KENNETT SQUARE, PA, April 16, 2018 (GLOBE NEWSWIRE) --
Good Gaming, Inc. (OTCQB: GMER) (the “Company”) CEO David B. Dorwart is pleased to provide his latest monthly corporate update for the month of March 2018 through the issuance of this letter to shareholders.
To date, we are very pleased with the progress we continue to make with our gaming and cryptocurrency mining operations, as we continue to scale the company towards multiple revenue streams and ultimate profitability.
Below is a general summary of our operations:
Minecraft Division
We are very excited about the changes coming for our Minecraft division. Total revenue for the month of March was relatively flat due to the focus on our two new servers. However, we have begun to see revenues from Minecade in the prelaunch and expect this to increase significantly over the next several months. The Minecade server has been solidly relaunched in the month of April, so we expect to start seeing consistent revenue growth very soon.
We see the month of April hitting several milestones for the Company with final versions of several large projects launching. These include our Minecade server and our version of the very popular Battle Royale mod. We intend to start marketing these products aggressively and believe that revenues will improve considerably over the next few months. As a testament to that, we have already seen a small group of You Tuber’s hold their own tournament on our Minecade site with one of our proprietary game modes. We are excited that the community continues to come to see what we are doing in Minecade.
Olimpo, our recently acquired Latin server, is a Spanish language server which we are extremely excited to launch worldwide within the next 60 days. As one of the largest Spanish servers in the market, serving the Latin community, we see great opportunities, as we continue to build our infrastructure in order to launch our Minecraft programs in Spanish, extend our base of player’s, and provide Spanish speakers a great Minecraft experience in their native tongue.
Tournaments and Leagues
We continue to refine our marketing plan to include high school gaming leagues across the nation. We continue to explore our options as we refine our conversations with educators, parents and students. By focusing on this opportunity, we will be able to increase exposure to teen gamers looking for collegiate scholarships and looking to turn pro. This program will also offer another avenue for gaming scouts to find untapped talents through our educational system. We hope to be able to officially launch this program in the very near future.
We have decided to begin offering some small tournaments on our own Minecade server beginning with Battle Royale to see how the market responds. We anticipate the eventual offering of Bitcoin as a prize and see this as an exciting way to introduce new gamers and our loyal Good Gaming followers to our new products.
Virtual Reality and Video Centers
We continue to extensively explore the market for gaming centers in various forms and hope to be able to announce to the market our strategy soon. We continue to believe that there is a significant market for social gaming and want to make sure we have the best possible outcome.
Cryptocurrency Update
As previously reported, we acquired a Bitcoin mining operation, Crypto Strategies. We have begun mining operations and are pleased to report that we currently have 30 Antminer S9’s working at mining Bitcoin. We anticipate having coins and cryptocurrency in our Wallets in about 30 days to deploy. We are excited to be able to explore the synergies between our bitcoin mining operation and our connection to gamers. We also anticipate the ability to exploit certain opportunities for growth with the recent pullback of the cryptocurrency space.
Uplisting to the OTCQB Platform
On April 12, 2018, the Company was officially approved for trading on the OTCQB venture markets. This move will help increase our transparency, increase our market exposure to additional investors and offer publicly disclosed level 2 trading activity. This move up on the OTC trading platform will eventually help us create a better market platform for new investors and our shareholders.
OTCMarkets Press Release:
https://www.otcmarkets.com/stock/GMER/news/OTC-Markets-Group-Welcomes-New-OTCQB-Companies--April-12?id=188896
In conclusion, we continue to make steady progress in every division at Good Gaming. We are very excited at the opportunity to see the fruits of our labor with the successful implementation of our strategies over the last several months and look forward to a successful outcome.
Until next month, game away!
David B. Dorwart
For more information please visit our website:
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https://www.good-gaming.com/membership
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Investors Hangout: https://investorshangout.com/Good-Gaming-Inc-GMER-62551/
About Good Gaming:
Good Gaming is a leading competitive online tournament gaming and social network platform targeting over 250 million esports players and participants worldwide who want to communicate with each other, develop strategies and compete at novice, competitive and professional levels. Depending on a Gamer’s level of skill, players have the ability to win tournaments which include prize money, gifts and raffles. Good Gaming recently confirmed its partnership with one of the world's leading games publishers and is launching a series of tournaments in 2017. The esport industry has experienced exponential growth going from $500 million to $1.2 billion over the last two years with industry analysts forecasting a $5 billion global industry by 2020. The Company has also recently entered into the cryptocurrency space through its acquisition of Crypto Strategies and fully anticipates exploiting various opportunities in the mining of Bitcoin and cryptocurrency.
Safe Harbor
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Good Gaming Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Good Gaming Inc.’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Good Gaming Inc.’s filings with the Securities and Exchange Commission.