ESE Entertainment Provides Corporate Update
ESE Entertainment Inc. (TSXV:ESE)(OTCQX:ENTEF) has provided a corporate update highlighting strategic developments and future objectives. The company has received a non-dilutive cash injection following the sale of its remaining minority interest asset, valued at a $13 million enterprise value. This transaction has recapitalized ESE's treasury without diluting shareholders and reduced associated operational costs.
Key focus areas include:
- Becoming a global leader in gaming production, AI, AR, and VR technologies
- Pursuing profitable growth through strategic M&A in the gaming and entertainment sector
- Enhancing operational excellence and cost-effectiveness
- Creating shareholder value through disciplined financial management
CEO Konrad Wasiela emphasized that this cash injection positions ESE for future growth and solidifies its market presence in the gaming industry.
ESE Entertainment Inc. (TSXV:ESE)(OTCQX:ENTEF) ha fornito un aggiornamento aziendale evidenziando sviluppi strategici e obiettivi futuri. L'azienda ha ricevuto un iniezione di liquidità non diluitiva a seguito della vendita del suo rimanente asset di minoranza, valutato a un valore d'impresa di 13 milioni di dollari. Questa transazione ha ricapitalizzato il tesoro di ESE senza diluire gli azionisti e ha ridotto i costi operativi associati.
Le aree chiave di focus includono:
- Diventare un leader globale nella produzione di giochi, tecnologie AI, AR e VR
- Puntare a una crescita redditizia attraverso M&A strategici nel settore dei giochi e dell'intrattenimento
- Migliorare l'eccellenza operativa e l'efficacia dei costi
- Creare valore per gli azionisti attraverso una gestione finanziaria disciplinata
Il CEO Konrad Wasiela ha sottolineato che questa iniezione di liquidità posiziona ESE per una crescita futura e solidifica la sua presenza nel mercato dell'industria dei giochi.
ESE Entertainment Inc. (TSXV:ESE)(OTCQX:ENTEF) ha dado una actualización corporativa destacando desarrollos estratégicos y objetivos futuros. La empresa ha recibido una inyección de efectivo no dilutiva tras la venta de su activo restante de interés minoritario, valorado en 13 millones de dólares en valor empresarial. Esta transacción ha recapitalizado el tesoro de ESE sin diluir a los accionistas y ha reducido los costos operativos asociados.
Las áreas clave de enfoque incluyen:
- Convertirse en un líder global en producción de juegos, tecnologías de IA, AR y VR
- Buscar un crecimiento rentable a través de M&A estratégicos en el sector de juegos y entretenimiento
- Mejorar la excelencia operativa y la eficiencia de costos
- Crear valor para los accionistas a través de una gestión financiera disciplinada
El CEO Konrad Wasiela enfatizó que esta inyección de efectivo posiciona a ESE para un crecimiento futuro y solidifica su presencia en la industria del juego.
ESE 엔터테인먼트 주식회사 (TSXV:ESE)(OTCQX:ENTEF)는 전략적 발전과 미래 목표를 강조하는 회사 업데이트를 제공했습니다. 이 회사는 나머지 소수 지분 자산의 매각에 따라 희석되지 않는 현금 투입을 받았으며, 해당 자산의 기업 가치는 1,300만 달러에 달합니다. 이 거래는 주주에게 희석 없이 ESE의 재무를 재자본화하고 관련 운영 비용을 줄였습니다.
주요 초점 분야에는:
- 게임 제작, AI, AR 및 VR 기술의 글로벌 리더가 되는 것
- 게임 및 엔터테인먼트 분야에서 전략적 M&A를 통한 수익성 있는 성장 추구
- 운영 우수성 및 비용 효율성 향상
- 규율 있는 재무 관리를 통해 주주 가치를 창출하는 것
CEO 콘라드 바시엘라는 이번 현금 투입이 ESE를 미래 성장에 대비할 수 있도록 하고 게임 산업에서의 시장 입지를 강화한다고 강조했습니다.
ESE Entertainment Inc. (TSXV:ESE)(OTCQX:ENTEF) a fourni une mise à jour de l'entreprise mettant en lumière les développements stratégiques et les objectifs futurs. L'entreprise a reçu une injection de liquidités non dilutives suite à la vente de son actif de minorité restant, évalué à une valeur d'entreprise de 13 millions de dollars. Cette transaction a recapitalisé le trésor d'ESE sans diluer les actionnaires et a réduit les coûts opérationnels associés.
Les principaux domaines d'intervention comprennent :
- Devenir un leader mondial dans la production de jeux, les technologies IA, AR et VR
- Poursuivre une croissance rentable grâce à des fusions et acquisitions stratégiques dans le secteur du jeu et du divertissement
- Améliorer l'excellence opérationnelle et l'efficacité des coûts
- Créer de la valeur pour les actionnaires grâce à une gestion financière disciplinée
Le PDG Konrad Wasiela a souligné que cette injection de liquidités positionne ESE pour une croissance future et renforce sa présence sur le marché de l'industrie du jeu.
ESE Entertainment Inc. (TSXV:ESE)(OTCQX:ENTEF) hat ein Unternehmensupdate veröffentlicht, das strategische Entwicklungen und zukünftige Ziele hervorhebt. Das Unternehmen hat eine nicht verwässernde Kapitaleinlage erhalten, die auf den Verkauf seines verbleibenden Minderheitsanteils mit einem Unternehmenswert von 13 Millionen Dollar zurückzuführen ist. Diese Transaktion hat die Finanzmittel von ESE rekapitalisiert, ohne die Aktionäre zu verwässern, und die damit verbundenen Betriebskosten gesenkt.
Wichtige Fokusbereiche umfassen:
- Ein globaler Marktführer in der Spielproduktion, KI, AR und VR-Technologien zu werden
- Renditestarkes Wachstum durch strategische M&A im Bereich Gaming und Unterhaltung anzustreben
- Operative Exzellenz und Kosteneffizienz zu verbessern
- Wert für die Aktionäre durch disziplinierte Finanzverwaltung zu schaffen
CEO Konrad Wasiela betonte, dass diese Kapitaleinlage ESE für zukünftiges Wachstum positioniert und die Marktpräsenz in der Gaming-Industrie festigt.
- Non-dilutive cash injection from minority interest asset sale at $13 million enterprise value
- Improved cash position without shareholder dilution
- Reduced audit and operational costs associated with the sold asset
- Strategic positioning to become a leader in gaming production, AI, AR, and VR technologies
- Focus on profitable growth through M&A in gaming and entertainment sector
- None.
Non-Dilutive Cash Injection Following Minority Interest Asset Sale for
VANCOUVER, BC / ACCESSWIRE / July 19, 2024 / ESE Entertainment Inc. (TSXV:ESE)(OTCQX:ENTEF) ("ESE" or the "Company"), a gaming company that provides a range of services to leading video game developers and publishers, is pleased to provide an update to our shareholders, detailing the company's strategic direction and recent achievements.
Strategic Highlights and Future Objectives:
Non-Dilutive Cash Injection: Following the sale of our remaining minority interest asset, ESE has received a substantial non-dilutive cash injection, recapitalizing the treasury. This transaction not only improves ESE's cash position without causing dilution to shareholders but also reduces audit and operational costs associated with continuing to hold the asset.
Shareholder Value: With a capitalized treasury, ESE is in a stronger position to execute our strategic plans and focus on increasing value. We are dedicated to creating shareholder value through disciplined financial management and strategic investments in high-growth areas.
Focus on Innovation: ESE is now strategically positioned to become a global leader in gaming production, AI, AR, and VR technologies. We are committed to leveraging our industry expertise to push the boundaries of innovation and deliver cutting-edge solutions to our clients and partners.
Profitable Growth through M&A: Our primary focus moving forward is on profitable growth within the gaming and entertainmentsector. We are actively seeking mergers and acquisitions that align with our strategic objectives and enhance our profitability. This approach will help us scale efficiently while maintaining a strong financial foundation.
Operational Excellence: As we streamline our operations and focus on core business areas, we anticipate improved efficiency and cost-effectiveness. This operational excellence will be a key driver in achieving our long-term strategic goals.
Konrad Wasiela, CEO of ESE Entertainment, shared, "The recent sale of our minority interest asset provides us with a significant non-dilutive cash injection, positioning us for future growth. We are now focused on becoming a global leader in gaming production, AI, AR, and VR. Our commitment to profitable growth through strategic M&A and operational excellence will drive us forward."
"In this new phase, we aim to solidify our market presence and enhance shareholder value. Our capitalized treasury and strategic focus put us in an excellent position to achieve our objectives," added Wasiela.
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: the business growth; ESE's plan to achieve its goals; potential and forward-looking initiatives for technology and the expected effects of same; ESE and its alignment with the Company's long-term vision; and more. 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.
For further information about ESE, please contact:
investors@esegaming.com
SOURCE: ESE Entertainment Inc.
View the original press release on accesswire.com
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