VANCOUVER, BC / ACCESSWIRE / January 14, 2021 / Alpha Esports Tech Inc. ("Company" or "Alpha Tech") is pleased to announce its expansion into the Indian market via a partnership with Irony Inc., ("Irony") where the Company's online gaming platform, GamerzArena, will become the exclusive partner for all of Irony's online esports events in India. The Company will also host and operate a variety of gaming tournaments for Irony, including an eDevelopment league, where Irony will be able to find and sign top gaming talent for their program. Irony will also leverage its existing relationships in esports and traditional sports to promote and grow the Company's subscription service, GamerzArena+.
Irony is an Indian esports company focused on building esports based communities for its clients. As a pioneering upstart, Irony works at the cross-section of team, talent, and technology to play a defining part in India's booming esports industry. The organisation was founded by Ankit Bhatia - a successful entrepreneur and digital marketing veteran - and Tushaar Garg - an international sports and esports business professional, formerly with IMG. Overall, online gaming has gained a strong foothold within the Indian entertainment industry and is projected to become a $1 billion USD market by the end of 2021, providing the company with significant opportunity to enter a growing market.
"We believe our partnership with Irony will provide the Company with a significant revenue injection," said interim CEO, Matthew Schmidt. "India is one of the most popular markets for esports and mobile gaming and through Irony's countless relationships in esports, we will be able to attract an entirely new audience to GamerzArena."
"The Indian gaming market is made up of almost 400 million gamers and is still growing," said Bhatia. "We are predicating our community-focused approach to esports on the values of competition, collaboration and content, and GamerzArena blends in to this naturally as an end-to-end gaming platform. We're eager to harness this partnership."
"With favorable demographics and increasing penetration of the internet, we see India as gaming's promise land," added Garg. "Our processes, partnerships and relationships give us unmatched advantage in India's esports ecosystem. That's what makes this collaboration so exciting - Both companies are poised for exciting growth prospects by leveraging each other's strengths."
On Behalf of The Board of Directors
Matthew Schmidt
Interim CEO and Director
About Alpha Esports Tech Inc.
Alpha Esports Tech Inc. is a technology company that focuses on emerging markets in Esports, mobile gaming, ecommerce, blockchain and high growth opportunities. Through a strong portfolio of technology assets, we bring a new edge to modern gaming. Learn more at: www.alphaesports.com.
Contact:
Investor Relations
ir@alphatech.inc
(604) 359-1256
Media
media@alphatech.inc
(917) 674-8292
Forward-Looking Statement
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Forward-looking information is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Important factors that could cause actual results to differ materially from the Company's expectations include, the Company's limited operating history, additional capital requirements, competition, the Company's ability to complete the listing of its common shares on the CSE, the impact and progression of the COVID-19 pandemic and other risk factors set forth in the Company's preliminary prospectus under the heading "Risk Factors". Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company's management to predict all of such factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.
SOURCE: Alpha Esports Tech Inc.
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