By: Matt Rego
Social gaming developer, Golden Galaxy Group, Inc. (OTC Pink: GMGI) is having an explosive rally early in the trading session on Tuesday, July 19, 2016. Golden Matrix Group, Inc. (OTC Pink: GMGI) has seen average daily volume of around 1.26 million shares, over the past three months. However, around 11.26 million or $168,900 in dollar volume has already exchanged hands during the early hours of trading Tuesday.
The big rally comes after Golden Galaxy Group, Inc. (OTC Pink: GMGI) announced they had entered into a distribution agreement with C. Yang Technology Group to bring Golden Galaxy Group, Inc. (OTC Pink: GMGI)’s social gaming platform to one of Asia’s leading game operators. C. Yang Technology Group has a sizable customer base and is based out of Laos. Here is the press release detailing of the agreement:
LAS VEGAS, NV / ACCESSWIRE / July 18, 2016 / Golden Matrix Group Inc. (PINK SHEETS: GMGI) a provider of Social Gaming Technology recently entered into a definitive distribution agreement with C. Yang Technology Group based in Laos. C. Yang Technology Group is a successful and well-respected Social Gaming Operator with a large active customer base.
Brian Goodman, CEO stated that, “The agreement is very encouraging as it will result in the Company now having multiple on-going revenue streams and supplement the existing revenues already being generated by LHIC. The new relationship demonstrates commitment to the Golden Matrix Offering and provides extensive distribution in one of the worlds largest Social Gaming markets.”
Mr. Goodman also stated that, “The Global Social Gaming market is expected to generate 17.4 Billion by 2019 and Asia Pacific dominated this Social Gaming market and accounted for 45% of the market in 2012.”
About Golden Matrix Group:
Golden Galaxy Group owns Social Gaming IP and builds configurable and scalable white labeled social gaming platforms for its international customers and delivers innovation that players want. The Social Gaming IP includes tools for acquisition, retention and monetization of users. The Company’s platform is unparalleled in both desktop and mobile applications. Moreover, user management is optimized though its ability to accommodate both free and cost to play state of the art games.