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Quantum International Income Corp. to Acquire Assets from Goldstar Amusements LLC to Continue Its Consolidation of the Georgia Gaming Market

TORONTO, ONTARIO / ACCESSWIRE / November 8, 2018 / Quantum International Income Corp. (the "Corporation" or "Quantum") (TSXV: QIC) is pleased to announce that its majority-owned subsidiary, Lucky Bucks, LLC ("Lucky Bucks"), has entered into a definitive asset purchase agreement (the "Agreement") to acquire nine gaming contracts from Goldstar Amusement LLC, a digital skill-based gaming terminal operator based in the U.S. State of Georgia (the "Acquisition"). The Acquisition is expected to be completed in approximately one week, the purchase price for which is expected to be funded by Lucky Bucks through the advancement of a loan pursuant to a senior secured credit facility described in more detail in the press release of the Corporation dated April 10, 2018 (the "Acquisition Financing").

Manu K. Sekhri, Chief Executive Officer of Quantum, added the following remarks: "We are very pleased to be back in acquisition mode and to add these high quality locations to our growing business in the Georgia gaming market."

The gaming terminals at the acquired locations are fully licensed and governed by the Georgia State Lottery and offer players a variety of skill-based coin-operated amusement machines.

The Acquisition will be completed pursuant to the Agreement, which contains customary provisions for transactions of this nature, including payment of purchase price, transaction structure, representations, warranties, covenants, closing conditions and indemnities.

The purchase price for the Acquisition is US$4,439,644.

About Quantum International Income Corp.

Quantum International Income Corp. is a gaming company. Quantum's vision is to build a diversified portfolio of world class gaming operations. The Corporation looks to enhance shareholder value by growing organically and through acquisitions. The Corporation has an active acquisition strategy with a particular focus on cash-flows and high margins. Currently, the Corporation is the largest route operator of skill-based gaming machines in the State of Georgia, United States of America.

For more information about Quantum is available online at www.quantumincomecorp.com.

For further information please contact Quantum:

Manish Grigo
Vice President, Corporate Affairs
Telephone: (416) 569-3292
manish@quantumincomecorp.com

Stephanie Lippa
Office Manager
Tel. (416) 477-3411
stephanie@quantumincomecorp.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding Forward-Looking Information

This news release may contain forward-looking statements or "forward-looking information" within the meaning of applicable Canadian securities laws ("forward-looking statements"). Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

All forward-looking statements reflect the Corporation's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Corporation's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Corporation believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements. The key assumptions that have been made in connection with the forward-looking statements include the following: the digital gaming terminals being fully-licensed by the Georgia State Lottery, the continuation of the Corporation's consolidation strategy in the Georgia gaming market, the growing footprint of Quantum in the Georgia gaming market, generating value for the shareholders of the Corporation, the regulatory regime governing the business of Quantum in Georgia, the exchange rate between the U.S. dollar and Canadian dollar, the ability to grow the business and generate stable distributions for shareholders, the availability of high growth, high margin opportunities, and the execution of the Corporation's business strategy.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the availability of opportunities to consolidate additional assets in the Georgia gaming market, the availability of investment opportunities on terms acceptable to the Corporation, the regulatory regime in the State of Georgia, the licensing regime governing the Georgia State Lottery, the Company’s ability to complete the Acquisition, the exchange rate between the U.S. dollar and Canadian dollar, and other internal and external factors disclosed in the most recent annual information form of the Corporation and other documents publicly filed by the Corporation. Although Quantum has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

The Corporation disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise, except in accordance with applicable securities laws.

SOURCE: Quantum International Income Corp.



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https://www.accesswire.com/527467/Quantum-International-Income-Corp-to-Acquire-Assets-from-Goldstar-Amusements-LLC-to-Continue-Its-Consolidation-of-the-Georgia-Gaming-Market

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