Integrity Gaming Corp. V.IGAM

Y/E 2016

[Riverfolk]

0. Overall Performance

   The Company’s revenue increased by 3% from $3,893,546 in Q3 2016 to $4,027,458 in Q4 2016. The Company’s revenue increased by 14% from $3,525,411 in Q4 2015 to $4,027,458 in Q4 2016.

   Highlights of activities and results of operations during the three months and the year ended December 31, 2016:

   • For the quarter ended December 31, 2016, Poydras recorded a net loss of $2,935,028 or $0.08 per share.

   • For the quarter ended December 31, 2016, Poydras’ Adjusted EBITDA was $2,315,913.

   • As at December 31, 2016, Poydras had total assets of $40,550,069 consisting of $7,807,297 of current

     assets and $32,742,772 on non-current assets.

   • As at December 31, 2016, Poydras had total liabilities of $33,733,524 consisting of $7,322,533 of current liabilities and $26,410,991 of non-current liabilities. 
      

     • As of December 31, 2016, Poydras had participating interests in approximately 2,618 revenue generating machines.

     The Company expects to continue to add to its revenues from both new and existing contracts. The Company is also taking steps to evaluate expansion opportunities into other geographies beyond the Oklahoma and Texas markets 

As of December 31, 2016, Poydras had cash of $3,371,341, compared with $2,275,174 of cash on December 31, 2015.