ESE ENTMT INC - ENTEF STOCK NEWS

ESE Entertainment Inc. (TSXV: ESE, OTCQB: ENTEF) has signed a binding share purchase agreement to acquire Frenzy sp. z.o.o., a European esports media and technology company. The deal, valued at CAD $4,242,500, includes cash payments, common shares, and potential earn-out shares based on revenue milestones. Frenzy specializes in esports events, broadcasts, and media content, with contracts from major gaming publishers. The acquisition aims to enhance ESE's position in the esports industry, leveraging Frenzy’s capabilities and existing contracts to achieve immediate synergies.

ESE Entertainment Inc. (OTCQB:ENTEF) has partnered with Ford World Rally Team to create a full-scale rally simulator based on the Fiesta WRC vehicle. This simulator will assist World Rally Drivers in preparing for upcoming hybrid vehicles set to debut in 2022. CEO Konrad Wasiela emphasized Digital Motorsports' leadership in developing innovative technologies for racing preparation. The simulator features professional-grade components, ensuring an authentic driving experience, including a VR setup and motorsport-grade controls.

ESE Entertainment announces the launch of its esports team K1CK's first non-fungible tokens (NFTs) on October 14, 2021, at 10 am ET. These NFTs will celebrate the team's stars, including Łukasz "Puki Style" Zygmunciak and Jose Domingo "Uxako" Llosa Mesías, while also marking K1CK's 23rd anniversary. The NFTs will be available on OpenSea, a leading NFT marketplace that recorded over $3 billion in transactions in August 2021. CEO Konrad Wasiela emphasized the growing NFT market and its potential for K1CK’s global fanbase.

ESE Entertainment Inc. (TSXV: ESE, OTCQB: ENTEF) announced that its esports team, K1CK Esports, has qualified for the Apex Legends Pro League, which boasts a prize pool of $5 million. This competition will run from October to December 2021, featuring 40 teams from the EMEA region. K1CK Esports CEO, Pedro Fernandes, highlighted the growth of Apex Legends and expressed excitement about competing at the highest level. ESE focuses on gaming and esports technology, aiming for organic growth and potential acquisitions.

ESE Entertainment Inc. (TSXV: ESE, OTCQB: ENTEF) has signed a Letter of Intent (LOI) to acquire Frenzy sp. z.o.o., a European esports media and technology firm. The acquisition involves purchasing 100% of Frenzy's securities, with 50% of the payment made in cash and the rest in ESE shares, contingent on future revenue milestones. Frenzy specializes in esports events and media content and is expected to enhance ESE's media capabilities, especially through its connection with Polsat Group. The acquisition remains subject to due diligence and regulatory approval.

ESE Entertainment Inc. (OTCQB:ENTEF) announced a distribution agreement between its subsidiary Digital Motorsports (DMS) and Motion Systems, a leading motion platform manufacturer. This partnership aims to deliver high-quality simulators to racing drivers and esports competitors at more affordable prices, making advanced simulation technology more accessible. The deal signifies a strategic move to engage a new generation of 'Digital Drivers' and enhance participation in motorsports.

ESE Entertainment Inc. (OTCQB: ENTEF) reported a remarkable revenue of $4.23 million for the three months ended July 31, 2021, marking a 491% increase over the previous quarter. The company's cash balance increased to $9.17 million, with zero debt. ESE successfully raised $8.6 million in a public offering and completed the acquisition of Digital Motorsports on September 14, 2021. A reduced net loss of $1.26 million compared to $3.81 million in the previous quarter indicates improving financial health.

ESE Entertainment Inc. (OTCQB: ENTEF) is participating in the ADAC SimRacing Expo at the Nürburgring Racetrack in Germany from September 17-19, 2021. This prestigious event attracts over 23,500 visitors and features 26 international companies, including major brands like Porsche and BMW. ESE's CEO, Niall Maher, highlighted the company's prominent exhibition space and the launch of new AR/VR technology. Additionally, ESE has issued 200,000 shares under an agreement, pending TSXV approval.

ESE Entertainment Inc. (OTCQB: ENTEF) announced the completion of its acquisition of Auto Simulation Limited, trading as Digital Motorsports, enhancing its digital motorsports business. The acquisition involved a total payment of CAD $1,681,250 in cash, 941,500 common shares, and potential future shares based on revenue milestones. ESE's CEO highlighted new technologies and global partnerships, while Digital Motorsports aims to bridge motorsport and esports. The global motorsport industry valuation is approximately €159 billion.