VANCOUVER, BC, Dec. 22,
2022 /CNW/ - East Side Games Group Inc. (TSX: EAGR)
(OTC: EAGRF) ("ESGG" or the "Company"), Canada's leading free-to-play mobile game
group, along with their subsidiary company, East Side Games
Inc. ("ESG"), announced today that it has expanded its
partnership with a variety of superstars in the LGBTQ+ community
through its relationship with Creative Artists
Agency (CAA). Expanding our deals for existing games,
developing new titles and featuring many of the biggest names in
our existing games, it is clear the LGBTQ+ community is clamouring
for additional mobile game content and ESG aims to deliver.
In addition to the IP signing, 2022 Highlights and Awards
include the following:
2022 HIGHLIGHTS
- Three of our top five games have been launched in the past
year
- Year over year revenue growth every quarter and a year-to-date
increase of 40% through September 30,
2022
- Josh Nilson, founder and general
manager, recognized as BC Tech Technology Impact Awards (TIA)
"Person of the Year"
- Signed partnership deals with six major marquee IP holders
- Signed development deals with five additional game studios
- User Acquisition team recognized as industry leaders by
Deconstructor of Fun (podcast "Practical Advice for Growing Games
in Diverse Markets with Nancy Huang
(Head of UA @ East Side Games) and Ludovic Thevelin (Growth
Consultant @ Google)"
- Secured financing for up to $17
million and generated $5
million in operating cash flow through September 30, 2022
- Continue to be actively purchasing shares under our previously
announced Normal Course Issuer Bid.
2022 AWARDS AND RECOGNITION
- BC Tech 2022 Technology Impact Awards: Josh Nilson named "Person of the Year"
- Deloitte Fast 500 recipient
- Josh Nilson named in the BC500
list as one of the 500 most influential business leaders in
British Columbia
- Pocket Gamer Awards 2022: East Side Games was a finalist for
Best Mobile Developer
- The Office: Somehow We Manage recognized as Apples 'App of the
Day' numerous times
- Waterstone Human Capital Canada's Most Admired Corporate
Cultures: ESG was recertified as one of Canada's Most Admired Corporate Cultures of
2022
- Trailer Park Boys: Greasy Money
– Honoree in the category of Best User Experience, Webby's –
2022
- RuPaul's Drag Race Superstar – Winner for Best Mobile Game -
Simulation, NYX Game Awards 2022
- 2022 Finalist for Best Developer, PG Mobile Games Awards
- 2022 Finalist for Best Game Engine — IdleKit, PG Mobile Games
Awards
- 2022 Nominee for Best Mobile Game, Canadian Game Awards —
RuPaul's Drag Race Superstar
- RuPaul's Drag Race Superstar shortlisted for Pocket Gamer's
People's Choice Award 2022
"2022 has been a challenging year in capital markets, in the
mobile games industry and across the economy writ large. Despite
these headwinds, the ESGG team has achieved incredible milestones
in 2022. We have solidified our foundation in GameKit and set the
stage for a phenomenal 2023 and beyond. We want to thank our
shareholders, the incredible team that work here, our IP partners
such as NBCUniversal, Disney, Creative Artists Agency, Paramount,
WOW and others. Most importantly, we thank the millions of people
who played our games this year, our core objective is always to
delight and engage them at every opportunity," said Jason Bailey, Chairman and CEO of ESGG.
TRULY SOCIAL GAMES
UPDATE
As disclosed in our Q3 2022 MD&A, the Company believes it
has fulfilled its current obligations under the Acquisition
Agreement between TSG and the Company dated June 22, 2021. A TSG subsidiary has filed a claim
in Oregon and on December 19, 2022 their general manager issued a
press release. The Company believes the claims are meritless. The
Company has responded on multiple fronts and is committed to
resolving this matter.
ABOUT EAST SIDE GAMES
GROUP
East Side Games Group is a leading free-to-play mobile game
group. Through our proprietary Game Kit software platform, we
enable creators to successfully deliver memorable mobile gaming
experiences that engage players everyday. We publish a diverse
portfolio of original and licensed IP mobile games that include:
The Office: Somehow We Manage, RuPaul's Drag Race Superstar,
Star Trek Lower Decks: The Badgey Directive, Bud Farm Idle
Tycoon, Cheech & Chong Bud Farm,
It's Always Sunny: The Gang Goes Mobile, Trailer Park Boys Greasy
Money and other IP based and wholly owned properties.
Additional information about the Company continues to be
available under its legal name, East Side Games Group Inc., at
www.sedar.com.
Forward-looking
Information
Certain statements in this release are forward-looking
statements, which reflect the expectations of management regarding
the aforementioned litigation. Forward-looking statements consist
of statements that are not purely historical, including any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Such statements are subject to risks and
uncertainties that may cause actual results, performance or
developments to differ materially from those contained in the
statements. No assurance can be given that any of the events
anticipated by the forward-looking statements will occur or, if
they do occur, what benefits the Company will obtain from them. In
particular, the outcome of any litigation may differ from what is
anticipated or expected. These forward-looking statements reflect
management's current views and are based on certain expectations,
estimates and assumptions which may prove to be incorrect. A number
of risks and uncertainties could cause our actual results to differ
materially from those expressed or implied by the forward-looking
statements, including factors beyond the Company's control. These
forward-looking statements are made as of the date of this news
release.
SOURCE East Side Games Group Inc.