, without limitation, those regarding the LOI, the potential to enter into a definitive agreement with, and to acquire all of the shares of, Share, the terms of the Offering, the anticipated closing date of the Offering, the use of proceeds of the Offering, the Company’s strategy, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words “believe”, “expect”, “aim”, “intend”, “plan”, “continue”, “will”, “may”, “would”, “anticipate”, “estimate”, “forecast”, “predict”, “project”, “seek”, “should” or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company’s expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements. For instance, the Company may not enter into a definitive agreement with Shape, nor close the Offering, in either case as currently contemplated or at all. Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to the risk factors discussed in the Company’s MD&A for the most recent fiscal period. Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law.
The CSE has not reviewed, approved, or disapproved the content of this press release
AskMuncher
3 years ago
$APETF Alpha Metaverse Technologies Announces Continued Marketing Campaign
Press Release | 01/21/2022
VANCOUVER, British Columbia, Jan. 21, 2022 (GLOBE NEWSWIRE) -- Alpha Metaverse Technologies Inc. (CSE: ALPA) (FSE: 9HN) (OTC PINK: APETF) (“Alpha” or the “Company”), announces that its engagement for marketing services with Financial Star News Inc. (“FSN”) (address: 701 West Georgia Street, Suite 1500, Vancouver, V7Y 1C6; email: info@thefinancialstar.com), as previously disclosed in the Company’s October 8, 2021 news release, remains ongoing and is now anticipated to conclude on February 4, 2022.
As previously disclosed, FSN has and shall continue to, as appropriate, create campaigns, ad groups, text ads, display ads, perform detailed keyword research, setup and manage remarketing campaigns, optimize keyword options, coordinate online advertiser and marketers corresponding to the customers online marketing targets, create landing pages for ad campaigns and bring attention to the business of the Company in consideration of USD $400,000 (plus applicable taxes) previously paid to FSN. The promotional activity shall occur on theFinancialStar.com, by email, Facebook, and Google. FSN does not have any prior relationship with the Company aside from its previous engagement with the Company.
About Alpha Metaverse Technologies Inc.
Alpha Metaverse Technologies Inc. is a technology company that focuses on emerging industries in Esports, mobile gaming, ecommerce, and other high growth opportunities. Through a strong portfolio of technology assets and products such as GamerzArena, Alpha Metaverse Technologies brings a unique mass-appeal focus to modern gaming platforms. Learn more at: www.alphametaverse.com.
Contact:
Investor Relations: ir@alphametaverse.com - 604 359 1256
Media and Public Relations: media@alphametaverse.com
On Behalf of The Board of Directors
Brian Wilneff
Chief Executive Officer
Forward Looking Statement
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to statements regarding the Company's business, products and future of the Company’s business. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, the risks that the Company's products and plan will vary from those stated in this news release and the Company may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The statements in this news release are made as of the date of this release.
The CSE has not reviewed, approved, or disapproved the content of this press release.
AskMuncher
3 years ago
$APETF Alpha Metaverse Technologies Announces Continued Marketing Campaign
Press Release | 01/21/2022
VANCOUVER, British Columbia, Jan. 21, 2022 (GLOBE NEWSWIRE) -- Alpha Metaverse Technologies Inc. (CSE: ALPA) (FSE: 9HN) (OTC PINK: APETF) (“Alpha” or the “Company”), announces that its engagement for marketing services with Financial Star News Inc. (“FSN”) (address: 701 West Georgia Street, Suite 1500, Vancouver, V7Y 1C6; email: info@thefinancialstar.com), as previously disclosed in the Company’s October 8, 2021 news release, remains ongoing and is now anticipated to conclude on February 4, 2022.
As previously disclosed, FSN has and shall continue to, as appropriate, create campaigns, ad groups, text ads, display ads, perform detailed keyword research, setup and manage remarketing campaigns, optimize keyword options, coordinate online advertiser and marketers corresponding to the customers online marketing targets, create landing pages for ad campaigns and bring attention to the business of the Company in consideration of USD $400,000 (plus applicable taxes) previously paid to FSN. The promotional activity shall occur on theFinancialStar.com, by email, Facebook, and Google. FSN does not have any prior relationship with the Company aside from its previous engagement with the Company.
About Alpha Metaverse Technologies Inc.
Alpha Metaverse Technologies Inc. is a technology company that focuses on emerging industries in Esports, mobile gaming, ecommerce, and other high growth opportunities. Through a strong portfolio of technology assets and products such as GamerzArena, Alpha Metaverse Technologies brings a unique mass-appeal focus to modern gaming platforms. Learn more at: www.alphametaverse.com.
Contact:
Investor Relations: ir@alphametaverse.com - 604 359 1256
Media and Public Relations: media@alphametaverse.com
On Behalf of The Board of Directors
Brian Wilneff
Chief Executive Officer
Forward Looking Statement
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to statements regarding the Company's business, products and future of the Company’s business. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, the risks that the Company's products and plan will vary from those stated in this news release and the Company may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The statements in this news release are made as of the date of this release.
AskMuncher
3 years ago
$APETF Alpha Esports Tech Announces the Closing of Heavy Chips Acquisition
Press Release | 11/03/2021
Heavy Chips has reported an average of approximately €16,800 Euros per month of unaudited revenue in 2021.
VANCOUVER, British Columbia, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Alpha Esports Tech Inc. (CSE: ALPA) (FSE: 9HN), (OTC PINK: APETF), (“Alpha” or the “Company”) announces the closing of 100% of Heavy Chips and Sports Betting (“Heavy Chips”), a fully operational online gaming site with over 800 popular casino games and over 5,000 sports betting opportunities every day on sports such as football, tennis, basketball, and more. Heavy Chips provides access to live dealer games, casino slots, arcade casino games, and sports betting.
Currently, Heavy Chips has over 250,000 registered users on its website and has seen consistent user growth every month of 2021. Heavy Chips has also recorded an average of approximately €16,800 Euros in monthly unaudited revenue in 2021, including growth nearly every month. In October, Heavy Chips recorded unaudited revenue of approximately €22,000 Euros.
The Company believes the online adult gaming/gambling sector is poised for continuous growth and that Heavy Chips key statistics show the growing potential in the sector and also illustrate how the Company is positioning itself for sustainable success.
The global online gambling market reached $66.7 Billion in 2020; is expected to more than double and reach $127.3 billion by 20271
Canada, the United States and Europe have the highest market share;2
Online gambling service providers/operators are allowed to enter into agreements with individual players or customers to provide betting services for real money, in turn attracting more gamers3
Recent studies show that 96% of online gamblers play at home; A large number of customers are using desktops for betting as downloading and installing casino software proves to be easier on desktops4.
The growth prediction comes from the rising popularity of online sportsbooks and the freemium business model of online casinos that lure players with no deposit bonuses. Also, it is believed among experts that smartphone adoption and cheap internet data plans are driving the market towards exponential growth. It is also believed more gambling experts are starting to realize that the transition to the digital environment is inevitable, that online casinos will take over the land-based market and bring advanced virtual environments similar to the in person experience5.
“Heavy Chips is the perfect acquisition for Alpha’s entry into the adult gaming sector,” said interim CEO, Matthew Schmidt. “Since we began our discussions with the Heavy Chips team, their user base has grown at a significant pace and they also have recorded increases in revenues nearly every month. We look forward to unlocking the full potential of this platform and are excited to deliver shareholder value through GamerzArena and now Heavy Chips.”
About Alpha Esports Tech Inc.
Alpha Esports Tech Inc. is a technology company that focuses on emerging industries in esports, mobile gaming, ecommerce and other high growth opportunities. Through a strong portfolio of technology assets and products such as GamerzArena, Alpha Esports Tech brings a unique mass-appeal focus to modern gaming platforms. Learn more at: www.alphatech.inc
About Heavy Chips and Sports Betting.
Our motto is: You Play. We pay.
At Heavy Chips Casino you will find a lot of fun, money, and a great variety of online games to play. Do you want to legally rob our bank? Play the top-quality casino games: the newest and most popular slots and live games including roulette, blackjack, baccarat, and other games.
Heavy Chips Casino offers all the best games developed by the top providers including Booming Games, MrSlotty, NetEnt, iSoftBet, Endorphina, BetConstruct, Playson, Pragmatic Play, Habanero, Oryx, Kalamba, Gamomat, Golden hero, Givme, BetGamesTV, Microgaming, 1x2gaming_MG, NextGen, BetconstructLiveDealer, EvolutionLiveCasino, Ezugi, and others.
We want our players to be safe, that is why we use only payment solutions only from the most trusted providers. Available payment systems include Visa, MasterCard, Neteller, Skrill,ecoPayz, MuchBetter, Neosurf, Paysafecard, eps, Flexepin, Zimpler, Bank Transfer, Astropay, and others. That is also possible to fund your account using Bitcoin. For the convenience of players, online casino accepts deposits in various currencies.
Contact:
Investor Relations: ir@alphatech.inc - 604 359 1256
Media and Public Relations: - media@alphatech.inc
On Behalf of The Board of Directors
John Anastas
Chairman and Director
Forward Looking Statement
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to statements regarding the Company's business, products, and future of the Company’s business. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance, and developments to differ materially from those contemplated by these statements depending on, among other things, the risks that the Company's products and plan will vary from those stated in this news release and the Company may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The statements in this news release are made as of the date of this release.
The CSE has not reviewed, approved, or disapproved the content of this press release
1 https://www.grandviewresearch.com/press-release/global-online-gambling-market
2 https://www.grandviewresearch.com/press-release/global-online-gambling-market
3 https://www.grandviewresearch.com/press-release/global-online-gambling-market
4 https://www.grandviewresearch.com/press-release/global-online-gambling-market
5 https://nativenewsonline.net/advertise/branded-voices/global-online-gambling-industry-statistics-and-trends-new-case-study
AskMuncher
3 years ago
$APETF Alpha Esports Tech Announces the Closing of Heavy Chips Acquisition
Press Release | 11/03/2021
Heavy Chips has reported an average of approximately €16,800 Euros per month of unaudited revenue in 2021.
VANCOUVER, British Columbia, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Alpha Esports Tech Inc. (CSE: ALPA) (FSE: 9HN), (OTC PINK: APETF), (“Alpha” or the “Company”) announces the closing of 100% of Heavy Chips and Sports Betting (“Heavy Chips”), a fully operational online gaming site with over 800 popular casino games and over 5,000 sports betting opportunities every day on sports such as football, tennis, basketball, and more. Heavy Chips provides access to live dealer games, casino slots, arcade casino games, and sports betting.
Currently, Heavy Chips has over 250,000 registered users on its website and has seen consistent user growth every month of 2021. Heavy Chips has also recorded an average of approximately €16,800 Euros in monthly unaudited revenue in 2021, including growth nearly every month. In October, Heavy Chips recorded unaudited revenue of approximately €22,000 Euros.
The Company believes the online adult gaming/gambling sector is poised for continuous growth and that Heavy Chips key statistics show the growing potential in the sector and also illustrate how the Company is positioning itself for sustainable success.
The global online gambling market reached $66.7 Billion in 2020; is expected to more than double and reach $127.3 billion by 20271
Canada, the United States and Europe have the highest market share;2
Online gambling service providers/operators are allowed to enter into agreements with individual players or customers to provide betting services for real money, in turn attracting more gamers3
Recent studies show that 96% of online gamblers play at home; A large number of customers are using desktops for betting as downloading and installing casino software proves to be easier on desktops4.
The growth prediction comes from the rising popularity of online sportsbooks and the freemium business model of online casinos that lure players with no deposit bonuses. Also, it is believed among experts that smartphone adoption and cheap internet data plans are driving the market towards exponential growth. It is also believed more gambling experts are starting to realize that the transition to the digital environment is inevitable, that online casinos will take over the land-based market and bring advanced virtual environments similar to the in person experience5.
“Heavy Chips is the perfect acquisition for Alpha’s entry into the adult gaming sector,” said interim CEO, Matthew Schmidt. “Since we began our discussions with the Heavy Chips team, their user base has grown at a significant pace and they also have recorded increases in revenues nearly every month. We look forward to unlocking the full potential of this platform and are excited to deliver shareholder value through GamerzArena and now Heavy Chips.”
About Alpha Esports Tech Inc.
Alpha Esports Tech Inc. is a technology company that focuses on emerging industries in esports, mobile gaming, ecommerce and other high growth opportunities. Through a strong portfolio of technology assets and products such as GamerzArena, Alpha Esports Tech brings a unique mass-appeal focus to modern gaming platforms. Learn more at: www.alphatech.inc
About Heavy Chips and Sports Betting.
Our motto is: You Play. We pay.
At Heavy Chips Casino you will find a lot of fun, money, and a great variety of online games to play. Do you want to legally rob our bank? Play the top-quality casino games: the newest and most popular slots and live games including roulette, blackjack, baccarat, and other games.
Heavy Chips Casino offers all the best games developed by the top providers including Booming Games, MrSlotty, NetEnt, iSoftBet, Endorphina, BetConstruct, Playson, Pragmatic Play, Habanero, Oryx, Kalamba, Gamomat, Golden hero, Givme, BetGamesTV, Microgaming, 1x2gaming_MG, NextGen, BetconstructLiveDealer, EvolutionLiveCasino, Ezugi, and others.
We want our players to be safe, that is why we use only payment solutions only from the most trusted providers. Available payment systems include Visa, MasterCard, Neteller, Skrill,ecoPayz, MuchBetter, Neosurf, Paysafecard, eps, Flexepin, Zimpler, Bank Transfer, Astropay, and others. That is also possible to fund your account using Bitcoin. For the convenience of players, online casino accepts deposits in various currencies.
Contact:
Investor Relations: ir@alphatech.inc - 604 359 1256
Media and Public Relations: - media@alphatech.inc
On Behalf of The Board of Directors
John Anastas
Chairman and Director
Forward Looking Statement
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to statements regarding the Company's business, products, and future of the Company’s business. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance, and developments to differ materially from those contemplated by these statements depending on, among other things, the risks that the Company's products and plan will vary from those stated in this news release and the Company may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The statements in this news release are made as of the date of this release.
The CSE has not reviewed, approved, or disapproved the content of this press release
1 https://www.grandviewresearch.com/press-release/global-online-gambling-market
2 https://www.grandviewresearch.com/press-release/global-online-gambling-market
3 https://www.grandviewresearch.com/press-release/global-online-gambling-market
4 https://www.grandviewresearch.com/press-release/global-online-gambling-market
5 https://nativenewsonline.net/advertise/branded-voices/global-online-gambling-industry-statistics-and-trends-new-case-study
StockLogistics
3 years ago
“ 8:00a ET 10/20/2021 - Globe Newswire
Alpha Esports Tech Announces the Appointment of Adam Morrison to President
Alpha Esports Tech Inc. (CSE: ALPA) (FSE: 9HN), (OTC PINK: APETF), ("Alpha" or the "Company") is pleased to announce that current advisor to the Company and seasoned esports entrepreneur, Adam Morrison, has been appointed to the position of President of the Company. Mr. Morrison offers more than a decade of leadership in esports, gaming and digital media, including a wealth of experience with public market companies.
A lifelong avid gamer and enthusiast, Adam previously served as CTO for Engine Media Holdings, Inc. (previously known as Millennial Esports Corp.) TSX-V: GAME and is also an initial team member of its predecessor, Pro Gaming League. In the recent past, Adam has served as CTO and COO for various technology-based companies whose focuses have ranged from gaming, to entertainment, to broadcast event execution and played a role in both esports venue and program design as well as digital platform and product development. Additionally, he has also filled the role of executive producer for several AAA esports events and competitions for clients that include Microsoft, Amazon, EA, and Twitch. Adam has a substantial and well cultivated network of publisher relationships that stem from his substantial involvement in the video game industry. Further to the above, Mr. Morrison is also a co-founder and former CEO for the pro esports organization, Team Reciprocity.
Most recently, Mr. Morrison has co-founded a new esports organization called Oxygen Esports where he serves as General Manager of the organization. Oxygen Esports ("OXG") is the largest, multi-title esports team in New England, and competes across some of the most marquee leagues in the industry.
Mr. Morrison holds an honors degree in Systems and Computer Engineering and enjoys playing a hands-on role in whatever undertaking he is engaging in - whether it be product, business, or program development.
"I am looking forward to joining the Alpha leadership team and helping develop the next phase of operational roadmap as the Company looks to continue in their expansion," said newly appointed President, Adam Morrison. "Coming out of a Global Pandemic, gaming and esports have proven to be high growth categories with significant opportunity. I plan to leverage all of my business experience and industry relationships to deliver shareholder value and develop a vision to build a scaled esports technology company where casual and core gamers can play, engage, improve, create and succeed."
”
StockLogistics
3 years ago
“8:43a ET 10/12/2021 - Globe Newswire
Alpha Esports Announces Entry into Adult Gaming
Acquisition of Heavy Chips will more than double Alpha's current user base to over 390,000.
Alpha Esports Tech Inc. (CSE: ALPA) (FSE:9HN), (OTC PINK: APETF), ("Alpha" or the "Company") today announces it has signed a definitive agreement to acquire 100% of Heavy Chips Casino and Sports Betting ("Heavy Chips") from Gamesoft Ltd.
Heavy Chips is a fully operational online gaming site with over 800 popular casino games and over 5,000 sports betting opportunies every day on sports such as football, tennis, basketball, and more. In total, Heavy Chips provides access to live dealer games, casino slots, arcade casino games, and sports betting. Currently, Heavy Chips has over 240,000 registered players on its website.
"The acquisition of an online gaming site such as Heavy Chips will be a major milestone for Alpha in many ways," said interim CEO, Matthew Schmidt. "We will now be active in the adult gaming space, a space we feel has tremendous potential to help the Company increase shareholder value. Ultimately, we believe Heavy Chips certainly provides value in a number of ways including revenue, an expanded global userbase, and further operational expansion into Europe."
"We built a very strong platform in Heavy Chips and will continue to help Alpha maximize on the growing potential it has," said CEO of Gamesoft Ltd, Maxim Terehovich. "Heavy Chips has especially seen a lot of growth in the last several months and we expect this will continue under the ownership of Alpha."
Under the terms of this acquisition for the purchase of 100% of Heavy Chips, Alpha will pay Gamesoft $300,000 CDN.
About Alpha Esports Tech Inc.
Alpha Esports Tech Inc. is a technology company that focuses on emerging industries in esports, mobile gaming, ecommerce and other high growth opportunities. Through a strong portfolio of technology assets and products such as GamerzArena, Alpha Esports Tech brings a unique mass-appeal focus to modern gaming platforms. Learn more at: www.alphatech.inc
About Heavy Chips Casino and Sports Betting
Our motto is: You Play. We pay.
At Heavy Chips Casino you will find a lot of fun, money, and a great variety of online games to play. Do you want to legally rob our bank? Play the top-quality casino games: the newest and most popular slots and live games including roulette, blackjack, baccarat, and other games.
Heavy Chips Casino offers all the best games developed by the top providers including Booming Games, MrSlotty, NetEnt, iSoftBet, Endorphina, BetConstruct, Playson, Pragmatic Play, Habanero, Oryx, Kalamba, Gamomat, Golden hero, Givme, BetGamesTV, Microgaming, 1x2gaming_MG, NextGen, BetconstructLiveDealer, EvolutionLiveCasino, Ezugi, and others.
We want our players to be safe, that is why we use only payment solutions only from the most trusted providers. Available payment systems include Visa, MasterCard, Neteller, Skrill,ecoPayz, MuchBetter, Neosurf, Paysafecard, eps, Flexepin, Zimpler, Bank Transfer, Astropay, and others. That is also possible to fund your account using Bitcoin. For the convenience of players, online casino accepts deposits in various currencies.
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StockLogistics
3 years ago
8:00a ET 10/14/2021 - Globe Newswire
Alpha Esports Tech Announces Exclusive Partnership with The Recreation and Park Commission for the Parish of East Baton Rogue (BREC)
Alpha Esports Tech Inc. (CSE: ALPA) (FSE: 9HN), (OTC PINK: APETF) ("Alpha" or the "Company"), a technology company that focuses on emerging markets in esports, mobile gaming, commerce, blockchain, and high growth opportunities, is proud to announce that its online platform, GamerzArena, is now the official online gaming partner of The Recreation and Park Commission for the Parish of East Baton Rouge ("BREC").
BREC is the recreational agency that connects people to parks and nature in East Baton Rouge Parish with a system that has more than 180 parks including a unique mix of facilities, which mirror the history and rich natural resources in south Louisiana. It is BREC's mission to contribute to a healthier, more vibrant community by providing exceptional parks, open spaces and recreational experiences for all of East Baton Rouge Parish.
Under the terms of this partnership,
"This partnership with BREC is another example of the Company continuing to execute on our business strategy of user acquisition," said interim CEO of Alpha, Matthew Schmidt. "BREC is one of the most popular rec agencies in the United States and with their large demographic, we have a unique opportunity to increase the presence on GamerzArena tremendously."
"BREC is looking forward to working with Alpha Esports Tech Inc to help expand the gaming experience for our community," said assistant superintendent of BREC, Brandon Smith.
About Alpha Esports Tech Inc.
Alpha Esports Tech Inc. is a technology company that focuses on emerging industries in esports, mobile gaming, ecommerce and other high growth opportunities. Through a strong portfolio of technology assets and products such as GamerzArena, Alpha Esports Tech brings a unique mass-appeal focus to modern gaming platforms. Learn more at: www.alphatech.inc
About BREC
The Recreation and Park Commission for the Parish of East Baton Rouge (BREC) is the agency that connects people to parks and nature in East Baton Rouge Parish with a system that has more than 180 parks including a unique mix of facilities, which mirror the history and rich natural resources in south Louisiana. This includes a state-of-the-art observatory, swamp nature center located in the urban core, equestrian park, Zoo, performing arts theatre, arboretum, botanical garden, a water park with the only surfing simulator in the state, golf courses throughout the parish and an expansive 30,000-foot concrete extreme sports park. Throughout its history, BREC has taken seriously its responsibility to improve the health, safety, environment and quality of life for all citizens. Since 2004, BREC has constructed community parks, dog parks, a family-sized Aquatics Center, a growing trails system, fishing ponds, larger playgrounds and procured two mobile recreation units to serve play deserts in the area.
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