DORVAL

Compete.gg reveals artificial intelligence roadmap and 2023 growth initiatives

Retrieved on: 
Monday, February 6, 2023

MONTREAL, Feb. 06, 2023 (GLOBE NEWSWIRE) -- React Gaming Group Inc. (“React Gaming” or the “Corporation”) (TSXV: RGG, OTCQB: ITMZF) is pleased to announce Compete.gg’s growth strategy for 2023 and beyond.

Key Points: 
  • MONTREAL, Feb. 06, 2023 (GLOBE NEWSWIRE) -- React Gaming Group Inc. (“React Gaming” or the “Corporation”) (TSXV: RGG, OTCQB: ITMZF) is pleased to announce Compete.gg’s growth strategy for 2023 and beyond.
  • “In 2023, we will be even more active as we integrate new AI capabilities to the platform, offering best-in-class experience to improve fan engagement.
  • This can help reduce administrative overhead and increase the number of tournaments offered on our platform, further increasing user engagement and driving revenue.
  • “For the time being, we will prioritize short-term revenue generation, through AI and expanding our fan base into new markets, and work on mobile as a longer-term growth initiative,” concluded Mr. Hughes.

React Gaming to integrate AI into Compete.gg and LOOT.BET platforms

Retrieved on: 
Wednesday, February 1, 2023

As this booming industry grows, AI is widely seen as having the potential to bring about significant revenue opportunities in the next decade.

Key Points: 
  • As this booming industry grows, AI is widely seen as having the potential to bring about significant revenue opportunities in the next decade.
  • This is why we will focus in 2023 on enhancing our AI capabilities in both our online esports platforms,” said Leigh Hughes, CEO of React Gaming.
  • More precisely, this would involve exploring the exciting possibilities of AI technology to revolutionize the online esports tournament space.
  • Our goal is to utilize AI algorithms to generate the fairest and most competitive tournaments possible, in real time.

React Gaming signs definitive B2B agreement with HHR Philippines, Inc.

Retrieved on: 
Wednesday, November 16, 2022

This is major news for React Gaming, as it allows us to tap into the very lucrative and low capital intensive B2B market for the first time, said Leigh Hughes, CEO of React Gaming.

Key Points: 
  • This is major news for React Gaming, as it allows us to tap into the very lucrative and low capital intensive B2B market for the first time, said Leigh Hughes, CEO of React Gaming.
  • We believe that this new B2B business model will allow us to expand our LOOT.BET platform faster and more efficiently, with minimal investment and lower risk, and could represent a win-win solution for both React Gaming and online gaming operators across the globe.
  • HHRPh is a software and professional service provider of electronic gaming platforms for land-based and online gaming operators.
  • We provide electronic gaming systems and platforms to casinos and electronic gaming hall operators licensed and registered with PAGCOR.

Parabellum Esports, React Gaming’s subsidiary partners with Viral Nation

Retrieved on: 
Tuesday, November 15, 2022

We are excited to have a world-class agency like Viral Nation represent our business interests and brand opportunities within the esports space, said Chris Lamarucciola, CEO of Parabellum Esports.

Key Points: 
  • We are excited to have a world-class agency like Viral Nation represent our business interests and brand opportunities within the esports space, said Chris Lamarucciola, CEO of Parabellum Esports.
  • Parabellum Esports has done an excellent job of scaling its business in such a short amount of time, said Joe Gagliese, Co-Founder and CEO at Viral Nation.
  • Viral Nation will serve as the Parabellum Esports agency of record and provide the organization with its expertise in esports talent management, team sponsorships, brand development and consulting services.
  • Viral Nation is a global digital media innovation group that powers the social ecosystem through integrated solutions that align strategy, talent, media, and technology.

React Gaming retains Leigh Hughes as its permanent CEO

Retrieved on: 
Monday, November 14, 2022

MONTREAL, Nov. 14, 2022 (GLOBE NEWSWIRE) -- React Gaming Group Inc. (“React Gaming” or the “Corporation”) (TSXV: RGG, OTCQB: ITMZF) is pleased to announce that it has retained Leigh Hughes as its permanent CEO.“Leigh has proven to be a strong leader since his appointment as Interim CEO in June and we are thrilled that he has agreed to remain as React Gaming’s permanent CEO,” said Philip Nolan, a director of React Gaming. “His strong business acumen and his leadership have allowed us to work as a team and have already delivered some very positive results, namely through the various partnerships that have been executed and our ongoing activities to drive growth. We believe that Leigh has the capacity to unlock React Gaming’s full potential and create sustainable long-term value for our shareholders.”As previously reported, Leigh Hughes is an entrepreneur and venture capitalist with over 20 years of experience working with private and public companies across the globe, particularly in North America, Australia and the Asia-Pacific region. He is also the founder of COMVERJ Ventures, which helps clients identify opportunities for change in the fields of mergers and acquisitions, capital markets, business strategy and innovation. COMVERJ Ventures has worked with numerous public companies in the United States, Canada, Australia and Europe.“I am proud and thrilled to pursue my relationship with React Gaming on a permanent basis and am deeply committed to making a success of this promising company,” said Leigh Hughes, CEO of React Gaming. “Since my appointment as Interim CEO, our team has been working relentlessly to achieve React Gaming’s objective of becoming a leader in the esports space. Over the last few months, we have been laying solid foundations that will enable us to grow our various subsidiaries in the B2B and B2C markets, while continuing to prioritize revenue generation and profitability. Our current financing and proposed new share structure, which have been well received by existing and new investors, will also support our growth initiatives, on which we hope to share news very soon. My ultimate goal as CEO and a major shareholder is to create an exit strategy that will be beneficial for all our shareholders.”   Further details of 4:1 share consolidationThe Corporation is also pleased to announce further details regarding the proposed consolidation of its issued and outstanding share capital (the “Share Consolidation”) in reference to its news release dated October 24, 2022.At the annual and special meeting of the holders of common shares of the Corporation (the “Shareholders”) to be held on November 17, 2022, the Shareholders will be asked to consider and, if deemed appropriate, to pass, with or without variation, a special resolution approving the Share Consolidation on the basis of four pre-consolidation common shares for each post-consolidation common share. In the event that the Share Consolidation results in a registered Shareholder holding a fraction of a common share on a post-Share-Consolidation basis, such fractional common share will be rounded down to the nearest whole number and any fractional common share post Share Consolidation will be cancelled without payment of any consideration. In all other respects, the common shares post Share Consolidation will have the same attributes as the existing common shares. The Share Consolidation will not materially change a Shareholder’s proportionate interest in the Corporation, even though a smaller number of common shares will represent such ownership. The Corporation currently has 167,439,734 common shares issued and outstanding. Following the Share Consolidation, the Corporation will have approximately 41,859,933 common shares issued and outstanding prior to rounding for fractional common shares.The Corporation is proposing to effect the Share Consolidation because it believes that the new capital structure would enhance its ability to realize future financings. The Corporation also believes that the new capital structure will be more appealing to prospective institutional shareholders and will aid management in its efforts to expand and diversify the Corporation's shareholder base, with the goal of establishing a trading price that more accurately reflects the underlying value and future potential of its operations.The Corporation will not change its name in connection with the Share Consolidation.Completion of the Share Consolidation is subject to approval of the Shareholders and acceptance of the TSX Venture Exchange.About React Gaming GroupReact Gaming Group (TSXV: RGG) (OTCQB: ITMZF) is a publicly traded holding company that stands at the forefront of the esports and iGaming industry. By investing in innovative technologies that enhance tournaments, teams, and wagering, we provide our users with gaming platforms that produce non-stop action, exciting outcomes, and unparalleled enjoyment. Through the use of intelligent data, we also connect our sponsors to robust communities within the rapidly evolving industry, ensuring maximum engagement and substantial reward. For more information, please visit us at reactgaming.ca and follow us on LinkedIn, Twitter, Instagram and YouTube.Forward-looking statementsThis news release may contain “forward-looking statements” within the meaning of applicable Canadian securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. These statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations, and include but are not limited to the statements regarding the completion of the Private Placement, payment of a finder’s fee in connection with the Private Placement, the securities to be issued under the Private Placement, closing the Private Placement in tranches, the offering jurisdictions of the Private Placement, effecting the Share Consolidation, mailing of the information circular, and receipt of approval from the TSXV with respect to the Private Placement and Share Consolidation. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. The Corporation’s statements expressed or implied by these forward-looking statements are subject to a number of risks, uncertainties, and conditions, many of which are outside of the Corporation’s control, and undue reliance should not be placed on such statements. Forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding the Corporation’s activities, including: that the Corporation’s assumptions in making forward-looking statements may prove to be incorrect; general adverse market conditions and competition; the inability to finance operations and/or obtain any future strategic investment necessary to implement new technologies; the inability to build a sustainable, conscientious company with a stronger presence online through new products in esports and gaming; the inability to obtain, or maintain, gaming license(s); and that market conditions related to the COVID-19 pandemic may negatively affect the outcome of the business or operations of the Corporation, including its results and financial condition. Except as required by securities law, the Corporation does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Key Points: 
  • MONTREAL, Nov. 14, 2022 (GLOBE NEWSWIRE) -- React Gaming Group Inc. (React Gaming or the Corporation) (TSXV: RGG, OTCQB: ITMZF) is pleased to announce that it has retained Leigh Hughes as its permanent CEO.
  • Leigh has proven to be a strong leader since his appointment as Interim CEO in June and we are thrilled that he has agreed to remain as React Gamings permanent CEO, said Philip Nolan, a director of React Gaming.
  • We believe that Leigh has the capacity to unlock React Gamings full potential and create sustainable long-term value for our shareholders.
  • I am proud and thrilled to pursue my relationship with React Gaming on a permanent basis and am deeply committed to making a success of this promising company, said Leigh Hughes, CEO of React Gaming.

React Gaming Announces Closing of First Tranche of $5,000,000 Private Placement of Units of the Corporation and 4:1 Share Consolidation

Retrieved on: 
Monday, October 24, 2022

Each Unit consists of one common share in the capital of the Corporation (each, a Share) and one common share purchase warrant (each, a Warrant).

Key Points: 
  • Each Unit consists of one common share in the capital of the Corporation (each, a Share) and one common share purchase warrant (each, a Warrant).
  • Pursuant to the terms of the Private Placement, the Corporation intends to issue up to 50,000,000 Shares and 50,000,000 Warrants.
  • The Corporation issued 6,350,000 Shares and 6,350,000 Warrants under the first tranche of the Private Placement.
  • The Corporation will complete multiple closings of the Private Placement as the Corporation receives subscriptions.

Unifor reaches tentative agreement with Bombardier Aviation

Retrieved on: 
Friday, July 30, 2021

TORONTO, July 30, 2021 /CNW/ - Unifor Local 112 and 673 have reached a tentative agreement with Bombardier Aviation.

Key Points: 
  • TORONTO, July 30, 2021 /CNW/ - Unifor Local 112 and 673 have reached a tentative agreement with Bombardier Aviation.
  • "Reaching a settlement with Bombardier brings us one step closer to resolving the labour dispute at Downsview.
  • The three-year agreements cover approximately 1,500 union members employed by Bombardier Aviation at the Downsview plant.
  • "Our Membership gave us a strong mandate, after a difficult set of negotiations we have managed to reach a tentative agreement with Bombardier.

Top Aces Awarded Contract for Advanced Airborne Training by the German Armed Forces

Retrieved on: 
Monday, April 26, 2021

b'MONTREAL, April 26, 2021 (GLOBE NEWSWIRE) -- Top Aces is pleased to announce that it has been awarded the fast speed adversary air training services contract by the German Armed Forces (\xe2\x80\x9cBundeswehr\xe2\x80\x9d) effective January 1st, 2022.

Key Points: 
  • b'MONTREAL, April 26, 2021 (GLOBE NEWSWIRE) -- Top Aces is pleased to announce that it has been awarded the fast speed adversary air training services contract by the German Armed Forces (\xe2\x80\x9cBundeswehr\xe2\x80\x9d) effective January 1st, 2022.
  • Operating out of the Wittmundhafen Air Base, Top Aces has been providing advanced airborne training to the Bundeswehr for the past 6 years and plans to invest over $100M CAD in furtherance of the new contract.\n\xe2\x80\x9cAs Germany\xe2\x80\x99s trusted partner, we\xe2\x80\x99re delighted to continue training its combat forces well into the future,\xe2\x80\x9d said Rolf Brandt, Senior Program Manager \xe2\x80\x93 German Operations at Top Aces.
  • The AAMS is a revolutionary new technology that allows its aircraft to simulate the most advanced capabilities of modern-day opponents in air-to-air combat.
  • \xe2\x80\x9cWe look forward to continue offering best-in-class service to the next generation of combat leaders across the globe.\xe2\x80\x9d\nTop Aces provides advanced and innovative airborne training to the world\xe2\x80\x99s leading air forces.

Executive Network Partnering Corporation Files Preliminary Proxy for Special Meetings to Consider Stock Split

Retrieved on: 
Saturday, February 27, 2021

Executive Network Partnering Corporation (the Company or ENPC) (NYSE: ENPC, ENPC.U, and ENPC WS) today filed a preliminary proxy statement on Schedule 14A (the preliminary proxy statement) with the U.S. Securities and Exchange Commission (SEC) to hold special meetings of stockholders and warrant holders to authorize a potential stock split (2.5 shares for every one share) of ENPCs Class A common stock and to approve related changes to the warrant agreement (the special meetings).

Key Points: 
  • Executive Network Partnering Corporation (the Company or ENPC) (NYSE: ENPC, ENPC.U, and ENPC WS) today filed a preliminary proxy statement on Schedule 14A (the preliminary proxy statement) with the U.S. Securities and Exchange Commission (SEC) to hold special meetings of stockholders and warrant holders to authorize a potential stock split (2.5 shares for every one share) of ENPCs Class A common stock and to approve related changes to the warrant agreement (the special meetings).
  • If effectuated, the stock split would result in an increase in the number of shares of Class A common stock outstanding and thereby decrease the trading price of ENPCs Class A common stock.
  • ENPC anticipates that the stock split and related matters, if effectuated, will allow easier comparison to the trading prices of the securities of other special purpose acquisition companies.
  • The proposed stock split amendment would adjust the terms of the Class B common stock solely to adjust for the split of the Class A common stock.