Leet Technology Inc. LTES Initiation ACF Equity Research 09112021.pdf
Leet Technology Inc. (OTCQB : LTES) is a US listed, Malaysia-based esports technology platform provider, primarily targeting B2B ICT and OTT operators (White Label), and also leading brands (via Matchroom), to leverage revenues from the rapidly growing Southeast Asian (SEA) egaming and esports market. LTES caters to a mass causual gaming audience by partnering with leading regional ICT and OTT providers - a key strategic and competitive advantage, that allows LTES to enter new markets and scale-up subscriber acquisition faster. Subscriber acquisition costs (SACs) are paid by the ICT or OTT partners; revenues are shared with LTES. The ICTs and OTTs gain revenue via gaming activity, merchandise, and increased data usage. Brands gain exposure.
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