-Management supported takeover with Money Line Sports will bring new streaming sports platform and wagering with block chain technology to ZeU Technologies subsidiary

MONTREAL, QC / ACCESSWIRE / May 6, 2021 / Money Line Sports Inc. today announced that it has signed an agreement with Zeu Technologies Inc., a publically traded company on the CSE and OTC exchange. The acquisition agreement allows for ZEU to acquire 100% of the shares in Money Line Sports Inc. as a wholly owned subsidiary. Founded in 2019 and launching in 2021, Money Line Sports, an Ontario based company is uniquely positioned within the European markets to provide premium streaming sports content and wagering technology for sports bettors in legal jurisdictions. Money Line's sports media platform provides an enhanced experience for its users through original sports live stream content, premium events, live odds feeds and proprietary betting tools and data. Money Line's diverse revenue model includes a subscription based pay for view model and rapidly-growing affiliate marketing business focused on customer acquisition for betting operators in the Europe and additional jurisdictions as well as sports and casino wagering with the Company's exclusive digital currency partner "Bettor COIN" (BTUSD) and a loyalty rewards token Bettor BUX (BUX) recently approved on the Etherium block chain.

The Transaction

The Agreement provides that ZeU will acquire 100% of the issued and outstanding securities of MoneyLine, though a wholly owned subsidiary ("ZeU Sub") for consideration of $1,501,500 paid as to $1,500,000 in the form of unsecured convertible debentures (the "Convertible Debentures") of ZeU Sub and the issuance of 1,500,000 non transferable ZeU Share purchase warrants (the "ZeU Warrants") of ZeU, each entitling the holder to acquire one (1) ZeU Share at a price of $0.91 for a period of 24 months from the closing of the Transaction (the "Closing Date").

The principal amount of the Convertible Debentures will bear interest at a rate of 6% per annum from and including their date of issue until the earlier of their date of conversion and the date which is 48 month from the Closing Date (the "Maturity Date"), and will be redeemable at any time until the Maturity Date.The principal amount of the Convertible Debentures together with the accrued interests will automatically convert in common shares of ZeU Sub on the earlier of: (i) the Maturity Date; and (ii) a liquidity event, at a conversion price equal to the higher of: (a) $1.50; and (b) the last financing price of ZeU Sub.

The Convertible Debentures holders will also have the option at any time after the Closing Date and prior to the earlier of: (i) the Maturity Date, and (ii) a liquidity event, to convert all of the principal amount together with accrued interest into ZeU Shares at a price equal to the higher of: (a) $1.00; and (b) the 5 days vwap of the ZeU Shares. The ZeU Shares issued pursuant to the Transaction, and upon any conversion triggered by the Convertible Debentures holders, will be subject to subject to regulatory resale restrictions.

Conditions

The Transaction completion is conditional on several conditions including completion of a definitive agreement, final due diligence, MoneyLine minority shareholders' approval and CSE approval and is expected to be completed in Q2 2021.

The Market

While the US sports betting market has grown rapidly since the repeal of the Professional and Amateur Sports Protection Act (PASPA) removed a federal ban on online gambling, only 13 states have legalized online gambling at this point. Many more are expected to follow in the coming years, with the addressable market significantly expanding as a result. Total online sports betting revenues in the US are forecasted to reach 4 BILLION USD in 2022 and amount to nearly 40 Billion USD in 2033*.

Money Line will become an integral part of ZeU and will continue to operate as a separate business unit with its current management team, and employees, led by CEO Frank Dumas. Money Line will integrate with ZeU's current organization where relevant in order to generate efficiencies and additional revenue streams through subscription based sporting events, wagering and digital transaction fees through the block chain.

"The timing could not be more perfect as we have recently seen a dramatic change in legislation in favor of online wagering within the US. Companies including Draft Kings, Fan Duel, MGM among others have recently been licensed to enter the online sportsbook and wagering markets within multiple legal state jurisdictions, and are now actively advertising online wagering and sportsbooks during national sporting event broadcasts", stated B. Michael Friedman, Founder of Money Line Sports. We are extremely enthusiastic about this opportunity and access to the public markets through this transaction with ZeU. This move will quickly solidify Money Line's unique value proposition within the gaming sector providing subscription based live streaming sports, wagering in legal jurisdictions and the use of block chain digital currency "Bettor COIN" and Bettor BUX (BUX) to improve KYC, AML and reduce credit card fraudulent transactions" further stated B. Michael Friedman, Founder of Money Line Sports Inc..

"We are very happy to be entering into one of the most rapidly growing and up trending sectors in the public markets today.", stated Frank Dumas, CEO of ZeU. "Money Line Sports possesses some of the most cutting-edge licensed gaming and wagering applications and concepts available today. This acquisition adds immediate strategic and financial value to our existing portfolio of block chain assets making this both a meaningful and synergistic relationship which will allow us to accelerate the creation and monetisation of next generation gaming technology" further stated Mr. Dumas.

* Data from Vixio and Goldman Sachs

About MoneyLine Sports Inc.

Founded in 2019, and launching in 2021, Money Line Sports is uniquely positioned within the online gaming sector through its unique licensed platform to provide premium streaming sports content and wagering for sports bettors within legal jurisdictions. Money Line's sports media platform provides an enhanced experience for its users through original sports live stream content, premium insights, live odds and proprietary betting tools and data. Money Line's diverse revenue model includes a subscription based pay for view model and rapidly-growing affiliate marketing business focused on customer acquisition for betting operators in the Europe and additional jurisdictions as well as sports and casino wagering through the Company's digital currency "Bettor COIN" approved on the Etherium Block chain under the symbol BTUSD.

About ZeU

ZeU is a forward-thinking Canadian technology company that has developed a state-of-the-art blockchain protocol, providing the foundation for the next-generation of encrypted and distributed networks. Thanks to its high level of sophistication, ZeU's technology maximizes transparency, security and scalability as well as big data management. ZeU's strategy is to monetize blockchain transactions in diverse sectors such as payment, gaming, data, and healthcare.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the timing for launching a new integrated offering in the U.S. market, expectations regarding the integration process, anticipated revenue synergies and the position of the combined company to drive long-term shareholder value, as well as statements that include the words "expect," "intend," "plan," "believe," "project," "forecast," "estimate," "may," "should," "anticipate" and similar statements of a future or forward-looking nature. These forward-looking statements are based on management's current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update or revise any forward-looking statements for any reason, except as required by law.

Contact:

Money Line Sports
info@moneylinesports.tv

SOURCE: MoneyLine Sports, Inc.

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