Partners with Canucks Sports & Entertainment, acquires non-controlling interest
Toronto, Ontario--(Newsfile Corp. - September 13, 2019) - Enthusiast Gaming Holdings Inc. (TSX.V:EGLX) (OTCQB:EGHIF) (“Enthusiast” or the “Company”) , in partnership with Canucks Sports & Entertainment, announced today that an agreement has been reached with Activision Blizzard to own and field a Seattle-based team in the newly franchised Call of Duty® esports league. Enthusiast Gaming holds a non-controlling interest in the new team.
The day-to-day operations and home games of the new franchise will be based in Seattle, Washington and will be overseen by the Company and Canucks Sports & Entertainment. Enthusiast Gaming, through its wholly-owned subsidiary, Luminosity Gaming Inc., will manage the team and player procurement through a long-term management services agreement with the majority owner.
"Working in partnership with the Aquilini Group and Canucks Sports & Entertainment, we will build a competitive, first-class team that esports fans in the Pacific Northwest will be proud of," said Steve Maida, Esports President, Enthusiast Gaming. "With our experience in building successful teams with Luminosity Gaming and having been involved with Activision Blizzard with the Vancouver Titans since inception, we are excited to get started and develop a winning team and culture."
More details of the league, team and schedule will be announced in the near future. For updates and information on the new Seattle Call of Duty Esports team, follow @SeattleCOD on Twitter, Facebook, Twitch and Instagram.
About Enthusiast Gaming
Enthusiast Gaming Holdings Inc. (TSX.V:EGLX) (OTCQB:EGHIF) (“Enthusiast” or the “Company”) is one of the largest vertically integrated video game and esports companies in the world. The Company's digital platform includes +85 gaming related websites and 900 YouTube channels which collectively reach 150 million visitors monthly. Enthusiast's esports division, Luminosity Gaming, a leading global esports organization consists of 8 professional esports teams under ownership and management, including the #1 ranked Overwatch team, the Vancouver Titans and over 50 gaming influencers with a total audience of 60 million followers. Collectively, the community reaches over 200 million gaming enthusiasts on a monthly basis. Enthusiast also owns and operates Canada's largest gaming expo, Enthusiast Gaming Live Expo, EGLX, (eglx.ca) with approximately 55,000 people attending in 2018. For more information on the Company, visit www.enthusiastgaming.com. For more information on Luminosity Gaming, please visit luminosity.gg.
Certain statements in this release are forward-looking statements. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of Enthusiast Gaming. The risks include risks that are customary to transactions of this nature and customary to companies which have their stock traded on the TSXV. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits Enthusiast Gaming will obtain from them.
This press release does not constitute an offer to sell or solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to a U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Neither 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.