Golden Matrix Group Enters Into a Definitive Distribution Agreement and Generates the First Company's Revenues

LAS VEGAS, NV / ACCESSWIRE / June 10, 2016 / Golden Matrix Group Inc. GMGI a provider of Social Gaming Technology recently entered into a definitive distribution agreement with L.H. Information and Technology (LHIT) in Hong Kong. LHIT is one of Asia's leading Social Gaming Operators and has extensive active customer base.

The distribution agreement encompasses a minimum monthly royalty for the use of the Company's Social Gaming Platform and gaming content as well as additional royalties payable based on usage of the content.

Brian Goodman, CEO stated that, "The agreement is a major milestone for Golden Matrix Group and aside from a guaranteed revenue stream the partnership will ensure broad distribution and visibility for the companies products. We have designed a powerful brand for LHIT - 'Lucky Panda 888' and we expect this striking brand and the solid distribution agreement to facilitate the Company's launch of its Social Gaming Business into Asia, the world's largest social gaming market."

About Golden Matrix Group

Golden Galaxy Group owns Social Gaming IP and builds configurable and scalable white labeled social gaming platforms for its international customers and delivers innovation that players want. The Social Gaming IP includes tools for acquisition, retention and monetization of users. The Company's platform is unparalleled in both desktop and mobile applications. Moreover user management is optimized though its ability to accommodate both free and cost to play state of the art games.

Brett Goodman - brett@goldenmatrix.com

SOURCE: Golden Matrix Group