x min read

American Leisure Holdings Inc (OTCMKTS:AMLH) Looking To Rebound

American Leisure Holdings Inc (OTCMKTS:AMLH) Looking To Rebound
Written by
Jarrod Wesson
Published on
May 15, 2017
Copy URL
Share on LinkedIn
Share on Reddit
Share on Twitter/X
Share on Facebook
InsidrFinancial

American Leisure Holdings, Inc. (OTCMKTS:AMLH) was covered in this piece and this other article by Insider Financial. Some of our readers have made money thanks to AMLH, thus we will keep writing on it. It has recently put out several press releases that included information provided by the CEO on new management team members, updates about the eSports industry and the announcement of a new investor. Hence, we believed that a new article was necessary to explain what is happening.Did the stock react to the new information provided by the company? Not really. Perhaps, market participants are still digesting, or we are in an accumulation phase. Have a look at the recent price movements.SourceIn this article, you will find only the most recent news about the company. If it is the first time that you are hearing about this eSports player, we encourage you to read our previous pieces about this name. The background, the past financial situation, and information about its management is contained in those articles. Thus, we believe that it will help you fully understand the company.Recent Developments - What recently happened?As mentioned in our recent article, Christian Bishop, CEO of the company, covered the DreamHack 2017 event in April. At this event, he obtained valuable information about the current state in the industry. On May 1, 2017, he used this information to write new insights about the current state of the industry in this press release. From this press release, the team thought that the following information was relevant.The investments being made in the industry are increasing. More than "50 non-endemic brands ranging from food and beverage to communications and transportations companies are investing in eSports." Investors seem to be growing at the same pace as eSport users. The DreamHack event, celebrated in Austin, received more than 15,000 participants and more than 22,000 devices were supported. To sum up, the industry is worth more, as the number of users is growing with each passing day. As a result, the eSports economy is expected to grow by more than 40 percent reaching more than $690 million in 2017.Additionally, on May 3, 2017, the CEO presented in another press release the management team that will be leading the daily operations of the company. These were his words:

"I am beyond excited about the group of talented and experienced leaders who will be working with me toward the achievement of our strategic business objectives," Source

We selected the most remarkable features of each new team member:First of all, the company elected Mariel Reyes as Chief Operating Officer. She will be responsible for the operations of the company, and she seems to be prepared for it. She has the expertise of litigating in the gaming and technology industry. Additionally, Bryan Cashman will be new VP of Operations. He brings to the company more than 15 years of experience in the industry as well as expertise of working for big groups, such as Foodida and Deloitte Consulting. Furthermore, Jim DiPrima will be holding the CFO position. His 40 years of experience of working in financial accounting will surely help him at this new post. Finally, David Mullins, who had worked before for AMLH, will be the new CTO and D. Nikki Wheeler, who has led Fortune 500 technology, oil and gas and communications companies, will be the new Chief Communications Officer.New investorUndoubtedly, the most relevant information that the market got to know recently was released on May 10, 2017. In the press release, it was disclosed that Hollywood Riviera Studios was providing "non-dilutive financing to support the company's upcoming eSports and gaming project". With this news, the company shows that it has finally received the attention of savvy and experienced players in the industry. This is what we could conclude from the information reported about this investor:

"Hollywood Riviera Studios, founded by industry veteran and former news anchor Rolando Nichols, specializes in stage rentals with HD control rooms, eSports productions, live in-studio shows, transmission, and mobile production truck rentals." Source

For the investors, who don't know Mr. Nichols, maybe the following photo rings the bell:SourceHow will the new investor help the company? Hollywood Riviera Studios will help the company by providing access to its facilities in Torrance, CA as well as promoting the GG Studios project. Investors can learn more from the company by visiting its website HollywoodRivieraStudios.com.New platformsAdditionally, the CEO keeps updating investors about the current company's operations and its new initiatives. On this website, we could find out that American Leisure Holdings expects to start delivering shows using Snapchat, in the same way that he uses Facebook:

"We are looking to build up a full esports news organization that’s built around comedy. You will see our company maintaining a presence at every major event and we will continue to support the initiatives around digital content with compelling stories. We are already in talks to provide segments with various platforms such as Snapchat, in addition to our main show." Source

ConclusionIn this update, we got to know more detailed information about the size and potential growth of the the eSports industry. Additionally, the CEO presented new management that will be helping him and noted the arrival of a new investor. Finally, we got to know that soon we will be able to follow the AMLH's shows through Snapchat.Conversely, as we did in this previous article, we encourage investors to check the total outstanding shares from time to time, as dilution may cause the stock price to fall. While writing this article, we did not find any change in the total amount of outstanding shares disclosed by the company. To sum up, AMLH continues to deliver news that market participants should appreciate and investors can look for the share price to rebound. We will be updating our subscribers as soon as we know more. For the latest updates on AMLH, sign up below!Disclosure: We have no position in AMLH and have not been compensated for this article.

Discover Hidden Gems

Don't miss the next big opportunity. Subscribe for timely alerts on potential market movers.