VANCOUVER, British Columbia , June 30, 2023 (GLOBE NEWSWIRE) -- AlphaGen Intelligence Corp. (CSE: AIC) (FSE: W4V), (OTC PINK: APETF) (“Alpha” or the “Company”), a technology company that focuses on emerging markets in metaverse AI, gaming and generative artificial intelligence, is thrilled to announce that it will, in collaboration with KLKTN Ltd. (“KLKTN”), work on the development of virtual experiences and digital collectibles.

Alpha’s studio, Shape Immersive (“Shape”) has previously collaborated with KLKTN, developing innovative NFT manga and anime platforms, including Weebox. Weebox is a premier platform catering to the needs of manga and anime enthusiasts, offering a virtual retail space to acquire and trade officially licensed digital collectibles. Be sure to check out Weebox’s webpage to learn more.

Founded in 2021, KLKTN hosts a digital platform built for a new era in fandom and entertainment IP-focused collectables. KLKTN strives to create a new economy around the most influential manga and anime IPs. Through KLKTN, fans across the globe can own digital collectibles from their favorite manga and anime, showcase their collections in virtual rooms, and connect with fellow fans.

KLKTN has garnered support from renowned investors, including Dapper Labs, the force behind popular ventures like CryptoKitties and NBA Top Shot and the minds behind the development of Flow blockchain, Animoca Brands, a blockchain gaming company boasting an impressive portfolio of approximately 380 companies, BEENOS, a prominent Japanese internet and entertainment company, and Gusto Collective, a brand-tech group known for their fusion of storytelling and immersive technology.

"The Shape team continues to deliver above and beyond our expectations. We are all blown away by their depth of knowledge and expertise in the realm of 3D," said Daisuke Iwase, CEO of KLKTN. "Their attention to detail and willingness to push the boundaries of what is possible has resulted in what we believe to be truly innovative and engaging experiences for our customers."

"We are thrilled to collaborate with KLKTN, a leading company in the anime and manga industry, to produce virtual experiences and digital collectibles," expressed Brian Wilneff, CEO of Alpha. "We believe that the partnership between our two entities paves the way for expansive market opportunities, capitalizing on the surging demand for digital collectibles. By merging our proficiency in emerging technologies with KLKTN's stronghold in manga and anime IPs, we will aim to curate mesmerizing virtual experiences that captivate fans and collectors across the globe. This collaboration establishes our position within the realm of digital collectibles."

About Alpha:

AlphaGen Intelligence Corp. (CSE: AIC) (OTC: APETF) (FSE: W4V) is a publicly traded company, holding a portfolio of assets in metaverse, gaming and generative AI. Operational units include: Shape Immersive, a full service metaverse studio building the future of web3 gaming and virtual retail experiences for Fortune 500 companies and beyond through 3D, NFT, XR and game production; MANA, a custom-built Gaming SaaS solution and innovation lab that empowers partner companies to level up their community engagement by launching their own competitive gaming platforms; GamerzArena, a gaming platform that provides an esports ecosystem for all gamers. The platform provides video game contests for top titles where gamers can compete for cash and prizes. Alpha clients and partners include RTFKT, Olympics, Star Altas, Red Bull, Intel, TED and more. Learn more at: alphagen.co.

Contact:

Investor Relations: ir@alphagen.co - 604 359 1256

On Behalf of The Board of Directors

Brian Wilneff

Chief Executive Officer

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Alpha’s current beliefs or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the outcomes of, and the benefits arising to customers from, the collaboration between KLKTN and Alpha, including the expectation that the collaboration will result in innovative and engaging experiences that captivate customers, fans and collectors worldwide and will open a vast market opportunity for Alpha in the growing digital collectibles space; Alpha’s positioning in the realm of digital collectibles; future trends in the collectibles industry, including estimates of future size and annual growth rate; and KLKTN’s ability to create a new economy around the most influential manga and anime IPs.

Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, including, in respect of the forward-looking information included in this press release, the assumption that: that the collaboration between Alpha and KLKTN will proceed as intended and be successful in providing the expected benefits, including that the collaboration has resulted in the creation of a product that provides innovative and engaging experiences that captivate customers, fans and collectors worldwide and that the collaboration will allow Alpha to access the market opportunity presented by the digital collectibles space; that Alpha’s capabilities and experience in emerging technologies position it to take advantage of growth in the digital collectibles space; that current trends in the collectibles industry will continue to develop as anticipated and will result in the estimates of the future size and annual growth rate presented in the press release being accurate; and that KLKTN’s products will create a new economy around the most influential manga and anime IPs.

Although forward-looking information is based on the reasonable assumptions of the Company’s management, there can be no assurance that any forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include the risk that the collectibles market will experience downturns and that the growth and development of this market may not proceed as expected, as a result of industry specific trends and events, global economic trends and events or otherwise; risks relating to collaborations, including that the collaboration between Alpha and KLKTN will not result in the realization of the expected benefits or any benefits at all; the risk that Alpha’s collaboration with KLKTN, and its experience working in other emerging technology segments, will not yield the anticipated benefits to Alpha, including exposing Alpha to market opportunities or positioning Alpha to take advantage of growth in the digital collectibles space; that KLKTN’s products and other offerings in the anime and manga segments may not have the market adoption or popularity anticipated; and the other risks set forth in Alpha’s other continuous disclosure documents, filed on Alpha’s profile on SEDAR at www.sedar.com. The forward-looking information contained in this release is made as of the date hereof, and Alpha is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

The Canadian Securities Exchange has not reviewed, approved, or disapproved the contents of this press release.