Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport
Games”), a leading racing game developer, publisher and
esports ecosystem provider of official motorsport racing series
throughout the world, announced today a season update to
NASCAR 21: Ignition (“Ignition”) to reflect the
2022 NASCAR Cup Series season. Updates to the title will be seen
across Race Now, Online Multiplayer and the Paint Booth.
The 2022 Season Update will be available for
download starting October 6, 2022, for Sony
PlayStation 4 and 5, Xbox One, Series S and X and PC through the
Steam store. For current owners of Ignition, both Standard and
Champions Editions will be able to download the update for free,
while those who do not currently own Ignition can purchase Ignition
at a reduced price point ($19.99 USD) and then receive the free
install. Additionally, NASCAR 21: Ignition – Victory Edition is
still available, which will include the Season Pass 1 (2021 DLC
content), 2022 Season Update and Season Pass 2 (2022 DLC content).
A first look at the new features within the game can be seen in a
trailer here.
The Ignition 2022 Season Update provides a
number of refreshed features for the title. Players will be greeted
with refreshed user interface elements, making navigation of menus
and settings more seamless. An upgraded HUD has also been developed
with all new tire wear and fuel indicators to closely monitor the
real-time status of the car’s condition while racing. Furthermore,
newly-recorded broadcast introductions from Motor Racing
Network’s On-Air Announcer, Alex Hayden, will be featured
throughout. Gamers will also be able to access the current 2022
NASCAR Cup Series racetracks from both the regular season and
playoffs. The 2022 lineup of drivers, teams and paint schemes have
been directly pulled from the 2022 season, providing players with
the most up-to-date version of the sport. The Ignition update also
sees the addition of all three Next Gen car models from Chevrolet,
Ford and Toyota, playable on every NASCAR track.
“The 2022 NASCAR season has truly been historic
with the addition of the Next Gen cars and exciting rookie drivers
taking the grid by storm, so it was imperative for us to be able to
replicate it within a game for our fans,” said Jay Pennell,
Brand Manager, NASCAR, at Motorsport Games. “We understand
that players may be disappointed by the lack of a fully new
standalone title this year, but we want to ensure that our mistakes
from the previous release are not repeated. To that end, this
season update serves as a bridge to our next official NASCAR title,
which Motorsport Games is already hard at work developing to
include many of the additions and gameplay updates our fans have
requested over the past year. The 2022 Season Update is a proper
reflection of the current NASCAR landscape and we look forward to
continuing our work to provide the best possible experience for our
players in the future.”
To make sure that the historic 2022 NASCAR
Season is as accessible to as many players as possible, Motorsport
Games is also releasing the 2022 content additions into NASCAR Heat
5 and NASCAR Heat Mobile. With these updates, NASCAR’s 2022 season
will be reflected across all of Motorsport Games’ NASCAR
properties. Players will be able to utilize the cars, drivers and
teams from the 2022 NASCAR Cup Series season in Race Now and Online
Multiplayer in NASCAR Heat 5 as purchasable downloadable content.
NASCAR Heat Mobile will also see the 2022 cars, drivers and teams
updated as selectable and purchasable content.
For more information about the NASCAR
21: Ignition 2022 Season Update, please visit
www.nascarignition.com. To keep up with the latest Motorsport Games
news, visit www.motorsportgames.com and follow on Twitter,
Instagram and Facebook.
About Motorsport
Games: Motorsport Games, a Motorsport
Network company, is a leading racing game developer, publisher and
esports ecosystem provider of official motorsport racing series
throughout the world. Combining innovative and engaging video games
with exciting esports competitions and content for racing fans and
gamers, Motorsport Games strives to make the joy of racing
accessible to everyone. The Company is the officially licensed
video game developer and publisher for iconic motorsport racing
series across PC, PlayStation, Xbox, Nintendo Switch and mobile,
including NASCAR, INDYCAR, 24 Hours of Le Mans and the British
Touring Car Championship (“BTCC”), as well as the industry leading
rFactor 2 and KartKraft simulations. RFactor 2 also serves as the
official sim racing platform of Formula E, while also powering
Formula 1™ centers through a partnership with Kindred Concepts.
Motorsport Games is an award-winning esports partner of choice for
24 Hours of Le Mans, Formula E, BTCC, the FIA World Rallycross
Championship and the eNASCAR Heat Pro League, among others.
Motorsport Games is building a virtual racing ecosystem where each
product drives excitement, every esports event is an adventure and
every story inspires.
Forward-Looking
Statements: Certain statements in this
press release which are not historical facts are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, and are provided pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Any statements in this press release that are not statements of
historical fact may be deemed forward-looking statements. Words
such as “continue,” “will,” “may,” “could,” “should,” “expect,”
“expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,”
“predict,” “potential,” and similar expressions are intended to
identify such forward-looking statements. These forward-looking
statements include, without limitation, statements concerning the
expected future impact of new or planned products, features and/or
offerings and the timing of launching such products, features
and/and offerings, including, without limitation, Motorsport Games’
plans to continue its work to provide the best possible experience
for our players in the future. All forward-looking statements
involve significant risks and uncertainties that could cause actual
results to differ materially from those expressed or implied in the
forward-looking statements, many of which are generally outside the
control of Motorsport Games and are difficult to predict. Examples
of such risks and uncertainties include, without limitation,
difficulties, delays in or unanticipated events that may impact the
timing and scope of new product launches, such as due to: (i)
difficulties or delays in using its product development personnel
in Russia due to the Russia invasion of Ukraine and the related
sanctions and/or more restrictive sanctions rendering transacting
in the region more difficult or costly and/or difficulties and/or
delays arising out of any resurgence of the ongoing and prolonged
COVID-19 pandemic; (ii) less than expected benefits from
implementing the Company’s management strategies; (iii) adverse
economic, market and geopolitical conditions that negatively impact
industry trends, such as significant changes in the labor markets,
an extended or higher than expected inflationary environment (such
as the impact on consumer discretionary spending as a result of
significant increases in energy and gas prices which have been
increasing since early in 2020), a higher interest rate
environment, tax increases impacting consumer discretionary
spending and/or quantitative easing that results in higher interest
rates that negatively impact consumers’ discretionary spending;
and/or (iv) difficulties and/or delays in resolving our liquidity
position and financial condition by obtaining additional capital to
meet our liquidity needs, including without limitation,
difficulties in securing funding that is on commercially acceptable
terms to us or at all, such as our inability to complete in whole
or in part any potential debt and/or equity financing transactions,
as well as any inability to achieve cost reductions and/or less
than expected availability of funds under Motorsport Games’ $12
million line of credit from Motorsport Network. Factors other than
those referred to above could also cause Motorsport Games’ results
to differ materially from expected results. Additional examples of
such risks and uncertainties include, but are not limited to: (i)
delays and higher than anticipated expenses related to the ongoing
and prolonged COVID-19 pandemic and any resurgence of COVID-19;
(ii) Motorsport Games’ ability (or inability) to maintain existing,
and to secure additional, licenses and other agreements with
various racing series; (iii) Motorsport Games’ ability to
successfully manage and integrate any joint ventures, acquisitions
of businesses, solutions or technologies; (iv) unanticipated
operating costs, transaction costs and actual or contingent
liabilities; (v) the ability to attract and retain qualified
employees and key personnel; (vi) adverse effects of increased
competition; (vii) Motorsport Games’ ability to protect its
intellectual property; and/or (viii) local, industry and general
business and economic conditions. Additional factors that could
cause actual results to differ materially from those expressed or
implied in the forward-looking statements can be found in
Motorsport Games’ filings with the Securities and Exchange
Commission (the “SEC”), including its Annual Report on Form 10-K
for the fiscal year ended December 31, 2021, its Quarterly Reports
on Form 10-Q filed with the SEC during 2022, as well as in its
subsequent filings with the SEC. Motorsport Games anticipates that
subsequent events and developments may cause its plans, intentions
and expectations to change. Motorsport Games assumes no obligation,
and it specifically disclaims any intention or obligation, to
update any forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly
required by law. Forward-looking statements speak only as of the
date they are made and should not be relied upon as representing
Motorsport Games’ plans and expectations as of any subsequent date.
Additionally, the business and financial materials and any other
statement or disclosure on, or made available through, Motorsport
Games’ website or other websites referenced or linked to this press
release shall not be incorporated by reference into this press
release.
Website and Social Media
Disclosure:Investors and others should
note that we announce material financial information to our
investors using our investor relations website
(ir.motorsportgames.com), SEC filings, press releases, public
conference calls and webcasts. We use these channels, as well as
social media and blogs, to communicate with our investors and the
public about our company and our products. It is possible that the
information we post on our websites, social media and blogs could
be deemed to be material information. Therefore, we encourage
investors, the media and others interested in our company to review
the information we post on the websites, social media channels and
blogs, including the following (which list we will update from time
to time on our investor relations website):
Websites |
Social Media |
motorsportgames.com |
Twitter: @msportgames & @traxiongg |
traxion.gg |
Instagram: msportgames & traxiongg |
motorsport.com |
Facebook: Motorsport Games & traxiongg |
|
LinkedIn: Motorsport Games |
|
Twitch: traxiongg |
|
Reddit: traxiongg |
The contents of these websites and social media
channels are not part of, nor will they be incorporated by
reference into, this press release.
Press:ASTRSK PR
motorsportgames@astrskpr.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d317a731-d4bc-4dfe-ae8b-992456e00f79
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