NFT Gaming Company Announces $500,000 Share Repurchase Plan
Roseland, NJ, March 22, 2023 (GLOBE NEWSWIRE) — The NFT Gaming Company, Inc. (NASDAQ:NFTG) (“NFT Gaming” or the “Company”), a company that develops a digital gaming platform and community that will offer users the ability to create unique avatars that can be played in all the games on the platform in the form of non-fungible tokens, or “NFTs”, today announced that its board of directors has authorized the repurchase of up to $500,000 of the company’s common stock.
“The current capital market conditions allow us to capture additional value for all shareholders through this measured buyback program. Our board and corporate management are committed to delivering value to our shareholders,” said Vadim Mats, CEO.
The timing, number of shares repurchased and the prices paid for the shares under this program will depend on available liquidity, cash flows and market conditions as well as corporate and regulatory restrictions, including restrictions on the blackout period. The repurchase program does not obligate the company to acquire any particular number of shares, and the repurchase program may be suspended or terminated at any time at the company’s discretion.
About The NFT Gaming Company, Inc.
NFT Gaming Company is developing a digital gaming platform that will offer our proprietary games as well as games developed and published by third parties. Our vision is to develop, design, acquire and manage conventional digital games and to combine them with new methods, such as the ability to create and create unique features in the game, such as skins, characters, weapons, equipment, in the form of non-fungible tokens, or “NFTs”, which will allow users to have unique experiences and more control over in-game assets. We initially plan to launch our own proprietary games that are easy and fun to play, allowing players to create their own affordable NFTs within the platform, with unique and exclusive features that can be used across the network of games and platforms. which we plan to build.
Forward-looking statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s IPO. Forward-looking statements are subject to a number of conditions, many of which are beyond the company’s control. Although the Company believes these forward-looking statements are reasonable, no reliance should be placed on any such forward-looking statements, which are based on information available to the Company as of the date of this release. These forward-looking statements are based on current estimates and assumptions and are subject to various risks and uncertainties, including, without limitation, those set forth in the risk factors section of the company’s registration statement and preliminary prospectus for the offering filed with the SEC. Thus, actual results may differ materially. The Company undertakes no obligation to update these statements whether as a result of new information, future events or otherwise, after the date of this release, except as required by law.
The NFT Gaming Company, Inc. Company Contact
Investor Relations
E:[email protected]
T: 1-888-319-2499
