HiQ Reaches Over 2 Million Downloads; Plans Expansion on Its 2MM Downloads by Partnering up With Tally to Bring Live Prediction Questions to the Indian Premier League Cricket Tournament

Facedrive Inc. (" Facedrive ") (TSXV: FD), a Canadian "people-and-planet-first" tech ecosystem, is delighted to announce that the HiQ App (the " App "), a platform developed by Facedrive's wholly-owned subsidiary HiRide Share Ltd. (" HiRide "), a socially-responsible peer-to-peer platform offering innovative transportation and communication solutions, is partnering with Tally Technology Group Inc. (" Tally ," https://www.playtally.com/ ), a white-label, free-to-play sports predictions platform founded by Superbowl-winning quarterback Russell Wilson and Jason LeeKeenan, to bring live prediction gaming questions to audiences of the Indian Premier League (IPL) Cricket tournament (in the Asian market), which has enjoyed an average viewership of 32.2m per game in 2019 and 39m in 2020 (Times of India).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201020005400/en/

Socialization Platform

HiRide's HiQ Social App is a socialization platform that invites users to stay connected while practicing social distancing, and encourages interactions based on common interests. The App continuously demonstrates growing international popularity and has recently surpassed a key milestone of 2 million downloads. One of its newest features, "Communities", which offers users the ability to interact with other like-minded users through AI based algorithms, has seen tremendous growth in the last month surpassing 15,000+ active communities. The unique concept of pairing trivia games with live interactions with multiple communities globally has made HiQ a premium provider in social gaming and opened avenues for meaningful collaborations with global partners such as Tally.

Background

In August 2020, Facedrive completed a sign-and-close definitive agreement to invest in and partner with Tally (the " Partnership ") through various initiatives. The Partnership signals strong commercial potential, as it combines Facedrive's growing presence in the global markets with Tally's track record as the premier tech solution selected for boosting viewer engagement by the NFL, NHL, and NBA teams.

Synergies and Opportunities

"We are excited to partner up with the Facedrive team to create a unique cricket experience for users in India. IPL fans will have the opportunity to put their cricket knowledge to test and compete with fans around the world. This is a great opportunity for us to expand into a new sporting league." said Bradley Vettese CEO of Tally Technology Group Inc.

The joint project by for the IPL tournament marks the first milestone of the Partnership among Tally and Facedrive's HiRide. In light of the global pandemic, cricket fans in the Asian market are unable to attend live games. As result, the parties are confident that gamification and online fan engagement are the clear future of the sports and entertainment industries, and the introduction of live prediction gaming questions will allow both companies to better engage with the audience during the IPL tournament. Free-to-play prediction games ahead of each match will allow fans to guess the outcomes of the IPL tournament's 20+ games and use a global leaderboard to compete with other users for a chance to win cash prizes.

"We are really excited to work with the Tally team to bring live gaming prediction questions to the IPL tournament. This is a huge opportunity for us to further penetrate the Asian market and provide another layer of value to our user base worldwide," said Sayan Navaratnam, CEO and Chairman of Facedrive.

"We are thrilled to start this partnership with Tally and bring this fun and innovative product to our user base in Asia. Through this partnership, IPL fans would get an enhanced experience watching the game and getting an opportunity to compete with cricket fans all around the world." said Akshat Soni, CEO of HiRide.

About Facedrive

Facedrive is a multi-faceted "people-and-planet first" tech ecosystem offering socially-responsible services to local communities with a strong commitment to doing business fairly, equitably and sustainably. As part of this commitment, Facedrive's vision is to fulfil its mandate through a number of verticals that either leverage existing technologies of the Company or project considerable synergies with existing lines of business (the " Facedrive Verticals "). The Facedrive Verticals include its rideshare business (" Facedrive Rideshare "), sustainable e-commerce platform (" Facedrive Marketplace "), food-delivery service (" Facedrive Foods "), social media platform (" Facedrive Social ") and its contact-tracing and sustainable health services business (" Facedrive Health "). Facedrive Rideshare was the first to offer green transportation solutions in the TaaS space, planting thousands of trees and giving users a choice between EVs, hybrids and conventional vehicles. Facedrive Marketplace offers curated merchandise created from sustainably sourced materials. Facedrive Foods offers contactless deliveries of a wide variety of foods with the focus on healthy foods right to consumers' doorsteps. Facedrive Health develops innovative technological solutions to the most acute health challenges of the day. Facedrive is changing the ridesharing, food delivery, e-commerce and health tech narratives for the better, for everyone. For more about Facedrive, visit www.facedrive.com .

About Tally

The Tally technology platform presents a complete, state-of-the-art solution supporting the creation and delivery of partner-branded, free-to-play prediction games for sports fans all around the world. The technology consists of a robust game authoring and validation tool, a mobile-first app for fans, and a comprehensive analytics portal for partners. Built to be configurable, Tally's modular system enables a wide range of game formats based on partner's preferences, is easy to integrate with other apps and accessible from all types of devices. For more about Tally, visit https://www.playtally.com/ .

Forward-Looking Information

Certain information in this press release contains forward-looking information. This information is based on management's reasonable assumptions and beliefs in light of the information currently available to us and are made as of the date of this press release. Actual results and the timing of events may differ materially from those anticipated in the forward-looking information as a result of various factors, including those pertaining to the widespread adoption and engagement of Facedrive socialization platforms by fans and the extent to which the future of the sports and entertainment industries will rely on gamification and online fan engagement. Information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. Statements containing forward-looking information are not facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements.

See "Forward-Looking Information" and "Risk Factors" in Facedrive's Filing Statement dated August 28, 2019 for a discussion of the uncertainties, risks and assumptions associated with these statements. Readers are urged to consider the uncertainties, risks and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Media: Sana Srithas | sana@facedrive.com
Sayan Navaratnam
Chief Executive Officer and Director
Tel: 1-888-300-2228

News Provided by Business Wire via QuoteMedia

The Conversation (0)
CoTec Holdings (TSXV:CTH)

CoTec Holdings Corp. Announces Annual and Special Meeting Results

CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (the "Company") is pleased to announce that all resolutions were passed by requisite majority at its annual and special meeting of shareholders held earlier today in virtual format.

The seven incumbent directors, Julian Treger, Raffaele (Lucio) Genovese, Tom Albanese, Margot Naudie, Sharon Fay, Erez Ichilov and Robert Harward were re-elected to the Board by shareholders. The shareholders also approved the re-appointment of PricewaterhouseCoopers LLP as auditors of the Company for the ensuing year and the Company's amended and restated omnibus equity incentive plan.

Keep reading...Show less
CoTec Holdings (TSXV:CTH)

CoTec Holdings Corp. Announces Initial Closing of Life Offering and Concurrent Private Placement

CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (the "Corporation") is pleased to announce that it has completed an initial closing (the "Initial Closing") of its previously announced financing under the Listed Issuer Financing Exemption (as defined below) (the "LIFE Offering") and concurrent private placement (the "Private Placement" and together with the LIFE Offering, the "Offerings") of up to an aggregate of 12,820,512 units (each, a "Unit") at a price of $0.78 per Unit for aggregate gross proceeds of up to $10,000,000 (comprised of $5,000,000 under the LIFE Offering and $5,000,000 under the Private Placement). Each Unit consists of one common share in the capital of the Corporation (each a "Common Share") and one Common Share purchase warrant (each a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $1.20 for a period of 18 months following the issuance of the Units.

Keep reading...Show less
Hempalta (TSXV:HEMP)

Hempalta Issues Open Call for Strategic Partnerships to Scale Alberta-Based Nature-Based Carbon Program

Hempalta Corp. (TSXV: HEMP) ("Hempalta" or the "Company"), a Canadian-based provider of nature-based carbon credit solutions, is pleased to announce an open call for strategic partnerships to support the scale-up of its closed-loop, on-farm carbon removal program — already operating with 13 Alberta farms and over 10,000 acres of regenerative hemp cultivation.

The initiative builds on Hempalta's existing verified success and aims to expand to 25,000 acres in Alberta, delivering high-durability carbon removal credits through the transformation of agricultural waste into biochar — a nature-based climate solution recognized for its permanence and co-benefits to soil health.

Keep reading...Show less
CoTec Holdings (TSXV:CTH)

HyProMag USA Receives "Make More in America" Domestic Finance Letter of Interest for up to US$92 Million From US EXIM Bank

CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec") and Mkango Resources Ltd. (AIM:MKA)(TSXV:MKA) ("Mkango") are pleased to announce HyProMag USA, LLC, a Delaware corporation ("HyProMag USA" or the "Project") has received a Make More in America (MMIA) domestic finance letter of interest ("LOI") from the U.S. Export-Import ("EXIM") Bank for its first integrated rare earth recycling and magnet making facility in Dallas-Fort Worth, Texas.

In terms of the letter, EXIM may be able to consider potential financing of up to $92 million of the project's costs with a repayment tenor of 10 years.

Keep reading...Show less
Troy Minerals (CSE:TROY)

Troy Minerals Reports Drilling Results from the Lake Owen Project, Wyoming

Show 240.73 meters of Critical Metal Mineralization, Iron, Titanium, Vanadium, Scandium and Gallium

Keep reading...Show less
CoTec Holdings (TSXV:CTH)

CoTec Holdings Corp. Announces Filing of Amended and Restated Life Offering Document

CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec" or the "Company") announces that, further to its news release of May 20, 2025, it has filed an amended and restated offering document in connection with its proposed financing under the Listed Issuer Financing Exemption (as defined below), whereby the Company intends to raise up to $5 millionthrough an offering of up to 6,410,256 units (each, a "Unit") at a price of $0.78 per Unit (the "LIFE Offering").

Concurrently with the LIFE Offering, as previously announced, the Company also intends to complete a private placement financing whereby the Company intends to raise up to $5,000,000 through an offering of up to 6,410,257 Units to be priced at $0.78 per Unit (the "Concurrent Offering" and together with the LIFE Offering, the "Offering"). The Common Shares offered under the Concurrent Offering will be subject to a four month and one day hold period in accordance with applicable Canadian securities laws.

Keep reading...Show less

Latest Press Releases

Related News

×