DELRAY BEACH, Florida, May 11, 2021 / PRNewswire / – TCI Acquisition Company, Inc. (dba TCI Entertainment), a technology holding company focused on gaming technology and e-commerce software, is delighted to announce the acquisition of a gaming platform of patented electronic commerce. The acquisition of assets from a Florida state administration court, which was approved by the Court in Palm Beach County, Florida, has been independently evaluated at $ 10,757,000 as part of a share and cash transaction.
“The timing was perfect in every way. TCI Entertainment was looking for a great investment opportunity and was introduced to the tech opportunity by the court-appointed receiver, James D. Sallah. Thanks to the hard work of all the legal teams involved throughout the process and in particular to overcome the delays related to COVID-19, we were finally able to close the transaction, ”said Vince D’Antonio, legal advisor.
The technology was granted a patent from the United States Patent and Trademark Office in 2019; The technology enables TCI Entertainment to simultaneously provide consumers and gamers with an innovative and unique way to shop, gamble and earn income within a single entertainment ecosystem.
“Underneath the mechanics of the game is a very powerful, user-centric platform. TCI Entertainment’s game commerce platform will not only make mobile shopping more entertaining, but will have a big impact on how product data is disseminated and socially shared. We’re excited to be in the conversation about changing the way consumers use mobile platforms to shop, ”says Jean Lepin, interim financial director.
“I agree that the timing couldn’t be better,” Lepin continues. In the midst of COVID-19, “mobile gaming activity has reached an all-time high, and people are looking more than ever for additional channels to earn revenue and save on their purchases. TCI Entertainment’s platform is that tool. . Our patented mobile platform turns gamers into virtual store owners who can earn real income as well as save on real purchases. Players can buy, sell, earn and compete to become leaders brand, all in the virtual environment of games. “
“The mobile gaming industry is one of the best performing industries in the world in 2020. With massive participation from $ 77.2 billion in the year just ended, there are no signs of slowing down in 2021 “(https://www.businessofapps.com/insights/mobile-gaming-industry-statistics-and-trends- for-2021 /).
This strategic acquisition of a patented technology could allow TCI Entertainment to fill the 150 billion dollars the gaming industry with the $ 10.3 trillion the e-commerce industry, a market that should be worth a $ 21 trillion by 2025.
TCI Entertainment’s core management and development teams have extensive experience in application development, as well as extensive experience in e-commerce and games. Additionally, the team has extensive experience in electronic and mobile marketing for some of today’s most successful technologies.
Based at Delray Beach, Florida, TCI Entertainment is a games and technology company focused on the strategic acquisition of high growth mobile game and mobile commerce companies. TCI Entertainment plans to finalize its first application on its platform for release in 2021.
For more information please contact:
Name: Harold Erhard
Telephone: 866-701-TCIE (8243)
E-mail: [email protected]
SOURCE TCI Entertainment