VANCOUVER, BC, Jan. 18, 2022 /CNW/ - East Side Games Group (TSX:
EAGR) (OTC: EAGRF) ("ESGG" or the "Company"),
Canada's leading free-to-play
mobile game group, announces that it has acquired all of
N3TWORK Inc. ("N3TWORK")'s interest in and to the Funko
Pop! Blitz mobile game, and all assets used and related to
the free-to-play mobile game on iOS and Android thereto.
Free-to-play mobile game rights with Funko, a leading pop
culture lifestyle brand, and Universal Games and Digital Platforms
are included in multi-year licensing agreements, enabling the
opportunity for long-term growth.
Watch the trailer here.
Funko Pop! Blitz is a deeply engaging match-3 blitz
character collection game featuring Funko Pop! versions of lovable
characters across multiple iconic franchises in unique weekly
events. The game currently features characters from a variety of
franchises including, Universal Pictures and Amblin Entertainment's
Jurassic World and Back to the Future, NBC's
U.S. version of The Office, DreamWorks Animation's
Shrek and Trolls, as well as Masters of the
Universe, and many more from pop culture's biggest
properties.
"Funko Pop! Blitz will add to our portfolio of premium IP
games, expand our mobile game genre offerings, and allow us to
implement our expertise in live ops as we scale the game into the
future. We are excited to add this high-quality game that melds pop
culture's biggest entertainment franchises into a single experience
and has already been very well received by players, especially
among the massive fan base of over 30 million Funko collectors
worldwide. The game, which utilizes an iconic global franchise,
allows for increased scalability in line with our IP-first
strategy," said Darcy Taylor,
Chief Executive Officer of East Side Games Group.
Pursuant to the acquisition terms, ESGG issued 419,389 common
shares to a nominee of N3TWORK, among other consideration.
All ESGG common shares issuable to N3TWORK will be subject to a
four month hold period pursuant to applicable securities laws.
ABOUT EAST SIDE GAMES GROUP
East Side Games Group (formerly operating under the name "LEAF
Mobile Inc.") is a leading free-to-play mobile game group, creating
engaging games that produce enduring player loyalty. Our studio
groups entrepreneurial culture is anchored in creativity,
execution, and growth through licensing of our proprietary Game Kit
software platform that enables professional game developers to
greatly increase the efficiency and effectiveness of game creation
in addition to organic growth through a diverse portfolio of
original and licensed IP mobile games that include: Archer:
Danger Phone, Bud Farm Idle Tycoon, Cheech & Chong Bud Farm, The Goldbergs: Back to the 80s,
It's Always Sunny: The Gang Goes Mobile and Trailer Park Boys
Grea$y Money, RuPaul's Drag Race Superstar and the soon
to be released, The Office: Somehow We Manage.
We are headquartered in Vancouver,
Canada and our games are available worldwide on the App
Store and Google Play. For further information, please visit:
www.eastsidegamesgroup.com and join our online communities at
LinkedIn, Twitter, Facebook, and Instagram.
Additional information about the Company continues to be
available under its legal name, LEAF Mobile Inc., at
www.sedar.com
Forward-looking Information
Certain statements in this release are forward-looking
statements, which reflect the expectations of management regarding
the proposed transactions described herein. Forward-looking
statements consist of statements that are not purely historical,
including any statements regarding beliefs, plans, expectations or
intentions regarding the future. Such statements are subject to
risks and uncertainties that may cause actual results, performance
or developments to differ materially from those contained in the
statements. No 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.
These forward-looking statements reflect management's current views
and are based on certain expectations, estimates and assumptions
which may prove to be incorrect. A number of risks and
uncertainties could cause our actual results to differ materially
from those expressed or implied by the forward-looking statements,
including factors beyond the Company's control. These
forward-looking statements are made as of the date of this news
release.
SOURCE East Side Games Group