Dec 22, 2017 (ACCESSWIRE via COMTEX) -- LOS ANGELES / ACCESSWIRE / December 22, 2017 / American Leisure Holdings (otc pink:AMLH), parent of GG Media Network, an eSports production and content creation company has announced recent business developments and its planned course of action for 2018 to become a leader in eSports media.
"As we wrap up 2017, AMLH leadership has been working closely with our accountants to complete audits and become fully reporting," said CEO Christian Bishop. "We appreciate everyone's patience while this is completed. We are eager to put all legacy issues behind us." The Company has also engaged financial institutions to resolve some of its indebtedness, and today announced an agreement to pay off substantially debt with Company stock. "We expect this transaction to help clean up our balance sheet and position us for growth in 2018," Bishop added.
Announcing multiple high profile content deals, revenue projections and a major shift to eSport center ventures, the Company believes that 2018 will mark a turning point.
"The world of eSports is expanding rapidly, already reaching $1.5B globally with no sign of slowing down," Bishop noted. "Industry analysts expect revenues in the sector to grow 26% by 2020. We are looking forward to significant growth as we aim to capture market share focused around the amateur gaming audience."
"GG Media is working closely with eSport centers and the US to integrate content and solidify distribution channels. To address this market GG Media will continue to produce a slate of eSport programming pilots in 2018, working closely with studios to produce engaging and entertaining content for the fans."
In addition to content deals, GG Media has been retained by a variety of creative agencies and media partners to craft their gaming strategy and content opportunities for some of the top brands in the world. "This is a testament to the quality of talent we have on our team and we are fortunate to work with leaders in the industry," Bishop added.
"We are excited to have locked in a licensing deal with the largest independent eSports center located in the Los Angeles area. GG Media's leadership team has been instrumental in helping craft the content strategy for their multimillion-dollar production and gaming facility.
"With games like PlayerUnknown's Battlegrounds drawing 200 Million unique visitors - and most of those fans and viewers - we believe GG Media has a huge opportunity to gain market share through quality content. Fans and viewers want to be able to attend and see the world of eSports firsthand, and we will be in a position to deliver.
The Company also plans to focus on bringing in new talent with skills that bring value to partners, shareholders and viewers. In keeping with this effort to streamline and align its team around its core gaming strategy, the Company announced that Mariel Reyes and Jim Diprima are no longer executives with AMLH.
"In the new year we will be offering public tours of our facilities, and we invite our fans and followers and see our activities first hand," Bishop said "In addition, we are pleased to announce we will be releasing video interviews with The Investor Town Hall Show for updates and developments, so investors can learn more about our future offerings directly from management."
About GG Media Network
GG Media Network is an eSports production company that seeks to redefine how news and information about eSports and gaming are covered and shared. Unlike any other company, GG Media Network seeks to provides the tools and resources for gamers, fans and enthusiasts to connect and interact with the games they love and the content that feeds their passion. Based in Southern California, In 2017, GG Media Network acquired American Leisure Holdings Inc.AMLH, -16.67% To learn more about GG Media Network visit our website: www.GGMediaNetwork.com. Get to know us, Like GG Media Network on Facebook: @GGMediaNetwork and follow us on Twitter: @GGMediaNetwork and @MrCBishop.