SURREY, BC--(Marketwired - Sep 19, 2016) - EASY TECHNOLOGIES INC. (CSE: EZM) (FRANKFURT: EY62) (OTC PINK: EMYSF) ("EasyTech" or the "Company") is pleased to announce it has engaged a third party business valuation company to ascertain the fair value of the House Trivia platform for the purposes of capital raising.
Easy Technologies engaged the services Sun Business Valuations to provide an independent valuation of the House Trivia platform. The valuation, in line with the Statement on Standards for Valuation Services (SSVS) of the National Association of Certified Valuators and Analysts (NACVA), indicates fair value of the HouseTrivia.com platform for the purposes of capital raising.
The fair market value of a 100% interest in the House Trivia platform, based on information supplied by management's methodology of forecasted discounted cash flow, is estimated to be $27,600,000.
With this valuation in place, Easy Technologies looks forward to providing the necessary funding for the development and launching of the Platform up to a maximum of US$1,000,000 in return for 50% of the pre-tax profits from the exploitation of the Platform.
Embracing a new gaming concept, House Trivia turns online entertainment on its head by replacing luck with skill in exciting trivia contests. A test of knowledge, House Trivia combines quizzing with huge cash prizes, including beachfront properties and supercars.
Easy Technologies confirms that it currently remains on track to release the House Trivia platform in October 2016.
HouseTrivia.com is an online trivia platform whereby users can compete against each other in trivia competitions in order to win prizes. House Trivia will host two types of trivia: House Trivia Exclusive Competitions & User Created Trivia Contests.
House Trivia Exclusive Competitions are limited to 25,000 players. Entry fees will be USD $199.99 per player, with the first place winner of the contest winning a house valued at $1 million. Prizes for 2nd and 3rd place include exotic sports cars and cash.
House Trivia User Created Trivia Contests allow users to create their own trivia contests and invite an unlimited amount of players. The user can choose for these contests to be free or have an entry fee, ranging from $1.99 to $199.99. Users can select from "head to head" or "multiplayer" as well as "winner takes all" or "top 3" for multiplayer prize payouts. House Trivia charges a 25% transaction fee on the total entry fees for each User Created Trivia Contest which are projected to generate over $700M in revenue from entry fees and transaction fees as well as $349M in pretax cash flow over the next 5 years alone.
Chief Executive Officer
Easy Technologies is listed on the Börse Frankfurt stock exchange ("FF") with the ticker symbol "EY62", the CSE with ticker symbol "EZM", and in USA on OTC symbol "EMYSF".
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