MIAMI, Jan. 12, 2022 (GLOBE NEWSWIRE) — Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games”), a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series across the globe, rang the bell today on the NASDAQ Stock Exchange, marking the one year anniversary of its IPO. CEO Dmitry Kozko represented the Motorsport Games team.
“Ringing the NASDAQ closing bell is a tremendous honor and represents the culmination of all the hard work and progress we have made as a publicly traded company over the past year,” said Dmitry Kozko, CEO of Motorsport Games. “It’s a true reflection of our incredible employees, board members, advisors, partners and, most importantly, our community of gamers and esports enthusiasts across the globe. This year alone, we have launched our all-new flagship NASCAR game, the first-ever NASCAR title on Nintendo Switch, acquired incredible businesses and intellectual property, announced partnerships with INDYCAR, continued to evolve our robust esports offerings and much more. we are well positioned to continue to grow, with the aim of raising the standard of entertainment and ensuring world-class status for the Motorsport Games.
To watch a recording of the ringing of the NASDAQ bell, please click here.
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About motorsport games:
Motorsport Games, a Motorsport Network company, combines innovative and engaging video games with exciting competitions and content for racing fans and gamers everywhere. The company is the officially licensed video game developer and publisher for iconic motor racing series, including NASCAR, INDYCAR, the 24 Hours of Le Mans and the British Touring Car Championship (“BTCC”), on PC, PlayStation, Xbox, Nintendo Switch and mobile. . Motorsport Games is an award-winning esports partner of choice for the 24 Hours of Le Mans, Formula E, BTCC, FIA World Rallycross Championship and eNASCAR Heat Pro League, among others. For more information on Motorsport Games, visit www.motorsportgames.com.
Certain statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are provided pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. . Words such as “continue”, “will”, “may”, “could”, “should”, “expect”, “expect”, “plan”, “intend”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding: (i) the Company’s belief that it has made progress as a publicly traded company over the past year; (ii) the Company’s expectation that, through 2022, it is well placed to continue to grow, with the aim of raising the standard of entertainment quality and securing world-class status for Motorsport Games; and (iii) the expected future impact of new or planned products, features, offers or events, and the timing of the launch of such products, features, offers or events. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements, many of which are generally beyond Motorsport Games’ control and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to (i) difficulties, delays or performance below expectations in achieving the Company’s growth plans, objectives and expectations, for example due to a slower than expected economic recovery and/or the inability, in whole or in part, to continue to execute its business strategies and plans, for example due to unforeseen difficulties in maintaining existing licenses and obtaining additional licenses with various racing series and/or difficulties in attracting and retaining qualified employees and key personnel; (ii) Motorsport Games is experiencing difficulties and/or delays in improving the quality of its product offerings which could negatively impact its 2022 development plans, such as due to difficulties or delays in the launch of new products, higher than expected costs incurred to develop and launch such products and/or lower than expected consumer acceptance of Motorsport Games’ product offerings; and/or (iii) difficulties, delays or unforeseen events that may impact the timing and scope of new product launches, such as delays and higher than expected expenses related to the COVID-19 pandemic. ongoing and prolonged 19 and related economic lockdowns and government mandates; unforeseen operating costs, transaction costs and actual or contingent liabilities; negative effects of increased competition; and unforeseen changes in consumer behavior, including due to general economic factors, such as rising inflation. Factors other than those mentioned above could also cause Motorsport Games’ results to differ materially from expected results. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements, many of which are generally beyond Motorsport Games’ control and are difficult to predict. Factors other than those mentioned above could also cause Motorsport Games’ results to differ materially from expected results. Other factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements can be found in Motorsport Games’ filings with the SEC, which may be viewed at www.sec. gov and ir.motorsportgames.com, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020, its Quarterly Reports on Form 10-Q filed with the SEC in 2021, and in its filings later with the SEC. Motorsport Games anticipates that subsequent events and developments may alter its plans, intentions and expectations. Motorsport Games undertakes no obligation, and specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Motorsport Games’ plans and expectations as of any subsequent date. Further, the business and financial materials and any other statements or disclosures on, or made available through, the Motorsport Games website or other websites referenced or linked to in this press release are not to be incorporated by reference into this press release.
Website and Social Media Disclosure
Investors and others should note that we announce important financial information to our investors via our Investor Relations website (ir.motorsportgames.com), SEC filings, press releases, public conference calls and webcasts. We use these channels, along with social media and blogs, to communicate with our investors and the public about our company and our products. The information we post on our websites, social networks and blogs may be considered material information. Accordingly, we encourage investors, the media and others interested in our business to review the information we post on these websites, social media channels and blogs, including the following information (the list of which will be updated from time to time on our Investor Relations website):
Content from such websites and social media channels is not part of this press release and will not be incorporated by reference into it.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1382f341-f055-4b88-9d09-bc6f35792e73