Dusenberry Martin Racing (DMi, Inc.), a digital games publisher and
developer focused on delivering fun and engaging NASCAR-branded
games, announced today that it has secured $8,000,000 in additional
equity growth capital from a consortium of new investors.
Dusenberry Martin Racing (DMR) was founded in
early 2015. DMR holds the exclusive licensing rights to NASCAR
simulation style racing titles on interactive entertainment
platforms through 2020, intends to pursue and develop a variety of
high quality, next-generation video and mobile games across a wide
variety of platforms. The new equity investors, which include
PlayFast Games, LLC, Leo Capital Holdings LLC, and Gaming Nation
Inc. (TSXV:FAN), join current DMR investor HC2 Holdings Inc. (NYSE
MKT:HCHC).
Game industry veteran and DMR Chief Executive
Officer, Tom Dusenberry commented, “The additional capital and the
strategic industry expertise represented by our new equity
investors represents the next significant step forward for DMR as
we work to bring the highest-quality NASCAR video and mobile games
to millions of racing fans around the world.”
The consummation of the PlayFast Games, LLC and
Leo Capital investments represents the culmination of DMR’s
fundraising effort. Charlotte-based PlayFast Games, LLC is a
consortium of distinguished and diverse investors led by founder
Paul Brooks. Brooks, with over two decades of motorsports industry
experience, is the former President of NASCAR Media Group and was
Senior Vice President of NASCAR. He will be joining the DMR Board
of Directors in conjunction with this investment.
“I have a deep passion for NASCAR and a direct
interest in media-based technology and games,” said Brooks. “These
are powerful platforms to attract new fans to the sport and I am
thrilled to be joining the DMR team as we build and grow this
business.”
PlayFast Games, LLC stakeholders also include
NASCAR driver and 2015 Daytona 500 Champion Joey Logano as well as
2012 NASCAR Sprint Cup Series Champion Brad Keselowski, and other
industry participants.
Joey Logano commented, “We have gotten to know
the DMR management team well and are extremely impressed with their
commitment to developing and launching fun, competitive racing
games that will no doubt appeal to new and existing fans
alike. I really enjoy working with the DMR development team
to build an authentic and fun game experience for fans.”
Brad Keselowski commented, “I am personally
excited to work with the DMR team and am confident in the success
of bringing the real world driving experience to the next
generation of racing games.”
Leo Capital Holdings, LLC
(www.leocapholdings.com) is a privately funded venture investor
making investments in early and later stage private companies. Leo
Capital’s focus is on consumer oriented technology and applications
with large target markets. Leo maintains a broad network of
contacts, investors, and advisors with whom we work after investing
to help build value, and usually make investments that allow for
our active involvement.
As announced in March, Gaming Nation Inc. made a
strategic investment in DMR to pursue the sport of NASCAR and
explore fast growing DMR opportunities such as VR and eSports.
Scott Secord, Gaming Nation’s President and Chief Executive
Officer, commented, “Digital games and the digital entertainment
fan experience are fast approaching live sports with the advances
in gaming technologies. We look forward to partnering with DMR as
they leverage Gaming Nation’s access and reach to sports globally
through our various platforms.”
The new DMR capital will be used to bring the
next-generation NASCAR video game to the market this fall and allow
for NASCAR mobile racing game development. DMR sees a high growth
future with NASCAR digital games. Highly engaged video and mobile
game audiences are ready for next-gen, high-quality NASCAR games,
something DMR and its investors are equipped to deliver.
For more information, visit,
www.dmracing.org.
About Dusenberry Martin Racing (DMi,
Inc.)DMi, Inc. (doing business as Dusenberry Martin
Racing) is a digital games publisher and developer focused on
delivering fun and engaging NASCAR-branded games. The company is
dedicated to bringing high quality digital and socially interactive
game experiences to the marketplace. DMi launches its first
PlayStation 4 and Xbox One game this year. The company is
headquartered at NASCAR Plaza in Charlotte, North Carolina. For
more information, visit, www.dmracing.org.
Contact: Tom Dusenberry, CEO – 978‐828-7825
About HC2 HC2 Holdings, Inc. is
a publicly traded (NYSE MKT:HCHC) diversified holding company,
which seeks opportunities to acquire and grow businesses that can
generate long-term sustainable free cash flow and attractive
returns in order to maximize value for all stakeholders. HC2 has a
diverse array of operating subsidiaries across seven reportable
segments, including Manufacturing, Marine Services, Utilities,
Telecommunications, Life Sciences, Insurance and Other. HC2’s
largest operating subsidiaries include Schuff International, Inc.,
a leading structural steel fabricator and erector in the United
States, and Global Marine Systems Limited, a leading provider of
engineering and underwater services on submarine cables. Founded in
1994, HC2 is headquartered in Herndon, Virginia. For More
Information on HC2 Holdings, Inc., visit www.hc2.com.
Contact: Andrew G. Backman – Managing Director
Investor Relations & Public Relations -
212-339-5836.
About Gaming Nation Inc.Gaming
Nation Inc. (TSXV:FAN) provides technology and information
platforms to the sports and entertainment industry. The
company's platforms include 5050 Central, an electronic real-time
raffle system, daily fantasy games through Fantasy Feud and sports
information websites Fantasy Guru and Pick Nation. For more
information, visit, www.gamingnationinc.com
Contact: Scott Secord, President and CEO –
416‐479‐3873
Forward-Looking
Statements
Certain statements contained in this announcement constitute
forward-looking information within the meaning of securities laws.
Forward-looking information may relate to the Company’s future
outlook and anticipated events or results and, in some cases, can
be identified by terminology such as “may”, “will”, “should”,
“expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”,
“predict”, “target”, “potential”, “continue” or other similar
expressions concerning matters that are not historical facts. These
statements are based on certain factors and assumptions including
expected business prospects and opportunities. While the Company
considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect.
Forward-looking information is also subject to certain factors,
including risks and uncertainties that could cause actual results
to differ materially from what we currently expect. The Company
disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise, except as required under applicable
securities regulations.
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