- AMPD Ventures (AMPD) has launched a new, investor-focused website
- The company also closed the first tranche of its ongoing convertible debenture financing for gross proceeds of C$550,000
- It remains focused on less capital-intensive approaches with the goal of being cash flow-positive by summer 2023
- CEO James Hursthouse spoke with Simon Druker about the news
- AMPD Ventures is building the world’s most advanced, sustainable range of infrastructure, technologies and creative services for the new era of immersive content experiences
- AMPD Ventures (AMPD) last traded at $0.055 per share
AMPD Ventures (AMPD) has launched a new, investor-focused website.
The website features a clearer delineation of the value AMPD can bring to investors and customers through the immersive digital content ecosystem.
Websites for the company’s subsidiaries, AMPD Technologies and Departure Lounge, continue to be available.
The company continues to focus on less capital-intensive approaches with the goal of being cash flow-positive by summer 2023. Its strategy can be broken down into six points:
- Growth through new technologies and workflows, spearheaded by Departure Lounge’s service revenue generation
- Growth through new media formats and cross-media approaches, marked by Departure Lounge’s co-production with music label, Monstercat, of a 3D music video for artist DJ Whipped Cream, which was recognized as an Official Selection at the 2023 SXSW Festival
- Growth through new platforms
- Growth through entering high-growth, emerging markets, including AMPD Technologies’ ongoing engagement with Thailand’s MQDC for its Cloud 11 metaverse and movie production facility in Bangkok
- Growth through new sectors across enterprise, education, entertainment and commercial applications
- Growth through facilitating new stories and new storytellers, as evidenced by Departure Lounge’s holographic work with Vancouver Indigenous Fashion Week in December 2022
Private placement
The company closed the first tranche of its previously announced C$880,000 non-brokered private placement of convertible debenture units, which are priced at $11,000 per unit.
The first tranche involved the issuance of 50 units for gross proceeds of $550,000.
CEO James Hursthouse spoke with Simon Druker about the news.
AMPD Ventures is building the world’s most advanced, sustainable range of infrastructure, technologies and creative services for the new era of immersive content experiences.
AMPD Ventures (AMPD) last traded at $0.055 per share.
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