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YDreams Global Interactive Technologies Inc. (TSXV:YD (“YDreams” or the “Company”) is pleased to present its September monthly corporate update.
YDreams Global Interactive Technologies Inc. (TSXV:YD (“YDreams” or the “Company”) is pleased to present its September monthly corporate update. YDreams has been extremely busy the last few months and will initiate monthly corporate update to keep the communications open to shareholders. Arkave continues to get rave reviews as it begins to expand globally. The YDStudio division has one of its best quarters ever and YDreams showcases its Virtual Reality expertise at a couple of industry leading shows.
Arkave VR:
Arkave VR was the main attraction at “Game XP” last week, one of the largest gaming festivals in South America. This was the perfect opportunity for YDreams to debut the latest version of its hit game “The Last Squad”, a VR multiplayer, free roaming experience.
6 Arkave VR arenas were set up allowing groups of 18 people at a time to play. Background video stories to the game were shown, setting the table for an amazing immersive experience. Ranking boards were displayed allowing the gamers to see who the big winner was of each game.
Francisco Chaves, Head of Arkave VR said “It was impressive to have over 4,000 players during the 4-day event playing our game. After the first day when the gates opened, people would run to our Arkave VR arena to be able to play and in many cases more than once.” Also stating “This format was a huge success and Arkave VR was voted the best attraction of the event.”
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Expansion of the Arkave VR Arenas in the United States are underway and negotiations with a distributor for Family Entertainment Centers has begun. The product is a turnkey solution and considered one of the best VR Multiplayers experience in the world.
YDreams will soon be opening an Arkave VR Store in Vancouver, B.C. located in Gastown. The store will be featuring the Arkave VR arenas and will have VR and e-sport related products for sale. It will also have a professional e-Sports area, dedicated to local teams and tournaments.
YDStudio Division:
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The YDStudio division has signed 8 new contracts over July and August, of which 6 are new clients. Highlighted by an Augmented Reality App for Hyundai Motor Brazil, other contracts spanned the telecom and energy sectors as well as major shopping mall experiences. These sales will add an estimated $600,000 CAD in revenues for the company.
September, we delivered a virtual reality experience showing the future of shopping malls for Sonae Sierra which debuted at one of the largest conventions for the industry in South America.
Financial:
As previously reported on the last Management’s Discussion and Analysis, the Company’s gross profit for first half of 2018 increased by $452,289 from a gross loss of $37,961 during the six months ended June 30, 2017 to a gross profit of $414,328 during the six months ended June 30, 2018.
Events:
Extraordinary Future
The Company would like to extend a special invite to shareholders and those interested in experiencing The Arkave VR to attend Extraordinary Future, an event taking place at the Vancouver Trade and Convention Centre (East) September 19 – 20, 2018.
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The Company will have a full Arkave VR arena, with the latest version of The Last Squad.
Daniel Japiassu, CEO of YDreams Global will also be participating on a panel titled:
“E-Gaming: Where is it headed and where is the money?” Moderated by Chris Parry.
Shareholders interested in attending can email hey@ydreamsglobal.com to receive a discount code for the event.
More about the Extraordinary Future Event: https://cambridgehouse.com/e/extraordinary-future-2018-74
VR/AR Global Summit:
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On the 21st and 22nd of September 2018 the Company will be present at the VRARA Global Summit, one of the most important events of extended reality (XR) of the year. A recent article by Forbes mentioned Arkave VR and the relevance of the event to the industry.
Visitors will be able to experience Arkave VR and other VR experiences by YDreams, such as UBC?s Virtual Tour VR Experience.
Forbes Article: https://tinyurl.com/y7kw8zyl
More about the VRARA Global Summit: https://www.thevrara.com/vr-ar-global-summit/
About YDreams Global
YDreams Global Interactive Technologies Inc. (www.ydreamsglobal.com) is a technology company with offices in Vancouver, Sao Paulo and Rio de Janeiro. that combines Augmented and Virtual Reality Technology, Design and Intelligence to respond to the challenges and demands of today’s users and consumers.
The Company has launched its Arkave VR platform, a gaming arena that brings the most immersive experience of Virtual Reality with a highly scalable business model.
Arkave VR has a flagship store in Brazil and is being expanded to the United States and Canada through a network of distributors that will focus on the thousands of Family Entertainment Centers that exist in North America and are in constant search for innovative attractions.
The YDStudio division works as a partner for companies and brands to reframe their strategy through relevant human-centered ventures that integrates digital experience with physical presence and venues. YDStudio anticipates future challenges and connects them with the needs of the market, building innovative concepts and delivering them with international excellence.
YDreams Global?s Studio have developed over 1,300 projects for clients all over the world, such as Disney, NBA, Adidas, Cisco, Nokia, Nike, Mercedes Benz, Coca-Cola, Santander, AmBev, Qualcomm, Unilever, City of Rio and Fiat.
More Information:
Daniel Japiassu
Director and Chief Executive Officer
hey@ydreamsglobal.com|www.ydreamsglobal.com|www.youtube.com/ydreamsglobal
Neither 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.
This communication contains “forward-looking statements” within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact herein, including, without limitation, statements regarding our current and future plans and objectives, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and future events and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations as well as a list of risk factors that we deem relevant are disclosed in the documents we file from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound. Forward-looking statements are based on our current assumptions, estimates and opinions and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. We do not undertake any obligation to update forward-looking statements should our assumptions, estimates or opinions change, other than as required by law and readers are advised not to place undue reliance on forward-looking statements.
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements”. Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
Source: www.thenewswire.com
