Benzinga | Mar 26, 2021 08:43AM EDT

Cemtrex: 'we were recently made aware of certain claims on social media that Cemtrex is involved with non-fungible tokens ... and related markets. These claims have no basis, and the Company has no business activities with respect to NFTs at this time'

"We are working diligently to bring our first VR game to market later this year. The global VR gaming market size is expected to reach $92.3 billion by 2027, expanding at a CAGR of 30.2% over the forecast period, according to a report by Grand View Research. The increasing demand for technologically progressive electronic games amongst millennials is driving the intense growth, and we expect significant interest for this game based on this bestselling author's series.

"Additionally, we were recently made aware of certain claims on social media that Cemtrex is involved with non-fungible tokens (NFT) and related markets. These claims have no basis, and the Company has no business activities with respect to NFTs at this time.