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Sports Venues of Florida (OTCMKTS: BTHR) has successfully completed an audit of its GGToor.com website to enhance user experience. The company will host its first major Call of Duty tournament this March, alongside events for Yu Gi Oh Dual Links and other games. Upcoming website changes aim to optimize player engagement and allow for sponsorship opportunities. CEO John V Whitman Jr. emphasized the company's growth in the eSports sector and believes the stock is undervalued, urging investors to recognize its potential.
Sports Venues of Florida, Inc. (BTHR) reported significant growth for its third quarter ending February 27, 2021. Players on events surged by 54% to 1,956, while paid players increased by 100% to 612. The players' registration database grew by 81% to 2,305. Despite falling short of revenue expectations at $5,270 against a budget of $6,750, the company anticipates a substantial revenue spike to $40,904 in the fourth quarter. A new Shadow Credits program is set to launch, rewarding player engagement. The company aims to achieve positive cash flow by year-end.
Sports Venues of Florida (BTHR) is making strides in the youth sports and eSports sectors, focusing on sponsorship outreach and expanding female engagement. Key executives, including Luis Arce and Miguel Munoz, are highlighted for their contributions. The company is capitalizing on various revenue streams in eSports, including sponsorships and media rights, while planning future events like Pokémon TCG and Call of Duty tournaments. They aim to boost female participation, as women’s eSports viewership increased from 23.9% to 30.4%. Future growth includes drafting contracts for new tournament organizers.
Sports Venues of Florida (BTHR) has announced significant progress in debt reduction and player base expansion following its inaugural World of Tanks event, which attracted 250 teams and 1100 players. The company is focused on engaging younger demographics through its GGToor.com portal and is witnessing growing sponsor interest. Recently, BTHR raised cash through a Regulation A offering, which allowed it to pay off $150,000 in convertible notes. Management highlights the importance of more investors holding shares than selling as a driver for stock price increase.
Sports Venues of Florida, Inc. (OTCMKTS: BTHR) has announced the launch of weekly Management Reports to enhance transparency with shareholders and investors. These reports will cover both positive developments and setbacks in the company’s operations in the youth sports and eSports markets. The company reported over 1,000 new registered players in January, exceeding its initial projections. BTHR plans to host new competitive gaming events while actively seeking collaborations with brands to engage audiences through its platform.
Sports Venues of Florida, Inc. (OTCMKTS: BTHR) has announced a significant corporate action by filing articles of amendment to reduce its authorized common stock from 7.5 billion to 937,793,496 shares. This move aims to address shareholder concerns regarding potential dilution, as existing shareholders will not be affected by the reduction. Company President John V Whitman Jr. expressed confidence that this decision will stabilize the capital structure and assure shareholders of minimal future dilution. BTHR is focused on youth sports, family entertainment, and the eSports market.
Sports Venues of Florida (BTHR) announced its subsidiary Shadow Gaming's participation in a Clash Royale eSports tournament featuring 86 players. Highlight moments included a fierce competition between MDK and Max CR, with MDK taking third place after intense rounds. Shoot ultimately triumphed in the finals against Max CR, securing the grand prize. Shadow Gaming's president, Luis A. Arce, emphasized the company’s commitment to growing in the eSports sector. The firm aims to establish indoor eSports arenas for major international events while expanding its business portfolio.
Sports Venues of Florida (BTHR) announces the launch of revenue generation starting November 1, 2020, with the introduction of its Ambassador subscription service. This service offers gamers a chance to participate in tournaments for cash prizes, starting with a subscription fee of $7.99 per month for the first 10,000 subscribers. The initial tournaments will feature games with monthly prizes of $5,000. The company has transitioned from a shell entity to a competitive player in the eSports market, supported by its subsidiary, Shadow Gaming, Inc., and aims to expand further with a comprehensive gaming portal.
Sports Venues of Florida (OTCMKTS: BTHR) announced the success of its subsidiary, Shadow Gaming, at recent eSports tournaments. In the Darkest Dungeon tournament, player Sis faced off against Wynterbliss, who ultimately secured victory with a strategic setup. The Fall Guys tournament also showcased impressive gameplay, with Dangers emerging as the champion after defeating Perish Volmir. President Luis A. Arce expressed satisfaction with the growing player participation in their events. The company continues to focus on eSports and youth sports entertainment while pausing plans for large sports complexes.