LAS VEGAS, June 28, 2018 (GLOBE NEWSWIRE) -- Golden Matrix Group Inc. (OTCPK: GMGI), a developer and marketer of social gaming
platforms, today announced it has entered into a definitive distribution agreement with Sydney-based SendGold, a mobile asset
financial technology company offering gold bullion transactional services through its digital money platform.
Under terms of the agreement, SendGold’s gold bullion transaction service will be incorporated immediately into GMGI’s gaming
platform, thus building on GMGI’s offerings to the large client base of its many social gaming operators, and creating additional
monetization and gamer loyalty.
GMGI will also assist SendGold with the design and translation of its mobile and web applications for the Chinese market.
As a result of their collaboration, both companies are “particularly excited” about the opportunity to expand global interest in
SendGold’s Gold Rush, a mobile app allowing gamers to seek out digital gold almost anywhere in the world. Using sophisticated
technology similar to that of other popular games like Pokémon Go and Coderunner, Gold Rush is currently the only location game in
the market in which gamers can own real gold.
Once a gaming player in a Golden Matrix social game exchanges his in-game credits for digital gold, he can then register with
SendGold and take ownership of real gold - which immediately becomes his individually-owned property. Players can choose to either
keep the gold for investment purposes, or cash out straight to their local bank account, all in-line with regular gameplay.
SendGold’s Gold-as-a-Service platform currently enables players to cash out in local currencies to mainland banks.
Golden Matrix said it will receive revenue based on the activity it generates through SendGold-related transactions.
“This distribution agreement will not only help generate additional revenue for Golden Matrix,” said CEO Anthony Goodman, “but
also serve to support the company’s unique value proposition with our global clients. We can now provide social gaming audiences
with additional real-world value inside their current popular games.”
SendGold CEO Jodi Stanton added, “We expect our joint efforts with Golden Matrix to create new opportunities for revenue
generation and growth within the fast-growing, multibillion social gaming market.”
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.
About Mobile Assets (SendGold)
SendGold, based in Sydney, Australia, is an emerging, global financial technology firm with a peer-to-peer digital money
platform that is hyper-liquid, universally accessible, and based on one of the world’s best-known and most reliable stores of
wealth. SendGold customers own title to fully allocated physical gold and can use it for investment, gifting & global peer-to-peer
payments, in any amount, using just their phones. SendGold's unique innovative 'Gold Rush by SendGold' mobile app is a unique
approach to gamified, efficient customer acquisition and offers a Geo Location game similar to Pokemon Go, but with real gold.
SendGold and all of its operations are fully-regulated under Australian law. Company practices are regulated by The Australian
Securities and Investments Commission (ASIC) and the Commonwealth Corporations Act of 2001. SendGold is fully-compliant with the
Anti-Money Laundering and Counter Terrorism Act and company compliance is monitored by the Australian Transaction Reports and
Analysis Centre (AUSTRAC) under Designated Service Number 100529055.
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
Contact: Franco Sun
info@goldenmatrix.com
www.goldenmatrix.com
Jodi Stanton
Chief Executive Officer
Mobile Assets
Jodi.stanton@sendgold.com
www.sendgold.com