NextPlay Technologies appoints Nithinan Boonyawattanapisut
SUNRISE, FL, July 19, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – NextPlay Technologies, Inc (NASDAQ: NXTP), a technology solutions company creating a digital business ecosystem for digital advertisers, consumers, video gamers and travelers, today announced the appointment of Nithinan (Jessie) Boonyawattanapisut as the company’s co-CEO .
Ms. Boonyawattanapisut founded and was CEO of HotPlay Enterprise Limited and its subsidiaries prior to the completion of the Monaker and HotPlay merger on June 30, 2021. She is an experienced entrepreneur in the video game, digital media and e-commerce industries. Previously, she was Managing Director of Axion Interactive Inc., a video game and online technology company, since 2017 and leading its content investment arm. She also co-founded and served as CEO and Chairman of the Board of True Axion Interactive, a joint venture game studio formed with True Corporation, a leading Thai telecommunications company. In 2014, Ms. Boonyawattanapisut founded HotNow (Thailand) Company Limited, a hyper-local promotion discovery platform and served as its CEO. In 2012, she co-founded Red Anchor Trading Corporation, an incubator for the development of applications and predictive algorithms based on participatory data. Red Anchor Trading Corp. was the entity that created and incubated HotPlay’s in-game advertising platform before becoming HotPlay Enterprise Limited in 2020. In 2006, Ms. Boonyawattanapisut, along with J. Todd Bonner, co-founded and served as a Director of an independent AAA games studio, now called Axion Games Limited, formerly known as Epic Games China Limited, a joint venture with Epic Games.
“Nithinan’s passion, deep technical knowledge and extensive industry connections will help us take NextPlay to the next level. She is a firm believer in our vision, our core values and, most importantly, our stakeholders. We are fortunate to have someone of his caliber join our leadership team, ”said Co-CEO Bill Kerby.
“I am extremely excited to formally lead the execution of NextPlay’s global digital strategy going forward,” said Ms. Boonyawattanapisut. “I have worked closely and actively with Bill and the team over the past 12 months to help shape the strategic direction we envision for NextPlay. So far we have succeeded in aligning the necessary strategic elements, including a leadership team of extremely knowledgeable industry veterans, which will position NextPlay to become a major player in one of the fastest growing spaces. with significant income opportunities to seize.
About NextPlay technologies
NextPlay Technologies, Inc. (Nasdaq: NXTP) is a technology solutions company providing gaming, in-game advertising, crypto-banking, smart TV, and travel reservation services to consumers and businesses within a growing global digital ecosystem. NextPlay’s compelling products and services use innovative AdTech, Artificial Intelligence and Fintech solutions to leverage the strengths and channels of our existing and acquired technologies. For more information on NextPlay Technologies, visit www.nextplaytechnologies.com and follow us on Twitter @NextPlayTech and LinkedIn.
This press release includes “forward-looking statements” within the meaning and within the safe harbor provided by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, section 27A of the Securities of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinions, beliefs or forecasts of future events and performance. A statement identified by the use of forward-looking words such as “will”, “may”, “expect”, “projects”, “anticipate”, “plan”, “believe”, “estimate”, “should” and some of the other foregoing statements may be deemed to be forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve risks and uncertainties which may cause actual future activities and results to differ materially from those suggested or described in this press release. Factors that could cause such a difference include the risks and uncertainties associated with our need for additional capital which may not be available on commercially acceptable terms, if at all, which raises questions about our ability to continue as a going concern; the fact that the COVID-19 pandemic has had, and is expected to continue to have, a significant negative impact on the travel industry and our business, results of operations and liquidity; amounts owed to us by third parties that may not be paid on time, if at all; certain amounts we owe on outstanding debt that are secured by substantially all of our assets and the penalties we may incur therein; the fact that we have significant indebtedness, which could have an adverse effect on our business and financial condition; the uncertainty and illiquidity of the credit and capital markets which may affect our ability to obtain credit and financing on acceptable terms and may affect the financial strength of our business partners; the officers and directors of the Company have the ability to exercise significant influence over the Company; shareholders may be significantly diluted by our efforts to obtain financing, meet our obligations and make acquisitions through the issuance of additional shares of our common or preferred shares; if we are not able to adapt to technological change, our business could be affected; if we do not adequately protect our intellectual property, our ability to compete could be compromised; the success of our long-term travel business depends, in part, on our ability to expand our owner, manager and traveler bases outside of the United States and, therefore, our travel business is sensitive to the associated risks. international operations; changes or adverse interpretations of government regulations or taxation of the evolving ALR, Internet and e-commerce industries that could adversely affect our results of operations; risks associated with the operations, activities and regulations of Longroot and IFEB (assuming the acquisition of IFEB is completed); the market in which we participate is very competitive, and as a result, we may be unable to compete successfully with our current or future competitors; our potential inability to adapt to technological changes, which could harm our business; the volatility of our share price; risks associated with integrating the operations of HotPlay Enterprise Limited, an acquisition we recently competed against; the fact that we may be held accountable for the activities of our property owners and managers, which could damage our reputation and increase our operating costs; and that we have incurred significant losses to date and require additional capital which may not be available on commercially acceptable terms, if at all. Further information on the risks and uncertainties facing the Company is detailed from time to time in the Company’s periodic reports filed with the SEC, including its most recent annual report on Form 10-K and quarterly reports on Form 10-Q, under “Risk Factors”. These reports are available at www.sec.gov. Other unknown or unforeseeable factors could also have a material adverse effect on the future results of the Company and / or could cause our actual results and our financial position to differ materially from those indicated in the forward-looking statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected. The forward-looking statements contained in this press release are made only as of the date hereof. The Company assumes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties which are not paid for by the Company. If we update one or more forward-looking statements, no conclusion should be drawn that we will make any further updates with respect to such or other forward-looking statements.
Source: NextPlay Technologies
Company details :
NextPlay Technologies, Inc
Director of Corporate Development
Phone (954) 888-9779