Newgioco Group Changes Name to Elys Game Technology
NEW YORK--(BUSINESS WIRE)-- Elys Game Technology, Corp. (formerly Newgioco Group, Inc.) (“Elys” or the “Company”) (Nasdaq:ELYS), an interactive gaming and sports betting technology company, is pleased to announce the Company has changed its name from Newgioco Group, Inc. to Elys Game Technology, Corp. The Company’s trading symbol will also change from NWGI to ELYS at the opening of the markets on November 10, 2020. There is no consolidation of the Company’s share capital in connection with the name change. As a result, shareholders are not required to exchange their existing share certificates for new certificates bearing the Company’s new name. The name change does not affect the Company’s share structure or the rights of the Company’s shareholders, and no further action is required by existing shareholders.
The new name, Elys, comes with a focused and energetic team, to be introduced over the following few days, to help unlock the global potential of the Company’s leading-edge gaming and betting software Elys Gameboard.
“Since inception in 1989 as Newgioco, the Company has built a robust B2B and B2C multichannel gaming business with over 130 land-based betting-shop, 1,200 webshops and thousands online players. The name Newgioco, which translates to Newgame, is a well-respected brand in the regulated Italian market and since 2016 has been a showcase to develop and prove our state-of-the-art gaming technology designed by our talented engineers,” stated Michele (Mike) Ciavarella, CEO of Elys Game Technology, Corp. “The Company’s Italian operations form a foundational pillar of strength for our business where we operate profitably. Elys leadership expects to continue to build on this experience in new markets as we grow forward.”
“With the Company shifting focus towards the large and rapidly developing U.S. sports betting market, the Company is leveraging its innovative Elys technology and extensive know to deliver a world class, end-to-end sports betting solution for gaming operators around the world,” continued Mr. Ciavarella.
About Elys Game Technology, Corp.
Elys Game Technology, Corp., is a B2B global gaming technology company operating in multiple countries worldwide, with B2C online and land-based gaming operations in Italy. In Italy, Elys offers its clients a full suite of leisure gaming products and services, such as sports betting, esports, virtual sports, online casino, poker, bingo, interactive games and slots.
The Company’s innovative wagering solution services online operators, casinos, retail betting establishments and franchise distribution networks. The Company has completed the product regulatory requirements to commence B2B operations in the United States. Additional information is available on our corporate website at www.elysgame.com.
Investors may also find us on Twitter @ELYS_gaming.
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 “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements and include statements regarding introducing over the following few days a focused and energetic team and unlocking the global potential of the Company’s leading-edge gaming and betting software Elys Gameboard. 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 that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, our ability to leverage our Elys technology and deliver a world class, end-to-end sports betting solution for gaming operators around the world , the duration and scope of the COVID-19 outbreak worldwide, including the impact to the state 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 U.S. Securities and Exchange Commission, including subsequent periodic reports on Form 10-Q and current reports on Form 8-K. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly 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 unanticipated events, except as required by law.
Elys Game Technology, Corp.
Michele Ciavarella, Chief Executive Officer
Source: Elys Game Technology, Corp.
Released November 10, 2020