Grand Perfecta Issues an 'Across the Board' Update on Progress and Operations
TOKYO, JAPAN -- (Marketwired) -- 07/25/16 -- Grand Perfecta Inc., (OTCQX: GPIW), the 'front runner' in the horse racing information sector serving the Japanese market, today provides an update for its stockholders on the company's progress and operations.
Grand Perfecta, Inc., is Asia's largest horse racing information company serving the Japanese market. Divisions include Japan-based Link Bit Consulting, its horse-racing data and media platform; Hong Kong-based Umajin HK which provides news, data and media about horse racing and soccer; and Sports Perfecta, the U.S.-based subsidiary of Grand Perfecta which is focused on fantasy sports and online and mobile gaming for global sports.
"We currently have 1.25 million non-paying users and 87,000 paying customers to our Internet and phone services in Japan," says Shuya Watanabe, CEO, Grand Perfecta, Inc. "Customers to our Internet and phone information services pay access fees that range between $4 and $800 depending on the level of information access."
"Japan is currently the largest market for horse race wagering globally, with wagers exceeding $28 billion annually generated by over 8 million racing fans," says Takashi Ozawa, President & COO, Grand Perfecta, Inc. "We continue to enhance and grow our business within Japan but we feel this is an opportune time to expand our model globally."
"We have been positioning the company for global expansion during the past two years," said Watanabe. "Our Hong Kong subsidiary, UMAJIN Hong Kong Ltd., is focused on the expansion of the business in Hong Kong and mainland China. In addition to the horse racing UMAJIN is also active in the soccer market."
In January 2016, Grand Perfecta Inc. announced the acquisition of FanXT operating under the company's US subsidiary, Sports Perfecta. Sports Perfecta is a digital sports media company, offering fantasy sports and digital media platforms to sport leagues across the world. Its digital products include, fantasy sport games, websites, iPhone and Android mobile apps, Facebook and Smart TV apps. This acquisition marked the company's entry into the US market as well as the fantasy sports industry.
"Fantasy sports is a rapidly growing, multi-billion dollar market and our existing data publication and subscriber acquisition model, makes us ideally positioned to capitalize on this market," says Shuya Watanabe, CEO, Grand Perfecta, Inc. Prior launches for Sports Perfecta include fantasy jockey and fantasy sumo. Grand Perfecta also operates Fantasy4All, which is fantasy sports provider for NFL, NBA, MLB, and soccer.
"We are excited about the opportunities ahead of us," says Shuya Watanabe, CEO, Grand Perfecta, Inc. "We feel we the efforts we have been making to position ourselves globally, now have us ready to take advantage of many of the growing trends throughout the world."
About Grand Perfecta, Inc. -- Grand Perfecta, Inc., www.grandperfecta.com, is Japan's premier content, communications and support provider for the horse racing industry.
Safe Harbor for Forward-looking Statements
This news release may contain forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, they are based on management's current beliefs and assumptions as to future events. However, since the company's operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.
Grand Perfecta Inc.
Source: Grand Perfecta, Inc.
Released July 25, 2016