LAS VEGAS, May 22, 2023 (GLOBE NEWSWIRE) — Ault Alliance, Inc. (NYSE American: AULT) (“Ault Alliance“), a diversified holding company, and BitNile Metaverse, Inc. (Nasdaq: BNMV) (“BitNile Metaverse” or the “Pursue“), the latter runs the growing virtual world, BITNILE.COM (The “platform‘), announced the launch of social gaming on the platform with the first public release of its online roulette feature.
Previously only available as a beta version, the new roulette version offers users the option to play simply for fun or for real cash prizes in a sweepstakes model. Only residents of the United States (excluding residents of Idaho and Washington) who are at least eighteen years of age or the age of majority in their jurisdiction (whichever is later) at the time of entry may enter the Sweepstakes. Participation is not possible where prohibited by law.
“We look forward to the launch of Roulette, the first of several games and in-world features expected to be available on the platform over the coming months,” said Milton “Todd” Ault, III, founder and CEO of Ault Alliance . “Unlike traditional online games, players are not tied to a screen but can explore the site and interact with other players. It’s the closest thing to real gaming without ever having to leave your chair.”
BitNile Metaverse, through its wholly owned subsidiary BitNile.com, Inc. (“BNI’), owns and operates the platform.
“BitNile.com has surpassed 1,400,000 engaged users since launch,” said Douglas Gintz, President of BNI. “Our team is diligently working to bring additional games and other forms of entertainment to the platform that we expect will appeal to our growing audience.”
Launched on March 1, 2023, the early release version of the platform offers a preview of the virtual world and related activities. New features and functionality will be added as they become available including social gaming, e-commerce, live streaming entertainment and social networking.
Users can access and explore the Early Access version of the platform and get updates by visiting it https://BitNile.com.
The platform uses Google Analytics to track usage and identify users. A user is considered “engaged” if any of the following conditions are met: the session lasted longer than ten seconds; it resulted in one or more conversion events; or two or more page/screen views occurred.
About BitNile Metaverse, Inc.
Founded in 2011, BitNile Metaverse (Nasdaq: BNMV) owns 100% of BitNile.com, Inc., including the Metaverse platform BITNILE.COM. The platform, which opened to the public on March 1, 2023, allows users to connect with a new social networking community and purchase both digital and physical products while playing immersive 3D games. In addition to BitNile.com, Inc., BitNile Metaverse also directly or indirectly owns three non-core subsidiaries: approximately 66% indirectly owned by Wolf Energy Services Inc. (OTCQB: WOEN); 100% direct from Zest Labs, Inc.; and approximately 89% of Agora Digital Holdings Inc. directly. BitNile Metaverse also owns approximately 70% of White River Energy Corp (OTCQB: WTRV).
About Ault Alliance, Inc.
Ault Alliance, Inc. is a diversified holding company seeking growth through acquisitions of undervalued companies and disruptive technologies with global impact. Through its wholly owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center where it mines Bitcoin and provides mission-critical products supporting a variety of industries including Metaverse Platform, Oil Exploration, Crane Services and Defense/Aerospace, Industrial, Automotive, medical/biopharmaceutical, consumer electronics, hospitality and textiles. In addition, Ault Alliance makes loans to select entrepreneurs through a licensed lending subsidiary. The Ault Alliance headquarters is at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.ault.com.
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend on or relate to future events or conditions and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates” , “expects”, “intends”, “strategy”, “future”, “opportunity”, “may”, “will”, “should”, “could”, “potential” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and neither Ault Alliance nor BitNile Metaverse undertakes any obligation to publicly update any such statements in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statements due to a variety of factors. In addition to the risks associated with individuals’ acceptance of the platform, competition from much larger companies operating Metaverse, and BitNile Metaverse’s ability to raise capital, investors should consider risk factors affecting one or both of the respective businesses of Ault Alliance and BitNile Metaverse and financial results contained in Ault Alliance’s and BitNile Metaverse’s respective filings with the Securities and Exchange Commission, including, but not limited to, their respective Forms 10-K, 10 -Q and 8-K. All of these documents are available at www.sec.gov and on the company websites at www.ault.com And www.bitnile.netor.
BitNile Metaverse Investor Contact:
firstname.lastname@example.org or 1-800-762-7293
Ault Alliance investor contact:
IR@ault.com or 1-888-753-2235