KENNETT SQUARE, PA, Feb. 12, 2018 (GLOBE NEWSWIRE) — Good Gaming, Inc. (OTC PINK: GMER) (the “Company”) CEO, David B. Dorwart, is happy to present his newest month-to-month company replace for the month of January 2018 via the issuance of this letter to shareholders.
As promised, beneath is a fast replace concerning the progress we’ve made and proceed to make in the direction of profitability and scale.
Minecraft Division
As we start 2018, we’ve excessive hopes for Good Gaming. In a recurring theme for our enterprise, January as soon as once more had document revenues for Minecraft because the division continues to develop quickly. As we acknowledged final month, we bought three servers (Minecade, Olimpo, and HC Games) initially of January. HC Games has already been built-in into our server and we’ll spend the rest of February and the month of March updating and refreshing the opposite two servers. We will proceed to add new content material on the Good Gaming server to construct upon the inspiration which we began final 12 months.
Minecraft highlights for the month embrace:
- Passing $15,000 in income for the month of January
- Once once more passing 1,000 transactions for the month
- Setting a document with greater than 800 concurrent customers
We count on Minecade to come on-line with all refreshed content material in March 2018. This server will concentrate on Minecraft mini-games together with our model of Battle Royale. We are very excited to launch this server to our present participant base in addition to to the legacy Minecade customers.
Olimpo is a Spanish language server which we’re very excited to launch someday in the course of the second quarter of this 12 months. At one time, Olimpo was one of many largest Spanish servers out there. We are at the moment constructing our infrastructure to have the ability to launch our Minecraft applications to the Spanish-speaking group, and supply them with an important Minecraft expertise of their native tongue.
Tournaments and Leagues
We are at the moment searching for the suitable companions to launch this product. We have recognized a number of potential companions and are starting preliminary discussions to gauge curiosity and suggestions on our proposed construction. We anticipate this sector of our enterprise mannequin to take an extended timeframe to provoke, as it would take time to implement our proposed system.
LAN Centers
We proceed to have glorious discussions with individuals within the LAN Center/VR Center house. We are trying to companion with the suitable group so as to create the suitable state of affairs. Our fundamental purpose right here is no matter mannequin we provoke, it have to be in a position to scale correctly.
As I’ve talked about earlier than, we like this house, but discover it troublesome to discover the suitable enterprise mannequin for us to scale. In reviewing the conventional LAN mannequin, I discover it too skinny for my style when it comes to revenue per location. A big a part of LAN fashions present that income come from sundry earnings equivalent to meals and drinks. We don’t notably like a mannequin that requires an excessive amount of effort in maintaining meals, snacks and drinks in home. This doubtlessly creates too many shifting items for us to fear about when it comes to scaling the enterprise. However, we do see nice potential with the aggressive elements of a LAN mannequin and can proceed to transfer ahead with discovering the suitable match for us.
We have additionally frolicked reviewing the VR (Virtual Reality) mannequin, of which, I like greater than a typical LAN Center. We are at the moment exploring a number of choices on this house and hope to finalize our due diligence later this month.
As I’ve stated many occasions over, we won’t make investments on this house till we really feel that we’ve the system to achieve success and scalable.
In conclusion, we’ve made good progress shifting the chains down the sector in our Minecraft Division. I’m happy with our improvement group and have a really excessive confidence degree in them and their capacity to scale the Minecraft Division into one thing financially significant for GMER. We additionally proceed to make progress with our imaginative and prescient of creating varied fashions that can assist us to diversify into Tournaments and Leagues, in addition to the LAN Center/VR house. As progress continues, we will probably be certain to hold our shareholders abreast of our milestones.
Until subsequent month, sport away!
David B. Dorwart
For extra info please go to our web site:
https://www.good-gaming.com
For extra info on of our Premium Membership providers:
https://www.good-gaming.com/membership
Social networks:
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Investors Hangout: https://investorshangout.com/Good-Gaming-Inc-GMER-62551/
About Good Gaming:
Good Gaming is a number one aggressive on-line match gaming and social community platform concentrating on over 250 million esports gamers and members worldwide who need to talk with one another, develop methods and compete at novice, aggressive {and professional} ranges. Depending on a Gamer’s degree of talent, gamers have the flexibility to win tournaments which embrace prize cash, presents and raffles. Good Gaming just lately confirmed its partnership with one of many world’s main video games publishers and is launching a sequence of tournaments in 2017. The esport business has skilled exponential progress going from $500 million to $1.2 billion over the past two years with business analysts forecasting a $5 billion world business by 2020.
Safe Harbor
This launch comprises statements that represent forward-looking statements inside the which means of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements seem in numerous locations on this launch and embrace all statements that aren’t statements of historic truth relating to the intent, perception or present expectations of Good Gaming Inc., its administrators or its officers with respect to, amongst different issues: (i) financing plans; (ii) developments affecting its monetary situation or outcomes of operations; (iii) progress technique and working technique. The phrases “might,” “would,” “will,” “count on,” “estimate,” “can,” “consider,” “potential” and comparable expressions and variations thereof are meant to establish forward-looking statements. Investors are cautioned that any such forward-looking statements should not ensures of future efficiency and contain dangers and uncertainties, lots of that are past Good Gaming Inc.’s capacity to management, and that precise outcomes might differ materially from these projected within the forward-looking statements because of varied elements. More details about the potential elements that might have an effect on the enterprise and monetary outcomes is and will probably be included in Good Gaming Inc.’s filings with the Securities and Exchange Commission.
