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Touchpoint Group Holdings (OTC: TGHI) has announced a Memorandum of Understanding with Geometric Energy Corporation to advise on satellite communication projects. The collaboration aims to leverage the XI Protocol, a distributed ledger technology utilizing existing global satellite networks. The XI Protocol introduces Web3-connected space infrastructure, including in-space LED displays and a Metaoracle system for satellite data reporting. Touchpoint's management brings over 30 years of experience in telecommunications and satellite products, exploring joint ventures in the satellite sector.
Touchpoint Group Holdings, Inc. (TGHI) announces a strategic update, revealing the decision to withdraw plans for a reverse stock split. CEO Mark White highlighted advancements in the company’s fan engagement platform, emphasizing collaborations with fitness brands and influencers. The integration of blockchain and machine learning capabilities aims to enhance user experience and revenue streams. Additionally, events related to the Air Race World Championship have been postponed to early 2023 due to pandemic-related challenges. The company is committed to maximizing shareholder value while preparing for upcoming events.
The NSW Government has allocated $2.5 million from the Regional Events Acceleration Fund to host the Air Race World Championship in Lake Macquarie from November 18-20, 2022. This high-speed event will feature elite pilots, including local champion Matt Hall, and is anticipated to attract thousands of spectators, generating over $8 million for the local economy. The Air Race series has held 94 races globally, drawing more than 24 million viewers. The Deputy Premier emphasized the event's role in boosting tourism and regional economic recovery.
Touchpoint Group Holdings (OTCQB: TGHI) has announced a multi-year Host City Agreement with Borneo Airlines to host the Air Race World Championship in Malaysia for 2022, 2023, and 2024. The event is expected to attract over 150,000 live spectators and nearly 50 million global viewers. This marks the first ARWC event in Malaysia since 2014. The agreement is valued at over $8.5 million and aims to showcase modern aircraft technology and inspire Malaysian youth, according to executives from both companies.
Touchpoint Group Holdings (TGHI) announced an inaugural Air Race World Championship event on July 9-10, 2022, at Goodwood, UK. The event is set to enhance Goodwood's prestige as a motorsport venue. CEO Chris Woodgate expressed excitement about the championship’s arrival, while reigning champion Matt Hall looks forward to racing in Australia in November 2022 for the first time since 2010. An estimated 150,000 attendees are expected, with a projected viewership of 50 million globally. The Air Race, founded in 2003, is renowned for attracting millions of spectators worldwide.
Touchpoint Group Holdings (OTCQB: TGHI) has launched a new game division, Touchpoint.Games, focusing on aerial esports and VR games for its AIR RACE subsidiary. The games will be available on major platforms like Oculus and Steam, utilizing technologies such as Unity and Unreal Engine. Additionally, a partnership with AppSwarm will develop an NFT ecosystem for metaverse gaming. The AIR RACE World Championship, a significant spectator event, has recorded over 230 million viewers globally. This venture aims to merge physical and digital entertainment, creating new market opportunities.
Touchpoint Group Holdings (OTCQB: TGHI) has announced a multi-year Host City Agreement with PT Pilar Pacu Perkasa to host the Air Race World Championship in Indonesia for 2022, 2023, and 2024. The event aims to attract over 1 million live spectators and reach nearly 50 million global viewers. The agreement, valued at over $8.5 million, marks a significant milestone as it will be the first ARWC event in Indonesia. CEO Nalin Jay expressed excitement about Indonesia's potential as an emerging economic superpower and highlighted plans for innovative race categories and enhanced audience experiences.
Touchpoint Group Holdings (OTCQB: TGHI) announced a groundbreaking partnership with Prometheus Fuels to supply zero net carbon aviation fuel for its AIR RACE subsidiary. This collaboration aims to help AIR RACE achieve net zero emissions by 2025. Prometheus Fuels creates sustainable fuel by converting atmospheric CO2 through its innovative Titan Fuel Forge technology. This partnership aligns with AIR RACE's commitment to promoting green aviation and is expected to advance sustainable energy solutions in the aviation industry.
Touchpoint Group Holdings (OTCQB: TGHI) announced the launch of its initial phase to develop advanced aerial mobility vehicles into NFT products targeted at the metaverse gaming sector. Partnering with AppSwarm, Corp., Touchpoint aims to utilize 3D software to convert aerial vehicles into NFTs. Additionally, the company plans to produce high-fidelity flight simulation programs and offer exclusive NFT access passes for AIR RACE World Championship events. A detailed NFT Development Roadmap will be released soon, signaling a push for innovative experiences in both physical and virtual spaces.
Touchpoint Group Holdings (OTCQB: TGHI) has announced that it has engaged Craft Capital Management LLC as its exclusive financial advisor to assist in listing on a national exchange. The company has received majority shareholder approval for a reverse stock split, which may be enacted to meet minimum bid price requirements. CEO Mark White emphasized the positive outlook for 2022, highlighting the AIR RACE World Championship, a successor to the Red Bull Air Race, which is expected to attract significant global viewership and drive greater awareness of the company.
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