OHGI’s Love Media House Secures up to $1 Million for Production of ‘Laundry Service’ Docuseries

MIAMI and LOS ANGELES, Sept. 27, 2018 (GLOBE NEWSWIRE) — One Horizon Group’s (NASDAQ: OHGI) one-hundred percent owned subsidiary Love Media House (“LMH”) has entered into a definitive agreement to film and produce a six-episode docuseries of the life story of Ramon Milian Rodriguez and has also secured production funding from Black Hole Entertainment up to $1 million with an initial commitment of $250,000.

LMH has already completed the treatment and pre-production phase for the docuseries based around the life of the infamous money launderer, Ramon Milian Rodriguez. Rodriguez was the accountant for Pablo Escobar and Manuel Noriega and allegedly a covert operative for the CIA who was deeply entrenched in the famous Iran-contra scandal with Oliver North.

Reporting on Rodriguez’ testimony, The New York Times reported that Rodriguez moved approximately $11 billion in drug profits from secret safehouses around the United States run by the Colombian Medellin cartel, through Miami to Panama.  Rodriguez said he personally earned about $2 million to $3 million a month, and that toward the end of his career, he was laundering $200 million monthly.

Rodriguez was arrested on May 4, 1983, attempting to leave from Florida’s Fort Lauderdale Hollywood International Airport on his Lear Jet to Panama with $5,447,949 in cash. Federal authorities also found on the plane his attaché case, containing detailed records pertaining to his money smuggling activities and documentation of his prior transportation to Panama of more than $146 million of dirty money between August 1982 and April 1983.

Rodriguez served a sentence of 25 years after his take down, which is documented in public recordings of C-Span hearings of his testimony before the U.S. Senate and former Senator and later presidential candidate, John Kerry. Rodriguez is now a free man and living in Miami, Florida.

After spending over 25 years in prison, Rodriguez said, “It was all about the money … the money was more addictive than drugs, power and corruption … at the end of the day, whoever had the most won.  Love Media House and OHGI understand my vision and I can’t wait for the world to hear my side of the story.”

“We are excited to commence production of ‘Laundry Service,’ beginning this October,” said Patricia Nieto, co-CEO of Love Media House.  “Although we have just completed pre-production, we have already been approached by multiple distributors and we are in conversations with various well-known streaming platforms who are interested in acquiring the rights for certain major markets.”

“We are proud of Love Media House for securing the funding for the production of a docuseries to tell Mr. Rodriguez’ version of this fascinating untold, real-life story,” said Mark White, Founder and CEO of OHGI. “We will be providing our shareholders with a further material business update, perhaps as early as tomorrow, and we will also be informing shareholders regarding developments with respect to previously announced transactions next week.”

OHGI Announces Chantel Jeffries as 123Wish Super Star for Global Citizen Festival

LOS ANGELES, Sept. 18, 2018 (GLOBE NEWSWIRE) — One Horizon Group’s (NASDAQ: OHGI) majority-owned subsidiary 123Wish reported last week that it had entered into a definitive agreement to launch an exclusive experience for a lucky winner to attend as a VIP at the Global Citizen Festival in New York City on Saturday, September 29, 2018.

Chantel Jeffries, celebrity model and disc jockey (DJ), is also an actor who has recently been featured in movies such as The Perfect Match and A Weekend with the Family.  She is signed to Universal Music Group and has released three songs this year, two of which charted and one of which broke the Top 10 on the Billboard Hot Dance / Electronic Chart.  Chantel Jeffries has more than 4 million followers on Instagram and nearly 1 million subscribers on her YouTube channel.

The Chantel Jeffries and 123Wish Super Star Experience for Global Citizen will be promoted prior to the Festival through 123Wish’s App available in the Apple App Store and on Google Play as well as by Chantel Jeffries via social media.

The Global Citizen Festival will take place on Central Park’s Great Lawn, and features musical acts Janet Jackson, The Weeknd, Shawn Mendes, Cardi B, Janelle Monae and John Legend and is hosted by Deborra-Lee Furness and Hugh Jackman.

“Global Citizen would like to reach a younger generation as the organization makes such a huge difference in the world,” said Natalia Diaz Weissman, CEO of 123Wish. “We worked together to identify Chantel Jeffries and have her become a 123Wish Super Star in support of this great cause.”

“I’m so excited to be working with 123Wish to bring a lucky fan a once in a lifetime experience,” said Chantel Jeffries. “We’ve partnered with Global Citizen to give a winner the chance to hang out with me as a VIP guest, at the Global Citizen Festival in NYC this year!”

“This is a fabulous opportunity for engagement as 123Wish continues to expand its reach,” said Mark White, Founder and CEO of OHGI. “We expect to provide an important update regarding 123Wish and our other businesses prior to month-end.”

OHGI’s 123Wish Chosen to Launch Global Citizen Experience in NYC

LOS ANGELES, Sept. 12, 2018 (GLOBE NEWSWIRE) — One Horizon Group’s (NASDAQ: OHGI) majority-owned subsidiary 123Wish has entered into a definitive agreement to launch an exclusive experience for a lucky winner to attend as a VIP at the Global Citizen Festival in New York City on Saturday, September 29, 2018.

Through 123Wish, the experience will be promoted prior to the Festival and 123Wish will launch a marketing campaign to raise awareness for the Festival and its contribution through 123Wish’s once-in-a-lifetime marketplace of experiences.

Since 2012, nearly 16 million actions by Global Citizens have helped generate commitments and policy announcements from leaders valued at over $37.9 billion.  These commitments impact more than 2.25 billion people with interventions that range from vaccinating a child to providing one year of education.

123Wish joins major partners including Citi, Johnson & Johnson, Proctor & Gamble, Verizon, associate partner Microsoft, and others to help lift individuals from extreme poverty honoring Nelson Mandela in the year he would have turned 100.

The Global Citizen Festival, produced in partnership with Live Nation, will take place on Central Park’s Great Lawn, and features musical acts Janet Jackson, The Weeknd, Shawn Mendes, Cardi B, Janelle Monae and John Legend and is hosted by Deborra-Lee Furness and Hugh Jackman.  These artists are partnering with world leaders to put in place a series of actions to create change throughout the globe.

“We are so excited to have this opportunity to be a catalyst for social good along with Global Citizen,” said Natalia Diaz Weissman, CEO of 123Wish.  “Global Citizen has already made such an incredible impact and is an unbelievable organization whose authenticity in affecting change resonates with the very best of people and certainly Gen Z.”

“We are proud of 123Wish for forging this relationship,” said Mark White, Founder and CEO of OHGI.  “We believe it is part of our corporate responsibility to give back to our world by helping Global Citizen change one life at a time.  It is encouraging that large, global and domestic non-profits and corporations see the value in the 123Wish platform and our ability to adapt it to address the missions and business desires of leading organizations and corporations.”

One Horizon Group Reports Second Quarter 2018 Results and Provides Business Update

In the second quarter, OHGI’s overall business rose 7% compared to the quarter ended March 31, 2018. The digital experience and media content and music divisions (the “Entertainment Division”), Love Media House and 123Wish, contributed $192,000 of the $294,000 total revenue. The software division, Horizon Secure Messaging and Banana Whale Studios gaming software (the “Software Division”), contributed $102,000. Banana Whale achieved its revenue targets for May and June 2018 as set out in the management forecast reviewed at the time of its acquisition.

“This was a quarter where we were integrating the companies that we acquired during the last six months into our overall framework as we work towards meeting our stated goals to substantially increase revenue on a year-over-year basis,” said Martin Ward, CFO of One Horizon Group. “We expect that next quarter the Entertainment Division will increase revenues by approximately 30% and the Software Division will increase revenues by at least 45% percent. The total revenue for OHGI should show growth of more than 36%, not including revenue from other transactions and new business that we expect to realize in the third quarter, which could yield substantially stronger combined results.”

“I am pleased with the overall growth of our business and the contribution of each of our subsidiaries,” said Mark White, Founder and CEO of One Horizon Group. “We have nearly completed our due diligence on Browning Productions & Entertainment and expect to enter into an extension of the Term Sheet this week as we contemplate the possibility of closing this transaction later in the current quarter. In addition, this quarter will be the first where we will be entering into large-scale transactions to provide access to our 123Wish platform on a white-label basis to highly recognizable consumer brands. We are enthusiastic about the revenue potential based on licensing agreements and the closing of any one of these deals will be hugely beneficial to the financial picture of our Company.”

“I would like to add that based on the growth of our business and our visibility, it is our view that we are currently highly undervalued from a market capitalization perspective and that a near term market value of our common shares of not less than $50 million would be more in line with our current and prospective business,” said White. “We are hopeful that after we are able to share additional updates with our shareholders and the market at large, that we will not need to perform a reverse split in order to maintain compliance with NASDAQ listing standards.”

Safe Harbor Statement

This news release may contain “forward-looking” statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ from those in the forward looking-statements. Potential risks include such factors as the inability to enter into agreements with parties with whom we are in discussions, the uncertainty of consumer demand for the Company’s products, as well as additional risks and uncertainties that are identified and described in the Company’s SEC reports. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.

One Horizon Group CEO Mark White Provides Update to Shareholders

Dear Fellow Shareholders –

Please let me take this opportunity to thank you for your support and to provide you a detailed update with respect to our business activities.

Like many of you, I am keenly aware that our stock price is an important measure of our Company’s health.  Notwithstanding the progress we have made since I rejoined One Horizon Group last fall, in recent months our stock price has come under pressure.

Based on our analysis and shareholder dialogue, there are two principal reasons why our stock is trading at a discount to what we believe is its true fair market value: (1) the litigation initiated by Zhanming Wu; and (2) a lack of clarity regarding the strategy behind our acquisition of a majority stake in Banana Whale Studios.

We remain confident in our litigation position and we expect the matter with Mr. Wu to be resolved in due course.

One Horizon’s acquisition of Banana Whale is central to our strategy to position One Horizon as a leader in the digital and cashless payment systems market, and to capitalize on our unique mobile APP-based social media marketplace for experiences and now, our gaming engine. All of the acquisitions we have made to date are complementary; our subsidiaries will provide key services to each other and our clients.

Our relationship with Minor League Baseball (“MiLB”) is an example of where the strengths of our various subsidiaries will prove useful.  123Wish, one of our other subsidiaries, is in the process of adapting its platform specifically for MiLB.  123Wish’s platform will be integrated with MiLB’s mobile APP to offer once-in-a-lifetime opportunities for MiLB fans to engage in experiences with their favorite MiLB players and teams as well as other influencers and brands supportive of MiLB.

As part of our relationship with MiLB, we will manage joint business activities arising as a result of new payment methods, including co-branded credit cards, prepaid cards, corporate cards, debit cards, virtual cards, purchasing cards, e-commerce payments, digital wallets, contactless and mobile payments.  Developers at 123Wish and Banana Whale have been working for months on digital payment systems and currencies that will serve an array of related markets ranging from credit and debit card reward programs, electronic payments, mobile and web-based gaming, cashless business, digital wallets and charitable giving, among others.

In the case of the MiLB APP powered by 123Wish’s platform, we will participate in the economics along with MiLB, a credit card association (Mastercard or Visa) and an issuer bank. There will be local, regional and national opportunities for access to exclusive seats and merchandise and chances to engage directly with players from fans’ favorite MiLB teams. In addition, holders of the MiLB credit card will be able to access their account information directly through the MiLB APP and have the ability to redeem digital currency for the purchase of curated experiences, tickets and merchandise.

Since the June 29, 2018, MiLB announcement, I participated along with top MiLB management at the MiLB Partner Summit, which took place in Columbus, Ohio on July 10 and 11. I then traveled to Minneapolis, Minnesota on July 12 and 13, to meet with one of the potential credit card issuer banks with whom we are in discussions along with their rewards management partner. Talks with this bank and others are ongoing and have been favorable. Last Friday, members of our team met at MiLB headquarters to discuss the process of integrating the 123Wish platform and the MiLB APP, and we are in the process of negotiating a broad contract with MiLB.  As earlier reported, One Horizon should anticipate revenues of more than $40 million during the initial contract term of approximately six years, from card activations, ongoing fees based on monthly card spend, and that we will receive a share of interest and fees generated.

Original content, video and music production, are key to the success of the 123Wish celebrity experience platform as well as the anticipated MiLB experiences. As part of our strategy, One Horizon-owned Love Media House will help create necessary content and already has been hard at work filming experiences purchased or won by 123Wish subscribers. The addition of this new experience-based content on the 123Wish APP has been driving subscriber growth as well as APP downloads and views. Here are some highlights from the 123Wish analytics from July 15 – 22: 80 new subscribers; 187 new downloads; 6697 website page views; and more than 40,000 Instagram impressions and views related to the Love Media House-created, video content.

In addition to Banana Whale’s growing gaming business, Banana Whale provides us with blockchain development capacity as well as payment systems experience across various currency platforms.  Digital payment systems will streamline the purchase of entries into these experiences and underpin card program rewards. As part of our stategy, this month we completed blockchain integration for Banana Whale’s “Limitless” gaming platform, allowing operators to accept cryptocurrency payments and providing related support. Our “Limitless Wallet” can now accept and settle cryptocurrency-based payments in addition to payments in all major fiat currencies.

Some shareholders are concerned that approximately seven million shares were issued upon closing of the Banana Whale transaction. I want to assure you that all of the shares are restricted and subject to performance metrics, which reflect approximately $5.0 million in net profits that Banana Whale management projected it would generate over the next 24 months. Although the shares were issued to Banana Whale’s principals up front, as in the case of our other acquisitions, the number of shares they will retain is determined by the net profit Banana Whale generates over the next 24 months.  Absent performance, all of the approximately 7 million shares will be forfeited.  From what we have seen to date, we remain confident that Banana Whale will make a solid contribution to our profits.

I would also like to update you on the progress of our proposed acquisition of Browning Production and Entertainment (“BP&E”). We were, unfortunately delayed in our due diligence process, which has impacted our timetable. We are currently working closely with BP&E and expect to update the market in the coming weeks.

In summary, I believe the recent decline in our stock price is an overreaction to a litigation that will find a resolution and that should not impact our business strategy as well as poor communication regarding the merits surrounding the Company’s acquisition of Banana Whale.  It is my hope that you can appreciate the logic and business purpose behind the acquisitions that we have made, which have been accretive and are currently generating revenue, as we work to establish ourselves as a leader at the crossroads of disruptive mobile APP-based social media, gaming, electronic commerce and secure digital transactions.

Thank you all once again for your confidence and support.  I look to our bright future with you with great anticipation.

Warm regards,

Mark White
CEO, One Horizon Group, Inc.

Safe Harbor Statement

This news release may contain “forward-looking” statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ from those in the forward looking-statements. Potential risks and uncertainties include such factors as the inability to enter into definitive agreements with MiLB, the continued appeal of MiLB to its fan base and uncertainty of consumer demand for the Company’s products, as well as additional risks and uncertainties that are identified and described in Company’s SEC reports. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.

One Horizon Group CEO Mark White Provides Update to Shareholders

Dear Fellow Shareholders –

Please let me take this opportunity to thank you for your support and to provide you a detailed update with respect to our business activities.

Like many of you, I am keenly aware that our stock price is an important measure of our Company’s health.  Notwithstanding the progress we have made since I rejoined One Horizon Group last fall, in recent months our stock price has come under pressure.

Based on our analysis and shareholder dialogue, there are two principal reasons why our stock is trading at a discount to what we believe is its true fair market value: (1) the litigation initiated by Zhanming Wu; and (2) a lack of clarity regarding the strategy behind our acquisition of a majority stake in Banana Whale Studios.

We remain confident in our litigation position and we expect the matter with Mr. Wu to be resolved in due course.

One Horizon’s acquisition of Banana Whale is central to our strategy to position One Horizon as a leader in the digital and cashless payment systems market, and to capitalize on our unique mobile APP-based social media marketplace for experiences and now, our gaming engine. All of the acquisitions we have made to date are complementary; our subsidiaries will provide key services to each other and our clients.

Our relationship with Minor League Baseball (“MiLB”) is an example of where the strengths of our various subsidiaries will prove useful.  123Wish, one of our other subsidiaries, is in the process of adapting its platform specifically for MiLB.  123Wish’s platform will be integrated with MiLB’s mobile APP to offer once-in-a-lifetime opportunities for MiLB fans to engage in experiences with their favorite MiLB players and teams as well as other influencers and brands supportive of MiLB.

As part of our relationship with MiLB, we will manage joint business activities arising as a result of new payment methods, including co-branded credit cards, prepaid cards, corporate cards, debit cards, virtual cards, purchasing cards, e-commerce payments, digital wallets, contactless and mobile payments.  Developers at 123Wish and Banana Whale have been working for months on digital payment systems and currencies that will serve an array of related markets ranging from credit and debit card reward programs, electronic payments, mobile and web-based gaming, cashless business, digital wallets and charitable giving, among others.

In the case of the MiLB APP powered by 123Wish’s platform, we will participate in the economics along with MiLB, a credit card association (Mastercard or Visa) and an issuer bank. There will be local, regional and national opportunities for access to exclusive seats and merchandise and chances to engage directly with players from fans’ favorite MiLB teams. In addition, holders of the MiLB credit card will be able to access their account information directly through the MiLB APP and have the ability to redeem digital currency for the purchase of curated experiences, tickets and merchandise.

Since the June 29, 2018, MiLB announcement, I participated along with top MiLB management at the MiLB Partner Summit, which took place in Columbus, Ohio on July 10 and 11. I then traveled to Minneapolis, Minnesota on July 12 and 13, to meet with one of the potential credit card issuer banks with whom we are in discussions along with their rewards management partner. Talks with this bank and others are ongoing and have been favorable. Last Friday, members of our team met at MiLB headquarters to discuss the process of integrating the 123Wish platform and the MiLB APP, and we are in the process of negotiating a broad contract with MiLB.  As earlier reported, One Horizon should anticipate revenues of more than $40 million during the initial contract term of approximately six years, from card activations, ongoing fees based on monthly card spend, and that we will receive a share of interest and fees generated.

Original content, video and music production, are key to the success of the 123Wish celebrity experience platform as well as the anticipated MiLB experiences. As part of our strategy, One Horizon-owned Love Media House will help create necessary content and already has been hard at work filming experiences purchased or won by 123Wish subscribers. The addition of this new experience-based content on the 123Wish APP has been driving subscriber growth as well as APP downloads and views. Here are some highlights from the 123Wish analytics from July 15 – 22: 80 new subscribers; 187 new downloads; 6697 website page views; and more than 40,000 Instagram impressions and views related to the Love Media House-created, video content.

In addition to Banana Whale’s growing gaming business, Banana Whale provides us with blockchain development capacity as well as payment systems experience across various currency platforms.  Digital payment systems will streamline the purchase of entries into these experiences and underpin card program rewards. As part of our stategy, this month we completed blockchain integration for Banana Whale’s “Limitless” gaming platform, allowing operators to accept cryptocurrency payments and providing related support. Our “Limitless Wallet” can now accept and settle cryptocurrency-based payments in addition to payments in all major fiat currencies.

Some shareholders are concerned that approximately seven million shares were issued upon closing of the Banana Whale transaction. I want to assure you that all of the shares are restricted and subject to performance metrics, which reflect approximately $5.0 million in net profits that Banana Whale management projected it would generate over the next 24 months. Although the shares were issued to Banana Whale’s principals up front, as in the case of our other acquisitions, the number of shares they will retain is determined by the net profit Banana Whale generates over the next 24 months.  Absent performance, all of the approximately 7 million shares will be forfeited.  From what we have seen to date, we remain confident that Banana Whale will make a solid contribution to our profits.

I would also like to update you on the progress of our proposed acquisition of Browning Production and Entertainment (“BP&E”). We were, unfortunately delayed in our due diligence process, which has impacted our timetable. We are currently working closely with BP&E and expect to update the market in the coming weeks.

In summary, I believe the recent decline in our stock price is an overreaction to a litigation that will find a resolution and that should not impact our business strategy as well as poor communication regarding the merits surrounding the Company’s acquisition of Banana Whale.  It is my hope that you can appreciate the logic and business purpose behind the acquisitions that we have made, which have been accretive and are currently generating revenue, as we work to establish ourselves as a leader at the crossroads of disruptive mobile APP-based social media, gaming, electronic commerce and secure digital transactions.

Thank you all once again for your confidence and support.  I look to our bright future with you with great anticipation.

Warm regards,

Mark White
CEO, One Horizon Group, Inc.

Safe Harbor Statement

This news release may contain “forward-looking” statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ from those in the forward looking-statements. Potential risks and uncertainties include such factors as the inability to enter into definitive agreements with MiLB, the continued appeal of MiLB to its fan base and uncertainty of consumer demand for the Company’s products, as well as additional risks and uncertainties that are identified and described in Company’s SEC reports. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.

One Horizon Group’s Banana Whale Studios Announces Launch of ‘Limitless’ Game Engine

LONDON and SINGAPORE, July 10, 2018 (GLOBE NEWSWIRE) — One Horizon Group, Inc. (NASDAQ:OHGI) today announced that its majority-owned subsidiary Banana Whale Studios Pte, Ltd. (“BWS”) in June launched its all new game engine, ‘Limitless,’ enabling support and operation of BWS’ games for their licensed operators.

BWS built ‘Limitless’ from the ground up specifically to provide an end-to-end solution including player transaction records and features ‘Pulse,’ BWS’ proprietary data analytics platform. With live access to player data, BWS monitors and manages business Key Performance Indicators (“KPIs”) with real-time insight.

Analysis of player behavior, demographic and device usage data enables BWS to continuously refine and model the development of new content and its delivery moving forward. It’s fast, intelligent, infinitely scalable and supports all types of BWS’ real-time gaming products across mobile and web-based platforms and provides licensed partners with a dedicated environment and seamless wallet integration.

Just since launching ‘Limitless’ last month, 1,765,480 game rounds have been completed by users of BWS’ licensed content (with of a peak of 9,462 real money transactions in one hour in the first week of July). This puts BWS ahead of its earlier financial forecast for 2018 and BWS’ five newest titles have been well received by licensees and operators with more than 50,000 game plays since launch in mid-June.

BWS will release an additional series of new game titles in July in line with the Company’s plans to expand its portfolio to an impressive fifty game titles by year-end.  In addition to launching in new markets, BWS continues to gain market share in Southeast Asia.

“It’s been a busy few months at BWS and we’re elated to be growing the team in accordance with our expansion plan for 2018,” said Sargon Petros, CEO of Banana Whale Studios. “With impressive demand for our unique style of games from new partners, we will deliver our portfolio to additional markets and a broader audience. It’s a very exciting time for BWS and a testament to the skill, hard work and meticulous planning of the entire team that has got us to this point.”

“We are pleased with the rapid integration of BWS into the OHGI family of companies and we are now working with BWS to support the development of a number of branded games through licensing opportunities provided by OHGI,” said Mark White, Founder and CEO of OHGI. “We are thrilled with the revenue growth that we are experiencing and we are very proud that we have been able to see BWS generate additional revenue following its launch of ‘Limitless’ so quickly post-acquisition.”

One Horizon Group’s Banana Whale Studios Announces Launch of ‘Limitless’ Game Engine

LONDON and SINGAPORE, July 10, 2018 (GLOBE NEWSWIRE) — One Horizon Group, Inc. (NASDAQ:OHGI) today announced that its majority-owned subsidiary Banana Whale Studios Pte, Ltd. (“BWS”) in June launched its all new game engine, ‘Limitless,’ enabling support and operation of BWS’ games for their licensed operators.

BWS built ‘Limitless’ from the ground up specifically to provide an end-to-end solution including player transaction records and features ‘Pulse,’ BWS’ proprietary data analytics platform. With live access to player data, BWS monitors and manages business Key Performance Indicators (“KPIs”) with real-time insight.

Analysis of player behavior, demographic and device usage data enables BWS to continuously refine and model the development of new content and its delivery moving forward. It’s fast, intelligent, infinitely scalable and supports all types of BWS’ real-time gaming products across mobile and web-based platforms and provides licensed partners with a dedicated environment and seamless wallet integration.

Just since launching ‘Limitless’ last month, 1,765,480 game rounds have been completed by users of BWS’ licensed content (with of a peak of 9,462 real money transactions in one hour in the first week of July). This puts BWS ahead of its earlier financial forecast for 2018 and BWS’ five newest titles have been well received by licensees and operators with more than 50,000 game plays since launch in mid-June.

BWS will release an additional series of new game titles in July in line with the Company’s plans to expand its portfolio to an impressive fifty game titles by year-end.  In addition to launching in new markets, BWS continues to gain market share in Southeast Asia.

“It’s been a busy few months at BWS and we’re elated to be growing the team in accordance with our expansion plan for 2018,” said Sargon Petros, CEO of Banana Whale Studios. “With impressive demand for our unique style of games from new partners, we will deliver our portfolio to additional markets and a broader audience. It’s a very exciting time for BWS and a testament to the skill, hard work and meticulous planning of the entire team that has got us to this point.”

“We are pleased with the rapid integration of BWS into the OHGI family of companies and we are now working with BWS to support the development of a number of branded games through licensing opportunities provided by OHGI,” said Mark White, Founder and CEO of OHGI. “We are thrilled with the revenue growth that we are experiencing and we are very proud that we have been able to see BWS generate additional revenue following its launch of ‘Limitless’ so quickly post-acquisition.”

One Horizon Provides Update on Love Media House

LONDON, MIAMI and LOS ANGELES, June 28, 2018 (GLOBE NEWSWIRE) — One Horizon Group, Inc. (NASDAQ:OHGI) today announced a business update with respect to its wholly-owned subsidiary Love Media House, Inc. (LMH), formerly called C-Rod, Inc.

LMH

The LMH team recently completed a commercial for The Lapel Project, a Shark Tank product backed by Mark Cuban, which LMH expects to go viral in the near future.

LMH has also reached an agreement to produce a six-series documentary about the life story and experiences of Ramon Milian Rodriguez, accountant to Pablo Escobar, which will tell the ‘real story’ as it has never been previously told.

For more information about Ramon Milian Rodriguez, please see the following from the Senate hearings as captured by C-SPAN:

https://www.c-span.org/video/?2107-1/drug-control-central-america-day-3

https://www.c-span.org/video/?1456-1/drug-control-panama-day-4

Based on specific discussions that LMH has had with certain third-parties based on the project treatment and given industry metrics, OHGI expects that this project will generate not less than $1.5 million in income.

LMH continues to work with a number of highly regarded music artists and has had several music tracks as well as music videos chart in the top-ten on Billboard. One of its recently released videos has been viewed nearly 2 million times on YouTube.

LMH has entered into a 360-deal with a promising pop artist and will be releasing several new singles and shooting related music videos over the next few months.

LMH forecasts that it will generate at least an additional $300,000 from ongoing projects this year.

LMH and 123Wish

The management teams of LMH and 123Wish, a majority-owned subsidiary of OHGI, have been working closely together to create, develop and edit exclusive content to be launched on the 123Wish mobile App and website. The content to be released on 123Wish shall include the first seven 123Wish celebrity experiences as well as all future 123Wish experiences. In addition, the LMH team last week completed the filming of significant footage of some of the most widely regarded video and social media influencers during LMH and 123Wish’s collective participation in the 2018 Vidcon conference in Los Angeles, California. See: http://vidcon.com

“We are realizing significant cost-savings in terms of content creation for 123Wish given our acquisition of Love Media House,” said Mark White, One Horizon Group’s Founder and CEO. “With our exclusive rights to the 123Wish platform and the ability to efficiently and effectively create our own content, we are evaluating a number of new and exciting business opportunities.”

One Horizon Group Announces Completion of Acquisition of Gaming Software Company Banana Whale Studios

LONDON, SINGAPORE and TAIPEI, Taiwan, May 24, 2018 (GLOBE NEWSWIRE) — One Horizon Group, Inc. (NASDAQ:OHGI) today announced that it has completed the acquisition of a majority interest in Banana Whale Studios Pte, Ltd. (“BWS”), a B2B software provider in the $100+ billion-dollar gaming industry focusing on innovation and next generation games and entertainment.

“All of us at OHGI are extremely excited to have closed this transaction and we welcome BWS to the OHGI family of companies as we aggressively expand our presence in the lucrative market of online gaming and entertainment in Asia and beyond and serve thousands of new customers monthly,” said Mark White, OHGI’s Founder and CEO. “Our platform infrastructure allows us to vastly outperform competitors and our access across all social platforms and impressive download speeds will keep gamers engaged with our interactive products.”

“We are very excited to become part of OHGI, which we believe is the perfect platform for us to further scale and accelerate our growth,” said Sargon Petros, CEO of BWS. “Given OHGI’s market position as a visionary, social-media driven entertainment business and market proof that a strong social experience spanning multiple platforms is the key for financial success on the most-grand scale, we are confident in our anticipated profits.” See: https://www.marketwatch.com/story/fortnite-figured-out-the-secret-to-making-a-hit-videogame-in-2018-2018-04-29

Deal structure highlights include the following:

  • All stock deal based on BWS contributing $5,655,000 net profit to OHGI prior to earn-out calculation
  • Earn-out based on six-times net profit upon two-year closing anniversary
  • 7,383,000 shares of OHGI common stock issued in total to BWS shareholders at closing
  • No additional stock issuances until earn-out calculation directly tied to net profit
  • No contractual cash requirements or cash exchanged at closing

“OHGI is creating, developing and distributing exclusive content targeting a broad range of interests in the most desirable areas of social media experience and influence, including music, television, film and gaming,” said White. “Our content is cross-marketed and accessible to millions globally with an emphasis on Asia, Europe and the United States and expansion plans that include India, Mexico and other select Latin American countries.”

“We believe that we are one of the fastest growing, publicly-listed, diversified social media, gaming and digital technology companies and we look forward to sharing our financial results with our shareholders in our future quarterly and annual filings,” added White.