X1 Esports and Entertainment Ltd. Announces Official Name Change to X1 Entertainment Group Inc. Following the completion of several acquisitions in 2022, X1 Entertainment Group intends to continue building a top tier entertainment brand focused on gaming, esports,
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X1 Esports and Entertainment Ltd. Announces Official Name Change
to X1 Entertainment Group Inc.
Following the completion of several acquisitions in 2022, X1 Entertainment Group
intends to continue building a top tier entertainment brand focused on gaming, esports,
social media influencer management and other related media
VANCOUVER, BC – October 19, 2022 – X1 Entertainment Group Inc. (CSE: XONE; OTCQX:
XOEEF; FSE: ZI0) (“ X1” or the “ Company”), a video games a nd media portfolio company, is
pleased to announce that it has completed its name change from “X1 Esports and Entertainment
Ltd. to “X1 Entertainment Group Inc.”
“The change of name from X1 Esports and Entertainment to X1 Entertainment Group represents
the next phase of consolidation and streamlining of our brand and portfolio,” said Mark Elfenbein,
CEO of the Company. “As we continue to build out our portfolio and expand into the fastest
growing areas of gaming, esports, and the creator economy, having clear association and
cohesion throughout the X1 brands will become increasingly important and valuable.”
The official name change comes after a notable year of acquisition -fueled growth which saw X1
add influencer management company, Tyrus LLC, and Rocket League news outlets ShiftRLE,
and Octane.GG to its existing portfolio which includes esports organization Rix.gg.
As a supplementary shift, Tyrus LLC , will be officially renamed ‘X1 Talent Corp.’, and ShiftRLE
and Octane.GG will be operated under ‘X1 Media & Network’, a new, media-focused division of
the Company.
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About X1 Entertainment Group Inc.
X1 Entertainment Group Inc. is a gaming and entertainment company that helps connect brands
with Gen-Z and millennial audiences all over the world through a diverse portfolio of assets which
includes an Esports team, a talent management agency, and other integrated media assets. The
company’s assets are in three main verticals: Media & Network, Creator Economy, and Gaming
& Esports. X1 is continuing to build upon its existing portfolio of assets through a combination of
organic growth and accretive M&A.
Mark Elfenbein
CEO and Director
www.X1Esports
Cautionary Statement
This news release contains certain forward -looking information and forward -looking statements
within the meaning of applicable securities legislation (collectively “ forward-looking
statements”). The use of any of the words “will”, “intends” and similar expressions are intended
to identify forward -looking statements. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or events to differ materially from
those anticipated in such forward -looking statements. Such forward -looking statements should
not be unduly relied upon. Actual results achieved may vary from the information provided herein
as a result of numerous known and unknown risks and uncertainties and other factors.