Enthusiast Gaming Holdings Inc. (“Enthusiast
Gaming” or the “Company”) (NASDAQ:EGLX) (TSX:EGLX) (FSE:2AV), the
largest gaming media platform in North America, reaching over 300
million monthly video game and esports fans worldwide, is pleased
to announce that NFL superstar, Silicon Valley advisor and
community leader, Richard Sherman has been appointed to its Board
of Directors (the “Board”).
Richard is one of the most impactful players in
NFL history and is known for leading some of the best defensive
teams in the league throughout his career, most recently as captain
of the San Francisco 49ers defensive unit. He graduated from
Stanford University and was drafted by the Seattle Seahawks in
2011, winning a Super Bowl in 2013. He is a five-time All-Pro
cornerback, a member of the NFL 2010s All-Decade Team and has
earned two nominations for the Walter Payton NFL Man of the Year
Award, one of the most prestigious awards granted by the NFL,
during his time with both the Seattle Seahawks and later with the
San Francisco 49ers.
Richard has made an equally profound impact off
the field establishing himself as an active player in the
technology community both in Seattle and Silicon Valley, having
been recently named as an advisor to Decibel, a global venture
capital firm backed by Cisco Systems. He has demonstrated immense
leadership capabilities through his work with the NFL Players
Association executive committee, having served as the youngest and
one of the few players to be nominated to the committee, and was
re-elected for his second consecutive term in 2018. Richard has
also made significant contributions with his philanthropic work
through the Blanket Coverage foundation he started in 2013, which
provides students in low-income communities with school supplies
and clothing.
Richard is a passionate, avid gamer and is very
active on Twitch competing in his favourite game, Call of Duty.
Richard views gaming as a positive outlet for people and
professional athletes alike. Gaming is elemental in providing a way
for people to connect and a sense of community, which is a driving
force for his active involvement in the industry. It is this
passion and understanding that makes him well-suited to join the
Board of Enthusiast Gaming.
“Richard’s compelling leadership experience and
business acumen along with his relationships in Silicon Valley and
the investment community in the United States brings invaluable
breadth and a fresh perspective to the Board,” commented
Adrian Montgomery, CEO of Enthusiast Gaming. “On behalf of
the Board, we are thrilled to welcome Richard and look forward to
benefiting from his increased involvement.”
“As a gamer myself, I became interested in the
business of video gaming and esports seeing the emergence of the
industry come alive right in front of my own eyes and recognizing
the tremendous growth potential that exists, which has many
parallels to professional sports,” commented Richard
Sherman. “Enthusiast Gaming has been successful at
navigating and leveraging the industry’s growth to position itself
as a dominant player. As a member of the Board, I look forward to
playing an active role in helping the Company execute its strategic
plan and fully capitalize on its potential.”
Richard has been working with the Company’s
esports division, Luminosity Gaming, as a global brand ambassador
since 2019.
About Enthusiast Gaming
Enthusiast Gaming is building the largest media
platform for video game and esports fans to connect and engage
worldwide. Reaching over 300 million gamers every month, the
Company is a member of the ‘Comscore 100’ ranking of the top
Internet Properties in the US and the largest in the Gaming
Information category on mobile devices. Combining the elements of
its four core pillars; Media, Talent, Esports and Experiential,
Enthusiast Gaming provides a unique engagement opportunity
resulting in more points of connection than any other video game
and esports platform, with unparalleled access to the influential
and lucrative GenZ and Millennial audience. Through ownership and
exclusivity of our array of digital media and entertainment assets,
we have built a vast and proprietary network of like-minded
communities - we own the fan experience.
The Company’s Media segment comprises 100+
gaming related websites and 1,000+ YouTube channels that generated
42 billion views of content in 2020. The Talent division works with
550+ leading gamers and influencers to create new and unique
content. Luminosity Gaming, the Company’s esports division, ranked
as the #1 watched esports organization on Twitch, competes across a
number of game titles, including the Vancouver Titans Overwatch
team and the Seattle Surge Call of Duty team and works with over 50
leading streamers and athletes, including xQc, Nick Eh 30, Chica
and more. Enthusiast Gaming’s Experiential business owns and
operates Canada’s largest gaming expo, EGLX, and the largest B2B
mobile gaming event in Europe, Pocket Gamer Connects, and hosts
over 50 live and virtual events annually. For more information on
the Company visit enthusiastgaming.com. For more information on
Luminosity Gaming visit luminosity.gg.
Contacts
Investor Relations:Eric Bernofsky, Chief
Corporate Officer, Enthusiast
Gaminginvestor@enthusiastgaming.com
Media Relations:Carmela Antolino, Provident
Communicationscarmela@providentcomms.com647-287-2286
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.
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: expectations regarding the
future growth of the esports industry generally; future development
and growth prospects; the overall business and economic conditions;
and the Company’s competitive environment.
Forward-looking statements are based on
assumptions, including 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;
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.sedar.com.
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.
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