VANCOUVER, BC, Nov. 30, 2021 /CNW/ - Swarmio Media Holdings
Inc. (CSE: SWRM) ('Swarmio' or 'the Company'), a vertically
integrated, end-to-end gaming and esports platform that helps
telcos and game publishers engage and monetize the gaming industry,
announced today the appointment of Larry
Taylor, CPA, as Board Chair and Chair of Swarmio's Audit
Committee.
As a former Managing Partner of Ernst & Young Management
Consulting, Mr. Taylor brings to Swarmio significant experience in
corporate governance and financial oversight. He has held several
senior leadership roles including CEO Americas at global foreign
exchange operator Travelex plc, and Canadian President at Dollar
Financial Group. Larry has broad management consulting experience
assisting various multinational and regional companies in
transforming their organizations. He also has experience as an
investor and independent board member. Larry is Board Chair of
several publicly traded companies including: VIQ Solutions Inc,
Nasdaq:VQS and TSX:VQS; Spark Power Corp., TSX:SPG; as well Audit
Committee Chair for Drone Delivery Canada Corporation,
TSXV:FLT.V.
"Larry brings extensive business experience and relationships
that will complement management's reach with telecommunications
operators and game publishers," said Vijai
Karthigesu, CEO of Swarmio Media. "As Board Chair, his
leadership and acumen will provide strong direction for the Company
as we execute our growth plan over the coming months. On behalf of
everyone at Swarmio Media, I'd like to welcome Larry to our
Board."
"Swarmio has a very unique and compelling solution able to bring
value to both global telecoms operators and game developers and
publishers," said Larry Taylor. "It
will be up to Vijai and the talented team he's assembled to take
advantage of the major opportunities this presents, and I have
every confidence they'll do that. I'm excited to play a part in
scaling this organization and see Swarmio become the next big
Canadian success story."
Swarmio Media Holdings also announces the appointment of Sophic
Capital Inc. ("Sophic Capital" or "Sophic") as its Capital Markets
advisor. Sophic Capital is a comprehensive capital markets advisory
firm and will focus on increasing investor awareness of Swarmio by
developing a comprehensive communications strategy and introducing
Swarmio to investment advisors, investment dealers, institutions
and other financial professionals.
Swarmio's engagement with Sophic Capital is a 12-month term, on
a fee-for-services basis of CAD$10,000 per month. In addition, Swarmio has
granted Sophic 500,000 options to purchase Swarmio shares at a
price of $0.35 per share. The options
will vest in accordance with the company's ESOP plan.
About Swarmio Media
Swarmio is a technology company that is focused on providing an
end-to-end gaming and esports platform for telcos to monetize their
subscribers. Using its patented edge computing technology,
Swarmio has engaged with several telcos that have launched
its solution allowing their subscribers to access tournaments,
engage in a localized gaming community, challenge friends and
influencers and earn points that can be used to purchase gaming
content.
Cautionary Note Regarding Forward-Looking Statements
Information set forth in this news release may involve
forward-looking statements under applicable securities laws.
Forward-looking statements are statements that relate to future,
not past, events. In this context, forward-looking statements often
address expected future business and financial performance, and
often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or
event "may", "might", "could", "should", or "will" be taken or
occur, or other similar expressions. All statements, other than
statements of historical fact, included herein including, without
limitation: statements about the Company's growth, the Company's
ability to capitalize on the major global opportunity in the gaming
and esports market, anticipated benefits to the Company's partners
and their customers from using the Company's products, ongoing
discussions with potential new customers or partners and the
possibility that such discussions may result in additional
contracts or revenue for the Company, the Company's future plans,
its goals and expectations, including but not limited to, the
Company's continuing ability to enter into agreements to deploy its
products with international telecommunications companies and game
publishers and its ability to monetize these agreements through
generating SaaS based revenues are forward-looking statements. By
their nature, forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements, or other future events, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include, among others, the risks
identified in the Companies long-form prospectus dated November 10, 2021 (which can be accessed through
the Company's profile on www.sedar.com). Forward-looking
statements are made based on management's beliefs, estimates and
opinions on the date that statements are made and the respective
companies undertakes no obligation to update forward-looking
statements if these beliefs, estimates and opinions or other
circumstances should change, except as required by applicable
securities laws. Investors are cautioned against attributing undue
certainty to forward-looking statements.
SOURCE Swarmio Media Holdings Inc.