Elys Game Technology Becomes NASDAQ’s First Dual-Listing Technology Company on NEO Exchange
TORONTO AND NEW YORK – (COMMERCIAL THREAD) – Elys Game Technology, Corp. (“Elys” or the “Company”) (Nasdaq: ELYS) (NEO: ELYS), an interactive gaming and sports betting technology company, today announced that it has started trading on the NEO Exchange under the acronym “ELYS”.
Already listed on the NASDAQ Capital Market since December 27, 2019 and also traded under the symbol “ELYS”, today’s launch marks the first dual listing of a technology company listed on the NASDAQ Capital Market on the NEO Exchange.
With a market capitalization of approximately $ 109.6 million, Elys released its financial results for the third quarter, ended September 30, 2020, showing a 43.6% increase in year-over-year revenue thanks to steady growth in its turnover in online games. The company also exceeded its target of reaching 100,000 online gaming accounts by the end of 2020, indicating strong performance across their online and mobile channels.
“Our listing on the NEO Exchange is a milestone on many levels for Elys, particularly as we build on our initial strategy of going to market in the rapidly growing US market and expand our presence in the Canadian market,” said the president of Elys. and CEO, Michele Ciavarella. “Newly proposed legislation in Canada would legalize single-event sports betting and increase the C $ 80 billion wagered on sports each year in Canada. We believe we are extremely well positioned to capitalize on this growing market and believe this listing will provide us with greater visibility with Canadian investors as we work to implement our strategy across North America.
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Investors in Canada can trade shares of NEO: ELYS through their usual investment channels, including discount brokerage platforms and full-service brokers.
About Elys Game Technology, Corp.
Elys Game Technology, Corp. is a global B2B gaming technology company operating in multiple countries around the world, with B2C online and land-based gaming operations in Italy. In Italy, Elys offers its customers a full range of leisure gaming products and services, such as sports betting, electronic sports, virtual sports, online casino, poker, bingo, interactive games and games. slot machines. The Company’s innovative betting solution serves online operators, casinos, retail betting establishments and franchise distribution networks.
The Company has met the product regulatory requirements to begin its B2B business in the United States. Additional information is available on our corporate website at www.elysgame.com.
About NEO Exchange
The NEO Exchange is a scalable exchange that brings together investors and fundraisers in a fair, efficient and service-oriented environment. Fully operational since June 2015, the NEO exchange gives priority to investors and gives access to trading of all securities listed in Canada on an equal footing. The NEO Exchange lists leading companies and investment products seeking an exchange that provides investors with confidence, quality liquidity and broad awareness, including seamless access. hinders market data.
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 “may”, “believe”, “anticipate”, “” have l ‘intention to’, ‘estimate’, ‘expect’, ‘may’, ‘continue’, ‘anticipate’, ‘potential’, ‘plan’ and similar expressions which are intended to identify forward-looking statements and include statements regarding the effect of the bill in Canada to legalize single-event sports betting, the Company being extremely well positioned to capitalize on this growing market and the NEO Exchange listing giving the Company greater visibility among Canadian investors. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict and which could cause results to be achieved. actuals differ materially from current expectations and assumptions from those stated or implied by forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the ability of recently proposed legislation in Canada to legalize single event sports betting to become law, the ability of the Company to execute its strategy to take advantage of this growing market, with the NEO Exchange listing giving the company greater exposure to Canadian investors, the duration and extent of the COVID-19 epidemic around the world, including the impact on national and local economies, and the risk factors described in the company’s annual report on Form 10-K for the year ended December 31, 2019, and its subsequent filings with the United States Securities and Exchange Commission. United States, including subsequent periodic reports on Form 10-Q and current reports on Form 8-K. The information in this press release is provided only as of the date of this press release, and the Company assumes no obligation to publicly update or revise 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 unforeseen events, except as required by law.
The NEO Exchange has neither approved nor disapproved the contents of this press release and accepts no responsibility for the adequacy or accuracy of the contents thereof.