slbg - SLBG STOCK NEWS

Slinger (OTCQB: SLBG) has announced its acquisition of PlaySight Interactive Ltd., a leader in sports video technology and analytics, enhancing its connected sports strategy. This acquisition, valued at approximately $82 million, will significantly expand Slinger's presence in the global tennis market and boost its AI video capabilities. PlaySight's automated production and data analytics will provide ongoing revenue through its existing sports clients. This move is seen as pivotal in establishing Slinger as a premier global connected sports company.

Slinger (OTCQB: SLBG) announced its participation at the 14th annual LD Micro Main Event on October 13th at 6:30 a.m. PST / 9:30 a.m. EST. CEO Mike Ballardie will present Slinger’s strategic transformation into a connected sports company, highlighting acquisitions of advanced technologies targeting over 100 million global players in tennis and racquet sports. The event runs from October 12-14 featuring approximately 150 companies presenting virtually.

Slinger (OTCQB: SLBG) has launched an exclusive partnership with DLD to introduce the Slinger Bag to the Brazilian tennis market. This expansion targets over 2 million players and 70,000 clubs in Brazil. CEO Mike Ballardie emphasized the company's goal to meet strong demand from local tennis enthusiasts. The Slinger Bag has gained global traction, achieving over $250 million in distribution deals across 60+ countries since 2020. Tennis legend Bruno Soares expressed excitement about the product's potential impact at all levels of play in Brazil.

Slinger (OTCQB: SLBG) has announced its agreement to acquire GAMEFACE.AI, an AI technology provider for sports, for a transaction valued at $24 million. The deal involves acquiring 100% of GAMEFACE.AI's shares in exchange for 6,666,667 shares of Slinger common stock and up to $3.5 million in contingent considerations. This acquisition aims to enhance Slinger's AI capabilities for performance analysis and data collection through its connected sports offerings, particularly in tennis. The AI market in sports is projected to grow at 28.7% annually.

Slinger (OTCQB: SLBG) reported a strong first quarter for fiscal 2021, with net sales increasing by 349% to $2.5 million. New orders reached $3.7 million, driven by heightened demand for the Slinger Bag. However, the company faced $1.1 million in delayed revenue due to global shipping challenges. Gross profit improved to $0.8 million, up from a loss of ($0.4 million) a year prior, despite a net loss of ($3.4 million) and a loss per share of ($0.12). The company is pursuing an uplisting to NASDAQ to enhance capital access and brand visibility.

On September 14, 2021, Slinger (OTCQB: SLBG) announced that its recently acquired Foundation Tennis technology SaaS platform has joined Square's App Partner Program. This partnership allows Foundation Tennis to access thousands of US tennis businesses and over one million users, enhancing its market reach and service offerings. The collaboration will enable Slinger to integrate Square's services, providing improved customer experiences as they expand into new sports and verticals, promising significant growth potential.

Slinger (OTCQB: SLBG) has partnered with the Chicago District Tennis Association (CDTA) as the 'Official Practice Partner' to promote tennis in the region. This collaboration aims to leverage the growing interest in tennis by introducing the Slinger Bag and upcoming technologies across over 500 tennis facilities in Chicago. The initiative reflects Slinger’s commitment to enhancing player experiences and increasing participation in the sport. CEO Mike Ballardie emphasized the transformative potential of Slinger’s products and technologies for tennis enthusiasts.

Slinger (OTCQB: SLBG) has entered a strategic partnership with the Mouratoglou Academy, a premier tennis training facility founded by renowned coach Patrick Mouratoglou. This collaboration will integrate the Slinger Bag into the academy's coaching culture and training programs, allowing coaches to utilize the Slinger Bag for enhancing player performance. Additionally, Slinger will produce instructional content featuring top Mouratoglou coaches to benefit students across locations. This alliance is aimed at broadening Slinger's footprint in the tennis industry and promoting its innovative training technology.

Slinger (SLBG) has successfully completed a private placement offering to enhance its growth trajectory as a connected sports company. This funding round includes participation from small cap-focused investment funds and high-net-worth individuals. Slinger reported FY 2020 gross sales of $11.2 million, selling approximately 20,000 units of its flagship product, the Slinger Bag. The company aims to deepen its global tennis market presence while launching new products, including an AI-powered app and additional ball launchers, furthering its mission to innovate sports technology.