Defy Media

SuiFusion is ready to take the DeFi world by storm with the upcoming Initial Dex Offering (IDO)

Retrieved on: 
Friday, May 12, 2023

Manglid, Indonesia, May 12, 2023 (GLOBE NEWSWIRE) -- SuiFusion , the first and top aggregator DEX on SUI, is set to revolutionize the DeFi world with its cutting-edge advancements.

Key Points: 
  • Manglid, Indonesia, May 12, 2023 (GLOBE NEWSWIRE) -- SuiFusion , the first and top aggregator DEX on SUI, is set to revolutionize the DeFi world with its cutting-edge advancements.
  • As gearing up for the next phase of the journey, its Initial Dex Offering (IDO) is now underway with a smooth start.
  • SuiFusion is a one-stop DeFi Dapp designed to provide a seamless trading experience by sourcing liquidity from multiple DEXs and presenting it on a single platform.
  • SuiFusion recognizes that the current blockchain ecosystem is fragmented, with different assets being held on different blockchains.

Enthusiast Gaming Announces Year-End 2022 Results

Retrieved on: 
Monday, March 27, 2023

LOS ANGELES, March 27, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (NASDAQ:EGLX; TSX:EGLX), an integrated gaming entertainment company, today announced financial results for the fiscal year ended December 31, 2022.

Key Points: 
  • Annual Revenue of $202.8 million, up 21%YOY
    Gross profit of $63.5 million, up 68%YOY
    Direct sales of $37.4 million, up 69% YOY
    Subscription revenue of $14.5 million, up 54% YOY
    LOS ANGELES, March 27, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (NASDAQ:EGLX; TSX:EGLX), an integrated gaming entertainment company, today announced financial results for the fiscal year ended December 31, 2022.
  • “Our 2022 financial and operating results continue to demonstrate that Enthusiast Gaming is on the path to achieving sustained profitability in 2023.
  • Signed multi-year partnership with the National Football League (the “NFL”) to launch a first-of-its-kind gaming collaboration, NFL Tuesday Night Gaming (“NFL TNG”), which debuted on September 13, 2022.
  • Launched an in-house talent agency, Storied, to access best-in-class talent for Enthusiast Gaming content initiatives such as NFL TNG.

Techies Launch Deploy: New Tech Talent Hub Matches Fully Vetted Tech Pros with Companies

Retrieved on: 
Tuesday, March 28, 2023

As the name suggests, tech pros are ready for deployment into staff augmentation gigs, or complex, whole team, solution-driven tech transformations.

Key Points: 
  • As the name suggests, tech pros are ready for deployment into staff augmentation gigs, or complex, whole team, solution-driven tech transformations.
  • Companies report the main problem with hiring tech talent is finding candidates who are qualified to do the job.
  • The result is fully vetted matches of tech talent to opportunities.
  • "Our biggest competitive advantage is that we are techies hiring techies," said president and co-founder Chase Morrow.

Enthusiast Gaming Provides Update on Senior Management Team and Board of Directors

Retrieved on: 
Monday, August 8, 2022

LOS ANGELES, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (Enthusiast Gaming or the Company) (NASDAQ:EGLX; TSX:EGLX), an integrated gaming entertainment company, is pleased to provide the following update on its senior management team and Board of Directors.

Key Points: 
  • LOS ANGELES, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (Enthusiast Gaming or the Company) (NASDAQ:EGLX; TSX:EGLX), an integrated gaming entertainment company, is pleased to provide the following update on its senior management team and Board of Directors.
  • Bill is the Co-Founder of Addicting Games (acquired by Enthusiast Gaming in 2021) where he previously oversaw the companys operations, growth strategies, and product development.
  • Bill joined Enthusiast Gaming in 2020 and has been a key leader for the Company, building out its global direct sales organization.
  • Enthusiast Gaming is an integrated gaming entertainment company, building the largest media and content platform for video game and esports fans to connect and engage worldwide.

Fractal, Twitch Co-Founder's Leading Marketplace for Gaming NFTs Launches Wallet For Web3 Gamers

Retrieved on: 
Friday, June 10, 2022

SAN FRANCISCO, June 10, 2022 /PRNewswire/ -- Fractal , the leading marketplace for gaming NFTs co-founded by Justin Kan, the co-founder of Twitch, today announced a new product, Sign In with Fractal: a digital crypto wallet for web3 gamers.

Key Points: 
  • SAN FRANCISCO, June 10, 2022 /PRNewswire/ -- Fractal , the leading marketplace for gaming NFTs co-founded by Justin Kan, the co-founder of Twitch, today announced a new product, Sign In with Fractal: a digital crypto wallet for web3 gamers.
  • Fractal is a marketplace for video game players to discover, buy and sell gaming NFTs.
  • Sign In with Fractal provides game players with a cryptocurrency wallet that makes it seamless to start playing web3 games, both on Fractal and within partner games.
  • Players are able to store and trade in-game assets, buy NFTs, and participate in Fractal tournaments using Sign in with Fractal.

Enthusiast Gaming Announces Settlement of Deferred Payments

Retrieved on: 
Friday, June 3, 2022

The Addicting Games deferred payments, Outplayed deferred and earn-out payments and Vedatis deferred payment (collectively, the Vendor Obligations) represented a total liability for the Company of more than US$40 million to be paid over a period lasting until December 2023, with the Vedatis 750,000 payment due in May 2022 and the first Addicting Games US$7 million payment due in September 2022.

Key Points: 
  • The Addicting Games deferred payments, Outplayed deferred and earn-out payments and Vedatis deferred payment (collectively, the Vendor Obligations) represented a total liability for the Company of more than US$40 million to be paid over a period lasting until December 2023, with the Vedatis 750,000 payment due in May 2022 and the first Addicting Games US$7 million payment due in September 2022.
  • The Outplayed earn-out shares specifically formed part of the negotiations due to Outplayeds post-closing site traffic performance consistently meeting or exceeding the targets for such earn-out payments.
  • Enthusiast Gaming is an integrated gaming entertainment company, building the largest media and content platform for video game and esports fans to connect and engage worldwide.
  • Through its proprietary mix of digital media and entertainment assets, Enthusiast Gaming has built a vast network of like-minded communities to deliver the ultimate fan experience.

Enthusiast Gaming Issues Statement Addressing Misleading, Baseless Letter from Activist Greywood Investments

Retrieved on: 
Wednesday, May 25, 2022

LOS ANGELES, May 24, 2022 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (NASDAQ:EGLX; TSX: EGLX), (“Enthusiast Gaming” or the “Company”), an integrated gaming entertainment company, today issued the following statement addressing the misleading and baseless letter to the Company’s board of directors (the “Board”) sent by activist investor Greywood Investments, LLC (“Greywood”).

Key Points: 
  • Enthusiast Gaming is well positioned to continue delivering rapid top line growth, while increasing gross profit at a significantly faster rate following strong Q1 results that beat consensus estimates
    LOS ANGELES, May 24, 2022 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (NASDAQ:EGLX; TSX: EGLX), (Enthusiast Gaming or the Company), an integrated gaming entertainment company, today issued the following statement addressing the misleading and baseless letter to the Companys board of directors (the Board) sent by activist investor Greywood Investments, LLC (Greywood).
  • Enthusiast Gaming regularly engages with its shareholders and continues to welcome constructive input focused on enhancing value.
  • Despite the unnecessary distraction caused by Greywood, the Companys Board and management remain focused on executing on our strategy, said John Albright, lead Director of Enthusiast Gaming.
  • Greywood has kept details about itself under wraps and there is no information on who controls Greywood, their operations, or track record.

Enthusiast Gaming Announces First Quarter 2022 Results

Retrieved on: 
Monday, May 16, 2022

LOS ANGELES, May 16, 2022 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (NASDAQ:EGLX; TSX:EGLX), an integrated gaming entertainment company, today announced financial results for the three months ended March 31, 2022 (“Q1 2022”).

Key Points: 
  • LOS ANGELES, May 16, 2022 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (Enthusiast Gaming or the Company) (NASDAQ:EGLX; TSX:EGLX), an integrated gaming entertainment company, today announced financial results for the three months ended March 31, 2022 (Q1 2022).
  • Q1 2022 gross profit was particularly strong and effectively equal to Q4 2021 gross profit, despite a strong seasonal difference between the two periods, commented Adrian Montgomery, CEO of Enthusiast Gaming.
  • Management will host a conference call and webcast on May 16, 2022, at 5:00 p.m. Eastern Time to review and discuss the first quarter 2022 results.
  • Enthusiast Gaming is an integrated gaming entertainment company, building the largest media and content platform for video game and esports fans to connect and engage worldwide.

Twitch Co-Founder Raises $35M Seed Round for Fractal, a New Marketplace for Gaming NFTs, from Paradigm and Multicoin Capital

Retrieved on: 
Friday, April 1, 2022

Fractal is a marketplace for video game players to discover, buy and sell gaming NFTs.

Key Points: 
  • Fractal is a marketplace for video game players to discover, buy and sell gaming NFTs.
  • Fractal recently released Fractal Launchpad, a new product that helps game companies sell their initial NFT collections to the public.
  • We are working with the best AAA gaming studios with large communities to bring the coolest game experiences to players.
  • "The Fractal team is supporting games that are creating truly open, decentralized economies," said Mable Jiang, partner at Multicoin Capital.

Enthusiast Gaming Reports Year-End 2021 Results

Retrieved on: 
Monday, March 28, 2022

LOS ANGELES, March 28, 2022 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (NASDAQ:EGLX; TSX:EGLX), an integrated gaming entertainment company, today announced financial results for the year ended December 31, 2021.

Key Points: 
  • 2021 Annual Revenue of $167.4 Million, Year-over-Year Increase of 130%
    2021 Gross Profit of $37.8 Million, Year-over-Year Increase of 102%
    2021 Annual Direct Sales of $22.2 Million, Year-over-Year increase of 344%
    LOS ANGELES, March 28, 2022 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (Enthusiast Gaming or the Company) (NASDAQ:EGLX; TSX:EGLX), an integrated gaming entertainment company, today announced financial results for the year ended December 31, 2021.
  • Direct sales are included in revenue
    Our momentum continues and we are pleased to confirm our record breaking results from Q4 2021, commented Adrian Montgomery, CEO of Enthusiast Gaming.
  • "Our higher yield and higher margin revenue streams are expanding, with noticeable impacts to the income statement," commented Alex Macdonald, CFO of Enthusiast Gaming.
  • Enthusiast Gaming is an integrated gaming entertainment company, building the largest media and content platform for video game and esports fans to connect and engage worldwide.