Alpha Metaverse Technologies Signs Partnership with GEMS

VANCOUVER, British Columbia, June 21, 2022 (GLOBE NEWSWIRE) – – Alpha Metaverse Technologies Inc. (CSE: ALPA) (FSE: 9HN0), (OTC PINK: APETF) (“Alpha” or the “Company”) an innovation organization that spotlights on developing business sectors in esports, portable gaming, internet business, blockchain, and high learning experiences, is satisfied to report it has marked an organization with GEMS Technology LTD (“GEMS”) to use Alpha’s Gaming as a Service (“GaaS”), Mana.

Alpha’s GaaS, Mana, offers a completely adaptable white name competition motor that permits associations and brands to send off their own gaming stages without financing mechanical or backend frameworks. Mana completely upholds Web3 resources like digital forms of money and “Play 2 Earn” games. Mana gives the innovation, the backend, revealing, and more while associations and brands will possess the client experience in their application or potentially site. Mana permits the Company to give gaming content on a persistent income model.

“The development and now successful sales of Mana is an important milestone for Alpha, as it provides the company with recurring revenue, strong partnerships and significant upside user growth,” expressed Brian Wilneff, CEO of Alpha. “We are eager to assist GEMS with turning into a world driving Web3 esports competition platform.”

“We are very excited to be working along with Alpha and using Mana to build out our own successful esports tournament engine,” said, GEMS CEO Andy Koh. “Mana will be used to build and grow our tournament engine and incorporate our web3 assets. We will be utilizing our cryptocurrency and developing our ‘Play 2 Earn’ games.”

About Alpha Metaverse Technologies Inc.

Alpha Metaverse Technologies Inc. is a technology company that focuses on emerging industries in Esports, mobile, console and web-based gaming, ecommerce, and other high growth opportunities such as augmented reality / virtual reality Web3 and Blockchain-based businesses. Through a strong portfolio of technology assets and products such as GamerzArena and HeavyChips, Alpha brings a unique mass-appeal focus to modern gaming platforms. Learn more at: www.alphametaverse.com

Contact:
Investor Relations: ir@alphametaverse.com – 604 359 1256
Media and Public Relations: media@alphametaverse.com

On Behalf of The Board of Directors
Brian Wilneff
Chief Executive Officer

Forward-Looking Statement
This news release contains “forward-looking information” within the meaning of applicable securities laws relating to statements regarding the Company’s business and plans, including with respect to undertaking further acquisitions, incorporation of Shape’s abilities into the Company’s portfolio of gaming solutions, cross-selling across business units, development of further gaming intellectual property and metaverse gaming experiences, future value of the metaverse industry and the Company’s ability to position itself to capitalize on the metaverse industry. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, the risks that the Company does not complete any further acquisitions; that the Company is unable to incorporate Shape’s abilities into its portfolio of gaming solution; the Company’s inability to cross-sell across business units; the risk that the Company is unable to develop further gaming intellectual property and metaverse gaming experiences; the risk the future value of the metaverse industry does not materialize; the risk the Company is unable to position itself to capitalize on the metaverse industry; and that the Company may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct and makes no reference to profitability based on sales reported. The statements in this news release are made as of the date of this release.

The CSE has not investigated, endorsed, or objected the substance of this press release