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Thanks, Sal, Will be watching pre mkt tomorrow
Rocket booster can't pass .5 and. Hold lol
Yes it is!! Have a great day!
I would like to just see a nhod over. 55 myself…
This should be worth somewhere in the ballpark of $2 - 2.50 with their evaluation projection no?
Investors are forward looking; what a great $$$$$ opportunity.
NXTP
Bought a few .43's > b2b & b2c growth; look for return 1.00+ this month.
Up 166% > nice fundamental news package!
This potential financing, combined with our recent news of an up to $200,000,000 revolving credit facility at our NextBank, are remarkable achievements in these poor capital market conditions, and I laud the NextFintech division management team. We look forward to very near-term expansion in NextBank from a B2B model, serving corporations and family offices to a B2C model, by mid next year, which will allow us to take another significant leap in terms of growth at scale.”
NXTP is now on rocket boosters!
NICE NEWS!
NextPlay’s NextFintech Division Receives Commitment for $15 Million Strategic Investment; Pre-Money Valuation for NextFintech Set at $150 Million
October 20, 2022 09:00 ET | Source: NextPlay Technologies, Inc.
...
SUNRISE, FL, Oct. 20, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – NextPlay Technologies, Inc. (Nasdaq: NXTP), a digital native ecosystem for finance, digital advertisers, and video gamers, announced today that it has entered into a binding commitment for a $15 million strategic investment into its NextFintech Division from an institutional investor. This investment commitment consists of the purchase of shares of common stock in NextFintech at a pre-money valuation of $150 million for NextFintech, warrants to purchase shares in NextPlay beneficially owned by NextBank and an option to convert said NextFintech shares into up to an 18.8% equity interest in NextBank.
NextPlay’s NextFintech Division is comprised of NextBank International, an online bank operating in Puerto Rico and serving primarily international clients; NextShield, digital insurance and re-insurance operations expected to launch in 2023; and Longroot, a digital asset portal operating in Thailand.
"In spite of the challenging market conditions, we see immediate growth and profitability potential in our NextFintech division, which has been configured to serve overseas markets," stated Nithinan Boonyawattanapisut, NextPlay’s principal executive officer. "Over the next 6 months, we will focus our resources on achieving group profitability via the NextFintech division. Concurrently, our HotPlay division is working on partnership deals and preparing for commercial launch of our in-game advertising platform from which is expected to start generating revenue next year. This potential financing, combined with our recent news of an up to $200,000,000 revolving credit facility at our NextBank, are remarkable achievements in these poor capital market conditions, and I laud the NextFintech division management team. We look forward to very near-term expansion in NextBank from a B2B model, serving corporations and family offices to a B2C model, by mid next year, which will allow us to take another significant leap in terms of growth at scale.”
Further commenting on the strategic and timely funding commitment, Todd Bonner, chairman of the board of directors of NextPlay and head of the company’s NextFintech division stated: “The world of Fintech is undergoing massive change and enterprises need to adapt to remain competitive. We are seeing tremendous interest from companies, family offices and high-networth individuals seeking a fundamental shift from legacy banking and financial management to a more integrated, online, and digital approach including new-generation asset design and management, relevant on-demand insurance protection, and rapidly deployed, tailored loan availability. Partners on the lending and distribution side are reaching out to NextFintech. This is an exciting time in our NextPlay and NextFintech evolution and in this turmoil, we see great opportunity.”
Further details regarding the commitment for a strategic investment into NextPlay’s NextFintech can be found in the accompanying Current Report on Form 8-K filed with the Securities and Exchange Commission on October 20, 2022, available at www.sec.gov and in the Investors section of the company’s website.
The information contained in this press release shall not constitute an offer to sell or the solicitation of an offer to buy the shares of the Company or its subsidiaries’ securities discussed herein, nor shall there be any offer, solicitation or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About NextPlay Technologies
NextPlay Technologies, Inc. (Nasdaq: NXTP) is a technology solutions company offering games, in-game advertising, digital banking, and crypto-banking services to consumers and corporations within a growing worldwide digital ecosystem. NextPlay’s engaging products and services utilize innovative AdTech, Artificial Intelligence and Fintech solutions to leverage the strengths and channels of its existing and acquired technologies. For more information about NextPlay Technologies, visit www.nextplaytechnologies.com and follow us on Twitter @NextPlayTech and LinkedIn.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of, and within the safe harbor provided by the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinions, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including “will,” “may,” “expects,” “projects,” “anticipates,” “plans,” “believes,” “estimate,” “should,” and certain of the other foregoing statements may be deemed forward-looking statements. Although the Company believes that the e
Price to low, no selling, volume picks up SP goes up. Shares are tight. imo.
I been loading up
Buckle up it’s coming $$$$$
Low volume,not many selling at this cheap price, looking for dollars.
NextPlay Forming Strategic Partnership with iTAP to Position HotPlay Hyper-Casual Games and In-Game Advertising Technology into the Fast-Growing Indian Market
Source: GlobeNewswire Inc.
via NewMediaWire -- NextPlay Technologies, Inc. (NASDAQ: NXTP) (the “Company”) announced that HotPlay, the Company’s in-game advertising (“IGA”) unit, has entered into a memorandum of understanding (MOU) with Triplecom Media PVT Ltd. (iTAP), whose iTAP platform is a fast-growing comprehensive over-the-top (OTT) entertainment platform in India, which sets forth general terms of a proposed partnership between the Company and iTAP. The MOU contemplates a collaboration between the parties, whereby each party will provide certain services and access to certain of their platforms to the other in order to enable each party to provide more comprehensive solutions to their respective customers and users. The parties intend to target India’s fast growing online gaming market, where it is estimated approximately 390 million online gamers reside, first, and to expand to additional international markets thereafter. The MOU provides that the collaboration will include the integration of HotPlay’s IGA into iTAP’s existing entertainment and e-sports content, amongst other things. The collaboration is designed to create an entertainment ecosystem in-line with both organizations’ business objectives, tapping into India’s fast-growing market. The MOU sets forth the preliminary agreement of the parties related to the proposed partnership; however, it does not obligate either party to proceed with the relationship, and the establishment of the partnership and final terms governing the partnership remain subject to execution of definitive agreements related thereto.
iTAP, an OTT comprehensive entertainment platform in India, offers a wide-range of entertainment such as comedy shorts, mobisodes, films, serials, lifestyle features, gaming and e-sports, with NFTs and Metaverse opportunities. iTAP was founded by Kunal Dasgupta, a veteran in the Indian entertainment industry and the former CEO of Sony Picture Networks India.
Despite the pandemic and recent economic turmoil, the parties believe that India remains a bright spot for growth. This proposed partnership aims to leverage opportunities rising in the Indian market, particularly in the high growth markets of hyper-casual genre games, e-sports and gaming tournaments. Both parties see hyper-casual gaming as an opportunity in the market due to its easy-to-play nature, which can engage a broader group of audiences. HotPlay’s current hyper-casual game portfolio includes more than 50 games and is growing.
Nithinan Boonyawattanapisut, co-CEO of the Company, stated, “The Company sees great opportunity in the Indian market, not only from the size of the market itself but also from the remarkable growth rate of its entertainment segment, particularly in the hyper-casual game space and overall gaming industry.
“We are optimistic about this strategic collaboration with iTAP’s fast-growing OTT platform and the opportunity to enter the Indian market. We believe the recent completion of our goGame asset purchase, our hyper-casual game portfolio, and our HotPlay IGA solution offer a great synergistic value to a comprehensive entertainment platform like iTAP. The integration of HotPlay games and IGA is expected to better position iTAP’s entertainment ecosystem in India and augment revenue opportunities through iTAP’s rapidly growing user base.”
Kunal Dasgupta, Triplecom Media iTAP Founder and CEO, commented, “We believe the proposed partnership positions HotPlay to help strengthen iTAP gaming services, as well as adding its IGA technology into iTAP to offer in-game coupons and rewards, bridging the online-to-offline transactional activities in the rapidly growing Indian market. The synergies and further opportunity for the partnership is exciting.”
Additional opportunities for HotPlay and iTAP to explore further collaboration include NFTs, digital fashion, and other virtual artifacts for the Metaverse.
About iTAP
iTAP is an OTT comprehensive entertainment platform in India. This popular platform offers a wide-range of entertainment such as comedy shorts, mobisodes, films, serials, lifestyle features, gaming and e-sports. NFTs and Metaverse have been identified as potential opportunities for future expansion of the iTAP platform. For more information visit www.itap.online
About NextPlay Technologies
NextPlay Technologies, Inc. (Nasdaq: NXTP) is a technology solutions company offering games, in-game advertising, crypto-banking, connected TV and travel booking services to consumers and corporations within a growing worldwide digital ecosystem. NextPlay’s engaging products and services utilize innovative AdTech, Artificial Intelligence and Fintech solutions to leverage the strengths and channels of its existing and acquired technologies. For more information about NextPlay Technologies, visit www.nextplaytechnologies.com and follow us on Twitter @NextPlayTech and LinkedIn.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of, and within the safe harbor provided by the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinions, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including “will,” “may,” “expects,” “projects,” “anticipates,” “plans,” “believes,” “estimate,” “should,” and certain of the other foregoing statements may be deemed forward-looking statements. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. Factors that may cause such a difference include risks and uncertainties including, and not limited to, the ability of the Company and iTAP to agree to final terms governing the proposed partnership; our need for additional capital, which may not be available on commercially acceptable terms, if at all
She's getting primed, looking good.
NextPlay Technologies Agrees to Strategic Sale of Reinhart Digital TV (Zappware) and NextTrip to TGS Esports; Transaction is Expected to Unlock Shareholder Value, Improve Cash Flow and Focus on Core Businesses
NXTP, V.TGS | 17 minutes ago
SUNRISE, FL, June 29, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire --NextPlay Technologies, Inc. (NASDAQ: NXTP), a digital business ecosystem for digital advertisers, consumers, video gamers and travelers, today announced it has agreed to the sale of the company’s travel business, NextTrip Group, LLC, and its 51% ownership of Reinhart Digital TV (the 100% owner of Zappware) to Vancouver-based TGS Esports Inc. (TSX-V: TGS, OTC: TGSEF), a leading esports tournament solutions provider. As consideration, NextPlay will receive nonvoting convertible preferred shares of TGS in the amount of US $12.2m. The TGS convertible preferred shares are redeemable, can be sold subject to certain transfer restrictions, or may be converted to TGS common shares and distributed to NextPlay shareholders of record once certain conditions are met. Closing of the transaction remains subject to various conditions, including (without limitation) regulatory approvals and approval of TGS’ shareholders, and is expected to occur in the second half of 2022.
The transaction is expected to streamline NextPlay’s business operations and management, improve capital allocation, and is expected to unlock shareholder value by offering investors a pure-play investment in the Digital Media and Financial Technology sectors.
Upon closing of the proposed transaction, NextTrip and the company’s ownership interests in Reinhart/Zappware will be sold to TGS in exchange for TGS issuing (i) the newly created nonvoting preferred shares to NextPlay, and (ii) TGS common shares to William Kerby, co-CEO and a director of NextPlay, and Donald Monaco, a director of the Company, (subject to an escrow on a portion of such shares to further incentivize TGS stock performance) both of whom hold certain equity interests in NextTrip. The preferred shares include certain triggering mechanisms for conversion into common shares of TGS and distribution of such common shares to NextPlay shareholders. Concurrently with a determination to convert the preferred shares into common shares, NextPlay will set a shareholder record date for a special dividend to distribute all of the common shares of TGS held by NextPlay to NextPlay’s shareholders, on a pro-rata basis.
As a condition of closing the transaction, TGS is required to hold a shareholder meeting to approve the transaction, designation of the preferred shares and the terms thereof, a 40:1 share consolidation (reverse stock split) and related matters. Closing of the transaction remains subject to other customary conditions and approvals as well. No assurances can be provided that the closing conditions will be satisfied, or that the transaction will be consummated on the anticipated timeline, or at all.
Additionally, upon consummation of the transaction, Messrs. Monaco and Kerby will be departing from NextPlay, and will move to TGS, where they will serve as Chairman and CEO, respectively.
“We believe this transaction provides NextPlay shareholders a win-win opportunity through the restructuring and refocus of NextPlay Technologies and through the ownership and eventual distribution of TGS Esports shares,” commented Todd Bonner, NextPlay Technologies Chairman. “NextPlay Technologies will continue its focus on disrupting the online video game advertising space while completing its build out of a comprehensive suite of financial and financial technology solutions offered through its NextFinTech and NextBank divisions.”
“By streamlining our operations and intensifying our focus on our core businesses we expect to accelerate NextPlay’s business adoption and cash flow generation,” remarked NextPlay CEO Nithinan “Jess” Boonyawattanapisut. Ms. Boonyawattanapisut will continue in her role as CEO of NextPlay while Mr. William Kerby will step down from his positions at NextPlay and will assume the Chief Executive Officer role at the new TGS Esports at closing.
Meanwhile, the combination of NextTrip and Reinhart with TGS Esports creates a company offering comprehensive online content distribution, in-person events organization with global reach and scale, and complimentary travel booking solutions. (Read more about TGS Esports here: https://www.tgsesports.gg). Upon closing, the newly combined TGS, Inc. company is expected to begin trading under the TGS brand name and ticker symbol (TGS: TSXV) (TGSEF: OTC) and plans to apply to uplist to a national exchange in the US (e.g., NASDAQ or NYSE) once certain conditions, including closing, are met. In the event of conversion, it is expected that free-trading TGS common shares will be distributed to NXTP shareholders of record.
The terms, structure and timing of the transaction are outlined in the definitive agreements and remain subject to a number of items including TGS shareholder approval, as well as regulatory and other customary closing conditions. Further details regarding the sale can be found in NextPlay’s current report on Form 8-K filed with the Securities and Exchange Commission on June 29, 2022, available at sec.gov and in the Investors section of the company’s website.
About TGS Esports
TGS partners with Fortune 500 brands, schools, and tournament organizers to build out their esports community via tournaments, broadcast production and events. TGS has commercialized an esports solution that allows brands and gamers to interact on its end-to-end platform. The combination of TGS esports event expertise and next generation software creates an unparalleled esports experience that allows sponsors and brands to reach their desired gaming demographic. For more information, visit investtgs.com.
About NextPlay Technologies
NextPlay Technologies, Inc. (Nasdaq: NXTP) is a technology solutions company offering games, in-game advertising, crypto-banking, connected TV and travel booking services to consumers and corporations within a growing worldwide digital ecosystem. NextPlay’s engaging products and services utilize innovative AdTech, Artificial Intelligence and Fintech solutions to leverage the strengths and channels of its existing and acquired technologies. For more information about NextPlay Technologies, visit www.nextplaytechnologies.com and follow us onTwitter @NextPlayTech and LinkedIn.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of, and within the safe harbor provided by the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
NextPlay Technologies Reports FY2022 Revenue of $8.2 Million
Source: GlobeNewswire Inc.
via NewMediaWire --NextPlay Technologies, Inc. (NASDAQ: NXTP), a digital business ecosystem for digital advertisers, consumers, video gamers and travelers, reported results for the fourth quarter and fiscal year 2022 ended February 28, 2022.
Fiscal 2022 Financial Highlights
? Achieved record annual revenue of $8.2 million, which compares very favorably to no revenue in the last year.
? Consolidated gross profit totaled $5.9 million, or 71%, of total revenue compared to none in the last year.
? As of February 28, 2022, and 2021, we had total assets of $99.8 million and $11.5 million, respectively, primarily as a result of the reverse merger and additional acquisitions of Reinhart Interactive TV AG and Zappware N.V. and NextBank International.
? Cash and cash equivalents as of February 28, 2022, were $6.6 million versus $0.4 million as of February 28, 2021.
Fiscal 2022 Operational Highlights
? Completed merger with HotPlay Enterprises and rebranded the company as NextPlay Technologies.
? In connection with the HotPlay Enterprises Merger, Nithinan “Jess” Boonyawattanapisut, NextPlay’s Co-Chief Executive Officer, was appointed as Principal Executive Officer of NextPlay.
? Reinhart Interactive TV, a NextPlay-funded strategic partnership, acquired award-winning Interactive TV provider, Zappware, founded in 2001 by former employees of Philips Media.
? Acquired controlling interest in International Financial Enterprise Bank (IFEB), a global financial institution.
? Received conditional approvals for insurance and reinsurance licenses enabling NextPlay’s NextShield LTD business unit to establish digital primary insurance and reinsurance operations and to offer blockchain-delivered products, such as parametric comprehensive travel insurance and bank deposit insurance.
? Company’s licensed Longroot digital token offering platform engaged to serve as the financial advisor and underwriter for Ample’s proposed security token offering (STO).
? Launched NextPlay X Soma Labs, an innovation and design platform bringing together non-fungible tokens (NFTs), social games, and Metaverse virtual worlds for major brands, creators, and agencies.
? Entered into agreement to acquire from Fighter Base Publishing the assets and AI-powered video game development platform of its wholly owned division, Make It Games™, which was closed subsequent to the fiscal year end.
? Appointed Mark Vange, an industry leader in video game development and in-game advertising and former chief technology officer of Electronic Arts Interactive, as chief technology officer of the company.
? ABCC - Signed a memorandum of understanding with Alphabit Consulting Pte. Ltd. to provide NextBank International deposit accounts and payment cards for members of its ABCC cryptocurrency exchange.
Subsequent events
? Signed memorandum of understanding with TruCash to launch NextBank Payments, which is anticipated to include (but not be limited to) Mobile Wallets, Mobile Payments, Credit cards, Debit Cards, and Prepaid products. In addition, NextBank expects to have the opportunity to offer NextBank's international banking services to TruCash's millions of account holders worldwide.
? Signed preliminary agreement with Decentralised Investment Group (DIG), a leading global blockchain technology company, to develop and operate an exclusive fiat payment platform for DIG customers, and would initially include in-game assets from Realms of Ethernity (RoE), the world’s first MMORPG (massively multiplayer online role-playing games) NFT game.
? Acquired goPlay assets, including a new-gen game publishing platform featuring a tournament system, chat, payment, and 37 casual games ranging from arcade to strategy. NextPlay plans to complete the integration of its HotPlay in-game advertising (IGA) technology into the 37 goPlay games by year-end. The Asset purchase also included a perpetual license to goPay, a payment aggregator that offers game developers multiple ways to more easily collect and process user payments through carrier billing, over the counter, e-voucher, bank transfer and e-wallet transfers.
Management Commentary
“The significant increase in our gross margin expansion demonstrates how we continue to more efficiently utilize and better leverage all of the components we brought into our ecosystem via several synergistic acquisitions that we did last year. During the fourth quarter, a lot more effort was allocated to actual platform development to leverage the foundation we have laid out in the last quarter further in order to increase the array of services we will be offering to our customers. Separately, we reached agreements with several key partners for product rollout collaboration and cross-selling products to their existing customers,” commented NextPlay Co-CEO and Principal Executive Officer, Nithinan “Jess” Boonyawattanapisut.
“During our fiscal 4th quarter, 2022, our digital interactive media division, NextMedia, delivered an updated version of Blockbuster 2048, its first in-house casual game and the first of the 16 games currently in the pipeline, including Evergreen Forest, Rolly Loops, Skyline Stack, Hook’n Hop, Booster Maths, that are also expected to be released in fiscal 2023 to iOS and Android app stores. All of these games will come with cross-platform capability. In conjunction, we have now released HotPlay 2.0, with advertising and real-world rewards delivery technology for businesses, with significantly enhanced integration and deep-linking support into Unity games, via a generational update of its Unity SDK for iOS, Android, Android TV and HTML5.
“HotPlay 2.0 is being incrementally opened to selected partners while it continues its steady progression towards the delivery of a global platform for all actors via its connected ecosystem of back-office tools for advertisers (with Advertiser Portal), game publishers (with Publisher Portal and its Unity Game SDK), and apps for consumers and players (including its HotPlay Reward Redemption native mobile app for iOS and Android).
“With the continued development of the HotPlay platform and integration of the MakeItGames AI animation platform, we anticipate the platform will introduce disruptive and game-changing capabilities to game, virtual reality, Metaverse and other immersive experiences for partners.
“Our Fintech division comprises our insurance, reinsurance, online banking, and crypto portal operations. The division has been our most active division in terms of new business development and revenue generation. NextBank’s revenue grew more than 206% compared to Q3 of FY 2022. The team continues to bring forth a diversified set of Fintech solutions to the market that are expected to offer asset banking, asset management, mobile payment, and a range of retail banking services to customers around the world. Our online banking platform with a new and more robust core banking system is scheduled to be available by the 1st half of fiscal 2023. Once implemented, we expect to see a significant acceleration, and multiple folds of growth, in the number of customers, amounts of deposits, and revenue generation. We expect NextBank profitability this year.
“NextBank welcomes blockchain industry participants and is focused on providing enabling capabilities to clients in the DeFi, NFT, and exchange verticals. We also plan to issue our own digital insurance tokens, which are expected to allow customers to purchase any of our insurance products, as well as a series of stable coins to facilitate remittance services that NextBank will provide. We expect the Fintech division to contribute significantly to earnings in FY 2023 whereby NextPlay as a whole would turn a profit, driven initially by NextBank’s results.
“Our travel division achieved several milestones in the 4th quarter of FY 2022, to position the company for growth. We have recently completed integrations on ConNextions, NextTrip’s alternative lodging rental booking engine, with several key distribution partners. We released several new features for NextTrip Business, our corporate travel management and booking solution for small and medium-sized businesses, including travel delegate, which allows a traveler to assign someone to book on their behalf. Additionally, with the travel industry recovery continuing to be driven by leisure travel, w
Up 140% > NextPlay Technologies, Inc., formerly Monaker Group, Inc., is a technology solutions company. The Company is offering gaming, in-game advertising, crypto-banking, connected television (TV) and travel booking services to consumers and corporations within digital ecosystem. It also provides artificial intelligence (AI) game development and crypto asset management technologies. Its Make It Games (MIG) brand enables game or film characters to animate themselves and be more lifelike in appearance and behavior. Its crypto asset management technology enables to reconcile legal and regulatory requirements around digital assets, including Know Your Customer (KYC) challenges, anti-money laundering (AML) and shareholder rights enforcement. The Company’s engaging products and services utilize advertising technology (AdTech), artificial intelligence (AI) and financial technology (Fintech) solutions to leverage the strengths and channels of its existing and acquired technologies.
The next multibagger here
$NXTP
$NXTP is building an ecosystem with technologies and products designed for ‘that’ generation. #Metaverse
Agree with $NXTP potential
$NXTP is going to be one of the hottest stocks of summer 2022 hands down.
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