RA'ANANA, ISRAEL, July 22, 2021 /PRNewswire/ -- Mer Telemanagement
Solutions Ltd. (Nasdaq: MTSL) ("MTS" or the "Company") today
announced that its shareholders voted to approve all of the
resolutions included on the agenda of the extraordinary meeting of
MTS's shareholders, held on July 21,
2021, including the proposed merger with SharpLink, Inc.
("SharpLink"), the appointment of a new board of directors for the
post-merger company, and other matters related to the merger.
U.S.-based SharpLink is pioneering innovative sports betting
conversion and engagement technologies that enable sports leagues,
fantasy sports sites, and sports media companies to connect fans to
relevant and timely betting content sourced from SharpLink's
sportsbook partners.
The resolutions were approved by an overwhelming majority of MTS
shareholders, consisting of approximately 99% of the votes cast at
the meeting. The Company expects that the merger will be
consummated promptly following the fulfillment or waiver of other
outstanding conditions to closing, including the receipt of listing
approval for the combined entity from The Nasdaq Stock Market.
"We are pleased with the very strong vote of confidence by our
shareholders for the transaction with SharpLink. We believe this
merger and new direction for the Company has the potential to
provide significant value for our shareholders as we rapidly expand
our business in the U.S. online sports betting industry. The
SharpLink team, led by industry veterans with proven track records
of success, has built a pioneering company in this sector that we
believe will thrive following access to the public capital
markets. We look forward to closing this transaction in the
very near term," stated Roy Hess,
MTS CEO.
About SharpLink
Founded in 2019 and based in Minneapolis, Minnesota, SharpLink is a leading
online technology company that connects sports fans, leagues and
sports websites to relevant and timely sports betting content.
SharpLink uses proprietary, intelligent, online conversion
technology to convert sports fans into sports bettors for licensed,
online sportsbook operators. SharpLink's intelligent sports betting
conversion and engagement technology delivers and determines the
best sportsbook betting offers and experience for each identified
user. Using sophisticated, AI-enabled behavioral modeling and
tracking technologies, and by analyzing user's past and present
behaviors, we serve sports fans with personalized betting offers
specifically tied to each fan's favorite sports, teams and players.
Additionally, SharpLink specializes in helping sports media
companies develop strategies, products and innovative solutions to
drive deep customer engagement with highly interactive sports games
and mobile applications. SharpLink is run by industry veterans with
several successful exits in the sports gaming sector. For
more information, please visit the SharpLink website at
www.sharplink.com.
About Mer Telemanagement Solutions Ltd.
Mer Telemanagement Solutions Ltd. (MTS) is focused on innovative
products and services for enterprises in the area of telecom
expense management (TEM), call accounting and contact center
software. Headquartered in Israel,
MTS markets its solutions through wholly-owned subsidiaries in
Israel, the U.S and Hong Kong, as well as through distribution
channels. For more information, please visit the MTS web site:
www.mtsint.com.
Forward-Looking Statements
Certain matters discussed in this news release are
forward-looking statements that involve a number of risks and
uncertainties including, but not limited to, the fulfillment or
waiver of conditions to closing of the merger with SharpLink, the
Company's ability to achieve profitable operations, its
ability to continue to operate as a going concern, its
ability to continue to meet NASDAQ continued listing requirements,
customer acceptance of new products, the effects of the spread of
Coronavirus (COVID-19) and future measures taken by authorities in
the countries in which we operate on our operations, the demand for
our products and our customers' economic condition, the impact of
competitive products and pricing, market acceptance, the lengthy
sales cycle, proprietary rights of the Company and its competitors,
risk of operations in Israel, general economic conditions and
other risk factors detailed in the Company's annual report and
other filings with the United States Securities and Exchange
Commission.
CONTACT INFORMATION:
Mer Telecommunications Solutions Ltd.
Ofira Bar, CFO
Tel: +972-9-7777-540
Email: ofira.bar@mtsint.com
SharpLink, Inc.
Dodi Handy, Director of
Communications
Tel: 407-960-4636
Email: info@sharplink.com
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SOURCE Mer Telemanagement Solutions Ltd. (MTS)