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AppYea Accelerates Strategic Transformation: Internal Management Review as to Uplisting to a National Exchange, Rebranding to Mellatrix, Closing and Completion of Techlott Integration -- Including Evaluation of Entry Into the Prediction Markets Sector
Prnewswire· 2025-11-18 15:07
Core Insights - AppYea, Inc. is accelerating its internal management review for a potential uplisting to a U.S. national securities exchange, specifically Nasdaq or NYSE American, pending compliance with listing requirements [1][3] - The company is undergoing a rebranding process to become Mellatrix Inc., which will include updating its ticker symbol and CUSIP number after regulatory approvals [1][5] - The integration of Techlott, a blockchain infrastructure for real-time result verification, is a key component of the company's forward strategy [2][8] Corporate Developments - The company is making significant progress in closing the Techlott transaction by the end of the year [2] - Techlott's architecture aims to enhance transparency and verifiable integrity in critical outcome-driven industries [4][7] - The company is aligning its internal corporate and accounting practices with the eligibility criteria for Nasdaq and NYSE American, focusing on governance, internal controls, and financial reporting [5] Technology and Market Strategy - The company is evaluating the potential expansion into the prediction markets sector, ensuring compliance with regulatory considerations [4][6] - A network-level token for the Techlott infrastructure is being explored for system-level functions, although no token or security is currently being offered [5][6] - The development roadmap for Techlott includes support for diverse game types and regulated prediction frameworks expected by Q4 2025 [5] Management Commentary - The CEO of Mellatrix emphasized the importance of Techlott in providing transparency and verification in outcome-driven industries [7] - The Chairman of the Board highlighted the strategic phase the company is entering, focusing on technology infrastructure and regulatory alignment for long-term growth [7]
Appyea, Inc. (OTCQB: APYP) Unveils Techlott--a Blockchain Engine for End-to-End Transparency in Gaming; Announces Strategic Entry into Prediction Markets and Releases Full September 16, 2025 Conference Transcript
Prnewswire· 2025-10-15 16:55
Core Insights - Appyea, Inc. has introduced Techlott, a blockchain engine aimed at enhancing trust, transparency, and real-time outcome verification in the gaming industry [1][11] - The company is strategically entering the prediction markets segment, focusing on B2G/B2B deployments for governments and regulated operators [1][5] Company Strategy - Appyea's CEO, Yakir Abadi, highlighted the goal for APYP to become the preferred infrastructure layer for gaming, including prediction markets, with outcomes recorded on-chain in real-time [4][11] - The Techlott infrastructure is designed to provide verifiable, audit-ready results essential for regulated prediction venues [5][6] Technology and Compliance - Techlott will record every outcome as a transparent, verifiable, and tamper-resistant on-chain artifact, ensuring compliance with KYC/AML regulations [5][6] - The platform aims to simplify reconciliations and reduce disputes through a complete on-chain audit trail [6] Token and Market Positioning - The company is evaluating the issuance of a dedicated Techlott network token, which may serve various functions within the network [7][8] - Appyea is preparing for a potential ICO, emphasizing regulatory compliance and robust governance [8][10] Future Plans - The company is assessing a pathway for uplisting to Nasdaq, subject to meeting applicable standards and approvals [9][10] - Appyea aims to create a durable economic loop around verification and audit, benefiting the Techlott ecosystem and the broader industry [8]