WINIT365 – Trading Update and Notice of AGM

WINIT365 (“WINIT365”) the gaming software provider and developer of an online, multi- player multi-platform Mahjong game, is pleased to provide an update to shareholders on operational and corporate activities, along with the date for the years AGM.

Operational update
The last year has been an exciting period of transformation for WINIT365 as our team developed and brought to market the world’s first multi-player, multi-platform Mahjong game. The game has been through several months of code quality assessment, wallet integrations and language pack extensions and has undergone testing across 29 Bet Hards Affiliate programmes. The software is now live and transacting wagers and generating revenues via Beebet across many of Amelco’s top tier partner platforms. With access to over 4,000 landing sites through the The Beebet platform, we now have commitments with 250 affiliate partners with tens of thousands of transactions each day. This ongoing roll out to all of Beebet’s 250 affiliates with an unlimited wager size will continue to scale up from the current 35 Japanese focused affiliates  until the end of this calendar year when the full global launch event will take place on New Years eve with a co-ordinated Global marketing and sponsorship campaign through Amelco.
Note; WINIT365’s go to market partner Amelco is one of the largest online gaming and betting platforms in the world, and will provide us with access to its other top tier global gamers in the US, Europe and Far East Asia.

Corporate update
Given the operational progress outlined above, the Directors of WINIT365 believe that the company is well positioned to seek a listing in Q1 2023 on an appropriate UK market. The application process has commenced, with a Corporate Broker and Nominated Adviser advising WINIT365 on the listing . At this stage, the Director’s believe that WINIT365 has hit all the milestones to list with an appropriate UK market during Q1 2023.

CEO Philip Danielson commented, “I am pleased and proud to report exceptional progress for the WINIT 365 platform through what has been a transformational year for our company and our team. As the rollout to the initial 250 of Beebet’s affiliates ramps up, and value of pay-per-play games played continues to grow, we are now seeing the first revenues delivered into the business. The roll out across the Beebet and other top tier affiliate networks will accelerate as our listing date approaches and the number of global landing sites expands into the thousands.”

“We are excited by the Globally integrated launch on New Years Eve. All of Beebets 250 affiliates will be taking part in the launch activities and will be offering generous and compelling incentive and sponsorship plans”

“I look forward to providing further updates to the market as we target the multiple thousands of landing sites that the Amelco partnership gives us access to.”

AGM Announcement
The Directors are pleased to announce that this year’s AGM will be held at the offices of Fladgate LLP, 16 Great Queen St, London, WC2B 5DG on Tuesday January 31^st at 9.30am. The AGM notice and accounts will be posted to all shareholders on the register as at December 31 2022

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Notes to editors;

Mahjong is a traditional Asian table game which is still largely played physically between four players and is the national game in China. It is estimated that there are 700 million players worldwide, making it 5 times the size of the global poker market.  Mahjong has a long and venerable history with roots from the early Ming Dynasty and has continuously developed from its’ origins in Chinese dominoes in 1120 A.D. The current form of the game originated in the early 19^th Century and is considered to be the world’s largest gambling game. WINIT365 now offers the only HTML5 based Mahjong game available where players can play online for real money.

The primary market for WINIT365 is Asia given that Mahjong and its territorial variations are broadly played throughout the region (particularly in Eastern and SE Asia) and are now embedded in Asian culture. There is also considerable scope for growth across Western nations and in other parts of the world.

It is anticipated that WINIT365’s technical expertise and deep understanding of the market will provide a unique and exciting opportunity for the current and next generation of Mahjong players, added to which the WINIT365 UK payments wallet will provide a unique competitive advantage for a UK company in the Asian market.