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Windsor Mills, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (Nasdaq:YYAI) is pleased to announce that it has closed the acquisition of a further 50% ownership stake in Yuanyu Enterprise Management Co., Limited (YYEM), a Hong Kong-based entity focused on the global Love and Marriage sector, taking its overall stake in YYEM to 70% and received Nasdaq confirmation that post-acquisition trading of YYAI will commence at the market opening tomorrow morning on November 22, 2024. As a result of the acquisition, Connexa has now undergone a change of control, appointed new officers, new directors, and effected a spin-off of the Slinger Bag business. "We would like to thank all of our shareholders and directors for their support in the acquisition of YYEM and we wish YYEM and Connexa's new board every success for the future,” concluded Mike Ballardie, the former CEO of Connexa. Mr. Zhou, Chairman of YYEM and a new member of Connexa's Board of Directors, commented, "I thank the outgoing directors for their service to Connexa and look forward to an exciting future as we take the company forward into the Love and Marriage sector.” About YYAI: Connexa Sports Technologies Inc. (YYAI), via its majority-owned subsidiary, Yuanyu Enterprise Management Co., Limited, operates across the rapidly emerging Love and Marriage sector. Yuanyu Enterprise Management Co., Limited owns numerous patents, technologies and algorithms that drive its big data and matchmaking analyses, deriving its current revenues from royalties. YYAI Contact Information: [email protected] www.yuanyuenterprise.com Forward-Looking Statements This press release contains forward-looking statements. Statements that are not historical facts, including statements about beliefs or expectations, are forward-looking statements. These statements are based on plans, estimates, expectations and projections at the time the statements are made, and readers should not place undue reliance on them. In some cases, readers can identify forward-looking statements by the use of forward-looking terms such as "may,” "will,” "should,” "expect,” "opportunity,” "intend,” "plan,” "anticipate,” "believe,” "estimate,” "predict,” "potential,” or "continue,” or the negative of these terms or other comparable terms. Forward-looking statements involve inherent risks and uncertainties and readers are cautioned that a number of important factors could cause actual results to differ materially from those contained in any such forward-looking statements. Factors that could cause actual results to differ materially from those described in this press release include, among others:NASHVILLE, Tenn. (AP) — Genesis Bryant scored 27 points, Kendall Bostic secured her third double-double this season with 12 points and 11 rebounds and No. 19 Illinois beat Maryland Eastern Shore 75-55 on Tuesday in the Music City Classic. Illinois (6-0) moved to 6-0 for the second time under third-year coach Shauna Green. Illinois scored the opening nine points of the game and took a double-digit lead for good with 2:11 left in the first quarter when Makira Cook made a 3-pointer to begin 13-2 run. UMES scored 13 straight points midway through the second quarter to get as close as 32-22, but Cook answered with a basket to end Illinois' three-minute drought. Bryant finished the first half with 14 points and Cook added 13 to help Illinois build a 43-26 lead. The pair combined to make seven of Illinois’ 14 field goals. UMES was 9 of 36 (25%), including 0 of 7 from 3-point range at halftime. Illinois also got 15 points from Cook and a career-high 11 rebounds from Brynn Shoup-Hill. Bryant, who reached double figures in the first quarter, scored 20-plus for the first time this season. Zamara Haynes led UMES (4-3) with 20 points and Mahogany Lester added 14. Illinois stays in Nashville to play No. 14 Kentucky on Wednesday. UMES travels to Piscataway, New Jersey, to face Georgia Southern in the Battle on the Banks on Friday. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here. AP women’s college basketball: https://apnews.com/hub/ap-top-25-womens-college-basketball-poll and https://apnews.com/hub/womens-college-basketball
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