Good Gaming CEO David B. Dorwart Issues April Update to Shareholders
10 May 2018 - 11:08PM
InvestorsHub NewsWire
Kennett Square, PA -- May 10, 2018 -- InvestorsHub NewsWire -- Good
Gaming, Inc. (OTC PINK: GMER) (the “Company”) CEO David B. Dorwart
is pleased to provide his latest monthly corporate update for the
month of April 2018 through the issuance of this letter to
shareholders.
We continued to be pleased with the progress we are making at
Good Gaming. While we have yet to see substantial revenue growth to
date, we are extremely confident that many of our current projects
will start to show traction in the form of results in the very near
future.
April was a very challenging month for our Minecraft division.
Player counts were down across all Minecraft servers worldwide
including ours. April tends to be a challenging month since our
primary market is focused around school causing player counts to
fluctuate wildly during the month. This was also compounded by the
recent attention garnished by Fortnite with their huge live stream
tournament that temporarily captured the attention and gameplay of
many Minecraft players. Additionally, we were intensely focused on
the integration of our Minecade servers. As a result, revenue was
down 27% with player counts down during the month. While we are
currently down from our peak, it is important to note that most
major Minecraft servers have experienced similar declines and we
expect to recover sharply over the summer months as the end of
school nears and the Fortnite hype is neutralized.
We expect the next several months to be an exciting time for
Good Gaming. The explosive growth of the Battle Royale genre has
prompted us to develop our own Minecraft take on it, and we feel
that the Minecraft community will absolutely love the game mode and
tournament atmosphere we have created. To kickstart our summer
campaign, we will hold our first Good Gaming Battle Royale
tournament this month, over the Memorial Day weekend. This
Minecraft Battle Royale Mod was exclusively created for our Good
Gaming server, and we are confident this unique tournament will
bring new players from across the globe, which will increase player
counts and enrich our community. We encourage everyone to take a
look at the mods we have developed and join in on the fun that can
only be found on the Good Gaming server network.
https://play.good-gaming.com/battleroyale/
Tournaments and Leagues
Recently, the National Federation of State High School
Associations formally endorsed esports. This shows that we have
been right on track with the development of competitive leagues and
clubs at the high school level. While the current endorsement
is for online play, we believe that there will be substantial
opportunities for in-person competitions comparative to current
high school sporting events. We are now working with several high
schools to offer a far more social system of esports that can offer
students an opportunity for competitive game play and potential
collegiate scholarships.
Video LAN Centers
We continue to do comprehensive due diligence in order to take
advantage of potential opportunities offered in this space. While
we are confident that this space offers the ability to scale, we
have also seen changes in technology and in the social space,
making it a challenge to devise a long-term business model that
will be successful. In the near future we plan to announce our
strategy on how we plan to enter this space and are confident that
our patience will pay off over the long-term.
Cryptocurrency Mining Update
We continue to actively mine Bitcoin cryptocurrency and will
continue to make this a part of our overall strategy going forward.
We see ample opportunities in cross marketing our mining operations
by integrating a rewards program for our Good Gaming members and
tournament players. More great news to follow in this sector.
Lastly, we are happy to announce the creation of an ESOP
(Employee Stock Option Plan) for the talented people that
contribute to the building of Good Gaming. It takes an army to
build a mountain, and we have many people who have worked with us
in various capacities of operations, development and marketing, who
we would like to incentivize and reward with Good Gaming stock. As
such, we have recently increased our authorized shares to 200
million. While we may never actually issue all authorized shares,
this will allow us the flexibility to take advantage of acquiring
additional revenue producing assets, business opportunities and
reward those that contribute to the success of Good Gaming Inc.
In conclusion, we feel we are at the cusp of executing on
several opportunities that we have been working hard to develop.
We are also excited to kick off our summer campaign with a
new exclusive Minecraft tournament over the Memorial Day weekend.
The next several weeks should be an exciting time for the company
and our loyal members. We ask that everyone keep an eye out for
more developments as various opportunities avail themselves over
the next several weeks.
Until next month, game away!
David B. Dorwart
For more information please visit our website:
https://www.good-gaming.com
Social networks:
Twitter: https://twitter.com/GOODGMER
Facebook: https://www.facebook.com/GoodGMER/
Blog: https://investor.good-gaming.com/blog/
Investors
Hangout: https://investorshangout.com/Good-Gaming-Inc-GMER-62551/
About Good Gaming:
Good Gaming is a leading competitive gaming and social network
platform targeting over 250 million esports players and
participants worldwide who want to communicate with each other,
develop strategies, and compete at novice, competitive and
professional levels. Good Gaming has taken a strategic
multifaceted approach in the esports industry with products and
services ranging from multiple minecraft servers, a proprietary
tournament platform, high school esports leagues and soon to come
virtual reality centers. The esport industry continues to
experience exponential growth going from $500 million to $1.2
billion over the last two years while industry analysts forecast a
$5 billion global industry by 2020. Good Gaming seeks to create and
exploit opportunities as the industry allows.
Safe Harbor
This release contains statements that constitute forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These statements appear in a number of places
in this release and include all statements that are not statements
of historical fact regarding the intent, belief or current
expectations of Good Gaming Inc., its directors or its officers
with respect to, among other things: (i) financing plans; (ii)
trends affecting its financial condition or results of operations;
(iii) growth strategy and operating strategy. The words "may,"
"would," "will," "expect," "estimate," "can," "believe,"
"potential" and similar expressions and variations thereof are
intended to identify forward-looking statements. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, many of which are beyond Good Gaming Inc.’s ability
to control, and that actual results may differ materially from
those projected in the forward-looking statements as a result of
various factors. More information about the potential factors that
could affect the business and financial results is and will be
included in Good Gaming Inc.’s filings with the Securities and
Exchange Commission.
Public Relations and Shareholder Information: Joseph M. Vazquez III Phone: (800) 686-5044 Email infinityglobalconsulting@gmail.com
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