Golden Matrix Group Inc (GMGI)

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Golden Matrix Group Launches New Generation GM-X System

LAS VEGAS, May 22, 2018 (GLOBE NEWSWIRE) -- Golden Matrix Group Inc. (OTCPK: GMGI) today announced the launch of the company’s New Generation GM-X System (NewGen GM-X), featured earlier this month at the Global Gaming Expo Asia (G2E) held in Macau.

Golden Matrix, a technology-driven company that designs and develops social gaming platforms used by gaming operators located primarily in the Asia Pacific (APAC) region, said NewGen GM-X incorporates an artificial intelligence (AI) component as well as a module that supports seamless integration with Sportsbooks and e-Sports. It can provide current and prospective gaming operators with the ability to strengthen their customer acquisition/retention and back-end management, as well as add more gaming content.

The company said it expects NewGen GM-X’s added functionalities to help gaming operators and Golden Matrix immediately generate greater revenue and profit.

“We are extremely pleased with how enthusiastically NewGen GM-X was received at the recent three-day G2E event,” said Golden Matrix CEO Anthony Goodman. "This year's gaming show had record-breaking attendance and provided the ideal setting for us to present an enhanced gaming platform with state-of-the-art technology to further benefit existing gaming clients and attract additional customers. We believe our new AI and Sportsbook-enabled CRM, marketing and management system will be highly valued in the current evolution of global gaming and allow Golden Matrix to expand its business into other countries and regions.”

About Golden Matrix Group Inc.
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.

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.

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Golden Matrix Group
Contact: Franco Sun
[e-mail]
www.goldenmatrix.com

Source: Golden Matrix Group Inc, © 2018 GlobeNewswire, Inc.