GameOn Confirms Finalization of Previously Announced Letter of Intent With Sportsology

VANCOUVER, BC, Dec. 13, 2023 /PRNewswire/ -- GameOn (CSE: GET) (OTCQB: GMETF), a next generation fantasy sports platform partnered with the world's best sports leagues to launch, operate, and monetize web3 games, today announces that it has entered into a definitive software development and support agreement with Sportsology. GameOn and Sportsology had previously announced that they had entered into a letter of intent; as of today's announcement, the terms of that letter of intent have been finalized.

The partnership will drive $2.3m from development fees into Q4, as well as $1.4m in annual recurring revenue from 2024 onward. The total expected value of the deal is $9.3m over five years, with the partnership anticipated to grow and garner further opportunities.

$GAME is designed to drive fan engagement and revenue growth for game developers and sports leagues worldwide. The platform will enhance the player experience in sports-specific games such as fantasy games, predictor games, card battle games, and sports betting games, as well as others where relevant as the ecosystem matures. Developers will use $GAME to provide interoperability between games, distributed rewards, true ownership of assets, and other benefits to sports fans and gamers.

GameOn and Sportsology will share more about $GAME in early-2024, including a litepaper.

To join GameOn's EOY investor webinar on December 1, RSVP at this link.

On Behalf of the Board of Directors:
Matt Bailey, Director & Chief Executive Officer
GameOn Entertainment Technologies Inc.
[email protected]

About GameOn
GameOn (CSE: GET) (OTCQB: GMETF) partners with the world's best sports, media, and entertainment IPs to launch brand-building, money-making next-gen games. We turn fans into superfans - engaging, retaining, and monetizing audiences. With a diverse team of gaming, sports, and web3 veterans with experience at Take-Two Interactive, Twitch, EA, Dapper Labs, and the Brooklyn Nets, our platform is executed at scale with millions of users, gameplays, and revenue. GameOn has partnered with NBCUniversal, Bravo, LALIGA, PFL, Karate Combat, the WNBA, Times Internet, DICK'S Sporting Goods, and Gaming Society. Learn more about our PLAYN3XT platform.

About Sportsology
Sportsology Ltd is a newly incorporated company that will operate $GAME, the next-gen fantasy sports infrastructure for game developers and sports leagues. Sportsology's mission is to increase fan engagement and revenue for game developers and sports leagues worldwide, supporting and growing the sports gaming community and ecosystem. Sportsology is at the forefront of scalable web3 adoption in a context that fans and gamers are familiar with.

Forward-Looking Information
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SOURCE GameOn Entertainment Technologies Inc.