Simplicity Esports Signs Equipment Loan to Purchase New PCs with NVIDIA 3090 GPUs for Gaming and Cryptocurrency Mining in its Esports Gaming Centers
Simplicity Esports and Gaming Company (OTCQB:WINR) has secured a $400,000 loan from accredited investors to purchase 80 PCs, which will enhance its esports gaming centers. The loan carries a 10% interest rate, repayable over 60 months. CEO Roman Franklin highlighted that the new NVIDIA 3090 graphics cards will improve customer experience and potentially generate over $20,000 in monthly gross revenue from cryptocurrency mining. The company also plans to list its stock on The NASDAQ Capital Market, though approval is not guaranteed.
- Acquisition of 80 new PCs aiming to enhance gaming experience.
- Potential for over $20,000 monthly revenue from cryptocurrency mining using NVIDIA 3090 graphics cards.
- Plans to upgrade existing 450 gaming systems to improve competitive standing.
- Loan is secured by the PCs, indicating financial pressure.
- Listing on NASDAQ is uncertain, presenting potential market access risk.
The
Boca Raton, Florida, Nov. 19, 2021 (GLOBE NEWSWIRE) -- Simplicity Esports and Gaming Company (OTCQB:WINR) (“Simplicity Esports”) announced that it has signed an equipment loan that will be used to purchase 80 new PCs. The loan is secured by the PCs, has a
Roman Franklin, CEO of Simplicity Esports, stated, “I am thrilled to continue upgrading our existing gaming stations across our footprint of esports gaming centers. NVIDIA 3090 graphics cards provide a best in class gaming experience for our customers, and are highly effective for mining cryptocurrencies, such as Ethereum. Based on current prices of Ethereum, the 3090’s should generate over
Simplicity Esports intends to list its common stock and warrants on The NASDAQ Capital Market. There is no guarantee that the open listing application will be approved by The Nasdaq Capital Market.
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
561-819-8586
FAQ
What is the purpose of the $400,000 loan from Simplicity Esports?
What technology will Simplicity Esports be using with the new PCs?
How much potential revenue could the new PCs generate?
What are Simplicity Esports' plans for stock market listing?
How many gaming systems does Simplicity Esports currently have?
