Golden Matrix Provides Update on Corporate Steps Being Taken in Calendar 2020 to Increase Shareholder Value

• Expansion of Core Business Revenues and Profits with Addition of More Gaming Operators.
• Strengthening Corporate Governance with Addition of Independent Directors with Varied Backgrounds who Support the Company’s Vision.
• Satisfying All Requirements to Uplist to a National or International Exchange Later This Year.
• Optimizing Strategic Opportunities and Relationships that May Lead to a Merger or Acquisitions of New Business Lines. 
• Strong Balance Sheet And Cash Position To Support Gmgi’s 2020 Objectives With No Capital Raise Currently Needed Or Anticipated.

LAS VEGAS, NV, April 06, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE ‒ Golden Matrix Group Inc. (GMGI), a developer and licenser of social gaming platforms, systems and gaming content, today provided a corporate update on steps the company is taking in calendar 2020 to increase shareholder value and qualify for an uplisting of its stock to a national or international exchange. 

Recently the company reported its eighth straight quarter of strong revenue and profit growth. And, according to Golden Matrix CEO Brian Goodman, this trend is expected to continue and most likely accelerate. “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. 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. “We continue to field even more inquiries and applications from prospective clients,” said Mr. Goodman, “And the current expansion in our number of APAC operators is expected to produce significant incremental revenues and profits going forward.”