TORONTO, Oct. 31, 2018 (GLOBE NEWSWIRE) — Enthusiast Gaming Holdings Inc. (TSXV:EGLX) (“Enthusiast” or the “Company”), a digital media company building the largest community of authentic gamers, is pleased to announce record breaking attendance at its Enthusiast Gaming Live Expo (“EGLX”) on October 26 – 28 at the Metro Toronto Convention Centre. Over 30,000 people attended EGLX over the three day weekend and the expo sold out on Saturday as the 100,000 square foot event hall reached capacity. Next year, EGLX will be expanding its footprint to accommodate a larger expo and more attendees. Due to the extensive growth and success of EGLX, Enthusiast is exploring opportunities for strategic expansion in North America.
Menashe Kestenbaum, CEO of Enthusiast commented,
“The success and significant growth of EGLX over the last few years reconfirms the growth of the gaming industry. Enthusiast Gaming is well positioned with the largest independent online network of gamers in North America, and we are excited to explore options within our events division to take EGLX to the next level in becoming an industry leader worldwide.”
“We continue to generate significant interest from new partnership and investment opportunities which will enable us to expand EGLX both organically and through strategic growth. We would like to thank all of our sponsors, partners, and attendees and we are looking forward to the next EGLX in 2019.”
Founded in 2014, Enthusiast Gaming Holdings Inc. (TSXV:EGLX) is the fastest-growing online community of video gamers. Through the Company’s unique acquisition strategy, it has a platform of over 70 owned and affiliated websites and currently reaches over 75 million monthly visitors with its unique and curated content. Enthusiast also owns and operates Canada’s largest gaming expo, Enthusiast Gaming Live Expo, EGLX (www. eglx. ca). For more information on the Company, visit www. enthusiastgaming. com.
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 anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking information. Such information may involve, but is not limited to, comments with respect to strategies, expectations, planned operations and future actions of the Company. 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 information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of Enthusiast to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to Enthusiast, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs regarding future growth, results of operations, future capital (including the amount, nature and sources of funding thereof) and expenditures. Any and all forward-looking information contained in this press release is expressly qualified by this cautionary statement.
Investors are cautioned that, except as disclosed in the Filing Statement any information released or received with respect to the reverse take-over may not be accurate or complete and should not be relied upon. Trading in the securities of the Corporation should be considered highly speculative.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The securities of the Corporation have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.