$GEGR News this week shows us the company is focused on growing its presence in the high value gaming market sector. Just the right time of year for this too...
Gaensel Energy, Inc. Announces Major Rebranding Alongside Acquisition of Majority Ownership in VR/AR/AI Software Studio Metro VR
Metro Controls Dynamic VR Gaming Portfolio in Stores on Oculus, Playstation, Steam in time for Holiday Retail Rush, Part of the Multi-Billion Dollar VR Gaming Market
Salt Lake City, Utah--(Newsfile Corp. - October 28, 2020) - Gaensel Energy, Inc. (OTC PINK: GEGR) is pleased to announce an evolution in its business model as a Holding Company focused in Energy, Manufacturing, Software and Technology with the acquisition of majority ownership in Metro VR Studios (https://metrovrstudios.com), a Software/Technology Company specializing in Virtual and Augmented Reality, and Artificial Intelligence.
Metro VR controls a dynamic suite of virtual reality games coming soon or currently available on industry leading platforms such as Oculus and Steam including Aerial Combat 'Space Racers' with Mario Kart like game play-only with VR Flying mechanics, 'Kid Air Combat', an Aerial Mission & Land Based Sci-Fi game, 'Quest of the Pirate King' a swash-buckling multiplayer high seas adventure , 'Lost Treasures of Endor', described as a Lara Croft meets Zelda VR fantasy adventure, and the company's recently launched flagship game, ORION 13, a First Person "hack & slash" action-adventure.
Virtual reality (VR) in the gaming market was valued at USD 7.7 billion in 2019 and is projected to reach USD 42.50 billion by 2025, registering a CAGR of 32.75% over the forecast period, 2020 - 2025. VR technology has gained widespread recognition and adoption over the past few years.
According to NewGenApps, by 2025, the worldwide user base of AR and VR games is expected to grow to 216 million users.
The Metro VR Management team has extensive experience in building software, portals, websites and gaming engines. Key factors include:
Team has successfully completed and launched a AA quality title in under 2 years-the company foundation is built and prepared for rapid concurrent development of multiple titles
Established relationships with the indie developer eco-system enables us to rapidly scale development resources up to over outsourced contractors
Internally developed IP decreases game development time significantly, allowing us to build and publish titles more rapidly
Established deep-rooted relationship in Montreal game ecosystem for larger expansion
Proven track record of delivering shareholder value
Metro VR CEO Michael Clebnik has formerly served as CEO of Stumpworld Systems, overseeing growth to 110 employees, raising >$8m in Venture Capital and then acquired by a publicly traded financial firm for over $60m; this before founding American Fantasy Sports an early innovator in daily fantasy sports contests. He then founded NLOP.com the USA's largest free to play poker portal, which struck partnerships with NBCSports, Miller Brewing, UFC, WWE and other media properties. NLOP.com sold to Zen Gaming in 2010.
Metro Co-Founder and President Scott Matalon was founder and President of Stumpworld Systems and developed Web/E-com presence for top-tier media and entertainment brands, including Aerosmith, Rolling Stones, SONY, NYNEX, AOL Canada and more. As well, he was the author of best-selling, award winning "Online Merchant" E-commerce software, sold in CompUSA, BestBuy and Staples.
GEGR CEO Helmut Gaensel states, "We are thrilled with this acquisition. The Company has rebranded as a Holding Company to capitalize on a number of exciting opportunities management has cultivated in light of 2020's pandemic, to ensure what we believe to be a highly potent catalyst for near-term shareholder growth and an influx of exciting acquisitions, partnerships and revenue streams. Metro VR Studios is the first in a series of acquisitions we will be announcing in Q4."
About Metro VR Studios: Metro VR Studios is an independent VR development company located in Boston, Massachusetts focused on developing high-quality, character-driven action & adventure games for virtual reality on Oculus, Vive and PS4. We are working on multiple VR game titles featuring strong main characters, unique multi-character playmodes, and movie-like plot arcs… each of which brings a unique vision of VR gameplay to this exciting and rapidly developing medium.
Metro VR on Twitter: https://twitter.com/metrovrstudios
$GEGR Enters Multi-Billion Dollar VR/AR/IA With Majority Ownership Acquisition Of Metro VR Studios
Cannot view the video? Visit:
https://www.youtube.com/watch?v=3EpvQwvO1HA
Forward-Looking Statement
This press release includes "forward-looking statements" within the meaning of U.S. federal securities laws. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue" and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results and, consequently, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements and factors that may cause such differences include, without limitation inability to enter into a definitive agreement with respect to the proposed transaction or to complete the transactions contemplated by the non-binding term sheet, matters discovered by the parties as they complete their respective due diligence investigation of the other. Other factors include the possibility that the proposed transaction does not close, including due to the failure to receive required security holder approvals, or the failure of other closing conditions. The foregoing list of factors is not exclusive. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made.
Contact Information: admin@gegrgroup.com
Gaensel Energy Group Website: http://www.gegrgroup.com
Gaensel on Twitter: https://twitter.com/gegrgroup
Gaensel Energy, Inc. Announces Major Rebranding Alongside Acquisition of Majority Ownership in VR/AR/AI Software Studio Metro VR
Metro Controls Dynamic VR Gaming Portfolio in Stores on Oculus, Playstation, Steam in time for Holiday Retail Rush, Part of the Multi-Billion Dollar VR Gaming Market
Salt Lake City, Utah--(Newsfile Corp. - October 28, 2020) - Gaensel Energy, Inc. (OTC PINK: GEGR) is pleased to announce an evolution in its business model as a Holding Company focused in Energy, Manufacturing, Software and Technology with the acquisition of majority ownership in Metro VR Studios (https://metrovrstudios.com), a Software/Technology Company specializing in Virtual and Augmented Reality, and Artificial Intelligence.
Metro VR controls a dynamic suite of virtual reality games coming soon or currently available on industry leading platforms such as Oculus and Steam including Aerial Combat 'Space Racers' with Mario Kart like game play-only with VR Flying mechanics, 'Kid Air Combat', an Aerial Mission & Land Based Sci-Fi game, 'Quest of the Pirate King' a swash-buckling multiplayer high seas adventure , 'Lost Treasures of Endor', described as a Lara Croft meets Zelda VR fantasy adventure, and the company's recently launched flagship game, ORION 13, a First Person "hack & slash" action-adventure.
Virtual reality (VR) in the gaming market was valued at USD 7.7 billion in 2019 and is projected to reach USD 42.50 billion by 2025, registering a CAGR of 32.75% over the forecast period, 2020 - 2025. VR technology has gained widespread recognition and adoption over the past few years.
According to NewGenApps, by 2025, the worldwide user base of AR and VR games is expected to grow to 216 million users.
The Metro VR Management team has extensive experience in building software, portals, websites and gaming engines. Key factors include:
Team has successfully completed and launched a AA quality title in under 2 years-the company foundation is built and prepared for rapid concurrent development of multiple titles
Established relationships with the indie developer eco-system enables us to rapidly scale development resources up to over outsourced contractors
Internally developed IP decreases game development time significantly, allowing us to build and publish titles more rapidly
Established deep-rooted relationship in Montreal game ecosystem for larger expansion
Proven track record of delivering shareholder value
Metro VR CEO Michael Clebnik has formerly served as CEO of Stumpworld Systems, overseeing growth to 110 employees, raising >$8m in Venture Capital and then acquired by a publicly traded financial firm for over $60m; this before founding American Fantasy Sports an early innovator in daily fantasy sports contests. He then founded NLOP.com the USA's largest free to play poker portal, which struck partnerships with NBCSports, Miller Brewing, UFC, WWE and other media properties. NLOP.com sold to Zen Gaming in 2010.
Metro Co-Founder and President Scott Matalon was founder and President of Stumpworld Systems and developed Web/E-com presence for top-tier media and entertainment brands, including Aerosmith, Rolling Stones, SONY, NYNEX, AOL Canada and more. As well, he was the author of best-selling, award winning "Online Merchant" E-commerce software, sold in CompUSA, BestBuy and Staples.
GEGR CEO Helmut Gaensel states, "We are thrilled with this acquisition. The Company has rebranded as a Holding Company to capitalize on a number of exciting opportunities management has cultivated in light of 2020's pandemic, to ensure what we believe to be a highly potent catalyst for near-term shareholder growth and an influx of exciting acquisitions, partnerships and revenue streams. Metro VR Studios is the first in a series of acquisitions we will be announcing in Q4."
About Metro VR Studios: Metro VR Studios is an independent VR development company located in Boston, Massachusetts focused on developing high-quality, character-driven action & adventure games for virtual reality on Oculus, Vive and PS4. We are working on multiple VR game titles featuring strong main characters, unique multi-character playmodes, and movie-like plot arcs… each of which brings a unique vision of VR gameplay to this exciting and rapidly developing medium.
Metro VR on Twitter: https://twitter.com/metrovrstudios
$GEGR Enters Multi-Billion Dollar VR/AR/IA With Majority Ownership Acquisition Of Metro VR Studios
Cannot view the video? Visit:
https://www.youtube.com/watch?v=3EpvQwvO1HA
Forward-Looking Statement
This press release includes "forward-looking statements" within the meaning of U.S. federal securities laws. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue" and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results and, consequently, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements and factors that may cause such differences include, without limitation inability to enter into a definitive agreement with respect to the proposed transaction or to complete the transactions contemplated by the non-binding term sheet, matters discovered by the parties as they complete their respective due diligence investigation of the other. Other factors include the possibility that the proposed transaction does not close, including due to the failure to receive required security holder approvals, or the failure of other closing conditions. The foregoing list of factors is not exclusive. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made.
Contact Information: admin@gegrgroup.com
Gaensel Energy Group Website: http://www.gegrgroup.com
Gaensel on Twitter: https://twitter.com/gegrgroup
