Investee Company Update: Leap Gaming

FastForward Innovations Ltd / AIM: FFWD / Sector: Closed End Investments

15 March 2021

FastForward Innovations Ltd ("FastForward" or, "FFWD")

Investee Company Update: Leap Gaming

FastForward Innovations Ltd, the AIM quoted company focusing on making investments in fast growing and industry leading businesses, is pleased to note the update from Kaizen Gaming ('Kaizen') regarding Fralis LLC ('Leap Gaming'), in which FastForward has a 43.4% interest. Kaizen Gaming, the leading GameTech company in Greece and one of the fastest-growing in Europe, has extended its partnership with Leap Gaming with the roll out of EuroLeague Instant Legends, offering the game across Kaizen's major gaming sites. As announced on 2 February 2021, EuroLeague Instant Legends is a unique new betting product created by Leap Gaming and launched by IMG Arena in partnership with EuroLeague Basketball.

Ed McDermott, CEO of FastForward, commented: "It is excellent to hear that Kaizen group, the largest online operator in Greece and one of the biggest in Eastern-Central Europe will be one of the first to roll out EuroLeague Instant Legends. The consistent growth and expansion of Leap's network of partnerships is testament to the quality of its diverse range of innovative products, and we are delighted to support Yariv and his team as they continue to challenge gaming operators worldwide."

Full Announcement Below

Kaizen Gaming Extends partnership with Leap Gaming with the Release of EuroLeague Legends

Kaizen Gaming announces the extension of its virtual sports content offer from Leap Gaming across the Group's major gaming sites with the roll out of EuroLeague Instant Legends. This extension comes on the back of Kaizen Gaming's existing agreement for distributing Leaps virtual sports portfolio which includes Football, Tennis and Races.

EuroLeague Instant Legends it the fruit of an official close collaboration between Turkish Airlines EuroLeague, IMG Arena and Leap Gaming. It has been a much-anticipated product as it provides a virtual sports experience which embeds historical clips from previous EuroLeague Clubs match-ups, and by this allows users to select their match-ups or even tailor the match-ups and then relive the EuroLeague most unforgettable moments. All, on demand, with careful attention to UX/UI nuances, especially for mobile devices.

Vaggelis Kaloudis, Virtual Sports Manager at Kaizen Gaming commented: "We are delighted to extend our partnership with Leap Gaming in an agreement that highlights our commitment to continuously offer innovative products to our customers.  EuroLeague Instant Legends combines the proven mechanics of virtual sports with the additional, yet material value of players, clubs and federation affinities, in a way which takes the user experience to a whole new level. We are very happy to be the first to offer this fantastic game in the Greek market, where EuroLeague popularity is clearly very high, and also to roll it out across our entire footprint."

Yariv Lissauer, CEO of Leap Gaming, commented: "EuroLeague Instant Legends is a product that we, at Leap, are very proud of, as it is a clear manifestation of our commitment to innovation and excellence in the virtual sports space. We are thrilled that Kaizen, one of the top operators in the continent, is included in the first batch of operators who will roll it out.  We look forward to continue enhancing our relationship with Kaizen Gaming with this extension and with coming title releases which are scheduled for later this year."

For further information contact:

About Kaizen:

Kaizen Gaming is the largest GameTech company in Greece and one of the fastest growing companies of the industry in Europe. Today the company operates in 6 countries: Greece and Cyprus with the brand Stoiximan, Germany, Romania, Portugal and Brazil with its international brand Betano. Investing in technology and human resources, we have managed to increase sevenfold our human capital over the course of 4 years, currently employing more than 800 employees, 260 of which are staffing only the Technology department.

We put a strong emphasis on Technology and the People, as well as on Safe Entertainment and Sports, so it follows that we are implementing an extensive plan of social responsibility actions. Just to name "Mikroi Iroes", a program which since 2017 offers educational experiences to more than 30,000 children throughout Greece. At the same time, Kaizen Gaming develops an extensive program of sports sponsorships in all our countries of operation, while with the initiative "Try This At Home" aims at curbing the Brain Drain in Greece.

For more information about our company visit www.kaizengaming.com.

For corporate responsibility programs visit www.iroes.gr while for the Try This At Home action you can learn more at https://braingain.stoiximan.gr/

About Leap-Gaming

Leap is a developer of high-end virtual-sports, slots, and casino applications serving hundreds of gaming brands and generating tens of thousands of engagement points with end-users. Leap's attention to details in its solutions and services is manifested in the modular engagement terms it offers to its operating partners and its ability to provide seamless experiences across mobile, desktop and retail environments. Leap is licensed by the MGA and certified for other jurisdictions worldwide.

For more information about our company, please visit www.leap-gaming.com.

Ends

For further information on the Company please visit www.fstfwd.co or contact:

Notes

FastForward Innovations is an AIM quoted investment company focused primarily on disruptive high growth life sciences and technology businesses particularly within the medical cannabis arena. The Company's strategy is to identify early-stage opportunities that have an upcoming investment catalyst and grow its portfolio in terms of value whilst limiting the number of investee companies to a level where relevant time can be devoted to each.