Further partnership with eSports.com

RNS Number : 7703H

Veltyco Group PLC

15 March 2018

 

15 March 2018

Veltyco Group PLC

("Veltyco" or "the Company")

Further partnership with eSports.com

The Board of Veltyco Group plc (AIM:VLTY), the online marketing and operator company for the gaming industry, is pleased to announce that, further to its announcement of 11 October 2017 regarding the partnership with eSports.com focusing on the roll out of a new eSports business, it has extended its partnership with eSports.com and has entered into a joint venture with eSports.com to join forces in a blockchain project.

The purpose of the project is to create an infrastructure to bring members and/or customers of communities (sports, gaming, playing) to a fully transparent technological platform.  The platform will seek to transfer data such as know your client regulated information, but also historical data, in a decentralised manner and could, in the future, be combined with automated payments.

eSports.com AG, the parent company of eSports.com, and Veltyco will each have a 50% interest in the joint venture and will provide equal funding to the project.

eSports.com is a fast growing eSports community portal targeting a significant global audience.  It operates the portal under the domain www.esports.com and Veltyco has a minority interest in eSports.com.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

For further information please contact:

Veltyco Group plc                                                           [phone]

Gilles Ohana, Non-Executive Director

Marcel Noordeloos, CFO

Strand Hanson Limited (Nominated Adviser)     [phone]

James Harris / Richard Tulloch / James Dance

Whitman Howard Ltd (Broker)                                  [phone]

Francis North / Nick Lovering

IFC Advisory (Financial PR)                                          [phone]

Graham Herring / Miles Nolan / Zach Cohen

About Veltyco

Veltyco is a group of companies focused on generating marketing leads and entering into marketing contracts for the activities of various partners in the gaming industry as well as operating its own brands. Veltyco focuses on complementary activities under one umbrella, leveraging its historical cash generative activities of marketing online casinos and sports betting.

Website: www.veltyco.com

About eSports.com

eSports.com aims to be the biggest eSports portal in the world. The platform will offer coaching by professionals, charity tournaments supported by celebrities, comprehensive statistic data, live coverage and it wants to take sports journalism, in terms of eSports, on a new level.

Website: www.esports.com

 

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