Da News Source Stockwatch 2024-02-08 16:45 ET - News Release
Ms. Nicole Payawal reports
GOOD GAMER ENTERTAINMENT INC. SIGNS LETTER OF INTENT WITH COMMUNITYLOGIQ SOFTWARE INC. AND PROVIDES CORPORATE UPDATE
Good Gamer Entertainment Inc. has signed a letter of intent (LOI) with CommunityLogiq Software Inc. This LOI outlines a proposed transaction for the company to acquire an exclusive software licence for the UrbanLogiq risk management platform, enhancing the company's technological capabilities and market reach.
Under the proposed terms of the LOI, the company will acquire an exclusive, worldwide licence for the UrbanLogiq risk management platform. This acquisition represents a key step in the company's strategy to leverage cutting-edge technology to provide innovative solutions across various industries. The consideration will involve the issuance of 2.5 million common shares of the company and a cash payment of $250,000 to CommunityLogiq.
The transaction is subject to the entry into a definitive agreement, including the customary conditions contained therein, as well as the acceptance of the TSX Venture Exchange.
Search monetization platform progress
From Sept. 1, 2023, to Jan. 31, 2024, the company's focus on search monetization has yielded approximately $118,510 in revenue. This achievement underscores the company's dedication to building out its artificial-intelligence-driven search monetization platform, a cornerstone of the company's strategy to innovate within the digital advertising space. The company's team is continuously working to enhance the platform's capabilities, ensuring it remains at the cutting edge of technology and market needs.
Continued development of TurboContent.ai
The company remains committed to the development of TurboContent.ai, the company's AI-powered content and image generation platform. Currently in beta, TurboContent.ai is designed to transform how businesses engage with their audiences, offering intuitive prompts that produce diverse, plagiarism-free content across various formats. This platform features advanced capabilities, including text-to-speech, speech-to-text and the creation of photorealistic images from simple prompts. As the company continues to refine and enhance TurboContent.ai, the company is excited about its potential to redefine content creation and digital engagement.
Playcash loyalty rewards app surpasses 100,000 installations
The company's innovative mobile Android application, has continued to captivate and engage users, surpassing over 100,000 installations by the end of 2023. This significant milestone reflects the app's compelling appeal and the successful expansion of the company's user base. Playcash has consistently provided users with a rich variety of downloadable and non-downloadable games, along with engaging surveys, reinforcing Good Gamer's expertise in creating captivating digital experiences. This achievement not only highlights the company's app's growing popularity but also supports its strategic vision as the company evolves and expand its presence beyond the gaming sector.
Change of directors
The company also announces the resignation of Russ McMeekin from the board of directors. Mr. McMeekin has been an invaluable member of the Good Gamer team, contributing significantly to our strategic direction and growth. The company would like to express its sincere gratitude for his services and dedication during his tenure.
About Good Gamer Entertainment Inc.
Good Gamer Entertainment is a forward-thinking technology company dedicated to innovating and utilizing AI in technology. With a focus on developing cutting-edge solutions, Good Gamer is committed to enhancing how businesses engage with their audiences and data.
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