Intema announces granting of Isle of Man online gambling license
December 13 2021 - 7:53AM
Intema Solutions
Inc. (“
Intema” or the
“
Corporation”) (TSXV: ITM, OTCMKTS: ITMZF) is very
pleased to announce that the Isle of Man Gambling Supervision
Commission has approved the granting of an Online Gambling
Regulation Act (OGRA) 2001 license to Livestream Esports Limited, a
wholly owned subsidiary of Intema.“The grant of the Isle of Man
gambling license is major news for Intema and will have a
significant positive impact on our future activities,” said Laurent
Benezra, Intema's President and Chief Executive Officer. “In
particular, it allows us to comply with one of the TSX Venture
Exchange’s main conditions for closing the acquisition of
Livestream Gaming Inc. (“
Livestream”), with its
LOOT.BET online gaming platform. It will also enable us to conduct
our iGaming activities through one of the world's most prestigious
gaming jurisdictions and, once we acquire our LOOT.BET platform, to
white-label it to regulated gaming markets on a global scale.
Finally, it gives LOOT.BET the same level of credibility as other
online gambling platforms, throughout the gaming community and
among our peers.”“Once the license is issued, we will proceed with
getting final approval from the TSXV and closing the Livestream
acquisition, allowing us to start a new chapter of growth for
Intema,” concluded Mr. Benezra.The Isle of Man promotes the highest
standards of jurisdictional control in the gaming industry, with
extremely high ethical standards for owners and investors, making
its license one of the toughest to acquire. The Isle of Man
Gambling Supervision Commission gives out the fewest licenses per
year. In addition, the license granted by that regulatory body has
many financial and logistical benefits, and will allow Intema to
offer continuously fun, safe and responsible gaming experiences for
gamers around the world.Annual General and Special Meeting of
Shareholders Intema will hold its annual general and special
meeting of shareholders on Tuesday, January 4, 2022 at 10:00 a.m.
ET. The meeting will be held virtually due to restrictions imposed
in the context of the ongoing COVID-19 pandemic. Shareholders are
invited to consult the 2022 management proxy circular and other
proxy-related materials, available on SEDAR at www.sedar.com under
the Corporation's profile.
About IntemaIntema
Solutions Inc. is the world’s emerging leader in the esports and
iGaming industry. Our mission is to bring the excitement of esports
betting to the entire world through fully licensed, secure online
platforms. Our ecosystem consists of subsidiaries in esports,
iGaming, product branding, digital advertising and marketing
campaign design that are all complementary drivers of our future
revenue growth. For more information, please visit our corporate
website at intema.ca.
ContactLaurent
BenezraPresident and
CEO514-861-1881info@intema.ca
Forward-Looking
StatementsThis press release contains certain
“forward-looking information” and “forward-looking statements”
(collectively, “forward-looking statements” within the meaning of
applicable Canadian securities laws. All statements, other than
statements of historical facts, included in this press release,
including, without limitation, those regarding the Private
Placement; the expected development of the Corporation’s business
and projects; execution of the Corporation’s vision and growth
strategy; sources and availability of financing for the
Corporation’s projects; and future liquidity, working capital, and
capital requirements, are forward-looking statements. Although the
forward-looking statements in this press release are based upon
what management of the Corporation believes are reasonable
assumptions, they are inherently subject to significant business,
economic and competitive uncertainties, and contingencies, and
there can be no assurance that they will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Forward-Looking statements can
generally 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. Forward-looking statements in this
press release relate to, among other things, statements relating to
the terms of the Private Placement and the terms of the Proposed
Transaction; Intema’s future outlook and anticipated events or
results; and the completion of the Private Placement and the
Proposed Transaction. Actual future results may differ materially.
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
Private Placement and the Proposed Transaction, 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. The Corporation undertakes no obligation to
update forward-looking statements except as required by applicable
securities laws. The reader is cautioned not to place undue
reliance on forward-looking statements.Neither 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.
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