alpha esports tech

Alpha Esports Tech Shows Strong User Growth Through Its Global GaaS Services

The Company continues to onboard clients to GaaS, allowing for user acquisition opportunity across the globe

Alpha Esports Tech Inc. (CSE:ALPA)(FSE:5NP)(OTC PINK:APETF), ("Alpha" or the "Company") is providing an update on the launch of it's Gaming as a Service ("GaaS") software. GaaS allows organizations to easily increase their foothold within the esports space, as the Company creates, operates, and manages esports contests and tournaments on it's online platform, GamerzArena. Ultimately, GaaS allows the Company to access large and new user bases, and allows the partnering organization to enter into the esports sector, while also earning a revenue share through sponsorships and user acquisition

"There are many organizations across the world that want to capitalize on the growing esports industry, but simply do not have the resources or capabilities at this time," said interim CEO, Matthew Schmidt. "Through GaaS, we are able to target new user bases for GamerzArena by partnering with large organizations and we also offer incentives to these organizations through revenue splits for user acquisition and sponsorships."

Most recently, the Company has launched www.circuit.gg in partnership with Irony Inc. in India, a community first esports platform that is targeting Indian gamers. Before the launch, the Company and Irony completed a three month beta, including a Free Fire tournament in March 2021 that saw participation from over two hundred teams and saw the Company's userbase grow by more than 2000. With the official launch of www.circuit.gg, the Company anticipates a significant increase to it's userbase in India.

"The Gaming as a Service model offered by Alpha serves as a win-win partnership, which allows us to cater to India's gaming community with the customized platform, share revenues with Alpha, and both organizations grow their community of users," said Tushaar Garg, co-founder of Irony Inc.

"One of the best things about working with Alpha has been the customizable options offered by their GaaS model," said Ankit Bhatia, co-founder of Irony Inc. "We always intended to deploy Circuit as a community first platform and to that purpose, the GamerzArena platform has been a breeze to work with."

The Company also recently launched www.compete.gamerzarena.com in partnership with Devil's Child Management, an esports management and advisory firm in London. DCM has a large network of esports. entertainment, influencers and sports talent at their disposal, allowing Alpha to leverage further partnerships and user acquisition.

"The Alpha team is great and forward thinking," said Pat Nelson, Managing Director of Devil's Child Management. "They have created an innovative solution that we are excited to colloaborate on and work with our network of clients. Gaming as a Service helped us save costs on building our own platform and allowed us to focus on building unique partnerships in the esports space."

About Alpha Esports Tech Inc.

Alpha Esports Tech Inc. is a technology company that focuses on emerging industries in esports, mobile gaming, ecommerce and other high growth opportunities. Through a strong portfolio of technology assets and products such as GamerzArena, Alpha Esports Tech brings a unique mass-appeal focus to modern gaming platforms. Learn more at: www.alphatech.inc

Contact:

Investor Relations: ir@alphatech.inc - 604 359 1256
Media and Public Relations: media@alphatech.inc

On Behalf of The Board of Directors

John Anastas
Chairman and Director

Forward Looking Statement

This news release contains "forward-looking information" within the meaning of applicable securities laws relating to statements regarding the Company's business, products and future of the Company's business. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, the risks that the Company's products and plan will vary from those stated in this news release and the Company may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The statements in this news release are made as of the date of this release.

The CSE has not reviewed, approved or disapproved the content of this press release

SOURCE: Alpha Esports Tech Inc.



View source version on accesswire.com:
https://www.accesswire.com/654645/Alpha-Esports-Tech-Shows-Strong-User-Growth-Through-Its-Global-GaaS-Services

News Provided by ACCESSWIRE via QuoteMedia

The Conversation (0)
game controller

How to Invest in Esports

What’s the story behind esports, and why should market participants should consider investing?

Esports — or electronic sports — is competitive gaming. Just like traditional sports, some games are one-on-one, while others are team-based; however, these matches are played using computers or game consoles.

Esports fans can tune into these competitive events via a variety of streaming services such as the game-streaming service Twitch, which has seen a large jump in viewers and streamers since the COVID-19 pandemic. There were 2.44 million average concurrent viewers in May 2023 compared to 1.26 million in May 2019, and 6.82 million streamers in May 2023 compared to 3.93 million in May 2019.

Keep reading...Show less
4 Australian Esports Stocks

4 Australian Esports Stocks

With major esports tournaments getting sponsorships from multinational companies, including Disney (NYSE:DIS), Intel (NASDAQ:INTC) and Coca-Cola (NYSE:KO), the esports market and gaming industry continue to gain traction worldwide.

Esports Earnings notes that prize money worth over US$955 million has been awarded in the esports industry over two decades, based on available public records. The largest prize pool was worth more than US$34.33 million and was won in 2019 by the Dota 2 team OG at The International 8, the top Dota 2 tournament.

This year, Overwatch League has an impressive US$4.21 million in its prize pool. Overwatch League is Activision Blizzard’s (NASDAQ:ATVI) official esports league for its hit first-person shooter game Overwatch, and now its sequel Overwatch 2.

Keep reading...Show less
Canadian Esports Stocks: 3 Biggest Companies in 2022

Canadian Esports Stocks: 3 Biggest Companies in 2022

Canada’s role in esports is on the rise. It's home to 900 studios employing 28,000 game developers, and the gaming sector contributed C$5.5 billion to the country's gross domestic product in 2021.

The nation hosts three important arenas in the worldwide esports circuit, with OverActive Media (TSXV:OAM,OTCQB:OAMCF) planning to open a fourth 7,200 seat arena in Toronto by 2025.

Notably, Canada’s esports industry is attracting government funding, with the province of Ontario investing C$1 million in a post-secondary scholarship program aimed at supporting innovation in this growing segment.

Keep reading...Show less
4 Esports Facts Investors Should Know

4 Esports Facts Investors Should Know

Gaming has become a central part of life for people across the world, and in recent years the adjacent esports sector has caught the attention of investors interested in thetech space.

But esports is still a new market, and if you're new it’s good to start with the basics. Let’s take a look at four facts on how esports began, the industry’s rise in popularity and, of course, where this exciting scene is headed.

Keep reading...Show less
Eports Stocks: 3 Biggest Companies in 2022

Eports Stocks: 3 Biggest Companies in 2022

After a long time growing steadily on the sidelines, esports is coming into the limelight as a potential opportunity for tech-savvy investors. So what are some of the big esports stocks to watch?

As more institutional money enters the esports industry, stakeholders the world over are clamoring to claim their piece of the pie. Companies are focusing on diverse aspects of the sector — such as facilities for events and tournaments, merchandise, streaming platforms and advertising — meaning there are many ways to get involved.

Who could blame them? With esports revenue estimated to be worth US$2.8 billion by 2028, there’s a lot to go around. How can investors and speculators get in on the next big thing?

Keep reading...Show less
Esports Investing: The Next Big Thing?

Esports Investing: The Next Big Thing?

With tech giants like Facebook (NASDAQ:FB) and Netflix (NASDAQ:NFLX) suffering sizable losses in 2022, investors are looking at other places to put their money.

Could esports investing be the next big thing? Many insiders are pointing to esports as the sector to watch — but where is this interest coming from?

Read on for a brief look at the world of esports and why making an investment in this growing space could be worthwhile for those interested in the broader tech industry.

Keep reading...Show less

Latest Press Releases

Related News

×