Alpha Esports Announces Entry Into Adult Gaming; Panels

The acquisition of Heavy chips will more than double Alpha’s current user base to over 390,000.

VANCOUVER, British Columbia, October 12, 2021 (GLOBE NEWSWIRE) – Alpha Esports Tech Inc. (CSE: ALPA) (FSE:9HN), (OTC PINK: APETF), (“Alpha“or the”Society“) announces today that it has signed a definitive agreement to acquire 100% of Heavy Chips Casino and Sports Betting (” Heavy Chips “) from Gamesoft Ltd.

Heavy Chips is a fully operational online gaming site with over 800 popular casino games and over 5,000 sports betting opportunities every day on sports such as soccer, tennis, basketball and more. In total, Heavy Chips provides access to live dealer games, casino slots, arcade casino games, and sports betting. Currently, Heavy Chips has over 240,000 registered players on its website.

“Acquiring an online gaming site like Heavy Chips will be a milestone for Alpha in many ways,” said Matthew Schmidt, Interim CEO. “We will now be active in the adult gaming space, a space that we believe has tremendous potential to help the company increase shareholder value. Ultimately, we think Heavy Chips certainly brings value in a number of ways, especially in terms of revenue, an expanded global user base, and further operational expansion in Europe. “

“We have built a very solid platform in Heavy Chips and will continue to help Alpha maximize its growth potential,” said Maxim Terehovich, CEO of Gamesoft Ltd. “Heavy Chips has seen strong growth in particular over the past few months and we expect this to continue under Alpha ownership.”

Under the terms of this acquisition for the purchase of 100% of Heavy Chips, Alpha will pay Gamesoft C $ 300,000.

About Alpha Esports Tech Inc.

Alpha Esports Tech Inc. is a technology company focused on the emerging industries of esports, mobile games, e-commerce, and other high growth opportunities. Through a strong portfolio of technology assets and products such as GamerzArena, Alpha Esports Tech brings a unique goal of mass appeal to modern gaming platforms. Find out more at: www.alphatech.inc

About Heavy Chips Casino and Sports Betting

Our motto is: you play. We pay.

At Heavy Chips Casino you will find lots of fun, cash and a wide variety of online games to play. Do you want to legally rob our bank? Play Top Quality Casino Games: The newest and most popular slots and live games including roulette, blackjack, baccarat, and more.

Heavy Chips Casino offers all the best games developed by top providers including Booming Games, MrSlotty, NetEnt, iSoftBet, Endorphina, BetConstruct, Playson, Pragmatic Play, Habanero, Oryx, Kalamba, Gamomat, Golden hero, Givme, BetGamesTV, Microgaming, 1x2gaming_MG, NextGen, BetconstructLiveDealer, EvolutionLiveCasino, Ezugi and others.

We want our players to be safe, which is why we only use payment solutions from only the most trusted providers. Payment systems available include Visa, MasterCard, Neteller, Skrill, ecoPayz, MuchBetter, Neosurf, Paysafecard, eps, Flexepin, Zimpler, wire transfer, Astropay and others. It is also possible to fund your account using Bitcoin. For the convenience of players, the online casino accepts deposits in various currencies.

Contact:

Investor Relations: [email protected] – 604 359 1256
Media and public relations: – [email protected]

On behalf of the board of directors
Jonathan anastas
President and director

Forward-looking statement

This press release contains “forward-looking information” within the meaning of applicable securities laws relating to statements concerning the business, products and future of the business of the Company. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. These forward-looking statements are subject to risks and uncertainties which may cause actual results, performance and developments to differ materially from those contemplated by such statements depending, among other things, on the risks that the products and the plan the Company vary from those indicated in this press release and the Company may not be able to achieve its business plans as expected. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward-looking information contained in this press release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The statements contained in this press release are made as of the date of this press release.

The CSE has not reviewed, approved or disapproved of the contents of this press release.