IZETEX PTE LTD, SINGAPOREAN BASED BLOCKCHAIN DEVELOPERS; CLOSE TO FINALISING A DEAL TO ACQUIRE A STRATEGIC STAKE IN THE US LISTED COMPANY, US VR GLOBAL.COM INC. - Reuters

 

IZETEX PTE LTD, SINGAPOREAN BASED BLOCKCHAIN DEVELOPERS; CLOSE TO FINALISING A DEAL TO ACQUIRE A STRATEGIC STAKE IN THE US LISTED COMPANY, US VR GLOBAL.COM INC.

IZETEX PTE LTD, SINGAPOREAN BASED BLOCKCHAIN DEVELOPERS; CLOSE TO FINALISING A DEAL TO ACQUIRE A STRATEGIC STAKE IN THE US LISTED COMPANY, US VR GLOBAL.COM INC.

Sat Mar 24, 2018 - 02:30am UTC

KUALA LUMPUR, MALAYSIA – March 23, 2018

Izetex’s President, Alexey Zagainov and Nikita Kuptsov, Director of Communications, recently met with Executive Chairman, Ramelle Ashram Ramli and the senior management of US VR Global.com Inc., to commence discussions for the acquisition of a strategic stake in the fast growing location based entertainment (LBE) VR pioneer’s business.

“With US VR’s strong operational focus in the lucrative South East Asian and Chinese markets, we see this as an important tactical investment to gain ingress in to the world’s fastest growing middle class” says, Kuptsov.

The meeting between the two companies was arranged by Amanah Capital Group Limited (ACGL) the recently appointed Financial Advisers to Izetex.

“The synergies between these two dynamic companies was apparent to us from the onset” commented Abas A Jalil, CEO of Amanah Capital. “We are tremendously excited about the potential for their collaboration in the near future” he added.

Izetex, who are about to commence a major ICO roadshow throughout the Asian region, and USVR, owners of the Hero Central Brand and Global Pioneers in VR based LBE centres, are also exploring the adoption and integration of the IZX coin, (cryptocurrency) as part of the Hero Central Park Digital Platform, to be rolled out in all Hero Central Parks on a global basis.

Ramelle commented, “Izetex have an amazing Blockchain platform which very much aligns with our own Digital Platform and this synergy creates a very compelling case for its integration.”

According to sources familiar with the matter, discussions are advancing quickly, and it appears they are on track to conclude negotiations in early April.

About Izetex Pte Ltd:
Izetex are a Singaporean based Blockchain company and owner/developer of the IZX Coin. They are currently in the process of completing their ICO and have a unique gamification aspect which differentiates their technology and platform from other Crypto offerings. Building an open platform and fully embracing the Gaming Community, they are poised to redefine consumer behaviour towards Crypto Adoption.

About USVR Global.com Inc:
US VR Global.com Inc. are a US Public listed company who are pioneering the development of AR and VR and technology based LBE centres under the Hero Central Brand worldwide. USVR have developed a unique Digital Platform and Park Operating system which greatly enhances the operational efficacies of their business and allows deep granular control of the user experience. USVR are on track to become the largest owner/operator of AR VR Theme Parks Globally as they expand their presence throughout S.E.A, Macau, China, Korea and the United States.

Contact Information:

Name: Chris Teng
Organization: Webist Solutions Sdn Bhd
Website: webist.com.my
Phone Number: 0165574650
Email: chris@webist.com.my
Address: B-1-3A, Kuchai Exchange, Jalan Kuchai Maju 13, Off Jalan Kuchai Lama, 58200 Kuala Lumpur.

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