Veltyco Group PLC Esports.com Partnership (2497T)
October 11 2017 - 1:00AM
UK Regulatory
TIDMVLTY
RNS Number : 2497T
Veltyco Group PLC
11 October 2017
11 October 2017
Veltyco Group plc
("Veltyco", the "Company" or the "Group")
Esports.com partnership
The board of Veltyco Group plc (AIM:VLTY), the online marketing
company for the gaming industry, is pleased to announce that the
Group has entered into a partnership agreement with Esports Radar
Ltd ("Esports"), a newly incorporated company in Malta, focusing on
rolling out a new esports business.
Esports' wholly owned subsidiary Esports.com Ltd ("Esports.com")
is a company incorporated by gamers who see the huge potential of
the esport industry in relation to gaming, a view shared by the
Board of Veltyco. The domain name www.esports.com is owned by
Esports.com and will be used as the platform to build the
business.
Esport is a form of competition facilitated by electronic
systems, particularly video games on Playstation, Xbox and PC.
Esports is a fast growing industry, with increasing attention
globally. The goal of Esports.com is to build an online community
that produces engaging and exclusive content aimed at esports
enthusiasts, including an esports shop (for merchandise, hardware
or in-game items), licensed esports betting and guides, tutorials
and coaching lessons from users.
To underline its commitment to the esports industry and to
cement its relationship with Esports.com as a company, Veltyco has
subscribed for a minor interest in the share capital of Esports for
a nominal consideration. Veltyco will use the Bet90 brand as the
platform for the future operations of the partnership and for the
marketing of Esports.com's gaming products.
David Mathewson, Chairman, commented: "We are continually
looking for new strategic opportunities and the partnership with
Esports allows us to further expand operations into new high growth
markets."
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
For further information, please contact:
Veltyco +44 (0)16 2460 5764
David Mathewson, Chairman
Marcel Noordeloos, CFO
Strand Hanson Limited (Nominated Adviser) +44 (0)20 7409 3494
James Harris
Richard Tulloch
James Dance
Northland Capital Partners Ltd (Broker) +44 (0)20 3861 6625
IFC Advisory (Financial PR) +44 (0)20 3053 8671
Graham Herring
Tim Metcalfe
Miles Nolan
About Veltyco
Veltyco is a group of companies primarily focused on generating
marketing leads and entering into marketing contracts for the
activities of various partners in the gaming industry. Veltyco
focuses on complementary activities under one umbrella, leveraging
its historical cash generative activities of marketing online
casinos and sports betting.
Website: http://www.veltyco.com
This information is provided by RNS
The company news service from the London Stock Exchange
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