21:44:09 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



ESE Entertainment Inc
Symbol ESE
Shares Issued 72,425,504
Close 2022-10-05 C$ 0.68
Market Cap C$ 49,249,343
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ESE Entertainment wins $5M (U.S.) contract

2022-10-06 08:51 ET - News Release

Mr. Daniel Mogil reports

ESE ENTERTAINMENT ANNOUNCES NEW CUSTOMER AND USD$5M BUSINESS CONTRACT

ESE Entertainment Inc. has entered into a $5-million (U.S.) contract to deliver its technology and user acquisition services to a European video game developer and publisher. The contract is term is in effect until June, 2023.

The customer is new for ESE, and the contract is primarily for one of the customer's flagship games. The primary game that ESE will be working on is traditionally mobile and now being added to desktop. The opportunity is in a market that ESE is increasingly focused on. Pursuant to the contract, ESE will be delivering its technology and video game user acquisition platform to target players from over 20 countries and five different languages.

ESE creates and executes its performance model technology software to generate users and increase the reach of games for its customers, which are primarily video game developers. The company currently has over 350 partners, providing high-quality traffic across digital channels. To date, the company has served over 7.3 billion impressions through its technology platform, partners and affiliates.

"We are excited to announce a brand-new customer contract that is expected to leverage our technology and user acquisition platform. This is yet another example of us executing and securing new long-term multimillion-dollar contracts for our gaming technology. We are keenly focused on increasing sales and improving margins, and we believe landing larger technology contracts is the key to achieving these goals. We are excited to continue updating current and future shareholders with new developments at ESE," stated Konrad Wasiela, chief executive officer of ESE.

About ESE Entertainment Inc.

ESE is a global technology company focused on gaming and e-sports. 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, e-sports teams and gaming leagues. In addition to the company's organic growth opportunities, the company is considering selective acquisitions that align with its objective of becoming a dominant global player in e-sports technology and infrastructure.

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