Leet Technology Inc. Commences Trading on the OTCQB Market

SELANGOR, MALAYSIA, Oct. 20, 2021 (GLOBE NEWSWIRE) — Leet Technology Inc. (OTCQB: LTES), (“Leet” or the “Company”), an esports technology company that provides a platform for competitive gaming (including arcade games) in the fast-growing Southeast Asian markets, is pleased to announce today that its security has been ‘upgraded’ and is now trading on the OTCQB® Venture Market.

The OTCQB® Venture Market is for entrepreneurial and development stage U.S. and international companies. To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process.

Mr. Keith Long, CEO of Leet Technology Inc., commented: “As Leet enters its next phase in its planned business expansion, we are pleased to have commenced trading on the OTCQB market. We believe that this OTC Markets tier upgrade will bring increased visibility to Leet, in addition to building awareness of the Company within the financial community. This step is expected to positively impact shareholder value and allow the Company to continue focusing on driving market penetration and revenue expansion in the eSports industry.”

About Leet Technology Inc.

Leet Technology Inc. is an esports technology company that provides a platform for competitive gaming (including arcade games) in the fast-growing Southeast Asian markets with a community and mass market focus through its flagship product Matchroom and municipal end users. The Company’s mission is delivering an end-to-end eSports & gaming ecosystem that enables registered users to play from anywhere at any time. It emphasizes catering to the general mass market over the niche professionals where the majority of market share and spending power is. Leet Technology Inc. leverages partnerships with ICT and OTT operators with cost efficient solutions that can enhance their bottom lines. Please visit the Company’s product website at https://matchroom.net/ and its corporate website at https://myleet.com/.

Cautionary Statement Regarding Forward-Looking Information:

This news release includes certain “forward-looking statements” under applicable U.S. securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals, where applicable and the state of the capital markets. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact Data

Investor Relations Contacts:

Leet Technology Inc.
Richa Gulhar, Senior Investor Relations Manager
Email: [email protected] or [email protected]
Phone: +60 3 7783 1636

Skyline Corporate Communications Group, LLC
Lisa Gray, Senior Account Manager
One Rockefeller Plaza, 10th Floor
New York, NY 10020 USA
Office: (646) 893-5835
Email: [email protected]

Leet Technology Inc.’s gaming platform, Matchroom.net integrates its competitive arcade gaming subscription services on Touch ‘n Go eWallet

The Matchroom Arcade platform offers competitive gaming subscription services to Touch ‘n Go eWallet’s over 16 million user base.

  • Matchroom Arcade offers hyper-casual gamers chances at both product and cash prizes
  • The platform integrates daily arcade tournaments encouraging higher engagement
  • Matchroom Arcade will give out RM 18,000 in cash prize-pools in the initial launch campaign
  • Users can enjoy subscription discounts and lucky draws throughout the launch campaign

Matchroom has grown in its 2 years of operations to have a presence across 3 regions; South Asia, Southeast Asia, & The Middle East & Northern Africa, Southeast Asia in particular has shown promising growth with access to an extremely large market. Its population of casual gamers are heavily engaged on mobile platforms which Matchroom has adapted to by expanding its services to third party platforms.

In conjunction with the newly released arcade service embedment on Touch ‘n Go eWallet, Matchroom is launching a campaign of subscription discounts, as well as a seasonal Deepavali lucky draw exclusively for Touch ‘n Go eWallet users.

“We are excited about our move to begin launching our services on third party platforms. This represents a big leap forward in our service offerings. In addition to white-labeling of our platform, eSports tournament IP creation for brands, and event digital services, we are building new brand partnerships for cross platform promotion to serve wider audiences” – CEO of Matchroom, Keith Long.

The Matchroom Arcade platform embedment boasts over RM 18,000 total cash prize pools for Q4 2021 as part of the promotional launch campaign, with registrations open to all Touch ‘n Go eWallet users.

Registrations for the first daily tournament began on the 17th September 2021, exclusively on Touch ‘n Go eWallet. Sign up to Touch ‘n Go eWallet now to receive updates.

About Matchroom

Matchroom is a gaming platform operated by Leet Technology Inc. and is a global casual eSports & arcade tournament platform that is developing an amateur competition network via its online platform, Matchroom.net, which sustains a global footprint across 13 countries, covering both Southeast Asia & South Asia. Matchroom’s central focus is on mobile gaming, with PC and console-based games also featured on its diverse network of quality eSports & arcade content. Matchroom is based in Malaysia with a regional presence in Hong Kong & Philippines 

For more info, visit https://matchroom.net/ or email [email protected] 

About Leet Technology Inc. (OTC: LTES)
Leet Technology Inc. is an eSports and competitive gaming aggregator with a community and mass market focus through its flagship product ‘Matchroom’ and municipal end users. The Company’s mission is delivering an end-to-end eSports & gaming ecosystem that enables registered users to play from anywhere at any time. It emphasizes catering to the general mass market over the niche professionals where the majority of market share and spending power is. Leet Technology Inc. leverages partnerships with ICT and OTT operators with cost efficient solutions that can enhance their bottom lines.

For more information, visit the Company’s product website at https://matchroom.net/ and its corporate website at https://myleet.com/

Argus Research Initiates Equity Report Coverage on Leet Technology Inc. (OTCPK: LTES)

NEW YORKSept. 9, 2021 /PRNewswire/ — Argus Research, an independent investment research firm, has launched Equity Report coverage on Leet Technology Inc. (OTCPK: LTES)

Click here to view Full Argus Equity Report

Excerpts from the Report as conveyed by Argus Analyst Steve Silver, follow:

BUSINESS DESCRIPTION:
Leet Technology Inc. is a technology company that provides a platform for competitive gaming (including e-sports and arcade games) in the fast-growing Southeast Asian market. The company aims to capitalize on the global trend of increased interest in competitive gaming, as technology has enabled the simultaneous participation of players in different locations, and live streaming has expanded the gaming audience. Leet is leveraging its platform, including its modularity, design and scalability, to provide white label solutions to Information and Communications technology (ICT) and Over-the-Top (OTT) companies in Southeast Asia. These companies use Leet’s technology to host gaming tournaments on their own platforms.

Leet Technology has built an end-to-end gaming ecosystem for game developers that allows competitive tournaments to be hosted on Leet’s platform. The Matchroom.net platform enables mass audiences of casual competitors in both e-sports and arcade-style, skill-based game categories to participate in both in-house & branded tournaments, and to win daily prizes. The platform is designed to enhance partners’ branding, user acquisition, conversion and monetization efforts, and to foster relationships between brands and gaming communities.

Leet’s current coverage area includes Southeast Asia, namely MalaysiaPhilippinesIndonesiaThailandSingaporeCambodia, and India. In 2022-2023, it plans to expand into Vietnam, as well as into markets in South Asia, the Middle East, and Africa.

The e-sports industry reached Southeast Asia in 2016, with the first prize-money tournament in Malaysia, and has expanded significantly since that time. Matchroom.net went live in 2019, and has thus far hosted more than 1,000 online tournaments for a wide range of popular games on mobile, console, and PC platforms. The company has hosted events with up to 15,000 participants in a single event and has served more than 120,000 gamers to date.

COMPETITIVE ADVANTAGE:
A key competitive advantage for Leet is its value proposition to its telecom and game developer partners. Leet provides telecom carriers with gaming technology that allows them to generate more revenue and earnings from their mobile customers. The company’s custom white-label solutions typically generate earnings for partner carriers within 1-2 quarters, helping them to offset the impact of declining voice-based usage. Carriers also benefit from the fact that gamers have higher-than-average data usage and are more likely to be retained. In addition, they can reward end users with loyalty points that further drive retention and overall usage.

Leet’s offering also allows telecom operators to run tournaments without a dedicated team of content developers and e-sports operators. This allows carriers to eliminate the technology risk of e-sports tournaments and focus solely on the marketing side of the event. In particular, Leet’s infrastructure ensures the cybersecurity of e-sports events, which usually require billing information from players.

In order to maximize its consumer reach, Leet’s gaming catalog addresses multiple age groups with a wide array of titles rather than appealing only to Millennials. It is also well positioned to capitalize on the increased demand for games based on current sporting events. For example, the company has hosted tournaments related to the recent Euro 2020 soccer championship, and plans a similar event for the 2022 World Cup. It has also hosted tournaments related to popular auto racing events.

Leet’s operating model is attractive in several respects. First, the platform is highly scalable and not technology-constrained, as most of the infrastructure related to partnered tournaments is stored on the telecom carrier’s own servers. Second, the partnerships involve long-term commitments from partners, usually in the three-year range, making Leet’s business more stable. We view this stability favorably given the intense industry competition from companies such as ESPL, Mogul.gg, Yamisok, ESL, and others that are expanding in the Southeast Asian and South Asian markets.

Lastly, we note that the expansion of the e-sports market has received support from the Malaysian government. As part of its 2021 annual budget, the government allocated the equivalent of $3.6 million for the development of e-sports, the third straight year in which the industry has received Malaysian government support. In our view, a favorable regulatory environment should help make e-sports more attractive for ICT providers and drive continued investment in the platform.

ANALYST COMMENTARY  ̶  EARNINGS (Click here to view Full Argus Equity Report): 
We view current revenue and earnings at Leet, a relatively new company, as less significant for investors than evidence that management is executing its strategy. For the year ended December 31, 2020, Leet reported net revenue of $73,416, up 40% from 2019. As of June 30, 2021, Leet had negative working capital of approximately $3.7 million and cash and other receivables of $115,000. It is currently seeking additional sources of capital.

In 2Q21, revenue totaled $115,000, compared with approximately $22,000 in the prior year period. During 1Q, the company generated initial revenue from a new revenue stream, Maroo Mall. We expect revenue to grow over the remainder of 2021 as Leet generates revenue from recently announced partnerships with mobile carriers, and its subscription model, which was introduced at the beginning of the year, gains traction.

Since August 2021, the company’s shares trade on the OTC market under the ticker LTES. Previously, the shares had traded under ticker BDIC, following its merger with Blow & Drive Interlock Corp, which was completed in November 2020.

About Leet Technology Inc. (OTCPK: LTES)    www.myleet.com
Leet Technology Inc., through its subsidiaries, operates an eSports platform in Malaysia. The company provides www.matchroom.net, an integrated e-sports tournament site that allows tournament organizers, brands, players, and game developers to organize e-sports tournaments on the platform utilizing platform tools, such as user registrations, payments, communications, livestream link-ups, wallet system, and other community features. It also offers information technology, mobile application development, and digital content publishing services. Leet Technology Inc is based in Los Angeles, California.

For more information re: LTES please contact:
RICHA GULHAR
Senior Investor Relations Manager
[email protected] and [email protected]
+60377831636

About Argus Research Corp.:
Headquartered in NYC, Argus Research (www.argusresearch.com) is a leading independent equity research firm (est. 1934)  ̶  providing fundamental and quantitative research coverage on more than 1,600 companies across all 11 sectors of the S&P 500, as well as macroeconomic and equity market forecasts, thematic research, model portfolios and pre-IPO research.  In addition, Argus now provides sponsored research solutions for small & mid-cap companies seeking coverage.  Our Institutional Asset Management, Bank Trust, sell-side advisor and self-directed investor clients value Argus’s proprietary equity research methodology, analysis and commentary.  Argus’s Equity Research & earnings estimates are available on major research / earnings estimate aggregator platforms, including Bloomberg, Thomson Reuters, Factset and S&P Global.

For more information re: Argus Research Services please contact: 
Darrell Stone
646-747-5438
[email protected]

Argus Research Co. has received a flat fee from the company discussed in this report as part of a Sponsored Research agreement between Argus and the company. No part of Argus Research’s compensation is directly or indirectly related to the content of this assessment or to other opinions expressed in this report. Please refer to the full Argus report and the disclaimer for complete disclosures.

SOURCE Argus Research

Leet Technology Inc., f/k/a/ Blow & Drive Interlock Corporation, Announces Addition to its Board of Directors

SELANGOR, MALAYSIA, Aug. 26, 2021 (GLOBE NEWSWIRE) — Leet Technology Inc (OTC: LTES; formerly OTC: BDIC), f/k/a/ Blow & Drive Interlock Corporation (hereinafter referred to as “LEET” or the “Company”), announced today that it has expanded its Board of Directors by appointing Ms. Elain Lockman to the Board as an Independent Director, effective August 23, 2021.

Ms. Lockman is the Co-founder and CEO of Ata Plus Sdn Bhd, an Equity Crowdfunding platform with the Securities Commission Malaysia. She began her career as a Petroleum Economist in the Exploration and Production Division of PETRONAS and has also served as Chief Operating Officer of Gyro Venture Partners. Through the years, her career flourished in several local and multi-national companies and organizations such as Malaysia Digital Economy Corporation (MDEC), Malaysia Debt Ventures, Digi Telecommunications and Packet One Networks, until 2015, when she co-founded Ata Plus Sdn Bhd.

She was recently appointed to serve on the Board of Universiti Tun Hussein Onn Malaysia. In addition, from April 2018 to the present, she serves as the President of the Registered Digital Markets Association Malaysia. Ms. Lockman currently sits as a Board Member of Reservoir Link Berhad and Daya Materials Berhad. She previously served on the Board of Western Union Payments Malaysia and served as Chairman of the Western Union Payments Malaysia Internal Audit Committee. Elain holds a BSc in Actuarial Science and MSc in Operational Research from the London School of Economics and Political Science.

Mr. Dai Song, Chairman of Leet Technology Inc, commented: “We are pleased to announce that Ms. Elain Lockman has joined our Board of Directors. Throughout her career, Ms. Lockman has championed the areas of peer-to-peer economy, management, business strategy, human resources, business development, relationship management, marketing, and corporate communications. She is well known in the Southeast Asia business community and has significant experience in leadership roles at numerous well-known local and international companies. As Leet continues to grow and expand into the Southeast Asia gaming and eSports industry, we believe that Ms. Lockman’s business acumen, relationships and experience will facilitate Leet’s expansion into the eSports marketplace and help us identify and evaluate new business opportunities for continued growth,” concluded Mr. Song.

About Leet Technology Inc, f/k/a/ Blow & Drive Interlock Corporation

Leet Technology Inc, f/k/a/ Blow & Drive Interlock Corporation, is an eSports and competitive gaming aggregator with a community and mass market focus through its flagship product Matchroom and municipal end users. The Company’s mission is delivering an end-to-end eSports & gaming ecosystem that enables registered users to play from anywhere at any time. It emphasizes catering to the general mass market over the niche professionals where the majority of market share and spending power is. Leet Technology Inc leverages partnerships with telecoms and OTT operators with cost efficient solutions that can enhance their bottom lines. Please visit the Company’s product website at matchroom.net and its corporate website at myleet.com.

Cautionary Statement Regarding Forward-Looking Information:

This news release includes certain “forward-looking statements” under applicable U.S. securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals, where applicable and the state of the capital markets. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.


Contact Data

Investor Relations Contacts:
Leet Technology Inc.
Richa Gulhar, Senior Investor Relations Manager
Email: [email protected] or [email protected]
Phone: +60 3 7783 1636

Skyline Corporate Communications Group, LLC
Lisa Gray, Senior Account Manager
One Rockefeller Plaza, 10th Floor
New York, NY 10020 USA
Office: (646) 893-5835
Email: [email protected]

Leet Technology Inc., f/k/a Blow & Drive Interlock Corporation, Issues Letter to Shareholders

SELANGOR, MALAYSIA, Aug. 31, 2021 (GLOBE NEWSWIRE) — Leet Technology Inc. (OTC: LTES), f/k/a Blow & Drive Interlock Corporation (OTC: BDIC), today issued the following letter to its shareholders.

Dear Leet Technology Inc. Shareholders:

Thank you all for your patience and support during the past several quarters. As many of you know, Leet Technology, an eSports and competitive gaming aggregator with a community and mass market focus through its flagship product Matchroom.net and municipal end users, merged its eSports and gaming business with a publicly traded United States entity in late 2020, Blow & Drive Interlock Corporation (OTC: BDIC).

Leet Technology proceeded to divest itself of Blow & Drive’s business operations so that the Company is now purely focused on the eSports and gaming sectors and the exciting opportunities within these arenas. This divestiture of business lines that are not associated with or complimentary to our eSports business will allow us to focus our energy and efforts on growing these core business lines.

To better reflect Leet Technology’s current business focus, the Company applied for a FINRA ticker symbol and name change- from Blow & Drive Interlock Corporation to Leet Technology Inc.- and received a new trading symbol (OTC: LTES). These changes which were effective on Monday, August 23, 2021. Leet Technology has also been filing its 10-Qs and 10-K financial reports with the U.S. Securities & Exchange Commission in a timely manner and expects to apply to up-list its shares to the OTCQB or Nasdaq in the coming quarters, assuming the Company meets the trading or listing requirements.

Established in May 2017, Leet Technology Inc. is a technology company which focuses on white label solutions to ICT and OTT companies and owns an end-to-end eSports platform called Matchroom.net (launched in Jan 2019) which aims to cover a wide range of gaming and digital entertainment services, including tournaments and related marketing, catering to the Asia Pacific communities. It is an enabler of eSports and Casual Competitive Gaming which penetrates the Mobile gaming community through Telcos and OTT players. Matchroom.net offers Matchroom eSports, an esports platform that engages & converts competitive gamers through mainstream games in the market, and Matchroom Arcade, which is a casual gaming platform where users play and compete in casual skill-based games to meet challenges and win daily prizes.

Through its technologyLeet offers white label solutions to its telecom and OTT operator customers by looking after the modularity, design, and scalability of the product. Furthermore, Matchroom.net takes into consideration the marketing aspect and provides sponsorship solutions such as tournament/event organizer and brand sponsorship opportunities for a wide array of global clients. Specifically, Leet Technology has built an end-to-end gaming ecosystem for game developers that allows competitive tournaments to be hosted on Leet’s platform.

In addition, Leet has partnered with multiple telecommunications providers in Southeast Asia who use Leet’s technology to host “white-label” gaming tournaments on their own platforms. Leet’s platform went live in 2019 and has thus far hosted more than 1,000 online tournaments for a wide range of popular games on mobile, console, and PC platforms. The company has hosted events with up to 15,000 participants in a single event.

eSports is a fast-growing industry in Southeast Asia. Leet Technology is benefiting from increased interest in competitive gaming, as technology has enabled the simultaneous participation of players in different locations, and live streaming has expanded the gaming audience. Leet’s current coverage area includes Southeast Asia, namely Malaysia, the Philippines, Indonesia, Thailand, Singapore, Cambodia, and India. In 2022-2023, it plans to expand into Vietnam, as well as into other markets in South Asia, the Middle East, and Africa.

In closing, we would like to thank all of our shareholders for their loyalty, patience, and continued support of Leet Technology Inc. We greatly appreciate the confidence you place in Leet’s business model, management, and operations. As we continue our progress, we believe Leet Technology will be able to rapidly monetize and capitalize on the momentum and growth opportunities in the Southeast Asia eSports marketplace and create increased value for its shareholders.

Sincerely,

Mr. Dai Song, Co-Founder & Chairman, Leet Technology Inc.
Mr. Keith Long, Co-Founder & CEO, Leet Technology Inc.

About Leet Technology Inc.

Leet Technology Inc. is an eSports and competitive gaming aggregator with a community and mass market focus through its flagship product Matchroom and municipal end users. The Company’s mission is delivering an end-to-end eSports & gaming ecosystem that enables registered users to play from anywhere at any time. It emphasizes catering to the general mass market over the niche professionals where the majority of market share and spending power is. Leet Technology Inc. leverages partnerships with telecoms and OTT operators with cost efficient solutions that can enhance their bottom lines. Please visit the Company’s product website at matchroom.net and its corporate website at myleet.com.

Cautionary Statement Regarding Forward-Looking Information:

This news release includes certain “forward-looking statements” under applicable U.S. securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals, where applicable and the state of the capital markets. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.


Contact Data

Investor Relations Contacts:
Leet Technology Inc.
Richa Gulhar, Senior Investor Relations Manager
Email: [email protected] or [email protected]
Phone: +60 3 7783 1636

Skyline Corporate Communications Group, LLC
Lisa Gray, Senior Account Manager
One Rockefeller Plaza, 10th Floor
New York, NY 10020 USA
Office: (646) 893-5835
Email: [email protected]

Blow & Drive Interlock Corporation Announces Name Change to Leet Technology Inc.

FINRA also approves Ticker Symbol change to OTC: LTES

SELANGOR, MALAYSIA, Aug. 24, 2021 (GLOBE NEWSWIRE) — Blow & Drive Interlock Corporation, a/k/a/ Leet Technology Inc. (formerly OTC: BDIC; currently OTC: LTES) (hereinafter referred to as “Leet” or the “Company”), today announced that the Financial Institute Regulatory Authority (FINRA) has approved the Company’s name change to Leet Technology Inc., and its OTC PNK ticker symbol change to “LTES.” The Market Effective Date was Monday, August 23, 2021. The Company’s new CUSIP number is 524528106.

The Company changed its corporate name to Leet Technology Inc. to better illustrate its current eSports business operations and to highlight the newly configured Company, which is focused on delivering an end-to-end eSports & gaming ecosystem that enables registered users to play from anywhere at any time.

Mr. Keith Long, CEO of Blow & Drive Interlock Corporation, a/k/a/ Leet Technology Inc, commented: “The changing of our corporate name and granting of an application for a new OTC stock trading symbol is another important step in the re-branding process for Blow & Drive Interlock Corporation. Leet Technology proceeded to divest itself of Blow & Drive’s business operations so that the Company is now purely focused on the eSports and gaming sectors and the exciting opportunities within these arenas.”

“Renaming the Company Leet Technology Inc is more reflective of our compelling and exciting eSports products and services that we expect to generate income and future growth. We believe that these name and ticker symbol changes signal an important and exciting inflection point for the Company as we continue to expand our eSports operating businesses, engage in new business relationships with telecom operators, and expect our seasoned management team to bring valuable global relationships and key advantages to the Company,” concluded Mr. Long.

About Blow & Drive Interlock Corporation, a/k/a/ Leet Technology Inc

Blow & Drive Interlock Corporation, a/k/a/ Leet Technology Inc, is an eSports and competitive gaming aggregator with a community and mass market focus through its flagship product Matchroom and municipal end users. The Company’s mission is delivering an end-to-end eSports & gaming ecosystem that enables registered users to play from anywhere at any time. It emphasizes catering to the general mass market over the niche professionals where the majority of market share and spending power is. Blow & Drive Interlock Corporation, a/k/a/ Leet Technology Inc, leverages partnerships with telecoms and OTT operators with cost efficient solutions that can enhance their bottom lines. Please visit the Company’s product website at matchroom.net and its corporate website at myleet.com.

Cautionary Statement Regarding Forward-Looking Information:

This news release includes certain “forward-looking statements” under applicable U.S. securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals, where applicable and the state of the capital markets. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.


Contact Data

Investor Relations Contacts:
Leet Technology Inc.
Richa Gulhar, Senior Investor Relations Manager
Email: [email protected] or [email protected]
Phone: +60 3 7783 1636

Skyline Corporate Communications Group, LLC
Lisa Gray, Senior Account Manager
One Rockefeller Plaza, 10th Floor
New York, NY 10020 USA
Office: (646) 893-5835
Email: [email protected]

Matchroom To Provide India’s PayTM With Esports Content For The Next 12 Months

Matchroom has just signed a master service agreement with India’s e-commerce powerhouse, PayTM, to deliver more esports content to their array of Indian and MENA markets.

PayTM is India’s premier e-commerce platform that took the scene by storm since its incorporation in 2010. Having served more than 350 million users with over USD 510 million turnover in 2019, PayTM is now seeking modern alternatives to leverage on their massive user base. Hence, the Master Service Agreement with Matchroom that outlines the collaboration between the two.

Matchroom had already been working with PayTM and Daraz to plan, execute, and manage mass user style tournaments with tens of thousands of participants throughout 2020 that made for the largest tournaments in the world in terms of sheer participation. The agreement merely extends the arrangement for the next 12 months in an official capacity.

This is a great fit for both companies as Matchroom’s focus on features and tools that facilitates scalable and sustainable engagement, retention, and conversions is ideal for businesses like PayTM that are looking for value added services that can address a large user base and introduce new revenue streams. On the other hand, PayTM’s commercial proliferation across the region will allow Matchroom easy access to Indian and MENA markets like Tunisia, Libya, and Egypt.

Learn more about Matchroom: https://www.matchroom.net/
Unlock next level esports with Matchroom+: https://www.matchroom.net/subscription/guideline
Interested in talking business? Contact us at [email protected]

Matchroom.net Launches The Matchroom+ Subscription To Deliver Next Level Rewards & Experiences

This January, 2021 marks the 2nd anniversary since Leet Entertainment launched its flagship product – Matchroom in 2019. Starting off as a humble tournament listing site focusing on local Malaysian and Filippino esports, Matchroom is now a full fledged virtual playground having hosted more than 500 tournaments with a combined prize pool of above US$100,000 catering over 150,000 participants.

Esports, as an industry, has garnered much attention in recent years; having evolved from a niche hobby enjoyed by a select few hardcore enthusiast to a form of mainstream entertainment played and watched by billions across the globe.

The increase in popularity can be mainly attributed to the ferocious penetration of mobile gaming into markets all around the world, opening up the gaming market to an overwhelming number of people who did not previously have consistent access to traditional gaming devices like PCs and consoles. Additionally, being pushed further along by the COVID-19 pandemic in 2019, esports has become the veritable talk of the town as consumers and operators alike turn to new digital alternatives for their entertainment & business.

Matchroom, placing its focus on gaming communities & grassroots, seeks to further leverage on this rising trend by packaging activities, rewards, and tools that appeal to gamers into a worthwhile subscription – the Matchroom+ subscription service.
.
The subscription bundles a selection of services & products that we expect would be appealing to gamers. At USD 1 per week, Matchroom+ members will be privy to the following benefits:

  • Access to premium competitions with greater rewards & experience
  • Access to weekly lucky draws
  • Access to weekly gift packs

This is also just the start. Matchroom plans to further develop itself into an entertainment powerhouse that can provide comprehensive end-to-end experiences to our users; encompassing everything from playing, competing, watching, purchasing, and more. Ultimately, Matchroom would like to spread its virtual playground and bring more tournaments with bigger prize pools to the rest of Southeast Asia within 2021 as well.

Matchroom will continue to expand on the benefits provided over the course of 2021 to include attractive features such as:

  • A mall where subscribers can redeem for or purchase in game products, gaming merchandise, and limited edition exclusive items;
  • Opportunities for subscribers to be coached or mentored by certain popular streamers or pro players;
  • Automated tournament systems, and more.

Learn more about Matchroom+: https://www.matchroom.net/subscription/guideline
Interested in talking business? Contact us at [email protected].

Matchroom Signs Direct Operator Billing Partnership With Celcom Malaysia

Matchroom has just signed a Direct Operator Billing Partnership with Celcom Malaysia, a part of the Axiata Group, this 4th of December, 2020 as a continuation of its intention to deliver more value and convenience to its users.

Celcom, established in 1988, is Malaysia’s oldest mobile telecommunications provider. The partnership is expected to aid Matchroom in reaching out and catering to even more users within Malaysia by opening up direct carrier billing options to more than 8 million Malaysian subscribers.

The partnership remains a key checkpoint for Matchroom despite being already linked with a number of other localized payment options (e.g. Digi, Ipay88). Mainly because direct carrier billing allows for users to conveniently make payments through their mobile carrier with little to no restrictions. 

This ability to pay through one’s mobile carrier has become increasingly important, not only because it enables payments from demographics without access to credit cards or any other similarly restrictive options; but also because of the rapid shift towards mobile gaming. Mobile games like MLBB and PUBGM took the industry by storm when they were first released, and even now continues to dominate the gaming scene in Southeast Asia.  

Matchroom Signs Group Framework Agreement With Telenor Digital

Matchroom has just signed a Group Framework Agreement with Telenor Digital, a part of the Telenor Group, this 13th of November, 2020 to secure a more comprehensive set of payment gateways in preparation for its penetration into its South & Southeast Asian target markets.

This partnership is a significant milestone for Matchroom as it would allow the platform to better penetrate its target markets across South & Southeast Asia. Namely Malaysia, Bangladesh, Thailand, Pakistan, and Myanmar while also providing the opportunity to explore markets such as Serbia, Montenegro, Hungary, Norway, Denmark, Sweden, and Bulgaria in the future.

Over the recent years, telecommunications companies have stepped up as one of the most preferred payment gateways via their direct carrier billing capabilities. Almost every gamer has a mobile phone and line, especially with how mobile gaming is overwhelming the mainstream market; so the ability to make payments through your own carrier makes it really convenient to perform purchases. As such, this partnership should see Matchroom to a smoother journey as it enters the markets.