Mr. Daniel Kajouie reports
ISIS LAB CORPORATION PROVIDES CORPORATE UPDATE
Isis Lab Corp. has provided a corporate update after the filing of its annual financial statements and management discussion and analysis for the fiscal period ending Dec. 31, 2013. Isis, during the past fiscal year, was actively involved in both product and market development. Below are highlights for fiscal 2013.
Year-end highlights
- Completed a reverse takeover transaction into Wedona Capital Inc. on Nov. 7, 2013;
- Commenced trading under new company name Isis Lab Corp. on Nov. 10, 2013;
- Completed financing for gross proceeds of $6.9-million consisting of 23 million units with a unit price of 30 cents;
- Generated revenue of $214,702 for the fiscal period while completing beta testing of its proprietary on-line gaming platform;
- Recipient of 2013 most innovative start-up of the year from 2013 Global iGaming Summit and Expo;
- Launched first true social network build and regulated for on-line gaming market in the United Kingdom;
- Engaged Kin Communications to provide investor relations activities;
- Appointed Ute Koessler as vice-president of corporate development and communications;
- Appointed Michele Clayborne as vice-president of public relations and branding.
With the successful public listing and subsequent launch of Isis Friends in the United Kingdom, Isis Lab is well positioned to benefit from new opportunities in regulated jurisdictions seeking a social-network-oriented gaming platform. In early 2014, the company entered into an agreement with Microgame SPA, a leader in the regulated Italian on-line gaming sector. In addition, the company engaged a chief marketing officer and a chief technology officer. These additions and the global market for regulated gaming present new opportunities for Isis Lab to provide on-line gaming solutions.
President Daniel Kajouie states: "We are extremely pleased with our progress to date and look forward to continuing our strategy of introducing and providing a social-network-based gaming solution for newly regulated markets. Through our initial agreement in the United Kingdom we have been able to demonstrate the benefits of Isis Friends and believe our platform will continue to generate revenue for our licensees. Our marketing initiatives have been and continue to be presented to a number of European and North American groups."
The company's audited annual financial statements and management's discussion and analysis (the MD&A) for the 12 months ended Dec. 31, 2013, are available on SEDAR and on the Isis Lab website.
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