KENNETT SQUARE, PA — Good Gaming Inc. (OTCQB: GMER) announced that ViaOne Services, a key financial backer of the company, plans to purchase up to 10% of its outstanding shares on the open market in 2025. This move underscores ViaOne’s confidence in the company’s potential and its commitment to long-term growth.
ViaOne’s financial support for Good Gaming Inc. has already exceeded $2 million, which has been converted into equity. The planned share purchase follows a recent strategic planning session where Good Gaming identified key opportunities in the expanding mobile gaming market, particularly in the play-to-earn and cryptocurrency arenas.
The global mobile gaming market, projected to reach $432 billion by 2028 with 1.9 billion gamers worldwide, presents significant growth potential. To capitalize on this, Good Gaming will pivot in 2024 from game development to focusing on marketing and distributing mobile app games. The strategy includes pre-loading popular games onto cellular devices through partnerships with ViaOne subsidiaries enTouch Wireless and Assist Wireless, with plans to expand distribution through additional carriers.
“I am confident that Good Gaming is on the brink of an exciting future,” said Jordan Axt, Chief Marketing Officer of Good Gaming Inc. He emphasized the company’s focus on leveraging core strengths and partnerships to meet rising demand in the mobile gaming sector.
With ViaOne’s increasing stake and strategic backing, Good Gaming looks to strengthen its presence in the fast-growing mobile gaming industry.
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