Enthusiast Gaming Holdings Inc. (“Enthusiast
Gaming” or the “Company”) (NASDAQ:EGLX) (TSX:EGLX), a media and
content platform for video game and esports fans to connect and
engage, is pleased to announce that Mr. John Albright has been
appointed to its Board of Directors (the “Board”) and Audit
Committee effective immediately.
John is the Co-Founder and Managing Partner of
Relay Ventures, a venture capital firm with investments from
start-up phase to late venture and growth capital across North
America. Founded in 2008, Relay Ventures is headquartered in
Toronto and has a significant presence in San Francisco. Throughout
his career, John has helped entrepreneurs shape their vision and
capital plans for long-term, sustainable growth. His tenure in
finance spans both venture capital and private equity, where he has
assisted entrepreneurs through all stages of the start-up
lifecycle, from seed financing to IPO and M&A
advisory.
John holds the Chartered Financial Analyst (CFA)
designation and received his Bachelor of Business Administration
degree from the Schulich School of Business in Toronto. He
currently serves on the Board of Directors of theScore, Playmaker
Capital, ecobee, TouchBistro, Alate Partners, and the Centre for
Aging and Brain Health Innovation, in addition to other
professional and philanthropic endeavours.
“We are excited to welcome John Albright to the
Board of Enthusiast Gaming, as we move forward on our mission to
build the world’s largest platform of communities for gamers and
esports fans,” commented Adrian Montgomery, CEO of
Enthusiast Gaming. “John’s background in media,
technology, innovation, and wagering, along with his extensive
experience scaling businesses will be of significant value to
Enthusiast Gaming, especially in new areas of growth. John’s
passion for what we are building will play a critical role in
helping guide the Company towards achieving its growth
objectives.”
“I am delighted to be joining the Board of
Enthusiast Gaming,” said John Albright. “The
Company’s evolution and success to date has been impressive to
watch. I look forward to contributing my expertise to help further
grow Enthusiast by continuing to leverage its data and technology
capabilities to become a leading media and content platform.”
Blue Ant Media Inc. (“Blue Ant”) recently
announced it had entered into agreements to transfer an aggregate
of 6,000,000 common shares of Enthusiast Gaming to certain
non-voting shareholders of Blue Ant in private transactions. As
part of the transfer, Relay Ventures will become a significant
shareholder of Enthusiast Gaming.
Enthusiast Gaming also announces that Robb Chase
has resigned from the Board. The Company would like to thank Robb
for his service.
About Enthusiast Gaming
Enthusiast Gaming is building the largest media
and content platform for video game and esports fans to connect and
engage worldwide. Combining the elements of its four core pillars;
Media, Talent, Esports and Experiences, Enthusiast Gaming provides
a unique opportunity and integrated approach to reach and connect
with its coveted GenZ and Millennial audience. Through its
proprietary mix of digital media and entertainment assets,
Enthusiast Gaming has built a vast network of like-minded
communities to deliver the ultimate fan experience.
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 the value of Mr. Albright’s
experience to Enthusiast Gaming, and an anticipated share transfer
between third parties.
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;
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 risks, 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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