VANCOUVER, BC / ACCESSWIRE / October 15, 2020 / YDX Innovation Corp (TSXV:YDX)(OTC PINK:YDRMF)(FSE:A2PB03) (“YDX” or the “Company”), is pleased to announce they have signed on October 14th, 2020, a non-binding Letter of Intent (“LOI”) to acquire all of the outstanding shares of Amuka Ventures Inc., DBA “Amuka Esports & Gaming” (“Amuka Esports”) an arm’s length private Toronto-based company. Canada’s leader in esports venues, leagues, online tournaments and content creation, Amuka Esports will merge into the Company’s esports division and the result will be an immediate industry leader in delivering VR, esports, gaming and immersive experiences to consumers around the world. With operations in Canada, USA, Brazil, Sweden and the UK, the collective company will be able to enhance and streamline its operational workflow. This will result in effectively monetizing its existing revenues streams while the Company develops valuable new IP that can be scaled and distributed globally.
YDX Innovation has made significant inroads this year in building a diversified esports ecosystem. Having already acquired Beat Gaming, Purple Mage Advisors and Render recently, the company is ramping up its market share and innovation in the esports industry. “Esports and gaming are core functions of our mission [for this corporate division] to create cutting-edge immersive experiences. We are excited to merge Amuka Esports into our existing esports vertical. We also appreciate the efforts of the Amuka Esports team, who have already built out a large base of active gamers in Canada, to change the way we all experience new and existing forms of entertainment,” according to Daniel Japiassu, CEO of YDX Innovation.
“It’s critical that we, as a new company, commit to leading and innovating the esports and gaming industries; and that means creating an impermeable esports ecosystem, that remains relevant across traditional and non-traditional gaming formats. Our vision for the joint entity will be to bridge the gaps between esports, gaming and entertainment. Our mission is to proudly be driving innovation in digital entertainment here in Canada and throughout the world. Our strategy is laser focused in prioritizing high-margin sales verticals and effectively using the new synergies for new commercialization opportunities,” according to Ben Feferman, CEO of Amuka Esports
Founded in 2019, Toronto based Amuka Esports has been rapidly rolling-up synergistic esports assets that create immediate value to the local gaming community and now include the following:
Waves Gaming: a 14,000 square/foot esports arena in Toronto, ON that hosts over 200 community events and is the largest esports venue in Canada.
EZY Mode: a 4,500 square/foot esports lounge in Windsor, ON, the only esports venue in the city.
Incendium Gaming: a leading tournament organizer which has produced world…
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