Enthusiast Gaming Unveils Revamp of Iconic Gaming Portal, Shockwave
December 12 2023 - 6:00AM
Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the
“Company”) (TSX: EGLX), the leading gaming media and entertainment
company in North America, has announced a significant update to
Shockwave.com, one of the internet's longest-standing gaming
platforms, home to thousands of online and downloadable games. The
site has been a vital part of the gaming community for years and
has relaunched with a fresh new look and mobile-friendly
experience.
Shockwave.com boasts over 1.4 million active
users spending an average of 9 minutes per session on the site,
with subscriptions dating back as far as 14 years. With these
updates, Enthusiast Gaming aims to position Shockwave.com as a
go-to daily game site, competing with industry giants like The New
York Times Puzzles and Games, while preserving its legacy as one of
the oldest gaming sites on the web and capitalizing on its robust
library of daily and other casual games such as Daily Jigsaw, The
Daily SNOOP, and Fruit Merge.
"Shockwave.com has always held a special place
in the hearts of gamers, and with this revitalization, we're making
sure it remains a go-to destination for players of all ages,” said
Shinggo Lu, Chief Product Officer of Enthusiast Gaming. “The
modernization efforts will enhance the user experience and position
us to capitalize on a growing trend towards daily games that drives
strong subscription demand."
For more information about Shockwave.com and its
relaunch, please visit www.shockwave.com.
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.com
Media: press@enthusiastgaming.com
Forward Looking InformationThis
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/df468bc1-9d16-47cc-8493-6762090f9865
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