HeadsUp Entertainment Closes Major Partnership in UAE - New Subsidiary Created to Monetize Global Digital Marketplace

Rhea-AI Summary

HeadsUp Entertainment International Inc. announces the closing of a major partnership agreement with MetaVerse Vision Group FZE LLC, creating a new subsidiary called HeadsUp Ventures FZ UAE. The new entity aims to monetize opportunities in the digital marketplace.

Positive

• HeadsUp Ventures FZ UAE, a new subsidiary of HeadsUp Entertainment International, has been created through a partnership agreement with MetaVerse Vision Group.
• The subsidiary plans to monetize opportunities in the emerging digital landscape.
• HeadsUp Ventures has opened new offices in Abu Dhabi and is participating in the release of a generative NFT drop with platform partner Tokonomika.
• The management team of HeadsUp Ventures has entered into an engagement agreement to launch and operate a major lottery operation in Africa.
• The anticipated revenues from these operations are expected to contribute significantly to the financial results of the company.
• This global expansion positions HeadsUp Entertainment International to increase shareholder value and target new opportunities in the digital sector.

Negative

• None.

CALGARY, AB, May 26, 2022 /PRNewswire/ - HeadsUp Entertainment International Inc. (OTCPINK: HDUP) is pleased to announce the closing of a major partnership agreement with MetaVerse Vision Group FZE LLC, UAE whereby a new subsidiary under the HeadsUp Entertainment International public company has been created and named HeadsUp Ventures FZ UAE.  HeadsUp owns 49% of the shares of the new entity which is positioned to monetize numerous opportunities and contracts under the strategic alignment of industry leaders.

Metaverse Visions' main principal Ola Lind has been a key icon in the global lottery and gaming business, securing multiple licenses and has been a 15 year associate of HeadsUp's Chief Business Development Officer, Mark Hutchinson.  The management team has specific goals to immediately monetize the new frontier of the emerging digital landscape in the region and beyond.

HeadsUp Ventures has opened new offices in Abu Dhabi and the management team in place are pleased to announce its participation in the release of the first product to the marketplace, a ground breaking generative NFT drop with platform partner Tokonomika and its "Beat My Team Euro NFTational Tournament" which can be seen at http://nftational.beatmyteam.com which launches today.  This is the first in a planned series of sports team based NFT launches that management believes will be highly successful and profitable.  Pictures of the new Abu Dhabi offices will be posted to the Company's Twitter account soon.

In a subsequent deal, the management team of HeadsUp Ventures has entered into an engagement agreement to launch and operate a major lottery operation in the largest market on the African continent.  The anticipated revenues from this and other operations under the HeadsUp Ventures business portfolio are substantial and look to be a major contributor to the top and bottom line financial results for the Company.  This global expansion positions HeadsUp to accelerate its plan to substantially increase shareholder value while targeting the newest opportunities unfolding in this digital sector.

Be sure to follow the company Twitter account @HeadsUpHDUP for additional details in addition to the upcoming series of Press Releases.

About HeadsUp Entertainment International Inc.

HeadsUp Entertainment International Inc. is a global gaming operator and media company focusing on online gaming, online poker, eSports, sports betting, online lottery, mobile 50/50, charity fundraising platforms, software and blockchain based payment solutions.

Forward-Looking Statements:

This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as "estimate," "expect," "anticipate," "projected," "planned," forecasted" and similar expressions are intended to identify forward-looking statements, which are, by their very nature, not guarantees of HeadsUp Entertainment International Inc.'s future operational or financial performance and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements because of new information, future events or otherwise.

View original content:https://www.prnewswire.com/news-releases/headsup-entertainment-closes-major-partnership-in-uae---new-subsidiary-created-to-monetize-global-digital-marketplace-301556183.html

SOURCE HeadsUp Entertainment International Inc.

FAQ

What is the partnership agreement announced by HeadsUp Entertainment International?

HeadsUp Entertainment International has closed a major partnership agreement with MetaVerse Vision Group FZE LLC, creating a new subsidiary called HeadsUp Ventures FZ UAE.

What is the goal of HeadsUp Ventures FZ UAE?

HeadsUp Ventures FZ UAE aims to monetize opportunities in the emerging digital landscape.

What is the recent development regarding the new offices of HeadsUp Ventures?

HeadsUp Ventures has opened new offices in Abu Dhabi.

What is the collaboration between HeadsUp Ventures and Tokonomika?

HeadsUp Ventures is participating in the release of a generative NFT drop with platform partner Tokonomika.

What is the plan of HeadsUp Ventures in Africa?

The management team of HeadsUp Ventures has entered into an engagement agreement to launch and operate a major lottery operation in Africa.

How will the anticipated revenues from these operations impact the company?

The anticipated revenues from these operations are expected to contribute significantly to the financial results of the company.

What does the global expansion position HeadsUp Entertainment International for?

The global expansion positions HeadsUp Entertainment International to increase shareholder value and target new opportunities in the digital sector.