Yahoo Finance LottoGopher Holdings Provides Update on its Lottery Messenger Service
Targeted Marketing and Expansion Plans to Lead Growth
Vancouver, British Columbia--(Newsfile Corp. - March 12, 2018) - LottoGopher Holdings Inc. (CSE: LOTO) (OTCQB: LTTGF) (FSE: 2LG) ("LottoGopher" or the "Company"), a lottery messenger service that allows users to easily order and manage their state lottery tickets online, is pleased to provide an update on its lottery messenger service.
Since closing on its over-subscribed private placement of CAD$3.7 million in late January, LottoGopher has carefully analyzed different methods of deploying capital toward growing its lottery messenger service. After identifying and analyzing varying approaches and strategies, LottoGopher is now ready to commence deploying capital in a prudent fashion to expand its business.
LottoGopher, currently offered in California, has identified and started the process to expand to its next four states, located in the eastern and southern part of the United States. The Company has submitted comments to regulators in one of the states and expects to be licensed and approved by the end of the summer.
LottoGopher partnered with a firm that provides U.S. ticket procurement services to other lottery messenger services worldwide. This initiative will drive lottery ticket acquisition to LottoGopher in newly expanded states.
LottoGopher is identifying and negotiating with online influencers to assist with direct marketing to consumers. Additional direct to consumer channels, such as informational segments on major television networks and shows, native advertorial stories on high traffic websites and expanded social media campaigns are all being evaluated.
The potential acquisition of a customer database previously announced by LottoGopher on November 20, 2017 has been terminated due to unsatisfactory due diligence on the proposed customer list and its valuation. LottoGopher has determined not to pursue the transaction.
LottoGopher also announces that it has granted an aggregate of 3,100,000 stock options to certain of its directors, officers, consultants and advisory board members. The stock options have an exercise price of $0.20 CAD per share and expire 5 years from the date of grant. In addition, LottoGopher entered into an amended employment agreement with its CEO, James Morel, pursuant to which Mr. Morel will receive an annual salary of USD $250,000 and share awards of an aggregate of up to 950,000 common shares, with 350,000 common shares being issued upon entering into the agreement and an additional 200,000 common shares being issued on the dates that are 6 months, 12 months and 18 months from the date of the agreement, subject to Mr. Morel remaining as an employee of LottoGopher.
About LottoGopher
LottoGopher is a lottery messenger service that allows users to easily order and manage their state lottery tickets online using a debit or credit card. By allowing individuals to choose their numbers and safely order tickets for the official lottery drawings in California, LottoGopher makes it simple for users to keep track of their tickets and winnings. With LottoGopher, individuals can either play alone with a single ticket or create and join online public and private groups to pool winnings from California lotteries, including Mega Millions, Powerball and SuperLotto Plus. LottoGopher offers memberships that allow California residents to order multiple tickets from various lotteries. LottoGopher also enables users to stay up to date on the latest drawings, track their tickets and collect winnings. Members have exclusive access to expert player strategies, jackpot alerts, lottery news, lucky number pickers and winners’ financial resources.
On behalf of the Board of LottoGopher Holdings Inc.
"James Morel"
President, CEO & Director
For more information, visit LottoGopher.com, like LottoGopher on Facebook and follow on Instagram, Twitter and LinkedIn. For Investor Information, please visit LottoGopher.com/investor
Contact Us
Investor Inquiries
Stephen Hart
Investor Relations
917-658-7878
Media Inquires
Jane Tattersall
LottoGopher
866-LOTTO-GO
Corporate Office
3807 Wilshire Blvd. Suite 705
Los Angeles CA, USA
90010
Forward-Looking Statement
This news release contains statements and information that, to the extent that they are not historical fact, constitute "forward-looking information" within the meaning of applicable securities legislation, including statements in respect of LottoGopher’s plans to expand its business into new states. Forward-looking information may include financial and other projections, statements regarding expansion plans, as well as statements regarding future plans, objectives or economic performance, or the assumption underlying any of the foregoing. Statements in this news release relating to the Company’s proposed change of business are forward-looking information. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking statement speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company's management to predict all of such factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The Company does not undertake any obligation to update any forward-looking information to reflect information, events, results, circumstances or otherwise after the date hereof or to reflect the occurrence of unanticipated events, except as required by law including securities laws.
The CSE has in no way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
