Technology

Stay Present Extends LOI to Purchase San Diego Based mostly Media Expertise Firm Evasyst

VANCOUVER, BC / ACCESSWIRE / December 14, 2021 / Stay Present Media, Inc. (“Stay Present”) (OTCQB:LIVC) declares that it has prolonged its non-binding letter of intent (“LOI”) to amass Evasyst Inc. (dba Kast), (“Kast”) of San Diego in an all-stock reverse takeover.

The LOI, dated September 14, 2021, lays out the phrases of the proposed acquisition of Kast by Stay Present and is ready to run out on December 14, 2021. In gentle of the constructive progress made in direction of closing the LOI, the events have mutually agreed to increase the time period to shut the settlement by one month to January 14, 2022. All different phrases of the LOI stay unchanged.

About Kast

Kast is an internet watch celebration platform for associates to look at movies, play video games, and be collectively. The platform empowers people to live-share synchronized video, interact inside the group, and construct relationships with like-minded individuals. The Kast crew consists of passionate people who hail from numerous backgrounds throughout the globe, coming from thrilling and fast-paced industries corresponding to esports, video streaming, leisure, and video video games.

Kast CEO and Co-founder Mark Ollila has over twenty years of expertise within the video games and media expertise trade beforehand with senior roles at Nokia and Microsoft, together with main Nokia First Get together Video games Publishing. He additionally served on the advisory board of the Sport Builders Convention (Cellular) and, was a board member of the EMEA Chapter of the Cellular Ecosystem Discussion board. He was Chairman of the Board of Physics Middleware supplier Meqon Analysis AB (acquired by Ageia after which NVIDIA) and at present is on the board of Blind Squirrel Leisure.

“This acquisition will pace up the expansion of Stay Present immensely,” stated CEO David Jeffs. “Mr. Ollila and his crew have put collectively a improbable product in a quickly rising sector that’s virtually sure to extend in reputation contemplating the present social local weather.” Kast CEO Mark Ollila said, “The synergies of the 2 firms are apparent as streaming and informal gaming are multibillion greenback industries which are rising, but additionally converging. This chance will create the muse and platform to construct a world media leisure firm.”

About Stay Present Media Inc.

Stay Present (“LIVC”) is a digital expertise firm concerned within the leisure trade. At the moment creating two initiatives, SPRT MTRX (App Retailer and Play Retailer: SPRT MTRX) and Trivia Matrix (App Retailer and Play Retailer: Trivia Matrix), LIVC is positioned to benefit from the thrilling and quickly rising digital sports activities and gaming sectors.

On behalf of the board of administrators of Stay Present Media Inc.

David Jeffs, CEO & Director

For extra data please contact:
david@livecurrent.com
604 999-5848
www.livecurrent.com
www.sprtmtrx.com

All statements on this press launch that aren’t statements of historic truth are forward-looking statements, together with any projections of progress, earnings, income, money or different monetary objects, any statements of the plans, methods, aims and targets of administration for future operations, any statements concerning future financial circumstances or efficiency, statements of perception and any statements of assumptions underlying any of the foregoing. These statements are based mostly on expectations and assumptions as of the date of this press launch and are topic to quite a few dangers and uncertainties, which might trigger precise outcomes to vary materially from these described within the forward-looking statements. These dangers and uncertainties embrace, however will not be restricted to, common financial circumstances significantly as they relate to demand for our services; aggressive components; modifications in working bills; our skill to boost capital as and once we want it and different components. Stay Present Media, Inc. assumes no obligation to replace these forward-looking statements to mirror future occasions or precise outcomes and doesn’t intend to take action.

SOURCE: Stay Present Media Inc.

View supply model on accesswire.com:
https://www.accesswire.com/677726/Stay-Present-Extends-LOI-to-Purchase-San-Diego-Based mostly-Media-Expertise-Firm-Evasyst

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