Q1. What is it that Veltyco Group Plc do?
A1. Veltyco Group Plc (LON:VLTY) is a company focused on generating marketing leads and entering into marketing contracts for the activities of its partners in sports betting, casinos, poker games, lottery and binary options, such as Betsafe (online casino and sports betting), Lottopalace (lottery), Option888 and Zoomtrader (both binary options). Veltyco focuses on all of these three complementary activities under one umbrella, leveraging its historical cash generative activities of marketing online casinos and sports betting.
Q2. Can you give us a bit of history around the company?
A2. Veltyco is the result of a merger between Velox3 plc (a shell company listed on AIM) and Sheltyco Enterprises Group ltd, which completed on 30 June 2016. Sheltyco was founded in 2011 and started its first marketing activities for the Betsafe brand in 2012. The Company has been profitable since 2013 and has been using its experience to start marketing lottery and binary options operations since 2015. The group has 3 pillars on which it runs the business and the marketing efforts are led by industry veterans and specialists. The Group has a strong management team based throughout Europe, with a lot of industry knowledge. David Mathewson, former non-executive and later CFO of Playtech, is Chairman of the Group.
Q3. You’ve had some very positive recent news flow, can you talk us through the ZoomTrader Deal?
A3. ZoomtraderGlobal is an option trading platform that is designed to be easy to use and gives traders the ability to trade stocks, currency pairs, commodities and indices on the options market together with money management features that the Directors’ believe are unique in the field. ZoomtraderGlobal offers comprehensive customer support, enabling the provision of quality services, which is key in the operations and is used by Veltyco to maximise the results on these marketing operations.
Q4. And the highlights of the interim results?
A4. The first 6 months of 2016 were strong and showed good operational growth for the businesses. Revenues increased 78% compared to the first 6 months of 2015, showing €2.1 million and EBITDA more than doubled with a 127% rise to €744,000. On the corporate side, the Group finalised the reverse merger and in that process raised cash and converted debt totalling approximately €1.5 million.
Q5. How is the second half progressing, do you feel in a strong position for the FY?
A5. During the first six months of 2016 Veltyco Group Plc commenced various marketing and promotion activities on the binary options and lottery platforms. The directors believe there is great potential for the business. Moreover, the markets for online gaming, lottery and binary will continue to develop strongly.
