Golden Matrix Taking Steps to Hike Shareholder Value, Shares Gain

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Monday, April 6, 2020

In a period where many corporations shift their focus to capital preservation mode, Las Vegas-based Golden Matrix Group Inc. (OTCPK:GMGI) is continuing to fire on all cylinders as the company provides its investors with a run down on what it has been up to lately.

The company, a developer and licenser of social gaming platforms, systems and gaming content, provided a corporate update on steps the company is taking in calendar 2020 to increase shareholder value and qualify for an up-listing of its stock to a national or international exchange.

The company has not been affected by all the negatives, just recently having reported its eighth straight quarter of strong revenue and profit growth. Said CEO Brian Goodman, “As a result of physical limitations and restrictions imposed by the coronavirus pandemic, we have become a go-to company for casino operators needing to expand beyond land-based casino operations to include a strong online presence, which is critical to their long-term survival.”

Goodman continued, “Golden Matrix has become a trusted source for hundreds of operators in the Asia-Pacific (APAC) region. Our state-of-the-art GM-X platform has many competitive advantages over other products and services; it is customizable and highly scalable to suit each of our operator’s requirements, and can be accessed through both desktop and mobile applications.”

With more than 300 operators already servicing two million users across all GM-X gaming platforms, the company recently announced it is adding 24 new gaming operator clients, and over 40 additional such operators are expected to license GM-X by the end of April.

The company said it now plans to review and strengthen its corporate governance guidelines, and to add at least two new independent directors with varied backgrounds who support the company’s vision.

Shares in GMGI gained 7% to 46-100ths of a cent early Monday afternoon, on volume of 3.1 million shares.

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