WENZHOU, China, Aug. 12, 2021 /PRNewswire/ -- ZK
International Group Co., Ltd. (Nasdaq:
ZKIN) ("ZKIN", "ZK International" or the
"Company"), is pleased to announce that its portfolio company,
MaximBet, the emerging online sports betting lifestyle brand, today
announced plans to partner with the White Mountain Apache Tribe in
the recently legalized Arizona
sports betting market. This marks the fifth state where MaximBet,
an affiliate of Maxim, the premiere men's lifestyle brand, operates
or plans to launch.
"We are thrilled to partner with the White Mountain Apache Tribe
to bring MaximBet and the renowned Maxim lifestyle experience to
Arizona," said
Daniel Graetzer, CEO of MaximBet. "With some of the best
sporting teams in the country and a highly engaged sports
community, we are confident Arizona will be drawn to our consumer-friendly
app, world-class customer service, and the incredible live events
we are planning for the State."
In Arizona, the White Mountain
Apache Tribe and MaximBet have jointly applied to the Arizona
Department of Gaming to secure licensure. If the tribe's license
application is successful, MaximBet will launch quickly in
Arizona. MaximBet is also
launching in Colorado in
September, followed by Iowa,
Indiana and New Jersey, subject to regulatory
approvals.
"The White Mountain Apache Tribe is excited to be partnered with
Carousel Group, MaximBet, and their world-class leadership to
launch an exciting and unique sports betting product for Arizonans.
This partnership will unlock a very important new revenue stream
and is critical to the economic future of the tribe and its 17,000
members," said Brent Kurth, General Manager of Hon-Dah
Resort-Casino, which is owned and operated by the White Mountain
Apache Tribe.
Inspired by Maxim's highly-regarded and ultra-sophisticated
brand identity, MaximBet will offer a sports betting experience
that will delight both novice and experienced players alike with
promotions and odds boosts for fans betting in Arizona. At the same time, the brand will
differentiate by offering real-life exclusive perks that can be
enjoyed only by members of MaximBet.
Mr. Jiancong Huang, Chairman and
CEO of ZK International, stated, "we are extremely excited about
this partnership of MaximBet in the state of Arizona, which comes on the heels of a growing
capital market for online sports betting companies. We
continue to support MaximBet with all their efforts, and today's
partnership with the White Mountain Apache Tribe, is a testament of
MaximBet's commitment in building shareholder value for all
stakeholders."
To learn more about MaximBet, and enter for a chance to win an
epic trip to the Big Game, visit http://www.MaximBet.com.
MaximBet's access to Arizona is
subject to license availability and regulatory approvals.
About ZK International Group Co., Ltd.
ZK International Group Co., Ltd. is a China-based
engineering company building and investing in innovative
technologies for the modern world. With a focus on designing and
implementing next-generation solutions through industrial,
environmental and software engineering, ZKIN owns 28 patents,
21 trademarks, 2 Technical Achievement Awards, and 10 National and
Industry Standard Awards.
ZKIN's core business is to engineer and manufacture patented
high-performance stainless steel and carbon steel pipe products
that effectively deliver high quality, highly-sustainable and
environmentally sound drinkable water to the Chinese, Asia and European markets. ZK
International is Quality Management System Certified (ISO9001),
Environmental Management System Certified (ISO1401), and a National
Industrial Stainless Steel Production Licensee. It has
supplied stainless steel pipelines for over 2,000 projects, which
include the Beijing National Airport, the "Water Cube" and "Bird's
Nest", which were venues for the 2008 Beijing Olympics. ZK
International is preparing to capitalize on the $850 Billion
commitment made by the Chinese Government to improve the quality of
water, which has been stated to be 70% unfit for human
contact.
In 2018, ZKIN established its wholly-owned xSigma Corporation to
develop innovative software solutions that support its core
operations while exploring new opportunities in smart contracts,
distributed ledgers, supply chain management and blockchain
architecture. The xSigma Labs team is made up of world-class
developers and engineers formerly of Facebook, Google, Amazon,
Ripple and 1inch, most recently launching its first DeFi project in
the Fall of 2020.
In March of 2021, ZKIN announced the formation of its new
wholly-owned subsidiary, xSigma Entertainment Limited. It was
established as part of ZK's integrated network of companies focused
on developing and investing in innovative software technology
platforms. xSigma Entertainment's mandate is to acquire assets in
the high-growth US gaming market. Sigma Entertainment aims to
increase shareholder value by targeting and investing in early
stage online gambling businesses that are poised for exponential
growth and exits.
For more information please
visit www.ZKInternationalGroup.com. Additionally,
please follow the Company
on Twitter, Facebook, YouTube,
and Weibo. For further information on the Company's SEC
filings please visit www.sec.gov.
About MaximBet
MaximBet is an immersive entertainment experience, bringing the
best in online betting and the coolest real-world experiences all
onto one platform. MaximBet will give players incredible real life
and virtual access to celebrities, athletes and influencers, and
let guests truly live the Maxim lifestyle wherever they live and
play.
About Carousel Group
Carousel Group (www.carouselgroup.net) is a rapidly
growing licensed sports betting and casino operator established in
2017 with the mission to build a sportsbook focused on building
long-term relationships with customers. Formed by top executives
with more than 100 years of collective experience in the gaming
industry, Carousel Group utilizes proprietary technology to build
personalized betting experiences. The company's core values are to
create a positive impact on the industry through the promotion of
responsible gaming and practicing corporate social responsibility
while delivering exceptional betting experiences. In September 2021, Carousel Group will formally
launch MaximBet, a multi-platform destination that will totally
redefine the online gaming experience for fans across sports and
Casino.
Safe Harbor Statement
This news 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,
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. Without limiting the generality of the foregoing, words
such as "may," "will," "expect," "believe," "anticipate," "intend,"
"could," "estimate" or "continue" or the negative or other
variations thereof or comparable terminology are intended to
identify forward-looking statements. In addition, any statements
that refer to expectations, projections or other characterizations
of future events or circumstances are forward-looking statements.
These forward-looking statements are not guarantees of future
performance and are subject to certain risks, uncertainties and
assumptions that are difficult to predict and many of which are
beyond the control of ZK International. Actual results may
differ from those projected in the forward-looking statements due
to risks and uncertainties, as well as other risk factors that are
included in the Company's filings with the U.S. Securities and
Exchange Commission. Although ZK International believes that
the assumptions underlying the forward-looking statements are
reasonable, any of the assumptions could prove inaccurate and,
therefore, there can be no assurance that the results contemplated
in forward-looking statements will be realized. In light of
the significant uncertainties inherent in the forward-looking
information included herein, the inclusion of such information
should not be regarded as a representation by ZK International or
any other person that their objectives or plans will be achieved.
ZK International does not undertake any obligation to revise the
forward-looking statements contained herein to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
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SOURCE ZK International Group Co., Ltd.