posted
Friends, People say it will 0.12 short term
Press Release Source: B2Digital
B2Digital Closes on EuroSwiss Gaming Monday January 24, 7:00 am ET
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Jan. 24, 2005--B2Digital, Inc. (OTCBB:BTWO - News), a provider of Pay per View and Interactive Digital Services to the hospitality industry announced today that it has opened a new off shore division to facilitate the purchase of EuroSwiss Gaming, in the Turks and Caicos Islands, a relatively new licensed online poker and gaming operation under the umbrella of IOG Casinos, Antigua. http://www.euroswissgaming.com B2Digital President Robert Russell stated, "This is an online gaming site with proprietary software that fits well with our current hotel package and affords us entry into this high growth, primarily off shore sector. Online poker grew more than 700% last year, according to recent statistics, to over 4 billion dollars that was wagered online last year. In fact, to capitalize on this high growth sector, we have hired a separate operational team to fully pursue online gaming strategies; while we maintain focus on expanding our hotel business's Software package to now include 'gaming where legal' this benefits shareholders as it will create additional income from many of our properties through Hoteliers internationally as it gives us a distinctive marketing advantage."
The tremendous growth and attraction of poker has been evidenced by such shows as Celebrity Poker and the Travel Channel's 13-week WORLD POKER TOUR series, which was a ratings success on television, quickly becoming the highest-rated programming on that network in 2003 and 2004.
The 2004 winner of the World Series of Poker walked away with a world record prize of over $5 million, out of $49 million in total prizes, more than doubling the prize values awarded in 2003.
The Industry
A Bear Stearns report for the industry pegged annual revenue at $4.2 billion for 2003, while Christiansen Capital Advisors predicts a slightly rosier picture pointing to an estimated $4.5 billion in revenue for calendar year 2004, saying 2005 revenue could exceed $10 billion. www.PokerPulse.com estimates that approximately over $150,000,000 is wagered at online poker sites every day (24/7).
About B2Digital, Inc.
B2Digital, Inc. is a provider of video-on-demand and pay-per-view services to the hospitality industry with over 10,000 rooms now deployed in the United States alone. The Company is currently marketing hi-speed Internet access and VOD products, including wi-fi and now in room gaming where legal. The Company can now offer licensing of online poker and gaming software to the hotel industry worldwide. B2Digital is committed to delivering the next generation of interactive communication services to its growing database of clients. For additional information, please visit http://www.b2digital.com or http://www.euroswissgaming.com.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Information with respect to important factors that should be considered is contained in the Company's Annual Report on Form 10-KSB as filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
-------------------------------------------------------------------------------- Contact: B2Digital, Inc. Robert Russell, 310-281-2571 or Uptick.com James Wexler, 480-221-8080
Entry Material Agreement, Financial Statements and Exhibits
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT On January 14, 2005, B2Digital, Inc. entered into an Investment Agreement (the "Agreement") with Dutchess Private Equities Fund II, LP (the "Investor"). This Agreement provides that, following notice to the Investor, we may put to the Investor up to $12,500,000 of our common stock for a purchase price equal to 94% of the lowest closing bid price of our common stock on the Over-the-Counter Bulletin Board during the five day period following that notice. The number of shares that we are permitted to put pursuant to the Agreement is either: (A) 200% of the average daily volume of the common stock for the ten trading days prior to the applicable put notice date, multiplied by the average of the three daily closing bid prices immediately preceding the put date; or (B) $25,000; provided however, that the put amount can never exceed $1,000,000 with respect to any single put.
In connection with this Agreement, we agreed to register the shares issuable pursuant to the Agreement. Copies of the Agreement and Registration Rights Agreement are filed as exhibits to this Form 8-K.
-------------------- May your trading build your character as well as your portfolio.
IP: Logged |
posted
About Dutchess Private Equities Fund, II, L.P
Dutchess Private Equities Fund, II, L.P. is engaged in assisting growth companies in all facets of their long-term strategy, by providing capital and progressive business solutions. Through Dutchess Private Equities Fund, II, L.P, Dutchess manages a portfolio of private investments in public equities ("PIPEs"). Founded in 1996, Dutchess has transacted in excess of $300 million in financings for growth companies.
========================================
I would think it was good, and some stocks do go down on good news
-------------------- May your trading build your character as well as your portfolio.
IP: Logged |
posted
Thanks Thorn..BTWO News Today is Good Actually IMO Official Clarification Tomorrow..More News Thursday...
..confirmation per friends conversation w/company tonight...
novakcapital: Did I answer all of your questions regarding the mis leading 8K? novakcapital: jjcdias : what about this PR about 100k from betting site--is that coming out tomm me : CEO stated that 100K came from new casino me : news by Thursday jjcdias : casino ok jjcdias : what kinda work u doing for them me : The 8K was the original idea, a bad idea but they are not using this anymore me : they are going to list on the Germany exchange me : which will have no effect on the OTC market daytraderdr: so do we have a consensus here that BTWO is still a buy? novakcapital: I can vouch that this companies is legit and there is no dilution novakcapital: as per the CEO himself novakcapital: I can put you on the phone with them if you want novakcapital: Europe buyers are coming into tomorrow and news thursday
-------------------- siggy: 'the poorest way to help the poor is to be poor' / jmichael1974 (yahoo)
IP: Logged |
B2Digital, Inc. Secures $12.5M in Equity Financing Thursday January 27, 7:00 am ET New Funding Comes on Heels of The Purchase of Euroswissgaming
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Jan. 27, 2005--B2Digital, Inc. (OTCBB:BTWO - News), a provider of Pay per View and Interactive Digital Services to the hospitality industry, announced today that the company has secured a funding commitment for up to $12.5 million from Dutchess Private Equities Fund, II, LP. B2Digital President Robert Russell stated, "We are excited to enter into another equity line agreement with Dutchess Private Equities Fund. The funds will expedite our business development and the costs of these funds are relatively inexpensive. Based on the commitment, the cost of capital to the company will be far lower than the costs for other funding options that are available. This funding provides us the flexibility and control needed to develop our company in an orderly and cost effective manner."
Under the agreement, Dutchess Private Equities Fund has committed to purchase up to $12.5 million in shares over a 36-month period at B2digital's discretion. Ted Smith, Executive Vice President of Corporate Finance, stated: "We are pleased to have the opportunity to work with B2digital again in funding the development of the company. We look forward to continuing our relationship with management."
About B2Digital, Inc.
B2Digital, Inc. is a provider of video-on-demand and pay-per-view services to the hospitality industry, with over 10,000 rooms now deployed in the United States alone. The Company is currently marketing hi-speed Internet access and VOD products, including wi-fi and now in room "gaming where legal." The Company can now offer licensing of online poker and gaming software to the hotel industry worldwide. B2Digital is committed to delivering the next generation of interactive communication services to its growing database of clients. For additional information, please visit http://www.b2digital.com or http://www.euroswissgaming.com.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Information with respect to important factors that should be considered is contained in the Company's Annual Report on Form 10-KSB as filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
-------------------------------------------------------------------------------- Contact: B2Digital, Inc. Robert Russell, 310-281-2571 or Uptick.com James Wexler, 480-221-8080
-------------------------------------------------------------------------------- Source: B2Digital, Inc.
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Razz]](tongue.gif)
![[Frown]](frown.gif)
