Simplicity Esports Signs Agreement for Opening of Two New Esports Gaming Centers for Live Stream Broadcast Company Huvi

Rhea-AI Summary

Simplicity Esports and Gaming Company (OTCQB:WINR) has formed a new partnership with Huvi, which includes a payment of over $300,000 for consulting services and equipment sales. This agreement spans the next 90 days and covers Huvi’s first two gaming centers, granting Simplicity exclusive rights for future Huvi locations for five years. The centers will feature similar systems, including NVIDIA 3090 GPUs, and will utilize the same cryptocurrency mining process as Simplicity's existing centers. This collaboration aims to enhance local gaming options and tournament participation.

Positive

• Partnership with Huvi for consulting services and equipment sales valued over $300,000.
• Exclusive rights for consulting and equipment sales for future Huvi gaming centers for the next five years.
• Expansion of gaming options for regional and national tournaments.

Negative

• None.

Agreement provides for payment by Huvi of over $300,000 in the next 90 days for Simplicity Esports consulting services and equipment sales.

Boca Raton, Florida, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Simplicity Esports and Gaming Company (OTCQB:WINR) (“Simplicity Esports”) has entered into an agreement with live stream broadcast company Huvi for consulting services and gaming center equipment sales for Huvi’s first two gaming center locations. Simplicity Esports also secured exclusive rights for consulting and equipment sales for all future Huvi gaming centers for the next 5 years.

Roman Franklin, CEO of Simplicity Esports, stated, “I am excited to work with Huvi management as they create brick and mortar locations to accomplish their goal of creating a place for fun and creative content, “Where Lifestyle Meets Sports and Entertainment.” The Huvi gaming centers will give gamers in Florida additional options for participating in Simplicity Esports regional and national tournaments beyond our existing PLAYlive Nation and Simplicity Esports branded gaming centers.”

The Huvi locations will contain similar PCs as Simplicity Esports with NVIDIA 3090 GPUs and plan to mine cryptocurrency using the same process and system as Simplicity Esports existing gaming centers.

About Simplicity Esports and Gaming Company:

Simplicity Esports and Gaming Company (WINR) owns 17 esports gaming centers, and is the franchisor for 16 esports gaming centers that give the public an opportunity to experience gaming and esports in competitive and casual social settings, regardless of skill or experience. Simplicity Esports also owns a Riot Games League of Legends franchise and top Brazilian esports organization, Flamengo Esports. Simplicity and Flamengo branded teams compete in popular games such as League of Legends^®, FreeFire^®, Wild Rift^®, and Heroes of the Storm^®. Simplicity Esports is also in the process of designing, minting, and selling non-fungible tokens (NFTs) for the esports and gaming industries. Simplicity Esports also organizes and hosts various in-person events and play from home, online tournaments.

FreeFire^®, Heroes of the Storm^®, League of Legends^®, and Wild Rift^® are registered trademarks of their respective owners.

Forward-Looking Statements:

This press release contains statements that constitute “forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond Simplicity Esports’ control, including those set forth in the Risk Factors section of Simplicity Esports’ Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on August 30, 2021 and our subsequent SEC filings, as amended or updated from time to time. Copies of Simplicity Esports’ filings with the SEC are available on the SEC’s website at www.sec.gov. Simplicity Esports undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Simplicity Esports Contact:

Roman Franklin
Chief Executive Officer
Roman@SimplicityEsports.com
855-345-9467

FAQ

What is the significance of the new agreement between Simplicity Esports and Huvi?

The agreement signifies a partnership where Simplicity will receive over $300,000 for consulting services and equipment sales, enhancing its market presence.

How much is Simplicity Esports receiving from Huvi for the consulting service?

Simplicity Esports is set to receive over $300,000 from Huvi for consulting services and equipment sales.

What technology will be used in the new Huvi gaming centers?

The Huvi gaming centers will feature PCs with NVIDIA 3090 GPUs and will also mine cryptocurrency using systems similar to those in existing Simplicity centers.

What is the duration of the exclusivity agreement with Huvi?

Simplicity Esports has secured exclusive rights for consulting and equipment sales for all future Huvi gaming centers for five years.

How does the partnership with Huvi affect Simplicity Esports' tournament offerings?

The partnership will allow Huvi's gaming centers to provide additional locations for participating in Simplicity Esports' regional and national tournaments.