Gaming

  • The transaction is anticipated to strengthen X1's position in video game media, adding Shift's 30,000+ social media followers at twitter.com/ShiftRLE
  • Rocket League globally averages over 80M players per month 1
  • The acquisition is X1's second closed post IPO acquisition after the announcement of the closing of the Tyrus LLC acquisition on August 5 th 2022.

X1 Esports and Entertainment Ltd. (CSE:XONE) ("X1" or the "Company"), a video games and media portfolio company which owns and operates a growing Esports franchise and a leading creator economy business is pleased to announce, further to its news release dated July 25, 2022, it has closed its previously announced acquisition of the assets comprising of ShiftRLE ("Shift"), an online news outlet focused on the popular video game, Rocket League.

In connection with the acquisition of the assets comprising of the business of Shift, the Company has entered into consulting agreements with four vendors, who as key personnel will be responsible for the continued operation of Shift, and distributed to such persons 333,333 common shares in the capital of X1 with a deemed issue price of CAD$0.45 per common share (the "Consideration Shares"). In addition to the Consideration Shares, the Company is paying a cash purchase price to the vendors of US$50,000 cash, of which US$25,000 was paid in connection with the closing of the acquisition and US$25,000 payable within 45 days after the closing date. The vendors will also be eligible to receive earn-out payments for 36 months from the closing date as payment of a 7% share of gross revenues Shift earns to a maximum of US$250,000 (the "Earnout"). The Earnout may be paid in cash or common shares at the election of the Company, at a deemed price equal to the fourteen day trading price prior to the payment date or such other price as may be required by the policies of the Exchange .

The Consideration Shares will be subject to subject to a CSE imposed hold period of four months from the date of issuance, and a contractual resale restriction that will result in 25% of the Consideration Shares being released six (6) months following the closing date, and 25% being released at six (6) month intervals thereafter. For further information related to the acquisition terms, please the Company's news release dated July 25, 2022.

" We are thrilled to have closed on the Shift acquisition," said Mark Elfenbein, CEO of X1. " Not only has the Shift community grown considerably over the past year, but we believe that Rocket League has tremendous global appeal with fans looking for the content that Shift can offer."

Information Related to ShiftRLE

Las Vegas-based ShiftRLE, led by co-founders Achilleas Fotiou and Jalen Jones, has demonstrated consistent user audience growth since launching in 2020. Shift currently reaches over 8 million impressions during the seasonal period of RLCS, while seeing growth of 14 million impressions during transfer periods where the roster news cycle is most active. With operations in America and Europe, the organization has established an international presence in the Esports industry.

" As Rocket League continues its climb to becoming a household name in the esports and gaming worlds, our team at Shift will remain committed to being a part of it in multiple facets. X1's investment should not only reflect their belief in us, but the potential that Rocket League has as a whole. We're extremely excited to continue building Shift and to fully realize our aspirations of becoming that multimedia company that will stick around for years to come".

Rocket League is one of the world's leading esports 2 . With 5-minute games that feature non-stop action, the car-soccer hybrid game has seen significant growth with players across demographics since its launch, now seeing global averages of 80M players per month, according to Active Player 3 .

Shift is an independent news source for Rocket League fans. It first rose to prominence by getting exclusive, behind-the-scenes information on Rocket League roster moves and tryouts before they were public knowledge. Shift plays a key role in ensuring the conversation around Rocket League esports continues beyond the pitch through coverage and insight regarding roster transactions and general esport news, ensuring fans stay engaged even during slower competitive periods.

About X1

X1 Esports and Entertainment is a video game and media portfolio company which owns and operates a growing esports franchise, RixGG. The business of the Company is the competitive playing of video games by teams for cash prizes, and operations ancillary to such competition, such as merchandising and the hosting of tournaments.

For more information, please contact:

Mark Elfenbein

CEO and Director

info@X1Esports.com
www.X1Esports.com

FORWARD LOOKING STATEMENTS:

Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking information in this news release includes the the ability of ShiftRLE to integrate into the X1 portfolio as anticipated or at all, the growth of ShiftRLE and the establishment of ShiftRLE as a multimedia company with longevity in the space, and the achievement of any revenue by ShiftRLE. Important factors that could cause actual results to differ materially from the Company's expectations include the failure to satisfy the conditions of the relevant securities exchange(s) and other risks detailed from time to time in the filings made by the Company with securities regulations, as well as a failure to achieve the growth anticipated, together with or apart from Shift,, changing market and industry conditions, the ability of each of X1 and ShiftRLE to implement their respective business strategies, including expansion plans,, the continued relevance of ShiftRLE's media capabilities, competitive conditions, adverse industry events, availability of capital and financing as needed, and the continued relevance of Rocket League. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.


1 "Rocket League: Rocket League Live Player Count and Statistics", Active Player, https://activeplayer.io/rocket-league/ (accessed: July 22, 2022).
2 "Top 15 most popular PC games of 2022", Active Player, https://activeplayer.io/top-15-most-popular-pc-games-of-2022/ (accessed July 22, 2022).
3 See note 1.


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X1 Esports Enters Into Agreement to Acquire Assets of Rocket League Community, Octane.GG

X1 Esports Enters Into Agreement to Acquire Assets of Rocket League Community, Octane.GG

Following completion of the acquisition, X1 intends to merge media assets of Octane with recently acquired media assets of ShiftRLE into a new super destination for 80 million-strong Rocket League players and fan community.

  • The transaction is anticipated to strengthen X1's position in video game media, with Octane's 16,500 social media followers, and Shift's existing 40,000+ followers
  • Octane's unique Rocket League statistics database will allow new Shift/Octane hybrid the ability to launch Rocket League fantasy sports
  • Rocket League globally averages over 80M players per month
  • The acquisition will help deliver on X1's core strategic priorities of building a diverse portfolio of gaming-related assets and providing global brands with unique access to Gen Z audiences

X1 Esports and Entertainment (CSE:XONE; OTCQX: XOEEF; FSE: ZI0) ("X1" or the "Company"), a video games and media portfolio company, is pleased to announce it has entered into an asset purchase agreement (the "APA") to acquire Octane.GG ("Octane"), an online fan statistics platform focused on the popular video game, Rocket League.

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X1 Esports & Entertainment Ltd. Receives Approval to Trade in the U.S. on the OTCQB

X1 Esports & Entertainment Ltd. Receives Approval to Trade in the U.S. on the OTCQB

X1 Esports & Entertainment Ltd. (CSE: XONE) (" X1 " or the " Company "), a games & media portfolio company, is pleased to announce that its common shares (the " Shares ") have been approved for trading on the OTCQB Venture Market.

On August 4, 2022, the Company began to trade on the OTC Pinks. As of September 12, 2022, the Company's Shares will be upgraded to trade on the OTCQB under the ticker symbol ‘XOEEF'. The Company's Shares will continue to trade on the Canadian Securities Exchange under the symbol "XONE".

Mark Elfenbein, Chief Executive Officer of X1 Esports and Entertainment Ltd., commented, "Listing X1 Esports and Entertainment Ltd. on the OTCQB provides easier access for US institutions and retail investors. In addition, the OTCQB listing is anticipated to enhance liquidity and broaden the Company's shareholder base."

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X1Esports Closes the Acquisition of Tyrus LLC as the Company Builds a Leading Video Games and Creator Economy Business

X1Esports Closes the Acquisition of Tyrus LLC as the Company Builds a Leading Video Games and Creator Economy Business

  • Acquisition is intended to expand X1 Esports' reach into Gen Z demographic and add additional revenue streams
  • Tyrus' talent operates as a digital influencer management firm, and is specializing in working with YouTube, TikTok, and Twitch content creators, brand ambassadors and brands across all social media channels
  • Tyrus' client roster of over 60 high profile content creators have a combined reach of over 20 million followers
  • Tyrus has worked with leading global brands including: Warner Brothers, OMEN, Best Buy, Hello Fresh, and Panera to reach into the Gen Z demographic of its content creators

X1 Esports and Entertainment Ltd. (CSE:XONE) ("X1" or the "Company"), a video games and creator economy portfolio company which owns and operates a growing Esports franchise, is pleased to announce the closing of the previously announced transaction with Tyrus LLC ("Tyrus"), an influencer management firm empowering gamers, content creators and influencers ("the Transaction"). On closing of the Transaction, the Company holds all issued and outstanding securities of Tyrus, which will operate as a subsidiary of X1.

" The Tyrus Transaction offers tremendous opportunity for X1 to partake in the growing global creator economy which is an industry of over 50 million individual content creators 1 where Tyrus is extremely well-positioned ," said Mark Elfenbein, CEO of X1 . " The video game category has been a top category of the creator economy and has largely benefited the growth of the video game industry recently."

In connection with the closing of the Transaction, Tyrus' Manager, Amanda Solomon, will also join the X1 Advisory board. Amanda is an accomplished leader specializing in gaming and Esports, and has driven brand integration, influencer marketing campaigns, and talent partnerships with well-known companies and brands including Epic Games, OnePlus, and Gucci.

Since 2017, Tyrus has built a client roster of over 60 high profile content creators (iambrandon, Catiosaurus, Kalief (Spawn on Me) & Friskk) with a combined reach of over 20 million followers 2 . Tyrus provides comprehensive management of YouTube, TikTok, Twitch and other social media channels as well as consultation on personal brand growth strategies and partnership management and has grown since April 2021 from a roster of seven talent, to August of 2022 with a roster of 65 talent.

"Becoming part of the X1 family will allow Tyrus to extend its reach and engage with new and exciting talent in the gaming and esports community," said Amanda Solomon, CEO of Tyrus. "The talent and diversity of our influencer roster is something we take great pride in. I look forward to growing our presence in this space and providing unique access for global brands to a highly influential GenZ audience".

Transaction Terms

Pursuant to the terms of a membership interest purchase agreement dated July 15, 2022, the Company acquired 100% of the issued and outstanding membership interest of Tyrus for total consideration of up to approximately US$350,000 (the "Purchase Price"). The Purchase Price is divided into the following payments: i) US$150,000 in cash payments due within 60 days of closing; and ii) 555,555 fully-paid common shares in the capital of the Company at a deemed issue price of $0.45 per Common Share, which were issued on closing of the Transaction. In addition, a bonus payment of US$100,000 may be payable if Tyrus reaches US$1,750,000 in its first full year of revenue, which may be settled in cash or Common Shares at the option of the Company.

The Common Shares forming part of the Purchase Price are subject to subject to a statutory hold period of four months and one day from the date of issuance, and a contractual resale restriction that will result in 25% of the Common Shares being released twelve (12) months following the closing date, and 25% being released at six (6) month intervals thereafter.

The securities of the Company referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws. Accordingly, the securities of the Company may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of any offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.

For more information, please contact:

Mark Elfenbein
CEO and Director
info@X1Esports.com
www.X1Esports.com

About X1
X1 Esports and Entertainment Ltd. is a video game and media portfolio company which owns and operates a growing esports franchise, RixGG. The business of the Company is the competitive playing of video games by teams for cash prizes, and operations ancillary to such competition, such as merchandising and the hosting of tournaments.

For more information on the Company, visit www.X1Esports.com or email info@X1Esports.com.

About Tyrus
Tyrus, and its talent services, is a boutique talent management group for digital content creators. Specifically, we work with creators in the gaming and lifestyle verticals, providing creators with paid opportunities from free game codes to booking for live shows and paid partnerships around the globe. We also offer more integrated services such as social media management, platform management, video editing, and short form content editing. To put it simply, Tyrus supports our creator's business with expert knowledge and management of partnerships and activations with major companies.

Forward-looking information
All information contained in this news release with respect to the Company and Tyrus was supplied by the parties, respectively, for inclusion herein, and the Company and its respective directors and officers have relied on Tyrus for any information concerning such party.

Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the failure to satisfy the conditions of the relevant securities exchange(s) and other risks detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.

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X1 Esports Enters Into Agreement to Acquire Assets of Rocket League Community, ShiftRLE

X1 Esports Enters Into Agreement to Acquire Assets of Rocket League Community, ShiftRLE

On completion of the acquisition, ShiftRLE is intended to expand X1 ' s global video games portfolio with media property seeing strong user engagement and growth

  • The transaction is anticipated to strengthen X1's position in video game media, adding Shift's 30,000+ social media followers at twitter.com/ShiftRLE
  • Rocket League globally averages over 80M players per month 1
  • The acquisition will help deliver on X1's core strategic priorities of building a diverse video game ecosystem portfolio and providing global brands with access to Gen Z audiences

X1 Esports and Entertainment (CSE:XONE) ("X1" or the "Company"), a video games and media portfolio company which owns and operates a growing Esports franchise, is pleased to announce it has entered into an asset purchase agreement (the "APA") to acquire ShiftRLE ("Shift"), an online news outlet focused on the popular video game, Rocket League.

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X1 Esports Enters into Agreement to Acquire Tyrus Talent Services to Enter Creator Economy Market

X1 Esports Enters into Agreement to Acquire Tyrus Talent Services to Enter Creator Economy Market

  • Acquisition is intended to expand X1 Esports' reach into Gen Z demographic and add additional revenue streams
  • Tyrus Talent Services is a digital influencer management firm specializing in working with YouTube, TikTok, and Twitch content creators, brand ambassadors and brands across all social media channels

X1 Esports and Entertainment Ltd. (CSE:XONE) ("X1" or the "Company"), an esports portfolio company which owns and operates a growing esports franchise, is pleased to announce entry into a definitive agreement, pursuant to which X1 intends to acquire Tyrus, LLC, ("Tyrus"), an influencer management firm empowering gamers, content creators and influencers.

"The Tyrus platform expertly bridges the gap between international brands and the gaming ecosystem," said Mark Elfenbein, CEO of X1. " The addition of the Company to our portfolio, will help to establish X1 as an advertising sales organization with access to some of the most sought-after content creators in the video games category."

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Kapital DAO, The Leader in Web3 Gaming Asset Management Tech, Announces Funding Support From Web3 Leaders Including Polygon Ventures, Solana Foundation, and Algorand Foundation

The round also comes with backing from major games and guilds, most notably YGG

The Kapital DAO announced today the close of its latest raise, with participation from Polygon Ventures, the Algorand Foundation, and the HBAR Foundation, with grants from the Solana Foundation and NEAR. Also involved were prominent investors such as Yield Guild Games (YGG), Samsung NEXT, GSR, Wintermute Ventures, Keyrock, and Portofino. Gaming strategic partners include Splinterlands, Shrapnel, and Blocklords. The Kapital DAO will also receive ongoing advisory from YGG and Floating Point Group (FPG) along with the leaders of Illuvium, Laguna Games, and Digital Insight Games (DIG). The DAO is expected to vote to drive the funding toward further development and scaling of its technology, which enables institutional-grade asset management for web3 gaming organizations. The Kapital DAO plans to deploy its technology closely with these strategic partners to increase the amount of institutional capital and players flowing through partnered ecosystems. This raise comes at a critical juncture as web3 gaming and large DAOs begin to focus on their key issues with scaling operations and security.

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Mistplay places No. 6 on The Globe and Mail's fourth-annual ranking of Canada's Top Growing Companies

Mistplay is pleased to announce it placed No. 6 on the 2022 Report on Business ranking of Canada's Top Growing Companies.

Mistplay ranked 6th fastest growing company in Canada. (CNW Group/Mistplay)

Canada's Top Growing Companies ranks Canadian companies on three-year revenue growth. Mistplay earned its spot with three-year growth of 4,707%. Its loyalty platform continues to scale as the market leader while empowering millions of gamers to earn rewards by playing mobile games. Alongside strong revenue growth, lifetime installs of the app increased by 53% over the prior year in part driven by launching in South Korea , further expansion into Europe , new product features, and fortified operations in core markets.

Henri-Charles Machalani , Founder and CEO of Mistplay, says, "What excites me the most about this growth achievement is that it means we're reaching more and more players on a global scale every year. Loyalty gaming is truly a game changer for the industry and our team is incredibly proud to be pioneering the path forward in order to drive continuous value to as many gamers and publishing partners as possible."

Mistplay looks ahead to its next phase of growth with its recent appointment of seven senior executives, scaling its existing loyalty platform, and bringing to market new category-defining products for the mobile gaming industry.

Canada's Top Growing Companies is an editorial ranking that was launched in 2019. It aims to celebrate the boldest entrepreneurial achievement by identifying and bringing the accomplishments of innovative businesses in Canada to the forefront. In order to qualify for this voluntary programs; companies had to complete an in-depth application process and fulfill requirements. In total, 430 companies earned a spot on this year's ranking.

The full list of 2022 winners along with editorial coverage is published in the October issue of Report on Business magazine. The list is out now and online here: https://bit.ly/canadas-top-growing-companies

" Canada's Top Growing Companies recognizes the tremendous ambition and innovation of entrepreneurs in Canada ," says Dawn Calleja , Editor of Report on Business magazine. "The next generation of Canadian businesses can draw inspiration from this ranking."

"In an uncertain world, the success stories of the companies marked in this year's Report on Business magazine's list of Top Growing Companies are a beacon of optimism," says Phillip Crawley , Publisher and CEO of The Globe and Mail. "The Globe and Mail congratulates them on their achievements."

About The Globe and Mail

The Globe and Mail is Canada's foremost news media company, leading the national discussion and causing policy change through brave and independent journalism since 1844. With our award-winning coverage of business, politics and national affairs, The Globe and Mail newspaper reaches 5.9 million readers every week in our print or digital formats, and Report on Business magazine reaches 2.3 million readers in print and digital every issue. Our investment in innovative data science means that as the world continues to change, so does The Globe. The Globe and Mail is owned by Woodbridge , the investment arm of the Thomson family.

About Mistplay

Mistplay is the leading play-and-earn and game discovery platform for mobile gamers. With over 25 million downloads to-date, players around the world engage with Mistplay to discover new games and get rewarded while playing. To learn more, visit www.mistplay.com .

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/mistplay-places-no-6-on-the-globe-and-mails-fourth-annual-ranking-of-canadas-top-growing-companies-301632347.html

SOURCE Mistplay

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OLG HELPS IMMORTALIZE THE CHATHAM COLOURED ALL-STARS BASEBALL TEAM

OLG partners with MLB to revive the 1930's
Championship Ontario Baseball TEAM
through a popular video game and powerful film at
olg.ca/ChathamPlaysOn

Reviving and celebrating Ontario history on the baseball field and in a video game! Ontario Lottery and Gaming Corporation (OLG), in partnership with Major League Baseball (MLB), is immortalizing the 1934 Chatham Coloured All-Stars - the first all-Black team to win an Ontario Baseball Association Championship in a very unique way. OLG and MLB are bringing the team's memory back to life through baseball's most popular video game, MLB The Show 22.

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FEATURE³ BRINGS THE METAVERSE INTO YOUR LIVING ROOM

The First Blockchain-Enabled Streaming Device Combines Content, Social,
And Gaming Into a Unique, Connected Experience That Transforms Entertainment

Feature introduces Feature³ the world's first blockchain-enabled streaming device, combining three products - a revolutionary streaming service driven by content from world-class creators, an immersive, real-time social media experience, and a GPU-enabled gaming platform. Feature³ is a new experience that ushers in the future of entertainment, providing a portal into new worlds by bringing the metaverse off the computer and into the living room.

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UK Startup Hadean raises a $30M Series A to power the metaverse

Epic Games, 2050 Capital, and Alumni Ventures join Hadean's global investors to support the company's metaverse infrastructure technology.

London -based deep tech start-up, Hadean has secured $30 million in funding to build out its record-breaking metaverse infrastructure technology - already supporting virtual worlds in immersive entertainment and enterprise digital twins.

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Playtika Provides Update on Shares Tendered to Date in its Tender Offer for its Common Stock

Playtika Holding Corp. (NASDAQ: PLTK) (" Playtika "), a mobile gaming entertainment and technology market leader with a portfolio of multiple game titles, today provided an update on the number of shares of Playtika's issued and outstanding common stock, par value $0.01 per share (each, a " Share ," and collectively, " Shares ") tendered to date in its previously announced tender offer for the purchase of up to 51,813,472 Shares at a price of $11.58 per Share.

Playtika has conducted the tender offer in accordance with the terms and subject to the conditions described in the offer to purchase, dated August 29, 2022 , the related letter of transmittal and other related materials, as each may be amended or supplemented from time to time.

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