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SEGG Media Updates 90-Day Plan, Targets February and March Acquisition Closings
Globenewswire· 2026-01-30 19:46
Core Viewpoint - Sports Entertainment Gaming Global Corporation (SEGG Media) is focused on completing key acquisitions and strengthening its operations as part of a 90-day execution plan, with significant transactions expected to close in Q1 2026 [1][2][3]. Acquisition Plans - SEGG Media plans to acquire a controlling interest in Veloce Esports Limited in February 2026, subject to customary closing conditions [2]. - The acquisition of Nook Holdings, Limited is expected to be completed in March 2026, further enhancing the company's portfolio of cash-generative assets [2][11]. - The acquisition of controlling interest in Ant Media & Productions is also included in the 90-day plan, with closure projected before the end of March 2026 [2][11]. Strategic Focus - The transactions are central to the company's strategy of converting initiatives into revenue-generating operations, reflecting management's commitment to operational accountability [3][4]. - The company has narrowed its focus to a defined set of transactions and operational objectives, emphasizing clear timelines and accountability [4][6]. Financial Oversight - The company aims to complete announced transactions, integrate them responsibly, and maintain financial discipline to restore credibility and build sustainable shareholder value [6][7]. - SEGG Media has exited two potentially dilutive funding arrangements in favor of more favorable commercial terms, indicating a strategic shift towards cash-generative opportunities [7]. Operational Improvements - The company is implementing general operational improvements, including a new accounting system and enhanced financial controls, to align with public company standards [11]. - SEGG Media is also targeting international operations, starting with Mexico, to support existing infrastructure and measured expansion [11]. Future Updates - Additional updates will be provided as material milestones within the 90-day plan are achieved, indicating ongoing communication with stakeholders [8].
Media Press Conference for the 2025 CIFTIS Sports Service Sector Exhibition Held in Beijing
Globenewswire· 2025-09-01 10:36
Core Insights - The 2025 CIFTIS Sports Service Sector Exhibition will take place from September 10 to 14 at Shougang Park, covering 7,650 square meters, with a theme focused on internationalization and market orientation [1][2] Group 1: Exhibition Details - The exhibition aims to achieve breakthroughs in key areas such as sports technology, new business models, and innovative achievements [1] - It will showcase advancements across four dimensions: sports resource aggregation, technological empowerment, industry integration and innovation, and global service collaboration [1] Group 2: Key Areas of Focus - The sports services sector emphasizes five key areas: technological sports services, international expansion, global sports exchanges, integration with industry and academia, and promotion of sporting events [2] - Multiple conferences and forums will be held to share cutting-edge perspectives in the sports industry [2] Group 3: Public Engagement - A public open day will occur from September 13 to 14, featuring over fifty events including e-sports racing, FIBA basketball competitions, and interactive demonstrations of sports technology [2]