05/26/2023 | NDAQ:BNMV | press release

Racing fans can visit BitNile Metaverse to drive a virtual race car the length of Indianapolis Motor Speedway and enter to win a real-world two-seater experience, NTT INDYCAR SERIES tickets, merchandise and in-game currency

INDIANAPOLIS, May 26, 2023 (GLOBE NEWSWIRE) — BitNile Metaverse, Inc. (Nasdaq: BNMV) (“BitNile Metaverse” or the “Pursue’), the company powering the fast-growing virtual world, BitNile.com (The “platform“) and Ed Carpenter Racing, LLC (“Ed Carpenter Racing“) are celebrating their cars’ promising entries into the 2023 Indianapolis 500 by offering race fans a unique virtual driving experience and the chance to win virtual prizes and real-world racing experiences.

Ed Carpenter Racing will field three BitNile.com Chevrolets at the 107th round of the Indianapolis 500. The #21 BitNile.com Chevrolet, driven by Rinus VeeKay, secured a front row start in second place. Ed Carpenter will start on the fifth row in the #33 BitNile.com Chevrolet, while the #20 BitNile.com Chevrolet, driven by Conor Daly, will start the race from row six.

visitors to BitNile.com can take a virtual BitNile.com Chevrolet #20 for a full size ride Replica of the Indianapolis Motor Speedwaywhere they can have a first-hand virtual experience of racing at top speed around the track.

Plus fans who come to visit https://indy500.bitnile.com are cordially invited to take part in the “Pick the Winner – Be a Winner” campaign. Those who correctly picked the winner of the 2023 Indy 500 will receive 100,000 Nile tokens to use on the platform. Participants who successfully predict all three podium finishes in the correct order will receive 500,000 Nile Tokens. All winners are automatically entered into the drawing of BitNile.com racing team prizes such as: B. a two-seater ride with IndyCar experience, NTT INDYCAR SERIES event tickets, race team merchandise and driver memorabilia.

“We are so proud of the strong starting position of all BitNile.com cars, especially the front row placement of Rinus VeeKay,” said Milton “Todd” Ault, III, Executive Chairman of BitNile.com, Inc., the wholly owned Company Subsidiary of the company that owns and operates the platform. “We are offering these unique experiences and prizes to celebrate the fact that we are the only main sponsor with three cars in the race.”

In honor of Conor Daly’s 10th Indy 500 start, his #20 BitNile.com Chevrolet — the first IndyCar to reveal its livery in the Metaverse — features dice on each sidepod that add up to 10. The design includes a roulette wheel and playing cards containing Conor’s #20. Cars #21 and #33 carry traditional BitNile.com branding.

The platform, which has over 1,400,000 engaged users, recently introduced social gaming with the launch of roulette, offering users the opportunity to play for fun or for real cash prizes under a sweepstakes model. The Sweepstakes is open only to residents of the United States (excluding residents of Idaho and Washington) who are at least 18 years of age or the age of majority in their jurisdiction (whichever is later) at the time of entry. Participation is not possible where prohibited by law.

Users can access and explore the Early Access version of the platform and get updates by visiting it https://BitNile.com.

The platform uses Google Analytics to track usage and identify users. A user is considered “engaged” if any of the following conditions are met: the session lasted longer than ten seconds; it resulted in one or more conversion events; or two or more page/screen views occurred.

NO PURCHASE NECESSARY. VOID WHERE PROHIBITED. Open to residents of the 50 United States and DCs (excluding Idaho and Washington) who are at least 18 years old and have an active BitNile.com account. Begins 05/19/23 at 00:01 EST and ends 05/28/18 at 09:00 EST. To enter, visit https://indy500.bitnile.com and guess the winner of the 2023 Indianapolis 500. All eligible participants with correct guesses are eligible to win. 10 winners will receive a ticket to an NTT IndyCar Series race and 2 of those winners will also receive a two-seater ride around the track at the applicable event. 20 additional winners will receive a jersey and 50 additional winners will receive a cooling towel. ARV of all prices $3950. For full Official Rules, see https://bitnile.zendesk.com. Sponsor: BITNILE.COM Inc.

About BitNile Metaverse, Inc.

Founded in 2011, BitNile Metaverse (Nasdaq: BNMV) owns 100% of BitNile.com, Inc., including the BitNile.com Metaverse platform. The platform, which opened to the public on March 1, 2023, allows users to connect with a new social networking community and purchase both digital and physical products while playing immersive 3D games. In addition to BitNile.com, Inc., BitNile Metaverse also directly or indirectly owns three non-core subsidiaries: approximately 66% indirectly owned by Wolf Energy Services Inc. (OTCQB: WOEN); 100% direct from Zest Labs, Inc.; and approximately 89% of Agora Digital Holdings Inc. directly. BitNile Metaverse also owns approximately 70% of White River Energy Corp (OTCQB: WTRV).

About Ed Carpenter Racing

Ed Carpenter Racing entered the NTT INDYCAR SERIES for the first time in 2012. The Indianapolis-based racing team has demonstrated its versatility by claiming eight victories on all types of courses that host the series – road and road courses, short ovals and speedways. Ed Carpenter Racing is led by IndyCar team’s sole owner/driver Ed Carpenter, three-time pole winner at the Indianapolis 500 (2013, 2014 and 2018). In the 2023 season, the team continues to compete with two full-time entrants: the #20 BitNile.com Chevrolet, driven by Conor Daly, and the #21 BitNile.com Chevrolet, driven by Rinus VeeKay. Ed Carpenter will complete the team’s three cars on the ovals, fielding the #33 BitNile.com Chevrolet. For more information, see https://www.edcarpenterracing.com/.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend on or relate to future events or conditions and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates” , “expects”, “intends”, “strategy”, “future”, “opportunity”, “may”, “will”, “should”, “could”, “potential” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and BitNile Metaverse undertakes no obligation to publicly update any such statements in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statements due to a variety of factors. In addition to the risks associated with individual acceptance of the platform, competition from much larger companies that operate Metaverse, and BitNile Metaverse’s ability to raise capital, investors should consider risk factors affecting the business and financial results of BitNile Metaverse included in BitNile Metaverse results are filings with the Securities and Exchange Commission, including but not limited to Forms 10-K, 10-Q and 8-K. All of these documents are available at https://www.sec.gov/ and on the company’s website at https://BitNile.net.

contacts

investorrelations@bitnile.net or 1-800-762-7293