AMPD Ventures (AMPD.CN), is a Canadian company providing cutting-edge performance computing solutions for video game development, esports, film and entertainment, AI, and big data.
Today, the Company announced that its subsidiary, Departure Lounge Inc., has signed a Memorandum of Understanding (MOU) with Marinas Guardian, a UK based not-for-profit organization founded to focus on protecting our crucially important marine environment.
Marinas Guardian is a UK-based not-for-profit organization founded in 2021 to focus on the crucially important work of protecting and preserving our marine environment, primarily by supporting the ongoing expansion of Marine Protected Areas around the world. The organization combines top-flight advisory and strategic expertise with technology and an educational platform that will help change how we monitor, protect, clean, and educate the world about our precious ocean.
Under the terms of the MOU, Departure Lounge is expected to develop a range of digital initiatives to educate, inform, and increase awareness of the challenges facing the Ocean and help people understand the role they can play to help save it, while also driving awareness of Marinas Guardian’s vitally important mission and mandate.
Departure Lounge partner, TwinV Ltd., a UK-based creative solutions company that provides tailored content and consulting for linear production and live events, is also party to the agreement.
“One of the key pillars of the Marinas Guardian organization is a commitment to ‘educating now for future generations’ so that everyone, and young people in particular, become more aware of how important a clean, thriving Ocean is to the survival of our planet,” said Jason Peers, Founder and Managing Director of Marinas Guardian. “We know that digital channels must play a major role in helping Marinas Guardian educate and inform current and future generations about our mission and mandate. We are excited to be working with the Departure Lounge team as they bring the necessary expertise across all forms of cross-media development to our organization.”
Departure Lounge will utilize its digital media production technologies and creative expertise to expand the reach and engagement of real-world activities and festivals, as well as produce a coordinated series of digital-only projects, designed to reach and engage children through to adults; the initial projects include a Roblox-based educational game centre aimed at 7-to 14-year-olds, and mobile and web games aimed at a broader global audience aged twelve and up.
“Being selected as the lead digital initiatives partner by Marinas Guardian is both exciting and gratifying,” said James Hursthouse, CEO & Founder at Departure Lounge Inc. and CEO at Departure Lounge parent, AMPD Ventures Inc. “I am pleased that Marinas Guardian has recognized how the technologies and creative services that we offer at Departure Lounge can be utilized across a range of coordinated next-generation digital channels and we look forward to working together over the next few years. Our team brings a huge amount of experience in game development, immersive training, and educational platform development. We are excited to combine this expertise with our cutting-edge, sustainable media production technologies and creative services in the pursuit of helping Marinas Guardian educate millions of people around the world about the importance of Ocean preservation and support Marinas Guardian in its crucially vital mission.”
Work is expected to commence in Q2 2023, with Departure Lounge bringing its full range of content development, production technologies, creative services expertise, and partner network to the projects.
This news comes after AMPD launched a new website, and is undergoing a restructuring to reduce monthly expenses and drive cashflow by Summer 2023.
The trendline failed to break when AMPD was testing it in early March 2023. I told readers that this would be a bullish trigger if accomplished.
However, the stock broke down on the layoff and restructuring news breaking below $0.10 and slicing through previous all time lows at $0.075 printing new all time record lows at $0.03. The stock has attempted to fill the gap, but selling pressure is coming near the gap highs and resistance at $0.075. From a technical perspective, AMPD gets bullish once a close above this gap and $0.075 is achieved. If not, selling pressure can continue, perhaps the stock then consolidating in a range here.
