*NEW* Explainer Video Here: https://youtu.be/jPoz1zjKt6Y
Signs definitive agreement to acquire 100% of the assets of “THE SIMS RESOURCE (TSR)” for C$20M in cash and stock.
Highlights:
-World’s LARGEST female video gaming website
-Generated C$7M in revenue, C$5.25M in Adjusted EBITDA & ~C$4.5M in Net Income last year!
-Ranked by Comscore’s in the top 5 independent video game websites
-Ranks #7 on Quantcast’s Top 25 websites with the highest concentration of female audience in the United States, closely behind Oprah.com and Bravotv.com
-~60% of revenue is derived from advertising with 40% received from monthly recurring subscribers.
Stock has been halted for 2 days... where is it going to trade today? GAME ON!!!!!!