VANCOUVER, BC / ACCESSWIRE / August 15, 2019 / YDX Innovation Corp (TSX-V: YDX, OTC: YDRMF, FSE: A2PB03) ("YDX" or the "Company") is pleased to announce that has signed a project development agreement with a main sponsor to create an immersive exhibition about the importance of water to our planet and for humankind. The project is expected to generate revenues of CDN$220,000 and will be located in Brazil.
The exhibition entitled "Water and Us" was created and designed by the YDreams Global team and guest artists to inspire and educate about the different ways water is essential to life on Earth and how it can be preserved. Inauguration is set for August and is anticipated to be open to the public for 5 months. Over 140,000 visitors are expected to visit the exhibition.
"We are very passionate about our educational projects. That's why we decided to create this exhibition and do our part in helping to ensure that our kids and their kids will have access to clean water. Humankind is being careless with some of our most precious resources, including water, and we need to talk about it. YDreams Global was created with the goal to make a difference and we are happy to have found in Deca and Unibes the partnership to make this exhibition come to life," stated Karina Israel, COO and co-founder of YDX and YDreams Global and co-creator of the exhibition.
Deca (https://www.deca.com.br/), the first confirmed sponsor, is the largest manufacturer of sanitary ware and metal fittings in the Southern Hemisphere and a leader in the Brazilian market, as well as exporting to the four continents, according to the company's website. The company is an advocate for sustainability and social responsibility, creating its own program to fight water waste and help buildings and business improve their water efficiency.
This project also has a partnership with Unibes, a nonprofit organization that for over 100 years has been helping communities in Brazil with several programs that started in the early 1900s, helping immigrants seeking refuge in Brazil from war. They also own a Cultural Center in the heart of the city of Sao Paulo. More sponsors are being negotiated to expand the budget to bring the Project to other locations.
The Company owns the rights to bring the Exhibition "Water and Us" to other locations after its completion at the Unibes Cultural Center.
Although the project represents a growing trend and focus on creative VR projects for the Company, revenues and other financial metrics at this moment from the project are not material to the Company and are generally consistent with other recent completed projects and those in the Company's current pipeline.
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 release.
This communication contains "forward-looking statements" within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact herein, including, without limitation, statements regarding our current and future plans and objectives, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and future events and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations as well as a list of risk factors that we deem relevant are disclosed in the documents we file from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound. Forward-looking statements are based on our current assumptions, estimates and opinions and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. We do not undertake any obligation to update forward-looking statements should our assumptions, estimates or opinions change, other than as required by law and readers are advised not to place undue reliance on forward-looking statements.
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward‐looking statements". Forward‐looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward‐looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward‐looking statements.
SOURCE: YDX Innovation Corp.
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