VANCOUVER, BC, Jan. 18, 2021 /CNW/ - ESE Entertainment
Inc. ("we", "ESE", or the "Company")
(TSXV: ESE) (OTCQB: ENTEF) is pleased to announce that it has
closed the previously-announced acquisition of all of the business
assets and intellectual property of K1CK Esports Club
("K1CK") from its founder and owner, Pedro Fernandes (the "Vendor"), effective
January 18, 2021.
K1CK is a pioneer of esports in Europe, having been founded in 1998. K1CK
manages esports teams that compete across multiple games and
platforms and, since its inception, K1CK has seen continued success
in esports competitions across Europe and the rest of the world. The
acquisition of K1CK will allow ESE to further its growing position
in the esports industry.
Pedro Fernandes, founder of
K1CK, commented ""This is an important milestone for K1CK as
we continue our goal of becoming a global tier-1 brand in the
esports industry. We are proud of our successes to date and see a
very bright future ahead with ESE Entertainment, in our pursuit of
excellence."
Konrad Wasiela, CEO of ESE,
commented "K1CK is a respected and valued brand in the esports and
gaming community, and we are excited to work alongside Pedro to
take K1CK to the next level. Our goal is clear, we want K1CK to
become the next big esports and gaming brand. We want K1CK to be in
the same conversation as global esports brand leaders such as
Cloud9, G2 Esports, and FaZe Clan. We look forward to having a
breakout year in 2021."
The initial consideration payable on closing by ESE consisted of
the following: (i) C$60,000 paid to
the Vendor in cash; and (ii) 350,000 common shares of ESE issued to
the Vendor. A further C$60,000 cash
payment is payable by ESE on demand by the Vendor after
January 20, 2021. As part of the
acquisition, ESE has also entered into a services agreement with
the Vendor, pursuant to which the Vendor will assist ESE with the
continued operation of K1CK following closing.
About ESE Entertainment Inc.
ESE is a Europe based
entertainment and technology company focused on gaming,
particularly on esports. ESE consists of multiple assets and
world-class operators in the gaming and esports industries.
Capabilities include but are not limited to: physical
infrastructure, broadcasting, global distribution for gaming and
esports-related content, advertising, sponsorship support, and a
growing esport team franchise. ESE is focused on bridging
Europe, Asia and North
America. | www.ese.gg
About K1CK
K1CK Esports Club is an esports
organization based in Europe. More
than 100 world-class players have played under the K1CK team name,
including Ricardo "fox" Pacheco and Carlos "ocelote" Santiago. The current stars of the team
include League of Legends player Lukasz
"Puki Style" Zygmunciak and FIFA player João "JOliveira10"
Oliveira. | www.k1ck.com
Forward-Looking Statements
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, comments with
respect to the benefits derived from the acquisition of K1CK and
the strategies, expectations, planned operations and future actions
of ESE and K1CK. 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. 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.
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SOURCE ESE Entertainment Inc.