MEMPHIS, Tennessee, February 8, 2017 /PRNewswire/ --
Platinum Pari-Mutuel Holdings (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, is engaging two new channel partners and signed another exclusive partnership agreement. This news represents a significant opportunity for the Company to advance several currently pending contracts while expanding their market presence.
The first partner is Divinus Partners/ArmourGrid with extensive experience and knowledge in the counterfeiting intelligence industry. Divinus is working closely with Nike, US Department of Justice, the Country of India, Walmart, Target, and more. Divinus will be offering mPath services to these clients as a primary source of their data gathering and analysis process. Divinus recognizes mPath's industry leading ability to assist companies and even countries with identifying, locating, and managing the varied implications of counterfeit activities along with messaging to minimize impact.
The Organization for Economic Cooperation and Development (OECD) released a report that said international trade of "fakes" represented 2.5 percent of overall world trade, or $461 billion. That's equivalent to the gross domestic product of Ireland and the Czech Republic combined. And the OECD says Nike is one of the most intensely targeted brands by counterfeiters. Through a channel partnership with Divinus, mPath aims to help prevent such high levels of fraud.
The second partner is Sagon-Phior, a highly recognized leader in providing marketing services to major national companies such as Microsoft, Nestle, the American Cancer Society, and the American Heart Association. Sagon-Phior has agreed to promote mPath services to a number of their high profile clients. By implementing an Emotional Based marketing strategy, Sagon-Phior recognizes the value that mPath offers for branding and influencing customer awareness and purchasing habits. This partnership represents an important opportunity to showcase mPath's many talents.
And lastly, mPath signed a partnership agreement with Steven Frame, a highly qualified sales representative to assist with managing open contracts for mPath along with expanding existing market exposure. Mr. Frame's vast experience with InsideSales.com makes him an excellent addition to the team. At InsideSales.com, he focused on Global Sales Enablement via: Accelerating Sales with Data, A.I., Apps & Math plus Digital Sociology.
This news is proof that mPath is making waves as the industry recognizes their ability to deliver meaningful, customized Artificial Intelligence, Business Intelligence and even Extended Intelligence solutions for the unique needs of an evolving and expanding marketplace. The addition of these partnerships represents a significant growth opportunity for the Company and gives mPath the resources to focus on securing the many deals that are currently on the table.
Paul Baioni CEO of PPMH, Inc. the parent company of mPath, had this to add, "We, as a society, are entering a new and exciting field of business study. Richard Neal, President of mPath Discovery LLC, has written extensively about and is considered to be a leader in the field of artificial intelligence and business intelligence solutions. His vision and capability for predictive analysis extends well beyond the normal offerings in today's market. We believe that the addition of qualified sales representatives and channel partners will mark a turning point for mPath as it seeks to close several of the open contracts it currently holds, as well as creating new opportunities."
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.
SOURCE Platinum Pari-Mutuel Holdings