VR Experience Created by YDX Innovation and the University of British Columbia Receives 3 Awards

VANCOUVER, BC / ACCESSWIRE / June 4, 2020 / YDX Innovation Corp. (TSXV:YDX)(OTC PINK:YDRMF)(FSE:APY1) ("YDX" or the "Company"), is pleased to announce that the alumni UBC Virtual Reality Experience, created in partnership with the University of British Columbia ("UBC") and UBC Studios, won Gold and Bronze awards at the Best of CASE VIII Canadian Awards. The project was honored in the "Multimedia for Special Events" and "Fundraising or Alumni Relations Videos" categories, respectively. More recently, the project also received the prestigious 2020 CCAE Prix D'Excellence Gold award for Best Use of Multimedia.

The winners of Best of CASE VIII Awards competition were announced and recognized for their excellence in advancement services, alumni relations, annual giving, marketing and communications, and philanthropy.

The Prix D'Excellence is the annual awards program of the Canadian Council for the Advancement of Education, recognizing outstanding achievements in alumni affairs, public affairs, communications, marketing, development, advancement services, stewardship and overall institutional advancement.

The alumni UBC VR video is a virtual reality experience that gives alumni the chance to revisit the campus and remind themselves of the great experiences and their key alumni moments such as their first day on campus pep rally to graduation. The experience is multiplatform and can be viewed on Oculus Go Headsets, Website, Mobiles or general VR devices.

The alumni UBC VR was created to be used online but also as an experience that the UBC Development and Alumni Communications team could bring to special events. Another key objective was to generate positive sentiment in social media, and increase reach of the campus experience beyond having to be physically at UBC, enabling a deeper engagement experience via the new platform.

"In terms of results, we have exceeded our goals and greatly enjoyed working with the YDX team. We have created a custom platform and have been able to work with partners across campus to generate and include existing and new content – and as word has spread, we have had many requests to add videos. From our initial concept to delivery, we have far surpassed our initial vision, and given the scalability of the project, we will be able to keep building it to maintain amazing experiences for our alumni", stated Juliana Fridman, Director of Integrated Marketing and Communications – UBC Development and Alumni Engagement

"The VR video is now a permanent feature on the alumni UBC website, and during launch was one of the top pages visited by our audience. The VR video experience has been seen by approximately 4,000 monthly viewers during the launch month, with the web version and VR Headset versions surprisingly receiving similar audience volumes" – Fridman further commented.

ABOUT THE AWARDS

The Best of CASE VIII Award is designed to recognize institutional excellence in advancement. It honours the institutions and individuals who set the standards for excellence in their professions in the educational field.

About Case District VIII / Pacific Northwest and Western Canada

As a unique volunteer-based organization, CASE District VIII serves and supports all members of the district by offering outstanding professional development and informational resources, exemplifying professional best practices, recognizing exceptional work and accomplishments, and advocating for increased diversity in the industry, while remaining mindful of geographic locations, institutional types, and advancement fields.

About CCAE

The Canadian Council for the Advancement of Education (CCAE) is a volunteer-led organization that promotes excellence in educational advancement. CCAE members represent universities, colleges, polytechnics, institutes, independent schools and cégeps from across the country.

CCAE has 4,400 members at 132 Canadian educational institutions. The CCAE Prix D'Excellence Awards celebrates the best advancement work in Canada encompassing advancement services, alumni relations, communications and marketing, fundraising (development), external relations, and public relations and other advancement disciplines.

About YDX Innovation

YDX Innovation Corp. (TSXV- YDX :: www.ydxinnovation.com) is a technology company that develops products and services and is an expert in immersive technologies like Augmented and Virtual Reality, eSports events and Interactive Exhibitions under the following four divisions:

Arkave VR Arena – https://sales.arkavevr.com/ – a gaming platform that brings the most immersive Virtual Reality experience to Location-Based venues with a highly scalable business model. Developed as an all-in-one gamers haven featuring state-of-the-art free room tech right down to the most nostalgic gaming systems.

YDreams Global – www.ydreamsglobal.com – have developed over 1,300 interactive experiences for clients all over the world such as Disney, NBA, Adidas, Cisco, Nokia, Nike, Mercedes-Benz, Coca-Cola, Santander, AmBev, Qualcomm, Unilever, City of Rio and Fiat.

BEAT Gaming – www.beat.gl -Founded in 2011, BEAT Gaming is an experienced Canadian esports company that has organized internationally recognized events such as the Dota 2, Overwatch and PUBG BEAT Invitational. Since its creation, BEAT has organized over 30 professional and semi-pro esports events, which have reached over 40 million views globally.

Game On Festival – www.gameonfestival.com – is an interactive entertainment event that celebrates the video game universe. Designed for gamers, families and fans of all ages, this Festival is a fusion of culture, entertainment and fun through Interactive Exhibits, Game Arenas, eSports Tournaments, high impact collective experiences, among other fun activities, all brought together in one large exhibition-style event.

More Information:

Daniel Japiassu
Director and CEO
dj@ydx.rocks
(604) 704-6466
contact@ydxinnovation.com | www.ydxinnovation.com | www.youtube.com/ydreamsglobal

Disclaimer

Although the project represents a growing trend and focus on creative VR projects for the Company, revenues and other financial metrics at this moment from the project are not material to the Company and are generally consistent with other recent completed projects and those in the Company's current pipeline.

This news release may contain "forward-looking statements" within the meaning of applicable Canadian securities laws, including, without limitation: the closing of the Transaction; and the Company obtaining all consents and TSXV approvals in order to close. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. These statements generally can be identified by the use of forward-looking words such as "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. The Company's statements expressed or implied by these forward-looking statements are subject to a number of risks, uncertainties, and conditions, many of which are outside of the Company's control, and undue reliance should not be placed on such statements. Forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding the Transaction, including: that the Company's assumptions in making forward-looking statements may prove to be incorrect; adverse market conditions; the inability of YDX to complete the Transaction on the terms announced or at all; the inability of YDX to finance any necessary costs associated with the Transaction; risks relating to the satisfaction of the conditions to closing the Transaction; that future results may vary from historical results; and that market conditions or competition may affect the outcome of the Transaction and the business. Except as required by securities law, the Company does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: YDX Innovation Corp.

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