B2Digital Reports 126% Q/Q Topline Growth, Projects Current Quarter Acceleration, Major Expansion in Fitness Facility Strategy
December 03 2020 - 10:00AM
InvestorsHub NewsWire
December 3, 2020 -- InvestorsHub NewsWire --
B2Digital Incorporated (the “Company” or “B2Digital”) (OTCMKTS:BTDG),
the premier development league for mixed martial arts (“MMA”), is
excited to update shareholders on the Company’s outlook and the
accelerating organic and strategic growth underway in its Gym
segment, as well as its performance related to this strategy during
the three months ended September 30, 2020, and its expectations for
related performance during the current quarter ending December 31,
2020, and beyond.
Note that projections and guidance outlined below
assume an absence of further regulatory lockdowns related to
Covid-19 as well as the widespread distribution of a safe and
effective vaccine during 2021.
“Based on the strategy we have in place – and the
assumption that we don’t see major new pandemic-related shutdowns
that impact the business – we are targeting $4-5 million on the
topline over the rolling forward next twelve months,” commented
Greg P. Bell, CEO of B2Digital. “This is based on the growth we are
seeing now and the continued successful implementation of the
company’s roll-up strategy in our Fitness Facility segment, which
is the real breadwinner in our broad vision. We are already on pace
to more than double the topline on a sequential quarterly basis
into year-end.”
During the three months ended September 30, 2020,
B2Digital saw a 76% jump in Gym revenues on a sequential quarterly
basis. In addition, the Company increased overall revenues across
segments totaling topline growth on a sequential quarterly basis
during the quarter of 126%. Management also notes that, based on
performance thus far and an assumption of no new pandemic-related
shutdowns relevant to its current fitness facility operations, it
projects a pace to achieve double the top line revenue in Q3
compared to Q2 of this year for the three months ending December
31, 2020.
In
addition, the Company plans to continue its roll-up strategy in the
fitness facility market over the coming twelve months. The
Company’s objective is to acquire one to two new gym facilities
every quarter with our goal to increase these acquisitions as the
spread of Covid-19 decreases nationally. Thus far, each acquisition
the Company makes in the fitness facility space is believed to
represent at least $400K per year in rolling forward next
twelve-month revenues based on past historical
performance.
At
this pace, given current metrics and assumptions, including no
major return of mandated pandemic-related shutdowns relevant to its
current fitness facilities, the Fitness Facility segment could
achieve just shy of $4 million in revenues over the rolling forward
next twelve months if the company’s acquisition objectives are
executed as planned. Paired with a conservative assumption of $75K
- $100K in monthly revenues from its live MMA events, encompassing
3 planned fights a month at current revenue achievement rates per
fight, the Company believes it has the potential to achieve total
revenues of at least $4 to $5 million over the rolling forward
twelve months.
“Each acquisition we make in the Fitness Facility
space is boosted by our established brand identity as a leader in
the MMA space, which is supported by our positioning and our highly
visible PPV events as the top development league in mixed martial
arts,” continued Bell. “Thus far, we have demonstrated a capacity
to locate and capitalize on undervalued assets in the fitness
facility space, amplifying performance in these assets when we
bring them on board. Our broad vision includes a process of
expansion on a regional and eventually national basis, driving
value through association with our strong and growing brand. So
far, our metrics over recent months unambiguously support this
thesis.”
About B2Digital
Inc.
With extensive background in entertainment,
television, video, and technology, B2Digital (OTC:
BTDG) is now forging ahead and becoming a full-service live
event sports company. Capitalizing on the combination of B2Digital
CEO Greg P. Bell’s expertise and involvement with more than 40,000
live events over his career for major sports leagues and
entertainment venues, B2Digital is in the process of developing and
acquiring MMA and sports-related companies to build an integrated
Premier Development League, Expand the B2 Official Training
Facility Program Network and Continue the growth of the B2 Social
Media Network for the multibillion-dollar mixed martial arts
(“MMA”) industry.
B2Digital intends to create and develop league
champions that will move on to the MMA major leagues from the
Company’s B2 Fighting Series brand. Each year, the top fighters
will be invited to the annual B2 Fighting Series National
Championship live event.
B2Digital has developed and deployed the systems and
technologies for the operation of the B2 Fighting Series, “B2FS”.
This includes social media marketing, event management, digital
ticketing sales, digital video distribution, digital marketing,
PPV, FTV (Free to View), merchandise sales, brand management and
financial control systems. B2Digital owns all rights for TV,
internet, social media, media, merchandising and trademarks, and
branding for the B2Digital
companies.
For more information about B2Digital, visit the
Company’s website at www.b2digitalotc.com.
B2Digital has a growing social media presence. Follow
us on:
Twitter:
@B2digitalOTC
Facebook: https://m.facebook.com/b2digitalotc/
B2Digital: MMA’s Premier Development
League
www.b2digitalotc.com
B2
Fighting Series Pay Per View Link
www.b2mma.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS
This press release contains forward-looking
statements within the meaning of the securities laws. These
statements relate to future events and involve known and unknown
risks, uncertainties and other factors that may cause our actual
results, levels of activity, performance, or achievements to be
materially different from any future results, levels of activity,
performance or achievements expressed or implied by these
forward-looking statements. You should not place undue reliance on
forward-looking statements since they involve known and unknown
risks, uncertainties and other factors which are, in some cases,
beyond our control and which could, and likely will, materially
affect actual results, levels of activity, performance or
achievements. Any forward-looking statement reflects our current
views with respect to future events and is subject to these and
other risks, uncertainties and assumptions relating to our
operations, results of operations, growth strategy and liquidity.
We assume no obligation to publicly update or revise these
forward-looking statements for any reason, or to update the reasons
actual results could differ materially from those anticipated in
these forward-looking statements, even if new information becomes
available in the future.
For more information, please
contact:
information@b2fs.com
Public
Relations:
Tiger Marketing & Branding
Agency
info@TigerGMP.com
www.TigerGMP.com
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