GTR24H is a leading esports sim racing media platform created for the “metaverse”-ready economy and entertainment world. GTR24H is at the forefront of the global creator economy -- an industry centered around innovative digital content development fueled by social media influencers, creators and businesses, who monetize their content online. With a leading digital content platform created by and for Gen Z and millennials. GTR24H has established a highly engaged, loyal global fan base of millions across its combined tv networks, mobile apps and social platforms that rivals established sim racing and eSports leagues and numbers that rival traditional sports leagues.
GTR24H produces premium eSports and sim racing events content, merchandise, and consumer products and creates advertising and sponsorship programs for leading technology and eSports ready advertisers. With a global audience reach over 400M through distribution partners and networks which include MotorVision TV and, in 2022, EuroSport TV, GTR24H is positioned as the first eSports media broadcasting and commentary platform and sim racing events platform to unlock key relationships with a coveted demographic among millennials and Gen Z influencers across the metaverse, groups that have long proven difficult to reach for traditional media companies and advertisers.
With a combined tv network, mobile app and social media reach of over 200 million globally, in
By means of this transaction, GTR24H seeks to cement its leadership position amongst leading European eSports media and sim racing events companies with distribution channels to MotorVision TV, ESTV and, in 2022, to EuroSport TV.
Together,
Management Commentary
Transaction Overview
The deal takes the form of a like-for-like share swap transaction, which sees
This deal contemplates,
The proposed business combination has been approved by the boards of directors of both GTR24H and ZUKI.
Advisors
Management consulting firm
About GTR24H
GTR24H is a digital-native lifestyle and media platform rooted in gaming and youth culture, reimagining traditional entertainment for the next generation. Founded in 2010 by IT professionals and sim racing enthusiasts, GTR24H was created for eSports sim racing enthusiasts and the fandom metaverse, and today operates EEWC (Endurance Eracing World Championship Series) that creates more unique high entertainment content, tier-one brand partnerships, a collective of sim racing professionals and aspiring professionals, and the fands and fandom of the eSports metaverse. Reaching over 400 million across tv networks, streaming apps and social platforms globally, GTR24H delivers a wide variety of entertainment and live streams of highly competitive sim racing series. GTR24H's leadership in the evolution of sim racing eSports content creation and branded entertainment reflects a deep history dating back over a decade before eSports and sim racing were pop culture words.
About
About
Forward-Looking Statements Notice
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Media Contact
Please direct media inquiries as follows:
Suite 104
JPhipps@zuki.app
+18018003350
GTR24H:
info@gtr24h.org
See also https://gtr24h.org/?p=60632&secret=UBCxzI
https://alphadealgroup.com/contact-us
Source:
2022 GlobeNewswire, Inc., source