Virtual Interactive Technologies Corp (OTC VRVR) 03/16/2022

Friday, January 21st, 2022 @ 8:49PM

VRVR is a multi-platform video game production, publishing, and technology company.

VRVR has five revenue producing video game titles and several more in development, including a multi-year, multi-game agreement with Duane “Dog” Chapman, aka “Dog the Bounty Hunter.”

Company Summary

VRVR finances the development of video game projects to be release on various popular gaming platforms with an emphasis on mobile gaming, virtual reality, and other new and emerging gaming technologies.

The Company teams up with existing game developers as well as offering its own expertise in development solutions, publishing, and marketing products. They are constantly engaged in finding ways to reinvest their royalty income streams to grow their royalty contracts and intellectual property in the video gaming industry.

VRVR is likely to trade at very high SaaS revenue multiples that often exceed 10x sales.

Key Metrics @ 03/16/2022

Closing Price	$2.57
52 Week Range	$1.10 to $3.45
Shares Outstanding	6.96M
Shares Held at DTC	370,947
% Held by Insiders	22.45%
Shares Authorized	90M
Average Daily Volume:	~1,000
Market Cap	$18.78M
Reporting Status	SEC Fully Reporting
Financials	Audited
Most Recent Filing: 10-Q for 12/31/21	Filed: 02/14/2022
Fiscal Year-end	09/30

(Source: OTC Markets, Yahoo Finance, SEC filings)

Corporate News

“Dog the Bounty Hunter” Signs with Virtual Interactive Technologies to Develop Multiple Video Games Around His Persona

Denver, CO (GLOBE NEWSWIRE) — Virtual Interactive Technologies Corp., (OTC: VRVR), a multi-platform video gaming company, is pleased to announce that it has signed a multi-year, multi-game agreement with a production entity representing Duane “Dog” Chapman, aka “Dog the Bounty Hunter”.

VRVR will develop and market a line of video games using Mr. Chapman’s name, image, and likeness in connection with the advertisement, promotion, and sale of the video games. For more than a decade, Mr. Chapman has entertained his fans with multiple hit television series. In addition to capturing over 10,000 fugitives in his career, he has also captured millions of followers on social media.

VRVR will team with Mr. Chapman to bring exciting and engaging titles to the video gaming market in the coming months and years and will leverage his social media and other public relations resources to bring awareness to the games.

Mr. Chapman said, “After years of sharing my life on television, I’m thrilled to bring my many stories and experiences to the video gaming environment.” He also commented, “I’m delighted to be working with Virtual Interactive Technologies and their experienced team.”

Click on above link to read the rest of the story

Virtual Interactive Technologies Corp. Announces Hiring of Industry Veteran Peter Chiodo

Denver, CO, Dec. 28, 2021 (GLOBE NEWSWIRE) — Virtual Interactive Technologies Corp., (OTC: VRVR), a multi-platform video gaming company is pleased to announce the hiring of Peter Anthony “Tony” Chiodo as VP of Business Development and Gaming Concepts.

Mr. Chiodo has 30+ years of experience in the video gaming space including Award-winning Product Development and UX/UI Director, Product Manager and Designer, Certified Change Management Practitioner (Prosci), Product Development Director and Internal Studio Manager.

Mr. Chiodo has worked for a number of companies in the gaming space including Microsoft Corporation (Xbox) (NASDAQ: MSFT), Destineer Games, WGU, Soul and Vibe Entertainment, Inc./Soul and Vibe Publishing, Inc., and Progressive Leasing (Fin Tech). He has also consulted several video gaming companies including Victura (Six Days in Fallujah), MEGU Games.

Click on above link to read the rest of the story

Virtual Interactive Technologies Corp. Provides Report on Company Progress

Denver, CO, Dec. 14, 2021 (GLOBE NEWSWIRE) — Virtual Interactive Technologies Corp., (OTC: VRVR), a multi-platform video gaming company shares update on the Company and its focus moving forward.

VRVR has financed several video game titles, all of which remain within our portfolio. Those titles include: Carmegeddon MaxDamage, Carmageddon Crashers, Interplanetary Enhanced Edition, Worbital, and Catch & Release. VRVR maintains royalty rights to the Carmageddon titles which are available on several platforms. Worbitol and Interplanetary are both available on the Steam digital distribution platform. Catch & Release is a highly rated Virtual Reality based fishing game also available on Steam.

VRVR is currently moving forward on bringing additional titles to the gaming marketplace.

Click on above link to read the rest of the story

Market Drivers

69 billion video game players worldwide and 1.75 billion monthly mobile gamers
Proliferation of mobile phones huge boost to video gaming industry
$120 Billion mobile games market and growing rapidly
Mobile games are ~3X larger than both console and PC gaming
Blockchain technology via crypto’s & NFT’s create enormous new revenue opportunities
E-sports gaming becoming huge new category

Sources: FinanceOnline, GameAnalytics, App Annie, Taylor 2020

Corporate Drivers

Lean corporate overhead with virtual staffs and contract designers/programmers
Multiple strategic partnerships with up & coming game development companies
Recurring royalties from four game titles and direct revenues from Catch & Release, a virtual reality game, highly rated on the Stream.com sales platform
Leveraging relationships with partners in NFT’s, Crypto gaming, VR, AI, E-sports and Augmented Reality
Development experience in PC, Console, Mobile & Virtual Reality categories

Bright Future

Teaming up with Duane “Dog” Chapman, aka “Dog the Bounty Hunter” to develop multiple games centered on his bigger than life persona
Potential to leverage Dog’s millions of social media followers & fans throughout the world
Developing mobile version of the very successful game, Catch & Release, with options to use crypto currencies for in-app purchases
Looking at several projects in “Augmented Reality & E-sports Gaming space with strategic partners

Five Reason to Invest in VRVR today!

Experienced management team & world-class advisors plus strong strategic partners
Nimble corporate structure with outsourced coding & developments keeps over-head expenses low
Existing game portfolio generating revenues… EBITDA positive
Tight cap structure and low number of shares held at DTC – minimal selling headwinds
Stock trading in the middle of 52-week range suggesting a potential upside of 150% in share price with a lot more positive movement as new game revenues hit the top line

Interested investors can find out more about Virtual Interactive Technologies Corp. (OTC VRVR) on the Company’s website at www.vrvrcorp.com or by contacting:

Bruce Nurse – Investor Relations
(303) 919-2913
[email protected]

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Bottom Line Observation

VRVR seems to be well positioned for a upward movement in the short term… it’s trading in the middle of its 52-week range…and has multiple market and corporate catalysts that could drive the share price higher in the next 12-18 months… especially:

The multi-year, multi-game agreement with “Dog the Bounty Hunter” who has:

750,000+ Twitter followers
4.2 million Facebook followers
A world-wide fan base to whom the games can be promoted

Interested investors might want to keep VRVR on their radar screens or even start building a position in the shares before these new games hit the market and revenues potentially skyrocket.

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