Business
Gaming Nation Acquires Competitor Artemis Tech
Gaming Nation Acquires Competitor Artemis Tech Canada NewsWire TORONTO, Sept. 5,...
About this update from First Atlantic Nickel & Cobalt Corp.
[{"type":"text","content":"\n\n\n\nGaming Nation Acquires Competitor Artemis Tech\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Sept. 5, 2017\n\n\n\nTORONTO, Sept. 5, 2017 /CNW/ - Gaming Nation Inc. (TSXV-FAN) (\"Gaming Nation\" or the \"Company\") is pleased to announce that it has acquired Artemis Technology Group LLC (\"Artemis\") in a transaction that will see Gaming Nation's subsidiary, 5050 Central Ltd., acquire all of Artemis' electronic 50/50 raffle customers.\n\n\"We are pleased to have completed this transaction and believe the acquisition of the customer base of Artemis will further establish 5050 Central as the dominant provider of electronic 50/50 raffles globally,\" stated Scott Secord, President/CEO of Gaming Nation.  \"We have also added key talent to our 5050 Central team as Artemis founder Jason Zent will join the management team of 5050 Central and Erinn Zent will join the company as general counsel for our U.S. based clients.\"  \n\nThe transaction will see 5050 Central acquire key customers including the Boston Bruins, Boston Celtics and Buffalo Sabres.  The Company expects to launch 5050 Central's platform with all former Artemis clients beginning this month in preparation for the NHL and NBA seasons.  \n\n\"We are thrilled to have the opportunity to join Gaming Nation and work directly in continuing to grow their 50/50 raffle business.  Merging with the leader in this space will be extremely positive for our current clients and we look forward to working with the team at 5050 Central,\" commented Jason Zent.\n\nForward-Looking Statements\n\nThis press release contains forward looking information within the meaning of Canadian securities laws concerning the business, operations and financial performance of the Company and BD Sport's businesses.  Forward looking information includes but is not limited to statements with respect to revenues, EBITDA, free-cash-flow, earn out payments and accretive earnings.  This forward looking information is based on certain assumptions regarding expected growth, results of ...