AMLH Agrees to Terms for Acquisition of Baller Mixed Reality, Web 3.0 Innovator
American Leisure Holdings (AMLH) is set to acquire a majority stake in Baller Mixed Reality, an innovative start-up focusing on augmented reality NFTs featuring signed collectibles from athletes and entertainers. This acquisition positions AMLH within a rapidly growing $46 billion market combining sports memorabilia and NFTs. Baller's business model includes B2C NFT sales, secondary market royalties, and corporate sponsorships. CEO Adrian Patasar emphasizes this deal as a cornerstone investment that aligns with their strategy in the Web 3.0 sector.
- Acquisition of Baller Mixed Reality enhances AMLH's portfolio in the NFT space.
- Baller's innovative AR-NFTs have strong market potential, targeting both B2C and B2B revenues.
- Positioning within a combined $46 billion market from sports memorabilia and NFTs.
- Risks associated with new technology adoption and regulatory challenges in the NFT space.
- No assurance of profitability or liquidity in the near future.
Blockchain & NFT Innovation to Enter AMLH's Portfolio of Assets
FORT LAUDERDALE, FL / ACCESSWIRE / April 14, 2022 / Chief Executive Officer of American Leisure Holdings (OTC PINK:AMLH), Adrian Patasar, has successfully negotiated terms to acquire a majority stake in Baller Mixed Reality, a cutting-edge start-up venture that is pioneering the development of Autographed Metaverse Collectibles in the form of 3D-AR NFTs signed by influential legendary athletes and entertainers. Unlike other NFTs that largely consist of art which can only be viewed on two-dimensional screens, Baller NFTs utilize augmented reality software (such as Adobe Aero) to place collectibles into real-world environments where they can be viewed and interacted with in three dimensions. Baller is currently contracting with athletes and entertainers directly to create NFT collections that reflect the greatest moments in their careers, and ushering in a new era of digital collectibles that can be enjoyed both in the real-world as well as the metaverse (BallerMixedReality.com).
Art Houston Magazine, which interviewed Jonathan Herman (founder of Baller Mixed Reality) for their article "Crypto Vision" noted… "Herman and his team are forging a path on the AR trend by creating augmented reality NFTs" (ArtHoustonMagazine.com). The tech podcast "NFTs Are 4 Ever", which aired an entire episode on Baller Mixed Reality, described the project as… "Very innovative", "A significant experimentation into the metaverse", and "Could be more valuable than items in the real world" (Podcasts.Apple.com).
"We are delighted to have the support of Adrian and American Leisure Holdings as we expand the application of non-fungible tokens into mixed reality assets, and create new forms of utility for collectors of sports and entertainment memorabilia…" says Jonathan Herman. "We are disrupting the
With the implementation of smart contracts, Baller drives revenue through the primary B2C sales of uniquely innovative NFTs, ongoing fixed royalties from secondary C2C sales, the sale and long-term appreciation of Baller utility tokens, corporate sponsorships, and B2B product placements - all within one of the world's fastest growing business sectors.
Adrian Patasar says… "The acquisition of Baller Mixed Reality is a cornerstone investment for American Leisure Holdings, and an important part of our strategy to amass strategic holdings in the Web 3.0 sector. We envision great success for Baller with Jonathan at its helm, and its market impact will leverage the success of future strategic investments to come, in boths sports and entertainment celebrity projects."
Look for ongoing updates in the weeks and months ahead.
ABOUT AMERICAN LEISURE INC.
American Leisure Holdings Inc. (AMLH) is a dynamic parent company that recently updated its status with the SEC and OTC Markets. AMLH plans to bring accretive shareholder value by participating in high growth, revenue-generating ventures and acquiring cutting-edge technologies in the NFT and Metaverse space.
| Adrian Patasar info@amlh.net 561-654-5722 | Web: AMLH.io Twitter: LeisureAMLH |
MEDIA CONTACT: Sean Creighton at 845-893-6109 or sean@echelonculture.com
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact included in this presentation are forward-looking statements. These statements relate to analyses and other information, which are based on forecasts of future results and estimates of amounts not yet determinable. These statements also relate to our future prospects, developments, and business strategies. These forward-looking statements may be identified by the use of terms and phrases such as 'anticipate,' 'believe,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'predict,' 'project,' 'target,' 'will' and similar terms and phrases, including references to assumptions. However, these words are not the exclusive means of identifying such statements. Although we believe that our plans, intentions, and expectations reflected in or suggested by such forward-looking statements are reasonable, we cannot assure you that we will achieve those plans, intentions, or expectations. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected or may prove unachievable.
The Company's business and prospects must be considered in light of the risks, expenses, and difficulties frequently encountered by companies working with new and rapidly evolving technologies such as blockchain. These risks include, but are not limited to, an inability to create a viable product and risks related to the issuance of tokens. Furthermore, the Company's business contemplates participation in a highly regulated space of consumer finance and associated customer data and therefore may face regulatory and execution challenges, particularly in light of the novelty of the concept. The Company cannot assure you that it will succeed in addressing these risks, and our failure to do so could have a material adverse effect on our business, financial condition, results of operations, and prospects. There can be no assurance as to whether or when (if ever) the Company will achieve profitability or liquidity. The forward-looking statements included in this press release are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events, or otherwise, except as otherwise.
SOURCE: American Leisure Holdings, Inc.
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