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Marquee Raine Acquisition Corp and Enjoy Technology Announce Accelerating Expansion with Partners and Significant Engagement from Current and Key Investors to Increase Certainty of Transaction Closing

Marquee Raine Acquisition Corp and Enjoy Technology Announce Accelerating Expansion with Partners and Significant Engagement from Current and Key Investors to Increase Certainty of Transaction Closing

Increase Enjoy's Inventory Access to meet demand in Time for 2021 Holiday Season.

Now expect investment in mobile stores to double footprint to Nearly 100 North American Markets and Expand Addressable Population to Over 235 Million people Globally. Investment in Mobile Stores will Expand Footprint and More Than 100 Million People Worldwidely

For the current and key investors, a combined merger of business and acquiring shares will be achieved in early Q4 with the return of its respective shares.

- In connection with the previously announced business combination between Marquee Raine and Enjoy, the Marques announced today. /PRNewswire Marquie & PALO ALTO, Calif., Sept. 14,

"We continue to see an incredible increase in demand for Enjoy experiences and services," said Ron Johnson, CEO and Founder of Enjoy. "The new launch of our Smart Last MileTM solution in North America reflects the trust of key partners who have asked us to expand our services to as many markets as possible. To satisfy the growing demand for personalized 'Commerce at Home' experiences, we expect to begin 2022 with more than 1,000 mobile stores to support our goal of serving nearly 100 markets in North America by the end of next year."

The investor materials outline Enjoy's recent business developments and operating performance, including:: the recent economic and economic developments.

  • Enjoy is launching a complete Smart Last MileTM solution in the US in Q4 2021. This transformational change will allow Enjoy to access significantly more inventory and address a larger share of its partners' customer demand. Enjoy plans to serve all existing US markets with this solution in time for the holiday season 2021.
  • Enjoy plans to expand to more than 45 new markets across North America by 2022 as response to requests from its partners. With this substantial geographic expansion, Enjoy will serve approximately 100 markets in North America and expand its global population coverage from 200 million to about 235 million addressable customers. Expanded expansion with Apple in the Summer 2021 triples Enjoy's reach with the Apple expansion to cover more than 67 million addressable consumers in 14 markets.
  • To meet these expansion needs, Enjoy will pull forward a $10 million investment to give it the certainty that it can begin 2022 with more than 1,000 mobile stores. This investment gives Enjoy great confidence in its 2022 plan and path to reach company-level profitability in 2023.
  • Enjoy currently expects to achieve 2021 forecast revenue of 109 million dollars.
  • With a Q2 2021 revenue per visit exit rate of 77 globally and $84 in North America, Enjoy continues to have confidence in reaching its 20-21 and 2022 revenue/per visit forecasts.
  • Enjoy expects to achieve mobile store profitability in Q4 2021.

Certain shares have secured a monetary balance of up to $100 million, if necessary, with recurring shareholders redemptions. Enjoy and Marquee Raine adjusted the company's approximate pro forma enterprise value from $1.18 to $11.6 billion.

Mr. Johnson continued, "Without a long time to get ahead of the COVID-19-related challenges, we continue to achieve accelerated growth and momentum. We are continuing to redouble our revenue targets and continue on track We believe that we'll close the business together with Marquee Raine early in the fourth quarter. We appreciate the ongoing support of Marquee Raine and all our investors as we invest the necessary resources to meet the growing demand for Experience and services.

Investor presentations can be obtained via the SEC website at www.sec.gov and are also available at Enjoy's website on Enjoy.com/investors.

Marquee Raine and Enjoy expect the business alliance to be completed [early] in the fourth quarter of 2021. The combined company will operate as Enjoy Technology Inc. and its common stock and warrants will be listed on the Nasdaq stock exchange respectively under the new ticker enjoyments "ENJY" and "enjay

About Marquee Raine Acquisition Corp.

Marquee Raine Acquisition Corp. is a blank check company, whose business is to combine the two or three companies and entities in one or more of these companies. In any business, it may pursue an acquisition opportunity, but it's also focused on high-growth sectors of TMT, such as interactive entertainment, real money gaming, digital media, sports and sports-enabled assets, health and

Enjoy Technology

Enjoy Technology is a technology-powered platform reinventing "Commerce at Home" to give the best of the store directly to the customer. Enjoy formed multi-year commercial relationships with the world's leading consumer brands to bring the products, services and subscriptions their customers love through the door directly in their comfort and convenience. Enjoy has pioneered a new retail experience that we believe can do all the telecommunications offers, but better, through its mobile stores. Enjoy operates currently in the United States, Canada, and the USA. Enjoy is a leading company with HQ in Palo Alto, CA. Its headquarters are in the heart of the new market: "Commerce at Home." For more information about Enjoy, please visit the website www.enjoy.com.

Forward-looking Statements, forward-Looking.

This press release contains certain forward-looking statements relating to the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. The Company's business strategy, its research efforts, and its proposed plans to scale and expectations include, but are not limited to, statements concerning the anticipated consummation of the business and the transaction related thereto, estimates and forecasts of These forward-looking statements generally identify as "believe," "project,"" "expect,"," ("anticipate,"", "intend," or "strategy," the "plan," will "propose Forecasts and projections are statements about future events, not predictions of actual performance. This forward-looking statement is provided for illustrative purposes only and is not intended to serve as and must not be relied upon by any investor as a guarantee, assurance, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Enjoy and Marquee Raine. Upon completion of the proposed business combination, the occurrence of a short-term loss of profit in the business, resulting from the collapse of some existing companies, (i) the impact of such repercussions in achieving The foregoing list of factors is not exhaustive. The SEC examines the above two main factors: the risk and the uncertainties described in Marquee Raine's proxy statement/prospectus filed on May 14, 2021, as amended, the Final Report of Marques Rainer These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. The forward-looking statements speak only until the date they are made. You should not put unreasonable reliance on forward-looking statements. Enjoy and Marquee Raine assume no obligation and do not intend to update or revise these forward forwardlooking actions, whether in future or otherwise. No guarantee is given to either Enjoy nor Marquee Raine or the combined company. Enjoy or Marquque or any other company will achieve its expectations.

Additional information What, and where and how to find it.

Marquee Raine filed a registration statement for Form S-4, including yen chris, and the SEC, in connection with the proposed business combination between Enjoy and Marque. Investors and security holders of Marquee Raine should read the registration statement, the proxy statement/prospectus and all other relevant documents that will be filed with the SEC in connection with a proposed transaction as soon as they become Marquee Raine, owner of the SEC's website at www.sec.gov, may obtain the copies of a proxy statement/prospectus and other documents filed with the company by an investor and security guard in the The information contained in this press release, or that may be accessed through, is not incorporated into, and isn't a part of this release.

Participants in Solicitation participated in the solicitations.

Depending upon the proposed business combination, Marquee Raine's sponsor and its respective directors, executive officers, members of management and employees may be considered participants in the solicitation of proxies from Marques Rainer'' Investors and security holders may obtain more detailed information regarding the names and interests in Marquee Raine's business merger, including the proxy statement/prospectus of the directors and officers of Marques Rainer'', and the You may get copies of these documents by yourself as described in the preceding paragraph.

No offer or solicitation.

There are no securities laws of any such jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities law. This press release does not constitute an offer to sell or repurchase, nor does it constitute

SOURCE Enjoy the sour taste.

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