Thimba Media, the iGaming performance marketing company, today delivered on one 
of the companies core strategic goals of growing through both organic and M&A 
pillars by announcing its acquisition of the UK based organic affiliation 
website www.theslotbuzz.com ("theslotbuzz").

As a result of the acquisition, Thimba Media's revenues within locally 
regulated markets will be approximately 40%.

The agreed purchase price for The Slot Buzz represents a multiple of 
approximately 3.9 times Net Income, based on current run rate. The Slot Buzz is 
expected to generate EBITDA of $500,000 in this financial year.

Chris Russell, CEO of Thimba said: "The acquisition of The Slot Buzz is an 
important strategic deal for us from the perspective that we view ourselves as 
a contrarian investor. When many affiliates are looking solely at the US market 
for acquisitions, we are looking at value markets where there is strong 
regulation and rule of law to govern our business stability in the coming 
years."

With its strong brand and community of Slots Players, theslotbuzz.com is a 
perfect addition to our business. We see the step as a strengthening of our 
commitment to locally regulated markets globally. Our next step for this asset 
is to grow it from a UK facing brand to a brand which focuses on locally 
regulated English speaking markets including the ever-regulating US market.

Mark Wadie, of site owner's Helicon One Digital Ltd, said "We are excited to be 
completing this sale with Thimba Media which is testament to our hard work and 
dedication. The Slot Buzz has achieved fantastic growth in the UK and becomes 
part of a company with a history of successfully growing affiliate sites across 
the regulated global market. We now look forward to continuing our own journey 
as we enter the North American markets with our new site, The Casino Heat." 
(https://thecasinoheat.ca)

The acquisition was settled using Thimba Media's current cash balance.

About Thimba Media

Thimba is an innovative company within iGaming and lead generation. Established 
in 2016, today Thimba operates a diverse portfolio of lead generation sites and 
iGaming Investments Globally including www.bestbettingcasinos.com 
,www.casinomartini.com and www.minimumdepositcasinos.org. The group's aim is to 
grow through a combination of strategic acquisitions and internal innovation. 
Thimba and its investments employ some 70+ people. For more information visit 
www.thimbamedia.com

SOURCE: Thimba Media

CONTACT: Chris Russell, +353872194106, chris@thimbamedia.com