VANCOUVER, BC,
Aug. 5, 2021 /CNW/ - TGS
Esports Inc. ("TGS" or the "Company")
(TSXV: TGS) (OTCQB: TGSEF) (FRA: 5RH) is excited to start
their new fiscal year with a record month of revenue.
In the month of July TGS generated $282,220 in revenue, more than TGS reported in
the first three quarters of the previous fiscal year combined.
The revenue came from multiple aspects of the company
including:
- Release of additional Pepper features supporting new
partnerships with large international brands including HyperX,
MyBookie, and Clearly.
- A strong start to ticket sales for Pinnacle, TGS' major in
person esports event taking place in October
(https://investtgs.com/news/news-details/2021/TGS-Announces-Pinnacle-Canadas-First-Live-Esports-Event-Post-Pandemic-October-8-10-at-the-Vancouver-Convention-Centre/default.aspx).
- A sold out Lets Make Big Moves event put on by TGS' latest
acquisition, Even Matchup Gaming. This event will take place in
New York from January 7th to 9th,
2022.
- Developer partnerships in which TGS ran tournaments, events,
production, and content creation directly for developers of popular
games such as Conqueror's Blade.
- New scholastic partnerships with institutions including
NorQuest College, Wilfred Laurier University, University Canada
West, LaSalle College, and
more.
"The last twelve months we have been strategically building our
company with a focus on making this fiscal year all about revenue.
With the foundation we have built and the acquisitions we have made
we are primed to accomplish our goals. July is a great start."
said Spiro Khouri, CEO of TGS. "Our goal is to provide value
to all of our partners. With the network TGS now has, along with
the resumption of large live events and the planned re-opening of
our Vancouver facility, we have a
value offering that is unparalleled."
About TGS Esports Inc.
TGS partners with Fortune 500 brands, schools, and tournament
organizers to build out their esports community via tournaments,
broadcast production, and events. TGS has commercialized an esports
solution that allows brands and gamers to interact on its end to
end platform. The combination of TGS esports event expertise and
next generation software creates an unparalleled esports experience
that allows sponsors and brands to reach their desired gaming
demographic.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking
statements, which reflect the expectations of management regarding
the Company. Forward-looking statements consist of statements that
are not purely historical, including any statements regarding
beliefs, plans, expectations or intentions regarding the future,
including with respect to: the continued partnership with large
international brands including but not limited to HyperX, MyBookie
and Clearly; the successful completion of Pinnacle, Lets Make Big
Moves, and other TGS events; the implementation of scholastic
partnerships with certain educational institutions including but
not limited to NorQuest College, Wilfred Laurier University,
University Canada West, and LaSalle
College; and the implementation of developer partnerships in
which TGS runs tournaments, events, production, and content
creation directly for developers of popular games such as
Conqueror's BladeSuch statements are subject to risks and
uncertainties that may cause actual results, performance or
developments to differ materially from those contained in the
statements, including risks related to factors beyond the control
of the Company. The risks include the following: the unknown
magnitude and duration of the effects of the COVID-19 pandemic on
the Company, specifically on its ability to host events such as
Pinnacle, Lets Make Big Moves and other TGS events; the possibility
that the Company's partnerships with large international brands
including but not limited to HyperX, MyBookie and Clearly will
terminate or otherwise fail to materialize; the possibility that
scholastic partnerships with certain educational institutions
including but not limited to NorQuest College, Wilfred Laurier
University, University Canada West, and LaSalle College will fail
to materialize; the developer partnerships in which TGS runs
tournaments, events, production, and content creation directly for
developers of popular games such as Conqueror's Blade will fail to
materialize; the potential impact of the announcement of any of the
foregoing events on relationships, including regulatory bodies,
employees, suppliers, customers and customers; changes in
applicable laws and regulations both locally and in foreign
jurisdictions; compliance with extensive government regulation;
the risks and uncertainties associated with foreign markets; the
diversion of management time on any of the foregoing events;
technological risks associated with operating an esports platform;
and other risks that are customary to companies operating
businesses such as the business of the CompanyNo assurance can be
given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits the
Company will obtain from them.
Neither 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.
SOURCE TGS Esports Inc