Ese Entmt Stock Price, News & Analysis

ESE Entertainment announces the launch of its esports team K1CK's first non-fungible tokens (NFTs) on October 14, 2021, at 10 am ET. These NFTs will celebrate the team's stars, including Łukasz "Puki Style" Zygmunciak and Jose Domingo "Uxako" Llosa Mesías, while also marking K1CK's 23rd anniversary. The NFTs will be available on OpenSea, a leading NFT marketplace that recorded over $3 billion in transactions in August 2021. CEO Konrad Wasiela emphasized the growing NFT market and its potential for K1CK’s global fanbase.

ESE Entertainment Inc. (TSXV: ESE, OTCQB: ENTEF) announced that its esports team, K1CK Esports, has qualified for the Apex Legends Pro League, which boasts a prize pool of $5 million. This competition will run from October to December 2021, featuring 40 teams from the EMEA region. K1CK Esports CEO, Pedro Fernandes, highlighted the growth of Apex Legends and expressed excitement about competing at the highest level. ESE focuses on gaming and esports technology, aiming for organic growth and potential acquisitions.

ESE Entertainment Inc. (TSXV: ESE, OTCQB: ENTEF) has signed a Letter of Intent (LOI) to acquire Frenzy sp. z.o.o., a European esports media and technology firm. The acquisition involves purchasing 100% of Frenzy's securities, with 50% of the payment made in cash and the rest in ESE shares, contingent on future revenue milestones. Frenzy specializes in esports events and media content and is expected to enhance ESE's media capabilities, especially through its connection with Polsat Group. The acquisition remains subject to due diligence and regulatory approval.

ESE Entertainment Inc. (OTCQB:ENTEF) announced a distribution agreement between its subsidiary Digital Motorsports (DMS) and Motion Systems, a leading motion platform manufacturer. This partnership aims to deliver high-quality simulators to racing drivers and esports competitors at more affordable prices, making advanced simulation technology more accessible. The deal signifies a strategic move to engage a new generation of 'Digital Drivers' and enhance participation in motorsports.

ESE Entertainment Inc. (OTCQB: ENTEF) reported a remarkable revenue of $4.23 million for the three months ended July 31, 2021, marking a 491% increase over the previous quarter. The company's cash balance increased to $9.17 million, with zero debt. ESE successfully raised $8.6 million in a public offering and completed the acquisition of Digital Motorsports on September 14, 2021. A reduced net loss of $1.26 million compared to $3.81 million in the previous quarter indicates improving financial health.

ESE Entertainment Inc. (OTCQB: ENTEF) is participating in the ADAC SimRacing Expo at the Nürburgring Racetrack in Germany from September 17-19, 2021. This prestigious event attracts over 23,500 visitors and features 26 international companies, including major brands like Porsche and BMW. ESE's CEO, Niall Maher, highlighted the company's prominent exhibition space and the launch of new AR/VR technology. Additionally, ESE has issued 200,000 shares under an agreement, pending TSXV approval.

ESE Entertainment Inc. (OTCQB: ENTEF) announced the completion of its acquisition of Auto Simulation Limited, trading as Digital Motorsports, enhancing its digital motorsports business. The acquisition involved a total payment of CAD $1,681,250 in cash, 941,500 common shares, and potential future shares based on revenue milestones. ESE's CEO highlighted new technologies and global partnerships, while Digital Motorsports aims to bridge motorsport and esports. The global motorsport industry valuation is approximately €159 billion.

ESE Entertainment (TSXV:ESE, OTCQB:ENTEF) has announced a multiyear agreement with the FIA to provide marketing rights for the FIA Rally Star, a global talent selection program. This partnership aims to enhance the program's global reach, identifying young driving talent aged 17 to 26 through the Digital Challenge and #RallyAtHome Challenges featuring the WRC 9 simulation racing game. The collaboration underscores a shift towards inclusivity in motorsport, merging esports with traditional racing to attract a new generation of competitors.

ESE Entertainment Inc. (OTCQB: ENTEF) announces the second edition of the Porsche Esports Sprint Challenge Poland, beginning September 9, 2021. This event will be featured in the official calendar of the Polish Automobile and Motorcycle Federation and broadcasted by ELEVEN SPORTS. The competition will showcase 24 drivers and include revamped formats with legendary tracks. CEO Konrad Wasiela highlights that partnering with ELEVEN SPORTS will enhance the visibility of digital motorsports in Poland and globally.