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Global Sports Entertainment completes reverse merger

18 May 2016

(PRESS RELEASE) -- Global Sports Entertainment, a Florida corporation, announced today that it completed a reverse merger on May 10, 2016, in which Global Fantasy Sports, a Florida corporation, became a wholly owned subsidiary of the Company. Shares of the Company's common stock are currently quoted on the OTC Markets under the symbol "GSEG".

ABOUT: Global Sports Entertainment is a development stage 2nd Screen Entertainment company bringing a next generation fantasy sports platform principally focused on delivering a fresh fan centric and regulatory compliant approach featuring a dynamic 2nd Screen experience to all fans of televised sports including daily fantasy sports gamers. According to recent national surveys, 83% of live sports viewers now use a second screen (i.e., smartphone, tablet or laptop PC) simultaneous with their sports viewership.

The Company's Chairman, Mr. Ian Rosenblatt said, "This is an extremely exciting time to introduce our second generation daily fantasy sports 2.0 vision of an everyday fan-focused product. By producing authentic, socially engaging, second screen game experiences with advanced data tools and content integrated into play, GSE aims to create the perfect complement for sports viewing entertainment worldwide for all players. Through transparency, collaboration with our players and a dedication to unique game design in every sports vertical, we believe GSE will become a world leader in the ever-growing Fantasy Sports industry."

Mr. Rosenblatt continued, "The first generation daily fantasy sports competition sponsors spent $700 million worth of advertising in 48 months to launch the DFS industry. They attracted nearly 9 million to daily fantasy sports gaming and 4 million active players out of the 56.8 million active fantasy sports participants in North America. We're clearly just at the beginning of penetrating the $26 billion Fantasy Sports market. There's still a huge market that's untapped."

Marc Brody, Vice President of US Operations added, "We strongly believe that the states' legislative response to regulate the DFS space is the appropriate reaction to ensure consumer protections for all sports fans who enjoy playing DFS. The 'get rich quick' 'DFS 1.0' or the lottery ticket model created by the incumbents is simply not sustainable. GSE has the opportunity to bring a new fresh and transparent approach to the market, 'DFS 2.0.' We see a very discernible window of opportunity to bring a more engaging second screen product to the marketplace and will leverage our agile development team to take advantage of the ever changing player demands through fast and efficient iteration and innovation."

The Company's new management team includes Global Fantasy Sports' Chairman of the Board, Ian Rosenblatt; its CEO, Jason Butler; its Chief Technology Officer, Simon Kaastrup-Olsen; its Chief Financial Officer, Andrew Mann; its Chief Operating Officer, David Gill; and VP General Manager for US Operations, Marc Brody. The Company's Board of Directors now consists of Mr. Rosenblatt, Mr. Mann and Mr. Gill all of whom were directors of GSE prior to the merger.
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