The Company Moves Forward As It Continues To Diversify Into The Esport Tournament Gaming Market
KENNETT SQUARE, Pa., Nov. 13, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Good Gaming Inc. (USOTC: GMER) (the "Company") is pleased to announce its intent to initiate a new internet streaming channel.
Initial plans are for the Company to expand their broadcasting and event capabilities through a dedicated internet streaming channel that they expect to be available to gamers worldwide through multiple media sources like Twitch, Facebook Live, YouTube Gaming, Roku, Hulu and others.
This internet streaming channel will be part of the previously announced collaboration agreement with Koralis Entertainment, Inc. Because of Koralis Entertainment Inc.'s current broadcast experience, both companies will have the benefit of a solid foundation to expedite the processes necessary and establish the channel as a revenue-producing venture.
Both companies are seeking to combine their individual expertise and expectations are for the companies to move toward a joint-venture agreement that will provide for broader projects and create a well-rounded company that has the ability to execute on many levels.
As the Company enters into final discussions to bring additional broadcast content online in the immediate future, plans are to continue with the weekly broadcast of their Street Fighter V tournament events under the 2050esports brand.
"While additional content is being finalized, we plan on announcing several new titles, creating multiple streaming tournaments throughout the week," said Good Gaming Inc. CEO David B. Dorwart. "Our development team has been directed to begin working on new content. The new content, mixed with our plans to bring additional outside gaming content, will allow us to create a dynamic, well-diversified gaming channel that will appeal to a variety of viewers, influencers, and competitive gamers alike."
Since 2016, internet streaming channels have increased by over 300% in streams per day per hour. This represents exponential growth and opportunities for companies like Good Gaming Inc. when it comes to developing multiple revenue streams for an engaged and active audience. The industry has also seen a 30% jump in game diversity with current estimates approaching over 130,000 games available to gamers in 2018.
YouTube Gaming has already seen a 343% increase in its audience base in the last 12 months as Facebook introduces its new product Level Up to help live streamers build audiences on its Gaming Creator platform.
Good Gaming Inc. CEO Eric Brown stated, "We have carefully evaluated the current trend and power of live video streaming and its effect on the esport industry. We believe that opportunities exist that have yet to be exploited in this area, which has prompted us to move forward with this venture." He added, "We have a firm belief that Good Gaming Inc. is in the right space at the right time, and we are confident that diversification will be the key to our success. Our intent to create a new internet streaming channel is only one of several projects we are currently working on and plan to introduce to the market. Stay tuned for more developments as they occur."
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About Koralis Entertainment Inc.:
Founded in 2013, Koralis Entertainment Inc. is a full-service entertainment company that creates original content across multiple platforms including esports, movies, music production, apparel, merchandise, transmedia, and intellectual property. Koralis Entertainment Inc., through its '2050esports' brand, has succeeded in producing multiple live events and regular online esports tournaments (with accompanying broadcasts). Koralis Entertainment Inc. recently signed a licensing agreement with Daytona International Speedway to produce co-branded, esports related content following a successful event at the venue in November 2017.
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About Good Gaming Inc.:
Good Gaming Inc. is a leading competitive 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. Good Gaming Inc. has taken a strategic multifaceted approach in the esports industry with products and services ranging from multiple Minecraft servers, a proprietary tournament platform, high school esports leagues, soon-to-come virtual reality centers, live event regional esport tournaments and weekly esport tournaments hosted on Twitch. The esports industry continues to experience exponential growth going from $500 million to $1.2 billion over the last two years while industry analysts forecast a $5 billion global industry by 2020. Good Gaming Inc. seeks to create and exploit opportunities as the industry allows.
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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.
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Joseph M. Vazquez III
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