B2Digital Issues Shareholder Letter Outlining the Path Ahead
August 06 2020 - 8:35AM
InvestorsHub NewsWire
Tampa, FL -- August 6, 2020 -- InvestorsHub NewsWire
-- B2Digital Incorporated (the “Company” or “B2Digital”) (OTCMKTS:BTDG),
the premier development league for mixed martial arts (“MMA”),
issues the following letter to shareholders on behalf of the
CEO:
Dear Valued
Shareholder,
Allow me to begin today by expressing our most
sincere gratitude to our faithful shareholders for your loyalty,
patience, and commitment. Today, I would like to provide you with a
more thorough and detailed understanding of our vision, our current
status and near-term prognosis, further insights into our emerging
model, what we have recently accomplished, and what we are focused
on achieving next.
First off, we are extremely excited about the path
ahead, and about returning to our pre-Covid operating assumptions,
when we were just starting to ride a path of momentum defined by
large double-digit sequential quarterly topline
gains.
Our vision remains intact. The MMA revolution is a
sticky, long-term growth thesis that isn’t going anywhere, and
B2Digital has positioned itself as the premier development
foundation for hardcore fans and top fighters destined for eventual
superstardom. We look forward to resuming our core trend of
doubling our live event and social media audience consistently on a
quarterly basis.
The path ahead is defined by growth potential for
B2Digital, and we are excited about the value we believe we will
offer new prospective shareholders, with the Company positioned as
an emerging leader in a high-growth industry on an equity
foundation built of a light share structure and a market
capitalization still under $3
million.
I
also want to acknowledge the crisis that has dominated the live
sports and fitness industry over past months. I couldn’t be more
proud of how the B2Digital team has weathered that process,
maintaining our stability and finding creative and powerful
strategies to build present and future
growth.
I
firmly believe that, with the benefit of hindsight, the steps we
have taken to diversify and mitigate the damage will demonstrate to
the marketplace that this period has actually been a strong net
long-term positive for B2Digital and its shareholders. Across many
industries, the economic fallout we have seen over recent months is
both crisis and opportunity.
For our part, we have become more flexible, more
diversified, more determined, and better situated for future growth
based on the assets we have picked up, including in our One More
Gym B2 Official Training Facility division. Equipment, space, and
productive resources relevant to our long-term positioning and
success have been dumped onto the market at rock-bottom pricing,
and we have thankfully been in a position to reinforce our
foundation in the process and our growth potential as a
result.
In
addition, we have created new revenue opportunities. A terrific
example is our move to launch our new “B2 Grappling Series” of LIVE
Tournament Events this fall. This is not a true innovation because
the market already exists. We have seen examples of tournaments in
the grappling space – funded by participant-athlete entrance fees –
that have brought in tens of thousands in cash flows with very
little overhead.
We
have a strong foundation for marketing and recruiting for these
events. And they function synergistically with our other training,
equipment, gym and fight operations, so the customer acquisition
flows from both directions. In addition, this line grants us a
deeper pipeline as we form relationships with potential top-tier
fighters at an earlier stage, helping them succeed, which in turn
helps B2Digital and its shareholders succeed. This is a win-win
outcome for everyone involved.
The series will also mobilize our live event
technology and operational apparatus, which has been underutilized
in recent months due to the health
crisis.
Looking ahead, as noted above, the crisis won’t last
forever. And we are already starting to prepare for the gradual
process of moving back to our pre-covid operational assumptions. We
are geographically flexible as well, which means we will have
access to markets that come back to full strength ahead of others,
and we plan to capitalize on this factor in the months
ahead.
On
a more general note, we are positioned right now to benefit from
the world as it is: we offer the value of an active healthy
lifestyle. And that’s what people are most focused on right now.
But we are also now extremely well positioned for the world as it
will be down the road, when a wave of pent-up demand for live MMA
action returns at above-full-volume, and we have widened and
deepened our foundational resources for
capitalizing.
Finally, we have begun working with the excellent
team at Tiger Global Management to increase our presence and
visibility on social and digital media. We believe in our vision at
B2Digital and feel it is in our shareholders’ best interests to
tell our story to the world as we build toward powerful performance
and tangible results.
To
that end, we have committed ourselves to the task of getting our
message out to our current and prospective shareholders and to the
public at large aggressively and with complete
transparency.
As
always, thank you for your continued support and commitment, and I
look forward to updating you again very
soon.
Best Regards,
Greg P. Bell
Chairman & CEO of
B2Digital
For more information about B2Digital, visit the
Company’s website at https://www.b2digitalotc.com.
About B2Digital
Inc.
With extensive background in entertainment,
television, video and technology, B2Digital (OTC:
BTDG) is now forging ahead and becoming a full-service live
event sports company. Capitalizing on the combination of B2Digital
CEO Greg P. Bell’s expertise and involvement with more than 40,000
live events over his career for major sports leagues and
entertainment venues, B2Digital is in the process of developing and
acquiring MMA and sports-related companies to build an integrated
Premier Development League, Expand the B2 Official Training
Facility Program Network and Continue the growth of the B2 Social
Media Network for the multibillion-dollar mixed martial arts
(“MMA”) industry.
B2Digital intends to create and develop league
champions that will move on to the MMA major leagues from the
Company’s B2 Fighting Series brand. Each year, the top fighters
will be invited to the annual B2 Fighting Series National
Championship live event.
B2Digital has developed and deployed the systems and
technologies for the operation of the B2 Fighting Series, “B2FS”.
This includes social media marketing, event management, digital
ticketing sales, digital video distribution, digital marketing,
PPV, FTV (Free to View), merchandise sales, brand management and
financial control systems. B2Digital owns all rights for TV,
internet, social media, media, merchandising and trademarks, and
branding for the B2Digital
companies.
B2Digital: MMA’s Premier Development
League
www.b2digitalotc.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS
This press release contains forward-looking
statements within the meaning of the securities laws. These
statements relate to future events and involve known and unknown
risks, uncertainties and other factors that may cause our actual
results, levels of activity, performance, or achievements to be
materially different from any future results, levels of activity,
performance or achievements expressed or implied by these
forward-looking statements. You should not place undue reliance on
forward-looking statements since they involve known and unknown
risks, uncertainties and other factors which are, in some cases,
beyond our control and which could, and likely will, materially
affect actual results, levels of activity, performance or
achievements. Any forward-looking statement reflects our current
views with respect to future events and is subject to these and
other risks, uncertainties and assumptions relating to our
operations, results of operations, growth strategy and liquidity.
We assume no obligation to publicly update or revise these
forward-looking statements for any reason, or to update the reasons
actual results could differ materially from those anticipated in
these forward-looking statements, even if new information becomes
available in the future.
For more information, please
contact:
information@b2fs.com
Public
Relations:
Tiger Global
Management
info@TigerGMP.com
www.TigerGMP.com
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