MIM Mimedia Holdings Inc

NEW YORK, July 17, 2023 /CNW/ - MiMedia Holdings Inc. (TSXV: MIM) is pleased to announce the addition of Santiago Fontan Balestra as Senior Director of Business Development at MiMedia. 

Mr. Fontan Balestra is a senior executive from the telecom and smartphone industry, with 25+ years of international experience working for leading multinational companies. In his previous role as Sales & Business Development Director Latin America South at Qualcomm, Mr. Fontan Balestra led Qualcomm's relationship with Global OEMs, Local Brands, Mobile Carriers, Retails, ODMs and Business Partners in the southern region of LATAM.  His portfolio included key strategic partners in the region such as Samsung, Motorola, Xiaomi, Oppo, Acer, Lenovo, HP, Dell, Asus, and Alcatel, among others.

While at Qualcomm, Mr. Fontan Balestra developed and led many business and strategic partnerships in the Mobile, Compute and 5G industries across southern LATAM, launched several premium & flagship Qualcomm smartphones plus the first ACPC (Always Connected PC) in Chile, participated in Qualcomm's 4G / LTE launch in Argentina and helped lead Qualcomm's 5G launch in Chile.  Before Qualcomm, Mr. Fontan Balestra held executive positions at Brightstar, the world's largest specialized distributor and a leading global service provider for the mobile phone industry, and Movistar, Telefónica's multinational mobile carrier.

Chris Giordano, CEO of MiMedia, expressed his excitement about Mr. Fontan Balestra joining the team, stating, "We are thrilled to welcome Santiago as Senior Director of Business Development at MiMedia.  He brings to our business development team a first-class reputation and deep relationships with the leading telco and smartphone device players in LATAM, particularly in the southern cone.  His extensive industry experience and proven track record of driving strategic partnerships will greatly contribute to deepening MiMedia's growing market share in the LATAM market and abroad."

Santiago Fontan Balestra shared his enthusiasm, saying, "I am very excited to join MiMedia.  I consider MiMedia's consumer cloud platform to be best-in-class globally and strongly believe the Company can become the dominant consumer cloud platform in LATAM.  I look forward to bringing my expertise and network to their first-class team, winning impactful strategic partnerships and driving strong growth."

MiMedia Holdings Inc. provides a next-generation consumer cloud platform that enables all types of personal media to be secured in the cloud, accessed seamlessly at any time, across all devices and on all operating systems. The company's platform differentiates with its rich media experience, robust organization tools, private sharing capabilities and features that drive content reengagement.  MiMedia partners with smartphone makers and telecom carriers globally and provides its partners with recurring revenue streams, improved customer retention and market differentiation. The platform services millions of engaged users around the world.

Certain statements in this press release constitute forward-looking statements within the meaning of applicable securities laws.  Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur.  Forward-looking statements in this press release include: statements regarding the Offering; the expected gross proceeds of the Offering; the use of proceeds of the Offering; the final terms of the Debenture Units and the securities underlying the Debenture Units; any potential exercise of the Agent's Option; and the anticipated closing of the Offering.  Such forward-looking statements are based on the current expectations of management of MiMedia.  Actual events and conditions could differ materially from those expressed or implied in this press release as a result of known and unknown risk factors and uncertainties affecting MiMedia, including risks regarding the industry in which MiMedia operates, economic factors, the equity markets generally and risks associated with growth and competition.  Additional risk factors are also set forth in the Company's management's discussion and analysis and other filings available via the System for Electronic Document Analysis and Retrieval (SEDAR) under the MiMedia's profile at www.sedar.com.  Although MiMedia has attempted to identify certain factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.  No forward-looking statement can be taken as guaranteed.  The forward-looking information contained in this press release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.  Because of the risks, uncertainties and assumptions contained herein, readers should not place any undue reliance on forward looking information.

SOURCE MiMedia