rjunior79
7 years ago
DD fundamentals on Jackpot and I would like to share:
1) First the NR:
Jackpot Enters Into an LOI for the Creation of a Cryptocurrency Affiliate Jan 4, 2018:
https://ceo.ca/@fscwire/jackpot-enters-into-an-loi-for-the-creation-of-a-cryptocurrency
- The Assets include existing cryptocurrency Electrium mining operations located in a former NATO storage facility in Budapest, Hungary which have grown over the last year to over 180 cryptocurrency mining rigs.
- the Seller Group’s management and operating team will assume the direction of Electrium
- plans to significantly scale-up and expand into new facilities in Quebec, Canada.
2) I found Electrium Mining website (And info on CEO: Andrew Szabo): http://www.valhalla-mining.com/
"Andrew G. Szabo, CEO, launched his first internet company in 1996. He co-founded Date.com. Andrew co-founded Valhalla Mining in 2017 and is overseeing the development of artificial intelligence components of Electrium.”
3) I found an old url using way back machine internet archiver from June 2017: https://web.archive.org/web/20170625103531/http://www.valhalla-mining.com:80/results/
They have 180 rigs, therefore:
From the old url page, which was used as a sales page to sell their mining services:
1) they mine bitcoin.
2) in June 2017, one machine was able to mine 0.47425 Bitcoin
3) So at today's bitcoin value ($15,000) it would equal approximately $7100 USD.
4) 180 machines then would amount to $1.28million per month, yearly $15.36Million
5) Total Net Mining Results are calculated with the deduction of management fee
6) $JP market cap is $19Million at the moment.
4) Saw the following forward looking statements on Electrium site also: "The Future of Electrium is Beyond Mining"
Starting 2018:
1) Rigs ordered. Quebec, Canada data center to open Q1/2018
2) 4631 rigs operational Q2/2018
3) First bitcoin ATM placed Q2/2018
4) Trading platform launched / B2B/B2C Q3/ 2018
5) 15,000 rigs operational Q4 / 2018
6) 32,000 Rigs operational Q4 / 2019
7) launch lending business Q4 / 2019
8) launch crypto investment banking, acquire blockchain technologies, lead mining consolidation, target 80K rigs Q4 2020.
Here is a snapshot: http://cdn.ceo.ca/1d59hsr-future-of-electrium-is-beyond-mining.jpg
This is an interesting find! It certainly is an aggressive plan. 80K rigs is a lot!
Hope it all works according to plan!
gonahurt
9 years ago
These guys are the best! SELLING AIR!
20 years of ripping off people, changing names, direction, types of businesses, not honoring their word. This is just the newest pump and dump scam. Bedo and Jake are good at what they do. Read articles about them anywhere, just search. this is posted on Wiki:
Quote from the man Jake
Did Howe Street really change? Isn't this business the same all the time? You have to build a business and you need to promote it. Nobody will buy shares unless you promote it.
Jacob Kalpakian has been successfully promoting Vancouver junior stocks for nine years and Bedo for 16, but they haven't built any successful businesses.
Las Vegas from Home.Com is an example. It started in the mid-1980s as an exploration company named Armeno Resources Ltd. (The Kalpakian family is originally from Armenia).
In subsequent years, the company went through several name changes and countless business ventures, including an American Express affinity card for Armenians.
By the end of last year, it had raised and lost $6.7 million of shareholders' money, including a $25,000 donation to the Canadian embassy in Armenia.
Meanwhile, another Kalpakian company, AG Armeno Mines & Minerals Inc., raised and lost $20 million of shareholders' money, much of it through a hugely-unprofitable silver mine in Ecuador.
Financial statements show the losses were exacerbated by heavy expenditures on stock promotion, most notably by hiring a string of stock touts. They included Ron Irwin Productions of Burbank, Calif.; Nastek Marketing Group of Delaware; Corporate Relations Group Inc., of Florida; Strategic Relations Group, also of Florida; S.A. Advisory of Salt Lake City; BHF Corporate Relations; Financial News Network; WMP Enterprises Inc.; and, James O. Gray of North Vancouver.
However, the promotional effort waned in the face of mounting losses and the company -- now called Golden Nugget Exploration Inc. -- has joined the long list of nearly dormant exploration companies on the CDNX. Even after a 1- for-15 share consolidation, the stock is trading at only 54 cents.
Another Kalpakian company, Trans Atlantic Enterprises Inc, similarly faded into oblivion.
Asked whether any of their public companies have ever made a profit, Bedo said AG Armeno was profitable in 1997.
However, a check of the financial statements show it actually suffered an operating loss that year. It managed to show a profit only after it defaulted on a $3.2 million loan and the lender agreed not to pursue collection. (The loan amount was added back to income, turning the loss into a profit.)
In July 1999, the Kalpakians announced Las Vegas From Home.com -- by this time a nearly-dead exploration company called Bronx Minerals Inc. -- would get into the gaming business by licensing a turnkey gaming system from Starnet Communications International Inc. of Vancouver.
However, the company abandoned that plan after RCMP raided Starnet's offices on grounds it was running an illegal gaming operation.
The company also announced it had acquired an Internet gaming licence from the Republic of Armenia. However, the company decided not to pursue it and the licence has since expired.
The company asked shareholders for permission to spend $800,000 US marketing the company's Web site during the next year and $200,000 to inform brokers and investors of . . . the merits of investing in the company's publicly-trading securities. Some of this money was apparently used to hire Jodi Ann Paterson, Playboy playmate of 2000, and four of her bunny colleagues for Tuesday's event.
The company is now developing its own gaming software through a Antiguan-based subsidiary, Endzone Inc., and plans to license it to third parties.
Jacob said the company has a test site at which people can wager play money only. In about four weeks, he said, they will be able to wager real money.
He said the company will not allow Canadian residents to wager real money because, under Canadian law, it is illegal to do so but he said it will allow American residents to play.
We're not taking bets from them. They are betting against each other, and that's legal under the current laws in the United States.
He said the company will generate revenues by taking a small rake off every hand.
check it out: who? what? where? when?
Item 4.C. Organizational Structure .
The following chart sets forth the Company’s corporate structure:
Lvfh
The Company’s former subsidiaries Touchdown Inc., Endzone Inc., G.T. Enterprises Inc. and Azat Investment LLC were all dissolved in 2003. Action Poker Gaming Inc. is now a wholly owned subsidiary of the Company.
Subsequent to the year ended December 31, 2003, the Company acquired, on April 28, 2004, Action Commerce Limited (UK), a United Kingdom corporation. Action Commerce Limited (UK) is now a wholly owned subsidiary of the Company.
During 2002, the Company developed its own new generation multi-player interactive poker games software which was launched live on-line to the general public under the URL www.tigergaming.com . Upon the live on-line launching ofwww.tigergaming.com ,(check out post from Tiger Gaming Players)
Bronx Ventures Inc.
Colt Capital Corp.
Mountain Capital Inc.
37Capital
and the list goes on
Now they are at it with JackPot Digital! stock at .02
if the Toronto stock exchanges gives them the green light i think it will finally be their downfall. :)
banx1
9 years ago
New fantasy betting horse racing app launched.
This company is changing its name to JackpotDigital--seems fitting.
-------------
Las Vegas From Home.com Entertainment Inc (2)
Symbol C : LVH
Shares Issued 155,996,550
Close 2015-06-05 C$ 0.04
Recent Sedar Documents
View Original Document
Las Vegas From Home launches fantasy horse-racing site
2015-06-08 07:08 ET - News Release
Mr. Jake Kalpakian reports
LVFH TO LAUNCH HORSE RACING CONTEST SITE AT DERBYTOURNAMENTS.COM
Las Vegas From Home.com Entertainment Inc. has launched DerbyTournaments, a brand new fantasy horse-racing website. DerbyTournaments allows players to enter a horse racing contest by picking the horses they think will "win" or "place" from real-life professional racetracks. Winners get paid instantly when their selections score higher than other players in the contest. From expert horse racing enthusiasts to casual fans, players will experience the thrill and excitement of the racetracks in the palm of their hands. DerbyTournaments brings popular racetracks from USA, Canada and Puerto Rico, right to the player's fingertips with a wide selection of daily games and contests. Players can play on their desktop browser, mobile browser, Android app, and iOS app (coming soon). Attractive promotions are available such as freerolls, guaranteed prize pool contests, initial deposit bonuses, referral programs and loyalty points. DerbyTournaments offers a wide variety of secure and convenient payment methods including credit card and Paypal. "We are excited to launch DerbyTournaments to the public on Monday, June 8 following the final leg of the triple crown of horse racing at Belmont Park in New York so that players can register and play for fun," stated Jake H. Kalpakian, President of LVFH. "We expect to allow real money games and contests very soon." LVFH intends to expand DerbyTournaments globally by offering players the ability to choose and play from different racetracks throughout Europe, South America, Australia and Asia. In addition, players will soon be able to see a live video feed of each race while they chat with other players.
About Las Vegas From Home.com Entertainment Inc. Since 1999, LVFH has been a reputable provider of innovative gaming software offering a multitude of multiplayer games, including poker and casino, and is committed to bringing an enjoyable experience to players and delivering great results to operators. Our lengthy track record in gaming software development, financial accountability, and cardroom operations have made us one of the leading software developers in the industry. For more information on the Company, please contact Jake H. Kalpakian, President, at (604) 681-0204 ext 6105, or visit the Company's website at www.lvfh.com. Media/PR Contact:
We seek Safe Harbor.
© 2015 Canjex Publishing Ltd. All rights reserved.
RobertJames
10 years ago
Las Vegas From Home’s (TSX-V: LVH) Software Deployed on Carnival Cruise lines
Guests will be able to wager on their personal mobile devices throughout the ship while in international waters
Vancouver, British Columbia (FSCwire) - Las Vegas From Home.com Entertainment Inc. (the “Company” or “LVFH”) (TSX-V: LVH) (US OTC Pink Sheets: LVFHF) (Frankfurt: LVH). LVFH is pleased to announce that Carnival Corporation has started offering its guests the ability to wager for real money on their mobile devices throughout their ships while in international waters.
The service is already in successful operation on the Carnival Breeze and Carnival Freedom and will be launched shortly on the Carnival Sunshine, with additional installations pending for the Princess Cruises and Holland America Line brands.
The game offerings available on Carnival’s Mobile Casino include a host of best-in-class poker, slot, and table-game content from Bally, LVFH, Play’n’Go and PokerTek. Specifically, LVFH is providing the more popular, well-known games including blackjack, Fun 21, American roulette and Texas Hold’em poker, with additional content to be provided by LVFH in 2015.
“Our games are amongst the most popular played on the ship, and for that reason, the initial results are very promising,” said Jake Kalpakian, Chief Executive Officer of LVFH. “As Carnival increases exposure of the gaming platform to their customers and scales the gaming operation to additional cruise ships, we expect revenue to increase swiftly.
LVFH software utilizes a technology known as HTML5, which allows it to be played within a mobile browser, a downloadable iOS or Android app, or in the browser of a PC or Mac. Special techniques are employed to enhance the user experience, such as the ability to play in portrait or landscape mode on any device, and dynamically adjusting the game to any screen size without compromising game play. This flexibility allows LVFH games to be deployed to any major platform or device without modification, which is an attractive quality to many iGaming operators.
Mr. Kalpakian further stated “the mobile technology platform we created works extremely well on cruise ships, but we also realized that it is perfectly suited toward hotel resorts as well. We are currently in discussions with several hotel resort chains in Mexico to use our platform.”
Mr. Marty Goldman, Senior Vice President of Global Casino Operations for Carnival Corporation said “We’re excited to partner with Bally, LVFH and other content providers to offer our guests a new and thrilling entertainment option that will enhance their experience aboard our ships.” Mr. Goldman further stated “Bally is a leader in the mobile gaming space and offered the best solution for our needs. For the first time, we’re bringing the casino to our guests so they can play their favorite games on their mobile devices when they are lounging by the pool, relaxing in their rooms, or anywhere else onboard.”
About Carnival Corporation & plc
Carnival Corporation & plc is the largest cruise company in the world, with a portfolio of cruise brands in North America, Europe, Australia and Asia, comprised of Carnival Cruise Lines, Holland America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises, Cunard, Ibero Cruises, P&O Cruises (Australia) and P&O Cruises (UK).
Together, these brands operate 101 ships totaling 212,000 lower berths with seven new ships scheduled to be delivered between 2014 and 2016. Carnival Corporation & plc also operates Holland America Princess Alaska Tours, the leading tour companies in Alaska and the Canadian Yukon. Traded on both the New York and London Stock Exchanges, Carnival Corporation & plc is the only group in the world to be included in both the S&P 500 and the FTSE 100 indices.
About Bally Technologies, Inc.
Founded in 1932, Bally Technologies (recently acquired by Scientific Games Corporation (NASDAQ: SGMS) provides the global gaming industry with innovative games, table game products, systems, mobile, and iGaming solutions that drive revenue and provide operating efficiencies for gaming operators. For more information, please visit http://www.ballytech.com. Connect with Bally on Facebook, Twitter, YouTube, LinkedIn, and Pinterest.
About Las Vegas From Home.com Entertainment Inc.
LVFH is a poker, casino and bingo software provider which has been in operation since 1999. LVFH develops and licenses a Remote Gaming System to add gaming content to existing websites, as well as an Interactive Gaming Platform which provides an end-to-end iGaming solution for operators. LVFH’s lengthy track record in gaming software development has made LVFH one of the leading software developers in the industry. Visit us at http://www.lvfh.com
Parabelle
12 years ago
WARNING!
Symbols: LVH .TSX Venture Exchange
LVFHF.OTC Pink
LVH. Berlin & Frankfurt Stock Exchanges
Consolidation of share capital and acquisition of US online gaming agreements
VANCOUVER, BRITISH COLUMBIA. January 11, 2013 - Las Vegas From Home.com Entertainment Inc. (the “Company” or “LVFH”) (OTC Pink: LVFHF) (TSX-V: LVH) (Berlin: LVH) (Frankfurt: LVH). The Company reports that it will be seeking, at a special meeting of its shareholders scheduled for March 12, 2013, shareholder consent to a proposed consolidation of its share capital on the basis of 8 (eight) preconsolidation common shares for 1 (one) postconsolidation common share, and authorization for the board of directors of the Company, at any time within 12 months following the special meeting in its absolute discretion, to determine whether or not to proceed with an approved consolidation without further approval, ratification or confirmation by the shareholders.
Currently, a total of 233,715,045 common shares in the capital of the Company are issued and outstanding. Accordingly, if the consolidation is put into effect, a total of approximately 29,214,381 common shares in the capital of the Company would be issued and outstanding following the consolidation, assuming there are no other changes in the issued capital of the Company. There is currently no maximum number of authorized common shares. The consolidation is being proposed in order to allow the Company greater flexibility in future financings, and is subject to the approval of the shareholders and the TSX Venture Exchange (“TSX.V”). A change of the Company’s name is proposed if the Company proceeds with the consolidation, subject to acceptance for filing by the TSX.V.
The Company further reports that it has entered into a binding letter of intent (the “Binding LOI”) with a U.S. based gaming company whereby the Company shall acquire some of their existing agreements for software development and online gaming. The U.S. based company is in the business of developing online gaming opportunities with established casinos in the U.S.
The Binding LOI and the proposed transaction are subject to certain conditions including, but not limited to, the approval of the TSX Venture Exchange (the “Exchange Approval”).
Pursuant to the Binding LOI, the Company shall:
1) Undergo a share capital consolidation on the basis of 8 (eight) old Company shares for 1 (one) new Company share.
2) In conjunction with the share capital consolidation, the Company shall undergo a name change.
3) On the Closing Date of the proposed transaction, LVFH shall issue to the U.S. based gaming company a certain number of shares in the capital of LVFH which shall be determined by an independent valuation.
4) Subsequent or prior to the Closing Date of the proposed transaction, the Company shall carry out an equity financing.
Mexico Update
The Company is still actively developing its Mexican online opportunity. While it has entered into a number of advanced negotiations with multiple parties, a final transaction has not been concluded. The Company is in the process of finding a suitable established partner or completing a financing so that it can conduct the business by itself, which may require TSX.V approval. The Company expects some sort of definitive news for its Mexican opportunity in Q1 of 2013.
For more information on the Company, please contact Jake H. Kalpakian, President, at (604) 681-0204 ext 6105, or visit the Company’s website at www.lvfh.com.
On behalf of the Board of
Las Vegas From Home.com Entertainment Inc.
“Jake H. Kalpakian”
RobertJames
12 years ago
LVFH: Real Vegas Casino Featured in the New Facebook App Center
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 11, 2012) -Las Vegas From Home.com Entertainment Inc. (the "Company" or "LVFH") (TSX VENTURE:LVH) (PINKSHEETS:LVFHF)(BERLIN:LVH)(FRANKFURT:LVH) The Company is pleased to announce that its social gaming platform, Real Vegas Casino, has been featured among the first 600 applications in the newly launched Facebook App Center. Real Vegas Casino can be found at the App Center page: https://www.facebook.com/appcenter/realvegascasino
Real Vegas Casino has recently surpassed 120,000 monthly active users despite very minimal marketing expenditures. It features a stunning 1080p High Definition user interface, an emphasis on social, multiplayer game play and a full slate of interactive casino games, including Blackjack, Roulette, Sportsbook, Texas Hold'em, and Slots. The recent addition of four new languages, Spanish, Traditional Chinese, Simplified Chinese and Russian, further extends its reach on Facebook, as well as foreign social networks where Facebook is either blocked or not as popular.
Real Vegas Casino is currently listed under the "Trending" category of the Casino games in the App Center. According to Facebook, "Trending" category represents apps that are growing rapidly. The newly launched App Center gives users personalized recommendations, and lets user browse the apps their friends use. The App Center only lists high-quality apps, based on feedback from people who use the app.
"We believe the new Facebook App Center will make it easier for users to find high quality applications such as Real Vegas Casino," President and CEO Jake Kalpakian states, "We have seen growing interest in our application from players and industry leaders. The listing in App Center will further increase our market exposure and attract more users to Real Vegas Casino."
For more information on the Company, please visit the Company's website at www.lvfh.com.
On behalf of the Board of Las Vegas From Home.com Entertainment Inc.
Jake H. Kalpakian, President
SevenTheHardway
13 years ago
NEWS OUT!!
LVFH Launches Sportsbook on Facebook
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 3, 2012) - Las Vegas From Home.com Entertainment Inc. (the "Company" or "LVFH") (TSX VENTURE:LVH)(PINKSHEETS:LVFHF)(BERLIN:LVH)(FRANKFURT:LVH) - Further to the Company's News Release dated March 15, 2012, the Company is pleased to announce the launch of its unique social wagering product ("Product") on Facebook under the Real Vegas Casino brand. The Product is an innovative mix of sports wagering and social gaming mechanics that will appeal to sports fans around the world. Real Vegas Casino and the Product can be found at https://www.facebook.com/realvegas.
The newly launched Product simulates a real world sportsbook by using Las Vegas style real-time wagering odds while allowing players to wager on sporting events with virtual currency. Players can select from a wide range of sports including NBA, NHL, NFL, MLB, MLS, major college sports and European soccer. In addition, the Product provides a full set of social features, allowing players to share bets with friends and/or compete against each other. The Product will continue to be expanded with many innovative social gaming features over the coming weeks to enhance player experience while driving more traffic to Real Vegas Casino.
Real Vegas Casino is an innovative social casino product that provides players with a wide range of social features combined with a comprehensive selection of high quality casino games. Players can try out the games for free and purchase virtual currency in the form of Facebook Credits to extend and enhance their game play enjoyment. Since all payouts are in virtual currency and cannot be redeemed for cash, this business model is legal in most countries including the USA.
The Product is part of the Company's overall strategy to provide a complete suite of wagering games on all major social networks and mobile platforms via the Real Vegas Casino brand. Real Vegas Casino features a stunning 1080p High Definition user interface, an emphasis on social multiplayer game play and a full slate of interactive casino and sports wagering games.
Online sports wagering is a thriving activity on the Internet, but it is still a relatively untapped segment in the social gaming industry. A report published by Global Betting and Gaming Consultants reveals that the online gaming industry is worth $29.3 billion in 2010 with sports betting accounted for 41% of that total.
President and CEO Jake Kalpakian states: "We are very encouraged with the initial results of our social casino application and believe the launch of our sportsbook product will allow the Company to become a dominant player in the social sports wagering market. Our innovative play-for-fun sports wagering product allows users from all over the world to legally participate in this very popular pastime but still very much in its infancy in terms of social gaming. Our early mover advantage in this specific space should allow us to grow both our brand and player database which we can hopefully leverage into other opportunities."
On behalf of the Board of Las Vegas From Home.com Entertainment Inc.
etna2000
14 years ago
Significant PR...Revenue Generating
May 4, 2011 - 6:00 AM EDT
LVFH Enters Into Binding Agreement to Acquire Online Gaming Rights in Mexico
May 4, 2011 (Marketwire) --
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/04/11 -- Las Vegas From Home.com Entertainment Inc. (the "Company" or "LVFH") (TSX VENTURE:LVH)(PINK SHEETS:LVFHF)(BERLIN:LVH)(FRANKFURT:LVH) Further to the Company's news release dated February 7, 2011, the Company is pleased to announce that it has signed an Asset Purchase and Sale Agreement (the "Asset Agreement") to acquire (the "Transaction") a 99% equity interest in Poker from Home de Mexico, S. de R.L. de C.V. ("Poker"), a private company duly incorporated in accordance with the laws of Mexico, resulting in the Company owning a 99% interest in Poker's sole and exclusive right to exploit a certain federal Mexican permit (the "Federal Mexican Gaming Permit") for the development of, and to operate, conduct and take, certain online bets and online casino gaming activities in Mexico.
The Asset Agreement was entered into among the Company, Poker, all of the shareholders of Poker (the "Poker Shareholders"), Entretenimiento de Mexico, S.A. de C.V. ("EMEX") and Producciones Moviles S.A. de C.V. ("Producciones"). Both EMEX and Producciones are private companies incorporated in accordance with the laws of Mexico. EMEX, Producciones and Poker entered into separate previous agreements, resulting in Poker having been granted the sole and exclusive right to operate and conduct online gaming and betting activities, excluding lotteries, in Mexico under the commercial name of PALMASBET (www.palmasbet.com). In addition to the Playboy Casino Cancun, EMEX also operates twenty-two bricks and mortar casinos under the Palmas Group of Casinos (www.palmasgroup.com) brand.
The Federal Mexican Gaming Permit was originally issued to EMEX by the Mexican Secretaria de Gobernacion, Subsecretaria de Gobierno, Unidad de Gobierno, Direccion General Adjunta de Juegos y Sorteos (the "Mexican General Office of Games and Drawings/Lotteries"), and is valid until May 24, 2030.
A copy of the Federal Mexican Gaming Permit can be viewed at the official website of the Mexican General Office of Gambling and Lotteries, at the following web address:
http://www.juegosysorteos.gob.mx/
(For further information or assistance to view the license on the site, please contact andy@lvfh.com).
The Transaction
LVFH has entered into the Asset Agreement to acquire certain online gaming and casino rights by making the following payments, all of which are subject to TSX Venture Exchange (the "Exchange") approval (the "Exchange Approval") and other applicable regulatory authorities.
The Company paid Producciones CAD $1 million as an advanced refundable deposit and will issue Producciones 15 million units (the "Units") of the Company at $0.10 per Unit, with each Unit comprising of one common share and one common share purchase warrant. Each common share purchase warrant shall entitle Producciones to purchase an additional common share at the price of $0.10 in the first year after the issuance date, and at the price of $0.25 in the second year after the issuance date.
EMEX will also be issued 15 million Units under the Asset Agreement. In addition to the Units, EMEX will be issued up to 30 million earn-out common shares (each, a "Bonus Share"), on the condition that one Bonus Share will be issued for each USD $1.00 of net profit that shall be earned by Poker for a period of 3 years from the date of the Exchange Approval. The issuance of the 30 million Bonus Shares can also be accelerated if (i) all of the issued and outstanding securities of the Company are acquired by a third party, (ii) there is a material change in the Modified Operator Services Agreement entered into among EMEX, Producciones and Poker dated March 17, 2011, or (iii) there is a change to the operator of the relevant gaming operations.
The Poker Shareholders will also be paid a cash payment of 2,970,000 Mexican Pesos pro-rata to their respective equity interest in Poker, 36 months after the date of the Asset Agreement.
In connection with the Transaction, the Company engaged the services of RwE Growth Partners, Inc. to provide an Estimate Valuation Report for the benefit of the directors of the Company as well as for submission to the appropriate applicable regulatory authorities. Furthermore, the Company is also engaging the services of Versant Partners Inc. to act as the financial advisor on the Transaction, as well as the sponsor for the Transaction if so required by the Exchange.
Finder's fees may be payable in respect to the above transaction in accordance with the policies of the Exchange.
Poker - Mexican Operations
The Company has established an office in Mexico City, and Poker has already initiated a soft launch for real money wagering of online poker and tournament games that are powered by LVFH's own developed proprietary software. To view Poker's operational gaming sites, please visit www.palmasbet.com and www.palmaspoker.mx. Real money wagering is available to Mexican residents only.
To date, despite no marketing dollars spent by the Company and limited marketing which has been targeted towards poker only players through "in person" sign ups at actual land-based casino venues of the Palmas Group, early results of several thousand accounts being opened have been very encouraging.
Poker is now in the process of planning a nationwide marketing campaign through mass media to introduce Mexican residents to a national gaming website where residents will be able for the first time to enjoy the ability to play all verticals of games such as bingo, casino, poker and sports betting, all at one site and in a licensed environment, with Poker's Federal Mexican Gaming Permit.
Furthermore, Poker expects to benefit greatly from existing strategic, financial and marketing relationships already in place as a result of EMEX and Producciones.
The Mexican Gaming Marketplace
According to Gambling Compliance's report in 'The Future of Internet Gaming: Mexico': "Potentially, Mexico possesses all the elements to establish itself as a major gaming market; a booming population with a passion for sports; a strong gambling tradition; and an emerging middle class with increasing purchasing power."
In addition, according to ComScore, a company specializing in digital marketing intelligence, Mexico is one of the fastest-growing internet markets in the world and has the second largest internet user population in Latin America. An August 2010 ComScore report found that Mexico's internet user population grew 21 percent over the prior year and stated that Mexicans spent more than 60 percent of their time online on communication and entertainment sites. The average age of Mexico's online user population is 26.7 years, according to Digital Life.
President and CEO Jake Kalpakian states, "Gaming is an active part of Mexican culture. We believe we will have a competitive advantage because of the scope of the license as a result of it encompassing all the major gaming verticals, but in addition, the existing strategic relationships derived from our Mexican parties with some of Mexico's best known and widely accessible financial, social and marketing brands should greatly assist us in the development and expansion of our business."
"We are excited about this opportunity in the Mexican gaming marketplace and what it might bring to LVFH shareholders," continued Jake. "Given the scope of the opportunity, we would not be surprised if this attracts one or more of the leading global online gaming brands to enter into a strategic relationship with LVFH."
Financing
The Company intends to conduct a non-brokered private placement financing of 7,500,000 units at a price of $0.10 per unit, for gross proceeds to the Company of $750,000. Each unit will consist of one common share and one share purchase warrant entitling the holders to acquire an additional common share of the Company at a price of $0.25 per share for a period of two years from closing the private placement, subject to Exchange approval. Finder's fees may be payable in respect to the private placement in accordance with the policies of the Exchange.
For more information on the Company visit the Company's website at www.lvfh.com.
On behalf of the Board of Las Vegas From Home.com Entertainment Inc.
Jake H. Kalpakian, President & CEO
Certain information herein related to Poker and its business have been solely provided by Poker in their entirety.
Statements in this press release which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as the completion of the proposed Transaction. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties such as the risk that the closing of the Transaction may not occur for any reason. Forwarding-looking statements in this news release include statements with respect to Poker's operations, the structure of the Transaction and the gaming marketplace in general and in Mexico in particular.
Actual results in each case could differ materially from those currently anticipated in such statements due to factors such as: (i) the decision to not close the Transaction for any reason, including adverse due diligence results, the Exchange's refusal of the Transaction or the objection from the Exchange of the Transaction described herein; (ii) adverse market conditions; (iii) the inability of the sponsor, if one is required, to produce a sponsor's report for any reason whatsoever; and (iv) the inability to complete any requisite financial statements. Except as required by law, the Company does not intend to update any changes to such statements.
Trading in the securities of the Company should be considered speculative.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction described herein and has neither approved or disapproved the contents of this news release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Las Vegas From Home.com Entertainment Inc.
Jake H. Kalpakian
President & CEO
(604) 681-0204 ext. 6105
www.lvfh.com
Source: Marketwire (May 4, 2011 - 6:00 AM EDT)
News by QuoteMedia
etna2000
14 years ago
News Release for LVFHF
The start of many?????????...
2011-04-14 06:00 ET - News Release
VANCOUVER, April 14 /PRNewswire/ - Intelimax Media Inc. ("Intelimax" or the "Company") (OTCQB: IXMD) is pleased to announce that it has entered into a purchase and sale agreement and a software support agreement (collectively, the "Agreements") with Las Vegas From Home.com Entertainment Inc. ("LVFH") to provide Intelimax with its own new proprietary single and multiplayer subscription based gaming platform software ("the Platform"), with fully managed service solutions including server hosting, software and operational support.
The Platform will support the Intelimax subscription web-based social gaming website www.gamboozle.com. The design, navigation, look and feel of the website is being provided by Friedman 360 a world renowned multi-media production and marketing firm, as previously announced on April 12, 2011, which will be adapted and integrated into the Platform by LVFH.
"We are very excited to enter into these agreements with such well recognized company as LVFH. It is our intention to have the new Platform ready for launch by late summer this year and will include subscription poker, casino games, daily fantasy sports, social media and a number of exciting new games, features and prizes with an entire new look and feel", said Glenn Little, President & CEO.
About LVFH
LVFH (www.lvfh.com) is a software developer and service provider of turnkey casino-grade multiplayer gaming solutions. The robust and scalable LVFH Gaming Platform supports several distinct business models, including social gaming, and features a variety of fully multilingual P2P games and tournaments such as Texas Holdem, Omaha, Guts Poker, 13 Card Poker, Mahjong, Fight the landlord, Big2 and Blackjack. LVFH has been a publicly traded company since 1999 (TSXV: LVH).
About Intelimax Media Inc.
Intelimax Media Inc. (www.intelimax.com) is an Internet media services company focusing on online games, social networking and web content. Using its' proprietary InteliGaming multi player network, Intelimax offers subscription based gaming on its website, (http://www.gamboozle.com).
For and on behalf of the board of Intelimax,
Glenn Little, President & CEO
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