YDreams corporate update: Year-end review, Arkave VR opens in Toronto and new exhibitions
YDreams Global Technologies Inc. (TSX-V: YD) (“YDreams” or the “Company”) a leading designer and developer of augmented and virtual reality experiences, interactive solutions and eSports events would like to share our monthly Corporate Update with the highlights of the past month and a summary of the accomplishments of 2018.
Arkave VR to open in Greater Toronto
The Company is pleased to announce that it has sold its first
On December 21st the first
YDreams Studio signs two new Exhibitions
The Company was recently commissioned by a major Shopping Mall in Sao Paulo to create two new interactive exhibitions with different themes. The first will be released in the first quarter of 2019, about the universe of Unicorns and is focused on a younger audience.
The company continues to work on new projects for Embraer and Hyundai. Due to contract
In November the Company also signed a new deal to produce an interactive VR short film for an insurance company. YDreams Global will be responsible for the full production of the content, including scripting, casting, shooting and development of the interactive VR film. The client is an international insurance company present in 20 countries with over 30,000 employees and more than 50 Billion Euros in Revenue in 2017.
As we close out 2018 the Company would like to share some relevant data with its shareholders about the performance over the past year and some of the goals for 2019.
The Company delivered more than 80 projects for 26 different Clients.
Some of the Clients we worked
During the nine months ended September 30, 2018, the Company reported net sales revenue of $1,607,065 as compared to net sales revenue of $1,318,636 during the nine months ended September30, 2017. A 21,9% increase in revenues.
The Company’s gross profit increased by $341,468 from a gross profit of $181,440 during the nine months ended September 30,
In 2018, the
For 2019 the Companies main goals are:
–Rollout of the
–Release of the first edition of an eSports gaming festival combining
–Licensing IP to create
–Increase in Revenues for YDreams Global Studio Division;
The YDreams Team would like to wish its Shareholders, Investors, Clients, Partners, Friends and its Families Happy Holidays and a wonderful 2019, full of joy and prosperity.