$ESE.V is up 10% today after providing their corporate update
Some highlights of the update:
-ESE Entertainment Inc. ( $ESE , $ENTEF) had quarterly revenues of $716,293, compared to $42,174 in year prior
-Their total assets this quarter are worth $6,087,941, compared to $842,093 in 2020
- After completing their "bought deal" public offering on July 19th ESE gained net proceeds of $7,870,955
It is important to note that ESE’s most recent consolidated quarterly financial results do not account for their earning after April 30, 2021
The update also summarized many big moves that ESE made this spring, including:
-The acquisition of World Performance Group Ltd.
- Signing an LOI to acquire Simulation Racing Company, Digital Motorsports
- Signing a content production contract with Electric Vault Sp. for a roll-out of a gaming and esports talent show
- launched the Rio Ave FC K1CK Cup, an FIFA 21 tournament in Rio
The report also highlighted ESE's future objectives:
- ESE will pursue new acquisitions
- They will continue to focus expansion on Europe and Asia but also have hopes to begin expanding into North America
- and they will continue to seek out strong partnerships with game developers, publishers, and media outlets
Overall great news for them. The spike in their stock price says it all.
Full article here:
https://www.globenewswire.com/news-release/2021/07/22/2267405/0/en/ESE-Entertainment-Provides-Corporate-Update.html