| 20th January 2017 |
NASDAQ FIRST NORTH, COPENHAGEN
GATE VENTURES PLC
SHORT NAME: "GATE"
Trading Update
On the 17th November 2016, Gate Ventures Plc ("the Company" or "Gate Ventures") acquired from Rosemary Reed and Corinna McCann, their shares in Infinity House Productions Limited, making that company a wholly owned subsidiary. The subsidiary has been renamed and rebranded as Gate Reality Limited and has subsequently set up operations in UK, US and China under new management. On the 17th November 2016, Gate Ventures Plc ceased their business relationship with Rosemary Reed, Corinna McCann and their company Infinity House Productions and Retail Limited which continues to operate using the Infinity brand.
Geoff Morrow, Chief Executive Officer of Gate Ventures said: "Without doubt, Virtual Reality is going to be as important in the future of visual arts as the revolution of coloured television and video. Gate are at the forefront of that revolution and already have an impressive pipeline of opportunities at an advanced stage"
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For further information:
| Gate Ventures Plc | |
| Dr Johnny Hon, Chairman Geoff Morrow, CEO | Tel: +44 (0) 20 7016 9963 www.gateplc.com |
| Certified Adviser | |
| Keswick Global AG Tim Curle / Klaus Schwerdtfeger | Tel: +43 1 740 408 045 info@keswickglobal.com |
Media enquiries:
| Abchurch Communications Limited | |
| Julian Bosdet/ Dr. Jenny Lee / Rebecca Clube | Tel: +44 (0) 20 7398 7714 |
| GateVentures@abchurch-group.com | www.abchurch-group.com |
Notes to Editors
Gate Ventures Plc
Gate Ventures Plc was founded in 2015 to make investments and capitalise on potential opportunities in the media and entertainment sectors. The Company focuses primarily on investments and operational opportunities in the UK and China covering theatre, television, media technology and e-commerce.
The Company's investments include various theatre productions such as the successful Sunset Boulevard and the upcoming highly anticipated 42nd Street, virtual reality ("VR"), and technology companies Bink and PlayJam amongst many others. Gate Ventures has made a total of nine investments since it was established, and to date, has successfully raised over £14 million reflecting the Company's significant growth thus far.