REG - Blue Star Capital - Dynasty Investment Update

Blue Star CapitalAnnouncement

31/10/2022 08:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221031:nRSe5588Ea&default-theme=true

RNS Number : 5588E  Blue Star Capital plc  28 October 2022

31 October 2022

Blue Star Capital plc

 

("Blue Star" or the "Company")

 

Dynasty Investment Update

 

Blue Star Capital plc (AIM: BLU), the investing company with a focus on
esports, payments, technology and its applications within media and gaming,
provides an update in respect of its investee company, Dynasty Gaming &
Media Pte Ltd ("Dynasty").

 

Dynasty, a leading white label, B2B gaming ecosystem provider, has today
announced that it has signed a distribution agreement with Indosat Ooredoo
Hutchison ("IOH"), Southeast Asia's second largest telecommunications company,
with almost 100 million subscribers in Indonesia. This agreement will see
Dynasty deliver Web3 Play to Earn ("P2E") games, developed by Pioneer, to IOH
which IOH will actively promote to their extensive subscriber base.

 

On 13 October 2022, Pioneer Media Holdings Inc. (NEO:JEPG; AQSE:PNER)
("Pioneer") announced it had entered into a game publishing agreement with
Dynasty. Under the publishing agreement, Pioneer has granted Dynasty an
exclusive license to publish, market, promote and distribute its portfolio of
games to its partners throughout southeast Asia, India, and Australia. Pioneer
has announced it has a robust pipeline of games across multiple genres ready
for launch in the next six to twelve months.

 

Indonesia is Southeast Asia's leading gaming market, with over 200 million
gamers generating nearly US$2 billion in annual gaming revenues. The first P2E
title, which has been localised for the Indonesian gaming market, is due to
launch within three months and additional titles are planned to be released
throughout 2023.

 

Dynasty expects similar agreements to be signed and announced during the next
two quarters, with several other markets launching Pioneer's P2E tittles
within 2023, under Dynasty and Pioneer's recently signed publishing agreement.

 

Tony Fabrizi, CEO of Blue Star Capital said that: "This significant new
contract, with one of Southeast Asia's largest telcos, is further testimony to
the continued progress of Dynasty as it expands its gaming ecosystem to
deliver Web3 Play to Earn games.  We anticipate further announcements later
this year as Dynasty's extensive and growing network provides an attractive
route for large corporations looking to move seamlessly into gaming."

 

The information contained within this announcement is deemed by the Company to
constitute inside information stipulated under the Market Abuse Regulation
(EU) No. 596/2014, as retained as part of the law of England and Wales.

 

For more information please contact:

 Blue Star Capital plc                    +44 (0) 777 178 2434
 Tony Fabrizi, Executive Chairman

 Cairn Financial Advisers LLP, (Nomad)    +44 20 7213 0880
 Jo Turner / Liam Murray

 Vox Markets Ltd (IR)
 Kat Perez                                Voxmarkets.co.uk/listings/LON/BLU

 

 

About Blue Star

Blue Star is an investing company with a focus on new technologies. Blue
Star's investments include SatoshiPay Limited, a payments business using
blockchain technology; 8 early-stage to mid-level esports companies, including
Guild eSports plc, a global esports business headquartered in London whose
lead investor is David Beckham and Dynasty Gaming & Media Pte. Ltd., whose
B2B white label platform is a full-stack gaming ecosystem; East Side Games
Group Inc., a mobile leading free-to-play mobile games group; NFT Investments
plc, a company that engages, partners, incubates and develops non-fungible
tokens; and Sthaler Limited, an identity and payments technology business
which enables a consumer to identify themselves and pay using just their
finger.

 

About Dynasty Gaming & Media

Dynasty has signed significant commercial contracts with national telcos and
large media organisations and has established strategic partnerships with the
world's biggest publishers and leading gaming industry players. This network
provides our partners with a valuable mass-market distribution opportunity
that will deliver a highly engaged audience of hundreds of millions of
potential customers across many of the world's key gaming markets.

 

Forward looking statement disclaimer

 

Certain statements made in this announcement are forward-looking statements.
These forward-looking statements are not historical facts but rather are based
on the Company's current expectations, estimates, and projections about its
industry; its beliefs; and assumptions. Words such as 'anticipates,'
'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar
expressions are intended to identify forward-looking statements. These
statements are not guarantees of future performance and are subject to known
and unknown risks, uncertainties, and other factors, some of which are beyond
the Company's control, are difficult to predict, and could cause actual
results to differ materially from those expressed or forecasted in the
forward-looking statements. The Company cautions shareholders and prospective
shareholder holders not to place undue reliance on these forward-looking
statements, which reflect the view of the Company only as of the date of this
announcement. The forward-looking statements made in this announcement relate
only to events as of the date on which the statements are made. The Company
will not undertake any obligation to release publicly any revisions or updates
to these forward-looking statements to reflect events, circumstances, or
unanticipated events occurring after the date of this announcement except as
required by law or by any appropriate regulatory authority.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCBKFBBABDDQKB