Good Gaming
Inc. Announces ViaOne Services' Intent to Purchase Up to 10% of Its
Common Shares in the Open Market
KENNETT SQUARE, PA -- January 16, 2025 -- InvestorsHub NewsWire --
Good Gaming Inc. (OTCQB:
GMER) (the "Company,") an innovative brand creating unique
interactive entertainment experiences since 2008, is pleased to
announce that ViaOne Services ("ViaOne"), already a substantial
investor in Good Gaming Inc., intends to purchase up to 10% of the
Company's shares in the open market in 2025.
ViaOne has been a steadfast supporter of Good Gaming Inc.,
demonstrating its continued commitment through substantial
financial backing, including financing exceeding $2 million, which
has now been converted into equity investments. This move
reinforces ViaOne's belief in Good Gaming Inc.'s potential and
aligns its interests with those of our shareholders. ViaOne plans
to increase its position as a major shareholder in the Company by
accumulating up to 10% of the outstanding shares in Good Gaming
Inc. Shares will be purchased in the open market and accumulated
over time.
The decision for ViaOne to increase its equity stake follows a
recent "Think Tank" session, where its brightest employees and
consultants collaborated to explore innovative paths for the
Company. The event resulted in a renewed vision for Good Gaming
Inc., aimed at addressing the growing challenges and opportunities
within the mobile app gaming sector. The Company identified what it
believes is a significant opportunity that has yet to be exploited,
particularly for global game developers, especially in the
"play-to-earn" and crypto spaces.
The mobile gaming industry is experiencing unprecedented growth,
particularly in the Web2 and Web3 markets. According to Statista,
the global mobile gaming market is projected to reach an astounding
$432 billion by 2028, with an estimated 1.9 billion gamers. The
Company believes that this creates a unique opportunity for Good
Gaming Inc. to capitalize on the surging demand for play-to-earn
mobile app games.
Looking forward, Good Gaming Inc. has made a strategic decision to
shift its focus from game development in 2024 toward marketing and
distributing globally recognized mobile app games to enhance its
presence in the U.S. market in 2025 and the foreseeable future.
This focus will be supported initially by partnerships with ViaOne
subsidiaries, enTouch Wireless and Assist Wireless, whose expertise
in cellular communications will be crucial in facilitating
marketing initiatives and the distribution of cellular devices
pre-loaded with popular games. However, there are plans to expand
their distribution capabilities through additional carriers as
well. .
"I am confident that Good Gaming is on the brink of an exciting
future," said Jordan Axt, CMO of Good Gaming Inc. "By learning from
our past experiences, focusing on our core strengths, and
leveraging current and future global partnerships, we believe that
we are well-positioned to seize several incredible
opportunities that lie ahead in the mobile gaming market." He also
stated, "As Good Gaming moves forward, we are enthusiastic about
our growth potential in the latter part of this year and the
valuable support from ViaOne Services, which continues to reinforce
our strategic endeavors."
For more information about Good Gaming Inc, please visit our
website:
https://www.good-gaming.com
For more information about ViaOne Services:
https://www.viaoneservices.com
Safe Harbor: This release
contains statements that constitute forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements appear in several places in this release
and include all statements that are not historical facts regarding
the intent, belief, or current expectations of Good Gaming Inc.,
its directors, or its officers with respect to, among other things:
(i) financing plans; (ii) trends affecting its financial condition
or results of operations; (iii) growth strategy and operating
strategy. The words "may," "would," "will," "expect," "estimate,"
"can," "believe," "potential," and similar expressions and
variations thereof are intended to identify forward-looking
statements. Investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, many of which are beyond Good Gaming
Inc.'s ability to control, and that actual results may differ
materially from those projected in the forward-looking statements
as a result of various factors. More information about the
potential factors that could affect the business and financial
results is and will be included in Good Gaming, Inc.'s filings with
the Securities and Exchange Commission, including those set forth
as "Risk Factors" in such filings.
Investor Contact:
Joseph M. Vazquez III
Phone: (888) 245-3005
Email: infinityglobalconsulting@gmail.com
