Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the
“Company”) (TSX: EGLX), the leading gaming media and entertainment
company in North America, today announced that its data-driven and
insights platform, U.GG, has launched a stand-alone desktop
application in support of VALORANT, one of the fastest growing
competitive FPS titles in the world.
U.GG averages 10 million users per month as a
go-to resource for League of Legends and World of Warcraft players,
with more than 1.9 million players already having downloaded U.GG’s
stand-alone League of Legends desktop applications. This expansion
into VALORANT further solidifies U.GG’s position as the dominant
multi-title gaming community and insights platform while providing
U.GG with deep insights into the predominantly Gen Z
playerbase.
The VALORANT desktop application
provides players with easy access to data and improvement
tools for users of all levels, viewable using a new in-game
overlay. Building off of features on the U.GG website, the desktop
application provides players with access to:
- Recommendations based on millions
of data points, including map side, score, weapon loadout, and
more.
- Location suggestions on their Peek
Map to provide new players with actionable recommendations, while
experienced players can utilize the extensive filters to optimize
their decision-making.
- Access to feedback and data
mid-game to help strategize before rounds begin.
“VALORANT is becoming one of the next great
competitive titles, and we are happy to provide support to their
millions of players from around the world,” said Nick Brien, CEO of
Enthusiast Gaming. “Not only does our expansion into VALORANT
strategically align with our commitment to fostering a thriving
gaming ecosystem and ensuring that our users have access to the
latest and most relevant data, but it also provides a tremendous
opportunity for U.GG to become a mainstay companion app for one of
the fastest growing games in North America, much as it has done
before with League of Legends.”
“VALORANT is an exciting but complex game with
many unique maps, characters, and weapons for players to master,”
said Shinggo Lu, Chief Product Officer of Enthusiast Gaming.
“Adding the game to U.GG will help players improve their gameplay
and decision-making skills to climb the competitive ladder. Whether
they are playing their first FPS title or playing professionally,
U.GG has the tools to help gamers of all levels succeed.”
VALORANT is a free-to-play first-person tactical
hero shooter developed and published for PC by Riot Games. Since
the game was released in June 2020, VALORANT has become one of the
fastest-growing competitive FPS titles in the world. Attracting
both a casual and dedicated fan base of players, VALORANT has
gained 28 million monthly players (70% of which Riot has reported
are Gen Z) and has built a thriving esports ecosystem that has sold
out major sporting arenas worldwide.
VALORANT support on U.GG is available now and
can be downloaded from their website.
About Enthusiast
GamingEnthusiast Gaming is the leading gaming media and
entertainment company in North America, building the largest
platform for video game enthusiasts and esports fans to connect and
compete worldwide. Combining the elements of its five core pillars:
creators, content, communities, games, and experiences, Enthusiast
Gaming provides a unique opportunity for marketers to create
integrated brand solutions to connect with coveted Gen Z and
Millennial audiences. Through its proprietary mix of digital media,
content and gaming assets, Enthusiast Gaming continues to grow its
network of communities, reflecting the scale and diversity of
gaming enthusiasts today.
Enthusiast Gaming ContactsEnthusiast Gaming
– Felicia DellaFortuna, CFO Investors: FNK IR – Rob Fink /
Matt Chesler, CFA, investor@enthusiastgaming.comMedia:
press@enthusiastgaming.com
Forward Looking Information
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 Gaming
anticipates or expects may or will occur in the future (in whole or
in part) should be considered forward-looking information. 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 statements in this news release include, but are
not limited to, statements regarding the Company’s strategic plans
and anticipated product expansions.
Forward-looking statements are based on
assumptions and analyses made by the Company in light of its
experience and its perception of historical trends, current
conditions and expected future developments, including, but not
limited to, expectations and assumptions concerning interest and
foreign exchange rates; capital efficiencies, cost saving and
synergies; growth and growth rates; the success in the esports and
media industry; and the Company’s growth plan. While Enthusiast
Gaming considers these assumptions to be reasonable, based on
information currently available, they may prove to be incorrect.
Readers are cautioned not to place undue reliance on
forward-looking statements. In addition, forward-looking statements
necessarily involve known and unknown risks, including, without
limitation, risks associated with general economic conditions; the
timing and filing of the final base shelf prospectus and
corresponding Registration Statement; the potential offering of any
Securities by the Company; uncertainty with respect to the
completion of any future offering; the ability to obtain applicable
regulatory approvals for any contemplated offerings; the ability of
the Company to negotiate and complete future funding transactions;
adverse industry events; and future legislative, tax and regulatory
developments. Readers are cautioned that the foregoing list is not
exhaustive. For more information on the risk, uncertainties and
assumptions that could cause anticipated opportunities and actual
results to differ materially, please refer to the public filings of
Enthusiast Gaming which are available on SEDAR+ at
www.sedarplus.ca. Readers are further cautioned not to place undue
reliance on forward-looking statements as there can be no assurance
that the plans, intentions or expectations upon which they are
placed will occur. Such information, although considered reasonable
by management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement and reflect our
expectations as of the date hereof, and thus are subject to change
thereafter. Enthusiast Gaming disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by applicable law.
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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5dad9e0a-1d1c-434c-a4c5-ccf089183ec6
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