ESE Entertainment Completes Acquisition of Gaming Production Company, Bombee Americas

Core Viewpoint - ESE Entertainment Inc. has acquired Bombee Global Entertainment Ltd., enhancing its presence in the North American gaming market and positioning itself for future growth and innovation in the industry [1][2]. Acquisition Details - The acquisition was executed through a share purchase agreement, where ESE acquired all outstanding shares of Bombee Americas for a total consideration of $1,500,000 in cash and 30,000,000 common shares valued at $0.10 each [2][3]. - The cash payment structure includes $750,000 at closing, $375,000 six months post-closing, and another $375,000 twelve months post-closing, subject to adjustments based on working capital [2]. Operational Continuity - The founders of Bombee Americas will continue to manage the business under ESE for three years, ensuring operational continuity and a smooth transition [3]. - The acquisition includes the assumption of Bombee Americas' liabilities, which are expected to have a negligible impact on ESE's overall operations [3]. Strategic Implications - This acquisition marks a significant milestone for ESE, referred to as a "2.0 version" of the company, aimed at delivering enhanced value to partners and improving the gaming experience for clients globally [2]. - ESE aims to leverage Bombee's expertise in live production and event management to expand its service offerings in the gaming sector [1][2].