Enthusiast Gaming Announces Renewal of ExitLag Partnership
March 24 2022 - 9:15AM
Enthusiast Gaming Holdings Inc.
(“Enthusiast Gaming” or the “Company”) (NASDAQ:EGLX; TSX:EGLX), an
integrated gaming entertainment company, is pleased to announce a
renewed partnership deal with ExitLag, a Brazilian software company
dedicated to a better online experience through gamer-developed
technology. ExitLag will continue to leverage Enthusiast Gaming’s
extensive Gen Z and Millennial reach, as the Latin American
software developer builds its customer base in the United States,
with its proprietary technology to improve routing connections for
gamers.
The renewed partnership will deepen the
relationship between Luminosity Gaming’s creators and esports
athletes and ExitLag. ExitLag’s logo will continue to receive
prominent placement on the team jersey, and ExitLag will work with
the most prominent creators on the Luminosity roster.
“With more than 145 million social followers
globally, we know our esports organization, Luminosity Gaming, is
well positioned to continue delivering results for ExitLag,”
said Adrian Montgomery, CEO of Enthusiast Gaming.
“This renewal is further evidence of Luminosity’s strength and
reach, the unique relationship our creators have with the gaming
community, and their ability to deliver for customers like
ExitLag.”
“We are delighted to renew our partnership with
Enthusiast Gaming, extending our reach with the North American
gaming community through Luminosity Gaming and its entertaining
roster of creators,” commented Átila Breowicz, CMO of
ExitLag. “This partnership is critical as we continue to
build our business in North America and worldwide, providing gamers
around the world with a superior gaming experience.”
About Enthusiast Gaming
Enthusiast Gaming is an integrated gaming
entertainment company, building the largest media platform for
video game and esports fans to connect and engage worldwide.
Combining the elements of its four core pillars; communities,
content, creators 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.
About ExitLag
ExitLag is a Brazilian software company founded
in 2010 and developed by gamers. ExitLag’s software utilizes
strategic algorithms for the best route optimization on the market,
and its proprietary technology seeks to provide the best game route
through mapping out multiple routes and sending the packet through
the optimal one. ExitLag guarantees a stable connection through a
real-time optimization system that counts on a worldwide server
network spread throughout all continents.
In 2019, the Company expanded into the US,
moving its headquarters to Florida, in order to establish a deeper
connection with the North American market. Since then, the company
has become one of the most recommended tunneling services worldwide
and remains committed to continually improving services and
relationships with its users.
Contacts
Enthusiast Gaming Investor Relations:Eric
Bernofsky, Chief Corporate
Officerinvestor@enthusiastgaming.com
Media Relations:Derek Holota, Provident
Communicationsderek@providentcomms.com343-422-5606
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 relating to planned partnership activities of
Enthusiast Gaming.
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 of the
esports and gaming 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 related risks
associated with general economic conditions; adverse industry
events; future legislative, tax and regulatory developments.
Readers are cautioned that the foregoing list is not exhaustive and
other risks are set out in Enthusiast Gaming’s public disclosure
record filed under the Company’s profile on www.sedar.com and also
available on www.sec.gov. 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. 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 and
at www.sec.gov. 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 law.
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