Goal Acquisitions Corp. Issues Letter to Shareholders Regarding Proposed Combination with Digital Virgo

AUSTIN, Texas, Jan. 27, 2023 (GLOBE NEWSWIRE) -- Goal Acquisitions Corp. (Nasdaq: PUCK) today issued the following open letter to its shareholders:

Dear Shareholders -

As you may know, Goal Acquisitions Corp. (Nasdaq: PUCK) (“Goal” or “we”) has recently announced our entry into a business combination with Digital Virgo Group (“Digital Virgo” or the “Company”). Digital Virgo is a French corporation that is a global hub for payment and monetization of digital content and services that enables worldwide access to mobile content, entertainment, and commerce—all payable on a phone bill using carrier billing solutions, or alternative payment methods.

This is an opportune moment to combine with a strong and growing global business that generates substantial recurring revenue, having been consistently profitable for the last seven years. Digital Virgo has generated positive EBITDA growth on strong margins while creating tremendous market demand for the Company’s mobile media, sports, entertainment, gaming, commerce, finance, and other offerings, working with 140 telcos in 40+ countries. We are excited about their consistent growth and the upside as we look to bring Digital Virgo’s capabilities to the North American market. We see Digital Virgo as a source for long-term returns, as well as a leader in the space as mobile, entertainment, gaming, sports, wagering, and commerce converge. Digital Virgo is poised to take advantage of the future of digital content, where one destination exists to meet customers’ mobile entertainment and commerce needs, including payments, live events, travel, gaming, shopping, social impact and more.

The Company itself offers an impact opportunity in global markets as Digital Virgo provides access to digital services and content to the unbanked and underbanked, where they otherwise would not be able to participate. We intend to increase this impact, including providing new ways for consumers to give and nonprofit organizations to raise funds all through a seamless mobile experience and phone bill payment.

Goal is comprised of seasoned board members and proven business-builders who possess deep relationships in sports, media, telecommunications, investments, brand building, and M&A, that will stimulate Digital Virgo’s success in the U.S. market and beyond. These relationships will help the Company develop new partnerships, a critical element in leading the Company to more rapid customer acquisition and premier content creation, enhancing the platform and aiding revenue growth and profitability. Similarly, the Digital Virgo team is exceptional. The Company’s leadership has worked closely together for many years with the founder previously navigating a 900M+ euro exit from a previous company.