- TechFinancials said its Footies subsidiary had completed a demonstration ticketing product ahead of achieving its planned first sales later in the year.

Footies was planning to fully digitise the 'sport-match day experience' in a way that was mutually beneficial for both fans and clubs, TechFinancials said.

'With this demonstration product, a sports organisation can define the rules that are applied to the digital tickets, such as setting the price range that the ticket can be re-sold on a proprietory, white-labeled secondary market and allowing the ticket to be transferred either back to the sports organisation or to another individual,' it added.

'The demonstration product also includes a mobile app which will allow fans to manage their digital tickets, such as buying, selling, viewing, transferring.'

Footies intended to complete the development of a product for sports organisations and teams in the third quarter.

TechFinancials owns 75% of Footies.

At 1:40pm: [LON:TECH] TechFinancials Inc share price was 0p at 4.6p

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