Gaming & Digital Media Company
TORONTO, ON, May 11, 2020 – Torque Esports Corp. (TSX-V: GAME) (OTCQB: MLLLD)
(“Torque”, formerly Millennial Esports Corp.), Frankly Inc. (TSX-V: TLK) (OTCQX: FRNKF) (“Frankly”), and WinView, Inc. (“WinView”)
today announced the completion of the business combination previously announced on March 10, 2020 resulting in the acquisition of each of Frankly and WinView by Torque,
which will soon change its name to Engine Media Holdings, Inc. (“Engine Media”).
It is expected that this transaction will place Engine Media at the forefront of esports, news streaming and sports gaming across multiple media platforms.
The completion of the transaction results in a company with a unique combination of assets, ranging from esports content, streaming technology,
sports gaming, data and analytics as well as intellectual property. Engine Media will derive its name from the acronym [Esports, News, Gaming, Interactive Network, Engagement].
In connection with the completion of the business combination, Tom Rogers has been appointed Executive Chairman; Lou Schwartz and Darren Cox have been appointed
as co-Chief Executive Officers; and Michael Munoz has been appointed the Chief Financial Officer, replacing Robert Suttie, who has resigned.
Engine Media is focused on accelerating new, live, immersive esports and interactive gaming experiences for consumers through its partnerships with traditional and emerging media companies.
The company will generate revenue through a combination of: direct-to-consumer and subscription fees; streaming technology and data SaaS-based offerings;
programmatic advertising and sponsorships; as well as intellectual property licensing fees.
To date, the combined companies have clients comprised of more than 1,200 television, print and radio brands including CNN, ESPN, Discovery /
Eurosport, Fox, Vice, Newsweek and Cumulus; dozens of gaming and technology companies including EA, Activision, Blizzard, Take2Interactive,
Twitch and Ubisoft; and have connectivity into hundreds of millions of homes around the world through their content, distribution and technology.
Commenting on the new company and its strategy, Mr. Rogers said:
Held at DTC 158,753 03/30/2020
Float 4,969,926 11/30/2019