YDX signs partnership with Launch Family Entertainment to distribute Arkave VR
ACCESS Newswire
VANCOUVER, BC / ACCESSWIRE / September 26, 2019 / YDX Innovation Corp (YDX.V)(OTC PINK:YDRMF)(FSE:A2PB03) ("YDX" or the "Company") is pleased to announce that it has signed an agreement with the Corporate Office of Launch Family Entertainment to have Arkave VR as an official solution to be offered to the franchisees. The companies have also agreed to install an Arkave VR arena at Launch Hartford, in Connecticut, USA. The arena in Hartford is operated by Launch Corporate and is a model to test new solutions before they can be officially offered to franchisees.
Arkave VR will be included as a solution of Paradox, a sub-brand created by Launch to offer attractions classified as electronic games and Virtual Reality. The Company will create special conditions to offer Arkave VR to the current 33 operating locations of Launch Parks and to the other 33 stores currently under development.
"We are thrilled with the partnership with Launch and appreciate the trust in our product. This all started by testing Arkave at Launch Doral so we could learn more about how to operate a VR attraction at a trampoline park and we are happy to see the relationship developing. We are constantly improving the product so our clients can have the best of VR in their locations and bring the best return of their investment" - stated Daniel Japiassu, CEO of YDX Innovation Corp.
About Launch Family Entertainment
Launch Trampoline Parks is a part of one of the fastest-growing family recreation trends. The trend started almost a decade ago with only a handful of trampoline parks and has grown with industry revenues at approximately $680 million according to the industry association.
Each Launch is a year-round family entertainment center featuring giant trampoline jump surfaces, ninja style obstacle courses, climbing walls, laser tag, battle pit, bowling, and more. The arcade and Krave restaurant provide guests with more services while providing additional revenue streams to owners. This makes Launch the perfect social gathering place for date night, birthday parties, family events, corporate events, church outings, fundraisers or just friendly get-togethers in a safe and enjoyable environment.
YDX Innovation Corp. (TSXV- YDX :: www.ydxinnovation.com is a technology company that develops products and services and is an expert in immersive technologies like Augmented and Virtual Reality, eSports events and Interactive Exhibitions.
Currently three divisions are part of the YDX Family:
Arkave VR Arena - https://sales.arkavevr.com/ - a gaming platform that brings the most immersive Virtual Reality experience to Location Based venues with a highly scalable business model.
Arkave VR has five Arenas in the United States, a flagship store being built in Canada and is being sold through a network of distributors that will focus on the thousands of Family Entertainment Centers throughout North America, in constant search for innovative attractions.
YDreams Global - www.ydreamsglobal.com - have developed over 1,300 interactive experiences for clients all over the world such as Disney, NBA, Adidas, Cisco, Nokia, Nike, Mercedes-Benz, Coca-Cola, Santander, AmBev, Qualcomm, Unilever, City of Rio and Fiat.
Game On Festival - www.gameonfestival.com - is a new event under development by the Company that combines eSports Tournaments with a large Interactive Exhibition about the videogame industry and its history.
Although the project represents a growing trend and focus on creative VR projects for the Company, revenues and other financial metrics at this moment from the project are not material to the Company and are generally consistent with other recent completed projects and those in the Company's current pipeline.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This communication contains "forward-looking statements" within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact herein, including, without limitation, statements regarding our current and future plans and objectives, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and future events and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations as well as a list of risk factors that we deem relevant are disclosed in the documents we file from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound. Forward-looking statements are based on our current assumptions, estimates and opinions and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. We do not undertake any obligation to update forward-looking statements should our assumptions, estimates or opinions change, other than as required by law and readers are advised not to place undue reliance on forward-looking statements.
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward‐looking statements". Forward‐looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward‐looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward‐looking statements.
