Title: YDX Innovation Signs Third Arkave VR Arena in the U.S.
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YDX Innovation Signs Third Arkave VR Arena in the U.S.
Tickers: XTSX:YDX, PINX:YDRMF, FRAA:A2AP0L
Tags: Business, Technology
VANCOUVER, B.C. / TheNewswire / February 12th, 2019 - YDX Innovation Corp. (TSX-V: YDX) ("YDX" or the "Company") a leading designer and developer of augmented and virtual reality experiences, today announced that the third U.S. installation of its Arkave VR platform will be at Launch Trampoline Park in Methuen, Massachusetts.
"Launch Methuen" is located close to Boston, and was one of the first and largest Launch franchises to open in the U.S. The installation will be completed before the end of February. The positive feedback from users and the owner of Launch Doral helped advance the deal with the now third facility in the U.S. to install an Arkave VR Arena.
Arkave VR Arena was created by YDX Innovation Corp.to be a premium Virtual Reality option for thousands of Family Entertainment Centers (FECs) that are looking for an affordable and highly immersive Virtual Reality solution. In November, the Company officially launched the product at IAAPA the world's largest event for FECs and Theme Parks.
In December, the Company opened its first Arkave VR Arena in the U.S. at Andretti Indoor Karting, located in Marietta, Georgia. In early January, the second Arkave VR Arena was installed at the Launch Trampoline Park in Doral, Florida.
Launch Trampoline Park is a franchise business that is rapidly expanding in the U.S. with 21 locations open in 14 States with another 20 locations announced for 2019 increasing the presence to 24 States.
"We are thrilled to be signing a second Launch facility so quickly after installing Launch Doral. The franchise owners are serious entrepreneurs and are always looking for new and innovative experiences that will enhance the entertainment they offer their customers. We feel that Arkave VR, already one of the best free roam VR platforms in the world, is now starting to gain traction and momentum in the Family Entertainment Centre world and we're incredibly excited about our roll-out plans for 2019." - stated Daniel Japiassu - CEO of YDX Innovation Corp.
About Launch Trampoline Parks
Launch Trampoline Parks is a part of one of the fastest-growing family recreation trends. The trend started almost a decade ago with only a handful of trampoline parks and has grown with industry revenues at approximately $680 million according to the industry association.
Each Launch Trampoline Park is a year-round destination-entertainment and recreation center of connected trampolines forming giant jumping surfaces. Our parks also feature the popular Dodgeball Courts, Slam Dunk Basketball, Foam Pits, and Kid's Courts. The arcade and Launch Cafe provide guests with more services while providing additional revenue streams to owners. This makes Launch the perfect social gathering place for date night, birthday parties, family events, corporate events, church outings, fundraisers or just friendly get-togethers in a safe and enjoyable environment.
About YDx Innovation
YDX Innovation Corp. (TSXV- YDX :: www.ydxinnovation.com ) is a technology company that develops products and services and is an expert in immersive technologies like Augmented and Virtual Reality, eSports events and Interactive Exhibitions.
Currently three companies are part of the YDX Family:
Arkave VR Arena - www.arkavevr.com - a gaming platform that brings the most immersive Virtual Reality experience to Location Based venues with a highly scalable business model.
Arkave VR has a flagship store in Brazil, two Arenas in the United States, a flagship store being built in Canada and is being sold through a network of distributors that will focus on the thousands of Family Entertainment Centre's throughout North America, in constant search for innovative attractions.
YDreams Global - www.ydreamsglobal.com - have developed over 1,300 interactive experiences for clients all over the world such as Disney, NBA, Adidas, Cisco, Nokia, Nike, Mercedes Benz, Coca-Cola, Santander, AmBev, Qualcomm, Unilever, City of Rio and Fiat.
YDreams Global has generated over 24 Million CAD in Revenues in past 7 Years.
Game On Festival - www.gameonfestival.com - is a new event under development by the Company that combines eSports Tournaments with a large Interactive Exhibition about the videogame industry and its history.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This communication contains "forward-looking statements" within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact herein, including, without limitation, statements regarding our current and future plans and objectives, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and future events and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations as well as a list of risk factors that we deem relevant are disclosed in the documents we file from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound. Forward-looking statements are based on our current assumptions, estimates and opinions and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. We do not undertake any obligation to update forward-looking statements should our assumptions, estimates or opinions change, other than as required by law and readers are advised not to place undue reliance on forward-looking statements.
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
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