New CEO to focus on revamping user experience, negotiating strategic alliances and increasing Intema subsidiary’s revenue
MONTREAL, Jan. 11, 2022 (GLOBE NEWSWIRE) -- Intema Solutions Inc. (“Intema” or the “Corporation”) (TSXV: ITM, OTCMKTS: ITMZF) is pleased to announce the appointment of Ty Root as the new CEO of its HypeX.gg subsidiary. Mr. Root replaces Evan Ryer, who has stepped down as CEO to pursue his professional goals.
Ty Root is a strong leader, well versed in the games and media space, always quick to build talented teams that help create and produce engaging content and platforms, whether for video, web or digital publications. Before joining Intema and HypeX, Ty was Vice-President of Production and Delivery Operations for Subvrsive, a studio/agency specialized in conceptualizing and creating immersive VR, AR and web-based experiences for brands and media companies. Over his 15-year career, Ty has built a strong track record of successful partnerships with renowned players such as Samsung, WPP, Google, Lionsgate, Ford and Apple and secured creative alliances with Snapchat, Facebook and TikTok. Ty was also a key player in the success of IGN and Gamespot’s video strategy, and helped in the creation of the IGN Pro League, one of the first US-based esports leagues specializing in StarCraft.
“I am incredibly excited to have Ty take over the reins as HypeX’s new CEO,” said Evan Ryer, former CEO of HypeX.gg. “Ty brings to the table a long list of skills and veteran expertise that will enable Intema to propel HypeX into an entirely new league within the esports tournament space. This marks a new era in Intema's path to greatness and I'm super excited to see what's to come in 2022, it's going to be big, I’m sure of it.”
“We are thrilled that Ty has agreed to join our team and we welcome him to the fold,” said Laurent Benezra, President and Chief Executive Officer of Intema. “Ty has extensive experience in all the areas we’re looking at to grow HypeX.gg’s business, including strong team management, content strategy and production and partnership-building. In his new role and as part of his growth strategy, Ty will work to revamp HypeX.gg’s user experience with a big site refresh by adding functionalities, increasing revenues through brand sponsorships and tournament providers, negotiating strategic alliances with game publishers to allow HypeX.gg to provide amazing stat aggregation for its user base, creating a new wagering system to allow players to compete with one another with safe and fast payouts, and making HypeX.gg a recognizable force in the esports space, further cementing Intema as the premiere player in iGaming and esports.”
The Corporation thanks Evan for his contribution and wishes him all the best in his future endeavours.
HypeX.gg is the world's leading esports social gaming platform, specializing in peer-peer gaming, API based stat aggregation and social function integration. HypeX.gg is the home of free-to-enter tournaments that offer cash prizes. Your stats automatically track as you play. Just play the selected game following the tournament rules, and watch your stats magically appear in the tournament leaderboard. Gaming with HypeX.gg now pays more than ever!
Intema Solutions Inc. is the world’s emerging leader in the esports and iGaming industry. Our mission is to bring the excitement of esports betting to the entire world through fully licensed, secure online platforms. Our ecosystem consists of subsidiaries in esports, iGaming, product branding, digital advertising and marketing campaign design that are all complementary drivers of our future revenue growth. For more information, please visit our corporate website at intema.ca.
President and CEO
This press release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements” within the meaning of applicable Canadian securities laws. All statements, other than statements of historical facts, included in this press release, including, without limitation, those regarding the Private Placement; the expected development of the Corporation’s business and projects; execution of the Corporation’s vision and growth strategy; sources and availability of financing for the Corporation’s projects; and future liquidity, working capital, and capital requirements, are forward-looking statements. Although the forward-looking statements in this press release are based upon what management of the Corporation believes are reasonable assumptions, they are inherently subject to significant business, economic and competitive uncertainties, and contingencies, and there can be no assurance that they will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-Looking statements can generally be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements in this press release relate to, among other things, statements relating to the terms of the Private Placement and the terms of the Proposed Transaction; Intema’s future outlook and anticipated events or results; and the completion of the Private Placement and the Proposed Transaction. Actual future results may differ materially. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. The Corporation’s statements expressed or implied by these forward-looking statements are subject to a number of risks, uncertainties, and conditions, many of which are outside of the Corporation’s control, and undue reliance should not be placed on such statements. Forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding the Private Placement and the Proposed Transaction, including: that the Corporation’s assumptions in making forward-looking statements may prove to be incorrect; general adverse market conditions and competition; the inability to finance operations and/or obtain any future strategic investment necessary to implement new technologies; the inability to build a sustainable, conscientious company with a stronger presence online through new products in esports and gaming; the inability to obtain, or maintain, gaming license(s); and that market conditions related to the COVID-19 pandemic may negatively affect the outcome of the business or operations of the Corporation, including its results and financial condition. Except as required by securities law, the Corporation does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise. The Corporation undertakes no obligation to update forward-looking statements except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
© 2022 GlobeNewswire, Inc. All Rights Reserved.