TORONTO, Dec. 29, 2020 /CNW/ - NEW WAVE HOLDINGS CORP.
(the "Company" or "New Wave") (CSE: SPOR) (FWB: 0XM2) (OTCPK:
TRMNF) an investment issuer that provides capital and support
services, announced it is pleased to congratulate the Real Luck
Group Ltd. (TSXV: LUCK), doing business as "Luckbox", on its
December 16, 2020 successful listing
and overall business success.
New Wave is pleased to announce its investment within Luckbox at
$0.275 is now trading at $0.96. This represents a 249% increase over the
purchase price.
New Wave will be retaining its position in Luckbox and has
confidence that the Company will continue to strengthen as they
execute on their business plan.
ABOUT REAL LUCK GROUP LTD. (doing business as "Luckbox")
(TSXV: LUCK)
Real Luck Group Ltd, trading as Luckbox, offers legal,
real-money betting, live streams and stats on 13 esports on desktop
and mobile. Luckbox was built by a team combining vast experience
in the I-gaming industry and a passion for esports to offer players
a unique and legal CS: GO, Dota 2 and League of Legends betting.
Real Time Games Holdings Limited – the company behind the Luckbox
brand – holds a full licence under the Online Gambling Regulation
Act (OGRA), issued by the Isle of Man Gaming Supervision
Commission. Luckbox is committed to supporting responsible
gambling.
Luckbox is an emerging esports betting operator with the
ambition to become a leader in esports betting. As at the date
hereof, Luckbox has developed a technology platform and created a
single offering, namely, an online, general betting book with fixed
odds to bet on esports. The Isle of Man
Licence enables Luckbox to offer multiple other forms of
gaming and the intention is to add both traditional sports betting
and casino to the Platform within the next 12 months.
Luckbox has assembled a management team with a proven track
record of delivering profitable gaming businesses. The existing
structure of the business allows the building of the Platform, a
major long-term asset - particularly the front end which is
entirely bespoke. To deliver this, Luckbox, maintains a full
modern, agile product and technology team in its largest office in
Plovdiv, Bulgaria. All marketing,
risk management, fraud, security and customer support - all the
customer facing elements of a sportsbook - are done in-house to
ensure a fully end-to-end serviced brand experience
ABOUT NEW WAVE HOLDINGS CORP.
New Wave Holdings Corp. (CSE: SPOR, FWB: 0XM2, OTCPK: TRMNF) is
an investment issuer focused on the burgeoning CBD, mushroom based
and psychedelic sectors and support for adaptive and progressive
mental health products and therapies. In the psychedelic sector,
New Wave will focus on supporting research on active
non-psychoactive based psychedelic compounds, creation of consumer
products and developing an IP portfolio focusing on psilocybin,
LSD, MDMA, and ketamine derived treatments for neuropsychiatric
diseases. New Wave also contains various plant based organic health
and beauty products within its portfolio of non-psychoactive plants
and fungi as it continues to expand its product distribution
through vertical integration to provide end to end solutions by
leveraging a high margin business model. New Wave Holdings Ltd.
also includes several legacy esports holdings/assets which includes
'Luckbox'.
Investors interested in connecting with New Wave Holdings can
learn more about the company and contact the team at
http://newwavecorp.com
Information relating to Real Luck Group Ltd., contained in this
news release was provided by Real Luck Group Ltd. and/or its agent
and has not been independently verified by the Company. The Company
does not take responsibility for the accuracy of such
information.
The CSE has not in any way passed on the merits of the
Acquisition, and neither has approved nor disapproved the contents
of this press release. Neither the CSE nor its Market Regulator (as
that term is defined in the policies of the CSE) accepts
responsibility for the adequacy or accuracy of this
release.
FORWARD-LOOKING INFORMATION DISCLAIMER
Certain statements contained in this news release may constitute
forward–looking information, including but not limited to,
applicable regulatory approval in connection with the Acquisition,
the closing of the Acquisition, expansion of operations, size and
quality of future tournaments and projections regarding attendance
at future events. Forward–looking information is often, but not
always, identified by the use of words such as "anticipate",
"plan", "estimate", "expect", "may", "will", "intend", "should",
and similar expressions. Forward–looking information involves known
and unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those
anticipated in such forward–looking information. The Company's
actual results could differ materially from those anticipated in
this forward–looking information as a result of competitive factors
and competition for investment opportunities, challenges relating
to operations in international markets, transaction execution risk,
changes to the Company's strategic growth plans, and other factors,
many of which are beyond the control of the Company. The Company
believes that the expectations reflected in the forward–looking
information are reasonable based on current expectations and
potential investment pipeline, but no assurance can be given that
these expectations will prove to be correct and such
forward–looking information should not be unduly relied upon. Any
forward–looking information contained in this news release
represents the Company's expectations as of the date hereof and is
subject to change after such date. The Company disclaims any
intention or obligation to update or revise any forward–looking
information whether as a result of new information, future events
or otherwise, except as required by applicable securities
legislation.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/new-wave-applauds-luckboxs-recent-successful-listing-301198765.html
SOURCE New Wave Holdings Corp.