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Calgary, Alberta – TheNewswire – September 8, 2023 – VIP Entertainment Technologies Inc. (TSXV:VIP), (OTC:VETIF) (“VIP” or the “Company”), is pleased to announce that the Company’s common shares are now quoted for trading on the OTCQB Venture Market under the symbol VETIF. The company has also received Depository Trust Company (DTC) eligibility in the United States, thus allowing the company’s stock to be more easily traded by and accessible to U.S. institutional and retail investors.
Bob Lunde, chief executive officer, stated: “DTC eligibility will give U.S.-based investors easier access to trade our shares which will aid in our goal of increased visibility and share liquidity for both existing and new U.S.-based shareholders.”
The OTCQB Venture Market allows early-stage and developing companies the benefit of being publicly traded in the United States. Eligible companies must be current in their financial reporting, pass a minimum bid test and undergo an annual verification and management certification process.
DTC is a subsidiary of Depository Trust & Clearing Corp., a U.S.-based company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered DTC eligible.
Ready for the Upcoming Sports Season
VIP Entertainment Technologies Inc. is also gearing up for an exciting sports season, with the NFL Football season kicking off last night with reigning Super Bowl Champions, the Kansas City Chiefs beginning their title defense with a win. For betting enthusiasts, KC is trying to repeat as NFL Champions after losing to the Detroit Lions to open the regular season. Our platform offers numerous opportunities for sports fans to add some interest to their game watching experiences.
Our dedicated team has meticulously planned and executed marketing and promotional strategies to enhance the overall entertainment experience for our users and engage sports enthusiasts worldwide. We are enthusiastic about the prospects of a thrilling season and anticipate robust engagement from our user base. The beginning of the NFL season is the start of the busy fall sports season, which includes NCAA football, NHL, NBA and MLB playoffs.
Bob Lunde, CEO of VIP Entertainment Technologies Inc., commented on the upcoming season, stating, “We are ready to make this sports season truly exceptional for our users. We’ve invested heavily in creating an immersive experience that combines the excitement of sports with cutting-edge technology. Our team is poised to provide unrivaled entertainment to sports fans.”
About VIP Entertainment Technologies Inc.
VIP delivers sports betting, casino games and poker through its VIP Bets platform. In addition, it has recently launched its Free to Play platform, VIPFree2Play, which offers engagement and entertainment tools to users around the world. The Company is focused on a growth through affiliate relationship and networking strategy to increase its core business while keeping its cost of player acquisition at industry low levels. By acquiring customers efficiently and cheaply VIP will be able to keep costs down and margins high. Since 2016, VIP has handled approximately $150,000,000 in wagers through its licensed online gaming services.
For further information please visit www.vipentertaingroup.com or contact:
Bob Lunde – Chief Executive Officer
+1-604-763-1034
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments, performance or achievements that VIP anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking information. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass.
Forward-looking statements are based on assumptions, including expectations and assumptions concerning the Company’s growth plan. While VIP considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on forward-looking statements. In addition, forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; adverse industry events; future legislative, tax and regulatory developments. Readers are cautioned that the foregoing list is not exhaustive and other risks set out in public disclosure recorded and filed under the Company’s profile on www.sedar.com. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. For more information on the risk, uncertainties and assumptions that could cause anticipated opportunities and actual results to differ materially, please refer to the public filings of VIP Entertainment Technologies Inc. which are available on SEDAR at www.sedar.com. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect our expectations as of the date hereof, and thus are subject to change thereafter. VIP Entertainment Technologies Inc disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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