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Virtual Interactive Technologies Corp. Provides Report on Company Progress

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Virtual Interactive Technologies Corp. (OTC: VRVR) provided an update on its future direction, emphasizing its commitment to financing and developing video game titles. Currently, VRVR holds rights to several titles, including Carmageddon and Catch & Release, which are available on popular platforms like Steam. The company aims to expand by collaborating with current developers and engaging new talents to bring innovative gaming experiences to market. VRVR's strategy focuses on leveraging resources to identify trends and grow shareholder value.

Positive
  • VRVR maintains royalty rights to popular titles like Carmageddon, ensuring continued revenue streams.
  • The company plans to expand its portfolio by collaborating with both established and emerging game developers.
Negative
  • None.

Denver, Colorado, Dec. 14, 2021 (GLOBE NEWSWIRE) -- Virtual Interactive Technologies Corp., (OTC: VRVR) (“VRVR” or the “Company”), a multi-platform video gaming company is pleased to share an update on the company and its focus moving forward.

Virtual Interactive Technologies has historically financed several video game titles, all of which remain within our portfolio. Those titles include: Carmegeddon MaxDamage, Carmageddon Crashers, Interplanetary Enhanced Edition, Worbital, and Catch & Release. Carmegeddon titles were re-incarnations of a popular PC game released in 1997. The rights to the game were obtained by Stainless Games and are currently owned by THQ Nordic (OTC: THQQF). VRVR still maintains royalty rights to the Carmageddon titles which are available on several platforms. Worbitol and Interplanetary are both available on the Steam digital distribution platform. Catch & Release is a highly rated Virtual Reality based fishing game also currently available on the Steam platform.

VRVR is currently moving forward on bringing additional titles to the gaming marketplace. We will continue to team with existing game developers and form strategic alliances with up-and-coming developers to bring exciting experiences to market. We will maintain our strategy to be actively engaged in leveraging our resources to find new trends and technologies in the gaming world and to grow our reputation and assets to deliver greater returns to our shareholders.

Please stay updated and follow our success as we move forward by visiting our website at www.vrvrcorp.com or by following us on Facebook, Instagram, and Twitter.

About Virtual Interactive Technologies Corp.

Virtual Interactives Technologies Corp. (www.vrvrcorp.com) is a Denver, Colorado based video game production, publishing, and technology company. The company currently has a portfolio of five video game titles which include: Carmegeddon MaxDamage, Carmegeddon Crashers, Interplanetary Enhanced Edition, Worbital, and Catch & Release VR. The Company finances the development of video game projects to be release on various popular gaming platforms with an emphasis on mobile gaming, virtual reality, and other new and emerging gaming technologies. We look to team with existing game developers as well as offering our own expertise in development solutions, publishing, and marketing video game products. We are constantly engaged in finding ways to reinvest our royalty income streams into further growing our royalty contracts and intellectual property in the video gaming industry.

For Additional Information

Bruce Nurse - Investor Relations
(303) 919-2913
info@vrvrcorp.com


FAQ

What is the recent update from Virtual Interactive Technologies Corp. (VRVR)?

Virtual Interactive Technologies Corp. provided an update on its strategy to finance and develop video games, focusing on expanding its portfolio through collaborations with other developers.

Which video game titles does VRVR currently own rights to?

VRVR currently owns rights to titles including Carmageddon MaxDamage, Carmageddon Crashers, Interplanetary Enhanced Edition, Worbital, and Catch & Release.

How does VRVR plan to enhance its market presence?

VRVR aims to enhance its market presence by forming strategic alliances with game developers and exploring new trends in gaming technology.

Where can I find more information about VRVR?

More information about Virtual Interactive Technologies Corp. can be found on their official website at www.vrvrcorp.com.

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2.20M
6.26M
19.17%
Electronic Gaming & Multimedia
Communication Services
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United States of America
Denver