OverActive Media (“OverActive” or the “Company”) (TSXV: OAM)
(OTCQB: OAMCF), a global sports, media and entertainment company
for today’s generation of fans, announced changes to the MAD Lions
leadership team in Madrid, Spain. Jorge Schnura, Vice-President of
Strategy, is resigning from his current role to pursue a new
business venture and will continue in an advisory capacity with the
Company. Ricardo Gómez-Acebo Botín, Director of Business Operations
(EU) has been promoted to Head, EU Business with oversight of the
Partnerships, Marketing and Business Operations functions in
Europe. Schnura was the founding member of MAD Lions, a leading
esports club in Europe which was acquired by OverActive in 2019.
Following the OverActive acquisition, Schnura headed the
restructuring, rebranding and repositioning of the MAD Lions brand
which now includes team franchises in the League of Legends
European Championship, the Superliga in Spain, and the VALORANT
Regional League France: Revolution.
“I’m incredibly proud of the calibre of work that has come out
of the MAD Lions team. We set out to establish MAD Lions as a top
esports club that represents the Spanish passion for lifestyle and
gaming, and that’s exactly what we’ve done,” said Jorge Schnura,
Vice-President, Strategy, OverActive Media. “While I’ve made the
difficult decision to move on from OverActive, I remain very much
invested in the continued success of the Company and am thrilled to
have Ricardo at the helm.”
Gómez-Acebo Botín has worked with Schnura for the past four
years, helping lead the sale of MAD Lions to OverActive Media in
2019. As the head of Business Operations in Europe and a
conduit for the Finance and Human Resources departments in Canada,
he is well-integrated into the Company’s global business structure.
Gómez-Acebo Botín’s experience combined with his time working
alongside Schnura makes him a fitting choice to succeed the
leadership role at MAD Lions.
“I’m excited to carry the MAD Lions legacy forward. We’ve made
great strides since joining OverActive Media and continue to
deliver enhanced experiences to our fans and corporate partners,”
said Ricardo Gómez-Acebo Botín, Head, EU Business, OverActive
Media. “I want to thank Jorge for his leadership and vision in
building the MAD Lions brand to where it is today.”
“Jorge’s entrepreneurial spirit has been a key part of our
progression and growth in the European market. While it’s always
tough to see talented people move on from your organization, we
certainly wish Jorge well and celebrate our shared success,” said
Chris Overholt, President and CEO, OverActive Media. “We are
confident the foundation that has been established in Spain and
moving forward under Ricardo’s leadership sets us up well for the
future.”
The OverActive team will work closely with Schnura to ensure the
MAD Lions leadership team is well positioned for continued success
in the future. Schnura’s last day at OverActive will be July 29,
2022.
For more information, please contact:
Leah Gaucher, Director, PR & Communications, OverActive
Media(647) 924-2614lgaucher@oam.gg
Babak Pedram, Investor Relations, Virtus Advisory Group
Inc.(416) 995-8651bpedram@virtusadvisory.com
Cautionary Note Regarding Forward-Looking
Information
This press release contains statements which constitute
“forward-looking statements” and “forward-looking information”
within the meaning of applicable securities laws (collectively,
“forward-looking statements”), including statements regarding the
plans, intentions, beliefs and current expectations of OverActive
with respect to future business activities and operating
performance. Forward-looking statements are often identified by the
words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”,
“anticipate”, “believe”, “estimate”, “expect” or similar
expressions and includes information regarding: (a) OverActive’s
anticipated VALORANT team; and (b) expectations for other economic,
business, and/or competitive factors.
Investors are cautioned that forward-looking statements are not
based on historical facts but instead OverActive management’s
expectations, estimates or projections concerning future results or
events based on the opinions, assumptions and estimates of
management considered reasonable at the date the statements are
made. Although OverActive believes that the expectations reflected
in such forward-looking statements are reasonable, such statements
involve risks and uncertainties, and undue reliance should not be
placed thereon, as unknown or unpredictable factors could have
material adverse effects on future results, performance or
achievements of the OverActive. Among the key factors that could
cause actual results to differ materially from those projected in
the forward-looking statements are the following: changes in
general economic, business and political conditions, including
changes in the financial markets; changes in applicable laws and
regulations both locally and in foreign jurisdictions; compliance
with extensive government regulation; the risks and uncertainties
associated with foreign markets; and risk factors set out in
OverActive’s annual information form for the year ended December
31, 2021. These forward-looking statements may be affected by risks
and uncertainties in the business of OverActive and general market
conditions, including COVID-19.
Should one or more of these risks or uncertainties materialize,
or should assumptions underlying the forward-looking statements
prove incorrect, actual results may vary materially from those
described herein as intended, planned, anticipated, believed,
estimated or expected. Although OverActive has attempted to
identify important risks, uncertainties and factors which could
cause actual results to differ materially, there may be others that
cause results not to be as anticipated, estimated or intended and
such changes could be material. OverActive does not intend, and
does not assume any obligation, to update the forward-looking
statements except as otherwise required by applicable law.
ABOUT OVERACTIVE MEDIA
OverActive Media (TSXV: OAM) (OTCQB: OAMCF) is
headquartered in Toronto, Ontario, with operations in Madrid, Spain
and Berlin, Germany. OverActive’s mandate is to build an integrated
global company delivering sports, media and entertainment products
for today’s generation of fans with a focus on esports, videogames,
content creation and distribution, culture, and live and online
events. OverActive owns team franchises in (i) the Overwatch
League, operating as the Toronto Defiant, (ii) the Call of Duty
League, operating as the Toronto Ultra, (iii) the League of Legends
European Championship (“LEC”), operating as the MAD Lions, (iv) the
Superliga, operating as the MAD Lions Madrid, and (v) VALORANT
Regional League France: Revolution, operating as the MAD Lions.
OverActive also operates both live and online events, operating as
OAM Live and maintains an active social media presence with its
fans and community members, operates fan clubs, and other
fan-related activities that increase the reach of its brands.
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this release.
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