GMGI PK Golden Matrix up +40% move today on 32M volume in trades while waiting Fiscal Report

Discussion in 'Penny Stocks' started by Pyro, Aug 22, 2019.

  1. Pyro

    Pyro New Member

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    GMGI Golden Matrix +40% move today on 32M volume in trades while waiting on the Fiscal year Annual Report they decided to tease us with releasing earnings from just ONE of their 300 major licensed operator Casinos. Up 73% on Distributors Revenue Contribution in Previous Quarter. Looks like their earlier report for the TOTAL from the 300+ operator/distributors will be higher than expected. Due very soon.

    Still sub penny, but not for long, IMO. Amazing, a profitable penny stock, who'da thunk it? GMGI

    Company Sees “Continued and Significant” Revenue Growth Aided by Recently Added Chinese Traditional Gaming Portfolio

    According to Golden Matrix CEO Anthony Goodman, “We are highly encouraged by this big uptick in revenue generation and contribution by REDLABEL, and we are confident they will continue to be an important source of revenue growth for Golden Matrix going forward. We can attribute the recently introduced Chinese Traditional Gaming (CTG) Portfolio to our total game offerings as a major factor, and we expect it to contribute to significant revenue growth for the foreseeable future.”

    Mr. Goodman said Golden Matrix is currently integrating additional operators to increase game usage of the CTG Portfolio, and “in the coming weeks we expect to engage with one of the largest gaming distributors now operating in the APAC region.”

    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.

    “The growth in demand for our platform demonstrates the stability, reliability and popularity of the GM-X system and its gaming content,” concluded Mr. Goodman. “We are pleased to be a go-to company for adding significant content value to distributors and their active user networks.”

    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.

    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
     

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