SOURCE: SeanieMac International, Ltd.

SeanieMac International, Ltd.

March 22, 2017 09:30 ET

SeanieMac International Signs Lock Up Agreement with Apollo Capital Corp

HUNTINGTON, NY--(Marketwired - Mar 22, 2017) - SeanieMac International, Ltd. (OTC PINK: BETS) announced that as part of a purchase of 55k of outstanding debt from Apollo Capital Corp, the company and Apollo Capital Corp have agreed to a lock up agreement on approximately 93% of their debt. Except for an initial allowance the lock up agreement restricts Apollo Capital Corp from any conversions or sales during the lock up period. The initial lock up period is 30 days with provisions for a 30-60 day extension subject to the purchase of an additional 110k of their convertible debt. At the end of that period the company and Apollo Capital Corp will continue to negotiate for the potential purchase of more of their debt and the further extension of the lock up agreement.

About SeanieMac

SeanieMac Limited is an Irish gaming company. It owns and operates "www.SeanieMac.com", an online sports and casino wagering web-based platform serving gamblers directly under the brand name SeanieMac.com.

Safe Harbor Statement

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of SeanieMac International, Ltd. and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements regarding our expectations regarding amounts staked and gross profits and our marketing initiatives. Such risks and uncertainties include, among other things, the uncertainty regarding consumer preferences, a decline in the popularity of our website and competition in the online gambling industry. SeanieMac assumes no obligation and does not intend to update these forward-looking statements.

A further description of risks and uncertainties can be found in SeanieMac International, Ltd.'s Annual Report on Form 10-K for the fiscal year ended December 31, 2015 and in its reports on Form 10-Q and Form 8-K.

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