ADVENTURE BOX NEWSLETTER 2020-09-04
Dear Adventure Box followers,
We are very happy to have so many positive news to share with you. A lot has happened since our last newsletter on June 24. Then we had just launched video ads and started testing a more social user interface. We see that social services like YouTube and TikTok are growing much faster than non-social services like Spotify and give high priority to social features.
On the page https://corp.adventurebox.com/se/press you can follow our press releases. During the summer, we have communicated that we have introduced a trading place for gaming content. Our users can now create not only their own games but also the building blocks with which the games are created. The latter they can trade with, sell and buy from each other. On our platform, you buy with our platform currency, Adventure BUX. Adventure BUX are bought with a credit card or PayPal. You can also get Adventure BUX as a reward when you do good things.
We let selected users exchange their Adventure BUX for regular currency. This week we were able to share that some young people are already earning over $ 100. For example, Archibald in Nigeria who is only 11 years old.
Related press releases:
We have an exciting collaboration with our competitor KOGAMA. KOGAMA does not have its own technology and is based on the game engine UNITY. This has become expensive for them and they have not found a path forward. The result of a longer discussion with KOGAMA is now that their CEO, very knowledgeable Michal Bentsen, works part time for us. His task is to lift over users from KOGAMA to Adventure Box and to engage some of them in reference user groups with us at Adventure Box. This will be done with competitions on KOGAMA's page, with youtube videos and posts on KOGAMA's blog etc.
Having an economically efficient scalable platform is a prerequisite to become the globally leading sharing platform for consumer-created computer games. In addition to having the technology, we also have a patent that protects the most important inventions linked to this.
We have released our quarterly report for Q2. Nearly SEK 10 million left. An additional SEK 3 million in loans from ALMI. Net cash flow before financial items SEK -4.4 million. Booked income of SEK 50 thousand. Note that we only book advertising revenue when the money is in the bank, this as Google is slow to pay out.
The Swedish shareholder organization ("Aktiespararna") have released their analysis of our stock (short code ADVBOX traded at Nasdaq First North). See https://www.aktiespararna.se/analysguiden/nyheter/analysguiden-i-startgroparna-starkt-intaktsfokus
On Monday, Carlsquare will distribute their analysis. Remember that you can follow our Facebook group here: https://www.facebook.com/groups/2502934713133755 We will publish the link to Carlsquare's analysis there on Monday.
Thanks for the interest. Happy weekend and happy autumn!
Sincerely,
Christopher Kingdon
CEO, board member and co-founder
FOR MORE INFORMATION CONTACT:
Christopher Kingdon, CEO Adventure Box, +46 (0)73 051 1414,
[email protected], corp.adventurebox.com
ABOUT ADVENTURE BOX TECHNOLOGY AB
Adventure Box makes it easy, and fun to make, share and play 3D games online. The company's world-leading streaming technology is patent protected. Founded in Stockholm 2014, the company also has staff in Paris, Seville, Malta and Kerala (India). Adventure Box is traded at Nasdaq First North Growth Market under the short name ADVBOX and ISIN code SE0012955276. Redeye AB with email [email protected] and phone number +46 8 121 576 90 is the company's Certified Adviser.
Om Adventure Box
Adventure Box, utvecklar och driver en sociala molnplattform för konsumentskapade dataspel, som gör det enkelt och roligt att skapa, dela och spela 3D spel online. Bolagets streamingteknologi är patentskyddad.
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