TORONTO, ON--(Marketwired - November 30, 2016) - Keek Inc. (TSX VENTURE: KEK) (OTCQB: KEEKF) today is pleased to announce that live video game streaming will soon be launched inside the Peeks platform. This new technology will allow gaming enthusiasts to stream directly from their desktops to mobile viewers on Peeks. A gaming channel will be included in the upcoming "Discovery" section. Select partners in the gaming vertical are participating in the testing of the service and Peeks users will soon begin to see them appear on the Peeks network. The live video game streaming ability will initially be exclusive to certain influencers and power users, but will be made available to the general public in the coming months.
"I'm very happy that we will be able to launch our live video game streaming service months ahead of our original schedule. Our professional streaming services continue to prove the infinite flexibility of our platform which allows us to compete and surpass our competitors in several different verticals, including the livestreaming video gamer market," said Mark Itwaru, CEO of Keek Inc.
Streaming professional and interactive content is a key focus of the Peeks platform development. On October 31, 2016, the Peeks platform successfully streamed five uninterrupted hours of camera fed professionally produced live content from the Los Angeles Halloween House Party (see press release dated November 2, 2016). The earlier than expected release of the live video game streaming capabilities was made possible as a result of the successful pilot at the Halloween House Party. The same back end technology is being utilized for the live video game streaming, and is being paired with new front end developments specifically developed for the desktop gaming industry.
As with all livestreams in the Peeks service, broadcasters in the gaming industry will be able to interact live with fans, receive likes and cash tips in real-time, and will have access to the upcoming Offer Box technology where they or their sponsoring brands can create and distribute actionable incentives to their audiences. For example, a viewer may purchase a video game while watching a broadcaster playing the same game live on Peeks, or purchase gaming merchandise directly from their favourite gaming influencer. A number of video game producing companies have already signed up to advertise their games and merchandise through the upcoming Offer Box.
The Company also announced that it has issued 1,354,000 common shares pursuant to the exercising of 1,050,000 warrants with an exercise price of $0.30 and 304,000 options with a weighted average exercise price of $1.12, resulting in total gross proceeds of $655,000 being received by the Company.
The Company also wishes to advise that pursuant to receiving shareholder approval to change the name of the Company at a meeting of its shareholders held on March 11, 2016, the Board of Directors and Management intend to change the name and stock symbols of the Company on or before March 1, 2017. The final Company name and stock symbols are still under consideration.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.
The information and statements in this news release contain certain forward-looking information relating to the implementation and functionality of certain technologies and capabilities being developed and integrated into the Peeks livestreaming service, and the effective date of future corporate developments including a change in the Company's name and stock symbols. This forward-looking information is subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking information. The Company's forward-looking information is expressly qualified in its entirety by this cautionary statement. Except as required by law, Keek Inc. undertakes no obligation to publicly update or revise any forward-looking information.