- Six to Begin is being acquired by digital well being and health firm OliveX Holdings Ltd.
- UK-based Six to Begin is a specialist developer and content material creator of game-like tales for well being and health.
- Six to Begin owns the Zombies, Run! smartphone expertise and is the world’s bestselling gamified health utility, with over 8.5 million downloads.
London, UK - 8 March 2021. UK firm Six to Start Limited (Six to Begin) is happy to announce that it's being acquired by OliveX Holdings Limited (NSX: OLX) the digital well being and health firm. OliveX will purchase 100 per cent of the issued shares of Six to Begin for an preliminary money and share consideration equal to US$6,650,000 and deferred, performance-based, consideration in money and shares of as much as US$2,850,000.
Six to Begin is an award-winning UK-based sport developer and health expertise firm which creates immersive and motivating smartphone audio tales and gaming experiences together with Zombies, Run!, The Stroll, and Zombies, Run! 5k.
Zombies, Run! picture
Zombies, Run! is the world’s main gamified well being and health app with a median 300,000 energetic customers monthly, roughly 50,000 paid subscription customers, and a digital health platform with augmented actuality capabilities which were recognised as greatest in school. Multi award-winning novelist Naomi Alderman is the primary creator of Zombies, Run!
Six to Begin’s gamification belongings embrace mental property, content material creation and distribution channels which might be strategically vital to OliveX because it continues to commercialise its KARA Sensible Health mirror - an interactive mirror that updates with stay and on-demand exercise courses.
As a part of the acquisition, Adrian Hon, CEO and founding father of Six to Begin will change into Chief Innovation Officer at OliveX while persevering with in his function as Government Director of Six to Begin, additional driving its development and the execution of the corporate’s innovation technique.
Adrian Hon, CEO, Six to Begin mentioned: “Six to Begin has constructed a powerful enterprise mannequin and an enormous subscriber base of loyal customers for our apps together with Zombies, Run! and our development technique is an ideal match with OliveX. We’ve each created modern, game-changing expertise that, when mixed, will actually advance the way forward for digital health making the
OliveX suite of merchandise and options actually world main. I’m extremely excited to affix OliveX as Chief Innovation Officer, and I’m actually wanting ahead to what lies forward.”
In relation to the acquisition, Hong Kong primarily based Keith Rumjahn, CEO, OliveX mentioned:
“At OliveX we’re obsessed with making health enjoyable, and that’s precisely what Six to Begin does. With common revenues per paid subscriber exceeding £25 a 12 months, and with actual development potential, Six to Begin will deliver rapid worth to OliveX. Most significantly although we see monumental profit of their world, loyal, subscriber base and the staff’s product design and monetisation experience.”
Tim Cooke, Chairman, and Jo Goodson, Non Government Director, Six to Begin, mentioned: “Adrian and his staff have demonstrated the creativity and power of the UK video games trade with the globally recognised model Zombies, Run!
“Six to Begin’s story-driven video games have proved extremely well-liked throughout the pandemic-driven lockdowns now that well being and health are on folks’s minds greater than ever. Put up lockdowns, Six to Begin will proceed to assist tens of millions obtain their enjoyable and health targets by combining immersive and interesting online experiences with the true world, alongside huge firms equivalent to Zoom, which have proven how integral they've change into to folks’s lives.”
OliveX intends to undertake a capital elevating to boost a minimal of A$6,000,000 (earlier than prices) within the coming days which can fund its preliminary money obligations below the acquisition and supply extra working capital. As well as, OliveX maintain a gathering of shareholders sooner or later to acquire any crucial shareholder approvals (together with in relation to the difficulty of shares and efficiency rights below the Acquisition).
ENDS
Notes to Editors:
The important thing phrases of the Acquisition are set out here: https://www.nsx.com.au/ftp/news/021739302.PDF
Zombies, Run! Trailer - https://www.youtube.com/watch?v=niby3esOXdY
For extra info, please contact:
Six to Begin
Adrian Hon
Chief Government Officer
adrian.hon@sixtostart.com
or
Tim Cooke
Chairman
timcooke@devonhurst.com
Olivex
Xavier Kris
Government Director
xavier.kris@olivex.ai
About Six to Begin
Six to Begin is an impartial sport developer primarily based in London, specialising in story-like video games and game-like tales. Their newest video games embrace Zombies, Run!, the world's greatest promoting smartphone health app, and The Stroll, the primary smartphone health sport funded by the UK's Division of Well being.
Six to Begin was based in 2007developing video games involving tens of millions of gamers for Channel 4, the BBC, and Muse, together with cutting-edge fiction for Penguin and Macmillan. The corporate additionally conducts analysis and improvement for firms together with Disney Imagineering, Microsoft, and the British Museum.
For extra info, please go to www.sixtostart.com and to see the 2020 Zombies, Run! trailer please go to: https://youtu.be/niby3esOXdY
About OliveX Holdings Restricted
OliveX is a digital well being and health firm promoting modern merchandise and purposes to ship a novel consumer expertise utilizing synthetic intelligence, gamification and premium content material. With its flagship product the KARA Sensible Health Mirror and related subscription-based purposes, OliveX gives a platform that hyperlinks and engages customers with manufacturers, influencers and health coaches and that allows any house to change into a private health studio. OliveX has a market attain that spans over 170 nations.
For extra info, please go to www.olivex.ai
About KARA Sensible Health
KARA Sensible Health is OliveX’s digital utility that delivers premium, on demand and stay well being and fitness-related content material and courses from superstar trainers and wellness influencers throughout the globe. KARA Sensible Health enhances the KARA Sensible Health Mirror and collectively the merchandise present a whole {hardware} and software program resolution that harness synthetic intelligence and expertise for at-home health.
For extra info, please go to www.karasmartfitness.com
Ahead-looking statements disclosure
This press launch incorporates forward-looking statements or forward-looking info, throughout the which means of relevant securities legal guidelines with respect to the Firm. By their nature, forward-looking statements are topic to a wide range of components that might trigger precise outcomes to vary materially from the outcomes advised by the forward-looking statements. Accordingly, readers shouldn't place undue reliance on the forward- wanting statements.
Ahead-looking info contained on this press launch relies on Firm administration’s opinions, estimates and assumptions in gentle of its expertise and notion of historic tendencies, present situations and anticipated future developments in addition to different components that administration at the moment believes are applicable and affordable within the circumstances. Ahead-looking statements contain important dangers, uncertainties and assumptions, and there will be no assurance that such statements, underlying dangers, uncertainties and assumptions will show to be correct. Components that might trigger precise outcomes or occasions to vary materially embrace, with out limitation, dangers associated to legal guidelines, guidelines and regulation relevant to the Firm in addition to the trade during which it operates (together with in respect of taxes and different levies), financial or market situations on each a nationwide and world stage, foreign money fluctuations, dangers inherent to different entities at the same stage of improvement and trade during which the Firm at the moment is, competitors from the Firm’s opponents, unsatisfactory improvement or advertising of the Firm and/or its services or products, regulatory motion or litigation (together with product legal responsibility claims), and failure to enter into agreements or preparations with different events on truthful or affordable phrases. Ahead-looking info is made solely as of the date on which it's offered and, besides as could also be required by relevant legal guidelines, the Firm disclaims any intent or obligation to replace such forward-looking info whether or not on account of new info, future occasions or in any other case.
