Enthusiast Gaming Completes Direct Sales Business Divestment

TORONTO, Sept. 02, 2025 (GLOBE NEWSWIRE) — Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX:EGLX) right this moment introduced that it has accomplished its beforehand introduced transaction (the “Transaction”) with Vertiqal Studios Corp. (“VSC”) for the sale of its direct gross sales enterprise line and associated entities (the “Direct Sales Business Line”). The Transaction closed on August 30, 2025.

“This transaction is a significant step forward and marks the beginning of a new era for Enthusiast Gaming,” mentioned Alex Macdonald, Chief Executive Officer of Enthusiast Gaming. “We know who we are and our strategy is clear: we build the tools, platforms, and experiences that make every moment of play more meaningful, and we will win by investing in properties that serve gamers directly, expanding our IP, and continuing to execute on our product-first vision. With our business now aligned around our core strengths, and with a strengthened balance sheet, we are now fully focused on executing this strategy and capitalizing on the many core growth opportunities we have already identified across both audience and revenue.”

As disclosed within the Company’s August 19, 2025, press launch, below the phrases of the Transaction, VSC acquired the Direct Sales Business Line, together with Omnia Media Inc. and GameCo Esports Canada Inc. (collectively, the “Acquired Entities”), for money consideration of C$900,000, which had been paid to the Company as a non-refundable deposit to safe the Transaction, in addition to the idea of all current and ongoing liabilities of the Direct Sales Business Line and Acquired Entities as of closing. As of June 30, 2025, the web legal responsibility place of the Direct Sales Business Line and bought entities being assumed by VSC would have been roughly US$2.6 million.

The Transaction is predicted to end in roughly C$10 million of price financial savings on an annual foundation, leading to materials enhancements in Adjusted EBITDA, whereas offering over C$4.5 million of stability sheet enchancment and different important working capital advantages to the Company.

Following the closing of the Transaction, the Company stays centered on working and increasing its worthwhile portfolio of digital belongings, together with main gaming properties resembling U.GG, Icy-Veins, TheSimsResource, Addicting Games, PocketGamer, Fantasy Football Scout, LiveFPL, GameKnot, PoE-Vault, ProBuildStats, TrackLock.gg, EV.IO, Arcade Cloud, and The Countdown, amongst others, in addition to the Company’s world B2B occasion sequence, PocketGamer Connects, which properties and occasions symbolize the Company’s net programmatic promoting, subscription, and occasions income streams.

About Enthusiast Gaming
Enthusiast Gaming builds instruments, platforms, and experiences that make each second of play extra significant. Its portfolio of owned and operated digital properties contains a few of the most recognizable names in gaming, resembling U.GG, Icy-Veins, TheSimsResource, PocketGamer, and Addicting Games, in addition to the worldwide B2B occasion sequence PocketGamer Connects. Through these belongings, Enthusiast Gaming generates income from programmatic promoting, subscriptions, and occasions, and is concentrated on increasing its owned IP and deepening direct engagement with its viewers.

Contacts
Enthusiast Gaming: Alex Macdonald, Chief Executive Officer

Investors: [email protected]
Media: [email protected]

Forward Looking Information

This information launch accommodates sure statements that will represent forward-looking data below relevant securities legal guidelines. All statements, aside from these of historic reality, which handle actions, occasions, outcomes, outcomes, developments, efficiency or achievements that Enthusiast Gaming anticipates or expects could or will happen sooner or later (in complete or partly) must be thought-about forward-looking data. Often, however not at all times, forward-looking data could be recognized by means of phrases resembling “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (together with detrimental variations) of such phrases and phrases, or statements fashioned sooner or later tense or indicating that sure actions, occasions or outcomes “may”, “could”, “would”, “might” or “will” (or different variations of the foregoing) be taken, happen, be achieved, or come to move. Forward-looking statements on this information launch embrace, however aren’t restricted to, statements concerning anticipated future price financial savings and different monetary advantages associated to the Transaction.

Forward-looking statements are primarily based on assumptions and analyses made by the Company in gentle of its expertise and its notion of historic developments, present circumstances and anticipated future developments, together with, however not restricted to, expectations and assumptions regarding curiosity and international trade charges; capital efficiencies, price saving and synergies; progress and progress charges; the success within the esports and media business; and the Company’s progress plan. While Enthusiast Gaming considers these assumptions to be cheap, primarily based on data at present obtainable, they might show to be incorrect. Readers are cautioned to not place undue reliance on forward-looking statements. In addition, forward-looking statements essentially contain identified and unknown dangers, together with, with out limitation, dangers related to normal financial circumstances; the timing and submitting of the ultimate base shelf prospectus and corresponding Registration Statement; the potential providing of any Securities by the Company; uncertainty with respect to the completion of any future providing; the flexibility to acquire relevant regulatory approvals for any contemplated choices; the flexibility of the Company to barter and full future funding transactions; antagonistic business occasions; and future legislative, tax and regulatory developments. Readers are cautioned that the foregoing checklist is just not exhaustive. For extra data on the danger, uncertainties and assumptions that would trigger anticipated alternatives and precise outcomes to vary materially, please consult with the general public filings of Enthusiast Gaming which can be found on SEDAR+ at www.sedarplus.ca. Readers are additional cautioned to not place undue reliance on forward-looking statements as there could be no assurance that the plans, intentions or expectations upon which they’re positioned will happen. Such data, though thought-about cheap by administration on the time of preparation, could show to be incorrect and precise outcomes could differ materially from these anticipated. Forward-looking statements contained on this information launch are expressly certified by this cautionary assertion and replicate our expectations as of the date hereof, and thus are topic to vary thereafter. Enthusiast Gaming disclaims any intention or obligation to replace or revise any forward-looking statements, whether or not because of new data, future occasions or in any other case, besides as required by relevant legislation.

Neither the TSX Exchange nor its Regulation Services Provider (as that time period is outlined within the insurance policies of the TSX Exchange) accepts duty for the adequacy or accuracy of this launch.