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Emerging Entertainment Powerhouse? SportsQuest (OTC: SPQS) and Huayi Cinemas Forge AI-Driven Merger

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–News Direct–

In the landscape of penny stocks, one company has recently caught the attention of investors with its ambitious merger plans and strategic partnership in the burgeoning Chinese AI cinema industry. SportsQuest, Inc. (OTC: SPQS) has set its sights on a transformative merger with a leading Chinese AI theatre company, Shenzhen Huayi Excellent Cinemas Co., Ltd. (Huayi), marking a significant move towards reshaping the entertainment sector.

Merger Announcement and Strategic Partnership

The journey began in February 2024 when SportsQuest announced its intention to merge with Huayi, a pioneering force in the Chinese cinema industry known for its advanced AI technology and innovative approach to cinema management. The merger announcement highlighted Huayi's impressive track record in cinema operations, boasting a capitalization of $100 million in China and a visionary leadership team with over two decades of experience in movies and cultural development projects.

The merger process, outlined in a supplemental filing, emphasized the commitment of both parties to ensure a seamless transition, including compliance with merger laws. SPQS

expressed its dedication to supporting the merger process and outlined plans for corporate restructuring, including the appointment of new officers and directors and a corporate name change to better reflect its expanded activities.

To provide shareholders and followers with comprehensive insights into the strategic partnership, SportsQuest and Huayi launched a new investor relations website, huayicinemas.net.

The Huayi Cinemas Advantage

Huayi Cinemas, headquartered in Futian District, Shenzhen, Guangdong Province, China, is a trailblazer in the cinema industry, leading the chain operation of movie theaters with its cutting-edge AI technology. Huayi's core competitive advantage lies in its digital intelligent system technology, which drives efficient cinema management through its "Thousands of Cities, Ten Thousands of Cinemas" large-scale model. By accurately managing resources and data traffic, Huayi achieves seamless operations, positioning itself as a visionary leader in the industry.

With a commitment to innovation, Huayi offers a diverse range of products and services tailored to enhance the movie-watching experience. Its Huayi Cinema Chain is renowned for high-quality screenings, offering comfortable seating, advanced equipment, and high-quality services. Additionally, Huayi utilizes AI technology to provide personalized services, optimize marketing strategies, and enhance audience engagement.

Huayi's innovation extends to its Huayi Cinema Robot, equipped with digital AI intelligent system technology, enabling automated theater operations and enhancing efficiency. Moreover, Huayi Scent Movie represents an innovative form of movie experience, allowing audiences to experience scents corresponding to on-screen scenes, enriching the viewing experience.

Currently operating 12 theaters across major Chinese cities, Huayi is poised for further expansion, with plans to acquire 50 cinemas by the end of 2024 and reach 500 cinemas by 2028. With a dedicated workforce of 139 employees, Huayi is committed to advancing the film industry through innovation and technology, reshaping the future of cinema.

Formalization of the Merger

As the merger progresses, SportsQuest, Inc. (OTC: SPQS) formalized a Special Purpose Vehicle (SPV) to comply with China's regulatory requirements on March 21. The SPV, designed to isolate risk and facilitate non-dilutive investment, represents a crucial step towards realizing the full potential of the merger. With both parties committed to leveraging AI technologies to enhance the cinema experience, the merger promises to deliver innovative solutions and drive market growth.

Latest Announcement:

SportsQuest, Inc. (OTC: SPQS) announced that the long-anticipated merger with Huaying Online Film Co., Ltd. has entered its final stages, marking a significant milestone in the company's strategic growth plan. This merger will see the incorporation of Huaying Online Film Co., Ltd. under the SportsQuest umbrella, further diversifying the company's portfolio and expanding its presence in the digital entertainment sector.

The newly formed subsidiary, Huaying Online Film Co., Ltd., is set to revolutionize the online film industry with its innovative approach and cutting-edge technology. Leveraging SportsQuest's expertise and resources, Huaying Online Film Co., Ltd. aims to deliver unparalleled entertainment experiences to audiences worldwide.

As part of the merger agreement, the corporate structure of Huaying Online Film Co., Ltd. has been finalized as follows:

President: Jinbiao Wang: Jinbiao Wang brings a wealth of experience and leadership to his role as President of Huaying Online Film Co., Ltd. With a deep understanding of the industry and a proven track record of success, Wang is poised to drive the company towards new heights.

Secretary: Lirong Lai: Lirong Lai will serve as Secretary of Huaying Online Film Co., Ltd., overseeing administrative functions and ensuring compliance with regulatory requirements. Lai's attention to detail and organizational skills make her an invaluable asset to the company.

Treasurer: Qianjin Qin: Qianjin Qin will assume the role of Treasurer, responsible for managing the company's finances and ensuring fiscal responsibility. With a keen eye for financial strategy, Qin will play a crucial role in guiding Huaying Online Film Co., Ltd. towards sustainable growth.

Director: Yiyuan Cao: Yiyuan Cao, a shareholder of 51%, will serve as Director of Huaying Online Film Co., Ltd. With a majority ownership stake, Cao will play a pivotal role in shaping the company's strategic direction and vision for the future.

"We are thrilled to announce the finalization of our merger with Huaying Online Film Co., Ltd.," said the spokesperson of SPQS adding, "This strategic partnership represents a significant opportunity for SportsQuest to expand into the AI film industry and deliver innovative entertainment solutions to consumers worldwide. With a strong leadership team in place, we are confident that Huaying Online Film Co., Ltd. will achieve great success under the SportsQuest umbrella."

The merger with Huaying Online Film Co., Ltd. is subject to customary closing terms. Upon completion of the merger, SPQS will provide further updates regarding the integration of Huaying Online Film Co., Ltd. into its operations.

Conclusion

The merger between SportsQuest, Inc. (OTC: SPQS) and Huaying Online Film Co., Ltd. heralds a new chapter for the company, with potential for promising innovation and growth in the rapidly evolving landscape of AI-driven cinema experiences. Investors keen on tapping into the evolving landscape of AI-driven entertainment may find SportsQuest, Inc. an intriguing prospect in the penny stock market.

CapitalGainsReport (CGR) is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. CapitalGainsReport (CGR) is owned by RazorPitch Inc. and has been retained by a third party to assist in the production and distribution of content related to SPQS. 'CGR' is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by CapitalGainsReport/RazorPitch or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. CGR/RazorPitch is not a fiduciary by virtue of any persons use of or access to this content.

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View source version on newsdirect.com: https://newsdirect.com/news/emerging-entertainment-powerhouse-sportsquest-otc-spqs-and-huayi-cinemas-forge-ai-driven-merger-547638478

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Press Release

SpeedX Concludes Alpha Test with Massive Rewards, Announces Beta Launch and Potential Airdrop

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2,000 USDT Bonus, Game Packs, and Poll Rewards Up for Grabs as Revolutionary Mobile Racing Game Prepares for Next Phase

SpeedX, the revolutionary casual gaming from within the Telegram app is now out of alpha phase and ready for an exciting beta launch. Before a new level is to be started, players are given the chance to collect great rewards and enjoy diverse exciting community-oriented activities paving the way for what is expected to be a game-changing project in the world of mobile gaming and GameFi.

Alpha Test Conclusion and Massive Rewards

The SpeedX alpha test  came to a close, marking a significant milestone in the game’s development. To celebrate the success of this phase and reward its dedicated testers, SpeedX was offering an impressive array of incentives:

  • A 2,000 USDT bonus pool:
  • Massive game packs:

Players who participated in the alpha test can claim their rewards by visiting the official SpeedX Telegram bot @SpeedXgameBot (https://t.me/speedXGamebot).

Upcoming Beta Launch and Potential Airdrop

To add to this, SpeedX public beta is set to be released on October 24th, 2024. This next phase promises to bring even more exciting features and improvements to the game, including:

  • Enhanced graphics and smoother gameplay
  • New race tracks and environments
  • Additional car models and upgrade options
  • Improved matchmaking for asynchronous racing
  • Refined economic model for in-game rewards

The development team hints that the airdrop mechanics will reward both skilled players and active community members, incentivizing engagement with all aspects of the SpeedX ecosystem.

Community Engagement and Rewards

To further engage the community and educate players about the game mechanics, SpeedX has launched an interactive poll. The poll asks players to identify the factors that determine coin rewards in the game:

A. Car Level  B. Time to Complete the Race C. User’s Game Level D. All of the Above

Each participant in the poll has a shot at one of 5 winners that will get 10 USDT each for a total of 50 USDT. It is also an extra chance for players to learn more about the game and, at the same time, make some money.

SpeedX delivers real GameFi to the masses: the rousing experience of competitive high-speed racing with actual collisions and asynchronous gameplay. In terms of gameplay, SpeedX innovates a fundamental new interface that allows the players to merge two less effective cars into a more powerful one, boost the gaming dynamics and, ultimately, increase the chances of getting valuable bonuses.

Key features of SpeedX include:

  1. Merge and Upgrade System: Players can combine cars to create higher-level vehicles, up to level 160.
  2. Performance-Based Rewards: Higher-level cars offer faster acceleration and increased earning potential.
  3. Passive Income Generation: Cars generate coins even when players are offline.
  4. Asynchronous Racing: Players compete against each other’s best times on various tracks.
  5. Play-to-Airdrop Mechanics: Future airdrops will consider players’ performance and in-game assets(Coins & Diamonds).
  6. Dynamic Racing Environments: SpeedX is developing a variety of racing scenarios, including sky-high tracks, cliff-side sprints, and urban racing environments. These diverse settings will challenge players’ skills and keep the gameplay fresh and exciting.

Innovative Economic Model

SpeedX’s in-game economy is built around two primary currencies:

  1. Coins(Gold): Used for purchasing new cars and upgrades. Coin is generated passively by owned vehicles and can be earned through races and completing daily tasks.
  2. Diamonds: A premium currency required for speeding up coins production and potentially influencing future airdrops. Diamonds can be earned through exceptional race performance and special events.

This dual-currency system creates a balanced economy that rewards both active play and strategic resource management.

Future Developments

Exciting plans for SpeedX include:

  • F1-Style Track: SpeedX is considering the addition of an F1-style track to the game. Players are encouraged to start collecting Coins and Diamonds now to purchase entry tickets for this thrilling future feature.
  • Collaborations with Top Car Brands: Discussions are underway to bring licensed car models into the game.
  • Global Racer Alliance: Plans for a player-driven governance system are in motion.
  • Extreme Racing Scenarios: The team is working on implementing physics-defying race tracks.
  • Enhanced Social Features: Upcoming updates will introduce clan systems, friend challenges, and global tournaments.

To participate in the game and claim rewards, players can interact with the Telegram bot @SpeedXgameBot.

For more information about SpeedX or to join the racing action, visit Telegram Channel: SpeedXNews, Telegram Community: SpeedXGame

About SpeedX:

SpeedX is a cutting-edge mobile racing game built on the Telegram platform, offering players a unique blend of high-speed action, strategic gameplay, and innovative reward systems. With its play-to-airdrop mechanics and plans for asynchronous racing, SpeedX is set to revolutionize the casual gaming landscape.

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Press Release

Quizmatch Unites Blockchain, GenAI, and Telecom Networks to Redefine OnChain Gaming

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Everyone loves good trivia, and now quizzes, GenAI, tournaments, digital asset rewards, blockchain, and telecom networks unite in an innovative way. Enter Quizmatch, a revolutionary blockchain-powered tournament platform, gamified with AI-driven quizzes, rewards, and digital asset ownership, all seamlessly integrated with telecom networks and social platforms.

With the rise of play-to-tap mini-games, Quizmatch offers players an engaging way to compete in quizzes on trending topics. Users can instantly verify results on-chain, ensuring complete transparency and immutability of leaderboards. Gone are the days of wondering if game outcomes are manipulated – Quizmatch solves this with its decentralized, tamper-proof technology.

Digital IPs are struggling to meaningfully engage and retain users. Superbrands are catching on to this trend. The New York Times has embraced its role as a gaming destination, LinkedIn has added casual social games to its platform, and two of the top food apps in India now offer quiz games tied to cricket with digital collectibles. Over 75 games are now playable directly on YouTube. Additionally, the recent hype around tap-to-earn Telegram mini-games, like Hamster Kombat, and combat-centric clicker games such as Rocky Rabbit, is making waves throughout the industry.

Telecom Partnerships for Wider Reach

As part of its ambitious roadmap, Accioo, the company behind Quizmatch, registered in Singapore earlier this year, has secured strategic partnerships with major global telecom networks, such as Jio in India and Robi Axiata in Bangladesh, giving the platform access to over 500 million users. Adding a few more global telecom operators from the Middle East, Africa, and LATAM is also on the horizon as Accioo aims to expand its reach further. These partnerships highlight the platform’s immense scalability and potential to bring web3 gaming experiences to millions.

Built on the Sei Blockchain: Speed and Efficiency for Web3 Users

Quizmatch is built on the Sei blockchain, the fastest parallel blockchain, supported by institutional heavyweights like Coinbase, Delphi Digital, and Circle Ventures, known for its speed and efficiency. With a block finality of 390 milliseconds, Sei is designed to offer Web2-like experiences, making it ideal for high-frequency trading and real-time digital interactions.  Sei allows Quizmatch to offer real-time interactions similar to traditional web applications.

Jason Lim, Global Gaming Lead at Sei Foundation, emphasizes, “For us, empowering Quizmatch with the right speed to onboard that many new Web3 users and support such high on-chain transaction volumes is a proposition that fits Sei organically. We are one of the fastest-growing L1 ecosystems in the world right now.”

Speaking about the platform’s vision, Gaurav Raj Thakur, Co-founder and CEO of Accioo, stated, “Web3 has always posed challenges with its complex onboarding processes, and our goal is to change that. Through Quizmatch’s simple, yet engaging tournament framework, we aim to make blockchain accessible to billions of Web2 users, truly democratizing the digital gaming experience.”

In the near future, the company intends to add more features in Quizmatch. The mini quiz tournaments might soon be launched from within social media platforms such as the X by simply calling for the Quizmatch bot. The platform is designed to host quiz tournaments in multiple languages, including vernacular ones, creating a more personalized and culturally resonant experience.

Saurav Dwivedi, Co-founder and CTO, adds, “We’re collaborating with various telco networks, SDP partners, and Layer 1 chains to create a truly unique experience. Our in-house compliance engine ensures culturally relevant and engaging quiz content as we expand across multiple geographies.”

Quizmatch’s approach has already caught the attention of industry observers. The platform was recently selected for the ALPHA Startup Program at Web Summit Doha, standing out at 1,043 chosen from nearly 10,000 applicants worldwide startups from around the world.

 Quizmatch continues to push the boundaries of gaming and blockchain technology, it is well on its way to becoming a game-changer in the digital entertainment space, transforming how users engage, compete, and own digital assets on a global scale.

Contact Info:
Name: Gaurav
Email: gaurav@quizmatch.games
Organization: quizmatch.games
Website: https://quizmatch.games/

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Press Release

Dianetics Diamond Jubilee commemorated at the Frankfurt Buchmesse: 75 years of positively transforming millions of lives

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Four leading book distributors in Europe chose the Frankfurt Buchmesse to deliver their recognitions to the BestSelling book Dianetics at the launch of celebrations for its 75th Anniversary and wide distribution since publication in May 9th 1950.

Four leading book distributors in Europe chose the Frankfurt Buchmesse to deliver their recognitions to the BestSelling book Dianetics from L. Ron Hubbard at the launch of celebrations for its 75th Anniversary and wide distribution since publication in May 9th 1950.

The 2024 Frankfurt Buchmesse could not have concluded more appropriately than with L. Ron Hubbard’s Dianetics: The Modern Science of Mental Health being acknowledged “for positively and permanently transforming millions of lives over the past three quarters of a century” said a representative.

The book has been honored with four prestigious recognitions from distributors across Europe, as if marking the four cardinal points of the continent. From the North, the UK acknowledges its continued inspiration; from the South, Italy celebrates its profound impact; from the East, Slovakia praises its enduring legacy; and from the West, Spain highlights its perennial bestseller status.

In this regards, Marvin Blagsden, Managing Director of Gazelle Book Services, presented a commemorative plaque recognizing “the extraordinary legacy” of L. Ron Hubbard, which “continues to inspire and guide people worldwide, making a lasting impact on personal development and well-being.” 

Going down south in EuropeDonatella Nazzi, Manager of Libro Co Italia, recognized L. Ron Hubbard’s “remarkable contribution to literature and human knowledge,” adding, “We are very pleased to distribute Dianetics. We have many interesting ideas for next year’s celebration of your anniversary, and I’m sure we can do a great job together.”

In crossing to Slovakia in eastern Europe, Heureka granted Dianetics: The Modern Science of Mental Health by L. Ron Hubbard the award “Finalist Product of the Year 2023 in the Category of Books” and flying to the western Europe in Spain, Arnoia Distribución de Libros S.A., a Galician business group at the forefront of book distribution in Spain and abroad for over 30 years, joined in with another award “to congratulate L. Ron Hubbard for his vast and extraordinary body of published works in honor of the 75th anniversary of his perennial bestseller Dianetics: The Modern Science of Mental Health.”

 

L. Ron Hubbard’s Legacy: One of the Most Enduring and Widely Read Authors in Literary History

As an author, humanitarian, and the founder of Dianetics and Scientology, L. Ron Hubbard stands as one of the most acclaimed figures of the modern age

His writing career, which spanned more than half a century, established him as a leading light in American fiction and as the author of over 35 million words of nonfiction—the most comprehensive exploration of the human mind and spirit, providing a unique pathway to total spiritual freedom. 

Recognized as one of the top 20 bestselling authors of all time, Hubbard’s works have been translated into 114 languages, with more than 325 million copies in circulation, including over 3,000 recorded lectures and approximately 5,000 writings. 

In testament to the magnitude of his literary legacy, he holds four Guinness World Records: for most published author, most translated author, the author with the most audiobook titles, and for the single most translated non-religious work.

Time-Tested Technology: Just as Relevant in 2024 as in 1950.

Published on May 9, 1950, a forerunner of Scientology, Dianetics was proclaimed by the national columnist Walter Winchell in a telling prediction, “There is something new coming up in April called Dianetics. A new science which works with the invariability of physical science in the field of the human mind. From all indications it will prove to be as revolutionary for humanity as the first caveman’s discovery and utilization of fire.”

If Winchell’s statement was bold, it was nonetheless accurate, for with Dianetics came the first definitive explanation of human thinking and behavior. Here, too, “was the first means to resolve problems of the human mind, including unreasonable fears, upsets, insecurities and psychosomatic ills of every description” said one of the fans.

At the core of such problems lay what L. Ron Hubbard termed the “reactive mind” and defined as that “portion of a person’s mind which is entirely stimulus-response, which is not under his volitional control and which exerts force and the power of command over his awareness, purposes, thoughts, body and actions.”  

“That the mind still recorded perceptions during moments of partial or full unconsciousness was dimly known. But how the engram impacted physiologically, how it acted upon thinking and behavior—this was entirely new” says one of the readers,In short, here lay a mind, as Mr. Hubbard so powerfully phrased it, “which makes a man suppress his hopes, which holds his apathies, which gives him irresolution when he should act, and kills him before he has begun to live.”

“As word of  Dianetics spread, general response was considerable: more than fifty thousand copies were acquired by the general publicimmediately off the press, while bookstores struggled to keep it on shelves. As its experienced workability grew, public response grew even more dramatic” said Ivan Arjona-Pelado, European representative for the Church of Scientology.

“Dianetics—Taking U.S. by Storm” and “Fastest Growing Movement in America” read newspaper headlines through the summer of 1950. “While by the end of the year, some 750 Dianetics groups had spontaneously mushroomed from coast to coast and six cities boasted research foundations to help facilitate Mr. Hubbard’s advancement of the subject” continued Arjona-Pelado.

Over the years, Dianetics has become an international phenomenon, with more than 22 million copies in circulation, translated into 50 languages, and distributed in 175 countries worldwide

“As a perennial bestseller, Dianetics is indisputably the most widely read and influential book on the human mind” concluded Arjona-Pelado.

Media Contact

Organization: European Office Church of Scientology for Public Affairs and Human Rights

Contact Person: Ivan Arjona

Website: https://www.europeanaffairs.eu

Email: Send Email

Address: Boulevard de Waterloo 103

City: Brussels

State: Brussels

Country: Belgium

Release Id: 21102418720

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