LAS VEGAS, NV--(Marketwired - Jun 5, 2017) - American Leisure Holdings, Inc.'s GG Media Network (OTC: AMLH) is pleased to
announce the Company has entered into negotiations with Hollywood Riviera Studios to partake in an equity swap. The agreement is
designed to stimulate near-term growth and increase shareholder value as the Company works to establish a competitive advantage
in the overall esports industry.
"We are building an esports production company for gamers, fans and enthusiasts who expect high-quality content on any
platform at any time," said Christian Bishop, chief executive officer, GG Media Network. "Hollywood Riviera Studios shares our
vision. We look forward to continuing our strong, productive relationship as we make significant strides in the delivery of
programming that is fresh, entertaining and engaging."
Current terms under discussion include the Company receiving up to a 25 percent participation stake in Hollywood Riviera
Studios' studio production and mobile business which yields annual revenues of approximately $4.5 million.
"GG Media Network has an exciting vision for what it wants to achieve in the esports industry," said Rolando Nichols, chief
executive officer, Hollywood Riviera Studios. "As a business leader and entertainment industry veteran, I see the potential
esports has to capture and hold the attention of an audience. I am excited to be working with a company on the leading edge of
innovative program development and content delivery."
According to recent reports, including the Newzoo 2017 Global Esports Market Report issued in February, the coming year will
see the esports Economy grow to $696 million, a year-over-year increase of 41.3 percent. Over the course of the year, non-endemic
brands are expected to spend $517 million across three areas:
- $155 million, advertising
- $266 million, sponsorship
- $95 million, media rights
By 2020, non-endemic brand investment in esports is expected to double, pushing the total market to $1.5 billion.
Consumer spending this year on tickets and merchandise is expected to reach $64 million. Reports indicate game publishers will
invest about $116 million in the esports industry through partnership deals with white-label organizers. As esports is becoming
engrained in competitive games, studies show, publishers are looking to grow their franchises to include opportunities for
spectators with the aim to engage their current fans, and reach new ones.
Negotiations with Hollywood Riviera Studios begin in the wake of the Company's previous announcement confirming Hollywood
Riviera Studios commitment to provide non-dilutive financing and services. Hollywood Riviera Studios, founded by industry veteran
and major broadcaster Rolando Nichols, specializes in stage rentals with HD control rooms, esports productions, live in-studio
shows, transmission, and mobile production truck rentals. Hollywood Riviera Studios also plans to add a second mobile production
vehicle that will enable the companies to meet the increased demand being generated by contracts with major studios and
networks.
Additional Debt Financing Information
As part of its negotiations with Hollywood Riviera Studios, the Company has also entered discussions with debt
holders toward a scenario that will be advantageous to operations and overall shareholder value.
About Hollywood Riviera Studios
In an endlessly changing world where cutting-edge is paramount for Media Production, Hollywood Riviera Studios
offers a streamlined, state-of-the-art, high-end production facility to turn any vision into reality. Hollywood Riviera Studios
offers technical and creative direction and more importantly an understanding with the ability to interface with clients at any
stage of production. The company was founded by media professional Rolando Nichols in 2008.
Watch the Hollywood Riviera's Sizzle Reel here:
http://hollywoodrivierastudios.com/studios/
To learn more about Hollywood Riviera Studios visit: www.HollywoodRivieraStudios.com.
About GG Media Network
GG Media Network is an esports production company that is redefining how news and information about esports and
gaming are covered and shared. Unlike any other company, GG Media Network provides the tools and resources for gamers, fans and
enthusiasts to connect and interact with the games they love and the content that feeds their passion. In 2017, GG Media Network
acquired American Leisure Holdings Inc. (OTC: AMLH).
To learn more about GG Media Network visit our website: www.GGMediaNetwork.com.
Get to know us, Like GG Media Network on Facebook: @GGMediaNetwork and follow us on Twitter: @GGMediaNetwork and @MrCBishop.
Safe Harbor
Statements about the Company's future expectations and all other statements in this site other than historical
facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company
intends that such forward-looking statements be subject to the safe harbors created thereby. The site information contains
information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made
by and information currently available to the Company or its management. When used on this site, the words "anticipate,"
"estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management,
are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future
events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one
or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may
vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each
instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein.
Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact
of competitive services and pricing and general economic conditions.
Federal securities laws, such as Rules 10b-5 and 15c2-11 of the Securities Exchange Act of 1934 ("Exchange Act") as well as
Rule 144 of the Securities Act of 1933 ("Securities Act"), and state Blue Sky laws, require issuers to provide adequate current
information to the public markets. With a view to encouraging compliance with these laws, OTC Markets Group has created these OTC
Pink Basic Disclosure Guidelines. We use the basic disclosure information provided by OTC Pink companies under these guidelines
to designate the appropriate tier in the OTC Pink marketplace: Current, Limited or No Information. OTC Markets Group may require
companies with securities designated as Caveat Emptor to make additional disclosures in order to qualify for OTC Pink Current
Information tier.