ESE Entertainment Announces New Customer and USD$5M Business Contract

Rhea-AI Summary

ESE Entertainment Inc. (OTCQX:ENTEF) announced a significant milestone by securing a USD$5 million contract with a new European video game developer and publisher. This contract, effective until June 2023, will see ESE provide technology and user acquisition services for a flagship game transitioning from mobile to desktop. ESE, which has over 350 partners and has delivered over 7.3 billion impressions, aims to enhance sales and margins through larger contracts. CEO Konrad Wasiela emphasized the importance of this achievement in their growth strategy.

Positive

• Secured a USD$5 million contract with a new European video game developer.
• Contract duration until June 2023, indicating long-term engagement.
• Opportunity to expand into desktop gaming from mobile, tapping into a growing market.
• ESE has over 350 partners, showcasing its established position in the industry.
• Delivered over 7.3 billion impressions, highlighting significant reach and performance capabilities.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / October 6, 2022 / ESE Entertainment Inc. ("ESE" or the "Company") (TSXV:ESE) (OTCQX:ENTEF), a gaming and esports company that provides a range of services to leading video game developers and publishers, is pleased to announce that it has entered into a USD$5 million contract to deliver its technology and user acquisition services to a European video game developer and publisher (the "Contract"). The contract is term is in effect until June 2023.

The customer is new for ESE, and the contract is primarily for one of the customer's flagship games. The primary game that ESE will be working on is traditionally mobile and now being added to desktop. The opportunity is in a market that ESE is increasingly focused on. Pursuant to the Contract, ESE will be delivering its technology and video game user acquisition platform to target players from over 20 countries and 5 different languages.

ESE creates and executes its performance model technology software to generate users and increase the reach of games for its customers, which are primarily video game developers. The Company currently has 350+ partners, providing high quality traffic across digital channels. To date, the Company has served over 7.3 billion impressions through its technology platform, partners, and affiliates.

"We are excited to announce a brand-new customer contract that is expected to leverage our technology and user acquisition platform. This is yet another example of us executing and securing new long-term multimillion dollar contracts for our gaming technology. We are keenly focused on increasing sales and improving margins, and we believe landing larger technology contracts is the key to achieving these goals. We are excited to continue updating current and future shareholders with new developments at ESE." stated Konrad Wasiela, CEO of ESE.

ESE Entertainment Inc.

Konrad Wasiela
Chief Executive Officer and Director

About ESE Entertainment Inc.

ESE is a global technology company focused on gaming and esports. 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. In addition to the Company's organic growth opportunities, the Company is considering selective acquisitions that align with its objective of becoming a dominant global player in esports technology and infrastructure. 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: performance of the Contract; the scope of the Contract; ESE's business model; the Company's focus on increasing sales and improving margins; the Company landing larger technology contracts being the key to achieving its goals; and the Company's future updates to current and future shareholders. 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.

SOURCE ESE Entertainment Inc.

For further information about ESE, please contact:

Daniel Mogil
investors@esegaming.com
+1 (437) 826-4012

SOURCE: ESE Entertainment Inc.

View source version on accesswire.com:
https://www.accesswire.com/719303/ESE-Entertainment-Announces-New-Customer-and-USD5M-Business-Contract

FAQ

What is ESE Entertainment's recent contract worth?

ESE Entertainment has entered into a USD$5 million contract.

Who is ESE Entertainment's new customer?

The new customer is a European video game developer and publisher.

What services will ESE provide under the new contract?

ESE will deliver technology and user acquisition services for a flagship game.

Until when is the contract with the new customer effective?

The contract is effective until June 2023.

How many partners does ESE Entertainment currently have?

ESE has over 350 partners in the gaming industry.