WinTogether.org, a charitable sweepstakes platform powered by Lottery.com, today announced that SAP, a global market leader in enterprise application software, has joined the effort to support Ocean Voyages Institute (“OVI”) in their goal of ridding the ocean of one million pounds of plastic and ghost nets, one of the largest mid-ocean clean-ups in history. Ghost net plastic makes up the majority of all debris in the largest ocean garbage patch and kills an average of 650,000 marine animals every year. SAP pledged to provide awareness, support, and insights for the efforts connected to the campaign, as a “Global Campaign Ambassador” for WinTogether.org’s Clean Oceans Campaign with OVI.
SAP, whose systems touch 77% of all products bought and sold across the globe, announced their ongoing commitment to dramatically cleaner oceans by 2030 at the World Economic Forum in 2020. Backing that commitment, SAP has launched a Circular Economy program that enables businesses to rapidly move away from problematic plastics, connect packaging and consumer products companies to new sources of recycled plastics and plastic alternatives, and innovate new regenerative business models.
“As a global market leader that enables informed decisions, we are thrilled to have the support of SAP for this campaign because they are already working to mobilize individuals and corporations to make smarter decisions resulting in cleaner oceans,” said Tony DiMatteo, CEO of WinTogether.org and Lottery.com. “Their mission and expertise will have an incredible impact on the Clean Oceans Campaign and the global circular economy at large.”
“SAP is excited to be a Global Campaign Ambassador for the Clean Oceans Campaign,” said Stephen Jamieson, Global Head of Circular Economy Solutions at SAP. “We’re maximizing our efforts by engaging experts like Emily Penn, ocean advocate and Director of eXXpedition, who we have worked with to develop the SHiFT platform, which tackles the issue of plastics in the ocean,” he added. “Becoming a Campaign Ambassador for the Clean Oceans Campaign to benefit Ocean Voyages Institute and applying solutions like SHiFT is an important actionable step for SAP to support our commitment to a plastic-free ocean.”
The alliance was initiated by 5th Element Group, a global impact consultancy. “SAP is a global leader in rallying companies and consumers toward a shared commitment to clean oceans, as well as a circular economy that can help sustain it,” said Jim Van Eerden, Managing Partner at 5th Element. “Pairing SAP with WinTogether.org, Ocean Voyages Institute and the other Clean Oceans Campaign partners will help advance that omniwin initiative in material ways.”
WinTogether.org’s Clean Oceans Campaign supports the Ocean Voyages Institute and runs through August 31, 2021. Donors are incentivized to give by receiving entries into weekly prize drawings and a $50,000 Grand Prize. More information about the Clean Oceans Campaign can be found at https://wintogether.org/.
About Lottery.com
Lottery.com is a leading technology company that is transforming how, where and when lottery is played. Its engaging mobile and online platforms enable players and commercial partners located in the U.S. and internationally to remotely purchase legally sanctioned lottery games. Fans and subscribers look to Lottery.com for compelling, real-time results on more than 800 lottery games from more than 40 countries. Additionally, through WinTogether.org, Lottery.com is fundamentally changing how non-profit donors are incentivized to action by gamifying charitable giving. In all that it does, Lottery.com’s mission remains the same: an uncompromising passion to innovate, grow a new demographic of enthusiasts, deliver responsible and trusted solutions, and promote community and philanthropic initiatives. For more information, visit http://www.lottery.com.
On Feb. 22, 2021, the Company entered into a definitive agreement with Trident Acquisitions Corp. (“Trident”) (NASDAQ: TDAC) to become a publicly-traded company.
About WinTogether.org
WinTogether.org is a charitable sweepstakes platform focused on building the future of philanthropy. Founded and operated by Lottery.com, WinTogether.org has innovated the way charitable organizations raise funds and interact with donors by gamifying charitable giving. As part of its fundraising efforts, WinTogether.org incentivizes donors to get involved by offering the opportunity to win cash prizes, once-in-a-lifetime experiences, and luxury prizes.
WinTogether.org is aligned with the United Nations 17 Sustainable Development Goals and works with some of the largest nonprofits in the world to provide a new channel to raise awareness and funds, as well as provide opportunities for donors around the world to support worthwhile causes. A portion of the donations are received by the WinTogether Trust, a registered 501(c)(3) organization, which donates directly to the named campaign.
Important Notice Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements, other than statements of present or historical fact included in this presentation, regarding the proposed business combination, Trident and Lottery.com’s ability to consummate the proposed business combination, the benefits of the transactions and the combined company’s future financial performance, as well as the combined company’s strategy, future operations, estimated financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Trident and Lottery.com disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this Current Report. Trident and Lottery.com caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of either Trident or Lottery.com. In addition, Trident cautions you that the forward-looking statements contained in this press release are subject to the following factors: (i) the occurrence of any event, change or other circumstances that could delay the business combination or give rise to the termination of the agreements related thereto; (ii) the outcome of any legal proceedings that may be instituted against Trident or Lottery.com following announcement of the transactions; (iii) the inability to complete the business combination due to the failure to obtain approval of the shareholders of Trident, or other conditions to closing in the merger agreement; (iv) the risk that the proposed business combination disrupts Lottery.com’s current plans and operations as a result of the announcement of the transactions; (v) Lottery.com’s ability to realize the anticipated benefits of the business combination, which may be affected by, among other things, competition and the ability of Lottery.com to grow and manage growth profitably following the business combination; (vi) costs related to the business combination; (vii) risks related to the rollout of Lottery.com’s business and the timing of expected business milestones; (viii) Lottery.com’s dependence on obtaining and maintaining lottery retail licenses or consummating partnership agreements in various markets; (ix) Lottery.com’s ability to maintain effective internal controls over financial reporting, including the remediation of identified material weaknesses in internal control over financial reporting relating to segregation of duties with respect to, and access controls to, its financial record keeping system, and Lottery.com’s accounting staffing levels; (x) the effects of competition on Lottery.com’s future business; (xi) risks related to Lottery.com’s dependence on its intellectual property and the risk that Lottery.com’s technology could have undetected defects or errors; (xii) changes in applicable laws or regulations; (xiii) the COVID-19 pandemic and its effect directly on Lottery.com and the economy generally; (xiv) risks related to disruption of management time from ongoing business operations due to the proposed business combination; (xv) risks relating to privacy and data protection laws, privacy or data breaches, or the loss of data; (xvi) the possibility that Lottery.com may be adversely affected by other economic, business, and/or competitive factors. Should one or more of the risks or uncertainties described in this Current Report materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that Trident has filed and will file from time to time with the SEC, including its Registration Statement on Form S-4 (“Registration Statement”). Trident’s SEC filings are available publicly on the SEC’s website at www.sec.gov.
Important Information and Where to Find it
The proposed business combination will be submitted to shareholders of Trident for their consideration. Trident has filed a Registration Statement with the SEC which includes a preliminary proxy statement and will include a definitive proxy statement to be distributed to Trident’s stockholders in connection with Trident’s solicitation for proxies for the vote by Trident’s stockholders in connection with the proposed business combination and other matters as described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to Lottery.com’s shareholders in connection with the completion of the proposed business combination. After the Registration Statement has been declared effective, Trident will mail a definitive proxy statement and other relevant documents to its shareholders as of the record date established for voting on the proposed business combination. Trident’s shareholders and other interested persons are advised to read the preliminary proxy statement / prospectus and any amendments thereto and, once available, the definitive proxy statement / prospectus, in connection with Trident’s solicitation of proxies for its special meeting of shareholders to be held to approve, among other things, the proposed business combination, because these documents will contain important information about Trident, Lottery.com and the proposed business combination. Stockholders may also obtain a copy of the preliminary proxy statement or, once available, the definitive proxy statement, as well as other documents filed with the SEC regarding the proposed business combination and other documents filed with the SEC by Trident, without charge, at the SEC’s website located at www.sec.gov or by directing a request to Cody Slach, (949) 574-3860, TDAC@gatewayir.com. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.
Participants in the Solicitation
Trident and its directors and officers may be deemed participants in the solicitation of proxies of Trident’s stockholders in connection with the proposed business combination. Lottery.com and its officers and directors may also be deemed participants in such solicitation. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Trident’s executive officers and directors in the solicitation by reading Trident’s Annual Report on Form 10-K/A for the fiscal year ended December 31, 2020, and the Registration Statement and other relevant materials filed with the SEC in connection with the business combination when they become available. Information concerning the interests of Trident’s participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, will be set forth in the proxy statement relating to the business combination when it becomes available.
No Offer or Solicitation
This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.
Lottery.com Contact:
Matthew Schlarb
VP, Investor Relations
(512) 585-7789
ir@lottery.com
