Home Blog

i3 Blitzpools Fantasy Product Going Live In India

0

Toronto, ON – February 23rd, 2021 – i3 Interactive Inc. (“i3 Interactive” or the “Company”) (CSE: BETS) (FRA: F0O3) – is pleased to announce, as part of its 51% majority investment in Livepools, the news of its upcoming launch of its rebranded fantasy sports product BLITZPOOLS.

BLITZPOOLS, the skill-based fantasy gaming market in India, is set to launch with a captive audience of 1.5MM existing users and into an exploding demographic of existing and potential fantasy sports gaming audience.

With India Premier League (IPL) just around the corner, and the unexpected and overwhelming success of the previous IPL, BLITZPOOLS is extremely excited to present its product to the market.

BLITZPOOLS has partnered with a number top tier celebrities, influencers and cricketers alike who collectively have over 215MMM social media followers and who all share the vision of providing a best-in-class fantasy sports product to the Indian consumer.

BLITSPOOLS looks forward to announcing its association with these top tier personalities in India early March launch as it rolls into launch.

ABOUT I3 INTERACTIVE INC. 

The Company is in the business of providing customers with an online and mobile gaming platform which will provide sports fans worldwide with a unique and highly engaging social gaming product, and sports betting and casino product offering. In an effort to break into the various emerging global markets, i3 has secured partnerships with key social media influencers.

For additional information on the Company:

Email: info@i3company.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable Canadian securities laws.  Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. The forward-looking statements in this press release include statements relating to the projections for growth in the Indian online gaming market, the successful acquisition of BLITZPOKER and the timing of its acquisition, regulatory approval of the acquisition, the projections for growth in BLITZPOKER’s profit and popularity.  Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements, including, without limitation, (i) the costs of compliance with and the risk of liability imposed under the laws of the jurisdictions in which the Company is operating or will operate (the “Operating Jurisdictions”) including gambling laws and regulations, sports betting laws and regulations and mobile or online gambling and sports betting laws and regulations, (ii) negative changes in the political environment or in the regulation of mobile and online sports betting or gambling and the Company’s business in the Operating Jurisdictions, (iii) risks relating to COVID-19 (iv) negative shifts in public opinion and perception of the gambling industry, (v) significant competition in the industry, (vi) risks of product liability and other safety-related liability as a result of usage of the Company’s planned gambling and betting products, (vii) loss of intellectual property rights or protections, (viii) cybersecurity risks, (ix) constraints on marketing products,(x) fraudulent activity by employees, and (xi) risk of litigation. Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Readers are further cautioned that the assumptions used in the preparation of such forward-looking statements (including, but not limited to, the assumption that , (i) the Company’s financial condition and development plans do not change as a result of unforeseen events, (ii) there will continue to be a demand, and market opportunity, for the Company’s product offerings, (iii) the Company will be able to establish, preserve and develop its brand, and attract and retain required personnel, and (iv) current and future economic conditions will neither affect the business and operations of the Company nor the Company’s ability to capitalize on anticipated business opportunities) although considered reasonable by management of the Company at the time of preparation, may prove to be imprecise and result in actual results differing materially from those anticipated, and as such, undue reliance should not be placed on forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws. Forward-looking statements, forward-looking 

financial information and other metrics presented herein are not intended as guidance or projections for the periods referenced herein or any future periods, and in particular, past performance is not an indicator of future results and the results of the Company in this press release may not be indicative of, and are not an estimate, forecast or projection of the Company’s future results. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

i3 plans for rebrand of recently acquired Livepools

0

Toronto, ON – February 19th, 2021 – i3 Interactive Inc. (“i3 Interactive” or the “Company”) (CSE: BETS) (FRA: F0O3) – is pleased to share exciting news, further executing on its strategy in building the premier online gaming destination for Indian consumers.  It will be rebranding its recently acquired fantasy gaming company, Livepools, to BLITZPOOLS.

Livepools has already amassed a loyal customer base of over 1.5MM players and i3 recognizes the strong connection to the product the team at Livepools spent years building. As a result, i3 has already increased investment in product development to bring new and exciting features to our players.

With i3’s acquisition and successful entry into the Indian gaming market in August of 2020 with BLITZPOKER, the natural next step is extending the BLITZ brand across the fantasy sports product it acquired in Livepools.

i3 and the BLITZ brand in India will continue to prioritize the customer and in turn will offer industry leading bonuses for all existing players as they move through the migration from Livepools to BLITZPOOLS.  All new players are welcome and BLITZPOOLS will offer best in class bonuses, world class product innovation and customer support.

This rebrand is scheduled to take place March 1.  i3 plans to announce more information on this launch in the coming days. 

With this rebrand and continued push in the skill based online gaming category in India, i3 is on pace to deliver on its ambition to have 10MM customers playing its products before the end of 2022.  

ABOUT I3 INTERACTIVE INC. 

The Company is in the business of providing customers with an online and mobile gaming platform which will provide sports fans worldwide with a unique and highly engaging social gaming product, and sports betting and casino product offering. In an effort to break into the various emerging global markets, i3 has secured partnerships with key social media influencers.

For additional information on the Company:

Email: info@i3company.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable Canadian securities laws.  Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. The forward-looking statements in this press release include statements relating to the projections for growth in the Indian online gaming market, the successful acquisition of BLITZPOKER and the timing of its acquisition, regulatory approval of the acquisition, the projections for growth in BLITZPOKER’s profit and popularity.  Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements, including, without limitation, (i) the costs of compliance with and the risk of liability imposed under the laws of the jurisdictions in which the Company is operating or will operate (the “Operating Jurisdictions”) including gambling laws and regulations, sports betting laws and regulations and mobile or online gambling and sports betting laws and regulations, (ii) negative changes in the political environment or in the regulation of mobile and online sports betting or gambling and the Company’s business in the Operating Jurisdictions, (iii) risks relating to COVID-19 (iv) negative shifts in public opinion and perception of the gambling industry, (v) significant competition in the industry, (vi) risks of product liability and other safety-related liability as a result of usage of the Company’s planned gambling and betting products, (vii) loss of intellectual property rights or protections, (viii) cybersecurity risks, (ix) constraints on marketing products,(x) fraudulent activity by employees, and (xi) risk of litigation. Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Readers are further cautioned that the assumptions used in the preparation of such forward-looking statements (including, but not limited to, the assumption that , (i) the Company’s financial condition and development plans do not change as a result of unforeseen events, (ii) there will continue to be a demand, and market opportunity, for the Company’s product offerings, (iii) the Company will be able to establish, preserve and develop its brand, and attract and retain required personnel, and (iv) current and future economic conditions will neither affect the business and operations of the Company nor the Company’s ability to capitalize on anticipated business opportunities) although considered reasonable by management of the Company at the time of preparation, may prove to be imprecise and result in actual results differing materially from those anticipated, and as such, undue reliance should not be placed on forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws. Forward-looking statements, forward-looking financial information and other metrics presented herein are not intended as guidance or projections for the periods referenced herein or any future periods, and in particular, past performance is not an indicator of future results and the results of the Company in this press release may not be indicative of, and are not an estimate, forecast or projection of the Company’s future results. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

i3 commends Canadian Government efforts to legalize single event sports betting in Canada

0

Toronto, ON – February 18th, 2021 – i3 Interactive Inc. (“i3 Interactive” or the “Company”) (CSE: BETS) (FRA: F0O3) – is pleased to announce that, Bill C-218 was voted on and passed at second reading in the House of Commons on February 17, 2021. If Bill C-218 passes as currently constituted, it would grant provinces and territories in Canada the responsibility of regulating single-events sports gambling. 

Referred to as The Safe and Regulated Sports Betting Act, Bill C-218 repeals a section of Canada’s criminal code making wagering on a single sporting event illegal. Bill C-218 will now enter into the last phase of hearings with the Justice Committee where it could receive further amendments, and will then be sent to the Senate and the Governor General for Royal Assent.  

The vote was passed with overwhelming support in the House of Commons, which demonstrates the vast level of support from all parties for single-event sports wagering in Canada.

Chris Neville, CEO of i3 states, “The passing of Bill C-218 in the House of Commons with a vote of 303-15 is a positive move for the online gambling industry in Canada.   The state of New Jersey alone is generating $1 billion dollars of taxable income per month for the New Jersey government with the NJ receiving 16.5% of this billion monthly.   With the recent pandemic and the state of the financial economy of Canada, this bill comes at the best time possible.   Sports are a popular source of entertainment during this pandemic, and allowing people to bet on their favourite sports team will add so much excitement for the viewers. If this law is passed, the citizens of the country will no longer fear dealing with offshore books and getting their money paid out after successful bets. We expect this to be a prosperous industry in Canada.”  

“From a inter-company standpoint this will help progress our growth in the Canadian market and help grow our revenue to the levels to enhance shareholder value”, says Chris Neville.

ABOUT I3 INTERACTIVE INC. 

The Company is in the business of providing customers with an online and mobile gaming platform which will provide sports fans worldwide with a unique and highly engaging social gaming product, and sports betting and casino product offering. In an effort to break into the various emerging global markets, i3 has secured partnerships with key social media influencers.

For additional information on the Company:

Email: info@i3company.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable Canadian securities laws.  Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. The forward-looking statements in this press release include statements relating to: the passing of Bill C-218 by the Justice Committee, the Senate, and the Governor General for Royal Assent; Bill C-218, if passed, adding excitement for viewers in Canada; the single events sports gambling becoming a prosperous industry upon Bill C-218’s passing; and Bill C-218, if passed, progressing the Company’s growth in the Canadian market and helping grow the Company’s revenue to enhance shareholder value. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements, including, without limitation, (i) the costs of compliance with and the risk of liability imposed under the laws of the jurisdictions in which the Company is operating or will operate (the “Operating Jurisdictions”) including gambling laws and regulations, sports betting laws and regulations and mobile or online gambling and sports betting laws and regulations, (ii) negative changes in the political environment or in the regulation of mobile and online sports betting or gambling and the Company’s business in the Operating Jurisdictions, (iii) risks relating to COVID-19 (iv) negative shifts in public opinion and perception of the gambling industry, (v) significant competition in the industry, (vi) risks of product liability and other safety-related liability as a result of usage of the Company’s planned gambling and betting products, (vii) loss of intellectual property rights or protections, (viii) cybersecurity risks, (ix) constraints on marketing products,(x) fraudulent activity by employees, and (xi) risk of litigation. Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Readers are further cautioned that the assumptions used in the preparation of such forward-looking statements (including, but not limited to, the assumption that , (i) the Company’s financial condition and development plans do not change as a result of unforeseen events, (ii) there will continue to be a demand, and market opportunity, for the Company’s product offerings, (iii) the Company will be able to establish, preserve and develop its brand, and attract and retain required personnel, and (iv) current and future economic conditions will neither affect the business and operations of the Company nor the Company’s ability to capitalize on anticipated business opportunities; (v) the Justice Committee, the Senate, and the Governor General will approve Bill C-218 as currently drafted, or at all) although considered reasonable by management of the Company at the time of preparation, may prove to be imprecise and result in actual results differing materially from those anticipated, and as such, undue reliance should not be placed on forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws. Forward-looking statements, forward-looking financial information and other metrics presented herein are not intended as guidance or projections for the periods referenced herein or any future periods, and in particular, past performance is not an indicator of future results and the results of the Company in this press release may not be indicative of, and are not an estimate, forecast or projection of the Company’s future results. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

i3 Closes First Tranche of LivePools Acquisition

0

Toronto, ON – January 25, 2021 – i3 Interactive Inc. (“i3” or the “Company”) (CSE: BETS) (FRA: F0O3) is pleased to announce it has closed the initial tranche of the previously announced acquisition of LivePools Private Limited (“LivePools”). The Company’s subsidiary Redrush Online Private Limited (“Redrush”), has closed on the initial tranche of US$1,400,000 and has been issued 10,125 shares of LivePools, being 12.61% of the economic ownership in LivePools. Unless otherwise agreed, the remaining three tranches are expected to close on or before April 1, 2021, October 12, 2021 and February 1, 2022, respectively, for a total additional consideration of US$6,100,000. Upon closing of the remaining tranches, Redrush will own 51% of the economic ownership of LivePools and Redrush will have an option to acquire the remaining 49% of shareholdings in LivePools (the “Minority Interest”) for an additional US$7,500,000. As of closing of the initial tranche, Redrush also has the right to appoint a majority of directors on the board of directors of LivePools, and controls 51% of the voting rights in LivePools. 

LivePools is a company registered in India focusing within the Fantasy sports, rummy and real money skill based gaming space launched in 2018 by Gaurav Assomull and Vickram Assomull. LivePools has grown to over 1.5 million users with the aim to be over 10 million users by Q1 2022.

 i3’s management team commented “Our plan to enter the Indian gambling market began almost two years ago with an investigation into the best avenue to enter what is one of the largest and fastest growing online gaming markets in the world. We took our first step last year with the launch of i3’s BLITZPOKER platform. After the launch of BLITZBOKER exceeded the company’s expectations, our next step was to break into the already established and rapidly growing fantasy sports gaming segment in India. LivePools was a company i3 shortlisted as a potential acquisition after a year of reviewing similar opportunities. The first-class quality of the team, the proprietary technology, the efficient low-cost CPA and player activity and enjoyment through marketing and new product offerings made the decision to move forward with this opportunity very compelling. We are building what we believe will be the premier destination for Indian fantasy sports enthusiasts. Our commitment to product, customer service and exciting brand engagement is unwavering. Furthermore, the addition of fantasy sports to our existing poker offering works perfectly with our desire to continue to build an ecosystem that welcomes gamers of all skill levels. It’s all about having fun and engaging where you want and with the products you want and i3 believes we are that destination and we’re setting out to prove it”.

The closing of this initial tranche represents the Company’s commitment to the skill based online gaming market in India, which continues to exceed expectations as the fastest growing skill based online gaming market in the world. With the closing of this initial tranche, and the goal of acquiring controlling interest of LivePools, the Company has expanded beyond its successful launch of BLITZPOKER, executing on its strategy to create a world class experience and ecosystem for gamers. With this investment comes the addition of fantasy sports, rummy and quiz gaming to go along with the Company’s already successful poker product launch, continuing to round out the ecosystem which will soon include a number of additional product offerings such as esports and other skill-based games. 

ABOUT I3 INTERACTIVE INC. 

The Company is in the business of providing its customers with entertaining, exciting and engaging online gaming products with a unique blend of skill-based games and games of chance. The Company’s product suite includes social gaming, sports betting, poker, rummy, fantasy sports, quiz games as well as thrilling games of chance as part of its certifiably fair online casino. The Company will soon be adding to both its product offering and to geographic availability as it strives to make its products available everywhere globally.

Email: info@i3company.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements are often, but not always, identified by the use of  words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. The forward-looking statements in this press release include statements relating to the Company’s completion of the acquisition of the majority interest and completion of subsequent tranches of the acquisition. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements, including, without limitation, (i) the costs of compliance with and the risk of liability imposed under the laws of the jurisdictions in which the Company is operating or will operate (the “Operating Jurisdictions”) including gambling laws and regulations, sports betting laws and regulations and mobile or online gambling and sports betting laws and regulations, (ii) negative changes in the political environment or in the regulation of mobile and online sports betting or gambling and the Company’s business in the Operating Jurisdictions, (iii) risks relating to COVID-19 (iv) negative shifts in public opinion and perception of the gambling industry, (v) significant competition in the industry, (vi) risks of product liability and other safety-related liability as a result of usage of the Company’s planned gambling and betting products, (vii) loss of intellectual property rights or protections, (viii) cybersecurity risks, (ix) constraints on marketing products,(x) fraudulent activity by employees, and (xi) risk of litigation. Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Readers are further cautioned that the assumptions used in the preparation of such forward-looking statements (including, but not limited to, the assumption that (i) the Company will be able to fund the acquisition of the majority interest or additional tranches, as anticipated, (ii) the Company’s financial condition and development plans do not change as a result of unforeseen events, (iii) there will continue to be a demand, and market opportunity, for the Company’s product offerings, (iv) the Company will be able to establish, preserve and develop its brand, and attract and retain required personnel, (v) the growth of the gambling market in the Operating Jurisdictions, including the Indian gambling market, (vi) the Company’s success in breaking into the Indian gambling market, and (vii) current and future economic conditions will neither affect the business and operations of the Company nor the Company’s ability to capitalize on anticipated business opportunities) although considered reasonable by management of the Company at the time of preparation, may prove to be imprecise and result in actual results differing materially from those anticipated, and as such, undue reliance should not be placed on forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws. Forward-looking statements, forward-looking financial information and other metrics presented herein are not intended as guidance or projections for the periods referenced herein or any future periods, and in particular, past performance is not an indicator of future results and the results of the Company in this press release may not be indicative of, and are not an estimate, forecast or projection of the Company’s future results. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

i3 announces BLITZPOKER’s, largest India Biggest Online Poker Event, the IOPC

0

 Toronto, ON – January 20th, 2021 – i3 Interactive Inc. (“i3 Interactive” or the “Company”) (CSE: BETS) (FRA: F0O3) – Since its launch in August of last year, BLITZPOKER, majority owned by i3 Interactive Inc, has established itself as a premier destination for poker players of all skill levels with a particular focus on welcoming new players to poker. Determined to start the New Year with a bang, BLITZPOKER has launched the Indian Poker Online Championship (IOPC). This year, the IOPC features a guaranteed prize pool of INR 28 crores (almost $4MM USD) – making it India’s biggest online poker event. The tournament officially started on the 14th of January and is right now ramping into the most exciting parts of the event, which will conclude on 31st January 2021 with the main event “IOPC the Crown” with a 3.5Crore prize pool

Tapping into and further growing the already exploding gaming market in India, BLITZPOKER has established a foothold within the poker community, continuing its rapid growth since its launch. With its unique tournaments and competitions, BLITZPOKER has seen overwhelming adoption as the market has responded to its brand positioning bringing unique excitement to new and established poker players alike. BLITZPOKER’S latest event, the Indian Poker Online Championship (IOPC), is set to be the biggest online poker tournament by BLITZPOKER in India to date. 

Commenting on their rapid rise and their latest offering, BLITZPOKER Management added, “Thanks to the support of the Indian online poker community, we finished the year 2020 on a very high note with a lot of optimism entering 2021. We witnessed the enthusiasm via the community’s participation in our initiatives, either directly into tournaments or cash games or our general marketing initiatives designed to bring fun and engagement to the skill-based game of poker. This support continues to encourage us to bring new and exciting opportunities to help our players have fun learning the game of poker and to present opportunities to win industry leading prize pools. To start this New Year the BLITZ way, we are very pleased to announce the biggest online poker tournament in India, the Indian Online Poker Championship 2021 (IOPC). This tournament offers the adrenalin rush that every single online poker player in the country has been looking for. The IOPC reflects our faith in the Indian poker community, and we look forward to continuing to deliver above expectations and further advance the quality and quantity of the poker community across the board.” 

To make the IOPC more exciting, BLITZPOKER has introduced a long list of promotional offers, allowing their players to get more for their money and even win tickets to the tournament events. All players who deposit INR 250 and above will get a 20% bonus of up to INR 25,000.

Key highlights of the Indian Online Poker Championship:

  • The IOPC offers INR 28 crore (~ $4MM USD) guaranteed (GTD) in the prize pool.
  • The IOPC will host multiple tournaments with a total GTD of INR 24 Crore 
  • INR 1 Crore in giveaways to the top players on the leaderboard 
  • The Four Feature tournaments will be live streamed

The BLITZPOKER app allows players to earn real cash starting with zero to deposit amount. No better way to lean and get started! BLITZPOKER has their support team available on call, chat, email and social media to solve all player queries to ensure smooth gameplay and hassle-free cash outs/deposits, welcoming questions of any kind, any day of the year. 

ABOUT I3 INTERACTIVE INC. 

The Company is in the business of providing customers with an online and mobile gaming platform which will provide sports fans worldwide with a unique and highly-engaging social gaming product, and sports betting and casino product offering. In an effort to break into the various emerging global markets, i3 has secured partnerships with key social media influencers.

For additional information on the Company:

Email: info@i3company.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable Canadian securities laws.  Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. The forward-looking statements in this press release include statements relating to the projections for growth in the Indian online gaming market, the successful acquisition of BLITZPOKER and the timing of its acquisition, regulatory approval of the acquisition, the projections for growth in BLITZPOKER’s profit and popularity.  Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking 

statements, including, without limitation, (i) the costs of compliance with and the risk of liability imposed under the laws of the jurisdictions in which the Company is operating or will operate (the “Operating Jurisdictions”) including gambling laws and regulations, sports betting laws and regulations and mobile or online gambling and sports betting laws and regulations, (ii) negative changes in the political environment or in the regulation of mobile and online sports betting or gambling and the Company’s business in the Operating Jurisdictions, (iii) risks relating to COVID-19 (iv) negative shifts in public opinion and perception of the gambling industry, (v) significant competition in the industry, (vi) risks of product liability and other safety-related liability as a result of usage of the Company’s planned gambling and betting products, (vii) loss of intellectual property rights or protections, (viii) cybersecurity risks, (ix) constraints on marketing products,(x) fraudulent activity by employees, and (xi) risk of litigation. Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Readers are further cautioned that the assumptions used in the preparation of such forward-looking statements (including, but not limited to, the assumption that , (i) the Company’s financial condition and development plans do not change as a result of unforeseen events, (ii) there will continue to be a demand, and market opportunity, for the Company’s product offerings, (iii) the Company will be able to establish, preserve and develop its brand, and attract and retain required personnel, and (iv) current and future economic conditions will neither affect the business and operations of the Company nor the Company’s ability to capitalize on anticipated business opportunities) although considered reasonable by management of the Company at the time of preparation, may prove to be imprecise and result in actual results differing materially from those anticipated, and as such, undue reliance should not be placed on forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws. Forward-looking statements, forward-looking financial information and other metrics presented herein are not intended as guidance or projections for the periods referenced herein or any future periods, and in particular, past performance is not an indicator of future results and the results of the Company in this press release may not be indicative of, and are not an estimate, forecast or projection of the Company’s future results. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

i3 Updates on BLITZPOKER’s Success and Announces Planned Name Change

0

Toronto, ON – January 14th, 2021 – i3 Interactive Inc. (“i3 Interactive” or the “Company”) (CSE: BETS) (FRA: F0O3) is elated with the steady rise of the online gaming sector in India, BLITZPOKER, launched in August 2020, has already distinguished itself as a top destination for poker players. Despite its new entrant status, BLITZPOKER has shown early and impressive growth in a highly competitive space by offering a best-in-class product, industry leading and frequently copied marketing, as well as world class customer service & rewards programs. The early contribution to India’s online poker community has been a concerted effort and a source of pride for the BLITZPOKER team.   

Since its launch last August, BLITZPOKER has welcomed the participation of tens of thousands of poker players from across the country. With its exciting tournaments and attractive freerolls, combined with sharing special rewards for India’s celebration of Diwali and most recently its unique and very successful 12 days of Christmas holiday giveaway, the platform has grown to become one of India’s biggest and most exciting online poker destinations.  

To close the year BLITZPOKER’s December numbers hit all-time highs in almost every key metric. Most important to the BLITZPOKER team is the acquisition and retention of new and existing players, showing the exciting marketing combined with industry leading product and customer service is having the desired effect of providing an engaging, exciting and fair offering to all BLITZPOKER players. 

In 2021 the company will continue to invest in the online poker ecosystem, with further product improvements to go along with further investment in marketing, community development and partnerships with prominent personalities and influencers, consolidating its plan to become the number one poker destination in and continue to develop the online poker industry in general in India.  

BLITZPOKER, owned by i3 Interactive Inc, is part of one of the largest poker networks in the world with over a million registrations. In line with i3’s business model of building a gaming entertainment portfolio globally leveraging its high-value celebrity influencer model, i3 has decided to compound the early market entry success in India with further investment exploration in both its BLITZPOKER product as well as other online gaming opportunities. i3’s initial launch in India through acquisition, rebrand and launch of the poker operation now known as BLITZPOKER, is on pace for another record month in January.

Statement by BLITZPOKER Management: “Since its launch, BLITZPOKER has been very well received by the Indian poker community. As a result of this early success, we will continue to invest in poker as well in the wider online gaming ecosystem.  We appreciate and respect the customer feedback for high quality products combined with meaningful brand engagement and exciting market positioning. Brands that resonate with players continue to prove their value and BLITZ is committed to continuing to exceed expectations on its path to becoming the number one online skill-based gaming destination in India.”

Change of Name 

I3 is also pleased to announce that, pursuant to a directors’ resolution, it will change its name to “International Gaming Technologies Inc.” (the “Name Change”).

There will be no change to the symbol.  The Company’s common shares will continue to trade under the ticker “BETS” on the Canadian Securities Exchange (the “CSE”). Upon the Name Change taking effect, the CSE will publish a bulletin announcing the effective date of the Name Change and it is anticipated that the common shares will begin trading under the new name by the end of January. The Name Change is subject to CSE and regulatory approval. 

No action is required to be taken by shareholders with respect to the name change. Outstanding share certificates are not affected by the name change and do not need to be exchanged.

ABOUT I3 INTERACTIVE INC. 

The Company is in the business of providing customers with an online and mobile gaming platform which will provide sports fans worldwide with a unique and highly-engaging social gaming product, and sports betting and casino product offering. In an effort to break into the various emerging global markets, i3 has secured partnerships with key social media influencers.

For additional information on the Company:

Chris Neville

Chief Executive Officer

Tel: (902) 240-4221

Email: Chris@i3company.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable Canadian securities laws.  Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. The forward-looking statements in this press release include statements relating to the projections for growth in the Indian online gaming market, the successful acquisition of BLITZPOKER and the timing of its acquisition, regulatory approval of the acquisition, the projections for growth in BLITZPOKER’s profit and popularity.  Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements, including, without limitation, (i) the costs of compliance with and the risk of liability imposed under the laws of the jurisdictions in which the Company is operating or will operate (the “Operating Jurisdictions”) including gambling laws and regulations, sports betting laws and regulations and mobile or online gambling and sports betting laws and regulations, (ii) negative changes in the political environment or in the regulation of mobile and online sports betting or gambling and the Company’s business in the Operating Jurisdictions, (iii) risks relating to COVID-19 (iv) negative shifts in public opinion and perception of the gambling industry, (v) significant competition in the industry, (vi) risks of product liability and other safety-related liability as a result of usage of the Company’s planned gambling and betting products, (vii) loss of intellectual property rights or protections, (viii) cybersecurity risks, (ix) constraints on marketing products,(x) fraudulent activity by employees, and (xi) risk of litigation. Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Readers are further cautioned that the assumptions used in the preparation of such forward-looking statements (including, but not limited to, the assumption that , (i) the Company’s financial condition and development plans do not change as a result of unforeseen events, (ii) there will continue to be a demand, and market opportunity, for the Company’s product offerings, (iii) the Company will be able to establish, preserve and develop its brand, and attract and retain required personnel, and (iv) current and future economic conditions will neither affect the business and operations of the Company nor the Company’s ability to capitalize on anticipated business opportunities) although considered reasonable by management of the Company at the time of preparation, may prove to be imprecise and result in actual results differing materially from those anticipated, and as such, undue reliance should not be placed on forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws. Forward-looking statements, forward-looking financial information and other metrics presented herein are not intended as guidance or projections for the periods referenced herein or any future periods, and in particular, past performance is not an indicator of future results and the results of the Company in this press release may not be indicative of, and are not an estimate, forecast or projection of the Company’s future results. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

i3 Enters into Agreement to acquire Majority of LivePools

0

Toronto, ON – December 23, 2020 – i3 Interactive Inc. (“i3 Interactive” or the “Company”) (CSE: BETS) (FRA: F0O3) is pleased to announce it has entered into an agreement with LivePools Private Limited (“LivePools”), whereby the Company shall acquire 51% of shareholdings (the “Majority Interest”) in LivePools for an aggregate of USD $7,500,000. The Company shall acquire the Majority Interest over the course of four (4) tranches. 

Under the terms of the LivePools Agreement, the Company has the option to acquire the remaining 49% of shareholdings in LivePools (the “Minority Interest”) for USD $7,500,000. The Company has the right to exercise the option to acquire the Minority Interest on or before February 1, 2022. 

The agreement represents I3’s commitment to the online gaming market in India, which continues to exceed expectations as the fastest growing online gaming market in the world. With this controlling interest, i3 has expanded beyond its successful launch of BLITZPOKER, executing on its strategy to create a world class experience and ecosystem for gamers. With this investment comes the addition of fantasy sports, rummy and quiz gaming to go along with i3’s already successful poker product launch, continuing to round out the ecosystem which will soon include a number of additional product offerings such as esports and skill based gaming. 

ABOUT I3 INTERACTIVE INC. 

The Company is in the business of providing customers with an online and mobile gaming platform which will provide sports fans worldwide with a unique and highly-engaging social gaming product, and sports betting and casino product offering. In an effort to break into the various emerging global markets, i3 has secured partnerships with key industry contacts, including Dan Bilzerian, an internationally renowned and widely respected social media celebrity with over 50 million social media followers.  

ABOUT LIVEPOOLS PRIVATE LIMITED.

Livepools Pvt.Ltd is a company registered in India focusing within the Fantasy sports, rummy and real money gaming space launched in 2018 by Gaurav and Vickram Assomull. The company has grown to over 1.5M users with the aim to be at 10M by Q1 2022. 

Chris Neville

Chief Executive Officer

Tel: (902) 240-4221

Email: Chris@i3company.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable Canadian securities laws.  Forward-looking statements are often, but not always, identified by the use of  words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. The forward-

looking statements in this press release include statements relating to the Company’s completion of the acquisition of the Majority Interest. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements, including, without limitation, (i) the costs of compliance with and the risk of liability imposed under the laws of the jurisdictions in which the Company is operating or will operate (the “Operating Jurisdictions”) including gambling laws and regulations, sports betting laws and regulations and mobile or online gambling and sports betting laws and regulations, (ii) negative changes in the political environment or in the regulation of mobile and online sports betting or gambling and the Company’s business in the Operating Jurisdictions, (iii) risks relating to COVID-19 (iv) negative shifts in public opinion and perception of the gambling industry, (v) significant competition in the industry, (vi) risks of product liability and other safety-related liability as a result of usage of the Company’s planned gambling and betting products, (vii) loss of intellectual property rights or protections, (viii) cybersecurity risks, (ix) constraints on marketing products,(x) fraudulent activity by employees, and (xi) risk of litigation. Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Readers are further cautioned that the assumptions used in the preparation of such forward-looking statements (including, but not limited to, the assumption that (i) the Company will be able to fund the acquisition of the Majority Interest, as anticipated, (ii) the Company’s financial condition and development plans do not change as a result of unforeseen events, (iii) there will continue to be a demand, and market opportunity, for the Company’s product offerings, (iv) the Company will be able to establish, preserve and develop its brand, and attract and retain required personnel, (v) current and future economic conditions will neither affect the business and operations of the Company nor the Company’s ability to capitalize on anticipated business opportunities) although considered reasonable by management of the Company at the time of preparation, may prove to be imprecise and result in actual results differing materially from those anticipated, and as such, undue reliance should not be placed on forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws. Forward-looking statements, forward-looking financial information and other metrics presented herein are not intended as guidance or projections for the periods referenced herein or any future periods, and in particular, past performance is not an indicator of future results and the results of the Company in this press release may not be indicative of, and are not an estimate, forecast or projection of the Company’s future results. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Indian Cricketer Dinesh Karthik joins hand with BLITZPOKER for Blitz Premier League

0

Toronto, ON – September 25th, 2020 i3 Interactive Inc.(“i3 Interactive” or (the “Company”) (CSE:BETS) (FRA: F0O3) is pleased to report that “BLITZPOKER”, the Indian poker brand presently known as FTR Poker, and which the Company is in the midst of acquiring interests in pursuant to the terms outlined in the previously announced press release on August 10, 2020, is participating in the ongoing cricket carnival in India, alongside its partner Dan Bilzerian (“Bilzerian”). BLITZPOKER, Bilzerian’s official poker room, has joined hands with renowned Indian cricketer Dinesh Karthik to launch the Blitz Premier League (“BPL”). Dinesh Karthik, the face of BPL, is an ace wicketkeeper-batsman of the Indian cricket team and the current captain of the Kolkata Knight Riders (KKR) in the ongoing IPL 2020.  Dinesh Karthik made his debut for the Indian cricket team in 2004 and went on to become the highest scorer for Team India in the 2007 England Test series, helping India to win the Test series in England after 21 years. 

Aimed at blending the love for poker with cricket to build an unparalleled excitement among Indian fans – BPL, an online poker tournament commenced on September 21st, 2020. The 45-day event will witness a roll out of exciting tourneys and giveaways worth INR 50 Lacs for both new and existing BLITZPOKER players. BPL is organized by BLITZPOKER to welcome new players from across India. Interestingly, online gaming is receiving an overwhelming response from tier-II cities, contrary to popular belief that it is only a metropolitan phenomenon. The key driver of the market volume is the proliferation of low-cost smartphones amongst both urban and rural populations. 

Blitz Premier League, aka, BPL will host daily BPL Striker tournaments worth INR 75,000 prize pool. Players can participate in the tournament with a buy-in (investment) of only INR 110. 

Commenting on their partnership with Dinesh Karthik, internet royalty, Dan Bilzerian said, “It is absolutely thrilling to have a cricketer of Dinesh Karthik’s caliber join our ranks for this upcoming tournament. I would like to welcome him to the party and we are quite excited about this collaboration. I would also like to wish him the best for all his upcoming matches as he leads his team. Mr. Karthik personifies the hard work and dedication needed to master the game of poker.” Further commenting on the tournament, Bilzerian said, “Blitz Premier League is our way of celebrating India’s passion for cricket while also celebrating the game of skill, i.e. poker. We look forward to, once again, witnessing the passion and love for the game of poker that we’ve come to expect from the Indian poker community.”  

Talking about his association with Blitz Premier League, Dinesh Karthik said, “Like cricket, poker requires a particular set of skills. These skills require a lot of dedication, hard work and practice to master. Blitz Premier League is a unique online poker tournament which will definitely excite the poker fans. My partnership with BLITZPOKER is my way of extending my support towards the game, and my respect for the players.” 

All new members joining during this period will also stand to benefit from exciting offers on their first deposits. New users on the app will get a free ticket to the INR 75K GTD daily BPL Striker tournament. Participants can register for the Blitz Premier League on www.blitzpoker.com, and the format of the game will be Texas Hold’em. 

Key highlights of the Blitz Premier League: 

  • Blitz Premier League offers giveaways and tournaments worth INR 50 Lacs. 
  • The Series will feature an INR 75,000 daily prize pool tournament BPL Striker starting from 21st September 2020.
  • During the Blitz Premier League, new users who sign up on BLITZPOKER.COM will get a free ticket to the 75K GTD daily BPL Striker Tournament
  • 5 lucky winners will get free merchandise every day from the BLITZPOKER team.

Blitz Premier League also includes BPL Bonanza wherein players get a chance to win endless merchandise, claim amazing deposit offers and an exciting deal for all new sign-ups during this cricket season. 

Blitz Premier League will run every night at 8:30PM IST on the BLITZPOKER platform. To know more about the terms and conditions of the Blitz Premier League, please visit www.blitzpoker.com  and follow @blitzpokerofficial on Instagram.

ABOUT I3 INTERACTIVE INC. 

The Company is in the business of providing customers with an online and mobile gaming platform which will provide sports fans worldwide with a unique and highly-engaging social gaming product, and sports betting and casino product offering. In an effort to break into the various emerging global markets, i3 has secured partnerships with key industry contacts, including Dan Bilzerian, an internationally renowned and widely respected social media celebrity with over 50 million social media followers.  

For additional information on the Company:

Chris Neville

Chief Executive Officer

Tel: (902) 240-4221

Email: Chris@i3company.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable Canadian securities laws.  Forward-looking statements are often, but not always, identified by the use of  words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. The forward-looking statements in this press release include statements relating to the Company’s plans with respect to expected various give-away prizes and offers to new members participating in the BPL. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements, including, without limitation: the costs of compliance with and the risk of liability imposed under the laws in which the Company is operating or will operate under including gambling laws and regulations, sports betting laws and regulations and mobile or online gambling and sports betting laws and regulations; negative changes in the political environment or in the regulation of mobile and online sports betting or gambling and the Company’s business in the United States and India; risks relating to COVID-19; negative shifts in public opinion and perception of the gambling industry; significant competition in the industry; risks relating to rising energy costs; risks of product liability and other safety-related liability as a result of usage of the Company’s planned gambling and betting products; loss of intellectual property rights or protections; cybersecurity risks; constraints on marketing products; fraudulent activity by employees, contractors and consultants; tax and insurance related risks, risk of litigation, and the Company’s ability to provide certain giveaway prizes and offers. 

Global online poker platform, BLITZPOKER, gains immediate traction

0

Toronto, ON – August 20th, 2020 – i3 Interactive Inc.(“i3 Interactive” or the “Company”) (CSE: BETS) (FRA: F0O3),  is pleased to announce that the Indian poker brand, FTR Poker, which the Company is in the midst of acquiring interests in pursuant to the terms of the definitive agreement (“Definitive Agreement”) outlined in the previously announced press release on August 10, 2020, is gaining traction in India (the “Proposed Acquisition”). Upon completion of the Proposed Acquisition, the Company intends to operate under a new identity, BLITZPOKER.  

Following the Proposed Acquisition, BLITZPOKER will run on one of the largest networks in India, a network with over a million registrations and over 75,000 active users.  The imminent acquisition of this well-known brand, that has been in the market for close to 5 years, generates excitement for Company as this asset offers great potential for exponential growth. 

BLITZPOKER has grown over 5 times in net profit within the last 12 months and with the popularly known ‘King of Instagram’ Dan Bilzerian’s (“Mr. Bilzerian”) involvement, the Company anticipates further growth. CEO Chris Neville said “In India, Dan Bilzerian has over 7 million social media followers and over the weekend we launched his first marketing initiative where blitzpoker.com plans to host the largest free to enter poker tournament with the largest prize pool ever to be offered in India.   BLITZPOKER has been growing at 30-40% per month in the last quarter and has added 40,000 new customers.  This type of growth is unheard of without 7-8 figure marketing spends” said Neville.   The CEO also said “We are hopeful that Dan’s influence and brand will allow the company to grow into one of the biggest international gambling companies before 2021-2022.” 

Mr. Bilzerian, said, “On my last visit to India I saw a lot of potential for poker to grow in India as a game. The entrance of BLITZPOKER in the country is a sign of confidence in that belief. I’m looking forward to the response of the Indian poker player community in India.”  

In addition to Mr. Bilzerian, top celebrities including Disha Patni, Malaika Arora, Neha Sharma, and Mouni Roy, who have impressive Instagram followings of 38.1 million, 11.2 million, 10.8 million, and 13.6 million, respectively, have all recently posted promotional posts for BLITZPOKER. The Company has engaged over 50 celebrity and influencer personalities, bringing BLITZPOKER to the attention of approximately 110 million Instagram followers. With the addition of Mr. Bilzerian’s notable audience, the Company is able to bring its reach to over 142 million on the Instagram platform alone. 

BLITZPOKER will provide a variety of games for both professional and recreational players is offered with the brand featuring several zero buy-in tournaments and special bonuses and weekly giveaways for first time players.

 ABOUT I3 INTERACTIVE INC. 

The Company is in the business of providing customers with an online and mobile gaming platform which will provide sports fans worldwide with a unique and highly-engaging social gaming product, and sports betting and casino product offering. In an effort to break into the various emerging global markets, i3 has secured partnerships with key industry contacts, including Dan Bilzerian, an internationally renowned and widely respected social media celebrity with over 50 million social media followers.  

For additional information on the Company:

Chris Neville

Chief Executive Officer

Tel: (902) 240-4221

Email: Chris@i3company.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable Canadian securities laws.  Forward-looking statements are often, but not always, identified by the use of  words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. The forward-looking statements in this press release include statements relating to the projections for growth in the Indian online gaming market, the Company’s ability to close the Proposed Acquisition and re-launch FTR Poker as Blitzbet, the projections for growth in Blitzpoker’s profit, the Company’s anticipation regarding the Company becoming the biggest international gambling company before 2021-2022, Mr. Bilzerian’s ability to generate traction with players and fans, the Company’s projections for growth in the Indian market, and the Company’s plans to feature zero buy-in tournaments and the offering of special bonuses. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements, including, without limitation, (i) the costs of compliance with and the risk of liability imposed under the laws of the jurisdictions in which the Company is operating or will operate (the “Operating Jurisdictions”) including gambling laws and regulations, sports betting laws and regulations and mobile or online gambling and sports betting laws and regulations, (ii) negative changes in the political environment or in the regulation of mobile and online sports betting or gambling and the Company’s business in the Operating Jurisdictions, (iii) risks relating to COVID-19 (iv) negative shifts in public opinion and perception of the gambling industry, (v) significant competition in the industry, (vi) risks of product liability and other safety-related liability as a result of usage of the Company’s planned gambling and betting products, (vii) loss of intellectual property rights or protections, (viii) cybersecurity risks, (ix) constraints on marketing products,(x) fraudulent activity by employees, and (xi) risk of litigation. Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Readers are further cautioned that the assumptions used in the preparation of such forward-looking statements (including, but not limited to, the assumption that (i) the Company will be able to execute on its business plan as anticipated, including its ability to maintain a relationship with Dan Bilzerian, (ii) the Company’s financial condition and development plans do not change as a result of unforeseen events, (iii) there will continue to be a demand, and market opportunity, for the Company’s product offerings, (iv) the Company will be able to establish, preserve and develop its brand, and attract and retain required personnel, and (v) current and future economic conditions will neither affect the business and operations of the Company nor the Company’s ability to capitalize on anticipated business opportunities) although considered reasonable by management of the Company at the time of preparation, may prove to be imprecise and result in actual results differing materially from those anticipated, and as such, undue reliance should not be placed on forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws. Forward-looking statements, forward-looking financial information and other metrics presented herein are not intended as guidance or projections for the periods referenced herein or any future periods, and in particular, past performance is not an indicator of future results and the results of the Company in this press release may not be indicative of, and are not an estimate, forecast or projection of the Company’s future results. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

i3 Interactive Enters into Definitive Agreement to Acquire Controlling Interest of India-Based Online Poker Operation

0

Toronto, ON – August 10, 2020 – i3 Interactive Inc. (“i3 Interactive” or the “Company”) (CSE: BETS) (FRA: F0O3) is pleased to announce that it has entered into a business combination agreement dated August 6, 2020 (the “Definitive Agreement“) with an arm’s length, private British Columbia corporation (the “B.C. Corp.”), pursuant to which the Company has agreed to acquire all the issued and outstanding shares of B.C. Corp. (the “Target Shares”). Upon completion of the Proposed Acquisition (as defined below), the Resulting i3 Subsidiary (as defined below) will hold an indirect, 65% controlling interest in an entity which owns an active Indian poker brand (the “India Poker Operation”). The brand is part of a poker network in India with over a million registrations and over 75,000 active users as of the month of July, 2020. Following completion of the Proposed Acquisition, the Company intends to relaunch the Indian Poker Operation under the brand name “Blitzpoker”, with Blitzpoker expected to offer, among other things, a variety of game modes in Texas Hold’em and Omaha for players of all skill levels. 

The Proposed Acquisition

The acquisition contemplated by the Definitive Agreement (the “Proposed Acquisition”) will be carried out by way of a three-cornered amalgamation to be completed under the Business Corporations Act (British Colombia), among the Company, B.C. Corp., and 1260039 B.C. Ltd. (“Subco”), a wholly owned subsidiary of the Company incorporated for the purposes of completing the three-cornered amalgamation. The Proposed Acquisition is expected to result in B.C. Corp. combining its corporate existence with Subco, and the entity resulting from the amalgamation (the “Resulting i3 Subsidiary”) continuing as a wholly-owned subsidiary of the Company under the name “i3 India Holdings Corp.”

As part of the Proposed Acquisition, the former shareholders of B.C. Corp. will receive one (1) common share in the capital of the Company (“Common Share”)  in exchange for each Target Share held by them (the “Exchange Ratio“). There are currently 5,159,600 Target Shares issued and outstanding, and upon closing of the Proposed Acquisition, the former shareholders of B.C. Corp are expected to hold an aggregate of 5,159,600 Common Shares. B.C. Corp. does not have any issued and outstanding convertible securities. 

The Proposed Acquisition is an arm’s length transaction subject to customary closing conditions, including, but not limited to, applicable shareholder and regulatory approvals, and B.C. Corp. having successfully completed the acquisition, through its wholly-owned Indian subsidiary, of an entity which owns a 65% controlling interest in the Indian Poker Operation. There can be no assurance that the Proposed Acquisition will be completed as proposed or at all.

ABOUT I3 INTERACTIVE INC. 

The Company is in the business of developing an online and mobile gaming platform in order to provide sports fans worldwide with a unique and highly-engaging social gaming product, and sports betting and casino product offering. In an effort to break into the various emerging global markets, the Company has secured partnerships with key industry contacts, including Dan Bilzerian, an internationally renowned and widely respected social media celebrity with over 50 million social media followers.  

For additional information on the Company:

Chris Neville

Chief Executive Officer

Tel: (902) 240-4221

Email: Chris@i3company.com

Forward-Looking Statements

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. 

This press release contains forward-looking statements within the meaning of applicable Canadian securities laws.  Forward-looking statements are often, but not always, identified by the use of  words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. The forward-looking statements in this press release include statements relating to the projections for growth in the Indian online gaming market, Mr. Bilzerian’s ability to generate traction with players and fans, the Company’s plans to feature zero buy-in tournaments and the offering of special bonuses. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements, including, without limitation, (i) the costs of compliance with and the risk of liability imposed under the laws of the jurisdictions in which the Company is operating or will operate (the “Operating Jurisdictions”) including gambling laws and regulations, sports betting laws and regulations and mobile or online gambling and sports betting laws and regulations, (ii) negative changes in the political environment or in the regulation of mobile and online sports betting or gambling and the Company’s business in the Operating Jurisdictions, (iii) risks relating to COVID-19 (iv) negative shifts in public opinion and perception of the gambling industry, (v) significant competition in the industry, (vi) risks of product liability and other safety-related liability as a result of usage of the Company’s planned gambling and betting products, (vii) loss of intellectual property rights or protections, (viii) cybersecurity risks, (ix) constraints on marketing products,(x) fraudulent activity by employees, and (xi) risk of litigation. Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Readers are further cautioned that the assumptions used in the preparation of such forward-looking statements (including, but not limited to, the assumption that (i) the Company will be able to execute on its business plan as anticipated, and will receive one or multiple licenses, permits, and authorizations from time to time necessary to execute on its business plan, (ii) the Company’s financial condition and development plans do not change as a result of unforeseen events, (iii) there will continue to be a demand, and market opportunity, for the Company’s product offerings, (iv) the Company will be able to establish, preserve and develop its brand, and attract and retain required personnel, (v) the Company will successfully complete the Proposed Acquisition (and will obtain all requisite approvals) on the terms and within the timelines anticipated by the Company, and (vi) current and future economic conditions will neither affect the business and operations of the Company nor the Company’s ability to capitalize on anticipated business opportunities) although considered reasonable by management of the Company at the time of preparation, may prove to be imprecise and result in actual results differing materially from those anticipated, and as such, undue reliance should not be placed on forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws. Forward-looking statements, forward-looking financial information and other metrics presented herein are not intended as guidance or projections for the periods referenced herein or any future periods, and in particular, past performance is not an indicator of future results and the results of the Company in this press release may not be indicative of, and are not an estimate, forecast or projection of the Company’s future results. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.