AMPD Ventures Inc. Provides FY 2022 Results Preview

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VANCOUVER, BC / ACCESSWIRE / May 25, 2022 / AMPD Ventures Inc. (“AMPD” or the “Company”), (CSE:AMPD) (OTCQB: AMPDF) (FRA:2Q0), is happy to offer shareholders with a preview of FY 2022 outcomes and abstract of key progress.

The distinctive group at AMPD continues to execute and construct upon its plan of constructing a full 360-degree Metaverse firm regardless of experiencing a difficult downturn within the expertise sector markets.


  • $1.7M in Q3 2022 income (Dec 2021 – Feb 2022), representing a 275% improve in contrast with Q3 2021.
  • $2.3M in YTD 2022 income (Jun 2021 – Feb 2022), doubling that of the identical interval YTD 2021.
  • $0.9M in forecasted This autumn 2022 income (Mar 2022 – May 2022), doubling that of This autumn 2021.[1]
  • $3.2M in forecasted FY 2022 income (Jun 2021 – May 2022), doubling that of FY 2021.[2]
  • Departure Lounge acquisition constructing upon AMPD infrastructure basis to develop a full 360-degree Metaverse firm.


Building upon the momentum of its oversubscribed non-public placement in the direction of the top of November 2021, AMPD rapidly finalized the acquisition of Departure Lounge Inc., which was instrumental in constructing upon AMPD’s place as an infrastructure supplier for subsequent era purposes to develop a full 360-degree Metaverse-focused group.

As Joseph Morton at Equity Guru notes in an article from February 2022, the AMPD group now has each the computing infrastructure essential to host the Metaverse – the levers and hydraulics and the workings behind the scenes’ – however now additionally the wizard wanted to run the present’ as Departure Lounge provides the applied sciences required to entry the Metaverse, the skilled inventive group to assist construct the Metaverse, and the Web3 group to assist monetize the Metaverse.

Since the acquisition, Departure Lounge has secured its headquarters, employed business veteran, Adam Rogers, to steer its inventive companies group, established a Web3 group to capitalize on the chance represented by the intersection of Web3 and Metaverse, introduced the formal launch of its partnership with volumetric seize pioneers, Metastage Inc., and entered an schooling collaboration settlement with the Centre for Digital Media via which will probably be the keystone accomplice in a deliberate Metaverse Innovation Centre.

Buildout of the ability is progressing on schedule and is predicted to be accomplished by mid-June with preliminary bookings anticipated shortly thereafter. Departure Lounge CEO, James Hursthouse spoke at a number of high-profile Metaverse conferences and occasions, together with the Vancouver International Privacy & Security Summit (VIPSS), the Metaverse 2.0 Global Summit, and the International Spark 2022 Visual Effects Conference, constructing consciousness and producing vital early-stage curiosity within the firm and its companies.

In January 2022, AMPD added to its roster of excessive caliber senior leaders with the appointment of Ian Wilms within the place of Vice President of Business Development and Government Affairs. AMPD was subsequently accepted into the Accelerate Growth Service’ program, which was established by the federal authorities to assist assist Canadian corporations with excessive progress potential through help and steerage on a variety of presidency packages designed to supercharge progress.

On Feb 2nd, 2022, the Company introduced the enlargement of The Learning Factory Digital Twin Project in partnership with Canada’s Digital Technology Supercluster.

On February 9th, the Company signed an settlement with Parsec Cloud Inc., now an entirely owned subsidiary of Unity, Inc (NYSE: U), to boost the AMPD Virtual Studio providing with Parsec’s ultra-low latency streaming expertise. Parsec’s ultra-low latency streaming expertise has been designed to allow anybody on the planet to remotely work together with real-time 3D content material and empowers a number of the world’s most inspiring and artistic corporations to freely work and play from anyplace, on any system, on their very own phrases.

AMPD Virtual Studio is an built-in suite of totally composable, non-public cloud-based options designed to create the last word infrastructure-less’ studio for digital content material creators and particularly addresses the chance represented by the continuing transition to digital desktop infrastructure (VDI). It is estimated that the digital desktop infrastructure (VDI) market will attain USD $30B by 2026, up from USD $11B in 2020, representing 17% annual CAGR progress throughout the forecast interval.[3]

On Feb 28th, 2022, the Company signed an settlement with Versatile Media Inc. via which it is going to promote and assist the Versatile Virtual Production System (“VPS”), a strong, end-to-end suite of expertise options that gives many benefits over present digital manufacturing workflows. AMPD demonstrated the unbelievable capabilities of the Versatile VPS to quite a few international studio executives on the current NAB Conference in Las Vegas.

Overall, the Company loved robust third quarter monetary outcomes, with a 275% improve in income in contrast with the identical quarter in FY 2021, with year-to-date gross sales for FY 2022 YTD (Jun-Feb) 104% above 2021 YTD.


FY This autumn noticed the deployment of AMPD POD base infrastructure environments to each Los Angeles and Amsterdam. PODS are designed to allow potential clients to judge AMPD’s services and products and demand is excessive in each the US and Europe.

The firm continued to boost the performance of its AMPD Virtual Studio providing via an settlement with Hammerspace, Inc. Hammerspace is a world chief in connecting international customers with their shared content material and purposes throughout information heart infrastructure and cloud companies. Hammerspace information orchestration shall be built-in with the workflow administration instruments in AMPD Virtual Studio to make high-performance native entry to international information with out making a number of copies of that information a actuality. Thanks to the settlement between AMPD and Hammerspace, AMPD clients will be capable of entry and migrate information wherever they want it, throughout areas and even a number of cloud distributors. This will make the adoption of hybrid options simpler and eradicate the necessity to abandon current storage investments as a part of a migration to AMPD Virtual Studio.

The robust progress within the third quarter has continued into This autumn, with forecasted income of $0.9M, a 105% improve in contrast with This autumn 2021, and forecasted whole yr gross sales for FY 2022 YTD (Jun-Feb) of $3.2M, doubling income in contrast with the total yr FY 2021.[4]

“I’d prefer to thank AMPD buyers and companions for his or her ongoing assist and perception in what we’re doing, even throughout difficult market circumstances,” stated Anthony Brown, CEO at AMPD Ventures. “We proceed to be enthusiastic about our progress and progress because the completion of the monetary elevate in November and look ahead to sharing extra thrilling information within the close to future.”

About AMPD Ventures Inc.

AMPD is a next-generation infrastructure firm specializing in offering high-performance computing options for low-latency purposes. With state-of-the-art, high-performance computing options hosted in sustainable city information centres, AMPD is main the transition to the following era of computing infrastructure because the internet hosting firm of the Metaverse.’ Through a mixture of infrastructure as a service (“IaaS”) and an upgraded, high-performance cloud providing, we’re assembly the low-latency necessities of multiplayer video video games and eSports, laptop graphics rendering, synthetic intelligence, machine studying, combined actuality, large information processing, and the as-yet uncharted technological developments of the approaching a long time.

AMPD Ventures Inc. (CSE:AMPD), via its working subsidiaries, AMPD Technologies Inc., Cloud A Computing Inc., and Departure Lounge Inc., supplies a spread of high-performance computing infrastructure and expertise options designed to host, construct, and monetize the Metaverse.

Additional details about the corporate is obtainable on SEDAR and on our web sites at,, and

For additional data please contact Investor Cubed Inc.:

Neil Simon, CEO
Telephone: (647) 258-3310
Email: [email protected]


/s/ “Anthony Brown”

Anthony Brown
CEO & Director
AMPD Ventures Inc.
Telephone: 604-332-3329
Email: [email protected]

Cautionary Statement

Forward Looking Statements

This information launch comprises statements and data that represent forward-looking data’ throughout the that means of Canadian securities laws. Forward-looking data is predicated on the cheap assumptions, estimates, evaluation and opinions of our administration made in mild of its expertise and its notion of tendencies, present circumstances and anticipated developments, in addition to different components that administration believes to be related and cheap within the circumstances on the date that such statements are made, however which can show to be incorrect. Forward-looking statements or data herein embody, however usually are not restricted, to statements or data with respect to the market’s response to volumetric seize, digital actuality, Web3, and combined actuality applied sciences.

Forward-looking data entails recognized and unknown dangers, uncertainties and different components that will trigger the precise outcomes, efficiency, or achievements of AMPD to vary materially from any future outcomes, efficiency or achievements expressed or implied by the forward-looking data. Such components embody, however usually are not restricted to: common enterprise, financial, aggressive, geopolitical, technological and social uncertainties; uncertainties in regard to the event and course of cloud computing options and digital manufacturing; the potential for competing superior expertise; unsure capital markets; different dangers associated to the lack of a celebration to carry out its obligations, in addition to these components mentioned within the part entitled “Risk Factors” within the Company’s Form 2A Listing Statement dated October 17, 2019 and “Risk and Uncertainties” within the Company’s most up-to-date Management Discussion and Analysis filed on SEDAR.

Although the forward-looking data is predicated on our administration’s cheap assumptions on the date such statements are made, there could be no assurance that the forward-looking data will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such forward-looking data. Accordingly, readers mustn’t place undue reliance on forward-looking data. AMPD doesn’t undertake to replace or revise any forward-looking data, besides in accordance with relevant securities legal guidelines. All forward-looking data contained on this information launch is certified by this cautionary assertion.

[1] All This autumn monetary are forecasts, and all FY 2022 financials are unaudited.

[2] All This autumn monetary are forecasts, and all FY 2022 financials are unaudited.


[4] All This autumn monetary are forecasts, and all FY 2022 financials are unaudited.

SOURCE: AMPD Ventures Inc.

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