- Transaction is anticipated to make ESE one of the largest esports infrastructure companies in the world, bridging esports companies with their fans and customers.
- In 2020, WPG’s assets generated revenue in excess of
$14,000,000 . - The Transaction will add WPG’s existing client base to ESE. Clients of WPG’s subsidiary, WPG Racing Solutions, include one of the largest esports companies in the world, and one of the largest sports organizations.
- Acquisition will deliver on core strategic priorities of increasing revenue, expanding tier-1 client base, strengthening technology stack, expanding operational geography, adding experienced executives to ESE’s management, and increasing platform scalability through WPG’s over 100 staff.
Under the terms of the Agreement, all of the assets of WPG were rolled into a newly incorporated Canadian company,
WPG’s principal,
WPG is an enhanced solutions provider operating an infrastructure business for management of fan engagement for OTT & esports. WPG works with its customers to build new and improved B2C & B2B processes that align with the customer’s brand, boost retention, enhance fan interaction, improve ROI, and increase sales and profit margins. WPG provides bespoke, omni-channel solutions that encompass the traditional esports channels (voice, chat, email) and embrace new contact channels (Discord, Reddit, etc.) and social media used by millennials and many of today’s younger fans. WPG also offers robust out-sourced network services, including B2B and B2C services, and operates a global telecom network through
“Our company vision has been clear from the onset – acquire accretive and synergistic companies alongside organic growth to become the largest global esports company. This is now the second completed acquisition for ESE and we anticipate many more to come. From the moment we signed the WPG LOI in
Transaction Details
The purchase price of the Transaction consisted of: (i)
ESE has the option to acquire the remaining 49% of the issued and outstanding shares of the Corporation (the “Minority Interest”) at any time within 34 months following the Closing by: (i) paying
If
About ESE
ESE is a
About WPG
WPG is a Canadian and European based infrastructure business for management of fan engagement for OTT & esports. WPG works with its customers to build new and improved B2C & B2B processes that align with the customer’s brand, boost retention, enhance off-site fan interaction, and improve ROI. WPG provides bespoke, omni-channel solutions, that encompass the traditional channels (voice, chat, email), social media channels (Twitter, Facebook) and embracing new community channels (Discord, Reddit, etc.), used by millennials and many of today’s younger fans and Generation Z. | www.wpgrs.org
Forward-Looking Statements
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 ESE 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, statements with respect to (i) the expansion of WPG’s operations geographically; (ii) growing WPG’s business through acquisitions; (iii) the ability to scale WPG’s and ESE’s businesses; (iv) the likelihood of ESE acquiring the Minority Interest; (v) the effect of the Transaction on the parties, including the growth prospects of ESE following the Transaction; and (vi) the anticipated benefits associated with the Transaction. 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 ESE to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Among other things, there can be no assurance that the Transaction will be completed or that the anticipated benefits from the Transaction will be achieved. Such factors may be based on information currently available to ESE, 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. Trading in the securities of ESE should be considered highly speculative.
Neither the
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