Prospect Park Capital Corp. Signs Virtual Office Agreement For Diitalk with TerraZero Technologies in the Metaverse

• Signs Virtual Office Services Agreement with TerraZero Technologies Inc.
• Office will be provided to Diitalk Communications Inc. (“Diitalk“), a wholly owned subsidiary of Prospect Park Capital Corp., within Decentraland
• Diitalk Communications Inc., a wholly owned subsidiary of Prospect Park Capital Corp., intends to set-up and offer its products and services within Decentraland and other Metaverse platforms

VANCOUVER, British Columbia, Dec. 08, 2021 (GLOBE NEWSWIRE) — Prospect Park Capital Corp. (CSE: PPK (“Prospect” or the “Company”) announces that it has signed a virtual office services agreement (the “Agreement”) with TerraZero Technologies Inc. (“TerraZero”) to provide Diitalk Communications Inc., a wholly owned subsidiary of Prospect Park Capital Corp, with direct access within Decentraland, one of the leading decentralized Metaverse worlds.

The Company intends to drive traffic to its virtual retail location using events both within Decentraland, as well as in other Metaverses. The Company’s first Metaverse retail location is located nearby Decentraland’s University district, with road access.

Anthony Zelen, a director of Prospect Park Capital Corp., commented:

“TerraZero has agreed to provide a retail virtual storefront to Diitalk Communications. Diitalk will promote and advertise its unique VOIP services to the consumer base within the Metaverse, skewing towards its target demographic, namely young and technologically savvy consumers. The Company plans to roll out other programs and initiatives over time. Web 3.0 and specifically the Metaverse represents a new way to reach and interact with customers. Customer/user acquisition is key for Diitalk, and establishing an early presence within the Metaverse we believe will provide us with new users, branding, and marketing opportunities. We are excited to be working with TerraZero, a knowledgeable and experienced Metaverse company.”

Over the coming weeks, Diitalk intends to finalize the design and plan for its virtual office, including the creation of avatars to assist potential users and customers at its Decentraland office. The Company will announce a grand opening of its Metaverse store front when it is ready and open to the public.

About the Metaverse
“The Metaverse is an expansive network of persistent, real-time rendered 3D worlds and simulations that support continuity of identity, objects, history, payments, and entitlements, and can be experienced synchronously by an effectively unlimited number of users, each with an individual sense of presence.”¹

The Metaverse is a digital universe that combines multiple elements of technology for a range of human activities, including the integration of virtual spaces and virtual economies. Humans can enter the Metaverse using a virtual reality headset and can interact with each other at virtual events. The word “Metaverse” is made up of the prefix “meta” (meaning beyond) and the stem “verse” (a back-formation from “universe”)^[1]; the term is typically used to describe the concept of a future iteration of the internet, made up of persistent, shared, 3D virtual spaces linked into a perceived virtual universe^[2]. The metaverse in a broader sense may not only refer to virtual worlds, but Internet as a whole, including the entire spectrum of augmented reality^[3].

^[1] Metaverse – Wikipedia
^[2] http://web.archive.org/web/20140608135859/http://www.metaversestandards.org/index.php?title=Main_Page
^[3] http://metaverseroadmap.org/inputs4.html#glossary

About Decentraland
Decentraland is a decentralized virtual world platform where users (avatars) can create, experience and monetize content and applications. Visit: www.decentraland.org.

About TerraZero Technologies Inc.

TerraZero was founded in early 2021 by cryptocurrency and blockchain pioneer Dan Reitzik. The company is a leading WEB 3.0 technology company specializing in the Metaverse space. TerraZero Technologies Inc.’s vision is to Develop, Acquire, and Finance the Metaverse’s most promising companies, entrepreneurs, and developers, while creating solutions to further enhance the Metaverse usability for greater community engagement within the Metaverse, and to connect the real world to the Metaverse, for the creation of new economies and user experiences that will shape the future of WEB 3.0. TerraZero also owns digital real estate and provides offices and services to those interested in the Metaverse. TerraZero aims to support the community, foster innovation, and drive adoption. Visit: www.terrazero.com.

ON BEHALF OF THE BOARD OF DIRECTORS

PROSPECT PARK CAPITAL CORP.

“Jim Greig” CEO & Director

For further information please contact:

Anthony Zelen
Tel: 778-388-5258
azelen@diitalk.com

Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy of accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contain herein.

Cautionary Statement

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the Company’s intention to drive traffic to its virtual retail location using events both within Decentraland, as well as in other Metaverses; that establishing an early presence within the Metaverse will provide the Company with new users, branding, and marketing opportunities; and timing of the opening of the store front in the Metaverse.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the failure of the Company to obtain any necessary approvals, permits or licenses required to operate the business; impact of technology changes on the industry; disruptions in or attacks (including cyber-attacks) on the Company’s information technology, internet, network access or other voice or data communications systems or services; the impact of new and changes to, or application of, current laws and regulations; competition; increase in operating costs; the risk of loss of retain key employees and executives; the ability to implement business strategies and pursue business opportunities failure of counterparties to perform their obligations; the impact of the Covid-19 pandemic on the Company’s ability to operate and hire personnel; adverse general economic, market or business conditions; as well as those risk factors discussed or referred to in the Company’s disclosure documents filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the Company’s ability to set up and offer its products and services within Decentraland and other Metaverse platforms; the consumer base within the Metaverse; finalization of the design and plan for the Company’s virtual office, including the creation of avatars.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

¹ Matthew Ball, author of the extensive Metaverse Primer.