INVNT/IP Welcomes U.S. Government Examination of China Trade Policy

SEATTLE,WA—(Marketwired – August 15, 2017) – Yesterday, President Donald Trump tasked U.S. Trade Representative Robert Lighthizer with the determination of the level of need for an open investigation into the intellectual property practices of the People's Republic of China (PRC). In an event hosted at the White House yesterday afternoon, President Trump asserted the importance of defending innovation and maintaining an equitable trade relationship with the PRC.

INVNT/IP, a membership–based consortium of companies and governments worldwide, welcomes the decision to re–examine the US–China trade relationship.

“For years, the PRC has practiced a comprehensive policy of intellectual property theft and associated protectionism,” noted Evan Anderson, CEO of INVNT/IP. “Over the past decade, INVNT/IP has tracked government programs funded by, supported by, or otherwise affiliated with PRC leadership that steal crown–jewel intellectual property from innovators worldwide, restrict domestic Chinese market share to global firms, violate WTO regulations, and use the placement of propaganda and financial leverage in the innovating world to subdue the potential response. This move to re–examine the US trade relationship with the PRC is both critical and long overdue; inventing firms and nations should look forward to the decision to open an investigation as a clear next step in enhancing US economic security.”

The United States maintains the capability to address issues of predatory trade relationships through structures such as Special 301 of the Trade Act of 1974, which “provides the United States Trade Representative with the authority to identify foreign countries that deny adequate and effective protection of IPR or fair and equitable market access to US persons that rely on IP protection.”

The USTR may, after investigation, declare a foreign country to be a “Priority Foreign Country,” enabling the United States to take action regarding damaging trade practices perpetrated by the selected nation–state.

INVNT/IP is a global consortium of executives, innovators, and policymakers working in concert to reduce the occurrence of nation–sponsored theft of “crown jewel” IP: the intellectual property that makes your company, government and economy function. For four years we have been working together, often behind the scenes, to protect the secrets that drive every part of the roughly $75T in global GDP today.

The INVNT/IP Global Consortium™, an SNS™ initiative, is a network of private firms and individuals that seeks to reduce nation–sponsored intellectual property theft worldwide.

Website: www.invntip.com, www.stratnews.com, www.futureinreview.com

Vigil Reports Record Sales Bookings in First Quarter

VICTORIA, BC—(Marketwired – August 15, 2017) – Vigil Health Solutions Inc. (“Vigil”) (TSX VENTURE: VGL) announces the results of operations for the quarter ending June 30, 2017.

Business Highlights

  • Sales bookings for the quarter were $1.85 million up 38% compared to the prior fiscal quarter's bookings of $1.34 million.
  • Revenue $1.49 million compared to $1.66 million in the three–month period ended June 30, 2016.
  • Earnings before income taxes $81 thousand compared to $265 thousand in the first quarter of fiscal 2017.
  • EBITDA of $146 thousand compared to $274 thousand in the three months ended June 30, 2016.

“We were pleased to see another quarter of record sales bookings. Revenue and earnings were down reflecting fewer installations completed in the quarter. Construction schedules can cause fluctuations in revenue in the short term however the continued growth in sales bookings is encouraging in the long term,” stated Troy Griffiths, President and CEO of Vigil Health Solutions Inc.

Financial Results

Revenue for the three–months ended June 30, 2017 was $1.49 million compared to $1.66 million in the three–month period ended June 30, 2016, a decrease of 10%. Project revenue from new and existing customers made up 53% of total revenue; the remaining revenue came from follow on sales to existing customers. These sales include service and maintenance billings and replacement products including wireless devices and communication equipment.

Sales bookings for the quarter were $1.85 million up 38% compared to the prior fiscal quarter's bookings of $1.34 million. At June 30, 2017 Vigil had a backlog of approximately $2.92 million (including $1.36 million in deposits and progress billings, recorded as deferred revenue on the balance sheet) compared to approximately $3.20 million (including $1.53 million in deposits and progress billings, recorded as deferred revenue on the balance sheet) at June 30, 2016.

The gross margin percentage for the three months ended June 30, 2017 was 55% compared to 52% for the three months ended June 30, 2016.

Operating expenditures for the three months ended June 30, 2017 were $703 thousand compared to $610 thousand for the period ended June 30, 2016. The majority of the increase was in sales and marketing expense.

Earnings before income taxes for the three month period ended June 30, 2017 were $81 thousand compared to $265 thousand for the previous year. The decline in earnings reflects the 10% decrease in revenue and an increase in expenses including foreign exchange losses. Net earnings and comprehensive income was $48 thousand or $0.003 per share compared to $196 thousand or $0.016 per share. In the fourth quarter of fiscal 2017, as a result of continued profitability and the availability of tax operating losses, the Company recognized a deferred income tax asset of $1.24 million. During the three month period ended June 30, 2017, the Company incurred income tax expense of $33 thousand and utilized a portion of the deferred income tax asset.

Detailed financial statements along with Management Discussion and Analysis have been filed with SEDAR (www.sedar.com).

Financial information will be mailed to entitled security holders on August 25, 2017, or, upon notice to the Company, entitled security holders may request a copy of financials in advance.

Summary Financial Information        
         
  June 30,   June 30,  
  2017   2016  
  (unaudited)   (unaudited)  
Revenue $1,492,660   $1,657,295  
Cost of sales 674,931   788,711  
Gross profit 817,729   868,584  
Expenses 703,233   609,523  
Income before the following items 114,496   259,061  
Other income (expense): (33,822 ) 6,186  
Earnings before income taxes 80,674   265,247  
Income taxes (32,668 ) (68,964 )
Comprehensive income for the period $48,006   $196,283  

Non–IFRS Measure

For the three months ended June 30, 2017, we are disclosing Adjusted EBITDA, a non–IFRS financial measure, as a supplementary indicator of operating performance. We define Adjusted EBITDA as net income before, interest, income taxes, amortization, stock based compensation and currency gains or losses including derivative foreign exchange differences. We are presenting the non–IFRS financial measure in our filings because we use it internally to make strategic decisions, forecast future results and to evaluate our performance and because we believe that our current and potential investors and analysts use the measure to assess current and future operating results and to make investment decisions. It is a non–IFRS measure, may not be comparable to other companies and it is not intended as a substitute for IFRS measures.

Adjusted EBITDA Reconciliation  
   
  Three months ended  
  June 30, 2017   June 30, 2016  
Income for the period $48,006   $196,283  
         
Add / (deduct) 38,345   (5,172 )
  Foreign exchange        
  Change in fair value of derivative (3,035 ) (664 )
  Interest (1,690 ) (515 )
  Tax 32,668   68,964  
  Stock based compensation 22,702   8,474  
  Amortization 9,493   6,767  
  98,483   77,854  
         
Adjusted EBITDA $146,489   $274,137  

About Vigil Health Solutions Inc.

Vigil offers a proprietary technology platform combining software and hardware to provide comprehensive solutions to the expanding seniors' housing market. Vigil has established a growing presence in North America and an international reputation for being on the leading edge of systems design and integration. Vigil's objective is to offer solutions for the full continuum of care. Vigil's product range includes the innovative wireless Vitality Care System™ featuring discreet 'mini pendants', a nurse call system, mobile fall, incontinence monitoring, resident check in and the award–winning Vigil Memory Care System.

Certain statements contained in this news release that are not based on historical facts may constitute forward–looking statements or forward–looking information within the meaning of applicable securities laws (“forward–looking statements”). These forward–looking statements are not promises or guarantees of future performance but are only predictions that relate to future events, conditions or circumstances or our future results, performance, achievements or developments and are subject to substantial known and unknown risks, assumptions, uncertainties and other factors that could cause our actual results, performance, achievements or developments in our business or in our industry to differ materially from those expressed, anticipated or implied by such forward–looking statements.

Forward–looking statements include all financial guidance, disclosure regarding possible events, conditions, circumstances or results of operations that are based on assumptions about future economic conditions, courses of action and other future events. We caution you not to place undue reliance upon any such forward–looking statements, which speak only as of the date they are made. These forward–looking statements appear in a number of different places in this presentation and can be identified by words such as “may”, “estimates”, “projects”, “expects”, “intends”, “believes”, “plans”, “anticipates”, or their negatives or other comparable words. Forward–looking statements include statements regarding the outlook for our future operations, plans and timing for the introduction or enhancement of our services and products, statements concerning strategies or developments, statements about future market conditions, supply conditions, end customer demand conditions, channel inventory and sell through, revenue, gross margin, operating expenses, profits, forecasts of future costs and expenditures, the outcome of legal proceedings, and other expectations, intentions and plans that are not historical fact.

The risk factors and uncertainties that may affect our actual results, performance, achievements or developments are many and include, amongst others, our ability to develop our sales force and generate revenue, the length of the sales cycle, management of the Company's growth, ability to recruit and retain staff, fluctuations in demand for current and future products, our ability to develop, manufacture, supply and market existing and new products that meet the needs of customers, volatility in the exchange rate, ability to secure financing, ability to secure product liability insurance, the continuous commitment of our customers, increased competition, changes in regulation and reliance on third party suppliers. These risk factors and others are discussed in the Risks and Uncertainties section of our “Management Discussion and Analysis” segment of our fiscal 2017 Annual Report. Many of these factors and uncertainties are beyond the control of the Company. Consequently, all forward–looking statements in this news release are qualified by this cautionary statement and there can be no assurance that actual results, performance, achievements or developments anticipated by the Company will be realized.

Forward–looking statements are based on management's current plans, estimates, projections, beliefs and opinions and, except as required by law, the Company does not undertake any obligation to update forward–looking statements should the assumptions related to these plans, estimates, projections, beliefs and opinions change.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

MACRA Toolkit Arms Practices to Navigate New Payment Rules

WASHINGTON, DC—(Marketwired – August 15, 2017) – The National Committee for Quality Assurance (NCQA) released a virtual toolkit designed to help medical practices navigate the Medicare Access and CHIP Reauthorization Act (MACRA).

Macratoolkit.com equips primary and specialty care practices, as well as consultants and health care executives that work with them, with tools to navigate the newly updated payment structure. The toolkit helps practices understand how patient–centered care aligns with MACRA, and includes steps for implementing elements of patient–centered care into medical practice activities and management.

NCQA developed this toolkit in response to MACRA rules that transition Medicare payments from a fee–for–service payment system to one based upon value. Evidence indicates the Patient–Centered Medical Home (PCMH) model provides higher–quality and lower cost care, both also key elements of the MACRA payment structure. The toolkit includes real life examples — case studies — of practices that implemented patient–centered care likely to benefit them under MACRA.

“This MACRA toolkit is a virtual instruction manual for how to capitalize on the PCMH model to improve performance scores and earn a higher bonus,” said Margaret E. O'Kane, NCQA President. “We want to help all practices move closer to the ultimate goal of delivering high–quality, low–cost care. This toolkit is really a set of directions — a map — they can use to navigate in that direction.”

NCQA's Patient–Centered Medical Home (PCMH) and Patient–Centered Specialty Practice (PCSP) programs provide the framework for practices to implement a patient–centered approach that improves quality, reduces costs and improves patient satisfaction.

MACRA marks a significant change to the health care system overall. The NCQA MACRA toolkit is an aid to understanding that change, understanding MACRA and ultimately understanding how to improve health care across the nation.

The toolkit is free, and can be accessed at macratoolkit.com.

About NCQA

NCQA is a private, nonprofit organization dedicated to improving health care quality. NCQA accredits and certifies a wide range of health care organizations. It also recognizes clinicians and practices in key areas of performance. NCQA's Healthcare Effectiveness Data and Information Set (HEDIS®) is the most widely used performance measurement tool in health care. NCQA's website (ncqa.org) contains information to help consumers, employers and others make more–informed health care choices. NCQA can be found online at ncqa.org, on Twitter @ncqa, on Facebook at facebook.com/NCQA.org/ and on LinkedIn at linkedin.com/company/ncqa.

Slate Retail REIT Announces Distribution for the Month of August 2017

TORONTO, ON—(Marketwired – August 15, 2017) – Slate Retail REIT (TSX: SRT.U) (TSX: SRT.UN) (the “REIT”), an owner and operator of U.S. grocery–anchored real estate, announced today that the Board of Trustees has declared a distribution for the month of August 2017 of U.S.$0.0675 per class U unit of the REIT (“Class U Units”), representing U.S.$0.81 per Class U Unit on an annualized basis.

Holders of Class U Units may elect to receive their distribution in Canadian dollars and should contact their broker to make such an election. If a holder of Class U Units elects to receive distributions in Canadian dollars, the holder will receive the Canadian dollar equivalent amount of the distribution being paid on the Class U Units based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution.

Holders of class A units of the REIT (“Class A Units”) will receive a distribution equal to the Canadian dollar equivalent (based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution) of U.S.$0.0680265 per Class A Unit. Holders of class I units of the REIT (“Class I Units”) will receive a distribution equal to U.S.$0.0712395 per Class I Unit. Holders of units of subsidiaries of the REIT that are exchangeable into Class U Units (“Exchangeable Units”) will receive a distribution equal to U.S.$0.0675 per unit.

Distributions on all unit classes of the REIT, and distributions on Exchangeable Units, will be payable on September 15, 2017 to unitholders of record as of the close of business on August 31, 2017.

Distribution Reinvestment Plan
Holders of Class A Units, Class U Units and Class I Units of the REIT are eligible to participate in the Distribution Reinvestment Plan (the “DRIP”). In electing to participate in the DRIP, unitholders will have their cash distributions used to purchase Class U Units of the REIT. Unitholders wishing to participate should contact their investment advisors to enroll. Additional details and information can be found by visiting slateretailreit.com.

About Slate Retail REIT (TSX: SRT.U)(TSX: SRT.UN)
Slate Retail REIT is a real estate investment trust focused on U.S. grocery–anchored real estate. The REIT owns and operates over U.S. $1 billion of assets located across the top 50 U.S. metro markets that are visited regularly by consumers for their everyday needs. The REIT's conservative payout ratio, together with its diversified portfolio and quality tenant covenants, provides a strong basis to continue to grow unitholder distributions and the flexibility to capitalize on opportunities that drive value appreciation. Visit slateretailreit.com to learn more about the REIT.

About Slate Asset Management L.P.
Slate Asset Management L.P. is a leading real estate investment platform with over $4 billion in assets under management. Slate is a value–oriented manager and a significant sponsor of all of its private and publicly– traded investment vehicles, which are tailored to the unique goals and objectives of its investors. The firm's careful and selective investment approach creates long–term value with an emphasis on capital preservation and outsized returns. Slate is supported by exceptional people, flexible capital and a proven ability to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

Slate Office REIT Announces Distribution for the Month of August 2017

TORONTO, ON—(Marketwired – August 15, 2017) – Slate Office REIT (TSX: SOT.UN) (the “REIT”), a leading owner of office properties in Canada, announced today that the Board of Trustees has declared a distribution for the month of August 2017 of C$0.0625 per trust unit of the REIT, representing $0.75 per unit of the REIT on an annualized basis.

The distribution will be payable on September 15, 2017 to unitholders of record as of the close of business on August 31, 2017.

Distribution Reinvestment Plan
Eligible unitholders (which includes holders of Class B limited partnership units that are exchangeable into trust units of the REIT) that elect to participate in the Distribution Reinvestment Plan (the “DRIP”) will have their cash distributions used to purchase trust units of the REIT. Unitholders wishing to participate should contact their investment advisors to enroll in the DRIP. Additional details and information can be found by visiting slateofficereit.com.

About Slate Office REIT (TSX: SOT.UN)
Slate Office REIT is an open–ended real estate investment trust. The REIT's portfolio currently comprises 38 strategic and well–located real estate assets located primarily across Canada's major population centres. The REIT is focused on maximizing value through internal organic rental and occupancy growth and strategic acquisitions. Visit slateofficereit.com to learn more.

About Slate Asset Management L.P.
Slate Asset Management L.P. is a leading real estate investment platform with over $4 billion in assets under management. Slate is a value–oriented manager and a significant sponsor of all of its private and publicly–traded investment vehicles, which are tailored to the unique goals and objectives of its investors. The firm's careful and selective investment approach creates long–term value with an emphasis on capital preservation and outsized returns. Slate is supported by exceptional people, flexible capital and a proven ability to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

Green Brick Partners Expands into Colorado

PLANO, TX—(Marketwired – August 15, 2017) – Green Brick Partners, Inc. (NASDAQ: GRBK) (“Green Brick”) today announced that Challenger Homes, one of Colorado's leading private homebuilders, has become Green Brick's sixth builder partner (the “Transaction”). Headquartered in Colorado Springs, Challenger Homes constructs townhouses, single family homes and luxury patio homes. Challenger is projected to deliver more than 400 homes in 2017, generating roughly $125 million in annual revenue.

Green Brick issued 1,497,000 new shares and, through a wholly owned subsidiary, acquired a 49.9% ownership of Challenger Homes through an investment in a newly formed entity, GB Challenger, LLC (“GBCH”). Green Brick may also have the opportunity to acquire an additional 20.1% of the Challenger Homes' interest in GBCH or, in certain circumstances, all of Challenger Homes' interest in GBCH on or after the third anniversary of the Transaction.

With this strategic investment in Challenger Homes, Green Brick has expanded into Colorado Springs and the Pikes Peak Region. In January, Forbes declared the region one of the “10 Hottest Real Estate Markets to Watch” this year. One month later, Colorado Springs nabbed the No. 2 spot in U.S. News and World Report's ranking of the “Most Desirable Places to Live” in 2017.

In addition to securing a foothold into one of the hottest real estate markets in the country, Green Brick's acquisition of this interest in Challenger Homes is a great complement to the company's five other builder partners. Tony McGill, Head of Investment Banking at Zelman & Associates, who advised Challenger Homes on the transaction, said, “Challenger Homes primarily focuses on the entry–level and move–down homebuyer market so this new investment nicely diversifies Green Brick's product and geographic offering while positioning the company for faster growth.”

Jim Brickman, Green Brick's CEO, added, “Challenger has a superior culture, an exceptional management team, and a great lot position to fuel growth in 2018 and beyond. We are excited about entering into this partnership with Challenger Homes and gaining a presence in the dynamic Colorado Springs market. Our future plans include expanding Challenger Homes' production efficiencies, operating skills and lower price point homebuilding model into other markets. This transaction should be immediately accretive to earnings per share.”

Brian Bahr, founder of Challenger Homes, said, “Green Brick is an award–winning, publicly owned homebuilding and development company, so becoming their builder partner is very exciting. Unlike many public builders that only care about the numbers, Green Brick is committed to helping Challenger Homes maintain our great culture, retain our employees, and fulfill our mission of “Making Life Better One Home at a Time”. With Green Brick's strong financial resources and Challenger Homes' deep local relationships, the new partnership accelerates Challenger Homes' vision for growth.”

Since 2008, Green Brick has earned a reputation for building neighborhoods with timeless, classic architecture interwoven with the latest technological advancements. Challenger Homes owns more than 1,800 home sites and controls more than 4,000 lots so this new venture further expands Green Brick's already well–respected land development capabilities.

About Green Brick Partners:

Green Brick Partners, Inc. (NASDAQ: GRBK) is a uniquely structured company that combines residential land development and homebuilding. The Company acquires and develops land, provides land and construction financing to its controlled builders and participates in the profits of its controlled builders. Green Brick owns a controlling interest in four homebuilding companies in Dallas, Texas (CB JENI Homes DFW LLC, Normandy Homes (a division of CB JENI), Southgate Homes DFW LLC, and Centre Living Homes, LLC), as well as a leading homebuilder in Atlanta, Georgia (The Providence Group of Georgia, L.L.C.). With the investment announced today, Green Brick now also owns a non–controlling interest in Challenger Homes in Colorado Springs, Colorado. The Company is engaged in all aspects of the homebuilding process, including land acquisition and the development, entitlements, design, construction, marketing and sales and the creation of brand images at its residential neighborhoods and master planned communities. For more information about Green Brick Partners, Inc.'s homebuilding partners go to www.greenbrickpartners.com/building–partners.html.

Forward–Looking Statements

Any statements in this press release about Green Brick's expectations, beliefs, plans, objectives, prospects, financial condition, assumptions or future events or performance that are not historical facts are forward–looking statements. These statements are often, but not always, made through the use of words or phrases such as “may,” “will,” “should,” “could,” “would,” “predicts,” “potential,” “continue,” “expects,” “anticipates,” “future,” “outlook,” “strategy,” “positioned,” “intends,” “plans,” “believes,” “projects,” “estimates” and similar expressions, as well as statements in the future tense. These statements are based on assumptions that Green Brick has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. Accordingly, all such forward–looking statements involve estimates and assumptions that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed in the statements. Among the factors that could cause actual results to differ materially from those projected in the forward–looking statements are the following: general economic conditions, seasonality, cyclicality and competition in the homebuilding industry; demand for real estate investments in the geographic markets in which we operate; our ability to successfully manage and integrate acquisitions; significant inflation or deflation; labor and raw material shortages; the failure to recruit, retain and develop highly skilled and competent employees; an inability to acquire land suitable for residential homebuilding at reasonable prices; an inability to develop and sell communities successfully or within expected timeframes; risks related to regulatory approvals and government regulation; the interpretation of or changes to tax, labor and environmental laws and regulations; volatility of mortgage interest rates; the unavailability of mortgage financing; the occurrence of severe weather or natural disasters; risks related to future growth through strategic investments, joint ventures, partnerships and/or acquisitions; the inability to obtain suitable bonding for the development of housing projects; difficulty in obtaining sufficient capital; the occurrence of a major health and safety incident; poor relations with the residents of our communities; information technology failures and data security breaches; product liability claims, litigation and warranty claims; our debt and related service obligations; required accounting changes; an inability to maintain effective internal control over financial reporting; and other risks and uncertainties inherent in our business. Additional factors that could cause actual results to differ from those anticipated are discussed in the “Risk Factors” and “Management's Discussion and Analysis of Financial Condition and Results of Operations” in the Company's annual and quarterly reports filed with the Securities and Exchange Commission. Because the factors referred to above could cause actual results or outcomes to differ materially from those expressed or implied in any forward–looking statements made by Green Brick, you should not place undue reliance on any such forward–looking statements. Further, any forward–looking statement speaks only as of the date of this press release, and Green Brick undertakes no obligation to update any forward–looking statement to reflect events or circumstances after such date.

BCUC Visits Construction Site to Inform its Site C Inquiry

VANCOUVER, BC—(Marketwired – August 15, 2017) – Late last week, the British Columbia Utilities Commission's (BCUC) Site C Inquiry panel, along with representatives from Deloitte LLP, visited the Site C construction site in order to inform the current inquiry into the project.

BC Hydro organizes construction of the project into six categories: dam site area; roads and highways; Peace River/Reservoir Area; transmission lines; Hudson's Hope shoreline protection; and the production and transportation of minerals. According to BC Hydro, as part of Site C construction, about 8.5 kilometres of the Cache Creek/Bear Flat segment of Highway 29 will require realignment, including the construction of a new bridge.

Over the course of the two day visit, the group toured the Highway 29 realignment area; received a briefing from BC Hydro's on–site team that included that team's views on progress to date and remaining work; and closed with a tour of the construction site, including the dam site area.

Site C Inquiry representatives taking part in the site visit were the panel of Commissioners appointed to report on the questions set out in the government's Order–In–Council (OIC) directing the inquiry; and representatives of Deloitte LLP, a professional services firm engaged by the BCUC to provide an independent report to address the questions in the OIC.

The Site C Inquiry is currently in its first phase, which consists of fact gathering that will inform a preliminary report. Members of the public are invited to submit data and analysis within the scope of the Terms of Reference to be considered for inclusion in the preliminary report by August 30, 2017.

On August 2, 2017, the Lieutenant Governor in Council, by OIC No. 244, requested that the BCUC, pursuant to section 5(1) of the Utilities Commission Act, advise the Lieutenant Governor in Council respecting BC Hydro's Site C project, in accordance with the terms set out in the OIC. The OIC is available on the BCUC's Site C Inquiry webpage: www.sitecinquiry.com.

Atari Announces Partnership With LGBT Media Inc., the Company Behind the Popular LGBT Social App, LGBTQutie

NEW YORK, NY—(Marketwired – August 15, 2017) – Atari®, one of the world's most iconic consumer brands and interactive entertainment producers, today announced a partnership with industry pioneer, LGBT Media Inc., the company behind LGBTQutie, a popular, one–of–a–kind app designed for the LGBTQ community. As part of this partnership, LBGT Media Inc. will acquire Atari's Pridefest™, one of the first LGBT–themed social games to empower players to design and launch their very own personalized Pride parade, connect with friends and more.

As an LGBT social app, LGBTQutie facilitates more than just dating. The platform gives members of the LGBTQ community the chance to pursue all kinds of connections. This includes partnerships, friendships, dating, and other meaningful relationships. Members can even use LGBTQutie to organize groups for attending fun social events.

LGBTQutie is already proving extremely popular, and its creator, LGBT Media Inc., will soon have another offering on the market thanks to this new partnership with Atari. LGBT Media Inc. will use its unique industry expertise to rebrand and re–launch Atari's Pridefest under its own umbrella. Pridefest gives players the opportunity to create their own colorful city with eye–catching decorations, as well as build fun attractions and entertainment venues. The game also incorporates social components, which LGBT Media Inc. plans to expand upon.

“When meeting the co–founders of LGBTQutie, Rachel Kimelman and Jordan Weiss, it became clear that the team's extensive expertise and relationships within the LGBTQ community would benefit Pridefest,” said Fred Chesnais, CEO of Atari. “We knew that joining forces with LGBTQutie was the best course of action to further develop and grow the game.”

“We're thrilled to be partnering with the iconic Atari,” said Jordan Weiss, Co–founder of LGBTQutie, a division of LGBT Media Inc. “Partnering with Atari will help us reach a larger audience and fulfill our vision of becoming the go–to platform for the LGBTQ community worldwide.”

Pridefest is centered on the celebration of LGBTQ culture and pride, and will allow users to have a fun, engaging and interactive experience,” added Rachel Kimelman, Co–founder of LGBTQutie. “By combining the respective experience levels of both of our companies, we hope to provide players with a new standard for LGBT gaming.”

If you would like to learn more about and speak with Atari regarding its investment in LGBTQutie, please contact Mario R. Kroll and CJ Melendez at pr@uberstrategist.com. Rachel Kimelman and Jordan Weiss, the cofounders of LGBT Media Inc., are also available for comment at info@lgbtqutie.com.

About Atari

Atari is an interactive entertainment production company. As an iconic brand that transcends generations and audiences, the company is globally recognized for its multi–platform, interactive entertainment and licensed products. Atari owns and/or manages a portfolio of more than 200 games and franchises, including world–renowned brands like Asteroids®, Centipede®, Missile Command®, Pong® and RollerCoaster Tycoon®. Atari has offices in New York and Paris.

© 2017 Atari Interactive, Inc. All rights reserved. Atari wordmark and logo are trademarks owned by Atari Interactive, Inc. All other trademarks are properties of their respective owners.

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