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NEWS!!!
"Sterling Group Ventures Announces Corporate Update
Newsfile Corp.
Newsfile Corp
Vancouver, British Columbia--(Newsfile Corp. - January 30, 2018) - Mojo Games, a division of Sterling Group Ventures, Inc (OTCQB: SGGV) is pleased to provide the following corporate update.
In addition to the Company working on completing all necessary filings for the Exchange, the Company is working on several exciting projects.
The restructuring of Sterling and Mojo has taken more time than expected which has delayed the release of the Company's filings and audited financial statements. We are continuing to proceed forward on all necessary filings and expect to soon notify shareholders when completed.
In Q3 2017, the Company entered into license and services agreements with Factory Games to launch a poker mobile app for a social play money audience. This game is tailored to provide social players with quick bursts of exciting poker play. The game will monetize these players by selling packages of an in-game currency that help players progress to the next levels in the game. The game is scheduled to officially launch in Q2 this year. This project has generated over US$900,000 in revenue for the Company in 2017. Once launched, the game will generate further services and profit sharing revenue for the Company. As part of its License agreement with Factory, the Company has received a partial ownership position in Factory Games. Leveraging the experience and knowledge the Company is building in mobile games, the Company is currently investigating launching new casual/puzzle mobile games.
In Q4, 2017, the Company entered into licensing and services agreements with Blocpal International, to help BlocPal develop and launch a payment processing eWallet solution supporting transactions between Merchants and Consumers using cryptocurrencies and traditional fiat currencies. The solution leverages the Company's enterprise back-office which includes modules for account management, CRM, customer support/helpdesk, risk/fraud management, user rewards, affiliate management and payment processing. The initial revenue to the Company for licensing its software and providing services to Blocpal to launch the product is over US$1 Million with further profit sharing and services revenue following the launch. The launch of the first solution for BlocPal is scheduled for Q2 this year. As part of its License agreement with BlocPal, the Company has also received a partial ownership position in BlocPal.
The Company is preparing to launch its own Direct-to-Consumer online gaming sites with a new marketing partner allowing users to play games using fiat and/or crypto currencies. Related to the launch of the Company's cryptocurrency D2C gaming sites, the Company is releasing its own loyalty crypto coin blockchain solution. The Company's loyalty coin program will be marketed to all gaming sites as an opportunity to offer their players a more advanced loyalty program leveraging the benefits provided through blockchain and cryptocurrencies.
The India gaming network launched last year with Baadshah Gaming is slowly but steadily progressing. In Q1 this year, the Company is launching a significant update to its poker game software focusing on a rich user experience. With the updated software, the Company will work together with Baadshah to market and build the gaming network by adding both new B2B clients and players to the network.
About Mojo Games, a division of Sterling Group Ventures
Mojo Games provides a B2B multi-gaming platform with a full suite of social play money and real money gaming products, including online poker. Mojo offers B2B partners both API integrated and turnkey white label licensing options with advanced and customizable iGaming back-office features, player rewards and marketing, affiliate, and ecommerce solutions.
ON BEHALF of the BOARD
/s/ Nicolaos Mellios
Mr. Nicolaos Mellios
Chairman & CEO
For further information, please check the Company's SEC 8-K filing or contact:
Chris MacPherson, Director
Phone: (604) 564-0765
info@mojo.game
www.mojo.game"
Gambling platform it appears though I wish it were something else...lol
What is their business now..gambling platforms or something else? Thanks~
It's a new year and they've had time to get their financials up to date.
I think they wouldn't be fooling around with the website if they weren't ready to release some information.
Hopefully means they are getting ready finally to get things going...
The website has finally been updated. Something seems to be happening finally, I think we could see financials any time/???
Hi Mike, Chris thought they were getting closer and I have to think they're still slogging through. I sent another email to Chris today.
I got these email exchanges from CFO Chris MacPherson back on October 10th:
New year here..Hopefully we see filings or something in next couple weeks. I can't imagine they went through all of this just to go dormant..especially Raoul as this was his big last hurrah.....
agree, its more likely after the first. It's just wishful thinking on my part
either way I'll let you know if he replies
I was figuring we might see something right after the new year...
I just emailed Chris, lets hope he replies with good news.
It could be a very merry Christmas if we see financials this year.
GLTY
Business is, actually, doing very badly from what I hear.
In my opinion.
I'm hoping to see new financials before Christmas?
Based on Chris's reply we should see financials sometime soon?
I can do 45 days standing on my head compared to the 6+ years we've been waiting LOL
Thanks Chris,
Do you have a rough guestimate as to when you’ll be able to bring the financials up to date?
Reply:
Another 45 days if there are no more complications
Reply: Fyi none of our stakeholders or shareholders are happy right now.
But the business is doing well.
hey mike ive been out for awhile now...do you think this still has a shot at making it...wonder how the old man's doing...cheers and GLA
Sounds like nothing any time soon
I got a reply from Chris at Mojo Games:
Dear Chris/Christopher,
Any progress on the 10Q? It seems a long time to complete the task below. Is there anything you can tell me about Sterling/Mojo?
Thanks[/I]
I got the following reply:
"combining a private entity comprising 4 different tax jurisdictions with a public company who has companies in 4 different jurisdictions has been time consuming. We have 3 different audits, the qualifying transaction, the year end transition year end audit, and subsequent 2017 Q1 and Q2 audits of the combined entities as well. To say the least its been challenging. I really cant say too much except through a press release. Rest assured, we are working diligently for all our stakeholders.
Kind Regards
Chris MacPherson
CFO
Sterling Ventures"
I'm out of this one for now. If they release a solid update with numbers, will look at entering.
Looks like we are a "pinkie" now due to the report still not being filed...Wonder if we will file one ever under this new regime....
yeah surprised things have moved this way as this was Raoul's baby and lifetime ticket...
yeah, I'm out of the stock completely now, no answers from anyone, Raoul not in control anymore, Mellios can't do anything on time, shares coming off restriction.
Ask has some big blocks now....
who knows what is going on with this company? when Raoul was in charge risk was much lower. With Mellios, he's late with everything, late signing control docs, 7 weeks late with filings, China promo/platform was a..flop?
the stock looks like it is getting accumulated so maybe a big promo coming. no email answers from anyone...
was there a premarket trade at .10??
quote
Looks like there was news last week that no one saw..LOL..go figure....
Sterling Group Ventures: Corporate Update
Newsfile Corp.
Newsfile Corp
Vancouver, British Columbia--(Newsfile Corp. - June 15, 2017) - Mojo Games Inc., a subsidiary of Sterling Group Ventures, Inc (OTCQB: SGGV) is pleased to provide the following corporate update:
The company is nearing launch of a new turnkey casino solution for a B2B partner focused on high stake VIP players in the Eastern European market. The solution leverages Mojo's advanced iGaming platform and table casino games integrated with tier 1 payment processing partners.
The company is pleased to provide an update on the India Skill Gaming Initiative - Our recently announced partner Baadshah Gaming has been fully deployed and is growing its base of players daily. Baadshah currently offers Mojo's poker games and 3 rd party daily fantasy games integrated to Mojo's iGaming platform.
The company is nearing a rollout of its own Direct to Consumer solution which will focus in emerging world markets, including India. The company is in discussion with marketing partners to assist in player acquisition.
The company regretfully reports that we will not be proceeding with VLeague's opportunities in China. We will continue to seek partnerships in Asia that are mutually beneficial with strong upside.
The restructuring of Sterling and Mojo has taken more time than we expected and as such the financials have been delayed. We are continuing to proceed forward on our necessary filings and will notify shareholders when completed.
About Mojo Games, a subsidiary of Sterling Group Ventures
Mojo Games provides a B2B multi-gaming platform with a full suite of social play money gaming products, including online poker. Mojo offers B2B partners both API integrated and turnkey white label licensing options with advanced and customizable iGaming back-office features, player rewards and marketing, affiliate, and ecommerce solutions.
ON BEHALF of the BOARD
/s/ Nicolaos Mellios
Mr. Nicolaos Mellios
Chairman & CEO
For further information, please check the Company's SEC 8-K filing or contact:
Chris MacPherson, Director
Phone: (604) 564-0765
info@mojo.game
www.mojo.game
We seek Safe Harbour
Certain statements and other information included in this press release constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws, including the "safe harbour" provisions of provincial securities legislation and the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended. Forward-looking statements are typically identified by the words "believe," "expect," "anticipate," "intend," "estimate," "outlook," "focus," "potential," "will," "should," "would," "could," and other similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements as it is subject to known and unknown risks and uncertainties that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Except as required by law, there is no intention or obligation to update or revise any forward-looking statements as a result of new information or future events, except as required by law.
This press release does not constitute any investment advice or any solicitation or offer to buy or sell any securities. No representation is made on the accuracy or completeness of the information contained in this press release, and the Company does not accept liability for any errors or omissions in the contents of this press release that arise as a result of transmission. The Company may not update the information in this press release. The Company does not waive any rights, privileges or other protections that the Company may have with respect to the information in this press release.
http://www.newsfilecorp.com/newsinfo.php?i=27458&f=96
I never could find out how the chinese poker tournament went or if it happened, if we got any free press as being the technology behind it, nada
when they start putting out revenue news and pay the ihub 100 publish fee maybe we can get a run going
You are exactly right.
This stock has always been "news proof" LOL
Nice news..need to start seeing what some of these partnerships mean dollar wise
Baadshah Gaming and Mojo Games, a Division of Sterling Group Ventures, Announce Strategic Partnership to Provide the Back Office and Online Poker to Baadshah Gaming
Newsfile Corp.
Newsfile Corp
Vancouver, British Columbia--(Newsfile Corp. - May 16, 2017) - Mojo Games, a division of Sterling Group Ventures (OTCQB: SGGV) is pleased to announce a strategic partnership between its wholly owned subsidiary Mojo Interactive Services India Private Ltd. and Oceanking Software Solutions LLP, for its brand Baadshah Gaming, an Indian corporation who is the first of its kind to offer a multi-game online portal within India.
The partnership between Baadshah and Mojo has been formed as part of an online strategy to support Baadshah's efforts to become Indias first online portal to seamlessly provide Poker and Daily Fantasy. Baadshah aims at changing the perception of games of skill from being a leisure activity to a more professional carrier oriented one. Currently, Baadshah offers Poker and the Fantasy Cricket League and they will be enhancing their Fantasy League experience for online gaming enthusiasts.
Madhav Gupta, Co-Founder, Baadshah, said:
"We are very excited to be working with Mojo and chose to partner with them for their advanced iGaming platform and poker solutions. After considering several options, the Mojo solution was a clear winner as it gives us a lot of flexibility and allows for seamless integration of our proprietary products. We look forward to growing our online gaming network with Mojo Games."
Nick Mellios, CEO, Mojo, said:
"We are very pleased and fortunate to have such a strong partner like Baadshah Gaming in India. We truly believe that market opportunity and potential for growth in revenue in India is immense and is just beginning. The Mojo platform is very customizable and includes all the major Indian payment processing options. We are fully committed to investing in our partnership with Baadshah Gaming and are in the process of adding additional languages and enhanced features to our platform."
About Mojo Games, a division of Sterling Group Vent ures
Mojo Games provides a B2B multi-gaming platform with a full suite of social play money gaming products, including online poker. Mojo offers B2B partners both API integrated and turnkey white label licensing options with advanced and customizable iGaming back-office features, player rewards and marketing, affiliate, and ecommerce solutions.
About Baadsah Gaming
Baadshah Gaming is a first of its kind online portal in India that offers Poker and Fantasy League under one roof. It aims at changing the perception of game of skills from being only a leisure activity to a career avenue.
ON BEHALF of the BOARD
/s/ Nicolaos Mellios
______
Mr. Nicolaos Mellios
Chairman & CEO, Sterling Group Ventures
For further information, please contact:
Sterling Group Ventures
Chris MacPherson, CFO
Phone: (604) 564-0765
www.mojo.game
Baadshah Gaming
Madhav Gupta, Co-Founder
https://www.baadshahgaming.com
Any forward-looking statement in this press release is made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that actual results may differ substantially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors, product prices and changes in international and local markets, as well as the inherent risks of the mining related business. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Cautionary Note to U. S. Investors Concerning Estimates of Measure d , Indicated, and Inferred Resources and Reserves. Statements regarding resources and reserves have been based on audits conducted under Chinese methods of calculation which the SEC guidelines strictly prohibit in its filings.
http://www.newsfilecorp.com/newsinfo.php?i=26831&f=96
Getting some volume today....ramping up for next week? Hopefully 10Q will be done by then
In addition, Mojo Games is on target with its plan to launch its iGaming solution for VLeague and Alisports, a division of Alibaba in mid-March 2017 to help market Alisports' first IPT land based poker tournament event to be held in late April.
Nice thinking next week it is based on that tidbit.....Probably why we are slowly and quietly creeping up PPS wise
I wish I could find a listing of Mojo's peer companies to get an idea where this stock price could be going, any ideas where to search?
In the meantime I checked MercureyPoker.com, Mojo's partner in India and their website is down for maintence but will resume on the 15th.
Maybe we are looking at news then!!!
https://finance.yahoo.com/news/mojo-games-inc-division-sterling-214600575.html
Pretty thin once thru the .093s
Watching closely. Lots of good news coming I believe.
Looks like something might finally be brewing.....Name change/ticker coming??
Apparently it was a software issue and a number of stocks were affected.
Not quite sure what is up. But I stated paying attention real fast.
Yup..trading again...
https://www.otcmarkets.com/stock/SGGV/quote
So my Schwab is showing a bid at .95 also. Crazy times ahead?
There'so much potential here its scary.
We could easily go over a dollar once things get rolling.
hope u get it...
Looks like party may start next week
I think you're right, ticker is changing.
Fidelity is showing Bid/$0.95 Ask/$1.02
There appears to be no trading right now but I put in a sell for 1000 shares at $0.90 just for fun.
Must be but not finding anything from phone, maybe it's time to get the party started
Chinese tech titan Alibaba invests 1 billion yuan in mobile gaming distribution.
http://www.cnbc.com/2017/03/17/chinese-tech-titan-alibaba-invests-1-billion-yuan-in-mobile-gaming-distribution.html
http://www.newsfilecorp.com/release/23874#.WQNW7hPyu00
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Mojo Games brings best in class products including poker, casino, sports betting and skill games alongside innovative and entertainment player experiences and rewards. With customization that’s a cut above, we’re ready to take your business to the next level no matter where you’re starting from.
Mojo Games is ready to bring our expertise to your business, whether you’re on your initial approach into e-gaming or you’ve been soaring in the industry for some time. Through seamlessly integrated games and rewards, fusion of offline and online experiences, social models to real money - we deliver value to both partners and players of all stakes and levels.
We’re always up for the next game. The ever evolving e-gaming industry has presented new revenue opportunities for our partners and players, as have we. Our products support PC, MAC, in-browser Mobile & tablet solutions. Our models range from play, real money and social freemium opportunities. And we’ve designed a solution to aid established land based operators enter the online market fully equipped.
We’re ready for wherever e-gaming goes, are you?
VANCOUVER, British Columbia, Dec. 02, 2016 (GLOBE NEWSWIRE) -- Mojo Games, a division of Sterling Group Ventures (SGGV) is pleased to announce a strategic partnership with VLeague Internet Technology Company Limited, a China corporation who is the exclusive online social gaming provider for Alisports' Chess and Card Division.
The partnership between VLeague and Mojo has been formed as part of an online strategy to support Alisports' recently announced plans to launch a worldwide poker tour. Officials from the Alibaba Sports Group held a press conference Tuesday in Shanghai to announce the International Poker Tour (IPT), a new poker tour with events to take place in China, Asia Pacific, North America and Europe with an estimated more than $7 million in tournament prize money to be awarded over the first year of the tour.
To view the 'Photo of Press Conference held in Shanghai', please visit: [http://orders.newsfilecorp.com/files/1075/23874_a1480661641549_5.jpg]
http://finance.yahoo.com/news/vleague-mojo-games-division-sterling-141800350.html
Sterling acquires Euroclub Holding Limited, an established global online gaming company with business in Brazil, Russia, India, China and Europe
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 11/16/16 -- Sterling Group Ventures, Inc. ("Sterling") (OTCQB:SGGV) is pleased to report that on November 11th, 2016, it signed a definitive share exchange agreement with Euroclub Holding Ltd ("Euroclub"). As a result, Euroclub will become a subsidiary of Sterling with business partners operating in Brazil, Russia, India, China and Europe. The company's online gaming platform is currently being launched nation-wide in India and China.
As a result of the acquisition, Mr. Nicolaos Mellios, the founder, CEO and significant shareholder of Euroclub, who resides in Vancouver, British Columbia, has been appointed CEO of Sterling. Mr. Mellios has been in the online gaming business since 1999. Mr. Nick Mellios, BSc, MBA, is responsible for overall technical and strategic management, and brings a broad background in technology and business development to his lead role at Euroclub. As co-founder and CEO, he has been responsible for raising financing, and assembling the technical and operations teams to build and support Euroclub's social and real money iGaming platform. He also leads business development efforts negotiating agreements with on-line and land-based gaming operators, and third party gaming providers. Prior to Euroclub, Mr. Mellios was the CEO of Yummy Interactive. Mr. Mellios co-founded Yummy to build a games-on-demand distribution and DRM (digital rights management) solution for mobile/broadband service providers, and application/game developers and publishers. Prior to Yummy, Nick held positions in New Business Development and Program Controls Management at Hughes Aircraft. He graduated from the University of British Columbia with an MBA and a bachelor of science in mathematics. Mr. Mellios has replaced Mr. Tsakok, MBA, CFA as CEO, who will remain an independent director and Chairman of the Audit Committee.
Euroclub has enjoyed substantial growth as per its unaudited financial statements over the past 2 years with revenue of EUR406,030 in 2014 and EUR655,224 in 2015.
Euroclub is a well-established online gaming company that provides a B2B and B2C multi-gaming platform under the MOJO brand name with a full suite of social and real money gaming products, including online poker, casino games and third party integrations to live dealer, e-sports, sports betting and skill games. Mojo offers B2B partners both API integrated and turnkey white label licensing options with comprehensive global payment processing. Mojo's registered office is in Malta with 25 technical staff in Vancouver, Dublin and Barcelona. Mojo supports over 20 B2B partners and B2C operations with gaming licenses in Malta and Curacao.
Under the terms of the agreement, Sterling will issue 170,285,696 common shares and 791,500 redeemable and exchangeable preferred shares which are convertible into common at $0.20. Once converted, those common shares have 5 warrants attached exercisable at $0.20 with a term of 3 years.
Concurrently with the acquisition of Euroclub, Sterling has arranged a US$500,000 private placement of 10 million units with each unit comprising of 1 common share at $0.05 and a Series "F" warrant convertible at $0.15 with a term of 1 year in order to fund Euroclub's immediate capital requirements for its entry into India and China expected in December 2016.
In addition, Mr. Patrick Martin and Mr. Sachin Pawa have joined the Board of Sterling as of November 11, 2016.
Patrick Martin, BSc, MBA, is the principal of business strategy at Zappos since 2014 and one of the architects of the current best customers strategy. He has expanded the data science and business intelligence capabilities of the organization. He has additionally held previous roles as a product manager at Zappos, and a senior engineer and development director at Electronic Arts Sports. Mr. Martin's areas of expertise include business strategy, technology management, big data and on-line/direct marketing. He received his BSc in Computer Software Engineering from the University of British Columbia and received his MBA from Northwestern University's Kellogg School of Management.
Sachin Pawa, BBA, MBA, has over 10 years of experience in building gaming ventures in India. He co-founded and developed Sol Entertainment Private Ltd., the operating company of the Crown Casino in Goa, India. He was the chief executive officer of Online for Playwin, India's largest licensed lottery business. He was also the co-founder and CEO of Blue Square Services, which operated the site Maharjahclub and was licensed in the United Kingdom. He has also set up and managed various successful retail stores and operations for distribution of mobile devices, including partnerships with the major network carriers in the United States. He graduated from the University of Technology, Sydney, Australia, with an MBA and from the Apeejay School Of Management in Delhi, India, with a BBA.
Mr. Gerry Runolfson has resigned as a Director of Sterling and the Board wishes to thank him for his contribution to the company.
ON BEHALF of the BOARD
Mr. Nicolaos Mellios, Chairman & CEO
For further information, please check the Company's SEC 8-K filing.
Any forward-looking statement in this press release is made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that actual results may differ substantially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors, product prices and changes in international and local markets, as well as the inherent risks of the mining related business. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Sterling Group Ventures Inc.
Chris Mellios, B.Sc., MBA
(604) 684-1001
(604) 684-1001 (FAX)
info@sterlinggroupventures.com
Sterling Group Ventures Inc.
Christopher Tsakok, MBA, CFA
Director
(604) 684-1001
(604) 684-1001 (FAX)
info@sterlinggroupventures.com
www.sterlinggroupventures.com
Source: Sterling Group Ventures Inc.
Real Time Level 2
http://www.otcmarkets.com/stock/SGGV/quote
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