MASSIVE GAINS

[nbketz4]

Double zero stock with MONSTA potential, trading way undervalued!!:

GMGI .0011 now profitable; toxic debt eliminated, over $500k cash in the bank-could be a huge stock in 2019:


Golden Matrix Reports Net Income of $331,999 on Revenues of $638,695 for the First Fiscal Quarter of 2019

LAS VEGAS, Nov. 27, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Golden Matrix Group Inc. (OTCPK: GMGI), a technology-driven company that designs and develops social gaming platforms, systems and gaming content, today announced that for the first fiscal quarter ended October 31, 2018, the company recorded net income of $331,999. This compares with a net loss of $458,043 in the first fiscal quarter ended October 31, 2017.

First quarter 2019 revenues of $638,695 represent a 25% increase on revenues of $510,656 in Q4 2018 and a 2,029% increase on revenues of $30,000 in the comparable year-ago period.

Revenues recorded in both Q1 2019 and during the last five months of fiscal 2018 were derived primarily from licensing fees received from gaming operators located in the Asia Pacific (APAC) region. During the first quarter of 2019, increases in the number of operators and active users, along with the introduction of exciting proprietary and exclusive gaming content, were primary drivers of the company’s revenue and profit growth.

“We are extremely pleased with Q1 results and the rapid progress GMGI is making in the Asia-Pacific gaming market, the largest in the world,” said Golden Matrix CEO Anthony Goodman. “We have demonstrated our ability to generate solid recurring monthly sales, and we expect the company’s performance to continue to improve. Golden Matrix is poised to increase market share throughout 2019 and maintain strong positive cash flow with rising profitability.”

Cash and cash equivalents as of October 31, 2018 increased 30% to $580,407 from $446,581 at year-end (July 31) fiscal 2018. Total assets increased to $1,249,607, up 52% from $819,874 at year-end fiscal 2018.

For additional information on Golden Matrix’s Q1 2019 performance, please refer to the Company’s 10-Q filing at

https://www.otcmarkets.com/stock/GMGI/disclosure or www.sec.gov.



@GMGI_Group
Sep 11

$GMGI - LG Capital has been paid off. No more convertible notes.

Well, they aren't very smart investors selling at these prices. Maybe it's better if they are not a shareholder if they dont see how things are progressing. We have a clear vision and are going after it step by step aggressively.

— Golden Matrix Group (@GMGI_Official) September 12, 2018