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Plans Unveiled for $750 Million Redevelopment of Iconic Metrocenter Mall Property in Phoenix

Concord Wilshire Companies

One of Phoenix’s most iconic properties is about to become the largest mall redevelopment project in Arizona history, transforming into a vibrant new addition to the city’s core. Concord Wilshire Capital (“CWC”) and TLG Investment Partners (“TLGIP”) (collectively, the “Developer”) announced today that they have contracted to acquire the iconic Metrocenter Mall located in Phoenix, Arizona, and plan to invest approximately $750 million to redevelop the Metrocenter Mall property into a residential and mixed-use community. The Developer has formed a strategic alliance with Hines, the international real estate firm, to redevelop and repurpose the Metrocenter Mall into a community-driven walkable village that will be home to a variety of residential apartments, curated boutiques, popular retail stores, restaurants, bars, a town-center park, and other commercial and entertainment venues (the “Village”). The Village will be situated on approximately 68 acres of prime land in a qualified Opportunity Zone. The plans for the Village include over 2,600 multifamily units, 100,000 square feet of essential and service retail. Total construction costs are expected to be over $750 million. The Village will be designed as a self-contained community encompassing the city’s new Light Rail Station that is currently under construction within the Village. The City of Phoenix is investing approximately $150 million to build this Light Rail Station. The Light Rail Station is scheduled to be delivered in 2024 as part of the Northwest Extension. The Light Rail Station will serve as one of the major focal points of the Village and will provide direct connectivity to Downtown Phoenix, the Phoenix Sky Harbor International Airport, ASU, and communities to the east. “This is an enormous economic boost to the entire west side of Phoenix,” said Mayor Kate Gallego. “The connectivity provided by the light rail extension means easy access to shopping, entertainment, housing, and – perhaps most importantly – to jobs. In addition to the many construction jobs created by this redevelopment, there will be opportunities available to work in the businesses that will take root and grow in the Village. I am excited, optimistic, and thrilled that Concord Wilshire is investing in the future of Phoenix.” Residents and visitors of the Village will be able to enjoy an array of anticipated amenities, including pet-friendly parks and greenspace, an amphitheater, pedestrian and bicycle pathways, a walkable retail promenade, shops, restaurants and immersive water features. The Village will also be designed to integrate with and complement certain existing amenities and venues within the Metrocenter Mall through its partially shaded internal pathways and roads. The existing amenities and shops include a 150,000 square foot Walmart Supercenter, a public library, the Arizona Canal with its own pedestrian and bicycle pathways, the Rose Mofford Park (which provides free afternoon activities for children and teenagers), a theme-park, and a cinema. The Village will also provide approximately 4,100 parking spaces programmed in up to 7 garage decks conveniently located for use by the community, residents of the Village, visitors, and for the Light Rail Station Park-and-Ride users. “We are excited to be a part of the redevelopment of the former Metrocenter Mall into a vibrant mixed-use community with a sense of place that will enhance the public investments,” said Chris Anderson, Senior Managing Director of Hines. “Good things come to those who wait, and now, the spotlight will shine on our beloved Metrocenter once again, thanks to Phoenix's new partner in economic development, Concord Wilshire Capital. I am excited to collaborate and transform Metrocenter into a vital hub of social gatherings, cultural diversity and economic growth," said Councilwoman Ann O'Brien of Phoenix District 1, where Metrocenter is located. "I am grateful for all the hard work that went into making this exciting partnership happen." The Developer has also reached preliminary terms with the City of Phoenix, subject to City Council approval, for a public private partnership for public improvements, by and through a to-be-formed Community Facilities District (CFD), for the Village. The public improvements are planned to be funded through CFD assessment bonds and will be primarily for the construction of public parking garages. “We are proud to be working with the City of Phoenix again. The proposed redevelopment of the Metrocenter Mall property will be another substantial project to further the city’s redevelopment and revitalization plan for the North Mountain Redevelopment Area” said Nate Sirang, President of Concord Wilshire Capital. “This redevelopment of such a memorable mall and destination for area residents reflects our continued commitment to the Phoenix market. We are excited to create a first-class destination for local families, while contributing meaningfully to the community and its economy and safety.” On June 28, 2021, CWC signed a contract with Carlyle Development Group of New York, the Mall owner, to acquire the Metrocenter Mall, and the inspection period has been successfully completed. The transaction is scheduled to close in the second half of 2022. The Company has reached an agreement with Carlyle to demolish the mall ahead of closing. In 2016, Carlyle led the rezoning of the Metrocenter Mall and the surrounding parcels and obtained the City Council Approval for a Planned Unit Development (“PUD”) designation, as well as lobbying for the relocation of the Light Rail Station into the Metrocenter Mall, paving the way for a successful future mixed-use development. “We worked very hard to obtain approval for a flexible PUD that allows a high density residential and mix-use development in the metro Phoenix market. We are excited and proud that the Developer and the City of Phoenix are incorporating our vision into the redevelopment of this iconic location,” said Abdi Mahamedi, President of Carlyle Development Group. About Concord Wilshire Concord Wilshire is a nationally recognized leader in residential, resort, and mixed-use real estate development and construction with over $10 billion in total value of developed and acquired assets. Since 1992, Concord Wilshire has developed, constructed, and invested in distinguished real estate assets in major markets throughout the United States. An award winning company, Concord Wilshire has received an array of accolades for many of its developments throughout the nation in recognition of its commitment to development, marketing, architectural design, and interior design. Concord Wilshire has a successful and extensive track record that spans multiple investment cycles. ( www.concordwilshire.com ) About TLG Investment Partners TLG Investment Partners is a Fort Lauderdale based real estate investment firm headed by Leland Pillsbury and Christopher Nieberding. The company invests in multiple classes of real estate including recreation, residential and commercial properties. About Hines Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 255 cities in 27 countries. Hines oversees investment assets under management totaling approximately $83.6 billion1. In addition, Hines provides third-party property-level services to more than 367 properties totaling 138.3 million square feet. Historically, Hines developed, redeveloped or acquired approximately 1,486 properties, totaling over 492 million square feet. The firm currently has more than 171 developments underway around the world. With extensive experience in investments across the risk spectrum and all property types, and a foundational commitment to ESG, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information. 1Includes both the global Hines organization as well as RIA AUM as of June 30, 2021. Contact Details Tom Evans +1 602-448-5483 tevans@onadvertising.com

December 09, 2021 04:00 PM Eastern Standard Time

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How A Camp Network Founded By Paul Newman Continues To Serve Sick Children

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/n0Seg6W1dME Over three decades ago, Paul Newman, the Hollywood icon and founder of Newman’s Own food company and Newman’s Own Foundation, envisioned a camp where kids living with serious and life-limiting medical conditions could break away from the everyday challenges of their illness to, as he said, “raise a little hell.” Today, Serious Fun Children’s Network, made up of 30 camps and programs around the world, has delivered more than 1.4 million life-changing camp experiences to kids living with more than 50 medical conditions and their families, totally free of charge. On November 30 th, live from New York City SeriousFun CEO Blake Maher and Newman’s Own Foundation President & CEO Miriam Nelson conducted a media tour discussing how Paul Newman’s vision has transformed the lives of tens of thousands of camp alumni who are living fuller lives because of their camp experiences. A key focus of the media tour was a first-of-its-kind study conducted by SeriousFun that examined the influence and lasting impact of residential camp participation With the help of the American Institutes for Research, SeriousFun set out to look at personal, social, and health-related outcomes that are influenced by SeriousFun camps, as well as the elements of the camp and camper's experiences that affect those outcomes Most notably, that SeriousFun camp experience had meaningful impacts that lasted throughout their adolescent and adult lives. Among 2,200 alumni campers aged 17-30, significant findings included: More than 80% reported that the SeriousFun camp experience had positive and lasting impacts on a variety of aspects of their life, including the willingness to try new things, appreciation for diversity, and self-identity and confidence. And, when it comes to health-related outcomes, more than 65% reported that camp influenced their health-related quality of life, medical self-advocacy and medical-related self care. For more information, visit SeriousFun.org About YourUpdateTV: YourUpdateTV is a social media video portal for organizations to share their content. It includes separate channels for Health and Wellness, Lifestyle, Media and Entertainment, and Finance, Social Responsibility, Sports and Technology. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

December 08, 2021 05:00 PM Eastern Standard Time

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NO DOGS LEFT BEHIND TAKES IMMEDIATE ACTION TO SECURE SAFE PASSAGE FOR ITS SLAUGHTERHOUSE SURVIVORS IN RESPONSE TO THE CDC’S SUSPENSION ON THE IMPORTATION OF DOGS

No Dogs Left Behind

No Dogs Left Behind (NDLB) continues its fight on the front lines by evacuating its survivors of the dog meat trade to Canada. NDLB’s decision to evacuate these dogs to its Safe House in Toronto was in direct response to the U.S. Centers for Disease Control and Prevention’s (CDC) pronouncement suspending the importation of dogs from 113 countries. The CDC’s pronouncement, which was made without any consultation with those in the international rescue community, has resulted in smaller international rescues from all around the world ceasing their rescue operations, either because the costs to comply were too high or the logistics were too challenging without large scale resources. As a result, dogs who were once saved from horrendous cases of abuse and neglect are now left to suffer and die because the CDC made it impossible for these organizations to continue their rescue work. It didn’t have to be this way. There was an answer to solve for the CDC’s concern while allowing all international rescues to continue fighting for these dogs: the CDC could have required all dogs being imported from a high-risk rabies country to have a valid rabies titer test. Rescues, however, were never granted the opportunity to meet with the CDC to propose solutions to the CDC’s concerns, and the result was an overly broad ban on the importation of all dogs who do not qualify for a CDC import permit. “We must be able to continue our life saving work in East Asia if we are to make change happen,” says NDLB Founder, Jeffrey Beri. NDLB’s mission is much broader than the rescue and adoption of its individual survivors. Its mission is to end the dog meat trade in East Asia and to fight for global animal welfare laws. The closure of the US borders to its survivors did not, and will not, stop its fight on the front lines every single day in East Asia. But it did make it more difficult. “I will not turn my back on our survivors, or the millions of dogs in East Asia who deserve to be saved from the barbaric dog meat trade,” says NDLB Founder, Jeffrey Beri. “The inability to transport our survivors to their adopters in the United States threatened the rescue work we are doing in East Asia,” Beri explains. “We had no choice but to look for a solution to evacuate our survivors so that we can continue to make room for newly rescued survivors.” With its Toronto Safe House fully operational and its survivors being evacuated to freedom regularly now, NDLB hopes to be able to assist other international rescues so that they can also continue their life saving work. “NDLB is blessed to have established a presence in such an amazing country with such amazing people who have opened up their hearts and their homes to our slaughterhouse survivors” says Beri. “All of this is in the name of change.” NDLB is leading the efforts in fighting for global animal welfare reform. If you would like to donate to support its efforts in ending the illegal dog meat trade in East Asia, click here. About No Dogs Left Behind: No Dogs Left Behind operates boots on the ground in East Asia, fighting on the frontlines to rescue dogs from the illegal dogmeat trade. We work hands-on with local activists through emergency response, pulling dogs directly from slaughterhouses, dogmeat trucks, wet markets and traffickers. Our mission extends beyond borders, advocating for the creation and enforcement of animal welfare laws, and raising awareness for a cruelty-free, sustainable world in which no animal is violated, exploited, tortured or slaughtered for commercial goods or profit. With nearly 500 survivors in our care, No Dogs Left Behind operates sanctuaries in Dayi and Gongyi in East Asia. Follow us on Facebook, Instagram, YouTube, Twitter, and TikTok. Contact Details No Dogs Left Behind Sherry Chen +1 855-665-0888 sherry@nodogsleftbehind.com Company Website http://www.nodogsleftbehind.com

December 08, 2021 03:15 PM Eastern Standard Time

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Holiday Season Survival Guide

YourUpdateTV

With the holiday season well underway, it’s time to talk holiday gifting, decorating, entertaining, personalization, home styling, and more. And with in-person gatherings resuming, time spent with family and friends this holiday season is more precious than ever before. Recently, Lifestyle Expert and Star of Netflix’s Queer Eye, Bobby Berk, teamed with Shutterfly on a nationwide SMT to discuss his tips on gifting, decorating, and more. A video accompanying this announcement is available at: https://youtu.be/hjidEp0O0Zs More than two thirds of consumers are planning in-person gatherings, more holiday parties, and bigger celebrations this year and Shutterfly makes it easy to unleash your creativity after a year of being apart. According to Bobby, it’s all about giving something a bit more personal rather than something generic or store bought. It’s more meaningful and is such a great way to connect with friends and family after being apart. Shutterfly has so many good options that for people to customize. For example, if your friends love a good game night, create personalized playing cards, pencils and notebooks to really elevate game play. Not only is a personalized gift more meaningful to the recipient, it’s also easy to make whether you’re adding a photo, name, monogram, or unique saying. From custom blankets and candles to coffee mugs and wall art, Shutterfly has something for everyone. Some of Bobby’s favorite ways to add the perfect personal touches to holiday entertaining and decorating include color. Choose a color pallet of 2-3 colors and use them throughout your home. Lighting is also so important. Keep the lighting simple by using white lights and candles that are great for any space and candles can add a nice personal touch as well. Additionally, photos are a great way to decorate for the holidays. Whether that’s adding temporary photo tiles with your favorite holiday memories or decorating your tree with customized ornaments. Or finding the best photos of your party guests and using them as name tags or place cards. For more information, visit Shutterfly.com About Bobby Berk: Berk is best known as the design guru on Netflix’s Queer Eye, but his rise to fame didn’t happen overnight. After years in the creative and design field, he took the leap to start his own brand. Epitomizing hip, urban luxury, Berk’s designs reflect a stylish and youthful spirit that perfectly fits any lifestyle. About YourUpdateTV: YourUpdateTV is a social media video portal for organizations to share their content. It includes separate channels for Health and Wellness, Lifestyle, Media and Entertainment, Money and Finance, Social Responsibility, Sports and Technology. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

December 08, 2021 12:00 PM Eastern Standard Time

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Nice Healthcare Partners with Capsule to Improve Access to Affordable Prescription Drugs

Nice Healthcare

Nice Healthcare, the clinic that comes to you, today announced that it has partnered with leading digital pharmacy Capsule - bringing effortless, free same-day medication delivery to Nice patients in the Twin Cities, Minnesota; Phoenix, Arizona; and Denver, Colorado. Beginning today, all Nice patients in those three markets can choose Capsule to easily manage and receive over 550 Nice formulary medications for zero cost, including free same-day delivery. Nice has integrated with Capsule’s proprietary APIs, enabling clinicians to provide the option to use Capsule via the Nice app, and will leverage Capsule when they prescribe medications. Nice Healthcare is reimagining the delivery of primary health care by combining innovation with the personal touch that has been lost in modern medicine. With Nice, a full-service clinic comes to you. The partnership with Capsule amplifies this benefit with medications delivered same-day to the home or office. Capsule benefits include effortless management and ordering of all 550+ common medications on Nice’s formulary - same-day, for zero cost. Patients will also receive free, same-day delivery for non-Nice formulary medications, OTC medications, and other common medical supplies. “The partnership with Capsule brings Nice’s patients a better pharmacy experience and same-day delivery for all their medication needs,” said Genevieve Swenson, FNP, Cofounder and COO for Nice Healthcare. “Nice was founded on the belief that healthcare should be simple, convenient and affordable for everyone - including those individuals and families who are socially and economically disadvantaged. This partnership further underscores our commitment to make a convenient healthcare option even better for patients and small business employers alike.” “We are excited to bring Capsule’s beloved consumer experience to Nice’s patients and help make it easier than ever before to get, manage, and stay on their medications,” said Eric Kinariwala, Founder and CEO of Capsule. “Our partnership is made possible by harnessing both Capsule and Nice’s proprietary technology platforms in a way unique to the healthcare system. This is healthcare – as it should be.” Key benefits of the Capsule partnership include: Free-same day hand delivery of acute and chronic medications to the patient’s door Patients can manage all of their medications from their phone, tablet, or computer Text, chat, or call expert pharmacists anytime To learn more about Nice Healthcare, visit www.nice.healthcare. About Nice Healthcare Nice Healthcare is redesigning comprehensive healthcare for small and medium-sized businesses by utilizing a mix of technology and in-home care. As an employee benefit, they offer employees and their households in-home and virtual primary care, virtual mental health therapy, and virtual physical therapy services. Their clinicians can also offer patients x-rays, 35 labs and blood draws and a formulary with over 550 medications with no out-of-pocket costs. Since launching in Minnesota in 2017, Nice has expanded its integrated care services to 12 states. About Capsule Capsule is rebuilding the pharmacy industry from the inside out with an emotionally resonant experience and technology that enables customized outcomes for doctors, hospitals, insurers, and manufacturers. Capsule has designed every aspect of the pharmacy experience to give consumers and partners the peace of mind of having their health looked after. Capsule is available in more than a dozen cities across the United States, with expansion plans to have the ability to reach 100 million Americans by year's end. For more information, please visit capsule.com Contact Details Nice Healthcare Karen Swim +1 586-461-2103 pr@nice.healthcare Company Website https://www.nice.healthcare

December 08, 2021 09:00 AM Eastern Standard Time

WhatsApp customer engagement tool WATI.io raises $10m

WATI

WATI.io (WhatsApp Team Inbox), a comprehensive WhatsApp customer engagement tool for small businesses, has raised $8.3Mn in Series A led by Sequoia Capital India with participation from Surge, Base Partners and several prominent angels including Gokul Rajaram, a member of the DoorDash executive team and and board member at Coinbase and Pinterest. WATI.io has over 3,000 customers across 54 countries including India, Indonesia and Brazil. Over the last 6 months, WATI’s customer base has seen a 4x growth, revenue has grown 5x and 100 million messages have been processed. They are now a 41 member team across seven countries. With this fundraise, they have raised a total of $10M in the last six months. The funds raised will be used to bolster technology and product development by expanding product integrations. It will also be used to double the team size and improve their presence in Latin America. Messaging is the most pervasive way humans connect today. COVID-19 has shifted our lives online. Customers expect brands to serve them on channels they are most comfortable with. So, when customers are able to reach out to brands on platforms like WhatsApp that they are already familiar with, it builds a higher level of trust for the brand. While many solutions for enterprises to achieve this shift exist, tens of millions of SMBs globally are left underserved. To meet customer expectations, SMBs resort to using WhatsApp on their personal phones. This leads to bottlenecks with relevance of the support and the inability to scale. WATI.io, launched by Ken Yeung and Bianca Ho in late 2020, addresses this gap. Built on WhatsApp’s API, it helps small businesses personalize conversations with customers at scale. WATI.io helps customer support, marketing and sales teams engage with customers using a single WhatsApp number. Since brands are able to get a holistic view of customer conversations across teams, they are also able to provide a better user experience. WATI.io solely focuses on building tailored experiences on WhatsApp enabling them to quickly iterate on new features on the platform as well. “WATI’s mission is to help businesses do more with less. Our one-click integration with the most commonly used tools like Shopify, WooCommerce, etc. enables businesses to provide holistic customer experience at scale. We look to use this funding to attract world class talent to help us build this.” Ken Yeung, CEO Businesses love WATI.io because it helps improve customer satisfaction without additional workforce and in turn helps improve revenue. This is possible with automation through WATI’s low-code workflow builder without being dependent on developers. Through WATI’s API, SMBs can send programmatic personalised notifications from their system. Especially in the case of ecommerce businesses, WATI’s one-click integrations with tools like Shopify, reduces abandoned cart rate and helps increase revenues. Marketers also rely heavily on sending targeted notifications to drive sales. High growth startups are able to derive value with WATI’s suite of tools which empower them to collaborate and move fast. In addition to thousands of SMBs, WATI’s clients include Dukaan, Oppo, VU TV, Gojek, Grab, Aerostreet. “WATI is on a mission to help hundreds of millions of SMBs across the world communicate more effectively with their customers on one of the most ubiquitous messaging platforms - WhatsApp. They’ve achieved terrific growth rates this past year while breaking even, but what is more exciting is the expansive set of product possibilities in front of the company as they capitalise on the market opportunity. Sequoia Capital India is excited to deepen the partnership with Ken and Bianca in the next stage of their journey of building WATI.” Abheek Anand, MD, Sequoia India About WATI Founded in 2020 in Hong Kong, WATI.io helps companies have personalised conversations with customers at scale. Built on WhatsApp’s Business API, it is an easy-to-use customer engagement software that focuses on automation and one-click integrations to help businesses do more with less. WATI.io has been an official partner of WhatsApp since 2019, and was part of Surge 05, Sequoia India’s rapid scale up program for early stage startups. Contact Details WATI Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.wati.io/

December 08, 2021 08:00 AM Eastern Standard Time

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HowToBet.com Are Running Red Hot Making Their Picks in the HowToBet Podcast

HowToBet.com

We are now entering the final stretch of the 2021 National Football League season, but for the hosts of the How to Bet podcast, it has been playoff mode for a few weeks. Why? Because they are red hot making their picks in the various sections of the podcast, which continues to grow with each new edition. Daryl Fein and Sean “The Genius” Miller are now veterans of the game, heading into their 15th week on the show. The newest editions, which drop on Wednesday, December 8, cover Week 14 of the NFL season. The longer podcast, with the accompanying shorter shows, such as the Parlay Power Plays of the Week, Top 5 Bets of the Week, and NFL Betting Lines- Odds and Line Comparison, as well as the NCAA Football and over under segment, have all proven to be big hits for much of the season. Along with the podcasts, Miller also posts stories on the How to Bet website for the Thursday Night Football Bets, the Sunday Night Football Bets, the Monday Night Football Bets, and an overview of the whole week’s upcoming NFL Betting Lines, including all the opening lines and the current spreads, so bettors can have up to date lines all the way up until kickoff. With the playoffs now in sight, for both NCAA football and the NFL, the crew hopes to pick it up a notch, for all the bettors watching, and reading, around the world. “We had to battle for a few weeks there, right there around the middle of the season, when there were upsets every time I checked the scores,” Miller said. “It was a little bit crazy. But Daryl and I have been pretty hot over the last few weeks. I know personally my picks have been winning money, and that is the name of the game here for bettors. “There are 14 NFL games each week, and in the coming weeks we will start getting 16 games again. We try to focus on the games that we think will make the bettors the most money. It is hard to say the easiest games to pick, because there are no easy games. This season has been very tough to figure out: teams are up and down, and there have been so many unpredictable results. But what I, and I know Daryl, try to do is find a bet that might be more predictable. “There are some hot teams right now, and if you have been riding the Dolphins, Chiefs, or Washington, you could be sitting pretty right now. Then, of course, you can also find a lot of prop bets to play. If you can hit a +300 or +400 bet or two, you are already ahead for the week.” One of the things that has been most challenging to the duo is the chaos of the 2021 NFL season: entering Week 14, only six (and you could make an argument really only four) of the 32 teams are out of the playoff race with just four weeks to go. There are still two divisions (AFC North and AFC West) with all four teams at.500 or better, and the AFC has 12 teams at.500 or greater, and another, the Miami Dolphins, just one game under, which is a record for this late in a season. Of course, this is the first 17-game campaign ever, so we might see some more mayhem in the coming month. “I just think this season has been so interesting to watch, and of course to try to handicap and bet,” Miller said. “There are six games this week between teams that are between 5-7 and 8-6. Those teams are obviously not the elite of the season, but if you just look at what the Kansas City Chiefs have done of late, Washington, or Miami, if you can get hot right now and get into the playoffs, you will think you have a chance. “Just remember, last year, Tampa Bay was an afterthought as a Wild Card, and then won three games in a row to play the Super Bowl at home. Could one of the teams sitting there, down the standings, do the same in February?” One thing is for sure, though, through all of this chaos: the How to Bet crew is going to be pushing forward for the next month, getting ready for the NFL playoffs, and of course the BCS Playoffs at the end of December. About HowToBet.com HowToBet.com offers one of the world’s most comprehensive betting guides that can be accessed via a user-friendly web app. Its mission is to help make online betting safe, fun and as easy as performing a search on the web. There are already more than 400+ how-to guides freely available, all written by seasoned betting professionals. More guides are being added on a weekly basis in a continued effort to educate anyone interested in what is now a $199 billion betting industry. For more details, visit: https://www.howtobet.com/about-us/. Contact Details HowToBet.com Cristian Campan +45 50 30 42 66 cristian.campan@raketech.com Company Website https://www.howtobet.com

December 08, 2021 07:45 AM Eastern Standard Time

MGVC Becomes A Top-10 Strategic Investor Globally while Putting C. $2M USD into Two New Game Studios

MY.GAMES

MGVC, the investment division of MY.GAMES (part of VK), has invested into two gaming studios, Square Triangle and Talerock, for a total sum of around $2m USD. Through the deals, MGVC has acquired minority stakes in the studios with options to purchase control. According to InvestGame, over the first nine months of 2021 MGVC became one of the top-10 largest strategic investors in the world, with cumulative investments exceeding $30m USD. Since its foundation, MGVC has now invested in 49 studios (12 of them this year). “MGVC continues to expand and diversify its portfolio with games in new genres from outstanding studios. When we look for partner-studios, the primary factors for us are the team’s experience, how original their idea is, and their business vision for the project. The teams at both studios were formed long ago and have several successful releases in their portfolios. I’m confident these partnerships will pave the way for many hit games,” said Nikita Matsokin, MGVC Executive Producer. Square Triangle’s founders have been working in the video games industry for more than eight years. The current team started working together in 2018, and decided to create their own studio in 2020. Staff members are located all around the world. One of the team’s previous projects is Bowling by Jason Belmonte - a sports simulator that reached $100,000 in revenue per month. The studio is currently working on a casual PvP sports simulator, promising dynamic and engaging gameplay. The game’s launch is slated for next year. Talerock studio was founded in Moscow in 2016 and has a team of 17 people. The studio’s portfolio includes tactical RPG Grimshade (PC) and several projects on creating in-game art for large publishers. Talerock is currently working on a mobile F2P game in the hidden object genre, with a detective story spanning several historical eras at the core of its narrative. The studio is focusing on high-quality art, making the story engaging, and character customization. The project is expected to be announced in 2022. About MY.GAMES: MY.GAMES is an international gaming brand and a leading online entertainment company. MY.GAMES comprises 11 regional offices in Russia, Europe and the US, over 1,800 staff, and 14 development studios. MY.GAMES creates titles for the PC, consoles, and mobile devices. The company operates over 80 projects, with more than 150 titles in its portfolio including War Robots, Hustle Castle, Left to Survive, Skyforge, and Allods Online. MY.GAMES portfolio includes renowned titles like Warface, ArcheAge, Perfect World, Revelation Online, Conqueror's Blade, Lost Ark, and more. Contact Details Renaissance PR Emily Britt +44 7530 081191 emily@renaissancepr.biz Renaissance PR Stefano Petrullo +44 7828 692315 stefano@renaissancepr.biz Renaissance PR Sophie Carter +44 7810 848320 sophie@renaissancepr.biz Company Website https://mgvc.com/en

December 07, 2021 09:01 AM Eastern Standard Time

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Jock MKT User Turns $20 Into Over $110,000 Through the “Stock Market for Sports”

Jock MKT

Jock MKT (Jock Market), the company turning sports into a stock exchange, announced one of its users has accumulated $113,420 in lifetime net winnings on its platform. Drew Heinl of Columbus, Ohio gradually accumulated his winnings since joining Jock MKT in October 2020. As of Dec. 7, 2021, he has executed over 15,000 trades in cash markets for the NFL, NBA, NHL, MLB, and PGA Tour. “Netting six figures on Jock MKT has been a ride I could have never imagined,” said Heinl. “Unlike traditional sports betting where outcomes are binary, Jock MKT allows me to use my skill and knowledge of sports in a way where I’m growing my wealth gradually and limiting my risk with regular guaranteed payouts. This wasn’t an overnight instant success. I worked hard. But I’ve had an absolute blast doing it.” Heinl is not the only Jock MKT super-investor creating his own “bull market” on the platform. Five users have executed over $1 million worth of trades and several are close to joining Heinl in the $100,000+ Jock MKT club. “We love following the journey of Drew and so many of our other users who have seen incredible returns on Jock MKT,” said Tyler Carlin, CEO of Jock MKT. “We offer a platform where you can start with a small deposit and grow it into a significant amount of money over time.” Available in 35 U.S. states, Jock MKT’s main differentiator is its cash market format – this unique offering gives users more flexibility and optionality versus typical daily fantasy contests. Users can join at any time and for any dollar amount. They can buy and sell shares of athletes in real-time, cash out early by selling to another user in-game or hold to the end and receive fixed Jock MKT payouts tied to final player rankings based on overall fantasy scoring. Each cash market starts with an “Initial Player Offering,” or an IPO, where users have their first opportunity to bid on shares before any contest. About Jock MKT Headquartered in Boston and launched in 2020, Jock MKT ( JockMKT.com ) is a skill-based fantasy gaming platform where users can make real money – every minute, every second, of every game. Inspired by a traditional stock exchange, Jock MKT allows users to buy and sell shares of athletes in real-time. Jock MKT was co-founded by Tyler Carlin and investors include Left Lane Capital, Will Ventures, Ryan Moore, Brandon Adams, Benjie Cherniak, Tim McSweeney, and Alumni Ventures Group. Available in the U.S. in 35 states, Jock MKT offers gaming options for events tied to the NFL, NBA, MLB, NHL, and PGA Tour. Contact Details Eric Nemeth nemeth@ericpr.com Company Website https://jockmkt.com/

December 07, 2021 08:09 AM Eastern Standard Time

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