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Alpha Metaverse Technologies Inc
Symbol ALPA
Shares Issued 71,272,880
Close 2023-03-13 C$ 0.09
Market Cap C$ 6,414,559
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Alpha Metaverse receives contract for AI project

2023-03-14 12:07 ET - News Release

Mr. Brian Wilneff reports

ALPHA METAVERSE LANDS MAJOR ENTERPRISE CONTRACT AND ITS FIRST AI REVENUE

Alpha Metaverse Technologies Inc. has been awarded a contract to build a metaverse experience for a multinational category-leading brand. This exciting new project will be revealed upon launch and will allow the brand to showcase its products and services in an immersive and interactive virtual environment, taking customer engagement to a whole new level.

The contract is a major milestone for Alpha and reflects the growing demand for metaverse solutions and artificial intelligence in today's digital landscape. The company's expertise in developing virtual worlds and immersive experiences is being recognized by category-leading brands and organizations around the world.

In addition to this exciting news, Alpha is also pleased to report that its revenue for the first quarter in 2023 is projected to be the highest in the company's history. The company has seen remarkable growth of over 400 per cent over the previous quarter, a testament to the hard work and dedication of its talented team.

"We are thrilled to have been chosen to build a metaverse experience for this category-leading brand. We are excited to share more details when it launches to the public," said Brian Wilneff, Alpha's chief executive officer. "It is an incredible opportunity to showcase the power of Alpha's AI and the metaverse and how it can transform the way big brands engage with customers and create new product categories."

About Alpha Metaverse Technologies Inc.

Alpha Metaverse Technologies is a publicly traded company, holding a portfolio of assets in metaverse, gaming and generative AI. Operational units include: Shape Immersive, a full-service metaverse studio building the future of Web3 gaming and virtual retail experiences for Fortune 500 companies and beyond through 3-D, NFT (non-fungible token), XR (extended reality) and game production; MANA, a custom-built software-as-a-service solution and innovation lab that empowers partner companies to level up their community engagement by launching their own gaming platforms; and GamerzArena, a gaming platform that provides an e-sports ecosystem for all gamers. The platform provides video game contests for top titles where gamers can compete for cash and prizes. Alpha clients and partners include RTFKT, Olympics, Star Altas, Red Bull, Intel, TED and more.

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