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GameSquare Esports Reports Strong Sequential Revenue Growth in Q3 2021 and Accelerated Sales Activity in Q4 2021 11/01/2021 Integration of Strategic Acquisitions Accelerating Revenue Growth in H2 2021 TORONTO , Nov. 01 , 2021 ( GLOBE NEWSWIRE ) GameSquare Esports Inc. ( CSE : GSQ ; FRA : 29Q1 ) ( " GameSquare " , " GameSquare Esports " or the " Company " ) , an international gaming and esports company , today announced its results for the third quarter ended August 31 , 2021 ( all amounts in CDN dollars , unless otherwise indicated ) . The Company has scheduled a conference call to discuss its Q3 FY2021 financial results and provide a business update on November 1 , 2021 , at 5:00 pm ET ( 2:00 pm PT ) . A complete set of Financial Statements and Management's Discussion & Analysis for the three and nine - months ended August 31 , 2021 are accessible on SEDAR at under GameSquare's profile . Q3 FY2021 Highlights • GameSquare reported revenue of $ 2,464,906 which included a full quarter of Code Red and GCN as well as two months contribution by Complexity Gaming , and one month contribution from Cut + Sew ; • For the three months ended August 31 , 2021 , the Company's Teams segment generated revenue of $ 254,066 in North America . The Company's " Teams " segment represents its esports teams which generate revenue through sponsorship , prizes , and player related revenue ; • The Company's Agency services segment generated revenue of $ 2,210,840 ( Europe $ 1,438,472 and North America $ 772,368 ) . The Company's Agency services segment represents its esports agencies which generate revenue through : talent management , influencer promotional fees and consulting ; • The Teams segment generated gross profit of $ 96,845 , while the Agency services segment generated gross profit of $ 590,192 ; • Ended the quarter with $ 13,079,212 of cash and working capital of $ 12,365,615 ; • Acquired 100 % of NextGen Tech , LLC . ( dba . as Complexity Gaming ) ( " Complexity " ) , a leading esports organization and one of only four esports organizations to have an exclusive partnership with Twitch ; • Closed a private placement for US $ 7.0 million , which was subscribed to and filled by the Jerry Jones family and Goff Capital , the former majority shareholders of Complexity ; • Closed a bought deal financing of $ 8.5 million led by Canaccord Genuity , Eight Capital , Haywood Securities and Echelon Wealth Partners ; • Completed the acquisition of Swingman LLC ( dba . Cut + Sew and Zoned ) ( " Cut + Sew / Zoned " ) , a digital lifestyle marketing agency ; • Appointed Paradigm Sports to GameSquare's advisory board . Subsequent Events to Quarter End • TimTheTatman , one of gaming and esports ' biggest personalities , joined Complexity Gaming ; • GCN teamed up with Kraft Heinz brand Bagel Bites to launch the " Unexpected Combinations " relay race ; • GCN partnered with Roc Nation Sports and Uplive to host Call of Duty Tournament with top sports stars ; • GameSquare submitted its application for an OTC QB listing . Management expects its common shares to commence trading on the OTC QB bulletin board in the United States in the very near term ;