"Fiscal 2020 was an important year for our young company as we achieved several important milestones, including our oversubscribed equity financing and public listing on the
"We are well capitalized owing to the successful Private Placement of Special Warrants in
Subsequent events to 2020
Milestones achieved by the Company in 2021 so far:
- Completion of Private Placement of Special Warrants, with gross proceeds of
$17.8 million . - Addition of sports betting, allowing fans to wager on more than 100 sports in addition to esports, including soccer, football, basketball and tennis.
- Implementation of premium payment processors with partnerships including Skrill, NETELLER and
Trustly , which reduce player friction. - Appointment of Chief Customer Officer
Thomas Rosander , former CEO ofDunder Casino , which achieved €1 million in gross gaming revenue in less than one month and saw a monthly growth rate above 17% over two years. - Partnership with Income Access, an industry-leading affiliate marketing platform, which we expect will enable us to more effectively deploy capital towards customer acquisition.
- Uplist to OTCQB Exchange, allowing a larger investor base to participate in our growth.
About Luckbox
The Company is an award-winning betting company that offers legal, real-money betting, live streams, and statistics on all major esports and sports on desktop and mobile devices. The Company has a Business-to-Consumer (B2C) platform, and by leveraging shared technology, data, and resources, the Company can offer an extensive range of betting options for esports tournaments. The Company's in-house customized user interface and user experience, built on a technology stack that supports multiple odds and streaming sources, allows the Company to deliver deep esports betting coverage. The Company has been built by a team combining experience in the igaming industry and a passion for esports to offer players a unique, broad, engaging, and legal CS:GO betting, Dota 2 and
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CAUTION WITH RESPECT TO FORWARD-LOOKING STATEMENTS
The
Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including the belief that the Company's strong balance sheet positions it for healthy growth in 2021 and 2022; the capital raised from the Special Warrant Private Placement will enable the Company to continue improving the Luckbox platform, strengthen its team and engage with relevant third parties to create the world's leading esports betting platform; and that the Company's partnership with Income Access will enable the Company to more effectively deploy capital towards customer acquisition are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including that management will be able to leverage its balance sheet position and working capital to achieve its stated growth objectives and that the Company's partnership with Income Access will yield positive results on customer acquisition. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. However, the forward-looking statements in this news release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including without limitation: that esports betting will not continue to rise in popularity; and that the strategies developed by the Company to effectively position itself in the market will not be as successful as expected by management or at all. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.
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