BITNILE.COM Announces Beta Launch of Social Gaming on Its Metaverse Platform with Roulette Public Release Expected this Week
May 01 2023 - 9:11AM
BitNile Metaverse, Inc. (Nasdaq: BNMV) (“
BitNile
Metaverse” or the “
Company”), the company
operating the rapidly growing virtual world, BITNILE.com (the
“
Platform”) affiliated with Ault Alliance, Inc.,
announced the Beta launch of Roulette with the public release
expected this week.
Roulette is the first of many social games
expected to be released on the Platform that offer real-world money
prizes through a sweepstakes model. Sweepstakes are only open to
residents of the United States (excluding residents of Idaho and
Washington) who are at least eighteen (18) years old or the age of
majority in their jurisdiction (whichever occurs later) at the time
of entry. Participation is void where prohibited by law.
BitNile Metaverse, through its wholly owned
subsidiary BitNile.com, Inc. (“BNI”), owns and
operates the Platform.
“Reaching one million engaged users was our
first major milestone,” said Douglas Gintz, President of BNI. “The
launch of roulette should be viewed as a confirmation of our prior
statements that it’s worth sticking around to see what comes next.
After all, we’re just getting started. Expect more games, live
streaming events, and unique experiences only possible in the
metaverse.”
Launched on March 1, 2023, the Early Release
version of the Platform provides a preview of the foundational
world and related activities. New features and functionality will
be added from time to time, as rapidly as weekly, including social
gaming, eCommerce, live streaming entertainment, and social
networking.
Users can access and explore the early-access
version of the Platform and receive updates by visiting
https://BITNILE.com. If interested in participating in the
BITNILE.COM Beta Program, users should visit
https://offer.bitnile.com/beta-program.
About BitNile Metaverse,
Inc.
Founded in 2011, BitNile Metaverse (Nasdaq:
BNMV) owns 100% of BitNile.com, Inc., including the BITNILE.COM
metaverse platform. The Platform, which went live to the public on
March 1, 2023, allows users to engage with a new social networking
community and purchase both digital and physical products while
playing 3D immersive games. In addition to BitNile.com, Inc.,
BitNile Metaverse also owns three non-core subsidiaries either
directly or indirectly: approximately 66% of Wolf Energy Services
Inc. (OTCQB: WOEN) indirectly; 100% of Zest Labs, Inc. directly;
and approximately 89% of Agora Digital Holdings Inc. directly.
BitNile Metaverse also owns approximately 70% of White River Energy
Corp (OTCQB: WTRV).
Forward-Looking Statements
This press release contains “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended These forward-looking statements generally
include statements that are predictive in nature and depend upon or
refer to future events or conditions, and include words such as
“believes,” “plans,” “anticipates,” “projects,” “estimates,”
“expects,” “intends,” “strategy,” “future,” “opportunity,” “may,”
“will,” “should,” “could,” “potential,” or similar expressions.
Statements that are not historical facts are forward-looking
statements. Forward-looking statements are based on current beliefs
and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made,
and neither Ault Alliance nor BitNile Metaverse undertakes any
obligation to update any of these statements publicly in light of
new information or future events. Actual results could differ
materially from those contained in any forward-looking statement as
a result of various factors. In addition to risks relating to the
acceptance of the Platform by individuals, competition with much
larger companies operating metaverses and BitNile Metaverse’s
ability to raise capital, investors should review risk factors,
that could affect either or both of the Ault Alliance’s and BitNile
Metaverse’s respective businesses and financial results which are
included in Ault Alliance’s and BitNile Metaverse’s respective
filings with the U.S. Securities and Exchange Commission,
including, but not limited to, their respective Forms 10-K, 10-Q
and 8-K. All such filings are available at www.sec.gov and on the
companies’ websites at www.Ault.com and www.bitnile.net,
respectively.
ContactsBitNile
Metaverse Investor Contact:investorrelations@bitnile.net
or 1-800-762-7293
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