SUNRISE, FL, April 20, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – NextPlay Technologies, Inc. (Nasdaq: NXTP)a technology solutions company that creates a digital business ecosystem for digital advertisers, consumers, video gamers and travelers. announced purchase of game assets and IP go to the gameA Singapore-based mobile casual video game publisher and technology company.
Assets acquired include: go play, a tournament system, chat, payout, and a next-generation game publishing platform featuring 37 casual games from arcade to strategy. NextPlay plans to complete the integration of HotPlay in-game advertising (IGA) technology into 37 goPlay games by the end of the year.
NextPlay has also acquired a perpetual license from goGame for goPay, a payment aggregator that offers game developers multiple ways to collect and process user payments more easily. This includes carrier bill, over-the-counter, e-coupon, wire transfer and e-wallet. goPay technology further expands NextPlay’s existing payment services, providing access to a wider range of global payment providers.
“The key value for us in this acquisition is that the goPlay platform enables players to build a community within their ecosystem,” said NextPlay co-director Nithinan (Jessie) Boonyawattanapisut. “We see that this provides a ready platform to launch our HotPlay IGA technology, leading to new revenue streams and expanding our reach to users in many additional countries around the world.”
As a wholly owned brand, goPlay brings Nextplay:
Web destination for gamers to gather in a catalog of well-crafted, hyper casual games and engage in social gaming.
New technologies such as social graphics, chat, and gaming tournament backend services for integration into the company’s advertising and gaming services, and a set of APIs and distributed across web, set-top box, and mobile platforms via the main game software development kit.
The new revenue stream through goPay payments and the ability to leverage exciting new partnerships in key areas of NextPlay’s broader market focus, such as NFT gaming and cryptocurrency.
goPlay and goPay offer a number of attractive features that are perfect for a wide range of platform partners who can sign up for the Open Beta this summer. The goGame offerings will be part of the NextPlay suite of customizable products that can be tailored to suit the individual needs and capabilities of B2B and B2C operators around the world.
NextPlay also plans to introduce goPlay game users to its NextFinancial fintech-focused products, including crypto banking, microcredit and potential insurance services. In each of these offerings, NextPlay will also have full access to goGame’s payment processing gateway. goPay.
For more details on the existence of NextPlay and purchasing IP from goGame, please see http://www.goGame.com. NextPlay Form 8-K filing with the U.S. Securities and Exchange Commission www.sec.govand also available nextplaytechnologies.com investor relations division
Go Game Pte Ltd is a game company headquartered in Singapore with offices in Malaysia, the Philippines, Taiwan, Thailand and Vietnam. Founded by industry veteran David Ng in July 2015, the company first made headlines for securing major investments from gaming giant SEGA and venture capitalist Incubate Fund Japan. The 200-person team has collaborated on projects with SEGA, Disney, Colopl and Viacom. For more information visit gogame.net
About NextPlay Technologies
NextPlay Technologies, Inc. (Nasdaq: NXTP) is a technology solutions company that provides games, in-game advertising, crypto banking, connected TV and travel booking services to consumers and businesses in a growing digital ecosystem worldwide. NextPlay’s engaging products and services use innovative AdTech, Artificial Intelligence and Fintech solutions to leverage the strengths and channels of our existing and acquired technologies. For more information on NextPlay Technologies, visit www.nextplaytechnologies.com and follow us excitement @NextPlayTech and LinkedIn.
This press release contains “forward-looking statements” within the meaning and scope of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and the safe harbor provided by Section. 21E of the Securities Exchange Act of 1934 as amended. Forward-looking statements give our current expectations, opinions, beliefs or projections regarding future events and performance. “Maybe”, “may”, “expects”, “projects”, “estimates”, “plans”, “believes”, “estimates”, “should” and some other above-mentioned statements may be considered forward-looking statements. While the Company believes that the expectations reflected in such forward-looking statements are reasonable, they involve risks and uncertainties that could cause actual future operations and results to differ materially from those proposed or disclosed in this news release. Factors that could cause such a difference include the risks and uncertainties associated with our need for additional capital that may not be available in commercially acceptable terms, raising questions about our ability to continue as a going concern; The fact that the COVID-19 pandemic has had and is expected to have a material adverse impact on the travel industry and our business, results of operations and liquidity; amounts owed to us by third parties that may not be paid on time; certain amounts we owe under outstanding debts that are substantially secured by all of our assets and the penalties we may incur in connection with them; we have significant indebtedness that could adversely affect our business and financial condition; Uncertainty and lack of liquidity, which may adversely affect our ability to obtain credit and financing on acceptable terms in the credit and capital markets and adversely affect the financial strength of our business partners; The officers and directors of the Company have significant influence and voting control over the Company; shareholders may be significantly diluted through our efforts to raise financing, fulfill obligations, and complete acquisitions through the issuance of additional shares of our common or preferred stock; our business may suffer if we fail to adapt to changes in technology; our travel business is heavily dependent on property owners and renewing managers; our ability to compete may suffer if we do not adequately protect our intellectual property; our long-term success depends in part on our ability to expand our owner, manager, and traveler bases outside the United States, and as a result, our business is open to risks associated with international operations; Adverse changes or comments in government regulations or taxation of the evolving ALR, Internet and e-commerce sectors that could harm our results of operations; Risks associated with the operations, operations and regulation of our recent acquisitions of Longroot Holding (Thailand) Company Limited (Longroot), HotPlay Enterprise Limited (HotPlay) and NextBank International (formerly IFEB); the market in which we participate is highly competitive and therefore we may not be able to compete successfully with our current or future competitors; our potential to fail to adapt to changes in technology that could harm our business; the volatility of our stock price; risks associated with the integration of HotPlay, Longroot and IFEB operations, which are acquisitions with which we have competed recently; the fact that we may be liable for the activities of our owners and managers that could damage our reputation and increase our operating costs; and that we have incurred significant losses to date and need additional capital that may not be available in commercially acceptable terms. More information on the risks and uncertainties that NextPlay faces includes “Risk” headings in its periodic reports to the SEC, including from time to time NextPlay’s latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. detailed below. Factors”. These reports are available at: www.sec.gov. Other unknown or unforeseen factors may also have material adverse effects on the future results of the Company and/or cause our actual results and financial condition to differ materially from those set forth in the forward-looking statements. Investors are cautioned that forward-looking statements are not a guarantee of future performance and actual results or developments may differ materially from those projected. Forward-looking statements in this press release are made only as of the date set forth herein. The Company has no obligation to update or correct its own forward-looking statements, except as required by law or by third parties for whom the Company has not been paid. If we update one or more forward-looking statements, it should not be inferred that we will make additional updates to these or other forward-looking statements.
Source: NextPlay Technologies, Inc.
Corporate Development Director
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