ESE Entertainment Announces Appointment of New Director

Rhea-AI Summary

ESE Entertainment Inc. (TSXV: ESE) (OTCQB: ENTEF), a gaming company providing services to leading video game developers and publishers, has appointed Ryan Maarschalk B.Sc, CPA, as a new Director. This announcement, made on September 13, 2024, marks a significant change in the company's leadership structure. While the press release does not provide detailed information about Maarschalk's background or the specific reasons for his appointment, the addition of a CPA to the board suggests a potential focus on financial oversight and strategic planning. This development could have implications for ESE's future direction and governance.

Positive

• Addition of a CPA to the board, potentially strengthening financial oversight
• Possible introduction of new perspectives and expertise to the company's leadership

Negative

• None.

VANCOUVER, BC, Sept. 13, 2024 /PRNewswire/ - ESE Entertainment Inc. (TSXV: ESE) (OTCQB: ENTEF) ("ESE" or the "Company"), a gaming company that provides a range of services to leading video game developers and publishers, is pleased to announce the appointment of Ryan Maarschalk B.Sc, CPA, as a Director of the Company.

About Mr. Maarschalk

Mr. Ryan Maarschalk was previously a Director of ESE Entertainment, after its initial public listing and subsequent valuation growth. He brings over two decades of leadership experience across both private and public sectors. His career includes roles as a director and executive, providing strategic financial oversight for numerous organizations. Mr. Maarschalk previously served with Crowe MacKay LLP for four years, and for the past nine years, he has operated his own firm, specializing in CFO services for a range of industries. A former NCAA tennis athlete, Mr. Maarschalk holds a degree in Biomedical Science from Western Michigan University and is a Chartered Professional Accountant (CPA). His comprehensive financial expertise and business acumen make him a valuable asset to ESE as it continues to evolve and expand.

"I am thrilled to rejoin the ESE Board of Directors and collaborate once again with Konrad and the talented ESE team. During my previous tenure, we achieved remarkable growth, and I'm excited to contribute to the company's next phase of development. I'm reenergized and eager to add value and support wherever I can. I look forward to building on our past successes and driving ESE toward new milestones." Commented Ryan Maarschalk, Director of ESE.

"We are very pleased to welcome Ryan back to our board of directors. He was previously on the board of ESE Entertainment during its public listing, a period in which the company achieved significant milestones, including a peak valuation of over $4 per share. His deep understanding of the company, along with his strategic insight, will be invaluable as ESE enters its next phase of growth and innovation" commented Konrad Wasiela, Chief Executive Officer of ESE.

In connection with Mr. Maarschalk's appointment, the Company has granted Mr. Maarschalk 250,000 incentive stock options (the "Options"), with each Option exercisable at $0.11 per share for two years from the date of grant, in accordance with the terms of the Company's equity incentive plan. The Options are subject to a 4 month hold period from the date of grant and to TSX Venture Exchange approval.

Concurrently, Ron Segev has stepped down as a Director of the Company. ESE would like to extend its sincere gratitude to Ron Segev for his valuable contributions and dedication during his tenure as a Director, and wish him continued success in his future endeavors.

ESE Entertainment Inc.
Konrad Wasiela
Chief Executive Officer and Director
+1 (437) 826-4012

About ESE Entertainment Inc.

ESE is a global technology company focused on gaming. The Company provides a range of services to leading video game developers, publishers, and brands by providing technology, infrastructure, and fan engagement services internationally. ESE also operates its own ecommerce channels, esports teams, and gaming leagues. | www.esegaming.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This news release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments, performance or achievements that ESE anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking information. Such information may involve, but is not limited to, statements with respect to: Mr. Maarschalk's expected contributions to the Company; ESE's next phase of growth and innovation; and approval of the grant of Options from the TSX Venture Exchange. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results "may", "could", "would", "might" or "will" (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of ESE to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to ESE, including information obtained from third-party industry analysts and other third-party sources, and are based on management's current expectations or beliefs regarding future growth, results of operations, future capital (including the amount, nature and sources of funding thereof) and expenditures. Any and all forward-looking information contained in this press release is expressly qualified by this cautionary statement. Trading in the securities of ESE should be considered highly speculative.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

View original content:https://www.prnewswire.com/news-releases/ese-entertainment-announces-appointment-of-new-director-302247350.html

SOURCE ESE Entertainment Inc.

FAQ

Who is the new director appointed to ESE Entertainment (ENTEF)?

Ryan Maarschalk B.Sc, CPA, has been appointed as a new Director of ESE Entertainment Inc. (OTCQB: ENTEF) as announced on September 13, 2024.

What is ESE Entertainment's (ENTEF) primary business?

ESE Entertainment (OTCQB: ENTEF) is a gaming company that provides a range of services to leading video game developers and publishers.

When did ESE Entertainment (ENTEF) announce the new director appointment?

ESE Entertainment (OTCQB: ENTEF) announced the appointment of the new director, Ryan Maarschalk, on September 13, 2024.

What qualifications does the new director of ESE Entertainment (ENTEF) have?

The new director of ESE Entertainment (OTCQB: ENTEF), Ryan Maarschalk, holds a B.Sc. degree and is a Certified Public Accountant (CPA).