Press release
I would like to start by highlighting how well our German consulting business is doing. We have recently set our financial goal for 2024 at
Below I thought I would touch on several important work steps that are going on in edyoutec and thus remind all our current and future owners about the status of our IPs. We have previously been clear that the investments made in 2023 should now bear fruit. By signing publisher agreements with both MAF and 2tainment, we have left the investment-heavy period behind us and now expect to see income from our IPs.
The game has entered an increasingly intensive monetization phase. Publisher MAF works actively on a daily basis to increase the number of users. The initial test launch has shown very strong KPIs, which has been noticed both by us and MAF. Supported by these positive results, MAF has chosen to broaden the marketing campaigns. These are ongoing at the time of writing and we follow developments daily. We look forward to seeing the game's high potential being realized.
Tank Operations
Tank Operations is now in a 1.0 version on STEAM and it includes a number of structural improvements requested by the game's community. For our publisher, 2tainment, it is important that the game reaches a larger group of users and thereby get initial feedback. Marketing and strategies now rest in the hands of 2tainment, in which we have full confidence. The updated 2.0 version of Tank Operations is scheduled for release in
We are working to finalize the acquisition of the
License generating platforms - Rail Experience and AppLeMat
In addition to our traditional consulting business within Edtech, which forms our foundation, we have two proprietary license-generating platforms.
Rail Experience is complete and ready to be launched in Q2 2024. The platform is based on a license-based revenue model. The goal is for at least 600 students to use the platform and pay a monthly license fee of
AppLeMat is being developed together with
Concluding remarks
Our subsidiaries in
The goal is 32 million in turnover with an EBITDA of
Finally, I would also like to add that we have activated Cricket Manager Pro on both the Appstore and Playstore. This is completely in line with our strategy of actively looking at finding a publisher and that a requirement from publishers is that they must be able to test the game. Both the IPL (
For further information, please contact:
E-mail: eric@edyoutec.com
Phone: +46 70 780 52 00
About edyoutec
edyoutec is a Swedish company in games and digital education that consists of two verticals, EdTech and games. In the EdTech vertical, the company focuses on developing products in genres such as game-based learning and Serious Games, it is in these areas that edyoutec has identified the greatest synergies between the company's two verticals. In the Games vertical, the business concept is based on developing and distributing free-to-play ("F2P") mobile games for Android and iOS.
For more information, see edyoutec's website www.edyoutec.com
https://news.cision.com/edyoutec-ab/r/edyoutec---operational-update-march-2024,c3947462
https://mb.cision.com/Main/20666/3947462/2675742.pdf
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