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Playground Ventures (CSE:PLAY) has launched its campaign on the Investing News Network
Playground Ventures (CSE:PLAY) is identifying, acquiring, financing and supporting private companies in the mobile game and digital media industries. The company seeks to create shareholder value by offering early-stage access to a portfolio of private companies with highly prospective products and projects.
Playground Ventures has a strong equity position with C$1.73 million raised in three months, for a total of C$2.53 million raised in the past year. The funds have been used to complete the strategic portfolio acquisitions and joint ventures previously mentioned.
Playground Ventures’ Company Highlights
- Playground Ventures is an active management company focused on identifying, acquiring, financing and supporting private companies in the mobile game and digital media industries.
- Playground Ventures creates shareholder value by offering early-stage access to a portfolio of private companies in the digital media and mobile gaming sectors with highly prospective products and projects. The company plans to be cash flowing in the first half of 2022.
- The company acquired 40 percent interest in MotionPix Game Studio as part of a joint venture. MotionPix Game Studio will launch a high-profile mobile gaming asset that has already been fully developed and is set to be released in the second quarter of 2022 in conjunction with a highly anticipated blockbuster movie release.
- Playground Ventures seed invested C$350,000 into TinyRex Games Inc. for the rights to certain shares in the capital of the company. This partnership will bring to market three exciting idle genre games with the first release in 2022.
- The company also recently acquired Countervail Games Ltd. which has exclusive rights to a proprietary mobile game project with another high-profile game developer. The mobile game project that utilizes Patent Pending Proprietary IP was soft launched in July 2021 and is licensed with Braille Skateboarding, the largest online skateboarding community in the world.
- Playground Ventures entered into an investment agreement to acquire up to 60 percent interest in GG Hub SRL, an Italian company that is building a vertically integrated European based broadcast and streaming channel. Currently, Playground Ventures owns 20 percent in GG Hub.
- The company is led by a highly experienced management and advisory team with decades in the gaming and investment markets industries.
- Tight capital structure with 55,402,237 shares outstanding with 60 to 70 percent of shares currently held by company insiders.
PLAY:CNX