Glory Star New Media Group Holdings Limited Announces Hiring of Capital Market Veteran As its Advisor
July 14 2020 - 7:00AM
Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) (“Glory
Star” or the “Company”), a leading mobile and online digital media
and entertainment company in China, is pleased to announce that
Glory Star has engaged Mr. Steven Antebi, a U.S. capital market
veteran, as its adviser. Mr. Antebi is presently the manager
of Maple Capital Management, a position he has held from 1993 to
the present. Maple invests in Global Equities and structured
debt. Mr. Antebi is currently the chairman of the board and
co-founder of Crunch Digital and the Royalty Review Counsel.
Both companies are leaders in the field of royalty accounting and
intellectual property rights management, with particular emphasis
on the music industry. Prior to that, Mr. Antebi served for
twenty years in various senior positions at Bear Stearns and
Company, including institutional sales, trading the firm’s capital
in the over the counter market, syndicate distribution, and outside
investment banking. Mr. Antebi will receive 2,000,000
non-qualified stock options as a consultant to the Company at a
strike price of $3.60 and shall vest over a 14 month period.
About Glory Star New Media Group Holdings Limited
Glory Star New Media Group Holdings Limited is a
leading mobile entertainment operator in China. Glory Star’s
ability to integrate premium lifestyle content, including short
videos, online variety shows, online dramas, live streaming, its
Cheers lifestyle video series, e-Mall, and mobile app, along with
innovative e-commerce offerings on its platform, enables it to
pursue its mission of enriching people’s lives. The company’s large
and active user base creates valuable engagement opportunities with
consumers and enhances platform stickiness with thousands of
domestic and international brands.
Safe Harbor Statement
Certain statements made in this release are
“forward looking statements” within the meaning of the “safe
harbor” provisions of the United States Private Securities
Litigation Reform Act of 1995. When used in this press release, the
words “estimates,” “projected,” “expects,” “anticipates,”
“forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,”
“will,” “should,” “future,” “propose” and variations of these words
or similar expressions (or the negative versions of such words or
expressions) are intended to identify forward-looking statements.
These forward-looking statements are not guarantees of future
performance, conditions or results, and involve a number of known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside the Company’s control, that
could cause actual results or outcomes to differ materially from
those discussed in the forward-looking statements. Important
factors, among others, are: the ability to manage growth; ability
to identify and integrate other future acquisitions; ability to
obtain additional financing in the future to fund capital
expenditures; fluctuations in general economic and business
conditions; costs or other factors adversely affecting our
profitability; litigation involving patents, intellectual property,
and other matters; potential changes in the legislative and
regulatory environment; a pandemic or epidemic; and other factors
listed in the Company’s Annual Report on Form 10-K for the year
ending December 31, 2019, and in other filings made by the Company
with the Securities and Exchange Commission from time to time. The
Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by applicable law.
Such information speaks only as of the date of this release.
Contacts
Glory Star New Media Group Holdings Limited Yida Ye Email:
yeyida@yaoshixinghui.com
ICR Inc.Jack Wang Tel: +1 (646) 308-0546 Email:
gsnm@icrinc.com
TKK Symphony Acquisition (NASDAQ:TKKSU)
Historical Stock Chart
From Jun 2024 to Jul 2024
TKK Symphony Acquisition (NASDAQ:TKKSU)
Historical Stock Chart
From Jul 2023 to Jul 2024