WPFH Announces Partnership Deal and Reports $2,448,925 Net Income for Q3

Los Angeles CA, Oct. 15, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- World Poker Fund Holdings, Inc. (OTC PINK: WPFH), a leading developer and operator of on-line technology, gaming platforms and brands, announces a strategic partnership with World Kungfu Association Asia Pacific (WKA AP) and Studio Tones, Inc. to co-promote and market its mixed martial arts tournaments as well as its online and mobile platforms. 

WKA is a leading martial arts organization in Asia in which prominent sport figures such as Manny Pacquiao serves as a board member. WKA along with many major Chinese MMA organizations will be providing its tournament contents on Jukebucks, an online and mobile platform exclusively developed and managed by Studio Tones, Inc. in Korea.  

WPFH will tap into its extensive partnership and celebrity network as well as its subsidiary companies to help the new platform. Picking Duck, a premier online and mobile sports platform, will work closely with Jukebucks to share, co-develop and promote and WPFH will utilize its customer database to introduce the new platform to users in the US and Europe especially.

All parties involved have high expectations for what this strategic partnership will bring. Travis Kasper, Chairman and CEO of WPFH, says, "The demand for professional MMA fights in Asia is really high. It's growing at a faster rate than any other markets but a lot of MMA organizations like UFC are not able to successfully tap into this vast and fast-growing markets due to their lack of understanding of local markets and the closed and isolated culture against other organizations. Jukebucks will facilitate cross organizational fights to make it more attractive for viewers and use some of the most advanced interactive technologies on their platform to make it much more exciting. For example, fighters will use gloves with embedded sensors, so viewers can see the strength and power level of each punch and if a fighter is faking a hit or not.  We're glad to be part of this great venture and hope to develop a strong presence in the market."

WPFH has also recently filed its Q3 filings, and the financial highlights are as follows: 

For the nine-months ended September 31, 2018, our total revenues were $2,500,000 with our net income reported as $2,448,925.  Total stockholder’s equity was reported to be $13,994,119 with short-term liability being $976,135 and long-term liability being $579,666.

About World Poker Fund Holdings, Inc.

World Poker Fund Holdings, Inc. is a leading developer and operator of on-line technology, gaming platforms and brands. The company does not offer any games or gaming opportunities for cash in the United States and is not licensed as a gaming operator in the United States or any other jurisdiction.

To learn more about World Poker Fund Holdings (WPFH) and its upcoming events, please visit www.worldpokerfund.com.

 Safe Harbor Statement

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.


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