Yo Eleven Gaming enters into Letter of Intent with Huudl App Inc

VANCOUVER, British Columbia - March 18, 2022 - PRLog -- Yo Eleven Gaming Inc. (the "Company" or "Yo Eleven") is pleased to announce that it has entered into a binding Letter of Intent with Huudl App Inc. ("Huudl"), Jackpot Digital Inc. ("Jackpot"), and the principals of Huudl.

Huddl has developed certain intellectual property known as the Huudl App Banner which is an online marketing application. Yo Eleven will finance the development of the app for integration into its sports book and casino software.

The Company may acquire up to 63.4% in the share capital of Huudl on the following terms: (i)  Upon execution of the LOI, Yo Eleven shall make a cash payment in the amount of $10,000 (the "Initial Payment") (paid); and (ii) on a best-efforts basis, Yo Eleven shall make a cash payment of $352,000 (the "Subsequent Payment").

Upon effecting the Subsequent Payment, the share capital of Huudl shall be as follows: Yo Eleven (63.4%); Jackpot (6.6%); the remaining 30% shall be jointly owned by the Huudl principals. For a period of 1 (one) year from the date of the Subsequent Payment, Huudl will have the option to repay $38,000 to Jackpot and the Subsequent Payment to Yo Eleven.  In the event that Huudl exercises its option, 50% of Huudl will be owned by the principals of Huudl, 45.5% of Huudl will be owned by Yo Eleven, and 4.5% of Huudl will be owned by Jackpot.

On behalf of the Board of Yo Eleven Gaming Inc.

Jake H. Kalpakian, President & CEO

Securities of the Company should be considered speculative.

Certain statements contained herein are "forward-looking".  Forward-looking statements may include statements regarding future plans, costs, objectives, economic or technical performance, or the assumptions underlying any of the foregoing.  In this News Release, words such as "may", "could", "will", "likely", "potential", "should", "might", "objective", "believe", "expect", "propose", "intend", "plan", "plans", "mission", "estimate", and similar words are used to identify forward-looking statements.  Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those expressed or implied. Although management believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, projections and estimations, there is no assurance that these assumptions, projections or estimations are accurate. Readers, shareholders and investors are therefore cautioned not to place reliance on any forward-looking statements as the plans, assumptions, intentions or expectations upon which they are based might not occur.

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