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Enthusiast Gaming Recent Acquisition, Operation Sports, Reaches 1 Million Subscribers

Significant Subscriber Growth After Acquisition

TORONTO, March 20, 2019 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (EGLX.V) (EGHIF), (“Enthusiast” or the “Company”), a gaming company building the largest community of authentic gamers, is excited to announce that Operations Sports LLC (“Operation Sports”), an Enthusiast owned digital property, has reached one million subscribers across its online Esports and sports video game community.

Operation Sports a leading online website for Esports and sports video game content was acquired by Enthusiast Gaming in November 2018.  Since the acquisition, Operation Sports has grown its base by 100,000 engaged and loyal subscribers from 900,000 to 1 million. Enthusiast continues to focus on growing its subscriber base across the entire platform to provide greater engagement to its audience. Having engaged registered users also allows Enthusiast to better understand its user base and therefore provide content and advertising directly catered to their interests.

With the global rise of Esports, Operation Sports has become a leading voice and forum for Esports and sports video game fans to stay on top of their favourite teams and players. Operation Sports provides detailed discussions and content surrounding games such as Madden19, NBA2K, NHL19, MLB19 and FIFA19 allowing fans to discuss game strategy, new product launches, and league and team banter. Esports viewership is growing, and with projections of 84 million viewers by 2021, higher than the 79 million MLB viewers and 63 million NBA viewers, Operation Sports is positioning itself as the leading online content destination for fans.(1)

Steve Noah, Founder and Editor in Chief of Operation Sports, commented, "Having seen the Operation Sports community grow from its infancy is exciting. With the emergence of Esports and the emphasis on innovative content development, Operation Sports is positioned as a leader in the community. The incredible dedication and contributions of our writers, community, and the infrastructure of Enthusiast Gaming, have contributed greatly to our success to date.  I look forward to our continued growth in 2019, and reaching the next million subscribers on our platform.”

Menashe Kestenbaum, CEO of Enthusiast, commented, “We are excited to see Operation Sports continue to thrive as an Enthusiast owned digital property. Our goal is to provide all our subscribers with a unique user experience across all our communities, and the success of Operation Sports community forum reconfirms the importance of having loyal, engaged fans.” He continued, “The success and growth of Operation Sports can also be largely attributed to the unique, creative curated content provided to its visitors. Congratulations to the Operations Sports team on your continued growth!”

About Enthusiast Gaming

Founded in 2014, Enthusiast is the fastest-growing online community of video gamers. Through the Company’s unique acquisition strategy, it has a platform of over 80 owned and affiliated websites and currently reaches over 75 million monthly visitors with its unique and curated content and over 50 million YouTube visitors. Enthusiast also owns and operates Canada’s largest gaming expo, Enthusiast Gaming Live Expo, EGLX, (eglx.ca) with over 55,000 people attending in 2018. For more information on the Company, visit www.enthusiastgaming.com.

CONTACT INFORMATION:

Investor Relations:
Julia Becker
Head of Investor Relations & Marketing
jbecker@enthusiastgaming.com
(604) 785.0850

This news release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments, performance or achievements that Enthusiast anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking information. Such information may involve, but is not limited to, comments with respect to strategies, expectations, planned operations and future actions of the Company. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results "may", "could", "would", "might" or "will" (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of Enthusiast to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to Enthusiast, including information obtained from third-party industry analysts and other third-party sources, and are based on management's current expectations or beliefs regarding future growth, results of operations, future capital (including the amount, nature and sources of funding thereof) and expenditures. Any and all forward-looking information contained in this press release is expressly qualified by this cautionary statement. Trading in the securities of the Company should be considered highly speculative.

Neither the 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.

The securities of the Corporation have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.