MONTREAL, November 30, 2021 (GLOBE NEWSWIRE) – Solutions IntÃ©ma inc. (“Intema“or the”companyâ) (TSXV: ITM, OTCMKTS: ITMZF) is pleased to announce that it has applied to the Alcohol and Gaming Commission of Ontario (AGCO) to become a fully registered gambling and betting operator sports on the Internet in Ontario, Canada’s largest province.
On August 27, 2021, the Canadian government enacted Bill C-218, which granted each of Canada’s provincial and territorial governments the discretion to organize and manage single-event sports betting in their respective provinces. Ontario is the first province to accept registration applications from potential iGaming operators, after publishing its draft standards for regulated online betting and gaming markets in August, shortly after Canada legalized betting on a single event, before releasing the finalized standards last month.
âWith the acquisitions of HypeX.gg and Team BH in 2021 and the ongoing acquisition of LOOT.BET, it is essential that our subscribers and customers have access to our growing range of esports and iGaming products and services. in regulated markets around the world, âsaid Laurent Benezra, Chairman and CEO of Intema. âIn addition to being the most populous province in Canada, Ontario has played a leading role in regulating iGaming practices, which bodes very well for newly licensed businesses in this large potential market. In addition to the AGCO application, our Isle of Man gaming license application was officially accepted for review in October, and we plan to apply for additional licenses in certain regulated markets around the world in order for our platforms to esports and iGaming are accessible to everyone. . “
Intema Solutions Inc. is the emerging global leader in the esports and iGaming industry. Our mission is to bring the excitement of esports betting to the world through secure and fully licensed online platforms. Our ecosystem consists of subsidiaries in the areas of esports, iGaming, branding, digital advertising and the design of marketing campaigns which are all complementary drivers of future growth in our revenues. . For more information, please visit our corporate website at intema.ca.
President and CEO
This press release contains certain âforward-looking informationâ and âforward-looking statementsâ (collectively, âforward-looking statementsâ within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, included in this release publication, including, without limitation, those relating to the private placement; the planned development of the Company’s activities and projects; the execution of the Company’s vision and growth strategy; sources and availability funding for the Company’s projects; and future cash, working capital and While the forward-looking statements contained in this press release are based on what the management of the Company considers to be reasonable assumptions, they are inherently subject to to significant business, economic and competitive uncertainties and contingencies, and it cannot be assured that they will prove to be accurate, as a summary Its future events and events could differ materially from those anticipated in such statements. Forward-looking statements can generally be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”. “,” Expect “,” believe “or” continue “, or the negative of it or similar variations. The forward-looking statements contained in this press release relate, among other things, to statements relating to the terms of the private placement and the terms of the proposed transaction; Intema’s future outlook and expected events or results; and the completion of the Private Placement and the Proposed Transaction. Actual future results may differ materially. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance or achievements to differ materially from the estimated future results, performance or achievements expressed or implied by such forward-looking statements and forward-looking statements. statements are not guarantees of future performance. The statements of the Company expressed or implied by these forward-looking statements are subject to a number of risks, uncertainties and conditions, many of which are beyond the control of the Company, and you should not place undue reliance on these statements. statements. Forward-looking statements are subject in their entirety to the risks and uncertainties inherent in the private placement and the proposed transaction, including: that the Company’s assumptions in making forward-looking statements may prove to be inaccurate; unfavorable general market conditions and competition; the inability to finance operations and / or secure future strategic investments necessary for the implementation of new technologies; the inability to build a sustainable, conscientious business with a stronger online presence through new products in esports and games; inability to obtain or retain gaming license (s); and that market conditions related to the COVID-19 pandemic may adversely affect the results of the business or operations of the Company, including its results and financial condition. Except as required by securities law, the Company assumes no obligation to update or revise forward-looking statements, whether as a result of new information, events or otherwise. The Company assumes no obligation to update forward-looking statements, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
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