VANCOUVER, BC, Dec. 22, 2022 /CNW/ – East Aspect Video games Group Inc. (TSX: EAGR) (OTC: EAGRF) (“ESGG” or the “Firm“), Canada’s main free-to-play cell recreation group, together with their subsidiary firm, East Aspect Video games Inc. (“ESG”), introduced right now that it has expanded its partnership with quite a lot of superstars within the LGBTQ+ group by means of its relationship with Inventive Artists Company (CAA). Increasing our offers for current video games, growing new titles and that includes most of the largest names in our current video games, it’s clear the LGBTQ+ group is clamouring for extra cell recreation content material and ESG goals to ship.
Along with the IP signing, 2022 Highlights and Awards embrace the next:
- Three of our prime 5 video games have been launched up to now yr
- Yr over yr income development each quarter and a year-to-date improve of 40% by means of September 30, 2022
- Josh Nilson, founder and basic supervisor, acknowledged as BC Tech Know-how Impression Awards (TIA) “Individual of the Yr”
- Signed partnership offers with six main marquee IP holders
- Signed growth offers with 5 extra recreation studios
- Consumer Acquisition group acknowledged as trade leaders by Deconstructor of Enjoyable (podcast “Sensible Recommendation for Rising Video games in Numerous Markets with Nancy Huang (Head of UA @ East Aspect Video games) and Ludovic Thevelin (Progress Marketing consultant @ Google)”
- Secured financing for as much as $17 million and generated $5 million in working money circulate by means of September 30, 2022
- Proceed to be actively buying shares below our beforehand introduced Regular Course Issuer Bid.
2022 AWARDS AND RECOGNITION
“2022 has been a difficult yr in capital markets, within the cell video games trade and throughout the economic system writ giant. Regardless of these headwinds, the ESGG group has achieved unbelievable milestones in 2022. We now have solidified our basis in GameKit and set the stage for an outstanding 2023 and past. We need to thank our shareholders, the unbelievable group that work right here, our IP companions akin to NBCUniversal, Disney, Inventive Artists Company, Paramount, WOW and others. Most significantly, we thank the hundreds of thousands of people that performed our video games this yr, our core goal is at all times to thrill and have interaction them at each alternative,” mentioned Jason Bailey, Chairman and CEO of ESGG.
TRULY SOCIAL GAMES UPDATE
As disclosed in our Q3 2022 MD&A, the Firm believes it has fulfilled its present obligations below the Acquisition Settlement between TSG and the Firm dated June 22, 2021. A TSG subsidiary has filed a declare in Oregon and on December 19, 2022 their basic supervisor issued a press launch. The Firm believes the claims are meritless. The Firm has responded on a number of fronts and is dedicated to resolving this matter.
ABOUT EAST SIDE GAMES GROUP
East Aspect Video games Group is a number one free-to-play cell recreation group. By way of our proprietary Sport Package software program platform, we allow creators to efficiently ship memorable cell gaming experiences that interact gamers on a regular basis. We publish a various portfolio of authentic and licensed IP cell video games that embrace: The Workplace: In some way We Handle, RuPaul’s Drag Race Famous person, Star Trek Decrease Decks: The Badgey Directive, Bud Farm Idle Tycoon, Cheech & Chong Bud Farm, It is At all times Sunny: The Gang Goes Cell, Trailer Park Boys Greasy Cash and different IP based mostly and wholly owned properties.
Extra details about the Firm continues to be out there below its authorized title, East Aspect Video games Group Inc., at www.sedar.com.
Sure statements on this launch are forward-looking statements, which replicate the expectations of administration concerning the aforementioned litigation. Ahead-looking statements include statements that aren’t purely historic, together with any statements concerning beliefs, plans, expectations or intentions concerning the long run. Such statements are topic to dangers and uncertainties which will trigger precise outcomes, efficiency or developments to vary materially from these contained within the statements. No assurance may be provided that any of the occasions anticipated by the forward-looking statements will happen or, in the event that they do happen, what advantages the Firm will receive from them. Specifically, the result of any litigation might differ from what’s anticipated or anticipated. These forward-looking statements replicate administration’s present views and are based mostly on sure expectations, estimates and assumptions which can show to be incorrect. Numerous dangers and uncertainties might trigger our precise outcomes to vary materially from these expressed or implied by the forward-looking statements, together with components past the Firm’s management. These forward-looking statements are made as of the date of this information launch.
SOURCE East Aspect Video games Group Inc.