Platinum Pari-Mutuel Holdings, Inc. (OTC Pink: PPMH) is engaged and focused on the acquisition, management, and operation of technology companies. Shares of the technology development company are jumping 27.14%, through early trading on Monday, February 13, 2017. Over the past month, Platinum Pari-Mutuel Holdings, Inc. has seen average daily volume of 115,251 shares. However, volume of 1.4 million shares or dollar volume of $364,000, has already exchanged hands through early trading Monday.
Shares of Platinum Pari-Mutuel Holdings, Inc. are rallying Monday, after the company announced that its subsidiary, mPathDiscovery LLC, announced that it has signed Jury-X as a new channel partner. Under the agreement, Jury-X will provide direct investment to Platinum Pari-mutuel Holdings, Inc. in order to help develop a new proprietary software that will deal with scientific jury selection (SJS). The program is developed using digital sociology and artificial intelligence. Here is the full press release detailing of the new partnership:
Platinum Pari-Mutuel Holdings, Inc. Press Release:
MEMPHIS, Tennessee, February 13, 2017 /PRNewswire/ –Platinum Pari-Mutuel Holdings, Inc. (PPMH), a company focused on innovation and enterprise by acquiring, managing, and operating technology based companies for growth within the industry, is pleased to announce that wholly-owned subsidiary, mPathDiscovery LLC, continues advancing into new markets through extending its innovation lead with the signing of Jury-X as a new channel partner. This marks the third channel partnership agreement mPath has secured in just the past week. The Company is also in advanced discussions to receive a significant direct investment from Jury-X for the development of a proprietary software to greatly enhance the company’s competitive advantage within its industry.
Through a partnership with Jury-X in Chapel Hill, NC, mPathDiscovery will utilize its award-winning technologies backed by its pioneering development of Digital Sociology and Artificial Intelligence to push Scientific Jury Selection (SJS) far ahead of its current interpretation and utilization. SJS is the use of protocols from social science to choose favorable juries during a criminal or civil trial. This is leveraged during the jury selection phase when lawyers question prospective jurors. This phase generally involves an attorney using an expert assistant or resource while using peremptory challenges (the right to reject a certain number of potential jurors without stating a reason) during jury selection.
Jury-X has made significant momentum with SJS by implementing ‘big data’ principles on behalf of several law firms engaged in large, high-profile litigation including Morgan and Morgan, a prominent national law firm with nearly 40 office locations and leading campaigner for medical marijuana in the state of Florida. mPathDiscovery will help extend the scope of the data harvest and interpretation by customizing attributes of its core specialization in understanding and classifying human behaviors. This will help drive the expansion of key characteristics utilized in the prediction of optimal identifications for jury selection. In addition, Jury-X is considering a significant direct investment in mPath for the proprietary development of SJS, offering a new product line giving trial lawyers a cutting-edge way to participate in jury selection.
mPathDiscovery continues its remarkable forward push by engaging in multiple, diverse Industries through its dynamic technologies and sciences. The Company is continuing to advance discussions with a number of firms directly as well as other channel partners which will be released to the public as significant results become available.
Paul Baioni, CEO of PPMH, Inc. stated, “I am not surprised by the rapid penetration mPath continues to make in the market. Richard Neal’s proprietary advancements for applications in markets that realize the value his services and offerings hold for their future success as businesses in general are embracing the new wave of business intelligence and artificial intelligence. Jury-X represents one more market that understands that value and how mPath can help them lead the way.”
Platinum Pari-Mutuel Holdings, Inc. will continue to provide information to its shareholders and the public, as appropriate or necessary, and through its internet presence http://www.PPMHinc.com.
This release contains forward-looking statements that are based on beliefs of Platinum Pari-Mutuel Holdings management and reflect Platinum Pari-Mutuel Holdings current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release the words “estimate,” “project,” “believe,” “anticipate,” “intend,” “expect,” “plan,” “predict,” “may,” “should,” “will,” “can,” the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward looking statements. Such statements reflect the current views of Platinum Pari-Mutuel Holdings with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development of a salable market, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, Platinum Pari-Mutuel Holdings and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. This press release might incorporate by reference the Company’s filings and other reports. Investors are encouraged to review all filings. There is no assurance Platinum Pari-Mutuel Holdings will identify projects of merit or if it will have sufficient financing to implement its business plan. There is no assurance that the Company’s due diligence on the acquisitions assets, companies, and projects will be favorable nor that definitive terms can be negotiated. Information in this release includes representations from the private companies referred to which has not been independently verified by the company. A downturn in the market would affect the potential profitability of the proposed acquisition negatively. Any trademark or trade name, project, or idea listed in this release is property of its prospective owner.