Gaming

Playground Ventures Inc (CSE: PLAY) (the "Company") is pleased to provide an update on its joint venture subsidiary MotionPix Game Studio Inc ("MotionPix") and the launch of its exclusive Paramount Pictures licensed mobile game TOP GUN LEGENDS ("Legends").

MotionPix, as the developer of LEGENDS, is the only official licensed mobile game for the Paramount Pictures' Top Gun franchise, with the IP under license from Paramount Pictures in partnership with Paramount Consumer Products. Top Gun was originally released in May 1986 and went on to become a huge commercial success, grossing over $357 million USD with a production budget of $15 million USD.[1] Its popularity endured, with the film setting numerous Home Media records and earning a 2013 re-release in IMAX. Top Gun's cinematic legacy was set in stone after being selected for preservation in the National Film Registry by the United States Library of Congress in 2015.

As the highly anticipated release of the movie sequel rolls out this week, critical reviews have been strong. "Top Gun: Maverick pulls off a feat even trickier than a 4G inverted dive, delivering a long-belated sequel that surpasses its predecessor in wildly entertaining style" - Rotten Tomatoes - critics consensus 97% [2]

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LEGENDS was developed and distributed by partners and industry veterans at MotionPix. The game is a 3D shooter which combines the easy-to-pick up, addictive gameplay of arcade shooters with competitive Player Vs Player ("PvP") features and a rich game meta based on Top Gun lore.

"We're delighted to be releasing the exclusive official Top Gun mobile game! We're determined to capture the same sense of thrill and fist-pumping excitement from the Top Gun movies and deliver it to mobile devices worldwide. Our marketing strategy combines industry best-practices from both Free to Play ("F2P") Arcade and Role-Playing Games ("RPG") while leveraging the seminal Top Gun IP. We're looking forward to bringing a memorable playing experience to gamers worldwide that showcases one of Hollywood's most iconic film franchises, and to scale Top Gun Legends to its full potential." - Jon Gill, Chairman of Playground Ventures Inc.

With this high-quality addition to their growing catalogue of digital assets, the Company is well positioned to increase their presence in digital media and entertainment while aligning with key industry leaders. With the scheduled game release coordinated with the official movie launch on May 27th, 2022, the game will have maximum exposure to Top Gun fans, old and new, to increase the potential number of users and revenue. Top Gun Legends, in its limited tech release had over 17,000 downloads surpassing expectations and is now available globally on iOS and Android.

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About Paramount Consumer Products

Paramount Consumer Products oversees all licensing and merchandising for Paramount, a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, Paramount Consumer Products' portfolio includes a diverse slate of brands and content from BET, CBS (including CBS Television Studios and CBS Television Distribution), Comedy Central, MTV, Nickelodeon, Paramount Pictures and Showtime. With properties spanning animation, live-action, preschool, youth and adult, Paramount Consumer Products is committed to creating the highest quality product for some of the world's most beloved, iconic franchises. Additionally, Paramount Consumer Products oversees the online direct-to-consumer business for CBS and Showtime programming merchandise, as well as standalone branded ecommerce websites for Star Trek, SpongeBob, South Park, and MTV.

[1] https://www.imdb.com/title/tt0092099/
[2] https://www.rottentomatoes.com/m/top_gun_maverick

For further information, please contact:
Jon Gill, Chairman
Tel: 416-361-1913
Email: investors@playgroundventures.com

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PLAY:CNX
digital playground

Playground Ventures

Overview

The well-established video gaming industry is expected to grow at a CAGR of 9.33 percent to reach a worldwide market value of US$222.9 billion by 2025. The largest segment of this industry is mobile gaming, which reached a market value of US$110 billion in 2021 worldwide. The attractive revenues in this industry have led to major partnerships between video gaming companies and large television and film production studios. Ubisoft Entertainment SA (EPA:UBI) produced ‘South Park’ and ‘Avatar’ games while Insomniac Games Inc. produced ‘Spider-man’ games.

The Walt Disney Company’s 2017 deal with EA to exclusively develop ‘Star Wars’ products has reportedly generated billions of dollars in revenue for EA with the related mobile game currently being classified as a billion-dollar entity. As a result, companies in the video gaming industry and, more specifically, the mobile gaming industry with products released in partnership with large entertainment production studios may be an intriguing investment for investors seeking a significant return on investment.

Playground Ventures (CSE:PLAY) is an active management company focused on 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.

In April 2021, Playground Ventures acquired 40 percent interest in MotionPix Game Studio as part of a joint venture with Ludare Groups Inc. The MotionPix Game Studio joint venture will launch a high-profile mobile gaming asset that has already been fully developed. The mobile game is set to be released in the second quarter of 2022 in conjunction with a highly anticipated blockbuster movie release.

In May 2021, Playground Ventures seed invested C$350,000 in TinyRex Games Inc. for the rights to certain shares in the capital of the company. Led by a management team with a history of success in the mobile gaming and social casino industry, this partnership will bring to market three exciting idle genre games over the course of the next two years. The games will be available on iOS and Android mobile platforms with the first release ready for download in early 2022.

In July 2021, Playground Ventures entered a seed investment agreement to acquire up to 60 percent interest in GG Hub SRL (“Got Game”). Got Game is an Italian media gaming corporation founded by an experienced team of entrepreneurs and broadcasting professional. The team is building a vertically integrated European based broadcast and streaming channel that will focus on the gaming, Esports and digital media world. With a targeted launch date of late Q4 2021 for their Italian platform, this channel will provide 24/7 media content that will be translated into multiple languages and available on several media platforms. They are currently in discussions with providers to expand into different European countries.

In October 2021, Playground Ventures completed the acquisition of Countervail Games Ltd., a mobile game developer with exclusive rights to a proprietary mobile game project. This game was developed alongside another high-profile game developer and is licensed with Braille Skateboarding, the largest online skateboarding community in the world. Their first project titled “Skate Video Tycoon” capitalizes on Patent Pending Proprietary IP of the integration of Live video and Digital media in an Idle genre game. This game is currently in soft launch and is getting ready for the user acquisition phase of commercialization.

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.

As a new company with an active acquisition strategy, Playground Ventures boasts a tight capital structure with 55,402,237 shares outstanding with 60 to 70 percent of shares currently held by company insiders. The company also has an impressive market capitalization of $11,080,447 with a share price of $0.20.

Going forward, the company plans to bring its current assets to market and expects to be cash-flowing in the first half of 2022. As Playground Ventures continues to scale its operations, they will work towards having its own in-house user acquisition assets and will move to hire a CTO. The management team is also in the process of performing its due diligence on several local and global opportunities to expand its portfolio of assets.

The company is led by a thoroughly experienced management and advisory team with decades in the gaming and investment industries. Playground Ventures advisory board includes key industry leaders with a network of strong industry connections to facilitate deals and company progress.

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.

Key Projects

Management Team

Jon Gill - Chairman

Jon Gill is a former operating partner at HSD Capital which is a merchant bank. Gill is president and CEO of Super Electric Corporation which is a consumer products company based in North America and Asia. Gill is also a managing director of SEGA Entertainment Canada. He also spent 11 years with a national brokerage firm and was the past president and chairman of the Toronto Investment Dealers Association.

Chris Irwin - CEO and Director

Chris Irwin practices securities and corporate and commercial law. Irwin is also the president of Irwin Professional Corporation. He advises a number of public companies on a variety of issues including compliances, regulatory issues, reverse-takeover transactions, initial public offerings and M&A.

Harrison Reynolds - Director

Harrison Reynolds is an entrepreneur in the tech and entertainment sectors. He has been a founding member of multiple venture-backed startups in the film and mobile gaming industries and has assisted in their concept development, corporate strategy and raising of private equity.

Emma Fairhurst - Director

Ms. Fairhurst has over 20 years experience in the venture capital, financial and public company markets. Ms. Fairhurst worked at Canaccord Genuity Corp. where she administered hundreds of millions in assets, private placements and financings before becoming an investor in her own right. Ms. Fairhurst subsequently went on to be a founder and executive in the resource and tech business venture sector. Ms. Fairhurst has extensive board experience as a director and officer of publicly traded companies. Ms. Fairhurst has over 15 years experience with international development and corporate responsibility, working significantly in East Africa. Ms. Fairhurst is a director and founding member of Global Change for Children Society.

Kaylee Whitcroft - CFO

Kaylee Whitcroft most recently served as the Controller and Senior Manager of Acquisitions at an international company, where she managed a finance team in a division that had grown over 100% in one year through significant acquisition activity. She started her career at Deloitte LLP where she became a manager in the audit practice, working with multiple technology companies. Ms. Whitcroft has a Bachelor of Management and Organization Studies with an honour's specialization in accounting with distinction from Western University. She received her CA, CPA designation in 2017.

Jay Balmer - Advisor

Jay Balmer held a former leadership position at EA Games where he created the revolutionary and patented gameplay controls for the award-winning Skate franchise. Balmer joins the advisory board with 17 years of industry experience and as a founding partner of Session Games.

Ron Segev - Advisor

Ron Segev is a founding partner of Segev LLP and recognized by chambers and partners as one of the top gaming lawyers in the country. He has extensive experience in private and public M&A and finance transactions. Segev sits on the board of several publicly-traded companies.

Andrew Murphy - Advisor

Andrew Murphy has 20 years of industry experience and currently is a founding partner of Session Games. While at EA Games and Microsoft, he created the worlds for the SSX trilogy, Need for Speed and the Gears of War Franchise.

Sheldon Inwentash - Advisor

Sheldon Inwentash is the founder, chairman and CEO of ThreeD Capital Inc. which is a publicly traded Venture Capital fund. Inwentash has over 30 years of investing experience and has been an early investor in several companies that have had successful exits.

Ian Verchere - Advisor

Ian Verchere was involved in the creation of over 40 games that have generated over $1 billion in retail value while working for publishers such as EA, Sony, Disney and ESPN. Verchere has over 30 years of industry experience and is a founding partner of Session Games.

Kenny Huang - Advisor

Kenny Huang is a co-founder of the Bluebat game that was acquired by Greentube. Huang is credited for his contribution with 7 Triple A titles including NHL, Fight Night, FIFA, NBA and Madden. Huang is the founder and current CEO of TinyRex Games.

Ben Stoddard - Advisor

Ben Stoddard created several number one free-to-play action sports games, shipped multiple titles for Red Bull Media House and has participated in the development of EA titles such as the Skate and SSX franchises. Stoddard has 15 years of industry experience and is a founding partner of Session Games.

Sam Chandola - Advisor

Mr. Chandola is a serial entrepreneur who was previously the founder of V2 Games (acquired by Victory Square Technologies Inc.), Pepper Esports (acquired by TGS Esports Inc.), and Openspot Technologies (private acquisition). Sam serves as an adviser to several gaming start-ups and is a recipient of the 2014 BC Business Top 30 under 30 award, the RBC Top 75 Canadian Immigrant award, and the 2017 TMX Canada's Next 150 award. In 2021, he was also named as one of the Top 24 people of Asian Descent to Watch by the Vancouver Economic Commission. Currently he is the founder of First Fund where he has invested in over 35 gaming and technology startups at the pre-seed and seed stage.


Playground Ventures Announces Appointment of CFO

Playground Ventures Announces Appointment of CFO

Playground Ventures Inc. (CSE: PLAY) (the "Company" or "Playground") announces that Nidhi Kumra has resigned as the Company's Chief Financial Officer, effectively May 31, 2022. The Board of Directors and management would like to thank Ms. Kumra for her contributions to the Company and wish her every success in her future endeavors.

The Company is also pleased to announce that Kaylee Whitcroft, the Company's Operations Accounting Manager, has been appointed the Chief Financial Officer of the Company.

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TinyRex Launches in Canada and Prepares for Global Release

TinyRex Launches in Canada and Prepares for Global Release

Playground Ventures Inc. (CSE: PLAY) (the "Company") is pleased to announce an update on a new mobile video game in our investee company TinyRex Games Inc. ("TinyRex"). The talented team at TinyRex is pleased to announce that they are on schedule for the global release of their mobile game "Wizard of OZ: Idle Merge".

With Females representing 63% of mobile gamers, the TinyRex team believes there is significant potential in this untapped female audience for idle games. With this in mind, they built their first game centered around Dorothy, from the globally recognized Wizard of Oz books to appeal to this lucrative female audience. They have introduced their own flavour of merge mechanics in the game, requiring players to combine assets to strengthen their game progress. With a modern and humorous twist on a story that was first introduced over a century ago, this unique style of gameplay offers an engaging, entertaining mobile experience.

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Playground Ventures Appoints New Director and Advisor

Playground Ventures Appoints New Director and Advisor

Playground Ventures Inc. (CSE: PLAY) (the "Company") is pleased to announce the appointment of Ms. Emma Fairhurst as a director of the Company. Ms. Fairhurst has over 20 years experience in the venture capital, financial and public company markets. Ms. Fairhurst worked at Canaccord Genuity Corp. where she administered hundreds of millions in assets, private placements and financings before becoming an investor in her own right. Ms. Fairhurst subsequently went on to be a founder and executive in the resource and tech business venture sector. Ms. Fairhurst has extensive board experience as a director and officer of publicly traded companies. Ms. Fairhurst has over 15 years experience with international development and corporate responsibility, working significantly in East Africa. Ms. Fairhurst is a director and founding member of Global Change for Children Society.

Ms. Fairhurst beneficially owns and controls, directly or indirectly, an aggregate of 28,445,000 Common Share 6,025,000 Warrants and 750,000 Options, representing approximately 45.96% of the Company's issued and outstanding common shares on an undiluted basis and 51.22% of the Company's issued and outstanding common shares on a partially diluted basis.

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Playground Ventures Announces Debt Settlement and Option Grant

Playground Ventures Announces Debt Settlement and Option Grant

Playground Ventures Inc. (CSE: PLAY) (the "Company") is pleased to announce it has settled an aggregate of $196,252.41 of indebtedness to certain creditors of the Company through the issuance of 1,308,349 common shares in the capital of the Company (the "Common Shares") at a price of $0.15 per Common Share (the "Debt Settlement"). The Common Shares issued pursuant to the debt settlement are subject to a four-month hold period and completion of the transaction remains subject to final acceptance of the Canadian Securities Exchange.

The Company is also pleased to announce it has granted 2,425,000 options to purchase common shares of the Company exercisable at a price of $0.15 per share and expiring on February 1, 2027, to certain directors, officers and consultants of the Company. The common shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant.

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Playground Announces Acquisition of "The Campaign" Game Development Project

Playground Announces Acquisition of "The Campaign" Game Development Project

Playground Ventures Inc. (CSE:PLAY) (the "Company" or "Playground") is pleased to announce that further to its press release of June 3, 2021, the Company has entered into a share purchase agreement dated January 27, 2022 (the "Share Purchase Agreement"), with 1281750 B.C. Ltd. ("BCCo") and the shareholders of BCCo (collectively, the "Vendors"), pursuant to which the Company has acquired one hundred percent (100%) of the issued and outstanding common shares of BCCo (the "Transaction").

Pursuant to the Share Purchase Agreement, the Company will acquire all of the issued and outstanding common shares of BCCo in consideration of issuing to the Vendors an aggregate of 5,000,000 common shares in the capital of the Company (the "Consideration Shares"). The Consideration Shares are subject to the following vesting provisions: as to 1/4 immediately upon closing of the Transaction (the "Closing Date") with 1/4 additional Consideration Shares being released from escrow every six months following the Closing Date. All securities issued pursuant to the Transaction will be subject to the statutory hold period of four months and one day from the issuance thereof, as applicable, in accordance with applicable securities laws.

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BriaCell Partners with Waisman Biomanufacturing to Manufacture and Supply Prostate Cancer Immunotherapy

BriaCell Partners with Waisman Biomanufacturing to Manufacture and Supply Prostate Cancer Immunotherapy

  • Extended survival and tumor shrinkage in advanced breast cancer patients who matched the immunotherapy HLA types, lead to the development of BriaCell's prostate cancer program based on the patient's HLA type.
  • Bria-Pros™ is a novel off-the-shelf personalized immunotherapy approach to treating prostate cancer.
  • Waisman Biomanufacturing has entered an agreement with BriaCell to manufacture clinical supplies for BriaCell's anticipated clinical trial in advanced prostate cancer.

BriaCell Therapeutics Corp. (Nasdaq: BCTX, BCTXW) (TSX: BCT) ("BriaCell" or the "Company") a clinical-stage biotechnology company specializing in targeted immunotherapies for cancer, has entered a manufacturing service agreement with Waisman Biomanufacturing at the University of Wisconsin–Madison (Waisman), to manufacture Bria-Pros™, BriaCell's off-the-shelf personalized immunotherapy for prostate cancer, for anticipated use in clinical studies. Waisman is a leading contract manufacturing organization (CMO) with experience in the manufacturing of cellular therapies for clinical trials.

Under the terms of the agreement, Waisman will be responsible for good manufacturing practice (GMP) manufacturing of Bria-Pros™ for anticipated use in clinical studies. Waisman's expert team will be working closely with BriaCell's scientific and product development teams to ensure timely production of Bria-Pros™ in compliance with applicable regulatory requirements by the FDA.

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DGTL Holdings Inc. Reports $1M Contract with a Global Leader in Digital Audio Content

DGTL Holdings Inc. Reports $1M Contract with a Global Leader in Digital Audio Content

Annual Service Contract Extension Valued at $1M CAD Focused on Engagement Labs Premiere Data Analytics PaaS, TotalSocial®

DGTL Holdings Inc. (TSXV: DGTL) ("DGTL" or the "Company") is pleased to announce that its wholly owned subsidiary Engagement Labs Inc. ("Engagement Labs" or the "Subsidiary) has secured an annual multi-service contract with the global leader in premium audio storytelling (i.e. podcasts, audiobooks, etc.). This key account client is a subsidiary of a multinational technology leader that is Nasdaq listed with a market capital of US $1.1 trillion. The agreements includes four prolific new title launch studies and a one (1) year PaaS (Platform-as-a-Service) contract with a total value of nearly $1,000,000 (with options for contract renewal).

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Applied UV Announces MedLine Places Follow-On Order

Applied UV Announces MedLine Places Follow-On Order

Continued Demand Due to Centers for Medicare & Medicaid Services Policy

Strongest Sales Channel in Company History

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BioHarvest Sciences Inc. Reports Strong Q2 2022 Results with Major Achievements on All Fronts

BioHarvest Sciences Inc. Reports Strong Q2 2022 Results with Major Achievements on All Fronts

  • VINIA® sales orders reached a record high of USD 947k representing 99% growth compared to Q2 2021 and 24% growth compared to Q1 2022
  • BioHarvest reiterates guidance for year-on-year sales orders growth of 2.5-3.5X to reach USD 5M - 7M
  • Started production of VINIA® at new 20 tons/year facility enabling the scaling of VINIA® sales and conversion of current 2 tons/year facility to Cannabis
  • Applied for the Cannabis production license in Israel
  • Unveiled the profile of its unique Cannabis composition triggering serious partnership discussions with several Cannabis Multi State Operators (MSO's) in the US

BioHarvest Sciences Inc. (CSE: BHSC) (OTC PINK: CNVCF) (FSE: 8MV) ("BioHarvest" or "the Company") today announced Q2 2022 sales orders of its flagship VINIA® product reached a record high of USD 947k, representing 99% growth compared to the same quarter of last year and 24% growth compared to Q1 2022.

BioHarvest also had a strong quarter in R&D execution, highlighted by a May 12th announcement unveiling the profile of its unique Cannabis biomass composition produced in large-scale industrial bioreactors. BioHarvest also applied for a Cannabis production license in Israel. This quarter also saw the transition to the new 20Tons/year VINIA® facility in Yavneh, Israel which will enable the further scaling of the VINIA® business in the US in H2, 2022 and will deliver significant cost reductions over the next 12 months.

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DGTL Holdings Inc. Reports Strategic Restructure of Wholly Owned Subsidiaries

DGTL Holdings Inc. Reports Strategic Restructure of Wholly Owned Subsidiaries

Restructure to Divest of an Estimated $5M in Liabilities and Annual Operating Expenses and to Reposition DGTL Holdings Inc. for Scalable Revenue Growth, Cashflow Positivity and Accretive M&A

The DGTL Holdings Inc. (TSXV: DGTL) ("DGTL" or the "Company") board of directors reports that the Company has initiated a strategic restructuring of its wholly owned subsidiaries, Hashoff LLC ("Hashoff"") and Engagement Labs Inc. ("Engagement Labs"). The goal of restructuring its subsidiaries is to apply objective third-party financial analysis to current business operations to assess long term viability and to optimize organizational structures. The result of this initiative is an estimated divestiture of $5,000,402[i] in liabilities and operating expenses and a repositioning of the Company for scalable revenue growth, near-term cashflow positivity, and long-term shareholder equity.

On June 1, 2022, Hashoff LLC retained the services of Lindenwood Associates, a New York based strategic development and restructuring firm ("Lindenwood") to assess legal and financial viability as well as Klestadt Winters Jureller Southard & Stevens, LLP ("KWJSS") to provide legal services to Hashoff LLC in connection therewith. The Hashoff LLC restructuring team has completed a thorough and objective viability assessment. After presenting their report, and reviewing the facts, the board voted unanimously to accept the recommendations of Lindenwood to commence a formal orderly wind down and subsequent dissolution of Hashoff LLC in accordance with Section 18-801 of the Delaware Limited Liability Company Act.

The result of the Hashoff LLC wind down is the divestiture of an estimated $1,939,053 in accounts payable and accrued expenses and $572,849 in contingent liabilities from the DGTL Holdings Inc. consolidated balance sheet.[ii] As the initial step towards this financial restructuring project, both of DGTL's wholly owned subsidiaries have been approved for PPP (Paycheck Protection Program) loan forgiveness. PPP loan forgiveness applications were processed by the SBA (Small Business Association) a US federal administration agency that administers small business relief loans (as authorized by s.1106 of the federal CARES Act). Hashoff LLC had $177,000 in PPP loans forgiven and Engagement Labs had $420,000 in loans forgiven totalling $597,000 in interest bearing loans removed from the DGTL Holdings balance sheet.

In addition, by identifying and implementing numerous cost savings and efficiency measures, the new DGTL executive team has produced a 50% reduction in annual operating expenses for Engagement Labs Inc. The financial restructure of Engagement Labs provides a viable entity which will now serve as DGTL's flagship social media subsidiary, with multiple operating business lines. In doing so, Engagement Labs Inc. will expand product and service offerings to include strategy, execution, measurement and distribution solutions to serve DGTL's Fortune 100 clients as a full-service social media PaaS (Platform-as-a-Service).

Therefore, within the first 120 days under the leadership of the new DGTL executive team, the Company has proactively divested over $3,234,743 in current and non-current liabilities and an additional $1,891,500 in annual operating expenses[iii] totalling an estimated first year reduction of $5,000,402 in long term debt and on-going operating expenses. When accounting for the longer-term impact of the significant reduction in annual operating expenses, a continuance of the previous cost structure would continue to increase this total estimate with every future year of on-going operations. Financial improvements will begin to be reflected within the Q1 2023 financial statements (October 30, 2022), and subsequent filings, thereafter.

In summary, the new DGTL executive team is dedicated to restoring fiscal responsibility, accountability and sound corporate governance in order to maximize long term value of shareholder equity. Reducing liabilities and post-restructure operating expenses by an estimated $5,000,402 is a major material improvement to the consolidated financial position of the Company. Moving forward, DGTL is now positioned for scalable revenue growth and accretive M&A with a stronger corporate structure and a viable financial position.

In closing, DGTL will be hosting a video webinar on Wednesday July 6th, 2022, which will include a CEO update on the Company and its current operations and future business interests. The participant details for this meeting are listed below. Availability is limited. Register in advance to secure participation.

DGTL CEO Update
July 6th, 2022, 01:00 PM Eastern Time (US and Canada)

Register in advance for this meeting via the link below.
https://zoom.us/meeting/register/tJYpdO2tpjkrE9SXqxzeWGtson8BaIOSH3LK

After registering, you will receive a confirmation email containing information about joining the meeting.

For more information, please contact:

DGTL Holdings Inc.
John David A. Belfontaine
Chief Executive Officer, Chairman

Email: IR@dgtlinc.com
Phone: +1 (877) 879-3485

------

DGTL Holdings Inc.

DGTL Holdings Inc. acquires and accelerates transformative digital media, marketing and advertising software and services companies. DGTL (i.e. Digital Growth Technologies and Licensing) specializes in accelerating fully commercialized enterprise level SaaS (software-as-a service) and PaaS (Platform-as-a-Service) companies entering a rapid growth stage within the sectors of social media, gaming, streaming, OTT and others. In doing so, DGTL is seeking to build full-service operating business lines in each sector complete with content, analytics and distribution solutions. DGTL is seeking new accretive M&A opportunities via a blend of unique capitalization structures. DGTL Holdings Inc. is traded on the Toronto Venture Exchange as "DGTL", the OTCQB exchange as "DGTHF", and the FSE as "A2QB0L". DGTL Holdings Inc. has 44,549,265 common shares issued and outstanding, as of the date of this release. For more information visit: www.dgtlinc.com.

Engagement Labs

As a wholly owned subsidiary of DGTL Holdings Inc., Engagement Labs is an industry-leading data and analytics firm that provides social intelligence for Fortune 500 brands and companies. Engagement Labs' TotalSocial® platform focuses on the entire social ecosystem by combining powerful online (social media) and offline (word of mouth) data with predictive analytics. Engagement Labs has a proprietary ten-year database of unique brand, industry and competitive intelligence, matched with its cutting-edge predictive analytics that use machine learning and artificial intelligence to reveal the social metrics that increase marketing ROI and top line revenue for its diverse group of enterprise level clients. Engagement Labs Inc. will expand product and service offerings to include strategy, execution, measurement and distribution solutions to serve DGTL's Fortune 100 clients as a full-service social media PaaS (Platform-as-a-Service).

To learn more visit www.engagementlabs.com.

Lindenwood Associates LLC

Lindenwood Associates is an experienced strategic development and restructuring firm. Lindenwood is led by corporate turnaround and restructuring specialists with progressive expertise leading and managing distressed companies, delivering results in crisis situations, divestitures, and a wide range of corporate development initiatives. Lindenwood leads companies through complex challenges spanning a diverse range of industries to achieve improved strength, value, and growth.

For more information visit https://www.lindenwoodassociates.com.

KWJS&S, LLP

Klestadt Winters Jureller Southard & Stevens (KWJS&S), LLP is a boutique commercial law firm dedicated to providing superior legal services. The firm specializes in the primary areas of practice Corporate Reorganization and Restructuring, Commercial Litigation, Transactions & Finance.

For more information, please visit https://klestadt.com.

This news release contains certain statements that constitute forward-looking statements as they relate to DGTL and its subsidiaries. Forward-looking statements are not historical facts but represent management's current expectation of future events, and can be identified by words such as "believe", "expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "continues" and similar expressions. Although management believes that the expectations represented in such forward-looking statements are accurate, there can be no assurance that they will prove to be correct. By their nature, forward-looking statements include assumptions, and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this new release, DGTL will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, DGTL assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to the impact of all intangible and variable economic and legal risks that at this time are immeasurable and impossible to define.

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Naturally Splendid Reports Year-End Results for 2021

Naturally Splendid Reports Year-End Results for 2021

Naturally Splendid Enterprises Ltd. ("Naturally Splendid", "NSE" or "the Company") (FRANKFURT:50N) (TSXV:NSP) (OTC PINK:NSPDF) announces its audited financial results for the year ended December 31, 2021. All amounts are in Canadian dollars and are prepared in accordance with International Financial Reporting Standards

Naturally Splendid Chief Financial Officer Mr. George Ragogna states, "The company continues to focus on reducing operating overheads while we continue to re-purpose our existing certified food facility in Pitt Meadows, BC to optimize production of plant-based entrees. We have made positive strides for the Company in several areas including securing an exclusive ten (10) year manufacturing and distribution agreement for Canada with Flexitarian Foods Pty. Ltd, Australia's largest plant-based manufacturer. This 10-year exclusive manufacturing agreement can be extended for a further ten (10) year period.

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