Press Release

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NASCAR: Ignition Next Gen

Next Gen car in-game

Update arrives ahead of the season kickoff at the Daytona 500, where Live Fast Motorsports will race with a NASCAR 21: Ignition paint scheme

MIAMI, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games”), a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world, announces today the addition of NASCAR’s Next Gen car to NASCAR 21: Ignition, the officially licensed  video game of the world’s most popular stock car racing series. The Next Gen car update will be available starting Thursday, February 17, 2022 within a new “Test Drive mode” for players on all platforms (PlayStation, Xbox and PC).

The Next Gen car update arrives just in time for the start of the 2022 NASCAR regular season and its first race - the Daytona 500 – scheduled to be held Sunday, February 20, 2022. With the Next Gen cars being the most highly anticipated change coming to NASCAR this year, Motorsport Games has been working on implementing the car into NASCAR 21: Ignition since its launch to ensure that players will have authentic representation of the sport in its most current state. Players can look forward to driving the No. 78 Live Fast Motorsports Next Gen Ford Mustang test car in-game within the all-new Test Drive mode, getting a handle on the new car for the first time.

“Our development team couldn’t be happier about adding Next Gen cars to the current iteration of Ignition, especially prior to the kickoff of the 2022 NASCAR season,” said George Holmquist, Vice President of Publishing and Marketing at Motorsport Games. “We have shared in the excitement of our players and NASCAR fans with this highly anticipated game addition. We made sure to recreate the Next Gen car as close to its real-life counterpart as possible and we can’t wait for everyone to get acclimated with driving the newest stock car in-game, just like the drivers will be throughout the year.”

Not only will users at home get to use the Next Gen cars in-game, but attendees of the Daytona 500 race weekend will have the opportunity to test drive the Next Gen car at the eNASCAR Arcade on site. Players will be able to drive the car around the iconic Daytona International Speedway prior to the showcase event on race day. Motorsport Games representatives will be on hand to assist players and answer questions about the newest update.

In addition, fans can look forward to kicking off the 2022 NASCAR season with a Free Play Weekend of NASCAR 21: Ignition, available on the Xbox platform from February 17 - 20, 2022. The game comes complete with a number of modes, such as Race Now, Online Multiplayer and the brand new Paint Booth. NASCAR 21: Ignition contains all drivers, teams and tracks from the 2021 NASCAR Cup Series season and is accessible for players of all skill levels.

The Daytona 500 weekend will also see Live Fast Motorsports kick off the second year of its partnership with Motorsport Games by racing with a NASCAR 21: Ignition and Xbox-themed scheme on its No. 78 Ford Mustang. This marks the first of seven select races this season that B.J. McLeod’s No. 78 car will feature a Motorsport Games-inspired livery. Additionally, McLeod will race with a custom-designed Motorsport Games helmet and the Live Fast Motorsports pit crew will wear Motorsport Games branded fire suits throughout the season.

To purchase NASCAR 21: Ignition, please visit the PlayStation Store, Xbox Store and Steam.

To keep up with the latest Motorsport Game news visit www.motorsportgames.com and follow on Twitter, Instagram, Facebook and LinkedIn.

About Motorsport Games:
Motorsport Games, a Motorsport Network company, combines innovative and engaging video games with exciting esports competitions and content for racing fans and gamers around the globe. The Company is the officially licensed video game developer and publisher for iconic motorsport racing series across PC, PlayStation, Xbox, Nintendo Switch and mobile, including NASCAR, INDYCAR, 24 Hours of Le Mans and the British Touring Car Championship (“BTCC”). Motorsport Games is an award-winning esports partner of choice for 24 Hours of Le Mans, Formula E, BTCC, the FIA World Rallycross Championship and the eNASCAR Heat Pro League, among others.

Forward-Looking Statements:
Certain statements in this press release which are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are provided pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any statements in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, but are not limited to, statements concerning the Company’s expectations regarding the future impact of new or planned products, features, offerings or events, and the timing of launching such products, features, offerings or events. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Motorsport Games and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to the Company experiencing difficulties and/or delays in enhancing the quality of its product offerings that could negatively impact its future development plans, such as due to difficulties or delays in launching new products, higher than anticipated costs incurred in developing, launching and continuing to enhance and improve such products and/or less than anticipated consumer acceptance of the Company’s products and/or difficulties, delays in or unanticipated events that may impact the timing and scope of new product launches, such as due to delays and higher than anticipated expenses related to the ongoing and prolonged COVID-19 pandemic and related economic lockdowns and government mandates; unanticipated operating costs, transaction costs and actual or contingent liabilities; adverse effects of increased competition; and unanticipated changes in consumer behavior, including as a result of general economic factors, such as increased inflation. Factors other than those referred to above could also cause Motorsport Games’ results to differ materially from expected results. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Motorsport Games and are difficult to predict. Factors other than those referred to above could also cause Motorsport Games’ results to differ materially from expected results. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in Motorsport Games’ filings with the SEC, which may be found at www.sec.gov and at ir.motorsportgames.com, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020, its Quarterly Reports on Form 10-Q filed with the SEC during 2021, as well as in its subsequent filings with the SEC. Motorsport Games anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Motorsport Games assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Motorsport Games’ plans and expectations as of any subsequent date. Additionally, the business and financial materials and any other statement or disclosure on, or made available through, Motorsport Games’ website or other websites referenced or linked to this press release shall not be incorporated by reference into this press release.

Website and Social Media Disclosure:
Investors and others should note that we announce material financial information to our investors using our investor relations website (ir.motorsportgames.com), SEC filings, press releases, public conference calls and webcasts. We use these channels, as well as social media and blogs, to communicate with our investors and the public about our company and our products. It is possible that the information we post on our websites, social media and blogs could be deemed to be material information. Therefore, we encourage investors, the media and others interested in our company to review the information we post on the websites, social media channels and blogs, including the following (which list we will update from time to time on our investor relations website):

The contents of these websites and social media channels are not part of, nor will they be incorporated by reference into, this press release.

Investors:
Ashley DeSimone
Ashley.Desimone@icrinc.com

Press:
Motorsport Games PR
press@motorsportgames.com

A photo accompanying this announcement is available at: https://prdesk.globenewswire.com/ResourceLibrary/ResourceLibrary/GetDynamicThumbnailContentContent/?resourceId=45fa0b15-1f17-4e85-8bc9-2f918f3bdc6d&maxHeight=280&maxWidth=280