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Simplicity Esports appointed Knicks Lau as CFO effective March 29, 2021, transitioning Jed Kaplan to Chairman of the Board and promoting Roman Franklin to CEO. Lau brings over a decade of public company experience, enhancing corporate governance. The company has applied for Nasdaq listing, though approval is uncertain. Simplicity Esports is actively involved in esports, NFTs, and operates multiple gaming centers, aiming to leverage growth in the competitive gaming market.
Simplicity Esports and Gaming Company (WINR) has announced the sale of limited edition non-fungible tokens (NFTs) exclusively for members of its esports gaming centers. As the largest esports center operator in North America, Simplicity has a customer base of over 400,000. President Roman Franklin highlighted plans to reward memberships with access to unique NFTs and is exploring further blockchain opportunities with Project Token. Additionally, the company has partnered with the University of Central Florida Blockchain Innovation Lab for NFT development.
Simplicity Esports and Gaming Company (OTCQB:WINR) announced the acquisition of an esports gaming center near California State University, Fullerton, marking its 13th corporate-owned center. This strategic location is expected to cater to the student population as COVID-19 restrictions ease. The company reported that Fullerton's revenue was over $2.7 million in 2019 from previous acquisitions. This new center will be the third in California and is set to reopen in April, enhancing Simplicity's footprint in the competitive esports market.
Simplicity Esports and Gaming Company (OTCQB:WINR) has reported a record of 43 franchise applications in the last 30 days for new gaming centers via its subsidiary, PLAYlive Nation. The application process involves financial disclosures and business backgrounds, typically taking 30 to 60 days for vetting. Each franchise costs $45,000, and additional revenue is generated from sales of equipment for center construction. President Roman Franklin cites pent-up demand due to COVID-19 as a factor for the surge, anticipating continued growth as restrictions ease.
Simplicity Esports and Gaming Company (OTCQB:WINR) has partnered with Project Tokan and the University of Central Florida Blockchain Innovation Lab to launch a range of non-fungible tokens (NFTs). This collaboration aims to mint and sell NFTs as a digital merchandise offering for esports fans. Roman Franklin, President of Simplicity Esports, sees significant opportunities in the NFT space, while CEO Caesar Medel emphasizes the potential for global market expansion.
Corey Lanzing, CEO of Project Tokan, expresses excitement about collaborating in a space populated by top brands.
Simplicity Esports (OTCQB:WINR) announced that its Brazilian subsidiary, Flamengo Esports, remains undefeated at the top of the CBLOL League of Legends 2021 season with a 6-0 record. Additionally, the Flamengo Academy team is tied for first place at 5-1. The company's Heroes of the Storm team also excelled, becoming champions of the Community Clash League Season 1 with a perfect 6-0 playoff record. CEO Jed Kaplan expressed pride in the teams' performances, underscoring a commitment to player development and future growth in esports.
Simplicity Esports and Gaming Company (OTCQB:WINR) announced non-binding letters of intent to acquire five franchisee-owned esports gaming centers, expected to close by October 30, 2020. These centers generated over $2 million in revenue in 2019. President Roman Franklin expressed optimism about expanding their corporate footprint and increasing revenues through these acquisitions. Notably, the acquisition structure involves franchisees receiving restricted stock as payment. Additionally, the company has applied for NASDAQ uplisting and recently secured a League of Legends franchise.
Simplicity Esports and Gaming Company (OTCQB:WINR) has signed a definitive agreement to acquire the assets of a franchisee-owned esports gaming center in St. Petersburg, FL. The acquisition includes furniture, fixtures, equipment, inventory, and a customer list, valued at 29,504 shares of restricted common stock. This is the second acquisition within a week, aimed at expanding its footprint. St. Petersburg's population includes over 66,000 residents under 24, offering potential market growth. The acquisition allows full revenue reporting from gaming centers, enhancing financial consolidation.
On October 2, 2020, Simplicity Esports and Gaming Company (OTCQB:WINR) announced its approval to purchase a League of Legends franchise in the Campeonato Brasileiro de League of Legends (CBLoL). This acquisition reflects Simplicity Esports' commitment to expanding its presence in the esports industry, a sector where it already competes in various popular games, including Apex Legends, PUBG Mobile, and Overwatch. Further details about the franchise purchase will be disclosed in the coming days, indicating potential growth opportunities for the company.
