ESE ENTMT INC - ENTEF STOCK NEWS

ESE Entertainment Inc. (TSX-V: ESE, OTCQB: ENTEF) has filed a short form prospectus for a public offering of 5,360,000 units priced at $1.40 each, aiming to raise gross proceeds of $7,504,000. Each unit includes one common share and one warrant, allowing purchase of an additional common share at $1.95 for 24 months. The underwriters have an over-allotment option for an additional 804,000 units, potentially increasing proceeds by $1,125,600. The offering is expected to close around July 19, 2021, subject to regulatory approvals.

ESE Entertainment has partnered with Kantar, a global market research agency, to enhance market research and strategy in esports and digital motorsports. This collaboration aims to identify opportunities and barriers in the esports environment and understand player demographics. Kantar, with a presence in over 100 markets and a database of over 2 billion profiles, intends to leverage this partnership to create specialized offerings for clients. ESE believes this partnership will support more effective business strategies within the esports industry.

ESE Entertainment Inc. (OTCQB: ENTEF) has announced that its esports team, K1CK, qualified for the Apex Legends Global Series Championship (ALGS) in the EMEA group for the 2021 season. The championship features a minimum prize pool of USD $1,000,000, with the EMEA winner receiving USD $102,000. A total of 40 teams will compete in the North America and EMEA Championships, with the initial stage dividing teams into groups for Round Robin matches. CEO Konrad Wasiela expressed excitement over K1CK's progress in global esports tournaments.

ESE Entertainment Inc. (OTCQB: ENTEF) announced a Letter of Intent to acquire Digital Motorsports, an Irish esports company specializing in simulation racing. ESE plans to buy 100% of Digital Motorsports, with the final purchase price contingent on due diligence. The acquisition aims to strengthen ESE's position in the sim racing market, leveraging Digital Motorsports' profitable business model and partnerships. The deal includes Digital Motorsports’ intellectual property and key industry contracts. The transaction is subject to regulatory approval and the finalization of a definitive agreement.

ESE Entertainment (OTCQB: ENTEF) has announced a seven-figure contract with Electric Vault Sp. z o.o. to produce an esports talent show across major markets including China, Japan, South Korea, Vietnam, and Brazil. The show aims to spotlight aspiring esports athletes competing in popular mobile games like PUBG and Peacekeeper Elite. This initiative is expected to enhance ESE's presence in the esports industry, which generated over 59 billion USD in 2020 across these key markets, as cited by Newzoo.

ESE Entertainment Inc. (TSXV: ESE, OTCQB: ENTEF) announces the launch of the Rio Ave FC K1CK Cup, an esports tournament in FIFA 21. This event is in collaboration with Portugal's Rio Ave Football Club and aims to attract global participants. The tournament will feature an online qualifier on May 8, 2021, culminating in finals on May 22, 2021, at the Estádio do Rio Ave FC. CEO Konrad Wasiela expresses excitement over this partnership, highlighting its potential to enhance brand exposure and engage fans in the esports sector.

ESE Entertainment Inc. (OTCQB: ENTEF) has appointed Rick Brace to its Board of Directors, effective immediately. Brace, known for his leadership at Rogers Media, brings over 40 years of experience in the media industry, including negotiations with major sports organizations. His addition aims to enhance ESE’s strategy in the rapidly growing esports market. Ryan Maarschalk has resigned from the Board, effective April 25, 2021. ESE focuses on gaming and esports, bridging markets across Europe, Asia, and North America.

ESE Entertainment Inc. (OTCQB: ENTEF) has completed the acquisition of 51% of World Phoning Group Inc. (WPG) effective April 12, 2021. This transaction positions ESE as one of the world’s largest esports infrastructure companies. In 2020, WPG generated over $14 million in revenue, and this acquisition expands ESE's client base and operational capacity. ESE plans to leverage WPG’s technology and seasoned staff to enhance its offerings in the esports market.

ESE Entertainment (TSXV: ESE, OTCQB: ENTEF) announced CEO Konrad Wasiela's participation in the Q1 Virtual Investor Summit from March 23-25, 2021. He will present on March 25 at 2:30 PM ET. This summit connects small and microcap companies with over 300 institutional and retail investors. It features around 100 companies and offers a platform for investors to engage with emerging market leaders. Interested participants can register for free at the Investor Summit website.