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TOUCHPOINT GRP HLDGS INC - TGHI STOCK NEWS

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Rhea-AI Summary

Touchpoint Group Holdings (OTCQB: TGHI) has announced a sponsorship agreement with SRQ Motorsports Group to promote its AIR RACE events during the 2022 season. This partnership aims to leverage both companies' strengths in audience engagement and motorsport marketing, with AIR RACE set to expand its visibility across multiple international racing locations. The AIR RACE World Championship, initially developed by Red Bull, is expected to attract significant viewership and participation, with 7 races planned in 2022 at iconic locations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4%
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none
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Rhea-AI Summary

Touchpoint Group Holdings (OTCQB: TGHI) has entered a sponsorship agreement with SRO Motorsports Group for the 2022 season. This partnership will promote Touchpoint and its subsidiary AIR RACE at SRO Fanatec GT America events. With over 230 million viewers globally, AIR RACE aims to enhance audience engagement through innovative technology and new revenue streams. The upcoming season features seven races across notable locations such as Egypt, Greece, and the UK, showcasing advancements in air racing including electric aircraft. This strategic collaboration is expected to boost visibility and growth for both companies.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4%
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none
-
Rhea-AI Summary

Touchpoint Group Holdings (OTCQB: TGHI) announced a multi-year sponsorship agreement with Zero E (PTY) Ltd, committing $4.5 million to promote Zero E-Standup bikes at AIR RACE World Championship events. This partnership aims to enhance visibility for sustainable mobility solutions. AIR RACE, known for attracting millions of viewers, plans to introduce innovative categories like electric aircraft and EVTOL. The 2022 season includes seven races across various iconic locations. Touchpoint intends to leverage audience engagement strategies to generate new revenue streams.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.67%
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none
Rhea-AI Summary

Touchpoint Group Holdings (OTCQB: TGHI) announced a successful training camp for its AIR RACE subsidiary, marking an important step towards the 2022 season. Held in Sywell, UK, the event engaged both elite pilots and newcomers in simulated and actual air race conditions. The AIR RACE World Championship aims to enhance audience engagement and create new revenue opportunities through innovations like electric aircraft and advanced aerial mobility. The season opener is set for May 2022, featuring seven races across global locations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
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none
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Rhea-AI Summary

Touchpoint Group Holdings, Inc. (OTCQB: TGHI) announced the appointment of AI Venturetech as a strategic advisor to develop an Aerial Mobility Research Lab. This collaboration, alongside TulsaLabs, will focus on innovative aerial technologies such as electric aircraft and EVTOL vehicles. CEO Mark White emphasized the company's goal to establish leadership in aviation and revolutionize urban transportation through these advancements. The press release highlights the potential for cleaner air and solutions for urban congestion, aligning with growing demands for sustainable transportation options.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.86%
Tags
management
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Rhea-AI Summary

Touchpoint Group Holdings (TGHI) has acquired the World Championship Air Race (WCAR) through an asset purchase agreement, set to generate over $60 million in revenue for 2022. The event, previously known as the Red Bull Air Race, boasts a legacy of hosting races in 94 countries, attracting over 230 million viewers globally. With plans to enhance spectator engagement via technology, Touchpoint aims to leverage WCAR’s stature while also integrating advanced racing categories focused on green energy and innovation. The inaugural race is scheduled for March 2022.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.75%
Tags
Rhea-AI Summary

Touchpoint Group Holdings (OTCQB: TGHI) announced a licensing agreement with World Championship Air Race (WCAR) to enhance fan engagement through a dedicated app. The app will enable users to live stream events, access content, and purchase merchandise. WCAR aims to capture a significant audience, citing an estimated 400 million viewers in 2022. CEO Mark White emphasized the partnership's potential to augment fan interactions and commercial opportunities through influencer marketing and merchandise fulfillment. The app will be available on iOS and Android, marking a strategic development for TGHI in the digital media space.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.35%
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none
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Rhea-AI Summary

Touchpoint Group Holdings (OTCQB: TGHI) announced plans to develop its own non-fungible token (NFT) blockchain platform, integrating it into its video streaming platform tailored for celebrities and influencers. CTO Spencer Christopher noted that after industry feedback, they aim to customize NFT solutions for their clients. Leveraging the Ethereum blockchain, Touchpoint will enhance its Touchpoint Connect application with a marketplace for unique digital content. The company will not license existing NFT technologies, aiming to maximize market opportunities and shareholder value.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.04%
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none
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Rhea-AI Summary

Touchpoint Group Holdings (OTCQB: TGHI) announced a Memorandum of Understanding with Ethernity Inc. to integrate NFT blockchain technology into its video streaming platform. This integration will enhance Touchpoint's offerings for celebrity and influencer customers, allowing them to authenticate digital assets using Ethereum blockchain. The move aims to capitalize on the growing trend of NFTs in the music industry, leveraging relationships with artists like Russell Simmons. The company envisions creating its own NFT marketplace within the platform.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.82%
Tags
none
Rhea-AI Summary

Touchpoint Group Holdings (TGHI) has launched the GDAS app, providing on-demand yoga and meditation classes via iOS. Subscribers can access live and recorded sessions hosted by Russell Simmons, aimed at enhancing health and mindfulness. Priced at $9.99 monthly, the app connects users to wellness resources from the G-das Bali resort. With a focus on modern wellness during the COVID-19 pandemic, this initiative is designed to help users achieve personal health goals and foster connections between fans and brands.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11%
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none

FAQ

What is the market cap of TOUCHPOINT GRP HLDGS (TGHI)?

The market cap of TOUCHPOINT GRP HLDGS (TGHI) is approximately 344.3K.

TOUCHPOINT GRP HLDGS INC

OTC:TGHI

TGHI Rankings

TGHI Stock Data

344.25k
3.44B
1.97%
0.32%
Software - Application
Technology
Link
United States of America
Miami