Vancouver, British Columbia–(Newsfile Corp. – November 19, 2020) – Fandom Sports activities Media Corp. (CSE: FDM) (OTCQB: FDMSF) (FSE: TQ43) (“Fandom” or the “Firm”), is happy to announce that it has entered right into a letter of intent for its first affiliate partnership for its regulated wagering platform. Fandom’s peer-to-peer wagering platform is being constructed upon proprietary knowledge feeds from main Esports sport publishers.
Fandom has signed a letter of intent with Elite Duels Corp. (“Elite”), a non-public firm working an Esports fantasy platform, in respect of an affiliate partnership settlement. Below the proposed phrases of the affiliate settlement, Fandom shall be launching a white-labeled fantasy Esports platform. Concurrently Fandom shall be offering the peer-to-peer wagering providers beneath an affiliate internet marketing plan to the operators of the fantasy Esports platform beneath a income sharing settlement upon the platform launch.
Fandom and Elite are consulting in direction of implementation of a go to market and technical integration methods and the Firm expects to problem updates on the rollout of integrations of each merchandise. Esports followers trying to play fantasy Esports are actually capable of undergo Fandom and compete in Fantasy sports activities and Esports right this moment by means of: https://eliteduels.fandomesports.gg/#/lobby?ref=RmFuZG9tIGVTcG9ydHM .
All present gamers on the Elite Duels database may have early entry to the Fandom wagering platform.
“We’re extraordinarily excited on the prospect of coming into our first affiliate partnership. The flexibility to scale our platform past that of our personal advertising efforts will differentiate us in a crowded vertical. Our new associate’s fantasy platform is easy and seamless and its fast adoption since its launch 2 years in the past is extraordinarily encouraging. Our aim to offer a world-class participating eco-system for all ages followers and followers of wagering on stay Esports occasions is now additional complemented by entry to the fantasy esports and sports activities platform. The flexibility to market the fantasy platforms positions Fandom for entry to quick income streams. We attempt to proceed increasing our partnerships, platforms and worth creation initiatives for stakeholders and shareholders,” states David Vinokurov, Fandom CEO and President.
The Firm additionally needs to report on the grant of an mixture of 1,600,000 incentive inventory choices to sure officers, administrators and consultants of the Company. The choices have an train worth of $0.09 and have a time period of 5 years expiring on November 17, 2025.
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Sure statements made herein could include forward-looking info inside the that means of the relevant Canadian securities legal guidelines (“ahead trying statements”). Typically, however not at all times, forward-looking statements may be recognized by means of phrases similar to “plans”, “expects”, “budgets”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives or thereof. Ahead-looking statements herein embrace, however are usually not restricted to statements with respect to: the affiliate internet marketing relationship with Elite Duels Corp. and the coming into right into a definitive settlement for the affiliate internet marketing partnership and the anticipated advantages to Fandom from the definitive settlement; market acceptance of the Firm’s peer-to-peer wagering platform; the Firm’s expectation of turning into a world-class participating eco-system for all ages followers and followers of wagering on stay Esports occasions; and the anticipated progress and well being of the Esports betting market usually.
Ahead-looking statements by their nature are based mostly on assumptions and contain recognized and unknown dangers, uncertainties and different components which can trigger the precise outcomes to be materially completely different from these expressed or implied by the forward-looking statements. Now we have made sure assumptions, which our administration believes to be cheap, concerning the forward-looking statements, together with the power to enter right into a definitive affiliate internet marketing settlement with Elite Duels Corp., the anticipated income and different advantages to be generated by the connection, in addition to the continuing efficiency benefits of the Firm’s platform as compared with present or future aggressive choices, and the longer term progress of the market during which we compete. Nonetheless, we will present no assurance that the forward-looking statements will show to be correct. Moreover, ought to a number of of the dangers, uncertainties or different components materialize, or ought to underlying assumptions show incorrect, precise outcomes could range materially from these described in forward-looking statements. Accordingly, you shouldn’t place undue reliance on the forward-looking statements or info contained herein. Necessary further info figuring out dangers and uncertainties and different components is contained within the part entitled “Threat and Uncertainties” within the Firm’s most up-to-date Administration Dialogue and Evaluation filed on SEDAR.
Besides as required by regulation, we don’t intend to replace forward-looking statements whether or not because of new info, future occasions or in any other case.
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