Fandom
Launches New Website in Anticipation of Wagering Platform
Launch
Vancouver, British Columbia –
January
21,
2021
-- InvestorsHub NewsWire -- Fandom
Sports
Media Corp. (CSE: FDM) (OTC: FDMSF) (FRANKFURT: TQ43) ("Fandom" or the
"Company"), is
pleased to announce that it has launched a re-engineered website
for the Company at
www.fandomesports.com
The new website replaces a legacy site that the Company had
inherited from previous iterations of earlier versions of the
Fandom
application. After completion of preliminary beta testing
announced in the summer of 2020, the Company has undertaken a
comprehensive redevelopment of the entire app transitioning to a
modular Unified Information Access (UIA) platform
(or the "Fandom Platform"). As previously announced on
November 11, 2020 the company commenced data analysis for leading
game titles: League of Legends, Dota 2,
CS:GO
which has now been completed. Furthermore,
the company is examining different options to deploy a private
cloud infrastructure which will insulate the Company from
3rd
party
service interruptions as recently experienced by several wagering
and fantasy platforms over the summer and most recently with
certain social platforms being barred from cloud hosting
services.
"Our commitment to safety, security, privacy and the ultimate
scalability of our platform is being engineered into the back end
of our platform
and infrastructure from Day 1," states Stan
Yazhemsky,
Chief Technology Officer. "The Fandom platform is ready for
engagement by a global user base and the UIA platform will
streamline the addition of new
Esports
titles as they emerge to
a
global
gaming audience."
The company is now testing numerous previously announced payment
processing options including the processing of crypto
payments. Once completed, the Fandom platform will go live
with
both a
free play and a wagering
market place
(P2P). Bettors will be able to select from hundreds of wagers
on dozens of tournaments across games
for which
Fandom has already completed APIs.
Freeplay
will be available to a global audience while the wagering will be
geofenced to jurisdictions where permissible by the Company's
Curacao iGaming Wagering License.
This is an identical model that has been employed by the leading
Poker sites in the
past which resulted in billions of dollars of value creation for
shareholders.
Operating under this model diversifies the Company's business model
to capture the vast majority of the gaming demographic to provide
them the opportunity to become accustomed with
the Fandom user experience and then, if they so choose, to play for
real currency when they become of age and if they are in a
jurisdiction where permissible.
Ultimately the user play will be based on the credentials of the
players jurisdiction.
The Company is working on numerous initiatives to expand its
licensing footprint and updates will be issued as they become
material. The expectation for the launch of the wagering
platform is imminent and updates will be issued
accordingly.
"PLAY.
PREDICT. GET REWARDED."
For
additional Information:
David
Vinokurov
CEO,
President
Fandom
Sports Media Corp.
Email:
info@fandomesports.com
Phone
+1 (604)
256
6990
The CSE has not reviewed and does not accept responsibility for the
adequacy and accuracy of this
new release.
DISCLAIMER:
Certain statements made herein may contain forward-looking
information within the meaning of the applicable Canadian
securities laws ("forward looking statements"). Often, but not
always, forward-looking statements can be identified by the use of
words such as "plans", "expects", "budgets", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or "believes"
or the negatives or thereof. Forward-looking statements herein
include, but are not limited to statements with respect
to:
the
affiliate marketing relationship with Elite Duels Corp.
and the entering into a
definitive agreement for the affiliate marketing partnership
and the expected benefits to
Fandom
from the definitive agreement;
market acceptance of the Company's
peer-to-peer wagering platform;
the Company's
expectation of
becoming
a world-class engaging eco-system for all ages fans and fans of
wagering on live Esports events;
and the expected growth and health of the Esports
betting
market in general.
Forward-looking statements by their nature are based on assumptions
and involve known and unknown risks, uncertainties and other
factors which may cause the actual results to be materially
different from those expressed or implied by the forward-looking
statements. We have made certain assumptions, which our management
believes to be reasonable, about the forward-looking statements,
including the ability to
enter into a definitive affiliate marketing agreement with Elite
Duels Corp.,
the expected revenue and other benefits to be generated by the
relationship, as well as the ongoing performance advantages of
the
Company's platform
in comparison with existing or future competitive offerings, and
the future growth of the market in which we compete. However, we
can provide no assurance that the forward-looking statements will
prove to be accurate. Furthermore, should one or more of the risks,
uncertainties or other factors materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those described in forward-looking statements. Accordingly,
you should not place undue reliance on the forward-looking
statements or information contained herein. Important additional
information identifying risks and uncertainties and other factors
is contained in the section entitled "Risk and Uncertainties" in
the Company's most recent Management Discussion and Analysis filed
on SEDAR.
Except as required by law, we do not intend to update
forward-looking statements whether as a result of new information,
future events or otherwise.
