Simplicity Esports and Gaming Company Gives Update on Status of Gaming Centers
24 April 2021 - 1:30AM
Simplicity Esports and Gaming Company (OTCQB:WINR) (“Simplicity
Esports”), announced that it has opened the recently acquired
gaming centers in Fullerton, CA and Vancouver, WA. Simplicity
Esports now owns a total of 15 gaming centers, of which 14 are open
and operational. The Redmond, WA gaming center is expected to
reopen next week. As of April 22nd, six locations are operating at
100% capacity, one at 75% capacity, 7 at 50% capacity, and one at
25% capacity. 11 of 18 franchise gaming center locations have
reopened and are operating at various capacities.
Roman Franklin, CEO of Simplicity Esports,
stated, “We recently announced a record quarter for revenue for the
period ended February 28, 2021. Six of our corporate owned gaming
centers were not open the full quarter, and the rest were operating
at some limited capacity. We plan to continue with strategic gaming
center acquisitions, as well as construction of new locations,
throughout 2021. Assuming no new material COVID-19 restrictions, I
believe corporate-owned gaming center profitability is achievable
in the near term, as all of our corporate locations have percentage
rent lease agreements with the respective landlords.”
Simplicity Esports intends to list its common
stock and warrants on The NASDAQ Capital Market or the NYSE
American. There is no guarantee that the listing application will
be approved by The Nasdaq Capital Market or the NYSE American.
About Simplicity Esports and Gaming
Company:
Simplicity Esports and Gaming Company (WINR) is
an established brand within the esports industry, competing and
streaming in popular games across different genres, including Apex
Legends®, PUBG Mobile®, Overwatch®, League of Legends®, and various
EA Sports® titles. Simplicity Esports is also in the process
of designing, minting, and selling non-fungible tokens (NFTs) for
the esports and gaming industries. Simplicity Esports also owns 15
esports gaming centers, 14 of which are open and operational, and
is the franchisor for 18 esports gaming centers, 11 of which are
open and operational, providing the public an opportunity to
experience gaming and esports in a social setting, regardless of
skill or experience. Simplicity Esports also organizes and hosts
various in-person events and play from home, online tournaments.
Simplicity Esports also owns a Riot Games League of Legends
franchise and top Brazilian esports organization, Flamengo
Esports.
Apex Legends® PUBG Mobile®, Overwatch®, League
of Legends®, Fortnite®, EA Sports® and Free Fire® are
registered trademarks of their respective owners.
Forward-Looking Statements:
This press release contains statements that
constitute “forward-looking statements.” Forward-looking statements
are subject to numerous conditions, many of which are beyond
Simplicity Esports’ control, including those set forth in the Risk
Factors section of Simplicity Esports’ Annual Report on Form 10-K
filed with the Securities and Exchange Commission (the “SEC”) on
August 31, 2020 and our subsequent SEC filings, as amended or
updated from time to time. Copies of Simplicity Esports’ filings
with the SEC are available on the SEC’s website at www.sec.gov.
Simplicity Esports undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
Simplicity Esports Contact:Roman FranklinChief
Executive OfficerRoman@SimplicityEsports.com561-819-8586