Xcyte Digital Corp. to Present at the Planet MicroCap Showcase: VEGAS 2024 on May 1, 2024
POMPANO BEACH, FL / ACCESSWIRE / April 24, 2024 / Xcyte Digital Corp. (TSXV:XCYT) (“Xcyte” or the “Company”), a spatial computing event technology aggregator and developer providing a high value, cost-effective, multi-platform subscription service to host online virtual and immersive events as well as managed services for physical and hybrid events, announces that CEO Randy Selman will be presenting at the Planet MicroCap Showcase: VEGAS 2024 on May 1, 2024 at 11:30am PT / 2:30pm ET. Mr. Selman will also host 1×1 investor meetings through the day on May 2, 2024. “The broad adoption of Xcyte’s unique services, including by many Fortune 1000 companies, has allowed us to expand our service offerings to generate continued revenue growth and strong margins,” said Xcyte CEO Randy Selman. “Part of this growth is driven by our accretive acquisition strategy, which we just embarked on, as well as expanding our business organically. Our growth strategy positions us for expanding into the virtual and hybrid events market – industries that could quadruple into a US$1 trillion market by 2032. I look forward to introducing Xcyte Digital and our opportunities to investors at the upcoming Planet MicroCap Showcase: VEGAS 2024 event.” To access Xcyte Digital’s Planet MicroCap Presentation: Date: Wednesday, May 1, 2024Time: 11:30am PT / 2:30pm ETWebcast: https://www.webcaster4.com/Webcast/Page/3026/50149 If you cannot make the live presentation, all company presentations “webcasts” will be available directly on the conference event platform on this link under the tab “Agenda”: https://planetmicrocapshowcase.com/agenda To Book a Meeting with Mr. Selman: If you would like to book 1×1 investor meetings with Xcyte Digital management and to attend the Planet MicroCap Showcase: VEGAS 2024, please make sure you are registered here: https://planetmicrocapshowcase.com/signup 1×1 meetings will be scheduled and conducted in person at the conference venue: Paris Hotel & Casino in Las Vegas, NV About Planet MicroCap Planet MicroCap is a global multimedia financial news, publishing and events company focused on news dissemination, providing information, data and analytics for the MicroCap investing community. We have cultivated an active and engaged audience of folks that are interested in learning about and to stay ahead of the curve in the MicroCap space. If you would like to attend the Planet MicroCap Showcase, please register here: https://planetmicrocapshowcase.com/signup About Xcyte Digital Inc. Xcyte Digital (TSXV:XCYT) is a spatial computing event technology aggregator and developer providing a high value, cost-effective, multi-platform subscription service to host online virtual and immersive events as well as providing professional managed services for physical and hybrid events. Xcyte was formed in 2022 through an amalgamation of operating businesses & assets in the virtual & immersive event sectors. The Company went public on the TSX Venture exchange on November 15, 2023. Headquartered in Toronto Ontario (Canada) and Fort Lauderdale, FL (USA), Xcyte also has personnel and operations in London, UK; Charlotte, NC; Union, NJ and Cape Town, SA. Xcyte provides immersive event technology, virtual event technology and event support services. Visit us at xcytedigital.com. Forward-Looking Information Certain statements in this news release are forward-looking statements and are prospective in nature, including statements with respect to the Acquiror’s future intentions regarding the securities the Issuer. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Such forward-looking statements should therefore be construed in light of such factors, and the Acquiror is not under any obligation, and expressly 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 applicable law. For further information, please contact: Xcyte Digital Corp.Randy Selman, Chief Executive Officer and DirectorPhone: (647) 777 7501Email: investment@xcytedigital.com Investor RelationsNikhil Thadani, Sophic CapitalEmail: nik@sophiccapital.comPhone: (647) 777 7501 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE: Xcyte Digital Corp. View the original press release on accesswire.com
Xcyte Digital Corp. Purchases Assets of A+ Conferencing
A+ generated US$1.4 million in annual revenue and US$207K normalized EBITDA during 2023 (unaudited) Transaction is non-dilutive to Xcyte Digital shareholders Acquisition to be funded via existing cash on hand POMPANO BEACH, Fla., April 03, 2024 (GLOBE NEWSWIRE) — Xcyte Digital Corp. (TSXV: XCYT) (“Xcyte” or the “Company”), a spatial computing, event technology aggregator and developer providing a high value, cost-effective, multi-platform subscription service to host online virtual and immersive events, announced it has signed an asset purchase agreement today with A+ Conferencing, Ltd. (“A+”,”A+ Conferencing or Seller”), pursuant to which a wholly owned subsidiary of the Company acquired all of the assets of A+, a Texas-based conferencing services limited partnership (the “Transaction”). The consideration for the Transaction is comprised of a revenue share, whereby Xcyte will receive 70% of the gross revenue derived from the acquired business each quarter (subject to certain adjustments). This revenue share expires five (5) years from the signing of this agreement. Xcyte will make a cash payment of US$300K at the closing of the Transaction (the “Closing”) today. Xcyte will also execute a promissory note in the principal amount of US$200K, which will be payable by Xcyte in four equal quarterly installments of US$50K, commencing on July 1, 2024 to the Seller. During the twelve months ended December 31, 2023, A+ generated US$1.4 million in revenue and approximately US$207K in normalized EBITDA1 (unaudited). During the same period, being the twelve months ended December 31, 2023, Xcyte generated revenue and a normalized EBITDA loss of approximately US$1.2 million and US$915K2 respectively (unaudited). This transaction is Arms-Length and no finder fees have been paid in relation to it. A+ Conferencing operates a full-service conferencing services business, providing audio, video, and web conferencing services for medium to high volume customers, resellers, and agents. A+ Conferencing provides a comprehensive range of services, from reservation-less conference calling to web conferencing and video email, tailored to meet specific client needs. “The combination of the A+ and Xcyte businesses creates a company with a combined 30+ years of experience and talent. The synergies are expected to enhance our clients’ overall experience and provide a high level of service excellence in the conferencing services arena”, said A+ CEO, Mike Burns. “We believe combining A+ and Xcyte’s conferencing businesses will bolster our service offering, enabling us to begin to scale our revenue and EBITDA as we progress the Company to its medium term growth goals,” said Xcyte CEO, Randy Selman. “This acquisition is the first from our deep M&A funnel, and is intended to help Xcyte grow our infrastructure, talent and client base, and accelerate our organic growth.” About A+ Conferencing Founded in 2000, and led by Mike Burns, A+ Conferencing specializes in audio, operator assisted, web and desktop video conferencing solutions for businesses and non-profit organizations. A+’s services range from small conference calls to large townhall meeting calls with thousands of conferees on each call. For more information, visit www.aplusconferencing.com About Xcyte Digital Inc. Xcyte Digital (TSXV: XCYT) is a spatial computing event technology aggregator and developer providing high value, cost-effective, multi-platform subscription services to host online virtual and immersive events. Xcyte was formed in 2022 through an amalgamation of operating businesses and assets in the virtual & immersive event sectors. The Company went public on the TSX Venture Exchange on November 15, 2023. Based in Fort Lauderdale, FL, Xcyte has operations in London, UK, Charlotte, NC and Union, NJ. Xcyte provides immersive event technology, virtual event technology and event support services. Visit us at xcytedigital.com. Non-IFRS Financial Measures This press release may include references to certain non-IFRS financial measures. These non-IFRS measures do not have any standardized meanings prescribed by International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) and are therefore unlikely to be comparable to similar measures presented by other companies. Accordingly, they should not be considered in isolation, in addition to, not as a substitute for or superior to, measures of financial performance prepared in accordance with IFRS. For further information, please contact: Xcyte Digital Corp.Randy Selman, Chief Executive Officer and DirectorPhone: (647) 777 7501Email: investment@xcytedigital.com Investor RelationsNikhil Thadani, Sophic CapitalEmail: nik@sophiccapital.comPhone: (647) 777 7501 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Information Certain information in this news release constitutes forward-looking statements and forward-looking information under applicable Canadian securities legislation (collectively, “forward-looking information”). Forward-looking information in this release includes, but is not limited to, statements with respect to the expected synergies that Xcyte may realize as a result of the acquisition of A+, and the impact that the Transaction may have on Xcyte’s growth prospects generally. Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding future events. Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by management as of the date of this news release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements and future events to be materially different from those expressed or implied by such forward-looking information, including that the A+ assets may not perform or generate revenue at the levels experienced historically; that there may be obstacles to absorbing the A+ assets into Xcyte’s broader business; that the synergies anticipated by the A+ acquisition may not materialize to the extent expected or at all; and other factors that apply to the Company’s business generally as described in greater detail in the documents filed under the Company’s profile at www.sedarplus.ca. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Investors are cautioned that undue reliance should not be placed on any such information, as unknown or
Xcyte Digital Produces Second Metaverse Spectrum Business Conference and Launches Inaugural Pitch Fest
POMPANO BEACH, FL / ACCESSWIRE / December 4, 2023 / Xcyte Digital Corp. (TSXV:XCYT) (“Xcyte” or the “Company”), a spatial computing event technology aggregator and developer providing a high value, cost-effective, multi-platform subscription service to host online virtual and immersive events, announced that it will produce the second annual Metaverse Spectrum Business Conference and Expo on Wednesday, December 6, 2023. The Metaverse Spectrum Business Conference and Expo is a leading event that brings together visionaries, entrepreneurs, investors, and industry experts. Through engaging panel discussions, interactive sessions, and networking opportunities, the conference aims to foster collaboration, innovation, and investment within the Artificial Intelligence, Virtual Reality, Augmented Reality and Web3D ecosystem. This year’s Metaverse Spectrum Business Conference and Expo will include more than 1,500 attendees, 30 exhibitors, and 100 speakers. The Conference Keynote will be delivered by David S. Rose, CEO, Gust, a global platform for founding, operating, and investing in scalable, high-growth companies. Global thought leaders speaking at the show include Neil Trevett, Vice President of Developer Ecosystems at NVIDIA & President of Khronos; Subroto Mukherjee, Strategy Lead & Cross Industry Solutions at Microsoft; Frank Diana, Managing Partner at Tata Consultancy Services and Futurist; Lee Margetts, UKAEA Chair of Digital Engineering at Fusion Energy; and Ginger Shimp, Global Content Lead for Industries & Sustainability at SAP. The show will also showcase notable authors such as Luis Bravo Martins (Metaversed: See Beyond The Hype), Wagner Au (Making a Metaverse That Matters: From Snow Crash & Second Life to A Virtual World Worth Fighting For) and Leslie Shannon (Virtual Natives: How a New Generation is Revolutionizing the Future of Work, Play, and Culture), generously sponsored by Skolay. Together, the line up of speakers and exhibitors will provide a tremendous resource for attendees interested in spatial computing and AI. Xcyte Digital will debut a beta version of its new intelligent AI based event support concierge service provided by life-like avatars located throughout the show. Attendees are encouraged to use these services to help navigate the show and optimize their experience. For further information and registration details, please visit https://metaversebusinessconference.com/. Xcyte Digital also announced that it will produce the inaugural Pitch Fest at the Metaverse Spectrum Business Conference and Expo on Thursday, December 7, 2023. Over 25 innovative companies in the AI, VR, Web3, and AR industries will pitch their businesses to venture capital firms, investment banks, private investors, and angel investors. The companies presenting at Pitch Fest are FOUNDAT, Hello3dworld, Sparsa AI, Dropkey, Panoram AG, Virtual Round Ballers, Shotam, Cryptomate, Thinakble, sosha.ai, Bond500, MidPay AI, Human Creator Alliance, Mindsage, Metaseat, ShivaTec Internacional, 18004heaven, Truescope, Appalachia Impact Gaming, Warpme.io, Xcyte Digital, Khaotic Gaming, Travel Advances, Collimation.tv, Cross Metaverse Avatars, Simul and Posh Multiverse/Ballin in the Metaverse. Notable investors attending Pitch Fest are SC Ventures, Focus Investment Banking, Spouting Rock Asset Management, London Real Ventures, and Newbridge Securities Corporation, among many others. The Pitch Fest Keynote will be delivered by Costantino Roselli, Founder & CEO of NTZNS. The Pitch Fest will take place within the Metaverse and is proudly sponsored by NewsDirect, a leading provider of news distribution and media monitoring services. Randy Selman, CEO of Xcyte Digital, will be presenting at the Pitch Fest at 11:00AM Eastern Time on Thursday, December 7, 2023. This collaboration event exemplifies the growing interest and support from key industry players in the potential of AI, spatial computing and the metaverse. For further information and registration details, please visit https://metaversebusinessconference.com/pitch-fest/. Finally, the Metaverse 100 awards ceremony will be held on Wednesday, December 6, 2023, and will recognize groundbreaking products and services that embody raw innovation, unique features, and remarkable contributions to the advancement of AI and spatial computing technology. Award categories include Artificial Intelligence, Augmented Reality, Virtual Reality, Metaverse and Web3. The Awards are not limited to the best-selling products; rather, they recognize those that challenge the status quo, offer fresh perspectives, and deliver exceptional results in the industry. The winners will be chosen by a panel of esteemed industry judges that are experts, thought leaders and prominent figures in the digital, AI, and Web3 sectors. About Xcyte Digital Inc. Xcyte Digital (TSXV: XCYT) is a spatial computing event technology aggregator and developer providing a high value, cost-effective, multi-platform subscription service to host online virtual and immersive events. Xcyte was formed in 2022 through an amalgamation of operating businesses & assets in the virtual & immersive event sectors. The Company went public on the TSX Venture exchange on November 15, 2023. Based in Fort Lauderdale, FL, Xcyte has operations in London, UK, Charlotte, NC and Union, NJ. Xcyte provides immersive event technology, virtual event technology and event support services. Visit us at xcytedigital.com Forward-Looking Information Certain statements in this news release are forward-looking statements and are prospective in nature, including statements with respect to the Acquiror’s future intentions regarding the securities the Issuer. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Such forward-looking statements should therefore be construed in light of such factors, and the Acquiror is not under any obligation, and expressly 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 applicable law. For further information, please contact: Xcyte Digital Corp.Randy Selman, Chief Executive Officer and DirectorPhone: (647) 777 7501Email: investment@xcytedigital.com Investor RelationsNikhil Thadani, Sophic CapitalEmail: nik@sophiccapital.comPhone: (647) 777 7501 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE: Xcyte Digital Corp.via PRISM Mediawire, LLC View source version on accesswire.com: https://www.accesswire.com/812859/xcyte-digital-produces-second-metaverse-spectrum-business-conference-and-launches-inaugural-pitch-fest
Virtual Event Services Provider Xcyte Digital Begins Trading on the TSX Venture Under the Ticker XCYT
POMPANO BEACH, FL / ACCESSWIRE / November 15, 2023 / Xcyte Digital Corp. (TSXV:XCYT) (“Xcyte” or the “Company”), a spatial computing event technology aggregator and developer providing a high value, cost effective, multi-platform subscription service to host online events, announces that it has begun trading as a public issuer on the TSX Venture Exchange (“TSX-V”) under the symbol XCYT. “Completing our TSX Venture listing and our recent oversubscribed financing represents a significant milestone in the Company’s evolution,” said Xcyte Digital CEO Randy Selman. “We look forward to engaging Canada’s capital markets and investor community as we continue to grow our business. On behalf of the team at at Xcyte Digital, I’d like to thank the TSX Venture as well as our current and new investors, especially those who participated on our last financing, for their support.” The Company will participate in a TSXV market opening ceremony on November 20th, 2023. Engagement of Native Ads Inc. On November 15th, Xcyte engaged Native Ads Inc. to execute a comprehensive digital media marketing campaign for the Company. This programmatic digital advertising campaign will run for an initial phase of up to six months period at a cost of approximately US$50,000 and is to include content creation, web development, media buying and distribution, advertising creative development, campaign reporting and optimization. About Xcyte Digital Inc. We understand our client’s needs, and we always put them first – no matter the size or complexity. Our clients trust us to provide creative solutions for their most complex challenges, to execute professional and flawless events, and to do this while exercising extreme discretion when necessary. It’s all part of our service commitment. We deliver a higher standard of ingenuity, quality and professionalism and offer world-class technical expertise to support our customer’s challenging needs. We partner with our clients to produce smooth and engaging online events that inspire their attendees. Our technology portfolio, level of service, industry experience, attention to detail, and anticipation of challenges are the primary reasons we maintain long term relationships with our customers. We invite you to partner with us on your next event. We guarantee your audience and stakeholders will be impressed. Visit us at xcytedigital.com Forward-Looking Information Certain statements in this news release are forward-looking statements and are prospective in nature, including statements with respect to the Acquiror’s future intentions regarding the securities the Issuer. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Such forward-looking statements should therefore be construed in light of such factors, and the Acquiror is not under any obligation, and expressly 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 applicable law. For further information, please contact: Xcyte Digital Corp.Randy Selman, Chief Executive Officer and DirectorPhone: (647) 777 7501Email: investment@xcytedigital.com Investor RelationsNikhil Thadani, Sophic CapitalEmail: nik@sophiccapital.comPhone: (647) 777 7501 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE: Xcyte Digital Corp. View source version on accesswire.com: https://www.accesswire.com/803449/virtual-event-services-provider-xcyte-digital-begins-trading-on-the-tsx-venture-under-the-ticker-xcyt