Company News

GameSquare Esports Inc. (CSE: GSQ; FRA: 29Q1) (" GameSquare ", " GameSquare Esports " or the " Company "), an international gaming and esports company, congratulates the REC.LGD team for outstanding results at the CrossFire Mobile League (" CFML ") and the CrossFire Pro League (" CFPL ") Grand Final held in China. The team won its second consecutive season in the CFML, overcoming eStar Gaming in an exciting league final and the CFPL team placed second in their grand final against All Gamers. The team has shown steady progress throughout the season and receives prize money of 1,750,000 RMB for their efforts in the grand final matches and throughout the CrossFire seasons. CrossFire is one of the biggest games globally with a lifetime total of 1 billion users in 80 countries worldwide.

"I am thrilled by the hard work that the team has put into making this season a massive success," said Justin Kenna, CEO of GameSquare. "Finishing first and second in the CrossFire Mobile League and CrossFire Pro League is a great accomplishment for the players and a reflection of the skill, the talent and the dedication required to play esports at the highest level. We know that there is a massive opportunity in China and we expect the continued success of the REC.LGD team will help to increase awareness and to grow meaningful relationships with brands seeking to bridge the gap to the large gaming and esports communities in Asia and globally."

About GameSquare Esports Inc.

GameSquare Esports Inc. is an international gaming and esports company headquartered in Toronto, Canada. The Company is seeking to acquire additional assets and entities serving the gaming and esports markets and, more broadly, in sports and entertainment. GameSquare's acquisition of Code Red Esports Ltd. (" Code Red "), an esports talent agency, provided an initial foothold in Europe through its UK operations. Code Red represents leading on-screen talent, players and influencers and works with leading global brands to develop influencer campaigns and esports marketing strategies. The Company's second acquisition of Reciprocity Corp. provides access to Asia, Latin America and North America. Its gaming and esports assets include: a CrossFire franchise in China that it owns with its partner LGD Gaming, a 40% interest in a League of Legends team that competes in Latin America, and, its wholly owned subsidiary corporation, Gaming Community Network (" GCN "), a digital media company focusing on the gaming and esports audience based in Los Angeles, USA.

Contact

For further information, please contact Kevin Wright, President of GameSquare Esports Inc.:

Email: kevin@gamesquare.com
Phone: (416) 861-2267

Forward-Looking Information

This news release contains "forward-looking information" and "forward-looking statements" (collectively, " forward-looking statements ") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the business and operations of the Company, and the Company's ability to execute its business plan, including its ability to grow relationships with brands in Asia and globally. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, GameSquare assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

Neither the Canadian Securities Exchange (" CSE ") nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.


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CoinSmart Announces Q1 2022 Financial Results

CoinSmart Announces Q1 2022 Financial Results

Coinsmart Financial Inc. ("CoinSmart" or "CFI") (NEO: SMRT) (FSE: IIR), a leading Canadian headquartered crypto asset trading platform, announces the release of its condensed  interim consolidated financial statements for the three months ended March 31, 2022 and related management discussion and analysis. These documents will be posted on CoinSmart's website at www.coinsmart.cominvest and SEDAR at www.sedar.com .

CoinSmart Financial Inc. (CNW Group/CoinSmart)

CoinSmart's Q1 2022 Highlights 1 :

  • Q1 2022 Gross Revenue reached $4 .2MM growing 15% YoY
  • Over the Counter Trading volume reached $113MM Growing 89 % YoY
  • Registered Users reached over 216,000 growing 191% YoY
  • Assets Under Management (AUM) reached $74 .8MM Growing 99.5% YoY
  • Company Treasury reached approximately $19MM
  • No Debt

Other CoinSmart Q1 2022 Corporate Highlights

  • Acquired over 33,700 new registered users
  • Outperformed overall crypto market by ~9% from Q4 2021 to Q1 2022 (Top 10 crypto exchange trading volume declined by ~37.7% 2 , CoinSmart retail trading volume declined by ~29%)
  • Expanded Retail and Over the Counter Trading to additional European Countries.
  • Launched an API for SmartPay as well as an SDK to make implementation easy for developers. SmartPay is a robust crypto payments processing and invoicing platform.
  • Launched new iOS and Android Mobile Apps.

CoinSmart CEO Justin Hartzman commented :

"Q1 2022 saw continued year over year growth during a quarter that experienced high volatility. I am extremely proud that our team was able to execute and continue growing our user base, ship new products and help the crypto curious enter the market. The decision to not only focus on the retail platform growth but to diversify over a number of business lines has helped our continued YoY growth against the headwinds of a poor macroeconomic environment. Q1 was highlighted by growth in Over the Counter Trading as we acquired new HNWI and institutional clients. We're looking forward to further expansion in crypto payment products and geographies as we move into Q2 2022."

CoinSmart is a leading Canadian-headquartered crypto asset trading platform dedicated to providing customers with an intuitive way for buying and selling digital assets, like Bitcoin and Ethereum. CoinSmart is one of the few crypto asset trading platforms in Canada to be registered as a securities dealer and marketplace with the Ontario Securities Commission. CoinSmart is also one of the first Canadian headquartered trading platforms to have an international presence, accepting customers across 40+ countries at a time when the digital asset industry continues to rapidly expand.

CoinSmart further builds on its mission to make cryptocurrency accessible by providing educational resources tailored to every level of cryptocurrency knowledge and unparalleled 24/7 omni-channel customer support. Offering instant verification, industry leading cold wallet storage, advanced charting with order book functionality and over-the-counter premium services, CoinSmart ensures every client's needs are met with the highest level of quality and care. For more information please visit https://www.coinsmart.com/ .

Connect with CoinSmart: Website | LinkedIn | Twitter | Instagram | Facebook

_____________________________

1 All figures are preliminary, unaudited and subject to final adjustment.


2 Coingecko Q1 2022 Cryptocurrency Report


SOURCE CoinSmart

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2022/16/c8355.html

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