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ESE Entertainment Inc
Symbol	ESE
Shares Issued	81,052,663
Close 2023-10-31	C$ 0.10
Market Cap	C$ 8,105,266
Recent Sedar+ Documents

ESE cheers $45M Esports World Cup in Saudi Arabia

2023-11-01 09:44 ET - News Release

Subject: ESE Word Document File: '\\swfile\EmailIn\20231101 063127 Attachment ESE - Corporate Update - November 1, 2023.docx' ESE Entertainment Applauds Esports World Cup with the Largest Prize Pool in Esports History of $45 Million VANCOUVER, British Columbia, November 1, 2023 - ESE Entertainment Inc. (TSXV: ESE) (OTCQX: ENTEF) ("ESE" or the "Company"), a gaming company that provides a range of services to leading video game developers and publishers, expresses its enthusiastic commendation to the Kingdom of Saudi Arabia for the unveiling of the 2024 Esports World Cup. The Esports World Cup is to be held annually in Riyadh starting in summer 2024, the Saudi Crown Prince announced. The event, is said to be the largest of its kind, will include the most popular video games in the world across all genres and will have the largest prize pool in esports history, the official Saudi Press Agency reported. "The Middle East has emerged as one of the fastest growing markets in the world for gaming and esports. This recent investment and commitment to long term business growth further solidifies the gaming market. ESE is positioned to provide key services and technology to video game developers and events. The investment and growth in this region are important for the company, as it seeks to expand its business and customer base." ESE CEO Konrad Wasiela commented. Highlighting ESE's strategic outlook: Middle East Expansion: ESE aims to solidify its presence by providing its technology and services to customers in the region. It also aims to tap into the large-scale opportunities from events like the Esports World Cup. Strengthening Partnerships: Alongside trusted partners, ESE plans to leverage its existing relationships with EMEA customers and suppliers to scale business in the region. Capitalizing on Global Trends: Recognizing the influx of investment and growth in the Saudi gaming and esports ecosystem, ESE is resolute in its plans to contribute to the local ecosystem. Saudi Arabia's bold vision resonates with ESE's mission. Given the Kingdom's strategic objective to amplify the gaming sector's GDP, the symbiotic relationship between Saudi Arabia's gaming initiatives and ESE's advanced services can be mutually beneficial. CEO, Konrad Wasiela, further reflected, "Not only has the Kingdom of Saudi Arabia invested $38 billion in Savvy Games Group to become a global leader in gaming, but they have also now doubled down to launch the Esports World Cup, a global competition with the largest prize pool in esports history of $45 Million. For ESE, this highlights the global video game market continues to expand at a rapid pace. We aim to continue to build our company and our client base internationally." ESE Entertainment Inc. Konrad Wasiela Chief Executive Officer and Director +1 (437) 826-4012 About ESE Entertainment Inc. ESE is a global technology company focused on gaming. The Company provides a range of services to leading video game developers, publishers, and brands by providing technology, infrastructure, and fan engagement services internationally. ESE also operates its own ecommerce channels, esports teams, and gaming leagues. | www.esegaming.com CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION This news release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments, performance or achievements that ESE anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking information. Such information may involve, but is not limited to, statements with respect to: increasing shareholder value; the satisfaction or completion of any or all of the Corporate Goals for 2024, ESE's growth trajectory and the potential to achieve profitability; the synergies that ESE hopes to realize, and more. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results "may", "could", "would", "might" or "will" (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of ESE to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information, including that the Transaction may not be completed or that ESE may not realize the expected benefits of the Transaction. Such factors may be based on information currently available to ESE, including information obtained from third-party industry analysts and other third-party sources, and are based on management's current expectations or beliefs regarding future growth, results of operations, future capital (including the amount, nature and sources of funding thereof) and expenditures. Any and all forward-looking information contained in this press release is expressly qualified by this cautionary statement. Trading in the securities of ESE should be considered highly speculative. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE ESE Entertainment Inc. For further information about ESE, please contact: investors@esegaming.com