iMackulate Vision Gaming, Inc. Enters Into Definitive Agreement To Sell Minority Equity Interest to Flonamix, Inc.
Flonamix, Inc. to acquire a ten percent equity interest in iMackulate Vision Gaming, Inc.
ATLANTA, GA – iMackulate Vision Gaming (iMackulate or “IMV”), is excited to announce that it has entered into a definitive agreement with Flonamix, Inc. (“Flonamix”), the parent company of Matrix Athletic Club. The core purpose of the Matrix Athletic Club is to create lifestyle clubs that integrate innovative physical and cognitive training to enhance human performance and quality of life.
Under the terms of the agreement, Flonamix plans to contribute $5 million for an approximate 10% equity stake in the partnership, which will be used toward the development of IMV’s flagship product Gridiron Champions.
Commenting on the acquisition, Adham Rashwan, CEO, said, “The acquisition with IMV was carefully vetted and chosen because of the company’s robust potential and plans for public offering, as well as the opportunities presented to overlap resources, networks, and Flonamix partners to create enhanced revenue streams.”
Rashwan further added, “There is an undisputed demand for IMV’s flagship product. With that in mind, I feel strongly that now is the time for prominent athletes and celebrities that have spoken out to bring back a college football entertainment product to finally step up and support bringing back greatness. We are proud to be one of the first to do so and confidently believe in IMV’s ability to produce a AAA quality product.”
Alex Lewis, Chairman and CEO, also commented: “We see an attractive market growth opportunity for our company, which is why IMV chose to partner with Flonamix. We firmly believe that the cross-pollination of resources, assets and networks will be extremely mutually beneficial. We look forward to collaborating with the leadership of Flonamix on our company’s journey to create high quality, innovative, and engaging entertainment products.”
About iMackulate Vision Gaming Inc.
iMackulate Vision Gaming, Inc. is a revolutionary video game software development conglomerate based in Atlanta, GA. The company is committed to providing high quality, innovative, and engaging entertainment products. The company is planning proprietary gaming software programs through development and partnership plans, licensing, and other commercial expansion, starting with its flagship product to be Gridiron Champions. IMV is working with a top tier advisory board including industry professionals and numerous current and former professional athletes such as Spencer Dinwiddie, Dat Nguyen, Montee Ball and Vadal Alexander as brand ambassadors and investors, and has a deal in place with Pioneer International Group to bring capital into the company.
About Flonamix, Inc.
Matrix Athletic club is the central entity under its parent company Flonamix Inc. Matric Athletic Club will be a fitness complex and multi-use area development that will use the mind to treat the body and use the body to treat the mind. The Matrix Athletic Club will use exercise prescription and cognitive training to drive physiological responses, which will decrease stress and allow high-level executives and athletes to perform at their peak whether that is in the stock market or on the field. By incorporating the use of biometrics to direct individual programs and track global community trends to constantly test and adjust their systems to produce measurable outcomes that clients can see and feel.
Nothing herein is intended to be an offer or solicitation of an offer for the sale or purchase of any security. References to names of persons and other companies or products should not be misconstrued as to the type of relationship with the Company, if any.
Safe Harbor: This document contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements. When used, the words “estimate,” “anticipate,” “expect,” “believe,” and similar expressions are intended to be forward-looking statements.
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