Apple iSports Signs Letter of Intent to Acquire AmeriCrew
Apple iSports Group has announced that it has signed a non-binding Letter of Intent with AmeriCrew Inc.
Key Highlights
• AmeriCrew will sell all its assets, including existing operating contracts, to Apple iSports.
• The Board of Directors of both AmeriCrew and Apple iSports unanimously approved the proposed transaction, which is expected to close in the third quarter of 2025, subject to any regulatory approvals, approval by the AmeriCrew shareholders, and the satisfaction of closing conditions in the definitive agreement to be agreed upon by the parties.
• AmeriCrew will continue to operate under its brand and will be led by Mr. Kelley Dunne, the current CEO of AmeriCrew.
• The Board of Directors of Apple iSports will apply its significant management skills and industry relationships to assist AmeriCrew to achieve its business strategies and expansion efforts.
• The purchase price is payable in a combination of cash and shares of common stock of Apple iSports on terms determined by the parties.
The proposed acquisition shows Apple iSports’ ability to follow through on its strategic growth plans. It supports the Company’s goals and strong ties within the entertainment, media, and iGaming by securing valuable assets, projects, and recurring revenue streams. This positions Apple iSports to become a leading player in the US as sports, media, and entertainment continue to merge, especially with advanced AI playing a growing role in shaping the industry.
Kelley Dunne, CEO of AmeriCrew, said: “The proposed acquisition of AmeriCrew by Apple iSports is the product of extensive dialogue between the parties and a rigorous assessment of numerous strategic alternatives for AmeriCrew. Apple iSports possesses the requisite skills of an acquiring partner – high-quality, experienced management and opportunities for further strategic acquisitions and significant organic growth in the fast-growing gaming and entertainment sectors. The timing of this transaction is excellent given the positive outlook for our business.”
Joe Martinez, Chairman and CEO of Apple iSports Core, said: “The Board is excited to announce the proposed acquisition of AmeriCrew, which aligns perfectly with our strategy and accelerates our growth. Our combined strengths, unique service offerings, talented team, and rapidly growing entertainment, media, and gaming markets create strong potential for success.”
Board member Lyndon Hsu added: “With our capital-raising efforts and future acquisitions, Apple iSports is well-positioned to achieve our goal of becoming a NASDAQ mainboard-listed company. In addition, AmeriCrew provides an infrastructure service delivery platform that will be the key to adding accretive companies via standard interfaces to accomplish our overall objectives of delivering state-of-the-art, easy-to-use products for our users.”
