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YDreams Global Interactive Technologies Inc. (TSXV:YD, www.ydreamsglobal.com) (“YDreams” or the “Company”) is pleased to present a corporate update of its full second year as a public company.
YDreams Global Interactive Technologies Inc. (TSXV:YD, www.ydreamsglobal.com) (“YDreams” or the “Company”) is pleased to present a corporate update of its full second year as a public company. The company has grown from a project based creative marketing company primarily focused on its Brazilian operations to a global company with 3 primary divisions created for expansion. YDreams has expanded its creative marketing project offerings to businesses in North America, it has created a Virtual Reality studio for immersive movies and a division to explore interactive exhibitions showcasing people, places or events. Finally, it has expanded its innovative gaming platform Arkave VR (Virtual Reality) globally. YDreams is targeting over 200 Arkave VR arenas installed by the end of 2019 making it the largest integrated network of free roaming VR in the world.
2017/18 YDreams invested heavily in creating several highly marketable products and increasing its presence in North America. The company expanded its VR experiences into North America with projects like the Schutz Manhattan store, University of British Columbia VR project while strengthening its position with global brands like the NBA, Qualcomm and Coca-Cola. These relationships help showcase the talented team YDreams has to offer with the focus of building long term relationships for future projects as Global companies venture in the VR world.
Creating unique experiences leveraging VR technologies is key to YDreams growth plan. The launch of Arkave VR, the immersive gaming platform where up to 3 players can play in an arena together with wireless devises. Over 180,000 minutes of gameplay has been monitored recently with great feedback from the users and key influential gamers and Family Entertainment Centers operators. This disruptive approach to gaming is expected to expand globally using a partnership and franchising model. Customers will be able to choose a location anywhere in the world to experience a variety of highly immersive VR content, not only developed by the company but also from third party game producers.
Recent articles by publications like Forbes and PWC put location-based VR as a $45 Billion industry. The most significant revenue stream models for Arkave VR are in selling units to existing entertainment centers, from cruise ships, movie theatres and hotel lobbies to traditional centers such as family entertainment facilities, bowling alleys and existing VR arcades. Every unit sold comes with a monthly licensing fee to YDreams Global, which means strong recurring revenue. The company is also generating significant revenues by renting Arkave VR for events and creating branded activations using the technology.
YDreams recently announced a new partnership with Quanta DGT Group that will bring the virtual reality experiences to over 1,000 movie theaters in Brazil. Adding value to the infrastructure of the traditional cinema content opens up many possibilities where leveraging infrastructure, technology and immersive experiences to bring a unique entertainment offering people can’t find at home. This is a game changer and shows the true power behind VR’s potential and will launch the beginning of a strong reoccurring revenue stream to YDreams and its partners.
Daniel Japiassu, CEO of YDreams stated “The expansion of Arkave VR in North America is exciting for us as we can show the global audience how amazing this unique experience is. We are targeting several major cities in US and Canada and are in advanced negotiations for implementation of our arenas.” Also stating “We are confident the audiences will love the experience and our next steps will be for us to enter the European market.”
To support the expansion into North America, the Company is bringing a talented team from Brazil to reinforce the operation in Vancouver while also investing in a new facility in the heart of the city. The Vancouver operation will allow YDreams to showcase Arkave VR to its potential clients and aid in global sales.
The Experience and Exhibitions divisions are also on the rise, with expressive results and significant improvements over 2017.
“Net revenues went up 137% in the first quarter of 2018, comparing to 2017, and the second half of 2018 is shaping up to be one of the best of the Company?s history. Over 30 projects were delivered so far in 2018, including several maintenance projects that have higher margins and new VR related projects. Sales pipelines are strong and there is an interesting renewal of new brands that the company is working with. ” – stated Karina Israel, COO of YDreams Global.
“The second half of 2018 is going to be very active as we execute on all the hard work the team has put into growth over the last 12 months.” said Daniel Japiassu, CEO of YDreams. “I look forward to sharing our good news with our shareholders and global clients.”
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.
