Ault Alliance, Inc. (NYSE American: AULT) (“Ault
Alliance”), a diversified holding company, and BitNile
Metaverse, Inc. (Nasdaq: BNMV) (“BitNile Metaverse” or the
“Company”), the latter of which operates the growing virtual
world, BitNile.com (the “Platform”), announced the launch of
social gaming on the Platform with the first public release of its
online roulette feature.
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the full release here:
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Previously available only as a Beta release, the new version of
roulette offers users an opportunity to play merely for fun or for
real money prizes through a sweepstakes model. Sweepstakes are only
open to residents of the United States (other than residents of
Idaho and Washington) who are at least eighteen years old or the
age of majority in their jurisdiction (whichever occurs later) at
the time of entry. Participation is void where prohibited by
law.
“We are excited for the launch of roulette, the first of several
games and in-world features expected to be made available on the
Platform in the coming months,” said Founder and Executive Chairman
of Ault Alliance, Milton “Todd” Ault, III. “Unlike traditional
online games, players are not confined to a screen but can explore
the site as well as interact with other players. It's the closest
you can get to real-life gaming without ever having to leave your
chair.”
BitNile Metaverse, through its wholly owned subsidiary
BitNile.com, Inc. (“BNI”), owns and operates the
Platform.
“BitNile.com has surpassed 1,400,000 engaged users since its
launch,” said Douglas Gintz, President of BNI. “Our team is working
diligently to introduce additional games and other forms of
entertainment on the Platform that we expect will appeal to our
expanding audience.”
Launched on March 1, 2023, the Early-Access version of the
Platform provides a preview of the virtual world and related
activities. New features and functionality will be added as they
become available, including social gaming, eCommerce, live
streaming entertainment, and social networking.
Users can access and explore the early-access version of the
Platform and receive updates by visiting https://BitNile.com. The
Platform uses Google Analytics to track usage and identify users. A
user is considered to be “engaged” if one of the following
conditions is met: the session lasted longer than ten seconds; it
resulted in one or more conversion events; or it resulted in two or
more page/screen views.
About BitNile Metaverse, Inc.
Founded in 2011, BitNile Metaverse (Nasdaq: BNMV) owns 100% of
BitNile.com, Inc., including the BitNile.com metaverse platform.
The Platform, which went live to the public on March 1, 2023,
allows users to engage with a new social networking community and
purchase both digital and physical products while playing 3D
immersive games. In addition to BitNile.com, Inc., BitNile
Metaverse also owns three non-core subsidiaries either directly or
indirectly: approximately 66% of Wolf Energy Services Inc. (OTCQB:
WOEN) indirectly; 100% of Zest Labs, Inc. directly; and
approximately 89% of Agora Digital Holdings Inc. directly. BitNile
Metaverse also owns approximately 70% of White River Energy Corp
(OTCQB: WTRV).
About Ault Alliance, Inc.
Ault Alliance, Inc. is a diversified holding company pursuing
growth by acquiring undervalued businesses and disruptive
technologies with a global impact. Through its wholly and
majority-owned subsidiaries and strategic investments, Ault
Alliance owns and operates a data center at which it mines Bitcoin
and provides mission-critical products that support a diverse range
of industries, including metaverse platform, oil exploration, crane
services, defense/aerospace, industrial, automotive,
medical/biopharma, consumer electronics, hotel operations and
textiles. In addition, Ault Alliance extends credit to select
entrepreneurial businesses through a licensed lending subsidiary.
Ault Alliance’s headquarters are located at 11411 Southern
Highlands Parkway, Suite 240, Las Vegas, NV 89141;
www.Ault.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended These forward-looking statements generally include
statements that are predictive in nature and depend upon or refer
to future events or conditions, and include words such as
“believes,” “plans,” “anticipates,” “projects,” “estimates,”
“expects,” “intends,” “strategy,” “future,” “opportunity,” “may,”
“will,” “should,” “could,” “potential,” or similar expressions.
Statements that are not historical facts are forward-looking
statements. Forward-looking statements are based on current beliefs
and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made,
and neither Ault Alliance nor BitNile Metaverse undertake any
obligation to update any of these statements publicly in light of
new information or future events. Actual results could differ
materially from those contained in any forward-looking statement as
a result of various factors. In addition to risks relating to the
acceptance of the Platform by individuals, competition with much
larger companies operating metaverses and BitNile Metaverse’s
ability to raise capital, investors should review risk factors,
that could affect either or both of the Ault Alliance’s and BitNile
Metaverse’s respective businesses and financial results which are
included in Ault Alliance’s and BitNile Metaverse’s respective
filings with the U.S. Securities and Exchange Commission,
including, but not limited to, their respective Forms 10-K, 10-Q
and 8-K. All such filings are available at www.sec.gov and on the
companies’ websites at www.Ault.com and www.bitnile.net,
respectively.
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version on businesswire.com: https://www.businesswire.com/news/home/20230522005313/en/
BitNile Metaverse Investor Contact:
investorrelations@bitnile.net or 1-800-762-7293
Ault Alliance Investor Contact: IR@Ault.com or
1-888-753-2235
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