Breaking #Sports/ #eSports #Stock News
- Sports Venues of Florida (OTC: $BTHR) announces aggressive ramp up in Shadow
Gaming tournament schedule; @sportsvenuesfl
(OTC: $BTHR) also changing from a free platform to a membership
based platform
TAMPA, FL, June 17, 2020 - ( Investorideas.com newswire) – Breaking Sports/e-sports news - Today, Sports Venues of Florida, Inc., (OTCMKTS: BTHR), an emerging leader in
the eSports, youth sports and family sports entertainment markets, announces it
has completely revamped its Shadow Gaming tournament schedule. Currently,
Shadow Gaming, Sports Venue’s subsidiary company, had planned on just two more
gaming tournaments between now and the beginning of August 2020. Things have drastically
changed for the better!
Read this news featuring BTHR in full at https://www.investorideas.com/news/2020/sports/06171OTCBTHR-ShadowGaming.asp
The Current schedule simply wasn’t sufficient
enough to catapult Shadow Gaming into a preeminent global leader in the eSports
market. Management has invested hundreds of hours and is excited to announce it
will hold 6-tournaments in July, 12-tournaments in August, 18-tournaments in
September, 24-tournaments in October and by April 2021 the company will be
holding 60-tournaments monthly. In addition to an aggressive push to increase
the number of tournaments the Company will immediately switch from a free based
platform for the gamers to a membership based platform. Initially each gamer
will be required to pay a $25.00 monthly fee. As the tournament schedule
increases so will the membership gamers will be required to pay.
The Company is expecting revenues to begin
immediately and by the time we reach the peak of 60-tournaments per month
revenues are expected to be $8 million plus range with gross margins being around
68%. Revenues will come from gamer’s membership fees, advertising, ambassador
program, studios and our own gaming platform. Luis Arce, president of Shadow
Gaming said, "In the
next few weeks, Shadow Gaming is democratizing our eSports tournaments which allows
for all gaming leagues and tournament organizers that want to create their own
event can do so under Shadow Gaming’s sponsorship. This business model will
allow these volunteers to actually monetize their efforts and gain status and
recognition in the gaming community. We are excited to announce this change in
our business model as our shareholders will realize a much quicker ROI than
they would have under our previous model. This new model will expedite revenues
and provide an amazing gross margin.”
About BTHR
Sports Venues of Florida, Inc., is a developmental stage company
engaged in the business of eSports, and the development of youth sports and
family entertainment complexes. The Company, through its wholly owned
subsidiary, Shadow Gaming, Inc., has aggressively entered the eSports market.
The Company has placed on hold its plans to build sports complexes ranging from
80-acres to 300-acres that will include both outdoor and indoor athletic
competitions. In addition, the Company plans on operating a number of
subsidiary companies from high tech data management businesses to product and
support businesses.
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respect to the future earnings and performance or capital structure of Sports
Venues of Florida, Inc.
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