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ESE’s Metaverse division partners with Metachain Technologies to develop applications on the blockchain and in the Metaverse, including token launches and NFTs

VANCOUVER, British Columbia, March 02, 2022 (GLOBE NEWSWIRE) -- ESE Entertainment Inc. (“ESE” or the “Company”) (TSXV: ESE) (OTCQB: ENTEF) is pleased to announce it has entered into a partnership with Metachain Technologies Inc. (“Metachain”), to expand on the Company’s current esports revenue streams.

Metachain is a privately-held technology company with years of technical experience in Metaverse-related technologies, including virtual reality, augmented reality, 3D design, blockchain and smart contract development, minting non-fungible tokens (“NFTs”), developing and launching cryptocurrency native tokens (“Tokens”) and decentralized finance applications (“DeFi”).

Konrad Wasiela, CEO of ESE commented “ESE is committed to increasing revenue opportunities within its current esports portfolio, and the creation of our Metaverse division announced on January 24th, 2022 solidifies our commitment. Monetization using the Metaverse requires a skillset that is not easy to find based on the current demand and access to human resources. Metachain Technologies provides the solution we are looking for based on their technical skills in all aspects of the Metaverse.”

Matt Connelly, CEO of Metachain commented “We have recruited a highly trained and functioning technical development team with experience in all aspects of the Metaverse. This allows us to attract high growth companies like ESE and assist them in increased revenue opportunities by accessing the Metaverse.”

Any issuance of NFTs or Tokens pursuant to the partnership with Metachain will be conducted in accordance with applicable securities law.

About Metachain Technologies Inc.
Metachain Technologies Inc. is a private company that is focused on developing technologies in blockchain, NFTs, cryptocurrency and the metaverse. Metachain’s mission is to help companies discover hidden revenue opportunities by way of tokenization, NFTs and fully utilizing the metaverse. For more information visit www.metachaintechnologies.com.

About ESE Entertainment Inc.
ESE is a Europe based entertainment and technology company focused on gaming and esports. The Company provides a range of services to leading video game developers, publishers, and brands by providing technology, infrastructure, and fan engagement services internationally. ESE also operates its own ecommerce channels, esports teams, and gaming leagues. In addition to the Company’s organic growth opportunities, the Company is considering selective acquisitions that align with its objective of becoming a dominant global player in esports technology and infrastructure. | www.esegaming.com

Forward-Looking Statements
This news release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments, performance or achievements that ESE anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking information. Such information may involve, but is not limited to, statements with respect to: ESE’s plans to enter into the Metaverse and blockchain space; the benefits to ESE of its partnership with Metachain; and the Company’s ability to increase revenue opportunities. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results "may", "could", "would", "might" or "will" (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of ESE to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to ESE, including information obtained from third-party industry analysts and other third-party sources, and are based on management's current expectations or beliefs regarding future growth, results of operations, future capital (including the amount, nature and sources of funding thereof) and expenditures. Any and all forward-looking information contained in this press release is expressly qualified by this cautionary statement. Trading in the securities of ESE should be considered highly speculative.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE ESE Entertainment Inc.
For further information about ESE, please contact:
Daniel Mogil, Investor Relations