SOURCE: Gaming Nation Inc.

Gaming Nation Inc.

March 10, 2016 16:06 ET

Gaming Nation Inc. Acquires Interest in DMi, Inc.

TORONTO, ON--(Marketwired - March 10, 2016) - Gaming Nation Inc. (TSX VENTURE: FAN) is pleased to announce that in return for an investment of $4 million USD, the company has acquired a 25% stake in DMi, Inc. ("DMi") which holds the exclusive licensing rights to NASCAR's racing games on all interactive entertainment platforms through 2022. This includes console video games on Sony PlayStation, Microsoft Xbox and Nintendo as well as all PC and MAC devices running Windows and/or OSX. In addition, DMi is pursuing a variety of NASCAR mobile and tablet games on iOS, Android, Windows Mobile and Blackberry as well as derivative devices such as AppleTV, Apple Watch and future console gaming platforms.

Scott Secord, President/CEO of Gaming Nation, commented, "This current investment in DMi, together with our ability to acquire a majority interest in the company, provides multiple benefits to Gaming Nation. The fact that DMi has the exclusive rights to NASCAR simulated racing games, for both console and mobile platforms, presents a substantial opportunity for Gaming Nation to expand its reach into the rapidly growing console and mobile gaming space and open the door to e-sports in the future."

DMi expects that it will launch its NASCAR Heat game for all major gaming consoles in the fall of 2016. With more than 75 million NASCAR fans and the fact that to date no NASCAR games have been released on PlayStation 4 or Xbox One or any mobile platforms, DMi expects strong demand for the games.

"The future of digital games is compelling as live sports and digital sports games get closer and closer to one another in fan experience. Gaming Nation's access and reach to sports fans globally, through their various platforms, will be a substantial benefit to DMi. We look forward to working with Gaming Nation," said Tom Dusenberry, CEO.

Gaming Nation's President/CEO Scott Secord will also serve as a member of the Board of DMi. 

ABOUT GAMING NATION INC.:

Gaming Nation Inc. (TSX VENTURE: FAN) provides technology and information platforms to the sports and entertainment industry. The company's platforms include 5050 Central, an electronic real-time raffle system, daily fantasy games through Fantasy Feud and sports information websites Fantasy Guru and Pick Nation.

For more information visit, www.gamingnationinc.com

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ABOUT DMi, INC.:

DMi, Inc., doing business as Dusenberry Martin Racing, is a digital games publisher and developer focused on delivering fun and engaging NASCAR branded games. The company is dedicated to bringing high quality digital and socially interactive NASCAR game experiences to the marketplace. DMi launches its first NASCAR PlayStation 4 and Xbox One NASCAR game this fall. The company is headquartered in Charlotte, North Carolina - the home of NASCAR Motorsports.

Forward-Looking Statements 

Certain statements contained in this announcement constitute forward-looking information within the meaning of securities laws. Forward-looking information may relate to the Company's future outlook and anticipated events or results and, in some cases, can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "target", "potential", "continue" or other similar expressions concerning matters that are not historical facts. These statements are based on certain factors and assumptions including expected business prospects and opportunities. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking information is also subject to certain factors, including risks and uncertainties that could cause actual results to differ materially from what we currently expect. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transactions and has neither approved nor disapproved the contents of this news release.

Contact Information

  • Contact:
    Scott Secord
    President and CEO
    416‐479‐3873