MOGO signs LOI with Nils Lahr and OrionsWave to acquire social gaming engine and platform technology

WESTPORT, CT and MUMBAI, INDIA – February 10, 2023 — Mobile Global Esports Inc. (MOGO) (NASDAQ Ticker: MGAM), the mobile esports and social platform company driving collegiate esports tournaments, team, and player development in India, today announced that the Company has executed a letter of intent (LOI) to acquire, implement and relaunch the social challenge and betting platform and technology developed by Nils Lahr and OrionsWave.

Nils Lahr is an American entrepreneur, inventor, and computer scientist known for his work in the streaming media industry. He has shaped Hollywood’s ideas on advanced digital media applications for both broadcast and movies, co-founded the Windows Media division at Microsoft, won an Emmy award in 2005 for “Streaming Media Architecture,” and has helped the largest corporations in the world move to digital media. He co-founded Synergy Sports Technologies and was CTO and architect of iBEAM Broadcasting.

Nils’ protocol development helped bring on the new era of streaming media. He provided streaming expertise for James Cameron’s “Return to the Titanic” project, implemented the first digital studio in the world and the first ad insertion system for banners on the internet, worked with the Olympics to enable them to stream the Beijing Olympics, and provided the US Olympic Basketball team with tools to analyze their competitors using video statistics.

“This letter of intent heralds an important development for MOGO as we continue to assemble the team and underlying technologies for expanding the capabilities and offerings of our esports social media platform,” said Mobile Global Esports CEO Dave Pross. “The opportunity to work with Nils and acquire rights to his proven gaming, challenge and social betting IP is an exciting development for MOGO and we look forward to consummating this deal.”