ChallengerX Plc Agreement with Triad Endeavour Sports & Entertainment
16 Junio 2022 - 2:00AM
UK Regulatory
TIDMCXS
16 June 2022
ChallengerX plc
("ChallengerX" or the "Company")
ChallengerX Signs Digital Asset Monetization Agreement with Triad Endeavour
Sports & Entertainment
ChallengerX plc (AQSE: CXS) announces the signing of a Digital Asset
Monetization Agreement ("DAMA" or "the agreement") with Triad Endeavour Sports
& Entertainment.
The agreement carries an initial term of five years and will immediately see
Triad Endeavour onboarded into the CXSports Money Pages platform. Additional
Money Pages will also be created for many of the events and talents which are
under Triad Endeavour's management.
Triad Endeavour is an event promotion and talent management company working
across sports, theatre, film, music, podcasting, and sportswear. Its headline
promotion, the Ultimate Fight League (UFL), has seen a roster of esteemed
fighters like Charlie Milner and Chris Duncan from leagues such as Bellator and
the UFC competing.
Triad Endeavour co-founder Sayed Gilani said, "We are a small team punching
well above our weight and we're forever in need of additional capital to take
our UFL event to the next level. We see this agreement as an important step
forward in generating much-needed revenues and growing our league."
ChallengerX COO Lucas Caneda said, "We look forward to working with Triad
Endeavour, especially as they look to grow the UFL. It's a promising event, and
we couldn't be more excited to play an important role in its continued growth.
Our Money Page platform provides sports leagues, teams, and athletes with an
instant solution that helps them monetize their digital influence and online
following, at no cost to them. Clients can have their dedicated Money Page
ready in a matter of days, if not faster."
About ChallengerX plc:
Listed on the Aquis Stock Exchange in London, ChallengerX plc is a
Software-as-a-Service "SaaS 2.0" monetization technology and digital marketing
company serving sports clubs, players, sports news sites, and other influencers
around the world. Its technology helps its customers, at no cost, generate
incremental recurring revenues from their existing followers via a proprietary
LOPI ("Leverage Other People's Influence") strategy.
ChallengerX also offers bespoke service packages that help clubs develop and
build their brand, rapidly grow their base of fans, gain additional higher-end
sponsors, and source and sell club merchandise through a club-branded eStore
the Company operates on each club's behalf.
This announcement contains information which, prior to its disclosure,
constituted inside information as stipulated under Regulation 11 of the Market
Abuse (Amendment)(EU Exit) Regulations 2019/310 (as amended).
The directors of ChallengerX plc accept responsibility for this announcement.
For further information please contact:
ChallengerX plc
Olivia Edwards Phone: +44 7467 287353
Chief Executive Officer Email: olivia@challengerx.io
John May Phone: +44 786 071 5075
Non-Executive Chairman Email: john@challengerx.io
First Sentinel
Corporate Adviser Phone: +44 7876 888 011
Brian Stockbridge
END
(END) Dow Jones Newswires
June 16, 2022 03:00 ET (07:00 GMT)
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