Netcapital Inc. Portfolio Company Zelgor Games Completes Third Successful Stability Test of First Mobile Game, Advances Product Toward Official Launch

Rhea-AI Summary

Netcapital Inc. (OTC: NCPL) announced that its portfolio company, Zelgor Games, completed a successful third stability test for the mobile game Noobs in Space.

Conducted over ten days in India, the test resulted in over 10,000 downloads, enhancing the game’s scalability and stability. The soft launch is expected in 2022, aimed at testing key performance metrics. Zelgor is backed by prominent investors, positioning it well for future growth in the gaming market.

Positive

• Successful completion of the third stability test for Noobs in Space.
• Over 10,000 downloads achieved during the stability test, indicating strong initial interest.
• Zelgor Games is backed by notable investors, enhancing its market credibility and potential.

Negative

• None.

Soft launch of Noobs in Space expected in 2022

BOSTON--(BUSINESS WIRE)-- Netcapital Inc. (OTCQX: NCPL), a digital private markets ecosystem, today announced that portfolio company Zelgor Games has successfully completed the third stability test of its first mobile game, Noobs in Space.

The stability test was conducted last month in India over a ten-day span, generating over 10,000 downloads. The purpose of this most recent test was to evaluate the game's stability over a wide variety of devices along with its scalability and marketing levers.

“With Noobs in Space and all our Noob games, we aim to disrupt the global games space and beyond,” said John Fanning Jr., Founder and CEO of Zelgor Games. “The success of this latest test, designed to make sure that our games will perform well at scale, accelerates our roadmap toward the soft launch of Noobs in Space followed by an official release in the U.S. The results of the test surpassed our expectations. Thousands of people installed our game in the first 48 hours, driving tens of thousands to the Google Play Store, leading to over 10,000 downloads and counting.”

The soft launch of Noobs in Space, coming in 2022, is expected to test daily retention, average revenue per user, virality, and the impact of social features.

Dr. Cecilia Lenk, CEO of Netcapital Inc., commented, “With two highly original games in development and backed by famed venture capitalist Tim Draper, napster founder Shawn Fanning, and co-creator of Guitar Hero Kai Huang, we believe Zelgor is strategically positioned to stake a prominent footprint in the world of mobile games.”

About Zelgor Games:
Zelgor is an interactive entertainment company creating a virtual universe around its unique media franchise, called the Noobs, an army of outlandish aliens exploring the universe. Zelgor investors include famous venture capitalist Tim Draper, co-creator of Guitar Hero, Kai Huang, and the founders of Napster. The Zelgor team holds real-world experience working on successful games like The Sims, Bioshock Infinite, Dungeons & Dragons Online, and many more. To learn more about Zelgor Games, visit zelgor.com.

About Netcapital Inc.
Netcapital Inc. is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The company's consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies with disruptive technologies. The Netcapital funding portal is registered with the U.S. Securities & Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities association.

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211208005193/en/

Coreen Kraysler, CFA

CFO

781-925-1700

coreen.kraysler@netcapital.com

Source: Netcapital Inc.

FAQ

What is the significance of the third stability test for NCPL's portfolio company?

The third stability test for Zelgor Games' Noobs in Space indicates the game's readiness for a soft launch in 2022, demonstrating its scalability and market potential.

How many downloads did Noobs in Space achieve during the stability test?

Noobs in Space generated over 10,000 downloads during its ten-day stability test in India.

When is the soft launch of Noobs in Space expected?

The soft launch of Noobs in Space is expected to take place in 2022.

Who are the notable investors backing Zelgor Games?

Zelgor Games is backed by prominent investors such as Tim Draper, Shawn Fanning, and Kai Huang.