TORONTO, Aug. 20, 2020 (GLOBE NEWSWIRE) — i3 Interactive Inc.(“i3 Interactive” or the “Firm”) (CSE: BETS) (FRA: F0O3), is happy to announce that the Indian poker model, FTR Poker, which the Firm is within the midst of buying pursuits in pursuant to the phrases of the definitive settlement (“Definitive Settlement”) outlined within the beforehand introduced press launch on August 10, 2020, is gaining traction in India (the “Proposed Acquisition”). Upon completion of the Proposed Acquisition, the Firm intends to function beneath a brand new identification, BLITZPOKER.
Following the Proposed Acquisition, BLITZPOKER will run on one of many largest networks in India, a community with over one million registrations and over 75,000 lively customers. The upcoming acquisition of this well-known model, that has been out there for shut to five years, generates pleasure for Firm as this asset provides nice potential for exponential progress.
BLITZPOKER has grown over 5 occasions in web revenue throughout the final 12 months and with the popularly recognized ‘King of Instagram’ Dan Bilzerian’s (“Mr. Bilzerian”) involvement, the Firm anticipates additional progress. CEO Chris Neville stated “In India, Dan Bilzerian has over 7 million social media followers and over the weekend we launched his first advertising and marketing initiative the place blitzpoker.com plans to host the most important free to enter poker match with the most important prize pool ever to be provided in India. BLITZPOKER has been rising at 30-40% monthly within the final quarter and has added 40,000 new prospects. Such a progress is unprecedented with out 7-Eight determine advertising and marketing spends” stated Neville. The CEO additionally stated “We’re hopeful that Dan’s affect and model will permit the corporate to develop into one of many greatest worldwide playing firms earlier than 2021-2022.”
Mr. Bilzerian, stated, “On my final go to to India I noticed a whole lot of potential for poker to develop in India as a recreation. The doorway of BLITZPOKER within the nation is an indication of confidence in that perception. I’m wanting ahead to the response of the Indian poker participant group in India.”
Along with Mr. Bilzerian, high celebrities together with Disha Patni, Malaika Arora, Neha Sharma, and Mouni Roy, who’ve spectacular Instagram followings of 38.1 million, 11.2 million, 10.Eight million, and 13.6 million, respectively, have all not too long ago posted promotional posts for BLITZPOKER. The Firm has engaged over 50 celeb and influencer personalities, bringing BLITZPOKER to the eye of roughly 110 million Instagram followers. With the addition of Mr. Bilzerian’s notable viewers, the Firm is ready to deliver its attain to over 142 million on the Instagram platform alone.
BLITZPOKER will present a wide range of video games for each skilled and leisure gamers is obtainable with the model that includes a number of zero buy-in tournaments and particular bonuses and weekly giveaways for first time gamers.
ABOUT I3 INTERACTIVE INC.
The Firm is within the enterprise of offering prospects with a web based and cell gaming platform which is able to present sports activities followers worldwide with a singular and highly-engaging social gaming product, and sports activities betting and on line casino product providing. In an effort to interrupt into the varied rising international markets, i3 has secured partnerships with key business contacts, together with Dan Bilzerian, an internationally famend and extensively revered social media celeb with over 50 million social media followers.
For added data on the Firm:
Chief Govt Officer
Tel: (902) 240-4221
E mail: [email protected]
This press launch accommodates forward-looking statements throughout the that means of relevant Canadian securities legal guidelines. Ahead-looking statements are sometimes, however not all the time, recognized by means of phrases reminiscent of “search”, “anticipate”, “imagine”, “plan”, “estimate”, “count on”, “probably” and “intend” and statements that an occasion or end result “could”, “will”, “ought to”, “might” or “would possibly” happen or be achieved and different related expressions. The forward-looking statements on this press launch embody statements referring to the projections for progress within the Indian on-line gaming market, the Firm’s capability to shut the Proposed Acquisition and re-launch FTR Poker as Blitzbet, the projections for progress in Blitzpoker’s revenue, the Firm’s anticipation concerning the Firm changing into the most important worldwide playing firm earlier than 2021-2022, Mr. Bilzerian’s capability to generate traction with gamers and followers, the Firm’s projections for progress within the Indian market, and the Firm’s plans to characteristic zero buy-in tournaments and the providing of particular bonuses. Ahead-looking statements are topic to enterprise and financial dangers and uncertainties and different components that might trigger precise outcomes of operations to vary materially from these contained within the forward-looking statements, together with, with out limitation, (i) the prices of compliance with and the chance of legal responsibility imposed beneath the legal guidelines of the jurisdictions by which the Firm is working or will function (the “Working Jurisdictions”) together with playing legal guidelines and rules, sports activities betting legal guidelines and rules and cell or on-line playing and sports activities betting legal guidelines and rules, (ii) unfavorable adjustments within the political atmosphere or within the regulation of cell and on-line sports activities betting or playing and the Firm’s enterprise within the Working Jurisdictions, (iii) dangers referring to COVID-19 (iv) unfavorable shifts in public opinion and notion of the playing business, (v) vital competitors within the business, (vi) dangers of product legal responsibility and different safety-related legal responsibility because of utilization of the Firm’s deliberate playing and betting merchandise, (vii) lack of mental property rights or protections, (viii) cybersecurity dangers, (ix) constraints on advertising and marketing merchandise,(x) fraudulent exercise by workers, and (xi) threat of litigation. Readers are cautioned to not place undue reliance on forward-looking statements as there could be no assurance that the plans, intentions or expectations upon which they’re positioned will happen. Readers are additional cautioned that the assumptions used within the preparation of such forward-looking statements (together with, however not restricted to, the idea that (i) the Firm will be capable to execute on its marketing strategy as anticipated, together with its capability to take care of a relationship with Dan Bilzerian, (ii) the Firm’s monetary situation and improvement plans don’t change because of unexpected occasions, (iii) there’ll proceed to be a requirement, and market alternative, for the Firm’s product choices, (iv) the Firm will be capable to set up, protect and develop its model, and entice and retain required personnel, and (v) present and future financial circumstances will neither have an effect on the enterprise and operations of the Firm nor the Firm’s capability to capitalize on anticipated enterprise alternatives) though thought-about cheap by administration of the Firm on the time of preparation, could show to be imprecise and lead to precise outcomes differing materially from these anticipated, and as such, undue reliance shouldn’t be positioned on forward-looking statements. The forward-looking statements included on this press launch are made as of the date of this press launch and the Firm doesn’t undertake an obligation to publicly replace such forward-looking statements to mirror new data, subsequent occasions or in any other case until required by relevant securities legal guidelines. Ahead-looking statements, forward-looking monetary data and different metrics offered herein usually are not supposed as steerage or projections for the durations referenced herein or any future durations, and particularly, previous efficiency isn’t an indicator of future outcomes and the outcomes of the Firm on this press launch will not be indicative of, and usually are not an estimate, forecast or projection of the Firm’s future outcomes. Ahead-looking statements contained on this information launch are expressly certified by this cautionary assertion.
OMG is continually cementing what Social-First means, the way it positively transforms society over the long-term and most significantly, it should be the industrial mannequin companies convert to. The ethics we dwell by, form our values and tradition. We’ve made nice strides due to the help we obtain from the general public.