Gamelancer Gaming announces termination of NFT Business and name change
Toronto, Ontario – (Newsfile Corp. – September 20, 2022) – Gamelancer Gaming Corp. (CSE: GMNG) (“Game launcher” or “Company“) announces that it will take steps to write down its non-fungible token (NFT) assets and cease operations in the NFT market with a view to focusing its efforts on its other lines of business, namely direct media sales through its owned and operated network of digital channels, curates short-form video content for brands and media agencies.
“Gamelancer owns the largest network of game-focused channels on TikTok globally[1], with studios in Vancouver and Toronto curating content in-house for clients and agencies. We broadcast content that our clients hire us to produce, along with viral videos that live on our channels. Short-form media like the videos we see on TikTok and Instagram Reels are the future of media, and Gamelancer has become a trusted partner to some of the biggest brands on the planet to help them tell and engage customers using the short-form video we produce. It has always been our intention for NFTs to be a product line that our customers can choose as an option to promote their campaigns, however we have seen a significant decline in demand for NFTs and as such we are dropping the product from the offering ours. Gamelancer is a media-first entertainment company that helps brands and agencies engage youth and young adults on TikTok, Instagram and Snapchat.” – Jon Dwyer, Chairman and CEO – Gamelancer Gaming Corp.
Furthermore, the company is pleased to announce that it has begun the process to change its name to “Gamelancer Media Corp.” (the “Names change“) and will file an amendment notice to change the name of the company. Common stock is expected to begin trading under the new name “Gamelancer Media Corp.” on or about September 27, 2022, under the company’s current symbol GMNG.
About Gamelancer
Gamelancer Gaming Corp., a listed entertainment company on the Canadian Securities Exchange, is a growing mobile-focused gaming social media network – generating over 1 billion+ monthly video views across its 27 owned and operated channels. With over 28,000,000 followers on TikTok, Instagram and Snapchat, primarily located in the US, Canada, UK and Australia, Gamelancer sells direct and programmatic media across its network to the world’s biggest brands. With advanced user data analytics, we provide our audience-curated content relevant to the GenZ & Millennial gaming community, giving brands unparalleled access to the largest gaming media inventory across TikTok, Instagram and Snapchat. Gamelancer also monetizes across its various Snapchat Gaming channels with monthly recurring revenue in partnership with Snapchat.
For further information, please contact:
Jon Dwyer, Chairman and CEO
Phone: (416) 627-8868
Email: [email protected]
Bill Mitoulas, Investor Relations
Phone: (416) 479-9547
Email: [email protected]
Neither the Canadian Stock Exchange nor its market regulator (as that term is defined in the policies of the Canadian Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking information
This press release contains forward-looking statements and forward-looking information in accordance with applicable securities legislation. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. The forward-looking statements and information are based on certain central expectations and assumptions made by the management of the company. Although the company’s management believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, the forward-looking statements and information should not be relied upon as no assurance can be given that they will prove to be correct.
Forward-looking statements and information are provided with the aim of providing information about current expectations and plans for the company’s management relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward–Statements and information deal with future events and circumstances, by their nature they involve inherent risks and uncertainties. Actual results may differ materially from those currently expected due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward–see statements and information in this press release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward–seeking statements and information in this press release are provided as of the date hereof, and no obligation is given to publicly update or revise any secondary–views statements or information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The forward-looking statements or information in this press release are expressly qualified by this cautionary statement.
[1]https://www.forbes.com/sites/joshwilson/2022/05/12/film-and-tv-industry-eyes-opportunity-in-the-gaming-sector/amp/
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