YDreams Global Signs First Arkave VR Deal in the U.S. with Andretti Indoor Karting & Games

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(TheNewswire)

VANCOUVER, B.C. / TheNewswire / November 28th, 2018 – YDreams Global Technologies Inc. (TSX-V: YD) (“YDreams” or the “Company”) a leading designer and developer of augmented and virtual reality experiences, today announced that the first U.S. installation of its Arkave VR platform will be at Andretti Indoor Karting & Games located in Marietta, Georgia. The 100,000 sq. ft facility features high-speed super-karts, multi-level European-style tracks, state-of-of-the-art arcade, XD motion theater, professional VR racing simulators.

The Andretti team had a firsthand demonstration of the Arkave VR in Orlando Florida while attending the IAAPA Conference in mid-November and came away extremely impressed by the experience. Discussions advanced quickly, and the two sides signed the agreement shortly after the conclusion of the conference.

The installation will mark the first U.S. Family Entertainment Center (FEC) deal for Arkave VR, which was officially released earlier this month. The Arkave VR Arena will be installed in time for the Holiday Season.

 “There are very few companies that understand the value of high-volume, intense entertainment for consumers in a family setting, and Andretti Indoor Karting immediately saw the potential for Arkave VR in their facilities,” said Daniel Japiassu, CEO of YDreams Global. “We want to grow this next-generation VR experience with Andretti Indoor Karting & Games, as they open more locations across the U.S.”

“We are always seeking the next wave of entertainment for our centers, and with multi-user VR, we wanted something that was not as strenuous as back packs for our customers, and we also sought a company that had the design capabilities to help facilitate VR on a long-term basis,” said Lee Pitts, CEO of Andretti Indoor Karting. “We have seen the future of FEC entertainment, and it is clearly an immersive, VR-driven experience. YDreams captivates the imagination of the VR consumer and understands how to create a fun experience that is repeatable.”

“The early reactions to Arkave VR from both hard-core gamers and casual gamers has been tremendous, and we continue to make necessary modifications to the platform,” said Francisco Chaves, head of Arkave VR. “The U.S. market offers a wide range of opportunities for Arkave VR, and our relationship with Andretti is the first step on this journey.”

 

About Andretti Indoor Karting and Games

Andretti Indoor Karting & Games is headquartered in Roswell, GA and was established in 2001. Our 100,000+ sq. ft entertainment and event centers feature high-speed super-karts, multi-level European-style tracks, state of the art arcade, XD motion theater, professional VR racing simulators, high level ropes course and attractions such as cosmic rock wall, zip line, laser tag and bowling.

Each location is also home to The Andretti Grill, a made from scratch restaurant/bar delivering fresh, American favorites with a Brick Pizza Oven and XXL Big Green Egg and capabilities to serve our 10,000+ square feet of event and meeting space. Locations are currently open in Roswell, GA, Marietta, GA, Orlando, FL and San Antonio TX. More locations are planned.

For more information, please visit www.andrettikarting.com.

 The company also owns and operates the Andretti Thrill Park in Melbourne, Fla. This outdoor park opened in 1999, and features five go-kart tracks, miniature golf, laser tag, rock wall, ropes course, family spinning coaster, batting cages, Andretti Challenge super-karts, paddle boats, kiddie rides and the largest arcade in the space coast.

For more information please visit www.andrettithrillpark.com. Since 1999, the Andretti facilities have entertained more than 20 million guests.

 

About YDreams Global

YDreams Global Interactive Technologies Inc. (www.ydreamsglobal.com) is a technology company with offices in Vancouver, São Paulo and Rio de Janeiro. that combines Augmented and Virtual Reality Technology, Design and Intelligence to respond to the challenges and demands of today’s users and consumers.

The YDStudio division works as a partner for companies and brands to reframe their strategy through relevant human-centered ventures that integrates digital experience with physical presence and venues. YDStudio anticipates future challenges and connects them with the needs of the market, building innovative concepts and delivering them with international excellence.

YDreams Global´s Studio have developed over 1,300 projects for clients all over the world, such as Disney, NBA, Adidas, Cisco, Nokia, Nike, Mercedes Benz, Coca-Cola, Santander, AmBev, Qualcomm, Unilever, City of Rio and Fiat.

Beyond the YDStudio division that works in a project based industry, the Company has launched the product Arkave VR, a gaming arena that brings the most immersive experience of Virtual Reality with a highly scalable business model.

Arkave VR has a flagship store in Brazil and is being expanded to the United States and Canada through a network of distributors that will focus on the thousands of Family Entertainment Centers that exist in North America and are in constant search for innovative attractions.

More Information:

Daniel Japiassu

Director and Chief Executive Officer

[email protected]|www.ydreamsglobal.com|www.youtube.com/ydreamsglobal

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This communication contains “forward-looking statements” within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact herein, including, without limitation, statements regarding our current and future plans and objectives, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and future events and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations as well as a list of risk factors that we deem relevant are disclosed in the documents we file from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound. Forward-looking statements are based on our current assumptions, estimates and opinions and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. We do not undertake any obligation to update forward-looking statements should our assumptions, estimates or opinions change, other than as required by law and readers are advised not to place undue reliance on forward-looking statements.

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward‐looking statements”.  Forward‐looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions.  The Company cautions readers that forward‐looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward‐looking statements.

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