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Math Bakery Mattebageriet Expands Globally with White-Label Solutions for Distribution in Asia

Press release July 29, 2024 Math Bakery, the latest addition to edyoutec's portfolio, is set to expand into major markets in Asia through white-label solutions for distribution. Developed by the Swedish company Pi Idé AB, Math Bakery offers a scientific mathematical educational game for children aged 5-12 years.It is one of only four mathematics games in Sweden that has received scientific acceptance. The platform helps teachers create an engaging and effective learning experience for primary school students. Math Bakery has generated significant interest from several populous

edyoutec extends cooperation with cricket star AB de Villiers and has initiated talks with game publishers for Cricket Manager Pro

Press release May 31, 2024 edyoutec AB has entered into a two-year agreement with South African cricket star Abraham Benjamin de Villiers. AB de Villiers will act as an ambassador for Cricket Manager Pro and the children's math app Mattebageriet.The agreement is a partnership where AB de Villiers continues as an ambassador for Cricket Manager Pro and now also Mattebageriet. He will play a central role in connection with future marketing campaigns for Mattebageriet. AB de Villiers has over 45 million followers across his social media channels on Instagram, Facebook and Twitter. The aim of

edyoutec - Wegesrand and Austrian edtech-provider ovos sign cooperation agreement

Press release April 30, 2024 edyoutec’s subsidiary Wegesrand and ovos media GmbH, based in Austria, have agreed on a strategic sales partnership. Both companies specialise in interactive knowledge transfer.Ovos has been active as a provider of playful learning content for 20 years. With "ovos play", the company has developed an award-winning tool for producing, managing and operating playful learning content and gamification. In the concluded framework agreement, Wegesrand is licensing this highly innovative tool and thus opening up for a more standardized workflow when it comes to

edyoutec deepens collaboration with the publisher MAF for the mobile game King Royale

Press release April 8, 2024 edyoutec announces that it is now deepening the collaboration with MAF for the mobile game King Royale. This means that MAF will take over the complete game development and marketing of the game.After King Royale underwent a period of various tests, marketing campaigns and game updates, the game has achieved stronger KPIs. MAF now takes over the entire game development and marketing.  The new agreement sees MAF dedicate a senior team to the game development and marketing of King Royale in order to begin a scale-up phase. MAF, as long as they are the

edyoutec - Operational update March 2024

Press release March 18, 2024 I would like to start by highlighting how well our German consulting business is doing. We have recently set our financial goal for 2024 at SEK 32 million in turnover with an EBITDA of SEK 5 million. This financial goal includes major cost savings throughout the entire group corresponding to SEK 4 million. This goal does not include revenue from our IPs. In light of the fact that the investments in our IPs were largely completed in 2023, income from our IPs will be felt directly on the bottom line. edyoutec is no longer an idea company, we generate income and

edyoutec Live presentation with CEO Eric de Basso at Aktiespararna's event "Stora Aktiedagen"

Press release March 6, 2024 edyoutec AB ("edyoutec" or the "Company") CEO Eric de Basso will be participating in Aktiespararna's event “Stora Aktiedagen” March 6 at 14:20. Eric will present the current situation and company goals.Today at 14:20 CET edyoutec participates in Aktiespararna's event “Stora Aktiedagen”. CEO Eric de Basso will present edyoutec and answer questions about the company. edyoutec invites you as a journalist, analyst and shareholder to take part in the presentation live on the web, via https://invitepeople.com/public/events/ee67d00587/pages/fb942de4f3. The event

edyoutec communicates financial targets for 2024

Press release March 4, 2024 edyoutec AB has set financial targets for 2024 for its German subsidiary (Wegesrand).edyoutec acquired Wegesrand in October 2022. For 2023, the invoiced revenues for Wegesrand amounted to approximately 24,3 MSEK, which was in line with 2022. Wegesrand has started 2024 strongly and the order intake during the first two months of the year already amounts to approximately 8.5 MSEK. Wegesrand is experiencing significantly increased activity and demand on the German market, not only for Wegesrand but also in general. edyoutec assesses that this increased order

Wegesrand receives orders of approximately 1.2 MSEK - cumulative orders received in 2024 amount to approximately 8.5 MSEK

Press release March 4, 2024 edyoutec´s subsidiary, Wegesrand, has received  additional orders amounting to 1.2 MSEK (107,000 EUR) where the larger part (0.98 MSEK or 88,000 EUR) is for ongoing development of the “RailXP” platform from the existing client Captrain Germany GmbH.With these orders, Wegesrand has received orders for a total of 8.5 MSEK (751,000 EUR) during January and February. The revenues generated from these orders will primarily have a positive impact on cash flow in Q1 and Q2 2024. edyoutec's CEO, Eric de Basso, comments: "We are happy to see that our German

edyoutec’s German subsidiaries have signed orders with a total worth of approx 7.35 MSEK (644.000 EUR) during the first two months of 2024

Press release February 27, 2024 edyoutec’s German subsidiaries have had a successful start to 2024 by signing a number of new projects worth approx 7.35 MSEK (644.000 EUR) during January and February.Besides the already reported orders by the city of Bielefeld and graphical work for an existing client worth 3.4 MSEK (290.000 EUR), edyoutec subsidiaries Unger & Fiedler and Wegesrand report the signing of a total of 3.95 MSEK (354.000 EUR) in new orders values. Unger & Fiedler have signed further deals to carry out graphical work for triple A videogames worth a total of approximately 2.

edyoutec's game title Tank Operations is launched today on the Steam platform

Press release January 26, 2024 edyoutec's game title "Tank Operations - European Campaign" developed by the subsidiary Linked Dimension and distributed via the game publisher 2tainment GmbH is now released on the Steam platform.The game's launch is brought forward one day from the previously communicated February 27. Tank Operations was previously available on Steam as "early access".  The game has been well received and has a metascore of just over 80%.  The game also has a fanbase and an active community. Link to game trailer: https://cdn.cloudflare.steamstatic.com/steam/apps/

edyoutec’s subsidiary Wegerand wins the city of Bielefeld as new client with a project worth approx 2.0 MSEK (170 000 EUR)

Press release February 8, 2024 Wegesrand will produce a playful digital twin for the city of Bielefeld to visualise the district of Sennestadt as part of a smart city citizen participation process.The project with a budget of close to 2.0 MSEK (170 000 EUR) was won in a public tender. With this project, Wegesrand will enlarge its services in interactive information platforms. Wegesrand, CEO, Thorsten Unger, comments: "We are using open streetmap data to visualise a 3D model of the city which could be modified similar to "SimCity"or other city planning games - but with real data for

edyoutec’s subsidiary Wegesrand and e-learning content provider mybreev enter into cooperation

Press release February 8, 2024 Wegesrand which specialises in interactive knowledge transfer, serious games and gamification, has entered into a strategic cooperation with the E-learning specialist mybreev GmbH, located in Viersen, Germany.mybreev has been established on the market as a provider of e-learning content for more than 20 years. The company has an extensive catalogue of standard content. Together with Wegesrand, this catalogue is now to be successively expanded to include playful learning content. The aim is to jointly create new content, for example in the areas of

edyoutec restructures the Wegesrand group and reduces costs by approx 4.0 MSEK (350.000 EUR) per year.

Press release February 7, 2024 The German management of Wegesrand group has executed on a plan to reduce administrative costs and to increase efficiency within the group.The plan, which has been implemented, will enable the group to save approximately SEK 4.0 million (EUR 350,000) per year by reducing administrative costs and making the group structure less complex. By merging the German subsidiaries into one subsidiary where the respective activities in the subsidiaries are organised as profit units within the framework of the remaining subsidiary (Wegesrand). Cost reductions are

edyoutec’s subsidiary Linked Dimensions and publisher 2tainment set release date for full release of Tank Operations to February 27th

Press release February 6, 2024 Linked Dimensions, the developer of the highly regarded turn-based strategy game “Tank Operations" and the game´s publisher, 2tainment, have set the release date for the product to February 27th, 2024.The parties announce that the development of the final title has been finished and are now starting the steps in quality assurance and creation of marketing material. Linked Dimensions earlier received a public funding of around 180.000 euro for a stand alone DLC (downloadable content referring to additional content for an already existing game) for Tank

edyoutec’s subsidiary Unger & Fiedler gets order to create graphical design worth up to 120.000 euro

Press release February 5, 2024 edyoutec’s subsidiary Unger & Fiedler cooperates with a well-known game developer to create graphical design for an upcoming game.Unger & Fiedler Studio Manager, Jens Fiedler, comments: "With this order, we prove once more our high quality level of graphical design. A skill which we can market in a number of segments"   For further information, please contact: Eric de Basso, CEO, edyoutec ABE-mail: eric@ (eric@edyoutec.com)edyoutec (eric@edyoutec.com).com (eric@edyoutec.com)  Phone: +46 70 780 52 00     About edyoutec edyoutec is a

edyoutec begins test period with MAF for mobile game King Royale

Press release January 30, 2024 edyoutec announces that today it is starting a test period with the publisher MAF for the mobile game King Royale in order to increase its monetization.Following a period of analysis and advertising placements according to MAF's recommendations, a test period begins with King Royale where MAF markets and evaluates the earning capacity with the aim of starting a scale-up phase.   edyoutec's CEO, Eric de Basso, comments:    "We look forward to kick-starting our collaboration with our publisher MAF and getting a broad launch as soon as possible."

edyoutec - Wegesrand develops digital rehabilitation platform for the German insurance company DRV

Press release January 24, 2024 edyoutec’s subsidiary Wegesrand has finished developing and launching the digital rehabilitation platform Mico for the German insurance company DRV.The digital platform Mico will, through individually adapted, and sometimes playful, exercises, motivate rehabilitation clients to make even greater use of the rehabilitation services offered by the German pension insurance companies Oldenburg-Bremen, Bund and Braunschweig-Hannover for their own health development. The goal is to more effectively reach the groups of insured persons who have undergone medical

edyoutec - Operational update January 2024

Press release January 18, 2024 As we have entered into the new year, we now want to harvest revenue from our efforts in 2023. The IPs within the Edtech and Gaming verticals must be seriously rolled out. In mid-December 2023, we signed a publisher agreement for King Royale. Following a quick review from the publisher MAF, it has been concluded that King Royale is ready for test launch already before the end of January. For us, this is a statement of strength as independent analysts believed that the game could be launched and reap revenues in Q3 2024 at the earliest. We are basically 6

edyoutec - Operational update December 2023

Press release 21 december 2023 As we approach the end of 2023 and move into 2024, we want to provide existing and prospective shareholders with an operational update and a look ahead to 2024.As most of you know, the company now goes by the name edyoutec. The main focus is on Edtech where we have already signed an agreement to acquire the educational app Math Bakery at the beginning of next year and have entered into a letter of intent to acquire a German digital educational developer for children's games. We are facing exciting launches in Q1 2024 and I will discuss the following

edyoutec's Extra General Meeting resolved on a directed share issue

2023-12-15An Extraordinary General Meeting (EGM) of edyoutec AB was held today in Stockholm.The EGM resolved on a directed share issue of a maximum of 542,857 shares at an issue price of SEK 1.05. The person entitled to subscribe is the Chairman of the Board Erik Nerpin and the Board member Christopher Lagerqvist Nerpin. The subscription price is SEK 1.05.The new share issue is one of the two new share issues totaling SEK 4.6 million (4,380,952 shares) that were announced through a press release on 27 November 2023. After registration of the rights issue, the company will have 37,278,

edyoutec AB acquires the children's education app Math Bakery

Press release on December 15, 2023 edyoutec has today signed an acquisition agreement regarding the education app Math Bakery. Math Bakery has been developed by the Swedish company Pi Idé AB. The acquisition is part of the company's ambition to position itself in the Edtech market. Through this acquisition, edyoutec broadens its presence in the segment of educational apps for children as the company becomes the owner of the digital rights and technology behind Math Bakery.Math Bakery is a mathematical educational game validated for age categories 5-12 in the Swedish school system. It is

edyoutec signs publisher agreement with MAF for the mobile game King Royale

Press release on December 15, 2023 edyoutec announces that it has signed a publishing agreement with MAF for the mobile game King Royale. This initially means that Edyoutec, together with MAF, begins a test period with the aim of increasing the monetization of the game. MAF has the opportunity to expose King Royale to its user base of 50 million monthly users.After a series of successful game updates, King Royale has achieved stronger KPIs and is ready to focus on monetization to further strengthen its presence in the gaming market. The agreement means that MAF markets and evaluates

edyoutec signs letter of intent to acquire award-winning German edtech company focused on kids games and educational apps

edyoutec AB ("edyoutec" or the "Company") has signed a letter of intent with a german developer of kids games and educational apps in order to acquire the company. The letter of intent gives edyoutec an exclusive right to conduct due diligence with the aim of signing a final purchase agreement in the beginning of 2024.The final deal structure will be decided after the due diligence process has been finalized. With regards to the purchase price, it will have three components; a cash component, a share component and an earn-out component, of which the earn out component will be the largest

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