Dear Tiidal shareholders
As we leave the summer and our 3rd quarter, I wanted to give you an update on the progress we have made over the year and the incredible potential we have for the future.
As you all know, the last 12 to 18 months have been challenging in the macroeconomic environment, with global economic uncertainty remaining a key issue. We saw a correction in the technology sector and a lack of funding activity in the North American public markets.
Despite these turbulent times,
We are fortunate to have a core group that strongly believes in what we do and in the substantial opportunity this market offers over the next few years. Skill-based betting, in-play betting and esports generally represent a blue sky opportunity and their digital nature makes them a truly unique market. We are still on the ground floor of what is an amazing company with our cutting edge technology.
I joined Sportsflare (our soon to be renamed company) because of their amazing team. The founders have a strong passion for betting and technology, combined with expertise in sports betting and interactive entertainment that is second to none. The longer I have worked with them, the more impressed I have been with their work and the products we deliver.
Based on a deep understanding of artificial intelligence and esports, they were able to create cutting-edge technology capable of in-game predictions, providing a unique offering that competitors are unable to offer. . The result is ‘Flash Markets’, a betting product that is the first of its kind for esports.
Flash Markets allow a player/bettor to watch a live
Last week at the SBC Summit Barcelona event, we had the chance to showcase this product to the best direct-to-consumer betting sites in the world as well as the best business-to-business providers in the industry. Everyone was excited to get a direct preview of the product and wanted to know when and how to get access to it. Our goal, from this show, is to distribute the product through these two channels, allowing us to highlight our product to the best and leading sports betting sites in the world. Our goal will be to foster relationships with the prospects we have met and turn them into customers in the near future.
You can expect more Flash Markets product announcements in the fall of 2022.
It’s what we’ve been waiting for – the opportunity to grow the business after making sure we have the product set we need to be successful and complementing it with high level professional risk and trading, which was sorely lacking in the esports industry. Part of that was accessing live data. On
Our deal with Bayes was twofold. Not only did we get access to the best data available, but we also got a new client. At SBC, Bayes announced that it is launching Bodex, the esports betting platform that will be the new esports home base for Betradar customers. We are part of Bodex’s pre-match and live odds offering. This is the beginning of growing our revenue base and demonstrating the capabilities of our products at the highest level.
Stay tuned for future updates. We look forward to sharing more exciting news over the fall. As always, I’m available to answer your questions and share our story.
In addition, the Company granted certain Sportsflare employees and a director options to acquire a combined total of 1.6 million common shares at an exercise price of
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This press release contains certain forward-looking statements that reflect the Company’s management’s current beliefs and/or expectations regarding future performance, business and events. Forward-looking statements are based on then-current expectations, beliefs, assumptions, estimates and forecasts about the business, industry and markets in which the Company operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Accordingly, readers should not place undue reliance on forward-looking statements and information, which are qualified in their entirety by this cautionary statement. The Company undertakes no obligation to publicly release revisions to update voluntary forward-looking statements, except as required by applicable securities law.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of