Enthusiast Gaming commences trading on the Toronto Venture Stock Exchange under the symbol “EGLX”

Toronto, Ontario, CANADA


TORONTO, Oct. 04, 2018 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (TSXV: EGLX) (“Enthusiast” or the “Company”), a digital media company building the largest community of authentic gamers, today announces that its shares will begin trading when markets open, at 9:30am EDT, on October 4, 2018 on the TSX Venture Exchange (the “Exchange"). As previously announced (See press release dated September 24, 2018), Enthusiast —formerly Tova Ventures II, Inc. (TSX.V: TOVA.P) will trade under the stock ticker symbol “EGLX.”  

“As one of the few gaming companies trading publicly, we’re incredibly proud to announce this milestone in Enthusiast’s history,” said Enthusiast Founder, President and Chief Executive Officer Menashe Kestenbaum. “We look forward to a beneficial relationship with our shareholders as we carry out our vision of growing our platform both online and through our Enthusiast gaming Live Expo, EGLX.”

Enthusiast also announces that, subject to regulatory approval, it has retained INFOR Financial Inc. (“INFOR Financial”) to provide market making services to Enthusiast in compliance with the policies and guidelines of the Exchange and other applicable legislation. INFOR Financial will trade common shares of the Company on the Exchange with the objective of maintaining a reasonable market and improving the liquidity of Enthusiast’ common shares.  INFOR Financial will receive $10,000 per month and the term of the engagement shall be for no less than 4 months and shall continue indefinitely until otherwise terminated by either party upon 30 days written notice.  There are no performance factors contained in the agreement and INFOR Financial will not receive shares or options as compensation. INFOR Financial and Enthusiast are unrelated and unaffiliated entities, but INFOR Financial and/or its clients may have an interest, directly or indirectly, in the securities of Enthusiast.

INFOR Financial will also introduce Enthusiast to capital market participants and institutional investors that may include investment funds, mutual funds, private capital sources and other potential strategic investors. Enthusiast and INFOR Financial will enter into a separate agreement in due course with respect to the foregoing.

The Company will ring the opening bell on Friday, October 26, 2018 at 9:30am ET.

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 70 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. The next expo will take place October 26-28, 2018 at the Metro Toronto Convention Center. (www.eglx.ca). For more information on the Company, visit www.enthusiastgaming.com.


Julia Becker
Head, Investor Relations & Marketing
(604) 785-0850

Media Contact

Forward-Looking Statements

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, including but not limited to the Company obtaining regulatory approval to commence trading. 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 statements in this news release include but are not limited to: Looking to the back half of 2018, we remain well positioned to further penetrate new and existing markets with our unique neuromonitoring platform. 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.

Investors are cautioned that, except as disclosed in the Filing Statement any information released or received with respect to the reverse take-over may not be accurate or complete and should not be relied upon. Trading in the securities of the Corporation 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.