Contagious Gaming Inc. Announces Goal Time Software Platform to Go-Live With Manyx Interactive Ltd.
May 4, 2015 (Source: Marketwired) — NOT FOR DISSEMINATION IN THE US OR THROUGH US NEWSWIRE SERVICES
Contagious Gaming Inc. (TSX VENTURE:CNS), (“Contagious Gaming” or the “Company“) is pleased to announce the launch Goal Time’s online and mobile offering in Nigeria and Ghana via its previously announced license agreement with Manyx Interactive Ltd. (“Manyx“). Goal Time is scheduled for the Barclays Premier League match, Manchester United v Crystal Palace on May 9 at 5:30pm GMT. The initial game will be followed by the Chelsea v Liverpool match on May 10 at 4:00pm GMT and the Arsenal v Swansea City match on May 11 at 8:00pm GMT.
Manyx will launch an initial marketing and promotional program targeted for the above matches. Its strategy will incorporate digital, radio, TV, newsprint, billboards, Facebook, Twitter and SMS communications.
Peter Glancy, CEO and Director, commented: “We are delighted and excited to announce the first launch of our Goal Time software platform into the African continent under our licensing model. Nigeria and Ghana represent two significant soccer markets with a huge following of the Barclays Premier League. The structure of this agreement provides Contagious with additional focus and opportunity to operate Goal Time in our core markets, while we continue to expand our business into other key global soccer markets via our licensing model.”
About the African Market
Africa’s population of 1.1B is one the world’s most passionate fan base with over three quarters of its population said to be interested in soccer, according to TV Sports Market. Nigeria being the world’s most engaged soccer market in the world with 83% of its population interested in soccer (vs 52% in the UK). Nigeria further represents a significant gambling market, as Nigerian’s spend around US$11.3MM each day on betting (US$4.2B annually), according to News Agency of Nigeria.
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Manyx is a provider and aggregator of content to mobile and telecom operators. Manyx is licensed and regulated by the Nigerian Communications Commission, which enables them to provide Goal Time to Mobile Network Operators (“MNO“) which include MTN Group, Airtel Africa, Glo Mobile, and Etisalat. The Territories covered in the License Agreement represent combined MNO subscribers of over 213 million.
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Certain information in this news release is considered forward-looking within the meaning of certain securities laws and is subject to important risks, uncertainties and assumptions. This forward‐looking information includes, among other things, information with respect to the Company’s beliefs, plans, expectations, anticipations, estimates and intentions. The words “may”, “could”, “should”, “would”, “suspect”, “outlook”, “believe”, “anticipate”, “estimate”, “expect”, “intend”, “plan”, “target” and similar words and expressions are used to identify forward‐looking information. The forward-looking information in this news release describes the Company’s expectations as of the date of this news release.
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THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD‐LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.
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