LottoGopher Holdings Reports Third Quarter 2017 Progress
Vancouver, British Columbia (Newsfile Corp. - November 30, 2017) - LottoGopher Holdings Inc. (CSE: LOTO) (OTCQB: LTTGF) (FSE: 2LG) ('LottoGopher' or the 'Company'), a lottery messenger service that allows users to easily order and manage their state lottery tickets online, today announced its operating and financial results for the three months ended September 30, 2017. These have been posted on Sedar.com.
Recent Highlights:Retains Former Lottery Executive, Melissa Riahei, as Independent External Advisor to Advise on US ExpansionAnnounces Non-Binding Letter of Intent for Customer DatabasePlans to Develop and Launch 'Lottery Blockchain'Announces William Shatner as the Company SpokespersonAnnounces Integration of Payment Processing Solution to Accept Bitcoin and Ethereum
The LottoGopher management team has been extremely busy on many fronts since the Company's listing on the Canadian Securities Exchange on May 23 of this year. James Morel, CEO and Director commented: 'We're concentrating on optimizing the website and the digital marketing campaigns, exploring the market for complementary acquisition and branding opportunities, and setting the stage to begin expansion next year. LottoGopher can deliver an important service for many Americans by bridging the gap of retail lottery and online lottery, taking away the hassle of ordering and checking a lottery ticket'.
Awareness of the brand is increasing as traction begins within the $80 billion dollar US lottery market. The brand is gaining headway throughout the state of California, and LottoGopher has established the platform as a trustworthy and legal provider of lottery services. James Morel: 'Going forward, the company will iterate on our advertising and promotion, optimize the acquisition strategy and focus on adding value for the customers we've attracted to the site.'
The Company had a successful quarter in terms of overall website traffic, active user statistics and trial user conversions. Press coverage included mainstream media outlets such as Forbes, Fox News Online, Boston Globe, Time-Money, ABC News, Heavy.com, TechDigg, NBC News, A List Daily, The Maven, Money for Life and more. The most impactful news in terms of the company's brand this Quarter was certainly the news of William Shatner becoming the company spokesperson: Mr. Shatner was announced on September 12 and this news paved the way to these major media outlets, while other service providers in the industry became aware of LottoGopher at this time as well. Subsequently, Mr. Shatner filmed commercials, recorded voice overs, attended photoshoots and conducted phone interviews on behalf of LottoGopher.
CPA: The Company continues to optimize the Customer Acquisition strategy and lower the Cost Per Acquisition (CPA). The total active user base at this time is approximately 3000 customers.
The Company will focus on finalizing the Customer Database Acquisition announced on November 20 to negotiate a binding and definitive deal with the Vendor. This customer base includes 177,000 depositing players and general leads, and while the vendor's business model is different when compared to LottoGopher's, there is a current revenue base coming from this database.
Blockchain: Another opportunity the Company is pursuing is the development of a lottery blockchain- this would be implemented for LottoGopher's own service and could also be licensed to other global lottery messenger services and to online lotteries in general.
One issue the industry faces in the online lottery business is trust- do I really own the ticket, is the ticket really there and legally mine? On November 13, it was announced that Jeff Koyen would be joining the team as a Strategic Advisor to guide the development of a blockchain initiative. LottoGopher plans to develop a blockchain technology that could potentially be white labeled for global online lottery services, enabling a generation of savvy internet users to feel more confidence in the process of ordering lottery tickets online.
Expansion: The Company is undertaking pre-legal due diligence now in a number of key states. California, a $6.3 billion dollar lottery market, is a large enough market, but LottoGopher wants to ensure that the legwork in establishing a trustworthy brand in this industry stretches across the US. The vision is to build this brand upon a solid foundation of today's best technology.
Business Model: 'I want to stress to our shareholders that our business has been built on compliance. No other company that I know of is operating within all of the state and federal laws. We comply with the Unlawful Internet Gaming Act, 18 USC 1301, and the Wire Act. It is not easy to thread the needle exactly as you need to in this business, but we have established a system for servicing this market within the legal boundaries of California, and we plan to grow through phased expansion across the US next year.'
LottoGopher is a lottery messenger service that allows users to easily order and manage their state lottery tickets online using a debit or credit card. By allowing individuals to choose their numbers and safely order tickets for the official lottery drawings in California, LottoGopher makes it simple for users to keep track of their tickets and winnings. With LottoGopher, individuals can either play alone with a single ticket or create and join online public and private groups to pool winnings from California lotteries, including Mega Millions, Powerball and SuperLotto Plus. LottoGopher offers memberships that allow California residents to order multiple tickets from various lotteries. LottoGopher also enables users to stay up to date on the latest drawings, track their tickets and collect winnings. Members have exclusive access to expert player strategies, jackpot alerts, lottery news, lucky number pickers and winners' financial resources.
On behalf of the Board of LottoGopher Holdings Inc.
'James Morel'President, CEO & Director
Investor InquiriesStephen Hart,Investor Relationsir@lottogopher.com917-658-7878
Media InquiresAmanda Kelley5W Public Relationslottogopher@5wpr.com212-584-4272
Corporate Office3807 Wilshire Blvd. Suite 705Los Angeles CA, USA90010
This new release contains statements and information that, to the extent that they are not historical fact, constitute 'forward-looking information' within the meaning of applicable securities legislation, including statements in respect of the Company's listing on the Canadian Securities Exchange. Forward-looking information may include financial and other projections, statements regarding expansion plans, as well as statements regarding future plans, objectives or economic performance, or the assumption underlying any of the foregoing. This prospectus uses words such as 'may', 'would', 'could', 'will', 'likely', 'except', 'anticipate', 'believe', 'intend', 'plan', 'forecast', 'project', 'estimate', 'outlook', and other similar expressions to identify forward-looking information. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking statement speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company's management to predict all of such factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The Company does not undertake any obligation to update any forward-looking information to reflect information, events, results, circumstances or otherwise after the date hereof or to reflect the occurrence of unanticipated events, except as required by law including securities laws.
The CSE has in no way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
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30.11.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: LottoGopher Holdings Inc.
Canada ISIN: CA54569L1031 End of News DGAP News Service