Enthusiast Gaming Appoints KPMG LLP as New Auditor
November 23 2020 - 06:00AM
Enthusiast Gaming Holdings Inc.
(“Enthusiast Gaming” or the
“Company”) (TSX: EGLX)(OTCQB: ENGMF)(FSE: 2AV), the
largest gaming platform in North America, connecting with over 300
million gamers monthly worldwide, today announced that its board of
directors has proposed to change its auditors to KPMG LLP ("KPMG")
from MNP LLP ("MNP"), effective at the Company’s next annual
general meeting of shareholders.
The change in auditors is part of the Company’s
strategy and path towards its anticipated NASDAQ listing, while
also ensuring that it is adequately positioned for ongoing rapid
growth and evolution.
In accordance with National Instrument 51-102 –
Continuous Disclosure Obligations ("NI 51-102") the Company has
filed a Change of Auditor Notice on SEDAR together with letters
from each of the new auditor and the former auditor, with each
letter confirming agreement with the statements contained in the
notice, as applicable. There are no reportable events including
disagreements, consultations, or unresolved issues as defined in NI
51-102.
About Enthusiast Gaming
Enthusiast Gaming (TSX: EGLX) (OTCQB:
ENGMF)(FSE: 2AV) is building the world’s largest social network of
communities for gamers and esports fans that reaches over 300
million gaming enthusiasts on a monthly basis. Already the largest
gaming platform in North America and the United Kingdom, the
Company’s business is comprised of four main pillars: Esports,
Content, Talent and Entertainment. Enthusiast Gaming’s esports
division, Luminosity Gaming, is a leading global esports franchise
that consists of 7 professional esports teams under ownership and
management, including the Vancouver Titans Overwatch team and the
Seattle Surge Call of Duty team. Enthusiast's gaming content
division includes 2 of the top 20 gaming media and entertainment
video brands with BCC Gaming and Arcade Cloud, reaching more than
50MM unique viewers a month across 9 YouTube pages, 8 Snapchat
shows and related Facebook, Instagram and TikTok accounts. Its 100
gaming-related websites include The Sims Resource, Destructoid, and
The Escapist. Enthusiast's talent division works with approximately
500 YouTube creators such as Pokimane, Flamingo, Anomaly, and The
Sidemen. Enthusiast's entertainment business includes Canada’s
largest gaming expo, EGLX (eglx.com), and the largest mobile gaming
event in Europe, Pocket Gamer Connects (pgconnects.com). For more
information on the Company visit enthusiastgaming.com. For more
information on Luminosity Gaming visit luminosity.gg.
Forward Looking
Statements 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 Enthusiast
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, comments with
respect to strategies, expectations, planned operations and future
actions of the Company. 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 Enthusiast 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
Enthusiast, 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 the Company should be considered
highly speculative.
Neither the TSX Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Contact:
Eric Bernofsky, Chief Corporate Officer, 416.623.9360
press@enthusiastgaming.com
Media Relations – ID Public Relations
EnthusiastGaming@id-pr.com
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