VANCOUVER, BC, Jan. 18, 2022 /CNW/ - East Side Games Group (TSX: EAGR) (OTC: EAGRF) ("ESGG" or the "Company"), Canada's leading free-to-play mobile game group, announces that it has acquired all of N3TWORK Inc. ("N3TWORK")'s interest in and to the Funko Pop! Blitz mobile game, and all assets used and related to the free-to-play mobile game on iOS and Android thereto.
Free-to-play mobile game rights with Funko, a leading pop culture lifestyle brand, and Universal Games and Digital Platforms are included in multi-year licensing agreements, enabling the opportunity for long-term growth.
Watch the trailer here.
Funko Pop! Blitz is a deeply engaging match-3 blitz character collection game featuring Funko Pop! versions of lovable characters across multiple iconic franchises in unique weekly events. The game currently features characters from a variety of franchises including, Universal Pictures and Amblin Entertainment's Jurassic World and Back to the Future, NBC's U.S. version of The Office, DreamWorks Animation's Shrek and Trolls, as well as Masters of the Universe, and many more from pop culture's biggest properties.
"Funko Pop! Blitz will add to our portfolio of premium IP games, expand our mobile game genre offerings, and allow us to implement our expertise in live ops as we scale the game into the future. We are excited to add this high-quality game that melds pop culture's biggest entertainment franchises into a single experience and has already been very well received by players, especially among the massive fan base of over 30 million Funko collectors worldwide. The game, which utilizes an iconic global franchise, allows for increased scalability in line with our IP-first strategy," said Darcy Taylor, Chief Executive Officer of East Side Games Group.
Pursuant to the acquisition terms, ESGG issued 419,389 common shares to a nominee of N3TWORK, among other consideration.
All ESGG common shares issuable to N3TWORK will be subject to a four month hold period pursuant to applicable securities laws.
ABOUT EAST SIDE GAMES GROUP
East Side Games Group (formerly operating under the name "LEAF Mobile Inc.") is a leading free-to-play mobile game group, creating engaging games that produce enduring player loyalty. Our studio groups entrepreneurial culture is anchored in creativity, execution, and growth through licensing of our proprietary Game Kit software platform that enables professional game developers to greatly increase the efficiency and effectiveness of game creation in addition to organic growth through a diverse portfolio of original and licensed IP mobile games that include: Archer: Danger Phone, Bud Farm Idle Tycoon, Cheech & Chong Bud Farm, The Goldbergs: Back to the 80s, It's Always Sunny: The Gang Goes Mobile and Trailer Park Boys Grea$y Money, RuPaul's Drag Race Superstar and the soon to be released, The Office: Somehow We Manage.
We are headquartered in Vancouver, Canada and our games are available worldwide on the App Store and Google Play. For further information, please visit: www.eastsidegamesgroup.com and join our online communities at LinkedIn, Twitter, Facebook, and Instagram.
Additional information about the Company continues to be available under its legal name, LEAF Mobile Inc., at www.sedar.com
Forward-looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the proposed transactions described herein. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. 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. 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. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company's control. These forward-looking statements are made as of the date of this news release.
SOURCE East Side Games Group
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