New Wave Esports Completes Acquisition of Even Matchup Gaming Inc.

NOT FOR DISTRIBUTION IN THE U.S. OR OVER U.S. NEWSWIRES

TORONTO, Feb. 10, 2020 (GLOBE NEWSWIRE) -- Further to the press release dated December 2, 2019, NEW WAVE ESPORTS CORP. (the "Company" or "New Wave Esports") (CSE: NWES), an esports and competitive gaming company that provides capital and support services, is pleased to announce it has completed the acquisition of all of the issued and outstanding shares of Even Matchup Gaming Inc. (“EMG”) not previously held by New Wave Esports (the “Acquisition”). New Wave Esports previously held an 18% stake in EMG.  EMG is an esports events production and broadcast company based in Toronto, Ontario, Canada.

EMG highlights include:

• A Toronto-based leading esports and competitive gaming event organizer, broadcaster, and player management company that produces onsite and online tournaments.
• Focused on producing events within the fighting game community (FGC), such as Super Smash Bros., Street Fighter V, Tekken 7, Dragon Ball FighterZ, and more.
• Hosts 80+ events per year with two major events, Get On My Level and Let’s Make Moves.
• Get On My Level, an annual Super Smash Bros. tournament with an official Nintendo partnership, saw 2,100+ attendees and just under 1M livestream views on twitch.tv during its 2019 event - with projected increased attendance and viewership for its 2020 event.
• Let’s Make Big Moves, another annualized FGC event, saw just over 1,000 attendees with 344k+ Twitch impressions for its 2020 event.
• An annual growing audience of 7,400+ attendees, 25.8M+ social impressions, 5.5M+ YouTube views, and 1.8M+ Twitch livestream views.

“The EMG team is excited to be another wholly-owned company in the New Wave Esports portfolio,” says Joe Cribari, CEO of Even Matchup Gaming. “We have a great opportunity to build on the momentum of our existing 80+ annual live events as we reimagine esports event experiences in the fighting game community and beyond. By working with New Wave Esports’ other accretive portfolio companies, we are accelerating our business strategy by expanding through North America in 2020. We are looking forward to working closely with Dan Mitre and his team who share our vision and passion to grow the esports industry, starting with our passionate community.”