Sports Venues of Florida (OTCMKTS: BTHR) Releases Management Report for the Week Ended March 20, 2021 (Includes Overview of Quarterly Results)
Sports Venues of Florida, Inc. (BTHR) announces significant financial improvements for Q3 2021. Cash on hand increased by 45% to $81,259, while derivative liabilities decreased by 86% to $32,696. Net loss improved by 74.4%, down to $316,007, with a notable 100% enhancement in per-share loss. Revenue surged from $0.00 to $14,634 over the past nine months. The company also reported a successful Pokémon TCG event and plans further game tournaments, including partnerships with Twitch influencers to expand audience reach.
- Cash on hand increased by 45% from $45,005 to $81,259.
- Derivative liabilities decreased by 86%, from $238,373 to $32,696.
- Accrued payroll decreased by 93%, from $64,167 to $4,194.
- Net loss improved by 74.4%, from $1,238,977 in 2020 to $316,007 in 2021.
- Revenue increased from $0.00 to $14,634 over nine months.
- Loss from operations of $182,905 still indicates operational challenges.
- Despite improvements, the company still recorded a net loss.
THOMASVILLE, GA, March 22, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Sports Venues of Florida, Inc. (OTCMKTS: BTHR) (“Sports Venues of Florida”, “BTHR”, or the “Company”), an emerging leader in the youth sports, family sports entertainment, and eSports markets, announces third quarter highlights along with upcoming tournament schedule. The Company’s final financial disclosure for the period ended February 28, 2021 will be uploaded to OTCMarkets.com not later than Friday, March 26, 2021.
The Company continues to make improvements to its financial condition each quarter and the quarter ended February 28, 2021 is no exception. Improvements to the balance sheet include cash on hand increasing by
For the nine months ended February 28, 2021 as compared to 2020 revenues improved from
John V Whitman Jr, CEO/Chairman, said, “Our Company continues to make improvements both financially and in market share. It is certainly a pleasure to provide the public with outstanding results from operations like we experienced last quarter as compared to the previous nine months. We forecast continued improvements mainly on the revenue front over the next few months. Whatever holes we still have can be filled with revenue generation and we are totally focused on that singular aspect of our business.”
The Company is advancing towards its short-term and long-term goals; this week’s Pokémon TCG was a success with 194 players registered. March has one more event left: World of Tanks on March 28th and is looking good. We are excited that the World of Tanks community is supporting our events. This week we have been finalizing plans to work with Twitch Influencers to build awareness for next week's World of Tanks event and bringing our event to a larger fan base with broadcasts not only in English but also looking to have commentators on other channels for Czech and German-speaking audiences.
April lineup is coming together, including entering discussions with a successful Twitch influencer channel, HisAndHersLive, to partner with them in continuing their "JukaBowl" tournament series for Apex Legends, and, to follow up our great premier in Yu-Gi-Oh! Duel links, we are talking with DuelLinks Entertainment, a larger Tournament Organizer, trying to solidify a date. Also, to maximize attendance, we are working to identify (and avoid) potential scheduling conflicts with a variety of other High-Profile events such as the KCC.
In April we have six more events scheduled and we are partnering with the developer BetaDwarf to bring another Minion Masters event on April 10th. Many registrations tend to come in the last week; we already have 60 people signed up so far with three weeks to go, so it looks like that event may be on track to reach higher registration than initially expected. The rest of the month will round out with Pokémon TCG Online along with other titles such as Clash Royale.
Here is what is happening in April: On April 3 and 4th we have Yu Gi Oh Duel Links. On April 10 and 11th with added Apex Legends (this is a new title we are adding) Minion Masters BetaDwarf, and Clash Royale. On April 17-18th, Pokémon TCGO, possible Northgard. On April 24-25 another Smite Game event.
The Company is working hard to find an existing building that can be retrofitted to become an eSports Complex or land to build an eSports venue to fulfill Sports Venue's long-term goal to create a network of venues around the USA.
Luis A. Arce said, “We know that we need to start in Central Florida because it’s the ideal place logistically and we are already identifying possible opportunities.” With over 76 million visitors in 2019, Central Florida is the world's leading vacation destination. It is home to numerous theme parks including Walt Disney World® Resort, Universal Orlando® Resort, and SeaWorld® Orlando along with diverse attractions catering to visitors of all ages and interests. In addition to its enviable year-round climate, Central Florida boasts two international airports, high-quality resorts and hotels, dozens of world-class venues, beautiful beaches, stunning golf courses, exceptional shopping, delectable dining, and exciting nightlife.
The area’s demand for a new eSports venue is growing; there are venues, but they are either too big or expensive or too small for the demand. Josh Mora of Full Sail University said recently in an Orlando Sentinel report: “We have all of the resources here. We have the demographics for eSports players and fans. We have supportive government offices with both mayors.”
Want to participate? Find the plan that best suits you, can choose between Bronze Plan Gold Plan Diamond Plan https://ggtoor.com/join.php. If you want to be an organizer bring your team or friends to GGtoor.com we can help you grow and support, you so you can reach a worldwide audience of similar-minded individuals that like to compete and have fun you can be sure that GGToor.com is here to grow with you. Just follow the link to sign up as an organizer https://ggtoor.com/organizerlogin.php if you have any questions about our events visit Discord https://discord.gg/GUhyZxFH8Q, https://twitter.com/ggtoor, https://www.twitch.tv/ggtoor, https://www.facebook.com/eShadowGaming
If your organization like to be part of these growth and would like to work with Shadow Gaming contact us at luis@shadowgamingtv.com .
About BTHR
Sports Venues of Florida, Inc., is a developmental stage company engaged in the business of eSports, and the development of youth sports and family entertainment complexes. The company, through its wholly owned subsidiary, Shadow Gaming, Inc., has aggressively entered the eSports market. Shadow Gaming’s new portal GGToor.com has been launched and is one of the most comprehensive gaming portals in the world. The Company is now accepting subscriptions from players, gamers, and tournament organizers. To register logon to https://ggtoor.com/ . In addition, the company plans on operating a few subsidiary companies from high tech data management businesses to product and support businesses. Finally, the Company is actively looking for locations to build indoor eSports arenas that will host major international gaming tournaments.
Forward-Looking Statements. This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as “expect,” “expectation,” “believe,” “anticipate,” “may,” “could,” “intend,” “belief,” “plan,” “estimate,” “target,” “predict,” “likely,” “seek,” “project,” “model,” “ongoing,” “will,” “should,” “forecast,” “outlook” or similar terminology. These statements are based on and reflect our current expectations, estimates, assumptions and/ or projections as well as our perception of historical trends and current conditions, as well as other factors that we believe are appropriate and reasonable under the circumstances. Forward-looking statements are neither predictions nor guarantees of future events, circumstances or performance and are inherently subject to known and unknown risks, uncertainties and assumptions that could cause our actual results to differ materially from those indicated by those statements. There can be no assurance that our expectations, estimates, assumptions and/or projections, including with respect to the future earnings and performance or capital structure of Sports Venues of Florida, Inc.
For Additional Information Contact:
John V Whitman Jr.,
John@sportsvenues.net
https://sportsvenues.net/
https://ggtoor.com/
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