HUMBL Announces Completion of Tickeri Acquisition
HUMBL, Inc. (OTC Markets: HMBL) has successfully acquired Tickeri, Inc., a premier Latin-focused ticketing platform, for $20M through a combination of debt and common stock. This acquisition aims to enhance ticketing, remittance, and mobile payment services for Latin American customers. Tickeri has shown impressive growth post-COVID, exceeding previous attendance figures. The deal is expected to synergize HUMBL's blockchain technologies with Tickeri's established audience, facilitating broader expansion into the primary and secondary ticketing markets.
- Acquisition of Tickeri enhances HUMBL's service offerings in the Latin American market.
- Total acquisition value of $20M indicates HUMBL's commitment to growth.
- Post-COVID growth in Tickeri's audience surpassing pre-pandemic levels.
- Combines ticketing technology with blockchain for potential revenue growth.
- Acquisition paid through a mix of debt and common stock may impact HUMBL's financial position.
- Integration challenges could arise from merging operations of Tickeri with HUMBL.
San Diego, California, June 04, 2021 (GLOBE NEWSWIRE) -- HUMBL, Inc. (OTC Markets: HMBL) today announced that it has completed its acquisition of Tickeri, Inc., a leading Latin-focused ticketing platform.
The purchase price for the acquisition was paid with a mix of debt and common stock, for a total of
HUMBL will be working to deliver ticketing, peer-to-peer remittances, and mobile pay services to Latin American customers, fitting seamlessly across the existing Tickeri platform and plans for mutual international expansion.
"There is an exciting convergence underway across mobile pay, ticketing, and NFTs on blockchain," said Brian Foote, CEO of HUMBL. "Tickeri has created an outstanding technology platform and loyal audience with whom we are excited to grow together as brands."
Tickeri has seen great enthusiasm for live events in 2021, with growth in recent months already surpassing pre-covid numbers. "The momentum and bounce back we've seen recently have been impressive, and we're super excited to continue expanding the Latin music market in the United States and abroad," said Juan Luis Gonzalez, CEO of Tickeri.
Tickeri joining the HUMBL family provides an opportunity to combine the transactional technology of ticketing with HUMBL's thesis of using blockchain to bring value to individuals, creators, and merchants across the globe.
Tickeri will continue to operate in its existing brand and service corridors while partnering with HUMBL Ticketing on broader expansion plans across primary and secondary ticketing markets.
About Tickeri
Tickeri is a ticketing and SaaS platform that features Latin events and artists within the United States, Latin America, and the Caribbean corridor.
Tickeri is one of the only event ticketing companies to focus on the Latin market, offering advanced features such as real time reporting, analytics, box office tools, and a marketing platform with over 5,000 locations and operators.
Company Website: https://www.tickeri.com
About HUMBL
HUMBL was created to help simplify and package new technologies like blockchain, for global consumers in mobile payments, ticketing and NFTs.
CONTACT:
HUMBL, Inc.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimates," "projects," "intends," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, the Company's ability to successfully execute its expanded business strategy, including by entering into definitive agreements with suppliers, commercial partners and customers; general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technical advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, regulatory requirements and the ability to meet them, government agency rules and changes, and various other factors beyond the Company's control.
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