SportXction - Proprietary, Real-Time Software System for Play-by-Play Wagering
TAMPA, FL, June 25, 2018 (GLOBE NEWSWIRE) -- Arias Intel Corp. (OTC Markets: ASNT) (the "Company"), a technology, media and mobile gaming platform, today announced it has entered a Letter of Intent to spin-out its SportXctiontechnology.
By spinning-out the SportXctiontechnology, the Company’s shareholders will receive a pro rata share dividend in the new public company and the Company would receive a royalty for the use of the technology. The Company believes the recent U.S. Supreme Court ruling to allow states to legalize sports betting opens the domestic market for mobile application development using the SportXctiontechnology.
SportXctionis a proprietary, real-time interactive software system which allows a user to make play-by-play wagers on a sporting event while the event is in progress. Wagering may be conducted online while viewing a live sporting event.
The SportXctiontechnology accepts wagers not only on the outcome of the sporting event, but also on discrete parts of the event and on specific in-game situations for such sports as soccer, football, baseball, basketball, golf, tennis, rugby, cricket, among many others. The Company believes this technology has multiple mobile applications, but the development can be better supported as a stand-alone company to seek joint venture development partners.
According to a story in USA Todayon May 14, 2018, the writer estimates, “Within the next few years, there’s a good chance I’ll be able to walk into my local NBA arena on a Wednesday night, settle into my seat for an otherwise meaningless regular season game, flip on my phone and place $10 on whether the teams will score more or less than 50 points in the first quarter.”
The wagers offered through the SportXction are primarily oriented to short-term action, for example, is the penalty kick successful, is the next play a run or a pass, is the next pitch a ball or a strike, does the shooter make two foul shots, points scored in a quarter, and many more. The wagers have odds associated with them, which relate to the probable outcome of the proposition being wagered upon, and the odds are adjusted in real-time to balance the betting using proprietary algorithms and artificial intelligence software to reflect user sentiment, as derived from their betting patterns.
The Company acquired the intellectual property rights and gaming software technology from Interactive Systems Worldwide, Inc. ("ISWI"), including its SportXction rights, in July 2017. According to ISWI, the technology has been used in the U.S., as well as licensed in Europe, Asia and South America and has supported wagers on over 2,800 annual sporting events worldwide.
About Arias Intel Corp.
Arias Intel Corp. is a digital media platform for tech, media, and gaming, which includes mobile apps and gaming, augmented and virtual reality, on-demand delivery, digital and social media, and e-commerce. The Company plans to generate revenue through in-app purchases, service fees, and cross-channel advertising.
The Company's focus is on developing innovative technologies that leverage connectivity, distribution, and social networks. The Company intends to use its digital platforms to implement its unique marketing strategy that empowers viral and social mechanisms to reach a growing demographic that utilizes: (1) mobile apps and gaming, (2) social media, and (3) on-demand delivery. The Company believes its platforms are entertaining, convenient and scalable.
The Company intends to use its platform to build its subscriber base and boost users' engagement within its digital platforms to gather analytics and target advertising directly to users based on their preferences. The Company is also exploring opportunities to expand a suite of mobile games and apps that target similar audience demographics. The Company may explore these opportunities through the acquisition of operating companies, asset purchases or internal development.
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
CONTACT: Contact Information Arias Intel Corp. (877) 749-5909 info@AriasIntel.com Hayden IR (917) 658-7878 email@example.com
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