Merger Anticipated to Improve Financial
Performance and Expand ESE's Reach with Tier 1 Clients Across
Gaming and Entertainment Sectors
VANCOUVER, BC, Oct. 23,
2024 /CNW/ - ESE Entertainment Inc.
(TSXV: ESE) (OTCQBSS: ENTEF) ("ESE" or the
"Company"), is pleased to provide a corporate update
following its acquisition of Bombee Global Entertainment Ltd.
("Bombee Americas" or "Bombee"), the North American
arm of the premier gaming production and entertainment company,
Bombee Event Production AB ("Bombee AB"). Bombee is known
for delivering world-class live productions and event management
for top-tier clients including Activision Blizzard, RedBull,
Electronic Arts and more.
This acquisition represents a pivotal moment in ESE's growth
strategy, as Bombee's expertise in the gaming and traditional media
space, coupled with its strong roster of Tier 1 clients, positions
ESE to further scale operations across North America and beyond.
Strategic Highlights and Future Objectives:
- Proven Revenue Growth and Future Pipeline: Bombee
brings strong financial performance with a robust project pipeline
extending into 2025 and 2026. This acquisition reinforces ESE's
growth trajectory, enabling both companies to capitalize on new
opportunities and revenue streams, driving long-term
profitability.
- Expanded Technology and Production: Bombee's
offerings range from live production, including artificial
intelligence, immersive augmented reality, special effects, and
broadcast solutions. This adds significant capacity for ESE to
deliver premium content and experiences to both gaming and
entertainment clients.
- Working with Tier 1 Clients: Bombee has a proven
track record of working with industry giants such as Electronic
Arts, producing high-profile events such as the Overwatch League
Grand Finals 2023, ALGS Split 1 Playoffs, and many more, that have
reached millions of fans worldwide. With this acquisition, ESE taps
into Bombee's established customer relationships with global
brands, expanding its reach in the gaming and entertainment
arenas.
- Enhanced Capacity to Scale: With Bombee's
state-of-the-art production capabilities, ESE is poised to enhance
its ability to deliver large-scale, high-quality projects across
gaming and entertainment, live broadcasting, and special
effects.
- Experienced Management Team: Bombee's leadership
brings deep industry expertise and operational insight, which will
enhance ESE's capabilities and reinforce its long-term strategic
vision.
Konrad Wasiela, CEO of ESE
Entertainment, shared, "Acquiring Bombee is a game-changing
step for ESE. Bombee's expertise in delivering world-class gaming
and entertainment experiences, alongside their work with Tier 1
clients, aligns perfectly with our vision to become a North
American leader in the gaming and entertainment space. We are now
better positioned than ever to scale, innovate, and deliver
unparalleled value to our clients and shareholders."
Tamir Kastiel, CEO of Bombee
Americas, shared, "Today marks a groundbreaking moment in
Bombee's journey and a pivotal step that furthers our plan for
global expansion. Together, we will innovate, expand our reach, and
redefine what's possible in our industry. This partnership opens
incredible doors for growth and opportunity. We have a lot of
exciting plans, and I am excited for what the future holds for our
team, clients and partners."
Gustav Karlsson, Founder of
Bombee AB, shared, "The rapid growth and success of the
American entity is a positive reflection on our global brand. While
our European entity was not included in this transaction, I am
enthusiastic for the future of the global brand and the
partnerships that are being built. Congratulations to the team and
everyone involved."
With a revitalized operational structure and an enhanced
portfolio of offerings, ESE is committed to driving innovation
across gaming and entertainment. The combined resources of Bombee
and ESE not only strengthen their position in the industry but also
open up new opportunities to innovate. The expanded service
offerings and enhanced operational capacity will enable ESE to
drive even greater results for its clients, delivering immersive
and technically advanced experiences across the globe.
ESE Entertainment Inc.
Konrad
Wasiela
Chief Executive Officer and Director
+1 (437) 826-4012
About ESE Entertainment Inc.
ESE is a global
technology company focused on gaming. 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
ecommerce channels, esports teams, and gaming leagues.
| www.esegaming.com
About Bombee Americas
Bombee Americas is a
leader in entertainment services, specializing in advanced
technical solutions for the gaming and esports sector.
Offering comprehensive support and state-of-the-art technology
designed to empower productions and enhance the gaming experience
for audiences worldwide. Led by a team of industry experts,
dedicated to innovation and setting the standard for performance
and reliability in the rapidly evolving entertainment landscape.
| www.bombee.gg.
About Bombee AB
Bombee AB is the founding brand and
counterpart of Bombee Americas and was not acquired by ESE.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
INFORMATION
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 ESE
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, statements
with respect to: the acquisition representing a pivotal moment
in ESE's growth strategy; ESE being
positioned to further scale operations across North America and beyond; Bombee
America's project pipeline; the acquisition
reinforcing ESE's growth trajectory and enabling both
companies to capitalize on new opportunities and revenue streams,
driving long-term profitability; Bombee's offerings
adding capacity for ESE to deliver premium content and
experiences to both gaming and entertainment clients; ESE
tapping into Bombee's customer relationships and
expanding its reach in the gaming and entertainment areas;
ESE being poised to deliver large-scale, high-quality
projects across gaming and entertainment, live broadcasting, and
special effects; Bombee further strengthening
ESE's ability to offer cutting-edge, immersive
experiences; Bombee's leadership bringing a wealth of
knowledge and experience that will further accelerate ESE's
growth and strengthen its strategic objectives; the
acquisition being a game-changing step for ESE;
ESE being better positioned than ever to scale, innovate, and
deliver unparalleled value to our clients and shareholders;
Bombee's plans for global expansion; the partnership opening
doors for growth and opportunity; Bombee having
exciting plans and Mr. Kastiel's excitement for what
the future holds for Bombee's team, clients and
partners; Mr. Karlsson's enthusiasm for the future of
the Bombee global brand and partnerships being
built; ESE's commitment to driving innovation across
gaming and entertainment; the combined resources of ESE
and Bombee strengthening their position in the
industry and opening new opportunities to innovate; ESE's
expanded service offerings and enhanced operational capacity
enabling ESE's drive towards greater results,
delivering immersive and technically advanced experiences across
the globe. 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 ESE 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 ESE,
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 ESE 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.
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SOURCE ESE Entertainment Inc.
