BitNile Metaverse, Inc. (Nasdaq: BNMV) (“
BitNile
Metaverse” or the “
Company”), the company
operating the rapidly growing virtual
world, BitNile.com (the “
Platform”), and
Ed Carpenter Racing, LLC (“
Ed Carpenter Racing”)
are celebrating their cars’ promising starting positions in the
2023 Indianapolis 500 by offering race fans a unique virtual
driving experience, as well as a chance to win virtual prizes and
real-life racing experiences.
Ed Carpenter Racing will field three BitNile.com
Chevrolets in the 107th running of the Indianapolis 500. The No. 21
BitNile.com Chevrolet, driven by Rinus VeeKay, claimed a front-row
start in the second position. Starting in the fifth row is Ed
Carpenter in the No. 33 BitNile.com Chevrolet, while the No. 20
BitNile.com Chevrolet, driven by Conor Daly, begins the race from
row six.
Visitors to BitNile.com can take a virtual No.
20 BitNile.com Chevrolet for a drive on a full-size replica of the
Indianapolis Motor Speedway, where they will have a first-person
virtual experience of racing at full speed around the track.
Additionally, fans who visit
https://indy500.bitnile.com are invited to join the “Pick the
Winner – Be a Winner” promotion. Those accurately selecting the
2023 Indy 500 victor will receive 100,000 Nile Tokens for use on
the Platform. Participants who successfully predict all three
podium finishers in the correct order will earn 500,000 Nile
Tokens. All winners will be automatically entered into a drawing
for BitNile.com race team prizes, such as an IndyCar experience
two-seater ride, NTT INDYCAR SERIES event tickets, race team
merchandise, and driver memorabilia.
“We are so proud of the strong starting
positions of all of the Bitnile.com cars, especially Rinus VeeKay’s
first-row placement,” said Milton “Todd” Ault, III, Executive
Chairman of BitNile.com, Inc., the wholly owned subsidiary of the
Company that owns and operates the Platform. “We’re offering these
unique experiences and prizes to celebrate the fact that we are the
only primary sponsor with three cars in the race.”
In honor of Conor Daly’s 10th start at the Indy
500, his No. 20 BitNile.com Chevrolet – the first IndyCar to reveal
its livery in the metaverse – features dice on each sidepod that
add up to 10. The design includes a roulette wheel and playing
cards that incorporate Conor’s No. 20. The No. 21 and No. 33 cars
display the traditional BitNile.com branding.
The Platform, with over 1,400,000 engaged users,
recently debuted social gaming with the launch of roulette,
offering users an opportunity to play for fun or 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 18 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.
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.
NO PURCHASE NECESSARY. VOID WHERE PROHIBITED.
Open to residents of the 50 United States and DC
(excluding Idaho and Washington) who are 18+ and have an active
account with BitNile.com. Begins 12:01 a.m. EST 5/19/23 and
ends 09:00 a.m. EST 5/28/18. To enter,
visit https://indy500.bitnile.com and guess the winner of the
2023 Indianapolis 500. All eligible entrants with accurate guesses
will be eligible to win. 10 winners will receive a ticket to a NTT
IndyCar Series race and 2 of such winners will also receive a
two-seater ride around the track at the applicable event. 20
additional winners will receive a jersey, and 50 additional winners
will receive a cooling towel. ARV of all prizes $3950. For full
Official Rules, visit https://bitnile.zendesk.com.
Sponsor: BITNILE.COM Inc.
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 Ed Carpenter Racing
Ed Carpenter Racing first entered the NTT
INDYCAR SERIES in 2012. The Indianapolis-based race team has proven
its versatility by collecting eight wins across each type of track
the series competes on – street and road courses, short ovals and
speedways. Ed Carpenter Racing is led by IndyCar’s only team
owner/driver, Ed Carpenter, three-time pole winner for the
Indianapolis 500 (2013, 2014 and 2018). The 2023 season has the
team continue to compete with two full-time entries: the No. 20
BitNile.com Chevrolet with Conor Daly behind the wheel and the No.
21 BitNile.com Chevrolet, driven by Rinus VeeKay. Ed Carpenter will
round out the team’s three-car effort on the ovals, campaigning the
No. 33 BitNile.com Chevrolet. More information may be found
at https://www.edcarpenterracing.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 BitNile Metaverse will not 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
BitNile Metaverse’s business and financial results which are
included in BitNile Metaverse’s filings with the U.S. Securities
and Exchange Commission, including, but not limited to, Forms 10-K,
10-Q and 8-K. All such filings are available
at https://www.sec.gov/ and on the Company’s website
at https://BitNile.net.
Contactsinvestorrelations@bitnile.net or
1-800-762-7293
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