Toronto, Ontario–(Newsfile Corp. – September 20, 2022) – Game Launcher Gaming Corp. (CSE: GMNG) (“game launcher” or the “Company“) announces that it will take steps to depreciate its non-fungible token (NFT) assets and cease to operate in the NFT market with a view to focusing its efforts on its other business areas, namely its direct media sales through its owned and operated network of digital channels, compiling short video content for brands and media agencies.
Gamelancer owns the largest network of gaming-focused channels on TikTok worldwide, with studios in Vancouver and Toronto that internally manage content for clients and agencies. We broadcast content that our clients hire us to produce in addition to viral videos that live natively on our channels. Short media like the videos we see on TikTok and Instagram Reels is the future of media, and Gamelancer has become a trusted partner to some of the biggest brands in the world to help them tell stories and engage customers by leveraging from the short-form video we produce. It was always our intention that NFTs would be a product line that our customers could select as an option to promote their campaigns, but we have witnessed a significant decrease in demand for NFTs, which is why we are dropping the product from our offering . Gamelancer is a media company that helps brands and agencies engage teens and young adults on TikTok, Instagram and Snapchat.” – Jon Dwyer, Chairman and CEO – Gamelancer Gaming Corp.
Furthermore, the company is pleased to announce that the process has begun to change its name to “Gamelancer Media Corp.” (the “Name change“) and will file an amendment notice to change the company’s name. The common stock is expected to trade on or about September 27, 2022 under the new name “Gamelancer Media Corp.”, under the company’s current symbol, GMNG .
Gamelancer Gaming Corp., a publicly traded entertainment company on the Canadian Securities Exchange, is a growing mobile-focused gaming social media network generating more than 1 billion+ monthly video views across its 27 owned and operated channels. With over 28 million followers on TikTok, Instagram and Snapchat, based primarily in the US, Canada, UK and Australia, Gamelancer sells direct and programmatic media through its network to the world’s biggest brands. With advanced analytics on user data, we provide our audience with curated content relevant to the GenZ & Millennial gaming community, giving brands unparalleled access to the largest media inventory in gaming on TikTok, Instagram and Snapchat. Gamelancer also monetizes its various Snapchat Gaming channels with monthly recurring revenue in partnership with Snapchat.
For more information, please contact:
Jon Dwyer, Chairman and Chief Executive Officer
count: (416) 627-8868
Bill Mitoulas, Investor Relations
count: (416) 479-9547
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