Intema announces receipt of Isle of Man online gaming license
February 14 2022 - 7:00AM
Intema Solutions
Inc. (“
Intema” or the
“
Corporation”) (TSXV: ITM, OTCMKTS: ITMZF) is very
pleased to announce that it has received the Isle of Man online
gaming license. This fulfills the last condition set by regulatory
authorities for final approval of the acquisition of Livestream
Gaming Inc. (“
Livestream”), the parent company of
LOOT.BET.
“We are finally at the last stage of the Livestream acquisition
and will be closing the transaction any day now,” said Laurent
Benezra, President and CEO of Intema. "While the process has taken
longer than expected, LOOT.BET is a major online gaming platform
and a key part of Intema’s growth plans. Throughout the acquisition
period, we have been working hard in parallel to build our esports
and iGaming ecosystem, and the addition of LOOT.BET will accelerate
our progress on that front significantly.”
About IntemaIntema Solutions Inc. is the
emerging world 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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