TORONTO, ONTARIO — Feb. 29, 2016 – Imperus Technologies Corp. (“Imperus” or the “Company“) (TSX VENTURE:LAB, FRANKFURT:ISX, FRANKFURT WKN:A12B58) is pleased to announce that Akamon, its Latin American and European focused division, has reached a milestone of 25,000 cumulative paying users through its partnership with UOL, a leading Brazilian Telecommunication and DSL provider. In this agreement, UOL DSL subscribers can opt-in for a package deal that includes a subscription to a localized white-label version of Akamon’s games.
Vicenc Marti, President of Imperus, commented: “Acquiring 25,000 paying users in the first eight months of our partnership is a significant milestone in our collaboration with our main Brazilian partner. Given the early stages of our partnership and the size of the UOL subscriber base – over four million customers – we believe we have only scratched the surface of the partnership’s potential.”
“Our rapid growth through the UOL partnership underscores the strength of our broader partner channel strategy in Latin America and Europe. Akamon’s other main Telco partner, Orange, has seen revenues grow by more than US$530,000 in 2015, an increase of 45% from 2014. We believe there is further room for growth in mobile. Additionally, given the success of the Orange partnership to date, Orange has now expanded the relationship to their Latin American brand, Starmedia” remarked Oscar Fonrodona, Akamon’s MD.
Imperus is pursuing additional white label distribution agreements following Akamon’s successful growth of its white label business, which currently drives 25% of Akamon’s revenue from more than 45 white label partners.
Imperus Technologies Corp., the parent company of Diwip and Akamon, is a developer of social and mobile gaming for PC, Mac, iOS and Android platforms. Diwip and Akamon design, develop and distribute their top ranked social casino-themed games within online social networks (such as Facebook) and mobile platforms (such as Android and iPhone). All of the Diwip and Akamon games are free to play and generate revenue primarily through the in-game sale of virtual coins.
Investor Relations, Pinnacle Capital Markets Ltd.
Caution Regarding Forward-Looking Information:
Certain statements in this press release may constitute “forward looking information” which involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking information. When used in this press release, such forward looking information may use such words as ‘‘may”, ‘‘will”, ‘‘expect”, ‘‘believe”, ‘‘plan” and other similar terminology. Forward looking information includes, but is not limited to, statements regarding the issuance of shares related to the Akamon acquisition and the issuance of stock options. Forward-looking information is provided for the purpose of presenting information about management’s current expectations relating to the future events and the operating performance of the company, and readers are cautioned that such information may not be appropriate for other purposes. The forward looking statements involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, the ability of the company to finance the Acquisition, regulatory requirements, general economic, market or business conditions and future developments in the sectors of the economy in which the business of Imperus or the Acquisition target operates. The foregoing list of factors is not exhaustive. Please see the Company’s short form prospectus dated March 27, 2015, the Company’s Annual Information Form dated November 11, 2015 and other documents available on www.sedar.com, for a more detailed description of the risk factors. The Company undertakes no obligation to update publicly or revise any forward looking information, whether a result of new information, future results or otherwise, except as required by law.
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