Exhibit
99.1
Super League Finalizes
Acquisition of Mobcrush, Establishing One of the Largest Verifiable
and Addressable Audiences of Passionate Gamers in the
U.S.
Combined platforms and properties provide brands, advertisers, and
other consumer-facing businesses with scalable access to the most
critical content engagement channels – in-game experiences,
in-stream video integrations, in-event programs
Santa
Monica, Calif. - (June 2, 2021)
– Super
League Gaming,
Inc.
(Nasdaq:
SLGG), a global leader in
competitive video gaming and esports entertainment for everyday
players around the world, announced today the successful closing of
its previously-announced acquisition of Mobcrush
Streaming,
Inc.
Mobcrush is a live streaming technology platform used by hundreds
of thousands of gaming influencers who generate and distribute
almost two million hours of original content annually and have
accumulated more than 4.5 billion fans and subscribers across the
most popular live streaming and social media platforms, including
Twitch, YouTube, Facebook, Instagram, Twitter, and more. Mobcrush
also operates Mineville, one of six official Minecraft servers in
partnership with Microsoft, reaching more than 20 million players
annually.
On May 27, 2021, Super League shareholders approved the issuance of
approx. 12.6 million shares of common stock as merger consideration
to fund the acquisition of Mobcrush.
The newly combined company provides a highly scalable,
gaming-centric media platform for brands and advertisers to reach a
monthly U.S. audience of over 75 million, which is one of the
largest addressable audiences of gamers and equivalent to a Top 100
U.S. Nielsen media property. Together, Super League and Mobcrush
expect to deliver more than 9 billion video views across digital
and social media live streaming and on-demand
platforms.
“We are thrilled to complete this acquisition and have
already been working towards our shared mission to empower
passionate gamers and inspire them to create dynamic and highly
engaging content,” said Ann Hand, Chief Executive Officer of
Super League. “In fact, we have already won our first deal as
a combined company and know we are just getting started. With this
powerful platform, we are ready to achieve a new level of scale
through our incredible suite of proprietary tools accessible to all
gamers as we work to capitalize on multiple opportunities to
generate revenue from advertiser solutions, direct to consumer and
content monetization.”
Details regarding the transaction, including a
copy of the merger agreement, can be found in Super League’s
current report on Form 8-K, filed with the Securities and Exchange
Commission on March 11, 2021 and are available in the SEC Filings
section of Super League’s investor relations
website here.
###
About Super
League Gaming
Super League Gaming (NASDAQ: SLGG) is a leading
gaming and esports content and community platform that gives tens
of millions of players multiple ways to create, connect, compete,
and enjoy the video games they love. Fueled by proprietary and
patented technology systems, Super League’s offerings include
competitive gaming tournaments featuring many of the biggest titles
in the world, gameplay properties that allow young gamers to
experience and build their own imaginative Minecraft worlds, and
production and distribution software tools that power billions of
views of live streaming and video-on-demand content annually.
Through partnerships with world class consumer brands, in-game
player monetization, and a fully-virtual cloud-based video
production studio, Super League is building a broadly inclusive,
global brand at the intersection of gaming, experiences, and
entertainment. For more: superleague.com
Media Contact:
Gillian Sheldon
Super League Gaming
gillian.sheldon@superleague.com
Investor Relations:
Cody Slach and Sophie Pearson
Gateway Investor Relations
SLG@gatewayir.com
Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995. Statements in this press release that are not
strictly historical are “forward-looking” statements
within the meaning 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 involve substantial risks, uncertainties
and assumptions that could cause actual results to differ
materially from those expressed or implied by such statements.
Forward-looking statements in this communication include, among
other things, statements about our possible or assumed business
strategies, potential growth opportunities, new products and
potential market opportunities. Risks and uncertainties include,
among other things, our ability to implement our plans, forecasts
and other expectations with respect our business; our ability to
realize the anticipated benefits of events that took place during
and subsequent to the year ended December 31, 2020, including the
possibility that the expected benefits, including those that may be
related to the Agreement and Plan of Merger, dated March 9, 2021,
by and between Super League Gaming, Inc. and Mobcrush Streaming,
Inc. (the “Merger Agreement”), will not be realized or
will not be realized within the expected time period; unknown
liabilities that may or may not be within our control; attracting
new customers and maintaining and expanding our existing customer
base; our ability to scale and update our platform to respond to
customers’ needs and rapid technological change; increased
competition on our market and our ability to compete effectively,
and expansion of our operations and increased adoption of our
platform internationally. Additional risks and uncertainties that
could affect our financial results are included in the section
titled “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” in our Annual Report on Form 10-K for the year
ended December 31, 2020 and other filings that we make from time to
time with the Securities and Exchange Commission which, once filed,
are available on the SEC’s website at www.sec.gov. In
addition, any forward-looking statements contained in this
communication are based on assumptions that we believe to be
reasonable as of this date. Except as required by law, we assume no
obligation to update these forward-looking statements, or to update
the reasons if actual results differ materially from those
anticipated in the forward-looking statements.