Advisory services will continue as Champion Gaming seeks to expand its mainstream media and premium content offerings
Louisville, Kentucky – March 3, 2022 – Champion Gaming Group Inc. (formerly Prime City One Capital Corp.) (TSXV: WAGR) (“Champion of the game“or the”Company”), announced today that EdjSports LLC (“EdjSports”), Champion Gaming’s first sports intelligence subsidiary that leverages its predictive and prescriptive analytical models and win probability apps, has renewed a contract with one of its main customers (the “Client”). The renewal agreement marks the continuation of specialist consulting services provided by EdjSports related to the development of model and code improvements, a copy of which belongs to the Client and is used in the sports market building services. The agreement provides for a one-time cash payment of $445,243 upon execution, which includes a portion of fees for services provided in the normal course and a portion of fees for the transition and solicitation of certain EdjSports employees by the Client over the first half of the year. The duration of the agreement runs until February 11, 2023 or the date on which EdjSports and the Customer mutually agree that the transition is complete.
“This renewal agreement is a testament to the capabilities of the EdjSports team,” said Ken Hershman, co-founder and CEO of Champion Gaming. “We are excited about the opportunity to continue to provide short-term specialist advisory services, while being able to continue to build our consumer-facing capabilities.”
The Company also announced that it has granted 250,000 options to purchase common shares of the Company exercisable until February 8, 2023 at a price of $0.30 per common share to a consultant of the Company. Common shares issuable upon exercise of stock options are subject to a four-month holdback from the date of initial grant.
About Champion Gaming
Champion Gaming is a sports content, data and analytics company that provides predictive and prescriptive analytical models and win probability applications and statistics in the sports industry for teams, media, fans and fans. punters. The sports data and analytics solutions currently offered by Champion to its customers include a fully customized probability engine, interactive sports fixture models, splits and over/undersplits, sports statistics and historical data statistics.
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or the future performance of the Company. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “may”, “planned”, “estimated” and expressions and similar statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current beliefs or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this press release contains forward-looking information regarding the Company’s ability to successfully manage the risks inherent in pursuing business opportunities in the online gaming industry, and the Company’s ability to obtain qualified personnel, timely equipment and services. and profitable to grow its business, the state of capital markets and the impact of the COVID-19 pandemic. Various assumptions or factors are generally applied in drawing conclusions or making the forecasts or projections set forth in forward-looking information. These assumptions and factors are based on information currently available to the parties. Forward-looking information necessarily involves known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These risks and factors include, but are not limited to, the risk that the Company’s management may not be able to obtain qualified personnel, equipment and services in a timely and cost-effective manner to develop its activities. The forward-looking information contained in this release is made as of the date hereof, and the parties undertake no obligation to update or revise the forward-looking information, whether as a result of new information, future events or otherwise, except if required by securities laws. Due to the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
For more information, please contact:
HPL Digital Sports
VP of Communications
Phone. : 212.931.6143
E: [email protected]
Champion Gaming Group Inc.
Phone. : 502.510.1505
E: [email protected]
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