Virtual Interactive Technologies Corp. Provides Shareholder Update and 2023 Outlook

Rhea-AI Summary

Virtual Interactive Technologies Corp. (OTC: VRVR) provided a corporate update and outlined plans for 2023, focusing on game development and expansion. The company is set to launch games based on 'Dog the Bounty Hunter' and 'Micro Card Battler' later this year. Additionally, VRVR aims to develop a metaverse game called 'Extrosive' centered on Wall Street themes. The company is also preparing for a potential up listing to a senior exchange, emphasizing the need for governance and business metrics. Investors are encouraged to visit the new website for further insights.

Positive

• Upcoming game launches for 'Dog the Bounty Hunter' and 'Micro Card Battler' expected in late 2023.
• Development of Extrosive, a metaverse game focused on Wall Street, is underway.
• Potential plans for a senior exchange up listing, indicating future growth.

Negative

• None.

Video game markets remain strong as VRVR looks to expand its portfolio in 2023

Denver, Colorado, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Virtual Interactive Technologies Corp., (OTC: VRVR) ("VRVR" or the "Company"), an American multi-platform video gaming developer and publisher, is pleased to provide a corporate update and a forward look to 2023.

Dear Shareholders,

We had a busy 2022 working to position the company for future growth. After signing Duane “Dog” Chapman aka “Dog the Bounty Hunter” in late 2021 we began the work of assessing the best path for the launch of some initial games based on the “larger than life” personality of “Dog the Bounty Hunter”. We also signed an agreement with Hammer Slammer games out of Berlin, Germany for development of “Micro Card Battler” an RPG (Role Playing Game) inspired by card battler games. We also set up our advisory board and expanded on our developer relationships.

In research published November 14, 2022, Morgan Stanley analysts remain bullish on the industry in 2023. As 2023 kicks off we look forward to being even busier than 2022 as we intend to expand our gaming portfolio.

• We are planning to launch our first game in the “Dog the Bounty Hunter” franchise later in 2023. We hope to be able to give everyone a glimpse of what to expect from the game in the coming weeks.
• Our partners at Hammer Slammer Games, have finished the prototype and pre-production phase and are ready to move to production and marketing phases. Micro Card Battler is designed to put a laser focus on juicy combat, slaying enemies, creative builds, growing more powerful and finding hoards of treasure and delivering all of this in spades. We hope to launch this game late in 2023 as well.
• In late 2022 we announced a new brand called “Extrosive”. With Extrosive we look to build a Metaverse game for the glamorous world of Wall Street, High-Speed trading involving community building, quantified self, and Digital Assets. Extrosive is currently in the concept phase.
• As we move forward in 2023 we are also planning to add additional advisory board members, seek additional developer relationships.
• As resources allow, we also plan to explore additional titles as it relates to the “Dog the Bounty Hunter” franchise, other unrelated titles, open our own development studio and look for additional celebrity relationships.
  

From a capital markets perspective, we are taking the steps necessary to position the company for a future up list to a senior exchange. We understand the business metrics involved as well as the governance requirements and we will be managing to those objectives. Stay tuned for future news on these developments.

We invite investors and gamers to visit and explore our new website to learn about Virtual Interactive Technologies, its gaming products and the exciting vision we have for the future.

About Virtual Interactive Technologies Corp.

Virtual Interactive Technologies Corp (OTC: VRVR) or ("the Company") is a next-generation game and metaverse developer publisher that creates experiential immersion experiences by harnessing the latest technologies, including Blockchain and digital assets. The Company's newly launched brand, Extrosive, is building a metaverse that replaces traditional boring financial experiences with a new paradigm, "global Prosperity space" (gPs). This new asset class dynamically augments global and local realities and builds communities of aligned financial values, virtuous economies, and a trusted network. The result would be a metaverse game for the glamorous world of Wall Street, High-Speed trading involving community building, quantified self, and NFTs – a pure adrenaline rush! In addition, the Company continues to build on its successful catalog that includes Carmageddon Max Damage, Carmageddon Crashers, Interplanetary: Enhanced Edition, Catch & Release, and Worbital. The Company also entered into a joint development partnership with Duane Lee "Dog" Chapman, of the "Dog The Bounty Hunter" fame, to develop and promote multiple games across several platforms.

For Additional Information:
Investor Relations info@vrvrcorp.com

Safe Harbor Statement / Forward-Looking Statements

Statements included in this press release, which are not historical in nature, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements relating to the future performance of the Company are subject to many factors including, but not limited to, the customer acceptance of the products in the market, the introduction of competitive products and product development, the impact of any product liability or other adverse litigation, working capital and availability of capital, commercialization and technological difficulties, the impact of actions and events involving key customers, vendors, lenders, competitors, and other risks. Such statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. When used in this press release, the terms "anticipate", "believe", "estimate", "expect", "may", "objective", "plan", "possible", "potential", "project", "will", and similar expressions identify forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof, and we do not undertake any obligation to update any forward-looking statements, whether as a result of future events, new information, or otherwise.

Source: Virtual Interactive Technologies Corp.

FAQ

What are Virtual Interactive Technologies Corp.'s plans for 2023?

VRVR plans to launch two new games, including one based on 'Dog the Bounty Hunter' and another called 'Micro Card Battler'.

When will the new games from VRVR be released?

The games are expected to launch in late 2023.

What is the Extrosive brand by Virtual Interactive Technologies Corp.?

Extrosive is a new brand focusing on creating a metaverse game centered around Wall Street and high-speed trading.

Is Virtual Interactive Technologies Corp. planning to up list to a senior exchange?

Yes, VRVR is taking steps to position itself for a potential up listing to a senior exchange.

What type of games is VRVR developing?

VRVR is developing role-playing games and metaverse games that incorporate community building and digital assets.