KENNETT SQUARE, Pa., Jan. 16, 2025 (GLOBE NEWSWIRE) — via IBN — Good Gaming Inc. (OTCQB: GMER) (the “Organization”), a pioneering brand delivering unique interactive entertainment experiences since 2008, is delighted to declare that ViaOne Services (“ViaOne”), already a significant backer of Good Gaming Inc., plans to acquire up to 10% of the Company’s shares in the open market throughout 2025.
ViaOne has been a reliable advocate for Good Gaming Inc., showcasing its ongoing dedication through substantial financial support, encompassing funding exceeding $2 million, which has now transitioned into equity investments. This action reinforces ViaOne’s confidence in Good Gaming Inc.’s potential and aligns its interests with those of our shareholders. ViaOne aims to enhance its stake as a principal shareholder by acquiring up to 10% of the outstanding shares in Good Gaming Inc. Purchases will be executed in the open market and amassed gradually.
The resolution for ViaOne to amplify its equity position comes after a recent “Think Tank” meeting, where its top employees and advisors collaborated to discover innovative avenues for the Company. The session yielded a refreshed vision for Good Gaming Inc., focusing on navigating the increasing challenges and prospects within the mobile app gaming industry. The Company identified what it perceives as a significant opportunity that remains untapped, particularly for global game developers, specifically in the “play-to-earn” and cryptocurrency domains.
The mobile gaming sector is witnessing unparalleled expansion, particularly in the Web2 and Web3 arenas. According to Statista, the global mobile gaming market is anticipated to reach a staggering $432 billion by 2028, with an estimated 1.9 billion gamers. The Company believes this creates a distinct opportunity for Good Gaming Inc. to leverage the escalating demand for play-to-earn mobile app games.
Looking ahead, Good Gaming Inc. has decided to strategically pivot its focus from game development in 2024 toward marketing and distributing widely recognized mobile app games to bolster its presence in the U.S. market in 2025 and beyond. This strategy will initially be supported by collaborations with ViaOne subsidiaries, enTouch Wireless and Assist Wireless, whose expertise in mobile communications will be vital in facilitating marketing campaigns and distributing mobile devices pre-loaded with popular games. There are also plans to broaden their distribution capabilities through additional carriers.
“I am optimistic that Good Gaming is approaching an exhilarating future,” stated Jordan Axt, CMO of Good Gaming Inc. “By learning from our previous experiences, concentrating on our core competencies, and utilizing existing and future global partnerships, we believe we are well-equipped to capitalize on multiple exceptional opportunities that lie ahead in the mobile gaming market.” He also mentioned, “As Good Gaming advances, we are excited about our growth potential in the latter part of this year and the invaluable support from ViaOne Services, which continues to bolster our strategic initiatives.”
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Safe Harbor: This announcement contains statements that constitute forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These remarks are present in several areas of this announcement and encompass all statements that are not historical facts regarding the intent, belief, or current expectations of Good Gaming Inc., its directors, or its executives concerning, among other factors: (i) financing intentions; (ii) trends impacting its financial standing or operational results; (iii) growth tactics and operational strategies. The terms “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential,” and similar expressions and variations thereof are intended to denote forward-looking statements. Investors are warned that these forward-looking statements are not assurances of future performance and involve risks and uncertainties, many of which extend beyond Good Gaming Inc.’s capacity to manage, and that actual outcomes may diverge materially from those anticipated in the forward-looking statements due to diverse factors. More details concerning potential factors that could influence the business and financial outcomes will be and have been included in Good Gaming, Inc.’s filings with the Securities and Exchange Commission, including those outlined as “Risk Factors” in such filings.
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