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Enthusiast Gaming Starts Trading on the OTCQB as Part of North American Expansion Plan

TORONTO, Jan. 23, 2019 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast” or the “Company”) (EGLX.V) (EGHIF), a digital media company building the largest community of authentic gamers, is pleased to announce that the Company’s common shares will commence trading today on the OTCQB Venture Market (“OTCQB”), under the symbol "EGHIF”. The Law Firm of Burns Figa & Will PC acted as the Company’s sponsor.  Enthusiast’s common shares continue to trade on the TSX Venture Exchange under the symbol "EGLX".

"Listing on the OTCQB Venture will enhance our liquidity by giving us access to the US investor capital pool.” Commented Menashe Kestenbaum, CEO of Enthusiast. “Currently, over half of our network traffic is generated from the US and many of our key partners and affiliates are US based, therefore, listing on the OTCQB is an exciting next step in our long-term expansion strategy.”

The OTCQB is a well-established American financial marketplace for international entrepreneurial and development stage companies. The market offers listed companies the opportunity to diversify their shareholder base with increased liquidity and brand visibility, while maintaining a high level of transparent trading, annual verification and continuous regulation for US investors.

Real-time quotes and market information on the Enthusiast are available at www.otcmarkets.com/stock/EGHIF/overview

About Enthusiast

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. Enthusiast also owns and operates Canada’s largest gaming expo, Enthusiast Gaming Live Expo, EGLX, (https://eglx.ca/), with over 55,000 people attending in 2018. For more information on the Company, visit www.enthusiastgaming.com.

CONTACT:

Julia Becker
Head, Investor Relations & Marketing
(604) 785-0850
jbecker@enthusiastgaming.com 

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.