00:14:26 EDT Fri 24 Mar 2023
Enter Symbol
or Name

ESE Entertainment Inc
Symbol ESE
Shares Issued 72,939,129
Close 2023-01-11 C$ 0.425
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ESE Entertainment achieves 2022 goals, looks to 2023

2023-01-12 01:32 ET - News Release

Mr. Konrad Wasiela reports


ESE Entertainment Inc. has had success in its media production division in the 2022 e-sports season. To help new and existing investors better understand existing operations and future objectives, ESE Entertainment chief executive officer, Konrad Wasiela, is pleased to provide the following corporate update.

Mr. Wasiela stated: "As we enter the 2023 year, I would like to take this opportunity to highlight the company's consistent execution of its corporate goals and outline our goals for the year ahead. In January, 2022, and July, 2022, ESE published its corporate goals to achieve for the 2022 year. I am pleased to report that we have executed and accomplished every single one of those goals, and we are now setting our sights on a strong 2023 ahead."

2023 corporate goals:

  • Achieve positive net income and focus on increasing gross profit margin through new customers, strategic financial planning and reporting;
  • Hire senior business development executives focused on client acquisition;
  • Enhance the company's reputation and brand through effective public relations and marketing efforts;
  • Expand to new markets and sign new customers for longer-term and larger-scale contracts;
  • Reduce costs and increase efficiency through the implementation of new technologies and processes;
  • Roll out and secure customers for proprietary DataLake/BI infrastructure for big data ingestion and processing;
  • Continue to implement a growth business plan with a strong focus on integration of acquisitions to maximize value and realize on synergies.

Mr. Wasiela concluded: "We are executing on our business plan and continue to hit milestones quarter after quarter in order to build long-term shareholder value. Despite market conditions, our team has a clear plan to continue building value and increasing awareness of ESE in the market. We believe our team is the most efficient and capable it has ever been. This positioning will allow us to continue to accomplish our goals and perform at the highest level in 2023."

Investor relations engagement

The company also announces that it has entered into an agreement with Departures Capital Inc. dated Jan. 11, 2023, for the provision of various digital media and corporate communications services. The initial term of the agreement is for six months and may be renewed thereafter by mutual agreement. Pursuant to the terms of the agreement, the company will pay to Departures a total of $5,000 (U.S.) in consideration for Departures' production of three informational videos about the company. The company and Departures act at arm's length, and, to the knowledge of the company, Departures holds less than 1 per cent of ESE Entertainment's outstanding common shares. Departures is a Canadian investor-focused multimedia marketing company.

About ESE Entertainment Inc.

ESE Entertainment 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 Entertainment 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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