Vancouver, British Columbia–(Newsfile Corp. – June 15, 2017) – Mojo Games Inc., a subsidiary of Sterling Group Ventures, Inc (OTCQB: SGGV) is pleased to provide the following corporate update:
The company is nearing launch of a new turnkey casino solution for a B2B partner focused on high stake VIP players in the Eastern European market. The solution leverages Mojo’s advanced iGaming platform and table casino games integrated with tier 1 payment processing partners.
The company is pleased to provide an update on the India Skill Gaming Initiative – Our recently announced partner Baadshah Gaming has been fully deployed and is growing its base of players daily. Baadshah currently offers Mojo’s poker games and 3rd party daily fantasy games integrated to Mojo’s iGaming platform.
The company is nearing a rollout of its own Direct to Consumer solution which will focus in emerging world markets, including India. The company is in discussion with marketing partners to assist in player acquisition.
The company regretfully reports that we will not be proceeding with VLeague’s opportunities in China. We will continue to seek partnerships in Asia that are mutually beneficial with strong upside.
The restructuring of Sterling and Mojo has taken more time than we expected and as such the financials have been delayed. We are continuing to proceed forward on our necessary filings and will notify shareholders when completed.
About Mojo Games, a subsidiary of Sterling Group Ventures
Mojo Games provides a B2B multi-gaming platform with a full suite of social play money gaming products, including online poker. Mojo offers B2B partners both API integrated and turnkey white label licensing options with advanced and customizable iGaming back-office features, player rewards and marketing, affiliate, and ecommerce solutions.
ON BEHALF of the BOARD
/s/ Nicolaos Mellios
Mr. Nicolaos Mellios
Chairman & CEO
For further information, please check the Company’s SEC 8-K filing or contact:
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Certain statements and other information included in this press release constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including the “safe harbour” provisions of provincial securities legislation and the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended. Forward-looking statements are typically identified by the words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “outlook,” “focus,” “potential,” “will,” “should,” “would,” “could,” and other similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements as it is subject to known and unknown risks and uncertainties that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Except as required by law, there is no intention or obligation to update or revise any forward-looking statements as a result of new information or future events, except as required by law.
This press release does not constitute any investment advice or any solicitation or offer to buy or sell any securities. No representation is made on the accuracy or completeness of the information contained in this press release, and the Company does not accept liability for any errors or omissions in the contents of this press release that arise as a result of transmission. The Company may not update the information in this press release. The Company does not waive any rights, privileges or other protections that the Company may have with respect to the information in this press release.
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