TORONTO, March 05, 2019 (GLOBE NEWSWIRE) — Enthusiast Gaming Holdings Inc. (TSXV: EGLX) (OTCQB: EGHIF), (“Enthusiast” or the “Company”), a gaming corporation building the most important network of authentic gamers, is happy to announce it has shown 2019 dates for the Enthusiast Gaming Live Expo (“EGLX”), Canada’s biggest video game expo, in Toronto next fall. The enthusiast will host EGLX on October 18-20, 2019, at the Metro Toronto Convention Center (“MTCC”), downtown Toronto. Following the success of EGLX 2018, which drew in fifty-five,000 attendees in Toronto, the Company is planning to extend this year’s expo into the North Hall of the MTCC, almost doubling the floor space to permit for the better attendance numbers expected.
EGLX has formerly hosted massive-scale Esports competitions in partnership with various companies, together with the World Electronic Sports Games (“WESG”), operated via WorldGaming Network in collaboration with Ali sports (a department of Alibaba) and Blizzard Entertainment Inc. sports has always been a valuable a part of EGLX. The company plans to roll out its own Esports event collection to compete with the leading North American pro tournaments. The Company also partnered with Overactive Media to unveil the Toronto Defiant Esports Overwatch crew roster at EGLX 2018 in October. The Company will provide similar updates in the coming months.
Menashe Kestenbaum, CEO of Enthusiast, commented, “We are sincerely enthusiastic about EGLX 2019, and we have a few exciting additions in the pipeline for the expo in October 2019. Last 12 months, we had potential problems and needed to prevent selling tickets on Saturday. To keep away from any problems this yr, we’ve got expanded into the North Hall of the MTCC and plan to have more sponsors and better attendance numbers.” He added, “We have already seen a remarkable increase seeing that we began EGLX in 2015, and in just a few brief years, we’ve got grown into the most important video game expo in Canada and still have plans to make it bigger into the US in 2020. Attendees at EGLX 2019 can anticipate continued growth with greater sponsors, more space, and bigger attention on Esports and tournaments.”
The business enterprise is looking at possibilities to amplify EGLX to multiple cities across North America. With most of Enthusiast’s online site visitors originating inside the US, it’s a logical next step within the expansion manner; the company has already received robust hobbies from a couple of US cities and partners wanting EGLX. Enthusiast was planning its multi-city expansion into the USA beginning in 2020.
Engages Generation Advisors Inc.
The Company has retained Generation Advisors Inc. (“Generation”) to provide marketplace-making offerings. Under the phrases of the agreement (the “Agreement”), Generation will obtain cash compensation of $7,500 consistent with the month. However, it will not receive any Common Shares or options of the Company as repayment. Generation does not currently have any personal securities of the Company; however, Generation and its customers might also collect a right away interest inside the securities of the Company. Company and Generation are unrelated and unaffiliated entities. Generation is a member of the Investment Industry Regulatory Organization of Canada, a participating company of TSX, and a member of TSX-V. The capital and securities required for any change undertaken through Generation as foremost will be furnished by Generation. The Agreement is for a preliminary term of 180 days, with computerized renewals for a similarly 180 days except terminated.
About Enthusiast Gaming
Founded in 2014, Enthusiast is the fastest-developing online network of video gamers. The company’s particular acquisition approach has a platform of over eighty owned and affiliated websites. It presently reaches over 75 million month-to-month traffic with its specific and curated content material. Enthusiast additionally owns and operates Canada’s biggest gaming expo, Enthusiast Gaming Live Expo, EGLX, (www.Eglx.Ca), with over fifty-five,000 humans attended in October 2018. For extra statistics at the Company,
This news launch includes certain statements that could constitute forward-looking information below applicable securities legal guidelines. All statements, aside from historical reality, address activities, events, outcomes, effects, developments, performance, or achievements that Enthusiast anticipates or expects can also or will occur inside the future (in whole or in the component) should be taken into consideration forward-searching information. Such information may additionally contain, however, is not restrained to, remarks with admire to strategies, expectations, planned operations, and destiny movements of the Company.
Often, but now not usually, forward-searching statistics can be diagnosed using the use of phrases consisting of “plans,” “expects,” “is predicted,” “finances,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates,” or “believes” or versions (consisting of bad versions) of such words and phrases, or statements shaped inside the destiny traumatic or indicating that positive actions, events or results “might also,” “should,” “could,” “would possibly” or “will” (or other versions of the foregoing) be taken, arise, be accomplished, or come to skip.
Forward-searching information is based on presently to be had competitive, economic, and financial information and operating plans, strategies, or ideas as of the date of this information launch, but contain recognized and unknown risks, uncertainties, assumptions, and other elements which can cause the real results, overall performance or achievements of Enthusiast to be materially specific from any future consequences, performance or achievements expressed or implied with the aid of the ahead-searching data.
Trading within the securities of the Company must be taken into consideration fantastically speculative. Such factors can be based entirely on facts currently to be had to Enthusiast, including information received from 0.33-party enterprise analysts and other third-birthday celebration resources, and are based on control’s modern-day expectations or beliefs regarding future boom, results of operations, planned capital (along with the quantity, nature, and resources of investment thereof) and expenses. This cautionary announcement expressly certifies any ahead-searching facts contained in this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is described within the regulations of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. The securities of the Corporation have now not been and will no longer be registered beneath the United States Securities Act of 1933, as amended and might not be presented or offered inside the United States absent registration or an applicable exemption from the registration requirement. This press launch shall now not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation, or sale could be unlawful.