Esports Technologies Accelerates IP Development of Advanced Predictive Gaming Models

LAS VEGAS, July 7, 2021 /PRNewswire/ – Esports Technologies Inc. (NASDAQ: EBET), a leading global provider of advanced esports wagering products and technology, has established a dedicated quantitative analysis ("quant") team to continue to develop the company's intellectual property, focusing on new esports predictive gaming models and predictive consolidated data feeds. This initiative is designed to allow Esports Technologies to work on developing its cutting-edge wagering platform and products while partnering with B2B customers to generate revenue from the use of its technology.

Jason Finch, who was formerly the company's Director of Research and Technology, has been elevated to Chief Technology Officer and will lead the new team. A veteran of analytics, trading, and modeling, he has previously managed quants to develop real-time models for pricing sports, politics, and other innovative event products.

Under Finch's direction, the Esports Technologies quant team now includes:

• Brad Cole, an applied mathematician who has developed highly detailed pricing models for esports wagering and competitor talent evaluation, as well as validation of battle royale esports modeling via stochastic graph theory, simulation methods, and big data methods on competitor results.
• Dr. Stephan Roberts, a mathematician who carries a wide-ranging expertise in analysis and statistics and the recognition of complex patterns. Dr. Roberts has published academic papers discussing topics of orderings and polynomials.
• Dr. Da Xu, a senior machine learning engineer joining Esports Technologies. Dr. Xu has developed forecast models using optimization algorithms and deep learning. He has also performed quantitative research of alpha risks for hedge fund clients using machine learning models.
• Dr. Jonathan Pearce, a computational physics Ph.D. joining Esports Technologies. Dr. Pearce specializes in numeric methods, data mining, and the calculation of probabilities. Much of Dr. Pearce's work has involved trend analysis using various data collection and data visualization methods.

Bart Barden, Chief Operating Officer of Esports Technologies, said, "Mr. Finch has done an excellent job leading our research and technology departments, and he is well-prepared to lead our world-class quantitative, platform and data team. We believe the latest additions of Dr. Roberts, Dr. Xu, and Dr. Pearce will accelerate our ability to provide state-of-the-art solutions that enhance the esports wagering experience to our product offerings and those of our partners. Our commitment to quantitative analytics is a strategic move that will have far-reaching effects on our growth and our aggressive acquisition strategy."

About Esports Technologies
Esports Technologies is developing groundbreaking and engaging wagering products for esports fans and bettors around the world. Esports Technologies is one of the leading global providers of esports product, platform and marketing solutions. The company operates a licensed online gambling platform, gogawi.com, that offers real money betting on esports events and professional sports from around the world in a secure environment. The company is developing esports predictive gaming technologies that allow distribution to both customers and business partners.

CAUTIONARY STATEMENT CONCERNING FORWARD LOOKING STATEMENTS: This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which statements involve risks and uncertainties. These statements relate to future events, future expectations, plans and prospects. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, actual results or outcomes may prove to be materially different from the expectations expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to the Company's ability to develop new esports predictive gaming models and predictive consolidated data feeds and to provide state-of-the-art solutions that enhance the esports wagering experience to its product offerings and those of its partners. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those discussed in the Company's filings with the Securities and Exchange Commission, including as set forth in the "Risk Factors" section of the Company's final prospectus, which was filed with the Securities and Exchange Commission on April 16, 2021, as updated by the Company's subsequent Quarterly Reports on Form 10-Q. The Company does not undertake any obligation to release publicly any revisions to forward-looking statements as a result of subsequent events or developments, except as required by law.

SOURCE Esports Technologies Inc.

Related Links

https://esportstechnologies.com/

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