ESE ENTMT INC - ENTEF STOCK NEWS

ESE Entertainment Inc. (TSX-V:ESE)(OTCQX:ENTEF) has announced a strategic partnership with Poznań Game Arena and Metapro to launch the first-ever Web3 Game Arena (W3GA). This event will include a dedicated hall for Web3 games, an exhibition area, a conference on the future of web3 gaming, and a Game Jam competition. ESE aims to enhance recognition and growth in the Web3 gaming market, which remains underexposed internationally. The partnership focuses on interoperability across gaming sectors, showcasing the potential of blockchain in gaming. Notably, PGA, a major gaming fair, attracts over 50,000 visitors annually, supporting the expected success of W3GA.

ESE Entertainment Inc. announced that its CEO, Konrad Wasiela, was featured in an interview with the Toronto Star. He discussed the rise of esports as a cultural and competitive force, the business opportunities in this sector, and ESE's strategic goals for 2023. The interview focuses on ESE's offerings, including technology and infrastructure support for gaming. The Company aims for growth and considers selective acquisitions to strengthen its position in the esports technology market.

ESE Entertainment Inc. (TSXV:ESE)(OTCQX:ENTEF) announced its application to the TSX Venture Exchange for an extension on the expiry date of 1,657,730 common share purchase Warrants. Originally set to expire in December 2022, the Company proposes to extend this deadline to December 24, 2023, while maintaining the exercise price of $1.50 per share. The extension is pending approval from the TSX Venture Exchange.

ESE Entertainment Inc. (TSXV:ESE)(OTCQX:ENTEF) reported a record-breaking unaudited monthly revenue of CAD $1,038,089 for its ecommerce platform, Digital Motorsports, in November 2022. The platform achieved significant metrics, including 764 orders and 1,708 units sold, demonstrating a robust performance with over 125,000 webshop sessions. CEO Konrad Wasiela emphasized the company's commitment to expanding ecommerce capabilities and increasing profitability. This milestone marks a strong end to the year and sets the stage for anticipated growth in 2023.

ESE Entertainment Inc. (TSXV:ESE, OTCQX:ENTEF) provided a corporate update covering its achievements in fiscal 2022. Key highlights include a 73% increase in gaming technology revenue, reaching 2.4 million new users—up 300%—and formalizing partnerships with major companies. ESE anticipates strong Q4 performance and aims to maintain profitability in fiscal 2023, focusing on scaling operations and enhancing its ecommerce unit. ESE also hired a new CFO, Andrea Lieuwen, to support growth and strategic initiatives moving forward.

ESE Entertainment Inc. (TSXV:ESE)(OTCQX:ENTEF) announces its gaming technology division has achieved the status of a certified Google Partner. This certification acknowledges ESE's capability in executing successful advertising campaigns, offering access to exclusive tools and resources, thereby enhancing its competitive edge. CEO Konrad Wasiela emphasized the importance of this recognition in meeting client expectations while improving their technology. ESE actively explores organic growth and selective acquisitions within the gaming and esports sectors.

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.

ESE Entertainment reported record quarterly revenue of $15.93 million for Q3 2022, a remarkable 276% increase year-over-year. Gross profit also soared by 595% to $3.12 million.

Despite a net loss of $9.49 million, largely due to acquisition costs, adjusted EBITDA improved to $74,539 for the nine months ending July 31, 2022. Total assets grew to $33.71 million, up from $15.94 million the previous year. ESE signed 24 new business deals and enhanced visibility on the OTCQX market. The company aims for further growth as it concludes fiscal Q4.

ESE Entertainment Inc. (OTCQX:ENTEF) announced updates on its project pipeline following recent partnership developments. The company attended Gamescom in Germany to showcase technology solutions and is set to participate in DMEXCO, aiming to enhance its business pipeline. ESE appointed Andrea Lieuwen as Chief Financial Officer, enhancing its financial leadership. Additionally, the company expanded its software team and partnered with Toyota Ireland for a professional racing simulator. ESE signed three new clients for gaming technology in September, reflecting ongoing growth and business development efforts.