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| Press Release

Alpha Esports Tech Inc. and Irony Inc. Announce Garena Free Fire Esports Tournament in India

VANCOUVER, BC / ACCESSWIRE / February 23, 2021 / Alpha Esports Tech Inc. ("Company" or "Alpha Tech"), through its previously announced partnership with Irony Inc. ("Irony"), announces that it will be hosting its first esports mobile tournament in India on February 25 (the "Tournament"). Top teams from across India will be recruited by Irony to participate in the Tournament, competing in the mobile battle royale video game, Garena Free Fire® ("Free Fire®"). The Tournament will be hosted and operated on the Company's online platform, GamerzArena.

Free Fire® is recognized as one of the most popular mobile games in the world, recently winning mobile game of the year at the 2020 Esports Awards and "Best Popular Vote Game" award from Google Play in 2019. In addition, according to a Sensor Tower report, Free Fire® gained 225 million downloads in the first three quarters of 2020 alone1.

"Hosting mobile esports tournaments exclusive to the Indian market is an exciting way for us to increase our footprint in this rapidly growing market," said CEO, Matthew Schmidt. "Our partnership with Irony will see us hosting a variety of tournaments in India and ultimately allow us to showcase the GamerzArena platform to a significant number of gamers."

Ankit Bhatia, co-founder of Irony, commented, "Esports viewership and fandom are rising much faster than any traditional sport in the world today, yet, as things stand, the biggest brands are missing out on India's esports revolution. This tournament is our first step to change that - by bringing together teams, fans and data on a single stage, we intend to make esports more understandable to the Indian market."

On working directly with Garena - the publisher of Free Fire® - Tushaar Garg, co-founder of Irony, added, "predicated on providing creativity, access and service to marquee publishers operating in the Indian market, we are excited to announce our first of many initiatives with Garena and look forward to deepening this relationship alongside Alpha Tech."

For further information on the tournament, please visit http://irony.gamerzarena.com.

About Alpha Esports Tech Inc.

Alpha Esports Tech Inc. is a technology company that focuses on emerging markets in Esports, mobile gaming, ecommerce, blockchain and high growth opportunities. Through a strong portfolio of technology assets, we bring a new edge to modern gaming. Learn more at: www.alphatech.inc.

Contact:

Investor Relations: ir@alphatech.inc - 604 359 1256
Media: media@alphatech.inc - 917 674 8292

On Behalf of The Board of Directors

Matthew Schmidt
Interim CEO and Director

For further information, please visit www.alphatech.inc, or contact ir@alpahatech.inc.

Forward Looking Statement

This news release contains statements and information that, to the extent that they are not historical fact, may constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as "may", "would", "could", "will", "likely", "except", "anticipate", "believe", "intend", "plan", "forecast", "project", "estimate", "outlook", or the negative thereof or other similar expressions concerning matters that are not historical facts.

Forward-looking information is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company's management to predict all of such factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.

1 https://www.sportskeeda.com/esports/news-esports-awards-2020-garena-free-fire-wins-mobile-game-year#:~:text=Free%20Fire%2C%20the%20game%20developed,three%20quarters%20of%202020%20alone.

SOURCE: Alpha Esports Tech Inc.



View source version on accesswire.com:
https://www.accesswire.com/631193/Alpha-Esports-Tech-Inc-and-Irony-Inc-Announce-Garena-Free-Fire-Esports-Tournament-in-India

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