CARLSBAD, Calif., July 29, 2019 /PRNewswire/ -- NTN Buzztime,
Inc. (NYSE American: NTN), signed an agreement with Diversified
Restaurant Holdings to extend its entertainment services for 64
Buffalo Wild Wing franchises through December 2020.
"Buffalo Wild Wings franchisees understand the draw of Buzztime
Entertainment," said Ram Krishnan, NTN Buzztime CEO. "They
know Buzztime helps increase their monthly revenue by attracting a
loyal clientele. In fact, during tests when Buzztime was
removed from the premises, Buzztime players took their business
elsewhere. Therefore, many of the 580 Buffalo Wild Wing franchisees
are evaluating continuing their Buzztime subscriptions. Already,
one of the largest Buffalo Wild Wing franchise owners, Diversified
Restaurant Holdings, extended 64 venues for another year with some
locations converting to a mobile only based experience. We
hope they are the first of many franchisees to protect their patron
experience as well as take advantage of our new mobile and capital
light offering."
"We are excited about both the partnership and the outlook for
Buzztime," Ram continued. "Our summer Trivia for Cash
competition is already on pace to exceed the number of games played
by 100% vs our previous highest month, and our recent Nielsen study
highlights that 7 of 10 players are more likely to choose a venue
with Buzztime and visit frequently, to the tune of 3 times over a
4-week period."
Forward-looking Statements
This release
contains forward-looking statements that reflect management's
current views of future events and operations, including statements
regarding the increase in franchisee revenue from clientele
loyalty, the Company's hope to extend its relationship with Buffalo
Wild Wings franchisees, and player engagement. These risks
and uncertainties include the risks of unsuccessful execution or
launch of products, platforms or brands, risks associated with
customer retention and growth plans, the impact of alternative
entertainment options and technologies and competitive products,
brands, technologies and pricing, adverse economic conditions, the
regulatory environment and changes in the law, failure of customer
and/or player acceptance or demand for new or existing products,
lower market acceptance or appeal of both existing and new products
and services by particular demographic groups or audiences as a
whole, termination of partnership and contractual relationships and
technical problems or outages. Please see NTN Buzztime, Inc.'s
recent filings with the Securities and Exchange Commission for
information about these and other risks that may affect the
Company. All forward-looking statements included in this release
are based on information available to us on the date hereof. These
statements speak only as of the date hereof and NTN Buzztime, Inc.
does not undertake to publicly update or revise any of its
forward-looking statements, even if experience or future changes
show that the indicated results or events will not be
realized.
About Buzztime:
Buzztime (NYSE American: NTN) delivers
interactive entertainment and innovative technology that helps its
customers acquire, engage and retain its patrons. Most frequently
used in bars and restaurants in North
America, the Buzztime tablets, mobile app and technology
offer engaging solutions to establishments that have guests who
experience dwell time, such as casinos, senior living, and more.
Casual dining venues license Buzztime's customizable solution to
differentiate themselves via competitive fun by offering guests
trivia, card, sports and arcade games. Buzztime's platform creates
connections among the players and venues and amplifies guests'
positive experiences. Buzztime's in-venue TV network creates
one of the largest digital out of home ad audiences in the US and
Canada. Buzztime games have also been recently licensed by
other businesses serving other markets. For more
information, please visit http://www.buzztime.com or follow us
on Facebook or Twitter @buzztime.
IR AGENCY CONTACT:
Kirsten
Chapman, LHA Investor Relations, buzztime@lhai.com
415-433-3777
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SOURCE NTN Buzztime, Inc.