Toronto-based theScore Inc (TSX-V: SCR), a portfolio company of Canadian venture capital firm Relay Ventures, has been introduced to the 2015 TSX Venture 50, a list of the top 50 businesses on the TSX Venture Exchange. The company, which was founded in 2012, is a provider of full digital services to sports fans across all major mobile platforms. Last year, theScore raised $17.25 million in follow-on financing from Relay and Levfam Holdings. It also acquired daily fantasy sports game Swoopt.
theScore Named a Top TSX Venture Company
Leading mobile sports company earns ranking in 2015 TSX Venture 50® list
TORONTO, Feb. 11, 2015 /CNW/ – theScore, Inc. (TSX Venture: SCR) (“theScore”) was today included within the 2015 TSX Venture 50®, a list of the top 50 companies listed on the TSX Venture Exchange.
The TSX Venture 50® is made-up of the top 10 companies listed on the TSX Venture Exchange, in each of five major industry sectors – mining, oil & gas, technology & life sciences, diversified industries and clean technology – based on a ranking formula with equal weighting given to return on investment, market cap growth, trading volume and analyst coverage.
theScore was named as the top company within the diversified industries category. Each of the companies chosen for the 2015 TSX Venture 50® had seen “impressive growth over the past year, offered strong return to their shareholders and are actively traded in the market.”
“It’s great to see theScore recognized in the 2015 TSX Venture 50® for the value we’ve been able to provide our shareholders,” said John Levy, Founder and CEO of theScore.
“We’re extremely excited to see what the rest of 2015 has in store as we continue to grow the user base of our mobile platforms – particularly following our recent acquisition of daily fantasy sports game Swoopt and our entry into the burgeoning competitive video game scene with theScore eSports.”
theScore eSports launched last week, making theScore the first major sports media company to launch a dedicated mobile app providing scores, news and stats for eSports and competitive video gaming. In December, theScore acquired mobile-first daily fantasy sports game Swoopt, providing theScore with a strategic entry point into the daily fantasy sports space.
Last month, theScore’s reported that average monthly active users of its mobile platforms reached a record 10.2 million in Q1 F2015 (Sep-Nov 2014), an increase of 112% compared to the same period in F2014.
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About theScore Inc.
theScore, Inc. is an independent creator of mobile-first sports experiences, connecting fans to what they love through an addictive combination of comprehensive and personalized real-time news, scores, stats, alerts and daily fantasy sports contests via its mobile sports platforms ‘theScore,’ ‘theScore eSports,’ ‘ScoreMobileFC’ and ‘Swoopt.’
Forward-looking (safe harbour) statement
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as “may”, “would”, “could”, “will”, “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Annual Information Form and Q1 F2015 MD&A as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.
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