Evaluating Blockchain Technology and Cryptocurrency Uses for its Mobile Gaming and App Portfolio
Significant Developments Planned for 2018
TAMPA, FL, Jan. 04, 2018 (GLOBE NEWSWIRE) -- Arias Intel Corp. (OTC PINK:ASNT), (the "Company"), a technology, media and mobile gaming platform, is pleased to report its year-end update for 2017 and significant developments planned ahead for 2018.
“2017 was a pivotal year in the Company’s development,” said Kevin Gillespie, Chief Executive Officer. “I am pleased to share with you some of the highlights from last year and report the Company has made significant progress toward monetizing its technology moving forward in 2018.”
During 2017, the Company’s development team evaluated utilizing blockchain technology within its apps. The Company has had preliminary discussions with a leader in the cryptocurrency technology space about integrating a proprietary cryptocurrency incorporating blockchain technology, smart contracts and an established mobile wallet system under one platform for subscribers and users of the Company’s mobile gaming and app portfolio.
The Company believes leveraging blockchain technology solves payment and security issues, especially for legal cannabis dispensaries implementing the Company’s Ufly on-demand delivery app for medical marijuana. The decentralized ledger and smart contracts within the blockchain allow for greater compliance and supply chain verification, as well as solves banking issues surrounding the cannabis industry. The Company expects this will allow dispensaries to operate in a safer environment without handling cash, increase business and overall customer satisfaction.
In August, the Company announced the development of its proprietary Ufly delivery app. This platform is similar to an UberEATS-style model, providing on-demand legal medical cannabis delivery to qualified patients. The logistics-based app connects an authorized medical cannabis user to a selection of local medical cannabis dispensaries in designated cities using their smartphone to select and place medical cannabis orders. The Company announced in December it had entered into an agreement with MarijuanaDoctor.com to provide its qualified patients with access to its Ufly on-demand delivery app.
Learn more about the Ufly via this short demo video, (Password: flywithus).
In July, the Company acquired the intellectual property rights and gaming software from Interactive Systems Worldwide, Inc., including its SportXction® system. The SportXction system is a proprietary, real-time, interactive software system which allows a user to make play-by-play wagers on a sporting event while the event is in progress. The Company’s development team has been exploring ways to assimilate this technology into a line of mobile gaming apps and create revenue opportunities through licensing and sponsorship relationships.
The Company’s mobile game, Hemp Inc, was highly rated on the App Store during 2017, achieving a #1 ranking during the year for strategy games in several countries. The Company will also be expanding its portfolio of mobile games with the launch of new titles in 2018 in the gaming genres of strategy, social casino, match/puzzle, and racing games, incorporating virtual reality technology into some of these new titles. According to the New Zoo Global Games Market Report, the global mobile gaming market is expected to grow approximately 14.3% to $52.7 billion in revenues in 2018.
In December, the Company changed its name to Arias Intel Corp. from First Harvest Corp. to better reflect its focus on developing innovative technologies that leverage connectivity, distribution and social networks.
“We believe the new name better articulates our plan to build a digital media platform for tech, media and gaming,” said Mr. Gillespie. “Our goal is to continue to create value in the Company through the commercialization of technology and develop long-term value for our shareholders.”
The Company believes its digital platforms are entertaining, convenient and scalable. The goal for 2018 is to build the Company’s subscriber base through engagement in multiple mobile games and apps to a targeted demographic and gather analytics to direct products and advertising to users based on their preferences. The Company plans to integrate its proprietary cryptocurrency for use across its portfolio of mobile games and apps.
About Arias Intel Corp.
Arias Intel Corp. is a digital media platform for tech, media, and gaming, which includes mobile apps and gaming, augmented and virtual reality, on-demand delivery, digital and social media, and e-commerce. The Company plans to generate revenue through in-app purchases, service fees, and cross-channel advertising.
The Company's focus is on developing innovative technologies that leverage connectivity, distribution, and social networks. The Company intends to use its digital platforms to implement its unique marketing strategy that empowers viral and social mechanisms to reach a growing demographic that utilizes: (1) mobile apps and gaming, (2) social media, and (3) on-demand delivery. The Company believes its platforms are entertaining, convenient, and scalable.
By combining these three fast growing business sectors -- mobile apps and gaming, social media, and on-demand delivery, along with our experienced development team led by the former EVP of Activision, management believes the Company's business platform can develop into a premier technology medium that attracts, engages, and monetizes.
The Company intends to use its platform to build its subscriber base and boost users' engagement within its digital platforms to gather analytics and target advertising directly to users based on their preferences. The Company is also exploring opportunities to expand a suite of mobile games and apps that target similar audience demographics. The Company may explore these opportunities through the acquisition of operating companies, asset purchases or internal development.
For more information, please visit: www.AriasIntel.com
Contact Information
Arias Intel Corp.
(877) 749-5909
info@AriasIntel.com
Hayden IR
(917) 658-7878
hart@haydenir.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the U.S. Securities and Exchange Commission ("SEC"). The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as "anticipate," "believe," "forecast," "estimated" and "intend," among others. The achievement or success of the matters covered by such forward-looking statements involves significant risks, uncertainties, and assumptions. Investors should read the risk factors set forth in the Company's Annual Report on Form 10-K and other filings with the SEC. All of the Company's forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date hereof.