VANCOUVER, BC / December 20, 2016 / YDreams Global Interactive Technologies Inc. (TSX-V: YD) (FSE: APYYD) (“YDreams Global” or the “Company”), a creative and technical supplier for Fortune 500 brands such as Cisco, Qualcomm, and Intel, as well as the Government of Rio de Janeiro, is extremely pleased to announce that YDreams Global has retained the acclaimed international law firm of Foley & Lardner LLP (“Foley”). With 900 partners in 20 offices throughout the U.S. and across the globe, Foley is recognized for delivering exceptional service, thought leadership and value to clients in technology, private equity, venture capital, healthcare, life sciences, energy, IP and litigation. It combines its powerful national resources with a local focus to deliver award-winning business and legal insight.
YDreams Global is pleased to be working directly with two Foley partners: Mr. Robert DuPuy and Mr. Peter Eccles. Mr. DuPuy brings more than three decades of broad legal experience to his clients, including his tenure as chief legal counsel and as president and chief operating officer of Major League Baseball. He is a member of the firm’s Sports Industry Team.
Mr. Eccles has spent much of his career advising clients on cross-border transactions involving Brazil, where he lived as a youth. He has worked as both outside and in-house counsel to U.S. and international clients on a wide range of issues involving investments in emerging markets throughout Latin America, Asia and Africa. He also advises Brazilian clients on their investments in the United States and in other jurisdictions. Mr. Eccles is a member of the firm’s Private Equity and Venture Capital Practice which represents technology companies and entrepreneurs from early-stage to IPO, as well as venture and private equity funds, institutional investors and multinational companies.
YDreams Global wishes to announce that the Company has started discussions with professional sports teams. It is the Company’s intention to push into the major league sports sector during 2017. Daniel Japiassu, CEO of YDreams Global, states, “YDreams is focused on providing virtual reality situations that blend fan immersion as well as team and brand loyalty through virtual reality experiences. Sports, and more specifically fan interaction, are a perfect stage for the virtual reality future, and we are striving to be an emerging player in this massive growth segment. The engagement of Foley & Lardner LLP will greatly assist YDreams in working towards this goal.” At this stage no deal has yet been finalized.
On December 8, 2016, YDreams Global announced it was contracted to use its Virtual Reality (“VR”) technology in the United States. The first project sold in the United States was released December 11th in New York City. “Our goal for 2017 is to accelerate our virtual reality growth strategy in North America, focusing on our fortune 500 relationships in place already. We are extremely pleased upon closing our first project in the United States and we feel this is a great sign that the US Market is primed for the rapid and scalable international expansion of YDreams Global” declared Mr. Japiassu.
Recently (December 1, 2016), the Company announced a plan to create a virtual reality platform to be used by the military and other government agencies such as police departments, fire departments and emergency medical services that could use VR as a training experience. By using this technology for training, for example, the military, police and fire services would be able to experience accurate real-life situations that would be impossible to replicate in physical world exercises.
The same technology will be adapted to be used by the general public with the focus on the entertainment and gaming industries.
The Company has granted 1,000,000 incentive stock options to consultants of the Company at an exercise price of $0.25 per share for a two year term. The options have been granted in accordance with the Company’s rolling stock option plan.