Apple iSports Forms Joint Venture with Apple iCasino to Boost Online Gaming Presence
AAPI has more than doubled off its 52-week low of $0.11 on light trading volume (0.1× avg).
Summary
Apple iSports Group (AAPI) has entered a joint venture agreement with AiC Enterprises LLC (Apple iCasino) to supply a gaming products platform and technical services, and to jointly promote the 'apple-i' brand in the gaming ecosystem. This strategic partnership aims to facilitate and promote B2B and B2C gaming revenue streams, positioning both companies in the global online gambling services market. This is a new, positive development for AAPI, unrelated to the recent 8-K/A regarding a payment demand. Traders should monitor the execution of this JV and its impact on AAPI's revenue growth and its long-term goal of a NASDAQ listing.
At the time of this announcement, AAPI was trading at $0.29 on OTC in the Technology sector, with a market capitalization of approximately $63.5M. The 52-week trading range was $0.11 to $100.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.