|By Marketwired .||
|January 15, 2014 06:30 AM EST||
LAS VEGAS, NV -- (Marketwired) -- 01/15/14 -- Tyrant Interactive Media LLC (TIME) today announced that Legion Capital America LLC (LCA), controlled by entrepreneur investor Fabrizio Boccardi, agreed to make an investment in the form of a secured convertible loan in its startup business. This includes developing, marketing and distribution of proprietary software directed at building the first generation of Tyrant products, which are based on an exclusive license by King Midas World Entertainment (KMWE).
KMWE through its subsidiaries has previously announced the release or active development of the Tyrant Franchise in films, books, comics and branding.
The investment will be made in phases and will be subject to satisfactory due diligence including further analysis of development and strategy to market.
KMWE will contribute the Intellectual Property while LCA will initially provide up to $1 million in cash, subject to certain requirements and review.
TIME is currently a wholly owned subsidiary of KMWE.
About Legion Capital America LLC
Legion Capital America LLC (LCA) is a venture capital, private equity firm focused on new media, licensing, technology, gaming, and mobile business investment opportunities.
About Tyrant Interactive Media LLC
Tyrant Interactive Media LLC (TIME) is a start up developer and publisher of proprietary software, platforms and interactive games based on or derived from IP's licensed primarily by King Midas World Entertainment and/or affiliates. For additional information, please visit http://www.TyrantInteractiveHoldings.com
About King Midas World Entertainment Inc.
Based in Las Vegas, King Midas World Entertainment is focused on the development of its brands and proprietary franchises and their application in the publishing, casino, movie, entertainment, e-commerce, social and interactive media, and hospitality industries. For additional information, please visit http://www.KingMidasWorldEntertainment.com.
Statements included herein that state the company's or management's intentions, hopes, beliefs, expectations or predictions of the future are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 which by their nature, involve known and unknown risks and uncertainties. The company's actual results, performance or achievements could differ materially from those expressed or implied by such statements.
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