Golden Matrix on Track to Record Sixth Straight Quarter of Rising Revenues Golden Matrix on Track to Record Sixth Straight Quarter of Rising Revenues Fourth quarter revenues expected to exceed $780,000.00, an improvement on third quarter revenues of $737,169 LAS VEGAS, NV -- July 17, 2019 -- InvestorsHub NewsWire -- Golden Matrix Group Inc. (OTCPK: GMGI) a technology-driven company that designs and develops social gaming platforms, systems and gaming content, today said that for the fourth fiscal quarter ended July 31, 2019, it expects to report revenues exceeding $780,000, an improvement on revenues of $737,169 generated in its third quarter ended April 30, 2019. Fourth quarter 2019 revenues are also expected to be a 54% improvement on Q4 ’18 revenues of $510,656, and would make it the company’s sixth consecutive quarter of rising revenues. “As with previous quarters in fiscal 2019,” said Golden Matrix CEO Anthony Goodman, “our strong Q4 revenue growth has produced solid profitability and excellent cash flow. Now, with a healthy cash position, complemented by our popular GM-X platform and strong ongoing relationships with some of the gaming industry’s key players, Golden Matrix is in an excellent position to consider a program of corporate expansion. As previously stated, we are pleased with several opportunities already under consideration, and we will keep our shareholders advised of developments as they occur.” Golden Matrix revenues are derived primarily from licensing fees received from gaming operators located in the Asia Pacific (APAC) region and integrated with the company’s state-of-the-art GM-X platform. Currently there are over 300 active operators and more than 1.5 million registered users across all gaming operator/GM-X platforms. Mr. Goodman added, “The excitement among active users for our recently introduced proprietary games has exceeded our expectations and will provide a significant boost to overall revenues and profits. We are confident that their growing popularity will lead to their rapid adoption by many additional operators in the robust APAC gaming markets.” About Golden Matrix Golden Matrix Group, based in Las Vegas NV, is an established gaming technology company that develops and owns online gaming IP and builds configurable and scalable white-label social gaming platforms for its international customers, located primarily in the Asia Pacific region. The gaming IP includes tools for marketing, acquisition, retention and monetization of users. The company's platform can be accessed through both desktop and mobile applications. Our sophisticated software automatically declines any gaming or redemption requests from within the United States, in strict compliance with current US law. Forward-Looking Statements This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements. Connect with us: Twitter - https://twitter.com/GMGI_Group Instagram - https://www.instagram.com/goldenmatrixgroup/ Golden Matrix Group Tel: (702) 318-7548 Scott Yan [email protected] www.goldenmatrix.com
GMGI - Half A Penny Buys A Lot! Going Up, Sale Ends Soon. Golden Matrix on Track to Record Sixth Straight Quarter of Rising Revenues
GMGI - Golden Matrix, Over $1.4m cash in the bank, over $1m NET PROFIT for the 9 months ended April 30, 2019, and positive shareholder equity. I don't think you're gonna find any other sub penny in the otc with these numbers. Record Sixth Straight Quarter of Rising Revenues https://www.goldenmatrix.com/ I am a shareholder - Please do your own due diligence before buying or selling ANY SECURITY in the open market, there are no guarantees, but there are opportunities.
GMGI with it's consistent earnings and continued growth, the Golden Matrix potential is huge! There are many countries in the APAC region. The region population is 4.3 billion, half the world's population! GMGI has over 300 operators and 1.5 million registered users currently. Gambling is not "legal" in all of these counties. However, just the China region of Macau alone, where GMGI began, exceeds Las Vegas gambling revenues. Now, with a healthy cash position, and the popular GM-X platform and strong ongoing relationships with some of the gaming industry's key players, Golden Matrix is in an excellent position to consider a program of corporate expansion. They already have several opportunities under consideration. It's easy to realize the massive potential for growth that GMGI has before them. With headquarters in Las Vegas, Sidney Australia, and Macau (Asian Las Vegas) near Hong Kong. Although their growth has been great to date, they have not even scratched the surface of potential new operators and users. I think it is safe to say, most investors have NOT discovered this remarkable Gem yet. I am a shareholder - Please do your own due diligence before buying or selling ANY SECURITY in the open market, there are no guarantees, but there are opportunities. www.goldenmatrix.com https://www.globenewswire.com/news-...enerating-Over-350-000-in-Daily-Wagering.html
GMGI generated $2,089,406. worth of revenues during the nine months ended April 30, 2019. They had a NET income of $1,033,113 for the nine months ended April 30, 2019. How many sub penny stocks can make that claim? I am a shareholder - Please do your own due diligence before buying or selling ANY SECURITY in the open market, there are no guarantees, but there are opportunities. www.goldenmatrix.com https://www.globenewswire.com/news-...enerating-Over-350-000-in-Daily-Wagering.html
GMGI Golden Matrix - Looking at their history, I noticed they were much faster getting out their Annual Report final than quarters. Their fiscal date is now, July 31. Also, I would expect an update on Operators and Registered Users soon. If I recall, the CEO said there were some potential deals on the table too. My point, I don't think we are going to be sitting quiet for long. GMGI has over 300 operators and 1.5 million registered users currently with cash in the bank and net profits. I am a shareholder - Please do your own due diligence before buying or selling ANY SECURITY in the open market, there are no guarantees, but there are opportunities. www.goldenmatrix.com https://www.globenewswire.com/news-...enerating-Over-350-000-in-Daily-Wagering.html https://www.globenewswire.com/news-...ixth-Straight-Quarter-of-Rising-Revenues.html
