Thanks patrique ;)

News!!: Golden Matrix Revenues Exceed $425,000 in June; Company on Track to Achieve First Million Dollar Quarter
BY GlobeNewswire
— 9:20 AM ET 07/13/2020


LAS VEGAS, NV, July 13, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Golden Matrix Group Inc, a developer and licenser of social gaming platforms, systems and gaming content, today said revenues in the month of June exceeded $425,000. This represents a record month for the company, and the second fiscal (July 31) quarter is expected to become GMGI’s first quarter with revenues exceeding $1,000,000.

The company said acceleration of revenues in the current quarter received a boost from the activities of a new distributor and the increased number of operators. There are now over 3.1 million registered users across all gaming platforms operated by GMGI’s 358 plus operators.”

“We are thrilled that our eighth consecutive profitable quarter will also be the one achieving the million-dollar revenue milestone,” said Golden Matrix CEO Brian Goodman. “We have become a go-to enterprise for operators whose businesses have been negatively impacted during the pandemic and recognize the need to develop a stronger online presence. The dynamic GM-X system also appeals to our rapidly growing user base, as they have had little or no access to land-based casinos for several months and feel safer gaming in a secure online environment.”


Golden Matrix Group, based in Las Vegas, NV, is an established gaming technology company that develops and owns online gaming IP and builds configurable and scalable white-label social gaming platforms for its international customers, located primarily in the Asia Pacific region. The gaming IP includes tools for marketing, acquisition, retention, and monetization of users. The company's platform can be accessed through both desktop and mobile applications.

Our sophisticated software automatically declines any gaming or redemption requests from within the United States, in strict compliance with current US law.

Forward-Looking Statements

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.

Connect with us:

Twitter - https://twitter.com/GMGI_Group
Instagram - https://www.instagram.com/goldenmatrixgroup/

Golden Matrix Group
Contact: Scott Yan
info@goldenmatrix.com
www.goldenmatrix.com

gm ST, looking forward to it $$$$$$

Agree, online gaming/gambling/esports is a growing industry and is here to stay-holding for more gains here. gm GMGI shareholders

Thanks tg, gn

gn GMGID shareholders and enjoy the 4th of July holiday. I'm going on vacation for a week, catch ya'all later. Goooooooooo GMGID $$$$$$$$$$$

yw, I agree.

As far as I know, it's just the 8-k that was filed. It was filed with the SOS Nevada, I believe that's all that is required. S1/A is a filing when a private company wants to go public-not the case here, since GMGID is already publicly traded.

The CEO, CFO & DTMFS, LP owned approx 50% of the o/s prior to the split. Mr. Goodman noted that, as a result of the 1-for-150 reverse split, the company's outstanding common stock was reduced to about 19 million shares from almost 3 billion shares, and the number of authorized shares were reversed at the same ratio and reduced to 40 million shares from 6 billion shares.


"We are extremely pleased by the success of the reverse split," said Golden Matrix CEO Brian Goodman. "It is an important step in our long-term strategy to build Golden Matrix into an international company and represents our commitment to enhance shareholder value and uplist GMGI shares to a national exchange later this year. Also, we believe that the company's continuing profitability and expansion of product offerings and geographic reach, coupled with a more attractive capitalization, will engage the interest of a broader range of investors and attract new shareholders."


https://www.otcmarkets.com/stock/GMGID/news/story?e&id=1634083


https://www.otcmarkets.com/filing/html?id=14205200&guid=UGJFUKcztec943h

#GOALS :)

The good thing is there's competition between brokers resulting in them lower/eliminating commission fees and the like, so it's possible they are refunding everyone the reorg fee. But I'm sure you're not complaining :)

Etrade will do that if you are an active trader or if you have a minimum of $250k in assets. Happened to me with a different stock.

Amen

Oh man, that's so sad, RIP :(

To further expand & grow the business, an esports app is in the works:


https://www.otcmarkets.com/stock/GMGID/news/story?e&id=1599311

No toxic debt, low float stock with a nice share structure: Mr. Goodman noted that, as a result of the 1-for-150 reverse split, the company's outstanding common stock was reduced to about 19 million shares from almost 3 billion shares, and the number of authorized shares were reversed at the same ratio and reduced to 40 million shares from 6 billion shares.

Golden Matrix revenues are derived primarily from licensing fees received from gaming operators located in the Asia Pacific (APAC) region and integrated with the company's state-of-the-art GM-X platform. The company reported earlier this month that there are now more than three million registered users across all GM-X gaming platforms. "As a result of the rapid expansion of active users these past few months," said Mr. Goodman, "we expect June to be a record revenue month and the current quarter to finish strongly with increased revenues and profitability."


New member of the board of directors, who has extensive experience & was a member of the bod of a NYSE company, will help with the plan to uplist to a higher exchange:


https://www.otcmarkets.com/stock/GMGID/news/story?e&id=1584274


https://www.otcmarkets.com/stock/GMGID/news/story?e&id=1569433


Golden Matrix CEO Anthony Goodman noted that while the Covid-19 environment had created certain challenges to operations, such as an impact on GMGI’s technical resources and sales team due to current travel restrictions, the company has shown resilience and achieved its 7th consecutive profitable quarter. “Toward the end of the quarter,” he said, “we saw a significant increase in the number of casino operators seeking to create an online presence. The integration process with these new operators, while initially slow due to the impact of the pandemic, is now accelerating and expected to boost revenue and profit growth moving forward.”


https://www.otcmarkets.com/stock/GMGID/news/story?e&id=1623656

Pretty good day of consolidating around this $3-3.20, got rid of a few short term worry warts. No dilution, low float, looking for $6 to $8 here mid term target, however long it takes. gn GMGID shareholders

Would drive me nuts, lol.

Come on rog, where's the pic of a drowning guy with his head barely above water? lmao

Yup, scared nervous nellies are out, they don't understand with this low float the price can rocket up on minimal volume.

lol, R-E-L-A-X :)

gm tg, sometimes it takes a day or two more to update the cost basis, etc.

Yes, I saved my hard earned money and poured it into GMGI $$$$$$$$$$$$$$$

lol

Big time rookies, lol

Lol-same goes for you $$$$$$ :)

Welcome back-now go on vacation again, lol.

Lol! Last post of the day, enjoy the "crap" GMGI shareholders, see ya tomorrow $$$$$$$$$$$

All I need is 1 or 2 more "crappy" stocks like this, and I could buy my own private island. As it stands right now, I will be retiring early $$$$$$$$$$$$$$$$

It's not crap :)

Woah, some serious bidders showing up. Low float beauty here

Thanks, I was just going to post that it looks like the rookie squad got their shares, lol.

And now it's turned into gold. Patience pays $$$$$$$$$$$$$$$

Nope-spectacular job by management turning this company around.

ATYG .0001 someone just bought 50m shares, radar

Facts!

Absolutely!!!

Company tweet:


GMGI-Golden Matrix Group, Inc.


"$GMGI is extremely pleased by the success
of the reverse split," said Golden Matrix CEO, Brian Goodman. "It's an important
step in our long-term strategy
to enhance shareholder value and uplist
GMGI shares to a national exchange later

"$GMGI is extremely pleased by the success
of the reverse split," said Golden Matrix CEO, Brian Goodman. "It's an important
step in our long-term strategy
to enhance shareholder value and uplist
GMGI shares to a national exchange later https://t.co/8yvowQJUyt

— Golden Matrix Group (@GMGI_Official) June 29, 2020

Very bizarre, wish I had a bid in to grab those cheapies.

Agree, holding