HUNTINGTON, NY–(Marketwired – Apr 21, 2016) – SeanieMac International Ltd ( OTC PINK : BETS ) —
Getting current in our financial filings was just the first step in our plans for 2016.
In 2016 our goals are to:
1. Acquire 1-2 additional sports books (we completed our first acquisition in February 2016) subject to non-toxic funding.
2. Grow our annual run rate of revenues to a minimum of $50,000,000 organically and even higher through acquisition.
3. Launch on a new platform with sound economics and better autonomy.
4. Further develop our Bit Coin partnership which can reach millions more potential customers.
5. Achieve cash flow positive operations.
6. Clean up the balance sheet of the public Company.
7. Repurchase outstanding convertible notes.
8. Secure long term strategic financing for exponential growth.
The thought process behind our acquisition strategy is each acquisition we can identify can save hundreds of thousands of dollars of redundant costs and bring immediate benefits to the bottom line for both companies. We have identified and are actively soliciting additional opportunities in 2016.
Thanks in part to our acquisition, 2016 revenue are running 300-400 percent higher than 2015, and we expect that trend to accelerate once we launch our new platform. In the last 60 days we have done well over $3 million in revenue (turnover) compared to $5.7 million for all of 2015.
Our target date for the new platform is September 2016. We are on schedule and may be ready even sooner. Updates will be provided as we get closer to launch. We cannot announce the name of the partner until we are further along in the development process but we are confident the news will be well received by our investors, as our partner is one of the dominant and highest quality players in the online gaming space in the world.
As a result of these developments, we project achieving cash flow positive shortly soon after the launch of our new platform.
In our most recent press release we invited shareholders to submit any questions or requests. Based on the substantial and detailed number of questions we have received submitted, and to honor as many as possible, we are consolidating our responses and will provide the Q&A in a separate release early next week.
Thank You for your support,
Safe Harbor Statement
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of SeanieMac International, Ltd. and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements regarding our expectations regarding amounts staked and gross profits and our marketing initiatives. Such risks and uncertainties include, among other things, the uncertainty regarding consumer preferences, a decline in the popularity of our website and competition in the online gambling industry. SeanieMac assumes no obligation and does not intend to update these forward-looking statements.
A further description of risks and uncertainties can be found in SeanieMac International, Ltd.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015 and in its reports on Form 10-Q and Form 8-K.