LAS VEGAS, Aug. 25, 2020 /CNW/ - HeadsUp Entertainment International Inc. (Pinksheets: HDUP.PK) announces today that it continues to move forward on multiple fronts to build operations and increase shareholder value. On August 18th, the Company's account with OTC Markets was approved for reactivation and associated fees were paid. We are now awaiting the access codes to upload all required materials to meet requirements for fully reporting status.
On August 20th, HeadsUp executed an Engagement Letter with its auditors to prepare audited financial statements for the past 2 years as part of its compliance protocol for application to remove the CTO in Alberta to allow for all Canadian brokerage firms to be able to trade the stock
The Company is also vetting new members to the Board of Directors and Management Team, finalizing a global media partnership for its new areas of operations, closing a UK Gaming license agreement and developing 2 new online gaming platforms to be announced soon.
As previously announced, an LOI to acquire an existing Licensed Gaming Operator is being finalized and will be announced on or before September 4th even if OTC Markets has not sent the Company the access code to upload its financial statements.
The Company's new webpage https://headsupentertainment.com went live yesterday and we encourage everyone to follow the new Corporate Twitter account @HeadsUpHDUP for the latest updates and news.
About HeadsUp Entertainment International Inc.
HeadsUp Entertainment International Inc. is a global gaming operator and media company focusing on online gaming, online poker, eSports, sports betting, online lottery, mobile 50/50, charity fundraising platforms and blockchain based payment solutions.
This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as "estimate," "expect," "anticipate," "projected," "planned," forecasted" and similar expressions are intended to identify forward-looking statements, which are, by their very nature, not guarantees of HeadsUp Entertainment International Inc.'s future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements because of new information, future events or otherwise.
SOURCE HeadsUp Entertainment International Inc.
For further information: HeadsUp Entertainment International Inc., Investor Relations, (403) 269-9039, https://HeadsUpEntertainment.com