GGTOOR, Inc. (OTCMKTS: GTOR) Announces Update on Nerdland Purchase and Tournament Results for the Week Ended October 29, 2022
GGTOOR, Inc. (OTCMKTS:GTOR) has announced that Steven Zacharias, founder of Nerdland, will contribute his assets valued between $10 and $20 million to secure a loan for Nerdland LLC. This pledge includes scripts, character rights, and royalties. The appraisal process is in progress as a final step in underwriting. In October, GGTOOR achieved significant engagement with over 2,000 player registrations across nine tournaments, showcasing a strong growth trend, particularly in events like Smash Brothers Ultimate (28% increase) and Pokemon Unite (37% increase).
- Steven Zacharias pledges $10-$20 million in assets to secure Nerdland LLC loan.
- October saw over 2,000 player registrations across nine tournaments, indicating strong community engagement.
- Significant growth in player registrations noted in specific events: Smash Brothers Ultimate (28%), Clash of Clans (23%), Pokemon Unite (37%).
- None.
THOMASVILLE, GA, Nov. 02, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- GGTOOR, Inc. (OTCMKTS:GTOR) (“GGTOOR, Inc.”, “GTOR”, or the “Company”), an emerging leader in the eSports markets, announces Nerdland founder Steven Zacharias has agreed to contribute all his scripts, character rights, royalties and all other such properties to Nerdland LLC. Mr. Zacharias has estimated these properties have an asset value between
John V Whitman Jr. has this to say: “I am very pleased that Mr. Zacharias has agreed to pledge some of his personal assets to aid in securing the loan. This becomes especially important in the event Nerdland LLC. fails to close within the timeframe agreed to or they close but later default on their payment obligations to GGToor. When we renegotiated the contract to purchase with Nerdland, I demanded that they agree to a ‘Forbearance’ of Nerdland LLC., and all its operations, assets, copyrights, patents, ideas, concepts, rights, and interests. GGToor has no desire for Nerdland LLC. to fail or not complete the purchase but if it does, having knowledge Nerdland LLC. will have real assets provides some degree of comfort our time and energy was not wasted. I have talked to the lender, and provided the appraisal of Mr. Zacharias’s assets is remotely close to what he personally values them, then he sees no reason they will not close the loan.”
GGToor closed out the month of October strong, crowing winners for nine tournaments that drew a combined total of over 2,000 player registrations!
The Company’s special Smash Brothers Ultimate event on Tuesday saw a
This weekend's events highlighted GGToor's diversity to reach across a wide variety of genres to reach different communities in the gaming universe. From platformers like Super Smash Brothers Ultimate, to Collectible card games like Yu-Gi-Oh, to MOBAs like Pokemon Unite, and mobile games like Clash of Clans, GGToor continues to maintain and expand a presence across the spectrum as we look for ways to create and grow revenues streams by offering advertisers and sponsors wide reach and tremendous value!
Studying what others do is a fundamental part of your own hosting experience. On one hand, you get to know the variety of gaming events in the competitive scene and plan for the future. The company is reevaluating which games to feature for the 2023 events, based on game genre and tournament organizers' community size, positioning us to bring as many players as possible from all over the globe to become part of the GGToor family. Prize pools will depend on many factors, including which eSports games we support, and of course, how many participants the event will draw.
In our business model, we offer support for those tournament organizers that have potential and want to help the gamers in their communities offer pathways to earn recognition or prepare them for the next level of tournament and league competitions. We earn the tournament organizers' trust by providing the support and prizing needed for the events, giving us a leg up on the competition.
Want to participate? If you want to bring your team or friends to GGToor.com or be a Tournament Organizer, we can support you and help you grow; you can reach a worldwide audience of similar-minded individuals that like to compete and have fun! You can be sure that GGToor.com is here to grow with you. Just follow the link to sign up as an organizer https://GGToor.com/organizerlogin.php If you have any questions about our events visit our socials; Discord https://discord.gg/GUhyZxFH8Q, Twitter https://twitter.com/GGToor/, twitch https://www.twitch.tv/GGToor, Facebook: https://www.facebook.com/gaming/eShadowGaming and Youtube: https://www.youtube.com/channel/UCTcWVwGhX2XnjB6bn5_3jnw.
About GTOR
GGTOOR, Inc., is engaged in the business of eSports. The Company is aggressively entering the Metaverse by having purchased enough virtual land, 4,144 parcels, to form its own virtual city that will be called GGTOORCITY. The Company has held over two hundred sixty video game tournaments and has given away over
Forward-Looking Statements. This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as “expect,” “expectation,” “believe,” “anticipate,” “may,” “could,” “intend,” “belief,” “plan,” “estimate,” “target,” “predict,” “likely,” “seek,” “project,” “model,” “ongoing,” “will,” “should,” “forecast,” “outlook” or similar terminology. These statements are based on and reflect our current expectations, estimates, assumptions and/ or projections as well as our perception of historical trends and current conditions, as well as other factors that we believe are appropriate and reasonable under the circumstances. Forward-looking statements are neither predictions nor guarantees of future events, circumstances or performance and are inherently subject to known and unknown risks, uncertainties and assumptions that could cause our actual results to differ materially from those indicated by those statements. There can be no assurance that our expectations, estimates, assumptions and/or projections, including with respect to the future earnings and performance or capital structure of GGTOOR, Inc.
For Additional Information Contact:
John V Whitman Jr.,
John@GGToorcorp.com
https://GGToorcorp.com/
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