New Wave Esports is here to make great progress across the year of 2020, as the beginning of the new decade means many new opportunities. Its most recent announcement makes it clear that the leading Toronto-based company has appointed a new Chief Financial Officer in order to facilitate its further improvement. Stan Levitt is about to make the upcoming years of operation even more productive and optimized thanks to his previous experience.
The competitive video gaming field is one of the rapidly growing industries on a global level and its powerful presence could also be felt in the Great White North. Bringing innovation and expanded gaming opportunism closer to Canadians while also making the country as competitive as possible has been a long-time goal for New Wave Esports.
Stan Levitt Becomes CFO
The Toronto-based company has been working on its structure for several months now, as it eyes global expansion. The general direction of development could be best complemented by the introduction of a new Chief Financial Officer. Stan Levitt is about to bring everything he is capable of to the table.
He would take the spot of Tiffany Lee, the outgoing CFO and Corporate Secretary of the Company. Ms. Lee has been an integral part of the esports leader’s structure ever since its initial stages of operation and she has contributed a lot to its success. The time had come for a change which prompted her exit from the structure, as well as the appointment of Mr. Levitt. Along with the appointment, he received 600,000 restricted share units of New Wave Esports.
Dan Mitre, Chief Executive Officer of the company, welcomed the new Chief Financial Officer in the team eyeing great development in the upcoming months. Reliable financial models implemented in the line of growth are projected to bring great benefits to the thriving company. With more than two decades of experience in the public accounting across various jurisdictions.
Expansion Around the Globe
Mr. Levitt himself expressed his excitement to be joining the team on the verge of great changes and new projects. New Wave Esports strive to further enhance the fusion between competitive video gaming, esports entrepreneurs, as well as the people well-acquainted with the field. Over the past nine years, he has been part of the Big 4 Accounting Firm, giving him experience related to audits, financial accounting and more.
New Wave Esports also recently announced it closed the second tranche of secured convertible debentures. They could be converted into common shares of the esports leader. Mr. Mitre pointed out that the capital that has been amassed places the company well in the global esports field, putting its portfolio on the map. The company recently issued information about the previously announced expansion with Even Matchup Gaming Inc.
The Toronto-based eSports company has completed the acquisition of Even Matchup, increasing its 18-percent stake in the company to a 100-percent one. The acquired company has been able to produce various competitive video sports gaming events in the past, ranging from Super Smash Bros. and Street Fighter V to Tekken 7, Dragon Ball FighterZ. Get on My Level 2020, a regular event is about to be hosted in Toronto between May 15 and 17.
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Author: Yolina
Yolina has followed closely the latest development on the Canadian gaming scene over the past years, monitoring the land-based, lottery, and online offerings up for grabs. The dynamic nature of the local lottery and casino fields, as well as the opportunities lying ahead of Canada fire her enthusiasm for what is to come. A sports betting enthusiast, in her spare time Yolina could be found in her natural habitat – turning the pages of biographies and catching up on the latest stand-up comedy podcasts.