Tickers: XTSX:YDX, PINX:YDRMF, FRAA:A2AP0L
Tags: Business, Technology
VANCOUVER, B.C. / TheNewswire / February 21st, 2019 - YDX Innovation Corp. (TSX-V: YDX; OTC:YDRMF; FSE:A2AP0L) ("YDX" or the "Company") a leading designer and developer of augmented and virtual reality experiences, eSports events and immersive brand activations, today announced it has signed a non-exclusive collaboration agreement with Dallas, Texas based Jackpot Rising to create eSports tournaments featuring Arkave VR, in the U.S..
With offices in the U.S. and the UK, Jackpot Rising's patented framework enables players to compete against each other in tournaments for cash, prizes, digital goods, and other rewards.
Games on the platform include Jackpot Shot and Jackpot Alley created by Jackpot Rising as well as third party games, including Fortnite, a game created by Epic Games. According to the website Statista, in November of 2018, Fortnite online game had 200 million players worldwide.
The goal of the partnership is to co-host tournaments, starting in Dallas. According to publications from ESPN and DMagazine, the Dallas-Fort Worth area is a Gamer's Paradise and is fast becoming an esports magnet, attracting big-name investors, new stadiums and some of video gaming's hottest teams making it a strategic location for YDX to bring Game On Festival and setup Arkave VR arenas.
"We designed Arkave VR to become an eSports attraction for our clients. The platform is equipped with a ranking system and ready for tournaments. The partnership with Jackpot Rising enables us to move faster into this segment." - stated Daniel Japiassu - CEO of YDX Innovation Corp.
Arkave VR Arena was created by YDX Innovation Corp. to be a premium Virtual Reality option for thousands of Family Entertainment Centers (FECs) that are looking for an affordable and highly immersive Virtual Reality solution. In November, the Company officially launched the product at IAAPA the world's largest event for FECs and Theme Parks.
In December, the Company opened its first Arkave VR Arena in the U.S. at Andretti Indoor Karting (with 4 locations in the US), located in Marietta, Georgia. In early January, the second Arkave VR Arena was installed at the Launch Trampoline Park in Doral, Florida. A third arena will soon be installed at the Launch Trampoline Park in Methuen, Massachusetts. Launch Trampoline Park is a franchise business that is rapidly expanding in the U.S. with 20 locations open in 14 States with another 21 locations announced for 2019 increasing the presence to 24 States.
About Jackpot Rising
Jackpot Rising is bringing real money entertainment to the new age via its patented tournament platform that enables players to play games and compete against each other in real-money jackpot tournaments driving engaging, social competition. The platform is omni-channel, making Jackpot Rising one of the only companies in the world with the ability to offer a suite of competitive tournaments and eSports across a wide variety of gaming verticals, including Mobile, PC, Console, and Arcade. Jackpot's solution creates an exciting and thrilling player experience where "It pays to be a winner." The Company works directly with game developers, studios, entertainment venues, brands, and others to deliver new age gaming entertainment both on premises and off premises.
Jackpot Rising is based in Dallas, Texas. For further information visit www.jackpotrising.com and follow @JackpotRising on Facebook, Twitter and Instagram.
About YDX Innovation
YDX Innovation Corp. (TSXV- YDX :: www.ydxinnovation.com ) is a technology company that develops products and services and is an expert in immersive technologies like Augmented and Virtual Reality, eSports events and Interactive Exhibitions.
Currently three companies are part of the YDX Family:
Arkave VR Arena - www.arkavevr.com - a gaming platform that brings the most immersive Virtual Reality experience to Location Based venues with a highly scalable business model.
Arkave VR has a flagship store in Brazil, two Arenas in the United States, a flagship store being built in Canada and is being sold through a network of distributors that will focus on the thousands of Family Entertainment Centre's throughout North America, in constant search for innovative attractions.
YDreams Global - www.ydreamsglobal.com - have developed over 1,300 interactive experiences for clients all over the world such as Disney, NBA, Adidas, Cisco, Nokia, Nike, Mercedes Benz, Coca-Cola, Santander, AmBev, Qualcomm, Unilever, City of Rio and Fiat.
YDreams Global has generated over 24 Million CAD in Revenues in past 7 Years.
Game On Festival - www.gameonfestival.com - is a new event under development by the Company that combines eSports Tournaments with a large Interactive Exhibition about the videogame industry and its history.
More Information:
Jim Nelson
Director
(604) 646-6910
contact@ydxinnovation.com | www.ydxinnovation.com | www.youtube.com/ydreamsglobal
Neither TSX Venture Exchange 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 communication contains "forward-looking statements" within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact herein, including, without limitation, statements regarding our current and future plans and objectives, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and future events and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations as well as a list of risk factors that we deem relevant are disclosed in the documents we file from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound. Forward-looking statements are based on our current assumptions, estimates and opinions and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. We do not undertake any obligation to update forward-looking statements should our assumptions, estimates or opinions change, other than as required by law and readers are advised not to place undue reliance on forward-looking statements.
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
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