ECC Ventures 3 Corp. Enters Definitive Agreement to Acquire Sparx Technology Inc. - Seite 2

About Sparx

Sparx is a private company incorporated pursuant to the Canadian Business Corporations Act. Sparx is an industry leading interactive media technology company whose principal activities are providing the world's largest and most demanding media companies and sports teams with technologies to engage audiences on any screen, anytime, anywhere. The patented Sparx platform enables broadcasters, streamers, and video producers to engage viewers for longer, generate new revenue opportunities, and create lean-forward experiences for audiences eager to join in the action.

Millions of users can connect to the Sparx platform and interact simultaneously on their mobile phone, tablet, or computer anywhere in the world, in real time.

Current sports client integrations include predictive gaming, trivia, and voting and polling on NESN Sports hockey and baseball broadcasts, and ESPN's College Game Day telecasts. Other sports activations include the Vancouver Canucks "Predict the Play", Fresno State Bulldogs' "The Dog House", plus both "in-app" and "in-venue" experiences with the Orlando Magic's "Magicvision".

Earlier this fall Sparx rolled out its new Video On Demand product inside Disney Now in the U.S. which provides users with an exciting, gamified experience around a Disney Channel movie on demand on desktop, tablet, or mobile device.

Other clients include Turner Sports/Bleacher Report, CNN, NBC, Activision Blizzard plus Endemol Shine and 7 Australia.

The global pandemic has accelerated a shift toward virtual and hybrid events. Over the last year Sparx has developed its Stream Hub product specifically to give content providers and event producers an opportunity to capitalize on this movement by providing tools to gamify and enhance the consumer experience. This development has now pushed Sparx into new verticals including EdTech, corporate conferences and training, virtual charity events and university commencement ceremonies.

The Sparx platform is built to scale and uniquely positioned for expansion throughout international markets as evidenced by recent activations in Australia and South America.

In its fiscal year ended June 30, 2021 (unaudited), Sparx generated revenue of approximately $725,855 and incurred a net loss excluding nonrecurring income and expenses of $1,141,206. As at June 30, 2021 (unaudited), Sparx had approximately $175,290 in total assets and liabilities of approximately $1,360,762.