MBF Group
Consistently pursuing its strategy of building sustainable and diversified revenues on April 10, 2020. We have received information on the success of negotiations, resulting in the bilateral signing of a share subscription agreement between the Issuer’s subsidiary MBF Inwestycje Kapitałowe sp. z o.o., based in Warsaw, and an entity in the computer game industry – a development studio (the “Entity”).
As a result of the aforementioned agreement, MBF Capital Investments acquired shares of the Entity for the amount of PLN 260,000.00 (in words: two hundred and sixty thousand zlotys). The conclusion of the aforementioned agreement is due to the reasonable, in the opinion of the Subsidiary’s Management Board and the Issuer’s Management Board, growth potential of the Entity, in connection with which the value of the shares acquired under the aforementioned agreement should increase and, consequently, translate into an increase in the financial results of the Issuer’s Capital Group.
As of today, the entity has earmarked 3 games for sale, including 2 mobile games for Android and iOS platforms and 1 for PC. The development studio plans to release at least 5 proprietary games for the PC platform in 2020-2021. In addition, console releases of games previously released on PC are anticipated. Four launches of games developed on behalf of other entities are also planned. In summary – the studio’s activities are concentrated in four main areas:
- in-house game production,
- Contract game production in exchange for fixed and variable (revenue share) remuneration,
- Providing graphic design and animation services,
- Outsourcing and selling some proprietary assets.
According to the Entity’s development strategy and information directly provided by the Entity, it intends to debut on the NewConnect market, operated as an Alternative Trading System by the Warsaw Stock Exchange, in 2020. All formal and legal activities were started at the beginning of this year.
