ESE announces the acquisition of Gaming Technology Company with

  • The transaction is expected to strengthen ESE’s position in esports and games, adding GameAddik’s existing customer base to that of ESE. Customers include some of the world’s largest video game developers.
  • In fiscal 2020, GameAddik generated revenues of $ 24.0 million and operating revenues of $ 4.7 million (unaudited).
  • The acquisition will meet the core strategic priorities of (i) increasing revenues and profitability, (ii) expanding the level 1 customer base, (iii) strengthening the technology stack, (iv) expanding the operational geography, ( v) adding experienced executives to ESE leadership, and (vi) increasing platform scalability through unique and high-value business offerings.

VANCOUVER, British Columbia, December 01, 2021 (GLOBE NEWSWIRE) – ESE Entertainment Inc. (“we“”, “ESE“, or the”Society“) (TSXV: ESE) (OTCQB: ENTEF) is pleased to announce that it has entered into a share purchase agreement (the”SPA“) to acquire 9327-7358 Québec Inc. DBA GameAddik (“GameAddik“), a Canadian technology company focused on games and electronic sports (the”Acquisition“). GameAddik has demonstrated consistent revenue growth and profitability based on historical unaudited financial data. GameAddik operates in Quebec, Canada, and works with some of the most recognized game publishers in the world.

GameAddik Business
GameAddik is a technology company specializing in the video game industry. The company creates and runs its performance model technology software to generate users and increase gaming reach for its customers, who are primarily video game developers. GameAddik, through its wholly owned PWN Games brand, is considered one of the top CPA (cost per acquisition) networks for games by

Highlights of key transactions:

  • Growth in turnover and EBITDA: GameAddik generated revenue of $ 24.0 million and operating income of $ 4.7 million in fiscal 2020 (unaudited).
  • Adds new technologies and capabilities: GameAddik has proprietary technology and systems specifically designed to help video game developers reach more users.
  • High-value clientele: GameAddik has a diverse and high-value customer base that includes some of the biggest video game developers on the market today.
  • Ability to deliver results: GameAddik reaches 30 million qualified game users each month through its publisher network, enabling the company to register more than 300,000 new high-value players each month for its customers.
  • Possibility to enter iGaming: The technology provided by GameAddik is expected to be directly applicable to the iGaming industry, which ESE may seek to enter.
  • Strong alignment with existing management and team: The transaction price will be paid primarily through ESE shares which will be acquired over a three-year period, prompting the teams.
  • Proven management team: Transaction to bring GameAddik’s existing leadership and management team, which has a proven track record in the gaming and tech industries.

Konrad Wasiela, CEO of ESE, said: “The acquisition of GameAddik is directly aligned with ESE’s vision and corporate culture. This sends a clear message that we are accelerating our growth strategy globally and continuing to make strategic acquisitions. GameAddik’s financial performance demonstrates the ability of its world-class management team to grow and evolve as a profitable technology company. With the addition of GameAddik’s intellectual property and technologies, we are confident that this transaction will energize our existing business and take it to the next level. It will be a transformational acquisition for ESE.

Eric Jodoin, CEO of GameAddik, commented: “The GameAddik team is very happy to join ESE as a new game technology unit of the group. With our specialized expertise in technology and large-scale user acquisition campaigns, GameAddik will be able to empower every asset in the ESE portfolio with enhanced audience reach and monetization capabilities. ESE’s strong presence in the rapidly growing esports market is expected to bring a new set of growth opportunities to GameAddik. We believe the synergies are clear and this Transaction will affirm our position as one of the leading companies in the gaming industry. With both organizations sharing the same great values ​​and already aligned with a clear vision for the future, we believe that the execution of this agreement will be a major catalyst for the success of ESE and GameAddik.

Transaction conditions

Under the SPA, ESE will acquire 100% of the issued and outstanding securities in the capital of GameAddik in exchange for (i) $ 2,061,000 in cash payable at Closing or within five (5) days of Closing, ( ii) $ 2,751,000 in cash payable six (6) months from closing, subject to an adjustment based on GameAddik’s working capital at closing and (iii) 7,377,143 common shares of ESE (the “”Counterpart actions“). The Company will have the right to repurchase 5,848,163 of the counterpart shares for nominal consideration if certain revenue milestones are not met by GameAddik for its fiscal years 2022 to 2024. Following the acquisition, key personnel of GameAddik will continue. to operate the activities of GameAddik.

Completion of the acquisition remains subject, among other things, to the approval of the TSX Venture Exchange.

About GameAddik
GameAddik is a technology company specializing in the video game industry. The company creates and runs its performance model technology software to generate users and increase gaming reach for its customers, who are primarily video game developers. GameAddik, through its wholly owned PWN Games brand, is considered one of the top CPA (cost per acquisition) networks for games by |

About ESE
ESE is a European entertainment and technology company focused on games, particularly esports. 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 e-commerce channels, esports teams, and gaming leagues. In addition to the Company’s organic growth opportunities, the Company is considering selective acquisitions that align with its goal of becoming a dominant global player in esports technology and infrastructure. |

Forward-looking statements
This press release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, that deal with activities, events, results, developments, performance or achievements that ESE anticipates or expects to occur or will occur in the future (in whole or in part) should be considered as prospective. information. This information may involve, without limitation, statements regarding: (i) the likelihood and timing of completion of the acquisition; (ii) the expected benefits of the Acquisition for ESE, including the applicability of GameAddik’s platform to the iGaming industry and the synergies between the management teams of GameAddik and ESE; (iii) the attributes and results of GameAddik’s technology and offerings; (iv) the expectation that the acquisition will energize and energize ESE’s existing business and portfolio, take them to the next level and be a transformational acquisition; (v) ESE’s ability to bring new avenues of growth to GameAddik and to assert its position as one of the leading performance marketing agencies in the video game industry; and (vi) approval of the acquisition by the TSX Venture Exchange. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is planned”, “budget”, “planned”, “estimates”, “forecasts”. “,” Hears “,” anticipates “or” believes “or variations (including negative variations) of these words and expressions, or statements made in the future or indicating that certain actions, events or results” could “,” could “,” would “,” could “or” will “(or other variations of the foregoing) either take, occur, be achieved or occur. Forward-looking information is based on competitive, financial and economic data and operating plans, strategies or beliefs currently available as of the date of this press release, but involve risks, uncertainties, assumptions and other known and unknown factors that may cause actual results, performance or the achievements of ESE are materially different from the future results, performances or achievements expressed or implied by the forward-looking information. These 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, operating results, future capital (including the amount, nature and sources of their funding) and expenses. Any forward-looking information contained in this press release is expressly qualified by this cautionary statement. Trading in SEE securities should be viewed as 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 more information on ESE, please contact:
Daniel Mogil, Investor Relations
[email protected]

A photo accompanying this announcement is available at

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