PPMH Recognizes Toyota's Vision With Their "Blaid" Device Project

MEMPHIS, Tennessee, October 12, 2016 /PRNewswire/ --

Platinum Pari-Mutuel Holdings (OTC: PPMH) is proud to expand on recent comments by the CEO of Toyota Motor North America regarding "GPS mapping" within shopping malls.

On October 5, 2016, Jim Lentz, the CEO of Toyota Motor North America, while being interviewed by Charlie Rose mentioned the development of their "Blaid" product, described as a device "that uses GPS indoors" to "map a shopping mall" in reference to use for the "blind".  

PPMH believes the development of this technology by Toyota for the purpose of assisting disabled people to navigate a shopping mall, is a great venture.

However, PPMH owns a technology that is further along and more capable than a standard GPS mapping device. PPMH's MapOS technology which powers their FastMall® (http://www.fastmall.com) product allows a user to utilize turn-by-turn navigation through a predetermined building or location without the need for GPS or Wifi.

In a telephone conversation, David Reeves, who previously headed operations for TBX Group, stated, "The Toyota project, is a wonderful idea as I am for anything that betters the lives of the disabled. Toyota is a great company, however their reliance on GPS concerns me, due to the structural components of a building.  It's the unreliable nature of GPS signals within a steel and concrete building that intrigued us and led us to move swiftly, back in 2015, into talks with Sam Feuer to acquire the MapOS technology."

In September 2016, PPMH finalized its acquisition of TBX Group and it's suite of new and innovative products including not only this technology, but also Smacktive social media (http://www.smacktive.com) designed for promoting a healthier active lifestyle, mPathDiscovery, providing actionable intelligence for business data, and Smacked Ventures, owner of FastMall®, MapOS, and a host of other products geared for entertainment and education.

Mr. Reeves added, "The MapOS technology has many different real world uses, and to the best of my knowledge PPMH is continuing to advance the technology, to not only grow the FastMall™ product but to also migrate MapOS into other markets like emergency management, homeland security, and the private sector."

Sam Feuer, the creator of FastMall® and MapOS and leader of PPMH's subsidiaries Smacked Ventures and Smacktive, stated, "I began working on this technology because of a comment by my wife during a shopping experience.  As the application grew I realized the potential global impact that the ability to navigate any space, indoor or outdoor without the need for GPS or WIFI would have on every day activities.  This is why we are not only powering FastMall® with MapOS,  but we are also working towards merging into other markets that desire "non GPS or Wifi" capabilities."

FastMall® and MapOS have been featured in many articles, interviews, and news highlights; from The New York Times, The Today Show, to Fox Business, ABC, Bloomberg, as well as PC World, Tech Crunch, and many others.  Their reviews highlighted the capabilities as it relates to people's reliance on GPS navigation to commute from location to location, but once inside a sprawling building, standard GPS mapping assistance fails, and that is where the MapOS product shines.

Paul Baioni, PPMH's CEO, stated, "It is exciting to see a respected company like Toyota realizing the importance of this type of mapping technology, as we did when we acquired TBX Group. We are currently attempting, directly and indirectly, to open a line of communication with Toyota to present our MapOS technology. Our attempt to reach out to Toyota is based on our love for their vision of assisting disabled individuals."

Platinum Pari-Mutuel shall continue to provide information to its shareholders and the public, as appropriate or necessary, through http://www.PPMHinc.com.  Follow us on Twitter @PPMHinc, or for more information email [email protected].

Disclaimer

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.

Contact:
Paul Baioni
[email protected]
+1-901-761-2159

SOURCE Platinum Pari-Mutuel Holdings