Trident Acquisitions (NASDAQ: TDAC, TDACU, TDACW), a special purpose acquisition company, previously announced its entry into a definitive agreement with AutoLotto Inc., a leading online platform to play the lottery online. The agreement allows Lottery.com
to become a publicly listed company. InvestorBrandNetwork
(“IBN”) today announced that Lottery.com was featured in the latest episode of The Bell2Bell Podcast
, part of IBN’s sustained effort to provide specialized content distribution via widespread syndication channels. Tony DiMatteo, CEO and co-founder of Lottery.com, joins the latest episode
to describe the company’s business model and explain that the platform was founded on the belief that lottery players should be able to purchase and manage their tickets online. “Domestically, it’s very simple. We charge a service fee or a convenience fee. Think of us like a DoorDash or Uber Eats. We don’t cook the meal. We just go get it and bring it to you,” he said. “It’s called the courier model. It looks and feels on our app like the customer is buying a lottery ticket from us, but what you’re actually doing is asking us to buy a ticket on your behalf and then manage the interest in that ticket. We check the numbers for you, we redeem your winnings, we cash you out and we handle all of that in a purely digital experience. We have dedicated facilities that do this in states we operate in. There’s no way a ticket can get lost or misplaced. We have multiple safeguards to ensure that whatever numbers you ordered [are included on] the ticket that was actually printed out. We hold that ticket for you and redeem it.”
To view the full press release, visit https://ibn.fm/a2EGO
About Trident Acquisitions Corp.
Trident Acquisitions is a special purpose acquisition company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. Trident’s securities are listed on the Nasdaq stock exchange under the ticker symbols TDAC, TDACU and TDACW. For more information, visit www.TridentAcquisitions.com
NOTE TO INVESTORS:
The latest news and updates relating to Lottery.com are available in the company’s newsroom at https://ibn.fm/Lottery
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