Enthusiast Gaming Engages MZ Group, a Leading US Investor Relations Firm, to Expand Its Reach to the US Capital Markets
16 Julho 2019 - 9:00AM
Enthusiast Gaming Holdings Inc. (TSXV: EGLX) (OTCQB: EGHIF),
(“
Enthusiast” or the “
Company”),
the largest publicly traded video game media and esports company in
North America, is pleased to announce it has engaged international
investor relations firm MZ Group (“
MZ”) to lead a
comprehensive strategic investor relations and financial
communications program across the United States and in other key
markets.
MZ will work closely with Enthusiast’s
management and investor relations to develop and execute a complete
capital markets strategy designed to increase the company’s
visibility throughout the investment community. MZ has developed a
distinguished reputation as a premier resource for institutional
investors, brokers, analysts and private investors. MZ has global
offices including New York, Chicago, Minneapolis, San Diego,
Austin, Aliso Viejo, Taipei, and São Paulo. Additionally, MZ Group
was recently ranked the No. 1 consultancy in Latin America and No.
7 in the world in business communication.
Julia Becker, Enthusiast’s Head of
Investor Relations and Marketing commented, “Enthusiast
has continued to execute on its successful Canadian Investor
Relations strategy. Without much visibility and coverage in
the US and other key markets, the Company has been able to raise
funds and build a solid foundation of investors. As
Enthusiast completes its merger and becomes the largest global
publicly traded esports company, it is the perfect time to widen
our global coverage and investor base. We look forward to working
closely with MZ and utilizing their US and global expertise to
assist with the execution of our global corporate strategy.”
With over 75% of its visitors based in the US,
Enthusiast continues to execute on its North American expansion
plan. Implementing a strategic Investor Relations program and
shareholder communications plan across the United States and other
key markets, is an important next step for the Company to build
credibility and awareness. The engagement of MZ is
representative of Enthusiast’s commitment to becoming an industry
leader in the North American gaming and esports market.
The recently announced merger with Aquilini
Gameco and Luminosity will significantly expand Enthusiast’s global
audience reach to over 200 million gaming enthusiasts while
providing the company with $22 million in pro forma revenue and $36
million in cash on closing of the merger. This merger will also
increase the company’s total assets by including seven esports
teams, 40 esports influencers, 80+ gaming websites and over 900
YouTube and Twitch channels.
About MZ Group
MZ North America is the U.S. division of MZ
Group, a multinational company and one of the world’s largest
independent investor relations and corporate communications firms.
MZ, founded in 1999, combines capital markets intelligence, global
investor targeting, IR technology, corporate governance, media and
corporate communication and IR consulting, providing comprehensive
programs that successfully build and manage shareholder value. With
a team of highly experienced senior professionals and an integrated
service portfolio, MZ ensures that companies are provided with the
right tools and strategies to interact effectively with the
investment community and the media, successfully conveying the
investment message. MZ's market intelligence, advisory and tactical
support activities for investor relations and corporate
communications programs are underpinned by a comprehensive IT
infrastructure, allowing companies to rapidly achieve global
standards of best practices. For more information, please visit
www.mzgroup.us.
About Enthusiast Gaming
Founded in 2014, Enthusiast Gaming is the
largest vertically integrated video game company and has the
fastest-growing online community of video gamers. Through the
Company’s organic and acquisition strategy, it has amassed a
platform of over 150 million monthly visitors across its network of
websites and YouTube channels. 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.
CONTACT INFORMATION:
Investor Relations:
Julia BeckerHead of Investor Relations &
Marketingjbecker@enthusiastgaming.com(604) 785.0850
This news release contains certain statements
that may constitute forward-looking information under applicable
securities laws. All statements, other than those of historical
fact, which address activities, events, outcomes, results,
developments, performance or achievements that Enthusiast
anticipates or expects may or will occur in the future (in whole or
in part) should be considered forward-looking information. Such
information may involve, but is not limited to, comments with
respect to strategies, expectations, planned operations and future
actions of the Company. Often, but not always, forward-looking
information can be identified by the use of words such as "plans",
"expects", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "believes" or variations
(including negative variations) of such words and phrases, or
statements formed in the future tense or indicating that certain
actions, events or results "may", "could", "would", "might" or
"will" (or other variations of the forgoing) be taken, occur, be
achieved, or come to pass. Forward-looking information is based on
currently available competitive, financial and economic data and
operating plans, strategies or beliefs as of the date of this news
release, but involve known and unknown risks, uncertainties,
assumptions and other factors that may cause the actual results,
performance or achievements of Enthusiast to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking information. Such
factors may be based on information currently available to
Enthusiast, including information obtained from third-party
industry analysts and other third-party sources, and are based on
management's current expectations or beliefs regarding future
growth, results of operations, future capital (including the
amount, nature and sources of funding thereof) and expenditures.
Any and all forward-looking information contained in this press
release is expressly qualified by this cautionary statement.
Trading in the securities of the Company should be considered
highly speculative.
Neither the 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.
The securities of the Corporation have not been
and will not be registered under the United States Securities Act
of 1933, as amended and may not be offered or sold in the United
States absent registration or an applicable exemption from the
registration requirement. This press release shall 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 would be unlawful.
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