AppYea acquires blockchain lottery platform in strategic pivot

JERUSALEM - AppYea Inc. (OTCQB:APYP), a micro-cap company with a market value of $6.58 million, announced Thursday it has acquired Techlott Ltd.’s blockchain-based lottery and gaming platform, marking a strategic pivot toward the institutional lottery market. The stock has shown remarkable momentum, surging 184% in the past week, though InvestingPro analysis indicates the shares are currently trading above their Fair Value.

The acquisition provides AppYea with a technology package that addresses limitations in traditional lottery systems through blockchain architecture. The platform features on-chain draw logic, verifiable randomness, and an immutable audit trail designed for regulatory compliance.

According to the company’s press release, Techlott’s platform has undergone security validation through an independent QuillAudits review and has processed over 212,000 test transactions. The system supports multiple operational models and payment methods.

As part of the transaction, Techlott will become a significant shareholder in AppYea and gain board representation. AppYea plans to integrate the technology and pursue government and enterprise deployments while preparing for a potential uplisting application to a major U.S. exchange.

"This acquisition is the culmination of a clear strategy. We identified a gap in a multi-billion dollar market and acquired the technology to fill it," said Yakir Abadi, Chief Executive Officer of AppYea, in the announcement.

The global lottery market represents a substantial opportunity, with industry research cited in the release estimating current market size between $327 billion and $353 billion, with approximately 16% of lottery activity currently conducted online. While AppYea’s current revenue stands at just $0.02 million for the last twelve months, InvestingPro data reveals the company maintains a FAIR financial health score, though it faces challenges with profitability and cash flow management. Subscribers to InvestingPro can access 10+ additional insights about AppYea’s financial position and growth prospects.

Additional details of the transaction are available in AppYea’s current report on Form 8-K filed with the Securities and Exchange Commission. For investors seeking deeper analysis of high-volatility stocks like AppYea, InvestingPro offers comprehensive financial metrics, valuation models, and expert insights to make informed investment decisions.

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