VANCOUVER, BC, January 18, 2021 / PRNewswire / – ESE Entertainment Inc. (“we“,“WHAT IF“, or”Company“) (TSXV: ESE) (OTCQB: ENTEF) is pleased to announce that it has closed the previously announced acquisition of all K1CK Esports Club business and intellectual property assets (“K1CK“) From its founder and owner, Pedro Fernandes (The “Provider“), Effective January 18, 2021.
K1CK is a pioneer of electronic sports in Europe, having been founded in 1998. K1CK manages esports teams that compete in various games and platforms and, since its inception, K1CK has seen continued success in esports competitions across Europe and the rest of the world. The acquisition of K1CK will allow ESE to increase its growth position in the electronic sports industry.
Pedro Fernandes, founder of K1CK, commented “” This is an important milestone for K1CK as we continue our goal of becoming a leading global brand in the electronic sports industry. We are proud of our successes so far and we see a very bright future ahead with ESE Entertainment, in our quest for excellence. “
Konrad Wasiela, CEO of ESE, commented “K1CK is a respected and valued brand in the sports and games community, and we are excited to work alongside Pedro to take K1CK to the next level. Our goal is clear, we want K1CK to become the next big brand of electronic sports and games. We want K1CK to be in the same conversation as leaders of global sports brands such as Cloud9, G2 Esports and FaZe Clan. We are looking forward to a year of rupture in 2021. ”
The initial consideration payable at closing by ESE consisted of the following: (i) C $ 60,000 paid to the Seller in cash; and (ii) 350,000 ESE common shares issued to Seller. More C $ 60,000 cash payment is paid by ESE on demand by Seller after January 20, 2021. As part of the acquisition, ESE also entered into a service contract with the Supplier, under which the Supplier will assist ESE with the continued operation of K1CK after closing.
About ESE Entertainment Inc.
ESE is a Europe entertainment and technology company focused on games, mainly in electronic sports. ESE consists of a number of world-class assets and operators in the gaming and electronic sports industries. Features include, but are not limited to: physical infrastructure, broadcasting, global distribution of content related to electronic games and sports, advertising, sponsorship support and a growing franchise of the sports team. ESE is focused on making the bridge Europe, Asia and North America. | www.ese.gg
About K1CK
K1CK Esports Club is a sports organization based in Europe. Over 100 world-class players played under the K1CK team name, including Ricardo “fox” Pacheco and Carlos “ocelote” Santiago. Current team stars include League of Legends player Lukasz “Puki Style” Zygmunciak and FIFA player João “JOliveira10” Oliveira. | www.k1ck.com
Forward Looking Statements
This press release contains certain statements that may constitute forward-looking information in accordance with applicable securities laws. All statements, except those of historical fact, that address activities, events, results, results, developments, performance or achievements that ESE anticipates or expects to occur in the future (in whole or in part) should be considered prospective in formation . This information may involve, but is not limited to, comments regarding the benefits derived from the acquisition of K1CK and the strategies, expectations, planned operations and future actions of ESE and K1CK. Often, but not always, forward-looking information can be identified by using words such as “plans”, “waiting”, “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 be”, “Could “Or” will “(or other variations of the waiver) be assumed, occur, achieved or happen. The forward-looking information is based on competitive, financial and economic data and operational plans, strategies or beliefs currently available as of the date of this press release, but involve known and unknown risks, uncertainties, assumptions and other factors that could cause ESE’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or impaired prospective 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 financing) and expenses. Any and all forward-looking information contained in this press release is expressly qualified by this precautionary statement. Trading in ESE securities should be considered highly speculative.
Neither TSX Venture Exchange nor its Regulatory Service Provider (as defined in the TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE ESE Entertainment Inc.
