VANCOUVER, BC , Dec. 7, 2020 /CNW/ - TGS Esports Inc. ( "TGS" or the " Company" ) (TSXV: TGS) (FRA: 5RH) has teamed up with the United States Esports Association ( "USEA" ) to host the North American tournament portion of the Global Esports Federation's #worldconnectedseries (#wcs20). The invitational tournament, the final event of the USEA's American Esports Week, will feature popular title Rocket League and take place on Saturday December 19 th .
The #worldconnectedseries (#wcs20) is an event put on by the Global Esports Federation featuring a global collective of esports events ( https://www.globalesports.org/post/inaugural-worldconnected-series-launched-to-convene-the-world-s-esports-community ). The event features seven regions, including North America , with each region being awarded to a partner organization. The USEA was selected as the North American partner and, in turn, brought on TGS.
"We are honoured to be working with the USEA. I have been fortunate to get to know Miguel and his team and they are amazing to work with," said Spiro Khouri , founder and CEO of TGS Esports. "We are grateful for the opportunity to grow our partnership with the USEA and bring this Rocket League event to life."
The North American portion of event will take place on Saturday December 19 th at 6pm PST . It can be viewed live online for free. The event will be an invitational and feature prominent amateur from all over North America to compete for a $2,000 prize, with $3,000 made available to charities of the teams' choice.
"We are very excited for this event," said Miguel Gil , Founder of the United States Esports Federation. "The USEA was built to develop recreational esports and this event is a great opportunity to showcase our intentions and growth."
As part of the event there will be an open qualifier on Sunday December 13 th which will be free to enter. Information on the qualifier can be found here: https://www.thegamingstadium.com/event/tgs-open-series-featuring-rocket-league-9/.
For more information, please visit www.thegamingstadium.com , https://www.esportsus.org/ , or https://www.globalesports.org .
Consulting Agreement
The Company also wishes to announce that it has entered into a consulting agreement with Gopal Patel (the " Consultant ") dated November 24, 2020 , pursuant to which the Consultant will assist the Company with the development and outreach for new sales and sponsorship opportunities for its business (the " Services "). As partial consideration for the Services, following completion of the first month of the term of the agreement, the Company has agreed to pay to the Consultant a fee of $3,000 , payable in common shares in the capital of the Company at a deemed price equal to the Discounted Market Price on the date of issue, subject to the approval of the TSX Venture Exchange.
About the United States Esports Association
The United States Esports Association is an American nonprofit supporting the development of recreational esports along the pillars of education, recreation, and diversity and inclusion. Founded in 2018 by Miguel Gil (he/him/his), the United States Esports Association is the member representative of the US to the Global Esports Federation.
About TGS Esports Inc.
TGS Esports Inc. is an organization focused on creating the ultimate esports experience. TGS is made up of industry professionals with 20+ combined years in the space of tournament organization, league facilitation, and production. This experience combined with the proposed acquisition of Pepper Esports Inc. ( https://www.newswire.ca/news-releases/tgs-esports-announces-signing-of-definitive-agreement-to-acquire-leading-competitive-esports-platform-pepper-esports-804515174.html ) allows TGS to offer a full suite of tools needed for any player or tournament organizer in esports. TGS is also the owner of Canada's first dedicated esports arena, The Gaming Stadium, located in Richmond, British Columbia , which opened in June 2019.
Neither 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.
On behalf of the Board of Directors
" Spiro Khouri "
Spiro Khouri , CEO
TGS Esports Inc.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including with respect to: the hosting of the #worldconnected series tournament and the timing, format and prizes for the tournament. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. The risks include the following: the unknown magnitude and duration of the effects of the COVID-19 pandemic and other risks that are customary to transactions of this nature. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.
SOURCE TGS Esports Inc
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