May 3, 2017 – Advanced Interactive Gaming LTD. is pleased to announce Q4 2016 revenues of $657K with a net income for the quarter of $470K. CEO and Chairman, Jason Garber, comments:
“We are very pleased with our first operating quarter’s results derived from the royalty agreement entered into with Stainless Games. These earnings are reflected by the recent release of Carmageddon: Max Damage on the PlayStation 4, Xbox One and the Steam platform on PC.”
Mr. Garber goes on to say:
“These revenues will allow AIG to continue to execute on its business plan and strategy for 2017 and 2018 as the company launches its full lineup of software titles across a range of gaming platforms including PS4, XB1, PC, iOS, and Android.”
AIG expects to grow its business and title portfolio rapidly over the next three years and is looking to expand its network of strategic business partnerships. At present, Carmageddon: Crashers is in soft launch and slated for a release in the next quarter. A further three productions are in development for release in the near future. Next to these game developments a Carmageddon movie has also been in discussion and is in its planning phase.
AIG is currently being publicly listed on the Bermuda Stock Exchange with near-term plans to expand its listing to Europe in the second quarter of 2017. This coincides with AIG’s initial strategy as part of a capital formation campaign to enable a prosperous future for the company as well as provide investor liquidity. Mr. Garber stated: “This will be a significant step towards becoming a major name in the games market, working on even larger and more ambitious projects.”
Advanced Interactive Gaming LTD. management will be undertaking an EU roadshow with Andreea Porcelli of Monaco Growth Forums during the week of May 8th – 12th. Please check www.monacogrowthforums.com to see when they will be visiting your city.
About Advanced Interactive Gaming LTD.
AIG LTD is based in Hamilton, Bermuda and has extensive experience in developing, producing, marketing and publishing games on all gaming platforms. Between them, the board of directors has over 100 years of experience in the games industry. For more information about AIG LTD. go to http://www.advintgaming.com
About Monaco Growth Forums by Andreea Porcelli Ltd.
Monaco Growth Forums (MGF) is an exclusive, invitation-only conference highlighting growth companies seeking capital and/or greater exposure. Andreea Porcelli, MGF Founder, and President has more than 20 years experience as an international investment banker, finding investors for small cap companies on a world scale. She and her team select, by invitation-only, companies seeking international investor exposure to present and then socialize over three days with institutional fund managers, private asset managers, high-net-worth individuals, and industry-related sponsors and foundations—all of whom are also exclusively invited to match MFG’s highly selective criteria. www.monacogrowthforums.com