Replies to post #121 on Arias Intel Corp. (fka ASNT)

[PotterBanker]

Arias Intel Enters LOI to Spin-Out SportXction®Technology

https://globenewswire.com/news-release/2018/06/25/1529012/0/en/Arias-Intel-Enters-LOI-to-Spin-Out-SportXction-Technology.html

SportXction - Proprietary, Real-Time Software System for Play-by-Play Wagering

TAMPA, FL, June 25, 2018 (GLOBE NEWSWIRE) -- Arias Intel Corp. (OTC Markets: ASNT) (the "Company"), a technology, media and mobile gaming platform, today announced it has entered a Letter of Intent to spin-out its SportXctiontechnology.

By spinning-out the SportXctiontechnology, the Company’s shareholders will receive a pro rata share dividend in the new public company and the Company would receive a royalty for the use of the technology. The Company believes the recent U.S. Supreme Court ruling to allow states to legalize sports betting opens the domestic market for mobile application development using the SportXctiontechnology.

SportXctionis a proprietary, real-time interactive software system which allows a user to make play-by-play wagers on a sporting event while the event is in progress. Wagering may be conducted online while viewing a live sporting event.