FastForward Innovations Limited Strategic Update (1325E)
July 14 2016 - 2:00AM
UK Regulatory
TIDMFFWD
RNS Number : 1325E
FastForward Innovations Limited
14 July 2016
For immediate release
14 July 2016
FastForward Innovations Limited
("FastForward" or the "Company")
Market Update
The Board of FastForward is pleased to provide the following
strategic update to its shareholders.
1. The Company believes that there are exceptional opportunities
available to it in the gaming technology sector. These
opportunities are available to the Company largely because of the
network of the Company's Board of Directors, advisers and large
shareholders. The Company believes that the gaming technology
sector has very positive macro-economic characteristics and
represents a very significant growth opportunity;
2. The Company is currently carrying out due diligence on a
number of new investments in the gaming technology sector and
expects to announce new investments in the relatively short
term;
3. The Company is exploring adding additional gaming expertise
and experience to its Board of Directors;
4. The Company believes that almost all of its current
investments are significantly ahead of plan and have a realisable
value in the long term which is greater than and in some cases
significantly greater than their current carrying value
5. Specifically, the Company believes its investments in
Biotechnology, education technology, and its investment in Yooya
could yield significant returns in the near term. Exit
opportunities on favourable terms are under review for these
investments. With respect to Education Technology the Board is
exploring strategic alternatives which could allow FastForward
shareholders to enjoy benefits from ownership in a stand-alone
Education Technology vehicle, potentially by way of distribution in
specie.
More information on all of these developments will be made as
and when appropriate.
For further information please visit www.fstfwd.co or
contact:
FastForward Innovations Limited info@fstfwd.co
Josh Epstein / Ian Burns
Peel Hunt LLP Tel: +44 (0)20 7418 8900
Dan Webster / Adrian Trimmings / George Sellar
This information is provided by RNS
The company news service from the London Stock Exchange
END
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