MIAMI, March 28, 2025 (GLOBE NEWSWIRE) — Fantribe, Inc. (the “Company”), a digital media platform connecting athletes, celebrities, and creators with their fans through immersive and monetizable experiences today announced that it has terminated its definitive agreement with Tritent International Corp., (OTC: TICJ) which was entered into on January 13, 2025. As a result of certain conditions not being met within the share purchase and definitive agreement, the Company along with Tritent International will mutually terminate the agreement.
Michael Friedman, Chief Executive Officer of Fantribe, stated: “While the termination of the present transaction is unfortunate, our top priority is always the growth of our Company and the best interest of our valued shareholders. Due to certain unmet conditions within the definitive agreement and in collaboration with the management of Tritent, we have made the decision to terminate the agreement within the first ninety (90) days as required. We firmly believe that this decision to cancel the agreement and remain private as we complete and ready the relaunch of Fantribe.com, along with the development of our mobile application, will soon create new, meaningful, and exciting opportunities for the future of our company.
Neither party has or will have any liability or pay any penalty to the other party as a result of the termination, and each party is expected to release the other from any and all claims related to the definitive agreement or the transactions contemplated by the definitive agreement.
FORWARD-LOOKING STATEMENTS
This announcement contains certain forward-looking statements regarding the Company’s strategy, initiatives and expected performance. These statements are based on the Company’s current expectations as to the outcome and timing of future events. All statements, other than statements of historical facts, including all statements regarding the Company’s strategy, initiatives and future performance, that address activities or results that the Company plans, expects, believes, projects, estimates or anticipates, will, should or may occur in the future, including future financial or operating results, are forward-looking statements. Actual results for future periods may differ materially from those expressed or implied by these forward-looking statements due to a number of uncertainties and other factors, including operating risks, liquidity risks, legislative or regulatory developments, market factors and current or future litigation. For a discussion of these and other factors affecting the Company’s business and prospects, see the Company’s annual, quarterly and other reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.
Tritent and FanTribe made certain material assumptions, including but not limited to: prevailing market conditions; general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; and the ability of the resulting issuer to execute and achieve its business objectives, to develop the forward-looking information in this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Actual results may vary from the forward-looking information in this news release due to certain material risk factors. These risk factors include, but are not limited to: adverse market conditions; the inability of Tritent or FanTribe to complete the Transaction on the terms disclosed in this news release, or at all; the unavailability of exemptions from prospectus requirements for the issuance of Shares; the risks associated with the marketing and sale of Shares; refusal of the proposed directors or officers to act for any reason, including conflicts of interest; reliance on key and qualified personnel; and regulatory and other risks associated with the technology industry in general. The foregoing list of material risk factors and assumptions is not exhaustive.
For more information, please contact:
FanTribe Inc.
Michael Friedman, CEO
Email: [email protected]
Tritent International Corp.
Reno Calabrigo, Director
Email: [email protected]
