The Agreement states that 1st11 will acquire an initial 5% equity stake in Final Level. As consideration, Final Level will obtain the right to acquire
1st11 will fully support Final Level with unique interactive challenges, underpinned by its consumer facing gaming assets as well as sharing access to their proprietary technology and influencer platform. Within 1st11’s Creator Network there are over 500 professional athletes who are already signed, offering star-studded talent a seamless and easy way to engage in gaming content fully supported by our advanced influencer analytics, consumer data and reporting capabilities.
About Final Level
Final Level´s entertainment platform reaches 500 million views per month on YouTube and are amongst the largest collective content creators on the market today across their various social media platforms.
Final Level has consolidated itself to become the best branded content partner to enter the world of video game entertainment. Final Level’s brand partners include OI, the third largest telecommunication company in
Since its foundation in August of 2018, Final Level has grown to be the “Largest Gamer Entertainment Platform in
Co-Founder and CEO of Final Level, Fernanda Lobão, commented: “We are delighted to have a partner and investor of the size of 1st11 with their all-encompassing gamer platform and mobile influencer technology. They will deliver a wider dimension to the Final Level offering which will only benefit both companies. Final Level’s hub has amassed a phenomenal community with almost ‘Half A Billion Views A Month’ across all our assets. As we continue to expand our horizons, we see 1st11 as the perfect partner to engage with our community as this alliance provides sharing of technologies and strategy with each partner offering complimentary elements that will serve to provide our subscribers new and fun gaming experiences. 1st11’s unique approach to creative content adds a wide-range of business opportunities for both parties. With 1st11 as a shareholder, we now have a strong partner with an established team operating in
Final Level's disruptive content production model also caught the attention of YouTube itself, which recommends the channel for brands that want to communicate with gaming fans. Final Level is the largest gaming entertainment platform in
The Final Level has strong partners including
About
Planet is an investment issuer listed on the TSXV, that is focused on investing in disruptive companies and industries that have high growth potential. Planet’s unique portfolio driven investment policies provide its investors with access to emerging and high-growth opportunities while shielding them from any formidable downside.
For more information, please visit Planet’s website: https://planetventuresinc.com/
ON BEHALF OF THE BOARD
“Zula Kropivnitski”
Zula Kropivnitski
Chief Financial Officer and Director
INVESTOR RELATIONS CONTACT
Tel: (604) 681-0084
Email: info@planetventuresinc.com
Peter@1st11.co
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Forward-Looking Statements
Certain statements in this press release are "forward-looking statements" which reflect the Company's current expectations and projections about future events and financial trends that it believes might affect its financial condition, results of operations, business strategy and financial needs. In some cases, these forward-looking statements can be identified by words or phrases such as "may", "might", "will", "expect", "anticipate", "estimate", "intend", "plan", "indicate", "seek", "believe", "estimates", "predicts" or "likely", or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Whether actual results, performance or achievements will conform to the Company's expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including without limitation, those risks and uncertainties discussed elsewhere on the website at www.planetventuresinc.com and in the Company's filings on SEDAR. Investors should not place undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
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