Apple iSports Australia to Acquire Stake in The Leg Up Australia

Transaction Includes Significant Market Synergies and Expansion and Depth of Customer Offerings

MELBOURNE, Australia, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Apple iSports, a subsidiary of Prevention Insurance.com (OTC: PVNC) (“AiS” or the "Company"), a digital sports entertainment and gaming company that provides users with sports betting and sport streaming solutions through its subsidiary, Apple iSports Australia Pty Ltd., an Australian company, is pleased to announce that the Company has entered into a memorandum of understanding to acquire a 45% stake in The Leg Up Australia (TLU Australia), an Australian company that provides fast-growing subscription-based sports and racing media and content services. A full Sale and Purchase agreement will be executed between the parties.

This acquisition represents a strategic alliance that will accelerate the growth of TLU Australia while providing a high-value referral source for AiS when the Company launches its Sportsbook operations in Australia. The Company expects to realize significant synergy and value between its wagering, streaming, and media operations.

As part of the transaction, AiS will make an initial payment of $50,000 (AUD$75,000) to TLU and the remaining consideration will be allocated in advertising and marketing support and PVNC stock. TLU Australia will receive marketing and software development support from AiS, including assistance to launch new offerings and expand the customer base. Advertising support for TLU Australia began on the national radio network, SEN, during the last week of July 2023.

Blake Johnston, Operations Manager at The Leg Up Australia, commented, “We are delighted to announce our partnership with Apple iSports as we jointly work on developing the tipping business in Australia and beyond. We have a very strong background in the racing industry and believe our experience and insights will bring great value to the group.”

Jeremy Samuel, Managing Director of AiS, commented, “The Leg Up Australia is a fantastic offering, and we are excited about the opportunity to work with their team, support their business, and promote the industry within the Australian and US markets.”

About Apple iSports (AiS)

The Company, through its operating subsidiaries, is an emerging sports and racing content provider. The core offerings will include a 24/7 linear streaming channel that supports live sports and sport documentaries, betting and fantasy games platform, racing and sports recaps, news and podcasts. Looking to the future, the Apple iSports platform will support eSports, Metaverse applications, and much more.