Activistic completes acquisition of Plus Connect and strengthens management team.

Published at Jan 23, 2017, in Technology

As Activistic (ASX: ACU) moves to compulsory takeover of Plus Connect the group has announced the appointment of Paul Crossin as an executive director. This is a strategic move by the company aimed at taking advantage of his experience in gambling, gaming and lotteries over the last 20 years.

Of course ACU remains an early stage play and investors should therefore continue to take a caution approach and seek professional financial advice if considering this stock for their portfolio.

Crossin has been used as a consultant by The Federal Group, Manaccom Corporation and the TAB in this capacity. He brings international experience and a broad range of corporate skills to Activistic, having operated across diverse industries in regions such as Europe and North America.

Commenting on his appointment, Crossin said, “Plus Connect is building a socially responsible business delivering lottery style products to support Australian charities and not for profit organisations, and the partnership with Collingwood (AFL) represents our first foray into community sports, and will enable Australians to enjoy an entertaining lottery style product while contributing to the ongoing viability and vitality of their favourite sport or club”.

As indicated by the following statistics in relation to the group’s agreement with Veterans Call, this method of charitable contribution is being quickly taken up.

Crossin highlights success of overseas model

Crossin noted how the model had been used successfully overseas with Great Britain’s historic record at the Rio 2016 Olympics directly linked to the £346 million lottery funding awarded to UK Sport, the nation’s highest performance sports agency.

Plus Connect aims to create a competitive business with a pricing advantage over traditional lottery operators by combining Internet and mobile technologies with online betting and lottery licenses, supported by strong partnerships with quality charity and sports brands.

Aside from establishing an exclusive partnership with Collingwood Football Club in October, Activistic negotiated agreements with high profile and diversified charities such as Blue Star Families, Fisher House Foundation and Music for Relief in the latter half of 2016.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Facebook
Twitter
LinkedIn