Gfinity PLC Gfinity selected as partner for esports world cup (8671X)
May 02 2019 - 1:00AM
UK Regulatory
TIDMGFIN
RNS Number : 8671X
Gfinity PLC
02 May 2019
The information contained within this announcement was deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR") and with the
publication of this announcement, this information is now
considered to be in the public domain.
2 May 2019
Gfinity plc
("Gfinity" or the "Company")
Gfinity selected as strategic partner for inaugural esports
world cup
Gfinity plc (AIM: GFIN), a world-leading esports solutions
provider, is pleased to announce that it has entered into a
partnership with TRUXTUN Capital, to be the primary consulting and
programme management partner for the inaugural Esports Wega World
Cup. The esports world cup will include a number of popular games
and will culminate alongside the 2022 FIFA World Cup finals.
Gfinity's selection for this event further endorses its evolved
strategy and status as a global partner of choice to provide
multi-faceted, integrated end-to-end esports solutions.
The tournament will be presented by Wega, the official Acoustic
Contactless Secured Payment Card of Manchester City FC and New York
City FC, and a leading global SCA (Strong Customer Authentication
biometric base) payment solution provider. Wega was developed by
TRUXTUN Capital, a Swiss financial technology provider.
Under the terms of the contract, Gfinity will be responsible for
the planning and design of both the online and offline formats,
utilising its proprietary technology platform, managing the
commercial and media rights, advising on the marketing and content
strategy and engaging any necessary third parties.
Gfinity's initial mandate is to design and develop a global
online and offline tournament format which is targeted to kick off
in early 2020. In addition, Gfinity will plan and deliver a launch
event to be held before the end of this year, alongside planning an
annual esports festival.
Gfinity will be engaging with leading publishers across a wide
range of game genres over the coming months with the goal of
finding exclusive partners to build out this exciting new global
programme. At this stage, no specific games have been selected for
the inaugural Esports Wega World Cup.
Garry Cook, Executive Chairman, Gfinity plc, said:
"To have been chosen as the global strategic partner and a
consultant to help deliver this bold and ambitious project is
another big step forward for Gfinity. Increasingly, we are being
sought out for our advisory capabilities, combined with strengths
in the design, development and delivery of outstanding competitive
gaming solutions. We will leverage our technology, expert knowledge
of esports management and unparalleled insight into the gaming
community to deliver this landmark programme. As the project
progresses, we are well placed to expand our mandate to provide
additional services in the lead up to 2022".
Patrick Moynier, President of Truxtun Capital, said:
"We are delighted to be partnering with Gfinity to deliver this
exciting project. Gfinity presents the perfect partner for us due
to its proven track record in delivering esports solutions for its
partners. The esports industry is booming and we look forward to
working with Gfinity to deliver this ambitious and exciting project
to coincide with the lead-up to the FIFA World Cup in 2022."
-ENDS-
Enquiries:
Gfinity plc 020 7260 2700
Garry Cook (via Teneo) gfinity@teneo.com
Teneo (media) 020 7260 2700
Camilla Cunningham / Tom Yadzi gfinity@teneo.com
Allenby Capital Limited (Nominated Adviser
& Joint Broker) 020 3328 5656
Jeremy Porter / Nicholas Chambers
Shore Capital (Joint Broker) 020 7408 4090
Patrick Castle / James Thomas
About Gfinity
Gfinity (LON: GFIN) is a world-leading esports solutions
provider. Its business to business platform, "Powered by Gfinity",
delivers managed services to game publishers, sports rights
holders, commercial partners and media companies. Gfinity creates
bespoke solutions, including competitions and industry leading
content production, connecting our partners with the esports
community in authentic and innovative ways. Partnerships include EA
SPORTS, F1 Esports Series, Halo World Championship and the Forza
Racing Championship.
Gfinity connects directly with competitive gaming consumers
through its owned competition platform, the "Gfinity Elite Series".
The Series enables competitive gamers to be part of the Gfinity
community, testing themselves and developing new skills, while
providing a pathway for those who aspire to a career in esports to
join a leading professional team. "Gfinity Elite Series" content is
distributed through linear and digital channels and is enjoyed by
tens of millions of esports fans around the world.
All Gfinity managed service solutions and owned competitions are
underpinned by its proprietary technology platform delivering a
level playing field for all competitors and supporting scalable
multi-format leagues, ladders and knock out competitions.
More information about Gfinity is available at
www.gfinityplc.com
About TRUXTUN Capital
TRUXTUN Capital is a financial technology company which has
developed a state-of-the-art financial payment solution and
platform, providing one of the most robust and secure payment
methods on the market. Through the City Wega app, TRUXTUN Capital
offers a FIDO-certified Mastercard with patented Acoustic
Technology, and advanced security features which include biometric
verifications making it virtually impossible for anyone to access
your account other than you.
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END
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