VANCOUVER, British Columbia – November 20, 2019 – Planet Ventures Inc. (TSX-V: PXI; FSE: P6U) (“Planet” or the “Company”) today announced that it obtained DTC eligibility with The Depository Trust Company (“DTC”) in the United States.
The DTC is a subsidiary of the Depository Trust & Clearing Corporation (“DTCC”), a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered “DTC eligible.” This electronic method of clearing securities accelerates the settlement process for investors, enabling the stock to be traded over a wider network of brokerage firms, achieved by adhering to compliance standards.
“This is a great first step for us to penetrate the US market” says Zula Kropivnitski, CFO of Planet Ventures. “We have been getting a lot of traction with our new investments in the eSports realm and DTC eligibility will allow US investors to invest in our company more easily. We look forward to exposing our exciting story to the American market over the coming months.”
eSports has now been recognized an “explosive billion-dollar industry” with events occupying massive stadiums, and with millions of spectators watching through streaming services. Newzoo, a market analytics company, estimates that the eSports market could reach $1.8 billion to as high as $3.2 billion in revenue by 2022 (source: https://fortune.com/2019/02/14/global- esports-market-revenue/).
About First XI
First XI’s unique business model combines the passion for Football & eSports with cutting edge gamer technology combined with exclusive access to football stars. First XI, is the first sports media company to produce and manage e-Sports teams made up entirely of professional soccer players alongside soccer legends who will play against, participate and engage with football fans and gamers as part of a unique and exciting gaming experience.
First XI’s licensed proprietary technology platform will provide a 24/7 gamer hub, dedicated to gamers and soccer fans delivering live competitive e-Sports competitions, professional events, jackpot prizes, news, games updates, live media partner information. 1st XI’s game platform offers players multiple game options, via syndicated and collective peer-to-peer group play.
Subscribers & First XI Gold, Silver, Bronze Club members will have the opportunity to play with and against and watch soccer stars play FIFA, esports, via live streamed social media networks, including First XI’s own dedicated e-Sports gamer platform. With an obtainable daily reach of millions of players.
First XI’s social reach, delivers relevant and compelling content with its ability to drive revenues, deliver a significant audience and attract International brands on a global basis. Combining the passion for football alongside the significant growth in e-Sports, offers a unique opportunity to build a subscriber base of millions of dedicated sports fans.
The company is based in the UK with an operating subsidiary in Brazil. The passion that Brazil has for sports is clearly visible in its thriving and growing eSports scene. The Country boasts a significant and substantial gamer base in excess of 75.7M and has the third largest E-Sports fans base in the world with 7.6 million Brazilians watching professional content more than once per month (Data sourced from “Newzoo”)
About Planet Ventures Inc.
Planet Ventures Inc. (PXI.V), is an investment issuer listed on the Toronto Venture Exchange, that is focused on investing in disruptive companies and industries that have high growth potential. Our unique portfolio driven investment policies provide our investors access to emerging and high-growth opportunities while shielding them from any formidable downside.
For more information, please visit our website: planetventuresinc.com
ON BEHALF OF THE BOARD
Chief Financial Officer and Director
INVESTOR RELATIONS CONTACT
PLANET VENTURES INC.
Tel: (604) 681-0084
Fax: (604) 681-0094
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