via InvestorWire -- Lottery.com, a leading platform that allows its
users to play the lottery online, today announces that it has been
featured in a broadcast via NetworkNewsAudio (NNA), a solution that
delivers additional visibility, recognition and brand awareness in
the investment community via distribution to thousands of
syndication points. The audio press release covers Lottery.com’s
recent entry into a binding agreement to acquire Mexican lottery
companies JuegaLotto and Aganar in an effort to expand its
operations to Mexico and throughout Latin America.
To hear the audio production, visit:
https://www.nnw.fm/4gsdv
To read the original press release,
visit: https://www.nnw.fm/68t0c
“These acquisitions will mean significant inroads for
Lottery.com throughout Mexico and Latin America as we expand our
international operations, expand our portfolio of products, and
expose our domestic products to new markets,” stated Tony DiMatteo,
CEO of Lottery.com. “Their combined established presence and
experience in the gaming industry further enhances our vision of
being the premier global marketplace for games of chance.”
JuegaLotto is federally licensed to sell international lottery
games in Mexico through an authorized federal gaming portal and is
licensed for games of chance in other countries throughout Latin
America. Aganar is licensed to sell Mexican National Lottery draw
games, instant win tickets and other games of chance online with
access to a federally approved online casino and sportsbook gaming
license.
The Latin American lottery industry is valued at approximately
$9.8 billion across 26 countries. JuegaLotto and Adanar address a
combined market that includes roughly 652 million people and
potential customers.
Lottery.com’s entry into this binding agreement highlights the
company’s recent efforts to promote international expansion and
represents the very early stages of Lottery.com’s long term
strategy to enter additional markets through both partnerships and
M&A. Closing of the acquisition is subject to standard closing
conditions.
On February 22, 2021, Lottery.com entered into a definitive
agreement with Trident Acquisitions Corp. (NASDAQ: TDAC) (NASDAQ:
TDACU) (NASDAQ: TDACW) to become a publicly traded company on the
Nasdaq. Trident and the company published an investor presentation
relating to the proposed business combination on a Current Report
on Form 8-K with the U.S. Securities and Exchange Commission
(“SEC”), available publicly on the SEC’s website at
www.sec.gov.
About Lottery.com
Lottery.com is an Austin, TX-based company enabling consumers to
play state-sanctioned lottery games from their home or on the go in
the U.S. and internationally. The company works closely with state
regulators to advance the lottery industry, providing increased
revenues and better regulatory capabilities, while capturing
untapped market share, including millennial players. Lottery.com is
also gamifying charitable giving to fundamentally change how
nonprofits engage with their donors and raise funds. Through its
WinTogether.org platform, the company offers charitable donation
sweepstakes to incentivize donors to take action by offering once
in a lifetime experiences and large cash prizes. For more
information, visit the company’s website at www.lottery.com
About NetworkNewsAudio
NetworkNewsAudio (“NNA”), one of 50+ brands within the
InvestorBrandNetwork (“IBN”), allows you to sit back and listen to
market updates, CEO interviews and AudioPressRelease (“APR”)
productions. These audio clips provide snapshots of position,
opportunity and momentum. NNA can assist by cutting through the
overload of information in today's market, while bringing its
clients unparalleled visibility, recognition and brand awareness.
IBN is where news, content and information converge. IBN is a
comprehensive provider of news aggregation and syndication,
enhanced press release services and a full array of social
communication solutions. As a multifaceted financial news and
distribution company with an extensive team of journalists and
writers, IBN has the unparalleled ability to reach a wide audience
of investors, consumers, journalists and the general public with an
ever-growing distribution network of 5,000+ key syndication outlets
across the nation.
For more information, visit: www.NetworkNewsAudio.com
Please see full terms of use and disclaimers on the
InvestorBrandNetwork website applicable to all content provided by
IBN, wherever published or re-published:
http://IBN.fm/Disclaimer
About Lottery.com
Lottery.com is an Austin, TX-based company
enabling consumers to play state-sanctioned lottery games from
their home or on the go in the US and internationally. The Company
works closely with state regulators to advance the lottery
industry, providing increased revenues and better regulatory
capabilities, while capturing untapped market share, including
millennial players. Lottery.com is also gamifying charitable giving
to fundamentally change how nonprofits engage with their donors and
raise funds. Through their WinTogether.org platform, they offer
charitable donation sweepstakes to incentivize donors to take
action by offering once in a lifetime experiences and large cash
prizes.
Important Information and Where to Find it
In connection with the proposed business combination, Trident
Acquisitions Corp. (“Trident”), expects to file a registration
statement on Form S-4 (the “Registration Statement”) that will
include a preliminary proxy statement with the U.S. Securities and
Exchange Commission (“SEC”) for the solicitation of proxies from
Trident's shareholders. Additionally, Trident will file other
relevant materials with the SEC in connection with the proposed
business combination. Copies may be obtained free of charge at the
SEC's web site at www.sec.gov. A definitive proxy statement will be
mailed to Trident shareholders as of a record date to be
established for voting on the proposed business combination.
Investors and security holders of Trident are urged to read the
Registration Statement and the other relevant materials when they
become available before making any voting decision with respect to
the proposed business combination because they will contain
important information about the business combination and the
parties to the business combination. The information contained on,
or that may be accessed through, the websites referenced in this
press release is not incorporated by reference into, and is not a
part of, this press release.
Forward-Looking Statements
The information in this press release includes “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. All statements, other than statements of
present or historical fact included in this press release,
regarding the proposed business combination between Trident and
Lottery.com, Trident and the Company’s ability to consummate the
transactions, the benefits of the transactions, the Company’s
estimated growth, operational and state expansion, and the combined
company’s future financial performance, as well as the combined
company’s strategy, future operations, estimated financial
position, estimated revenues and losses, projected costs,
prospects, plans and objectives of management are forward-looking
statements. When used in this press release, the words “could,”
“should,” “will,” “may,” “believe,” “anticipate,” “intend,”
“estimate,” “expect,” “project,” the negative of such terms and
other similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
such identifying words. These forward-looking statements are based
on management’s current expectations and assumptions about future
events and are based on currently available information as to the
outcome and timing of future events. Except as otherwise required
by applicable law, the Company disclaims any duty to update any
forward-looking statements, all of which are expressly qualified by
the statements in this section, to reflect events or circumstances
after the date of this press release. The Company cautions you that
these forward-looking statements are subject to numerous risks and
uncertainties, most of which are difficult to predict and many of
which are beyond the control of either Trident or the Company. In
addition, the Company cautions you that the forward-looking
statements contained in this press release are subject to the
following factors: (i) the occurrence of any event, change or other
circumstances that could delay the business combination or give
rise to the termination of the agreements related thereto; (ii) the
outcome of any legal proceedings that may be instituted against
Trident or the Company following announcement of the proposed
business combination; (iii) the inability to complete the business
combination due to the failure to obtain approval of the
stockholders of Trident, or other conditions to closing in the
business combination agreement; (iv) the risk that the proposed
business combination disrupts the Company’s current plans and
operations as a result of the announcement of the transactions; (v)
the Company’s ability to realize the anticipated benefits of the
business combination, which may be affected by, among other things,
competition and the ability of the Company to grow and manage
growth profitably following the business combination; (vi) costs
related to the business combination; (vii) risks related to the
rollout of the Company’s business and the timing of expected
business milestones; (viii) the Company’s dependence on obtaining
and maintaining lottery retail licenses or consummating partnership
agreements in various markets; (ix) the Company’s ability to
maintain effective internal controls over financial reporting,
including the remediation of identified material weaknesses in
internal control over financial reporting relating to segregation
of duties with respect to, and access controls to, its financial
record keeping system, and the Company’s accounting staffing
levels; (x) the effects of competition on the Company’s future
business; (xi) risks related to the Company’s dependence on its
intellectual property and the risk that the Company’s technology
could have undetected defects or errors; (xii) changes in
applicable laws or regulations; (xiii) the COVID-19 pandemic and
its effect on the Company and the economy generally; (xiv) risks
related to disruption of management time from ongoing business
operations due to the proposed business combination; (xv) risks
relating to privacy and data protection laws, privacy or data
breaches, or the loss of data; and (xvi) the possibility that the
Company may be adversely affected by other economic, business,
and/or competitive factors. Should one or more of the risks or
uncertainties described in this press release materialize or should
underlying assumptions prove incorrect, actual results and plans
could differ materially from those expressed in any forward-looking
statements. Additional information concerning these and other
factors that may impact the operations and projections discussed
herein can be found in the reports that Trident has filed and will
file from time to time with the SEC, including its Annual Report on
Form 10-K for the fiscal year ended December 31, 2019. Trident’s
SEC filings are available publicly on the SEC’s website at
www.sec.gov.
Participants in the Solicitation
Trident and its directors and officers may be deemed
participants in the solicitation of proxies of Trident's
shareholders in connection with the proposed business combination.
Lottery.com and its officers and directors may also be deemed
participants in such solicitation. Security holders may obtain more
detailed information regarding the names, affiliations and
interests of certain of Trident's executive officers and directors
in the solicitation by reading Trident's Annual Report on Form 10-K
for the fiscal year ended December 31, 2019, and the Proxy
Statement and other relevant materials filed with the SEC in
connection with the business combination when they become
available. Information concerning the interests of Trident's
participants in the solicitation, which may, in some cases, be
different than those of their stockholders generally, will be set
forth in the proxy statement relating to the business combination
when it becomes available.
No Offer or Solicitation
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities or constitute a
solicitation of any vote or approval.
Corporate Communications:
InvestorBrandNetwork (IBN) Los Angeles, California
www.InvestorBrandNetwork.com310.299.1717 Office
Editor@InvestorBrandNetwork.com
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