Joint Venture Launch: iGaming Software Development

NYCE International PLC

Joint Venture to Launch a New iGaming Software Development Company

London, UK - NYCE International PLC (AQSE: NYCE), a London-listed gaming marketplace, advisory, and technology company, has announced that it has entered into a joint venture agreement with Spandan Manhata ("SM") who has developed a number of dedicated software assets initiative focused on the global iGaming industry. A newly established JV will acquire these assets into a legal entity named "Innovassion Limited". NYCE will be the majority shareholder under this agreement.

Innovassion will operate as a standalone software development company under NYCE's commercial guidance and leveraging NYCE's global network, industry relationships, and market access.

The new venture will focus on building scalable online casino solutions, proprietary gaming content, and modular iGaming technology designed to meet the needs of operators across regulated and emerging markets.

The existing technology stack includes a multi-tenant casino platform, player account management (PAM), CRM, CMS, real-time analytics, payment and compliance modules, and a growing portfolio of in-house games. The platform also supports sportsbook integration and advanced custom modules such as bonus engines, loyalty systems, and gamification tools.

Spandan Mahanta brings extensive experience in online gaming platform development, game creation, and systems integration. The technical team consists of more than thirty (30) engineers and developers, with a strong track record in delivering scalable, compliant gaming solutions. A significant portion of the game portfolio is certified, reinforcing its commitment to international regulatory standards and quality.

Under the joint venture structure, NYCE International will oversee commercial strategy, sales and marketing, financial management and compliance, while the technical team will lead platform development, game creation, and ongoing client management and system maintenance.

The joint venture has already secured its first client through NYCE's network, validating both the platform and the commercial demand for its offering, and setting the foundation for further growth and deployment.

Farzad Peyman CEO, NYCE International PLC:

"Innovassion represents our third investment venture in less than a year and this opportunity reinforces NYCE as the leading and most trusted B2B advisory and product marketplace in iGaming. This partnership represents a natural extension of NYCE's strategy to move deeper into proprietary technology and venture-led growth - combining our commercial and regulatory expertise with proven technical execution. NYCE now operates to service across ALL the key sectors of our industry, notably affiliate marketing, payments, crypto and now software development. Furthermore, this partnership brings immediate synergies with NirmataPlay.com and in developing personalised portfolios of game content for global gaming operators. We now have the foundations of the only true ecosystem within the iGaming industry."

Commenting on the joint venture, Spandan Mahanta, Founder of the development team and technology stack said:

"Innovassion is not simply an iGaming Venture, rather it is the result of 20-hour workdays for the last few years. From ideating alone to being joined and trusted by a team of developers, it is an immensely proud and emotional moment as a founder to see this initiative moving into the able hands & portfolio of NYCE International. The assets which we have passionately built over the last few years will now be taking root in the ever-evolving iGaming market, working in combination with NYCE's other ventures and partner companies."

The Directors of the Company take responsibility for this announcement.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. Which is part of the United Kingdom domestic law pursuant to the Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310) ("UK MAR").

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