Press Release

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NASCAR Heat 5 - Next Gen Car Update (2022)

Motorsport Games Inc. have released the NASCAR Heat 5 - Next Gen Car Update offering fans the exhilarating opportunity to experience the debut of the 2022 NASCAR Cup Series Chevrolet Camaro ZL1, Ford Mustang GT, and Toyota Camry TRD Next Gen cars.

MIAMI, June 23, 2023 (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, have released the NASCAR Heat 5 - Next Gen Car Update offering fans the exhilarating opportunity to experience the debut of the 2022 NASCAR Cup Series Chevrolet Camaro ZL1, Ford Mustang GT, and Toyota Camry TRD Next Gen cars.

The Next Gen Car features the cutting-edge design and performance of the 2022 NASCAR Cup Series Next Gen cars. Players will have the chance to compete with these technologically advanced vehicles, complete with their authentic primary paint schemes, team and driver roster. Immerse yourself in the world of NASCAR like never before as you take the wheel of the Chevrolet Camaro ZL1, Ford Mustang GT, or Toyota Camry TRD Next Gen car and race against your favorite drivers.

But that's not all - the Next Gen Car Update also introduces the legendary Bristol Dirt track as a playable option with the 2022 NASCAR Cup Series in Race Now and Online Multiplayer modes. Brace yourself for a pulse-pounding experience as you navigate the challenging terrain of the dirt track and face off against formidable opponents in intense, wheel-to-wheel battles.

"We are thrilled to finally present the Next Gen Car Update to our passionate NASCAR Heat 5 community,” said Stephen Hood, Chief Executive Officer at Motorsport Games. “We know fans have been waiting some time for this update and we hope that they will be excited to hit the track in the 2022 Next Gen NASCAR Cup Series machinery within the ever-popular NASCAR Heat 5 across PlayStation, Xbox and PC platforms.”

The NASCAR Heat 5 - Next Gen Car Update is now available for download for $9.99 on Steam, Xbox Store and PlayStation Store, and players can instantly immerse themselves in the world of Next Gen racing and tackle the challenge of Bristol Dirt in Cup Cars.

For more information about NASCAR Heat 5 and the Next Gen Car Update, please visit https://motorsportgames.com/nascar-heat-2022/index.html

About Motorsport Games:
Motorsport Games, a Motorsport Network company, is a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world. Combining innovative and engaging video games with exciting esports competitions and content for racing fans and gamers, Motorsport Games strives to make the joy of racing accessible to everyone. 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”), as well as the industry leading rFactor 2 and KartKraft simulations. RFactor 2 also serves as the official sim racing platform of Formula E, while also powering Formula 1™ centers through a partnership with Kindred Concepts. 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. Motorsport Games is building a virtual racing ecosystem where each product drives excitement, every esports event is an adventure and every story inspires.

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 timing, participants and expected benefits of the updates related to 2022 NASCAR Cup Series Chevrolet Camaro ZL1, Ford Mustang GT, and Toyota Camry TRD Next Gen cars (“NextGen Cars”) and Bristol Dirt track and related products and updates, the authenticity of authentic primary paint schemes, team and driver roster in the game, whether the experience of the NextGen Cars and/or the Bristol Dirt track will be positive and/or beneficial to the fans, users and/or Motorsport Games. 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, without limitation: difficulties, delays in or unanticipated events that may impact the timing and expected benefits of the the NextGen Cars and/or Bristol Dirt track updates and/or NASCAR HEAT 5 game, generally, and/or related products and updates, such as due to unexpected release delays. 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 Securities and Exchange Commission (the “SEC”), including its Annual Report on Form 10-K for the fiscal year ended December 31, 2021, its Quarterly Reports on Form 10-Q filed with the SEC during 2022, 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.

Contacts:

Investors:
investors@motorsportgames.com

Media:
pr@motorsportgames.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9b1d470d-e187-420e-8104-546d694e093a