Digital Asset DirectFamily Tech Trends – Spring 2024
News Media Group, Inc.
Contact Details News Media Group, Inc. Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/
April 26, 2024 07:00 AM Eastern Daylight Time
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Digital Asset Direct
News ReleaseCA1 CA2 Presents 4th Annual Photography Exhibition and Benefit in Support of The Egmont US Foundation
CA1 CA2
CA1 CA2 invites you to join us on Thursday, April 25th, from 6 pm to 9 pm, as we host our highly anticipated 4th annual photography exhibition and benefit in collaboration with The Egmont US Foundation. The event will take place at White Space Chelsea, situated at 530 W 25th Street between 10th and 11th Avenues. This year, CA1 CA2 proudly showcases a curated collection of prints generously donated by their acclaimed photographers, including Matthew Chaves, Victor Prado, Marion Grand, Michael Mundy, Hai Ngo, John Von Pamer, Brenton Carter and Anonymous. Each print is part of a limited run of five, making them exclusive collector's items. All proceeds from the sale of these prints will be dedicated to supporting the vital initiatives of The Egmont US Foundation. Additionally, 100% of donations made directly to The Egmont US Foundation will go towards aiding those affected by HIV and AIDS. The statistics surrounding HIV and AIDS are staggering, with 37.7 million individuals currently living with the disease. Often overshadowed by these figures is the profound impact on the most vulnerable members of society, particularly children. The Egmont US Foundation is committed to addressing this issue by investing in grassroots organizations that implement community-led initiatives. These initiatives provide direct assistance to those affected by HIV and AIDS on a local level. To date, The Egmont US Foundation, in collaboration with The Egmont Trust in the UK, has positively impacted 930,395 individuals across six countries. "I am deeply committed to a fundamental belief that all humans have a right to four essential needs - food, water, shelter, medicine. Our partnership with The Egmont US Foundation for our 4th annual photography exhibition and benefit exemplifies our dedication to this belief, and human welfare as a whole. Through the collective efforts of our community, artists and clients, we aim to raise funds and awareness for meaningful change.” - Beata Kanter, President of CA1 CA2 All prints can be purchased, and donations to The Egmont US Foundation can be made directly through this link: https://ca1ca2.com/benefit4 Join us on April 25th for an evening of art, philanthropy, and solidarity as we unite to make a difference in the fight against HIV and AIDS. About CA1 CA2: CA1 CA2 is a creative talent agency owned by Beata Kanter representing a leading group of artists; photographers, directors, stylists, a director of photography and retouching house. In addition to representation, they operate as a full-service production company specializing in beauty and still life. As a minority certified and woman owned business, the team is dedicated to supporting human welfare, inclusivity, and environmental sustainability. Clients include L’Oreal Paris, Estée Lauder, Kylie Cosmetics, Fenty Beauty, Montblanc and Dior. CA1 CA2 is committed to their artists and clients, offering cost-effective, intelligent, and creatively excellent service. www.ca1ca2.com @ca1.ca2 About The Egmont US Foundation: The Egmont US Foundation established in 2015 is a non-for-profit organization working to improve the lives of children and young adults with HIV / AIDS in sub-Saharan Africa, a region which accounts for 60% of all aids-related deaths worldwide. Areas of support by The Egmont US Foundation include improving livelihoods through improving nutrition and increasing incomes. The Egmont US Foundation works to improve access to education. They work to improve a healthier future including HIV treatment and care, testing and counseling and HIV and AIDS education. Finally, building safer communities is also priority specifically focusing on violence against women and preventing child abuse. The Egmont US Foundation is a US non-profit organization, tax exempt under Section 501(c)(3) of the US Internal Revenue Code and is governed by an independent board of directors. Gifts to Egmont US Foundation are deductible to the extent allowed by law. The Egmont US Foundation provides a tax-efficient way for US residents to support the life-changing impact this charity is achieving through its work. Directors volunteer their time and receive no compensation or reimbursement so 100% of donors’ gifts can support projects working to improve the lives of children affected by HIV and AIDS. www.egmontusfoundation.org For Press Inquiries Contact: Courtney Daniels COURTNEY DANIELS CONSULTING Courtney@cocodaniels.com www.courtneydanielsconsulting.com Contact Details COURTNEY DANIELS CONSULTING Courtney Daniels Courtney@cocodaniels.com
April 24, 2024 09:00 AM Eastern Daylight Time
News ReleaseMade in the USA: Ultrahuman plants flag in US with manufacturing facility UltraFactory to make first wearable rings in the country
Ultrahuman
With smart ring market leadership within its sights, Ultrahuman has today announced plans to open a manufacturing facility poised to accelerate its production capacity. The UltraFactory will be located in Indiana. It opens within the next six months and will be the launchpad for Ultrahuman’s next phase of growth. The UltraFactory will offer an end-to-end production capability and is based on the company’s first operational model of such a facility in India. This development comes hot on the heels of a $35 million fresh investment in the company (series B funding round) and reaffirms Ultrahuman’s ambition to become the market leader in the smart ring space in the next 12 to 15 months. The company has already seen phenomenal growth over the past year, becoming the second-largest player in the smart ring market while maintaining profitability. The opening of the new UltraFactory, will add a production capacity of 200,000 smart rings and present an additional $100m revenue opportunity annually. This is a push towards establishing smart ring market leadership in the US. Ultrahuman’s ability to make significant long-term manufacturing investments, supported by its profitability, is unique in the smart rings market. As a result, UltraFactory’s cutting-edge end-to-end production capabilities will enable the company to fully capitalize on what the company sees as its biggest competitive advantage: fast product development and iteration, and speed of execution in rolling out to global markets. With the US market growing in importance for Ultrahuman in recent months, the move will help the company lower costs in shipping and logistics, while aiding the US government in its push to strengthen domestic manufacturing rather than manufacturing in offshore locations, like China. This brings an expected hiring boom of 150 new Ultrahuman employees in the US over the next 12 months split between engineering and research (30%) and commercial operations (70%). Mohit Kumar, Founder and CEO of Ultrahuman commented: “US is an interesting market for us given it has always been huge in terms of demand for the product but we’re also seeing tremendous value from a manufacturing and research perspective. UltraFactory US would enable manufacturing for health tracking smart ring devices and give us the ability to do necessary research to evolve the form factor further.” Ultrahuman has seen phenomenal growth over the past 12 months, becoming the second-largest player in the smart ring market while maintaining profitability. "Our vision of being the top player in terms of both active devices and geographic presence is within reach, thanks to our rapid expansion and the love we've received from our users," added Mohit Kumar. UltraFactory will help Ultrahuman support its recent retail expansion into over 150 outlets worldwide, spanning iconic locations like London’s Selfridges on Oxford Street, Changi Airport in Singapore, and the Virgin megastore in Dubai. In addition to their smart ring called Ring AIR, the Ultrahuman product suite includes a continuous glucose monitoring wearable called M1 Live, a home health device called Ultrahuman Home and a preventive blood testing product called Blood Vision. Their platform integrates glucose, sleep, movement, blood markers, and HRV, offering a comprehensive approach to health monitoring. "Our growth is a testament to the user love for our products, highlighted by industry-leading NPS and engagement metrics since the launch of our latest model, the Ring AIR. Our relentless focus on improving user experience through continuous firmware and software updates is what sets us apart," Mohit Kumar emphasized. "Shipping a new firmware version every 2 weeks and weekly app improvements reflect our commitment to excellence and our speed of execution, our biggest competitive advantage. We’ve also iterated on hardware at the speed of software by designing novel devices like Ultrahuman Home, a home health monitor.” Looking ahead, Ultrahuman is on track to surpass $100 million in annualized revenue run rate (ARR) by the end of 2024, a milestone that will be achieved profitably. "Our ability to make long-term manufacturing investments, supported by our profitability, is unique in the smart ring market," Mohit Kumar noted. Ultrahuman's dedication to scientific validation and innovation is further evidenced by the completion of a clinical trial involving 105 participants, aimed at validating the ‘Metabolic Score’ generated on the Ultrahuman platform. "Our long-term investment in R&D and intellectual property is a cornerstone of our strategy, ensuring that our products not only meet but exceed the highest standards of efficacy and reliability," Mohit Kumar concluded. About Ultrahuman Ultrahuman is the world's most advanced metabolic fitness platform. Ultrahuman’s products include the Ultrahuman M1(continuous glucose monitoring sensor), the Ultrahuman Ring and Blood Vision, a preventive blood testing platform with the pioneering UltraTrace™ technology. By collating different biomarkers, Ultrahuman is helping people improve their energy levels and lifestyle, track their workout, sleep and recovery, and avoid metabolic disorders. For more information and updates on Ultrahuman, please visit ultrahuman.com or follow us on Facebook, Instagram, Twitter, LinkedIn, and YouTube. Contact Details Ultrahuman Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Ultrahuman Hisham Syed hisham@ultrahuman.com Company Website https://www.ultrahuman.com/
April 23, 2024 10:15 AM Eastern Daylight Time
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News ReleaseWorld-Renowned Neurologist and Bestselling Author Joins Forum Health’s Annual Integrative Medicine Summit
Forum Health
Forum Health, LLC, leading nationwide network of integrative and functional medicine providers, is thrilled to announce Dr. Dale Bredesen, a trailblazing neuroscientist and pioneer in Alzheimer's disease research, as the keynote speaker at the Forum Health Summit: Emerging Therapies in Integrative Medicine. Register for the Forum Health Summit here. With a career spanning over four decades, Dr. Bredesen has made groundbreaking contributions to neurological research, cognitive decline treatment, and Alzheimer's disease with his renowned Bredesen Protocol - the only Alzheimer’s treatment where the most patients have stabilized or improved. Dale Bredesen, MD: “I’m honored to be the keynote speaker at Forum Health’s annual summit. They are setting the stage to discuss the latest advancements in integrative medicine, bringing together the nation’s top providers, and providing me with the opportunity to share insights and collaborate with my colleagues to drive innovation and progress." Dr. Bredesen's presentation will delve into the latest advancements in Alzheimer's research and shed light on the importance of personalized medicine in combating cognitive decline. Attendees will receive invaluable insights into treatment modalities and preventative measures to preserve brain health. Phil Hagerman, Forum Health CEO: "We’re thrilled to have Dr. Bredesen join us this year. His unparalleled expertise and contributions to the medical community have been instrumental in advancing new treatment approaches to transform the landscape of Alzheimer's disease." The Forum Health Summit is a one-day conference that brings together the top thought leaders in integrative and functional medicine. Attendees receive the latest on emerging research, cutting-edge diagnosis, and treatment protocols for complex clinical cases from expert leaders in the field. The event will also feature presentations from industry experts including: Sahar Swidan, Pharm.D., BCPS, ABAAHP, FAARFM, FACA - President and CEO of NeuroPharm, and internationally renowned speaker on pain management and HRT Paul Anderson, MD - Recognized educator and clinician in integrative and naturopathic medicine focused on complex infecious, chronic and oncologic illnesses Thomas G. Gulliams, Ph.D. - Former VP of Ortho Molecular and expert in the therapeutic uses of dietary supplements Registration for this event is exclusive to licensed medical professionals, space limited and this event is expected to sell out. Register here. About Forum Health Forum Health, LLC is a nationwide provider of personalized healthcare steeped in the powerful principles of functional and integrative medicine. Our providers take a root-cause approach to care exploring lifestyle, environment, and genetics to help each patient achieve their ultimate health goals. Members have access to advanced medical treatments and technology, with care plans informed by data analytics and collaborative relationships. For more, visit www.forumhealth.com. Contact Details Forum Health Britt Wittelsberger +1 410-852-0738 bwittelsberger@forumhealth.com Company Website https://forumhealth.com
April 23, 2024 08:50 AM Eastern Daylight Time
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News ReleaseSIGMA Launches Interchangeable Lenses for Canon RF Mount System
SIGMA CORPORATION OF AMERICA
SIGMA Corporation (CEO: Kazuto Yamaki) is pleased to announce the upcoming launch of interchangeable lenses for Canon RF Mount system. This addition allows users to enjoy high performance, and high quality SIGMA lenses in native mount on their Canon RF Mount system. [Lineup] For detailed product information, please refer to the link below. < Launch in July, 2024 > SIGMA 18-50mm F2.8 DC DN | Contemporary Petal Type Lens Hood (LH582-02) supplied Product information： https://www.sigma-global.com/en/lenses/c021_18_50_28/ < Launch in fall of 2024 and onwards > SIGMA 10-18mm F2.8 DC DN | Contemporary Push-on Petal Type Lens Hood (LH706-02) supplied Product information： https://www.sigma-global.com/en/lenses/c023_10_18_28/ SIGMA 16mm F1.4 DC DN | Contemporary Petal Type Lens Hood (LH716-01) supplied Product information： https://www.sigma-global.com/en/lenses/c017_16_14/ SIGMA 23mm F1.4 DC DN | Contemporary Petal Type Lens Hood (LH554-01) supplied Product information： https://www.sigma-global.com/en/lenses/c023_23_14/ SIGMA 30mm F1.4 DC DN | Contemporary Lens Hood (LH586-01) supplied Product information： https://www.sigma-global.com/en/lenses/c016_30_14/ SIGMA 56mm F1.4 DC DN | Contemporary Lens Hood (LH582-01) supplied Product information： https://www.sigma-global.com/en/lenses/c018_56_14/ * These products are developed, manufactured and sold under license from Canon Inc. [Main specifications and features] Control algorithm including AF drive and communication speed optimization has been developed specifically for Canon RF Mount interchangeable lenses. In addition to realizing high-speed AF, the lens also supports AF-C (Continuous AF), in-camera aberration correction* and in-camera image stabilization. The mount is rubber-sealed to cater for use in a variety of environments. * Available on supported cameras only. Download Product Images: https://sigmaphoto.canto.com/b/KD3FM [Contact] For US press inquiries, please contact Jack Howard: SIGMA.pr@sigmaphoto.com For further information outside the US, please contact your local authorized SIGMA Service Station listed at the link below: https://www.sigma-global.com/en/corporate/world-network/ [Information] SIGMA Corporation｜ https://www.sigma-global.com/ Contact Details Jack Howard +1 631-201-7381 sigma.pr@sigmaphoto.com Company Website https://www.sigmaphoto.com/
April 23, 2024 12:00 AM Eastern Daylight Time
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News ReleaseSpring Trail Adventures Await: Five Reasons to Get Outside on Trails
YourUpdateTV
Spring is finally here and the outdoors are calling on us to step outside and explore. Rails to Trails Conservancy, the nation’s largest trail, walking and biking advocacy organization, is calling on people across the country to get outside on trails this spring to celebrate the many ways that trails and connected trail networks bring joy and impact to people’s lives. Central to the organization’s call to action is Celebrate Trails Day, hosted on April 27, 2024, with hundreds of events nationwide that serve to inspire more people to make trails, walking and biking part of their everyday lives. Recently, RTC’s vice president of communications, Brandi Horton, participated in a satellite media tour campaign to talk about how to make the most out of America’s trails. A video accompanying this announcement is available at: https://youtu.be/878-0TEpKP8 Celebrate Trails Day is the annual celebration of the spring trail season, recognized on the fourth Saturday in April. The national day of celebration is organized by Rails to Trails Conservancy. RTC is dedicated to building a nation connected by trails, reimagining public spaces to create safe ways for everyone to walk, bike and be active outdoors. Here are five reasons to get outside on trails this spring, and on Celebrate Trails Day, says RTC: 1. It’s one of the best seasons for outside adventures with milder weather across the country—perfect for time on the trail. People can find their perfect trail using RTC’s free trail-finder app, TrailLink. 2. It's good for our bodies and the planet. Having spaces to walk and bike near where you live makes it more likely that you will be physically active, which is important for our bodies and our minds. And, when we swap out short car trips for walking and biking trips, we burn calories instead of carbon! 3. It can be a safe way to get around without a car. Currently, people who walk and bike are increasingly likely to be seriously injured or killed in crashes with cars and trucks. Connected trail networks separate people from vehicles, making it a safer transportation option for more people. 4. It's the right time to let elected officials know that trails matter to you. On Celebrate Trails Day and every day, our time on the trail is an act of advocacy sending a message that trails are important to people across the country. As Congress and local officials make decisions about ways to invest infrastructure resources, getting outside on the trail is an important way to build support. 5. There are more places to walk, bike and be active outside than ever! With more than 41,000 miles of multiuse trails—where you can walk, run, ride, skate and more—and over 150 trail networks emerging, there are safe places to walk, bike and be active outside in every single state and hundreds of communities across the country. To find creative ideas for getting outside, photo and video content for use with credit to RTC, reporters are encouraged to visit RTC’s Celebrate Trails Day website and follow #CelebrateTrails on social media. For more information about Celebrate Trails Day, to find events, and to enter to win prizes, visit railstotrails.org and follow #CelebrateTrails on social media. Follow #CelebrateTrails on social media for updates and connect with RTC at railstotrails.org and @railstotrails on Facebook, Twitter and Instagram. ------------------------------------------------------ About Brandi Horton Brandi Horton serves as RTC’s vice president of communications. She has dedicated her career to communications for social change and is passionate about creating communities that promote health and well-being. She partners with nonprofit organizations and government agencies to engage audiences in support of ambitious goals around community development, equity and inclusion, and quality of life. Brandi lives in Arlington, Virginia, with her family, where she regularly frequents the Four Mile Run and W&OD trails en route to work, the playground and little league games. About Rails-to-Trails Conservancy Rails to Trails Conservancy is the nation’s largest trails organization—with a grassroots community more than 1 million strong. RTC is dedicated to building a nation connected by trails, reimagining public spaces to create safe ways for everyone to walk, bike and be active outdoors. Connect with RTC at railstotrails.org and @railstotrails on Facebook, Twitter and Instagram. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com
April 22, 2024 10:54 AM Eastern Daylight Time
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News ReleaseComcast Completes Major Fiber Network Expansion in Spring Hill, Kansas
Comcast Greater Kansas City
Comcast announced today the completed expansion of its next-generation Xfinity network to homes and businesses in the City of Spring Hill. The media and technology company invested more than $13 million to install more than 90 miles of new fiber-rich highways that will offer residential broadband speeds faster than 1 gigabit per second (Gbps) and business speeds up to 100 Gbps. The completion is part of Comcast’s ongoing expansion in the Midwest where Comcast is also expanding into Paola/Hillsdale. “The Kelly-Toland Administration recognizes that building reliable broadband services is essential for healthy communities throughout the state,” Lieutenant Governor and Secretary of Commerce David Toland said. “With the completion of this project, the Spring Hill community now has the resources needed to stay connected and engaged – and help drive economic development.” "The City of Spring Hill joins Comcast in celebrating the completion of this investment in our community. It will support workforce development, education and greater access to high-speed internet for our residents. This was a big priority of this administration from the start, and I’m glad to see it through to becoming a reality. It also improves our internet infrastructure in a way that is attractive to businesses interested in growing here," said Mayor Joe Berkey, City of Spring Hill. “I am grateful for Comcast’s commitment to expanding broadband access to Spring Hill and also their continued commitment to sponsoring other Spring Hill community events throughout the year.” To celebrate the expansion of Xfinity services to the City of Spring Hill, Comcast will donate $5,000 to the Spring Hill Education Foundation and will host an ‘Xfinity On Tour’ event during the Spring Hill Recreation Center Daffodil Days on April 20 from 11 a.m. to 2 p.m. CST at the Spring Hill Learning Academy at 300 E. Street. This free, family-oriented community event provides residents the opportunity to learn more about Comcast services, answer questions, and take advantage of exclusive offers. You can also stop into the nearest Xfinity store to learn more. For Spring Hill residents, this expansion means access to all Xfinity Internet service offerings with speeds faster than 1 Gig and advanced WiFi technology from powerful gateways capable of delivering reliable and consistent connections for real-time activities like gaming, live streaming, and video conferencing with ultra-low lag. Residents will also have access to the Xfinity X1 video platform, Xfinity Home, Comcast’s professionally installed home security solution, and Xfinity Mobile, one of the nation’s fastest growing mobile services that can save customers hundreds of dollars a year on their mobile bills, and is top ranked in customer satisfaction. “Reliable high-speed internet is essential in today’s digital economy, which is why Comcast continues its commitment to connect more Johnson County region families and businesses to the moments that matter most,” said Kalyn Hove, Comcast Midwest Regional Senior Vice President. “By establishing the best broadband infrastructure today, we are securing the economic prosperity of these communities for tomorrow.” For local businesses, Comcast Business offers a suite of connectivity, cybersecurity, managed solutions and Comcast Business Mobile products designed specifically for their employee’s needs. Powered by the nation’s largest Gig-speed broadband network, and backed by 24/7 customer support, Comcast Business is the nation’s largest cable and Internet provider to small and mid-size businesses and one of the leading providers to larger organizations in the Enterprise market. Comcast Business has been consistently recognized by industry analysts and associations as a leader and innovator, and one of the fastest growing providers of Ethernet services. “We purchased The Bean in Spring Hill nearly three years ago. The most difficult part of doing business was little to no access to internet and proper speeds needed to run our business,” stated Brad Killen, CEO of The Bean. “When I spoke with Comcast Business it was a quick YES to help us. Before switching to Comcast, our WiFi went out every other day and we were running on the slowest speeds. We are now finally getting normal speeds and could not be happier with the service. Everyday dozens of people work, take meetings, or calls at The Bean and this upgrade keeps people coming back for more.” Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information. Contact Details Comcast Corporation Jill Hornbacher +1 651-425-1695 jill_hornbacher@comcast.com Company Website https://midwest.comcast.com
April 19, 2024 08:30 AM Central Daylight Time
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News ReleaseSummer Pool Parties and Live Performances Announced for 2024 at Graton Resort & Casino
Graton Resort & Casino
Graton Resort & Casino is turning up the summer heat with an exciting series of poolside events. A spectacular lineup of live performances and parties begins June 1. Tickets go on sale April 19, 2024. Resort access is limited to guests aged 21 or older. The resort's summer live performances: June 1: Lil Jon July 13: Pauly D September 14: James Kennedy Buy tickets at www.gratonresortcasino.com The integration of superior sound systems, designer stages and exclusive VIP packages will provide attendees with an immersive experience that resonates with the resort’s reputation for luxury and exclusivity. VIP packages offered include cabanas and daybeds, bottle service, and more. Cabanas accommodate up to eight guests and feature amenities such as a TV, stocked fridge, fan, chaise lounges and other perks. The daybed package, suitable for up to six guests, includes a dedicated VIP server and other exclusive benefits. About Graton Resort & Casino Graton Resort & Casino, located in Rohnert Park, California, is a premier destination for entertainment, dining and gaming in Northern California. Boasting a luxurious atmosphere and world-class amenities, Graton Resort & Casino offers guests an unparalleled experience with its diverse selection of restaurants, bars, gaming options and live entertainment venues. From thrilling gaming action to upscale dining and relaxing spa treatments, Graton Resort & Casino provides an all-encompassing retreat for visitors seeking excitement and relaxation. For more information, visit https://www.gratonresortcasino.com/. ### Contact Details Landis Communications Inc. Brianne Miller +1 650-575-7727 graton@landispr.com Company Website https://www.gratonresortcasino.com/
April 18, 2024 02:58 PM Pacific Daylight Time
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News ReleaseActivision’s Landmark Deal Boosts Esports Team Revenue
MarketJar
Microsoft’s Activision Blizzard just unveiled a landmark revenue deal for the Call of Duty League (CDL), 1 creating a buzz across the entire esports landscape. The updated agreement promises a dynamic shift in the esports landscape, starting with the elimination of outstanding entry fees. This bold move not only returns previously collected fees to teams in full but also permanently removes this financial obligation, injecting much-needed capital back into the League. Teams are set to experience a significant boost in revenue streams with increased earnings from sales of in-game merchandise, including Team bundles and the highly coveted Champs bundle. Activision Blizzard is also increasing the existing event subsidy amounts for teams organizing live in-person events, such as majors, opens and champs. On top of that, teams will now benefit from a two-year minimum revenue guarantee, “so they can continue investing into the Call of Duty League with more peace of mind” according to Daniel Tsay, General Manager of Call of Duty Esports at Activision Blizzard. Activision Blizzard isn’t the only game developer making much-needed adjustments to its profit-sharing model. Riot Games recently unveiled a new partnership model for professional teams in the LCS, LEC, and LCK leagues, inspired by the successful VALORANT Champions Tour. This model aims to provide teams with more predictable revenues and greater financial upside through in-game digital content sales. Under the new model, teams will receive a fixed stipend and share in revenue generated from LoL Esports digital content sales, facilitated by a Global Revenue Pool (GRP). Riot Games intends to increase the standard esports revenue share percentage and expand the variety of LoL Esports digital content offerings to further support the GRP and incentivize team success. For premier esports and entertainment company OverActive Media (TSXV:OAM) (OTC:OAMCF), these changes provide a long-term horizon for growth and a clear path to profitability. OverActive Media Signs Transformative Esports Deal Canadian-based OverActive Media is one of the world’s largest esports ownership groups with a roster of widely popular professional esports teams, including the Toronto Ultra in Call of Duty League, MAD Lions KOI in the League of Legends EMEA Championship and Movistar KOI in the VALORANT Champions Tour. On April 16, OverActive Media (TSXV:OAM) (OTC:OAMCF) entered into a new team license agreement with the Call of Duty League (CDL), building on the company’s strategic realignment and long term vision for esports. The renewed commitment eliminates approximately C$35.1 million in outstanding entry fees. It also includes a one-time restructuring payment of C$2.8 million (US $2 million) to OverActive Media in Q2 2024. Riot Games’ proposed changes also stand to benefit OverActive Media and its League of Legends franchise MAD Lions KOI, which has consistently been a top performer in the LEC, securing multiple championships, making regular appearances at the Mid-Season Invitational (MSI), and never missing a World Championship since joining in 2019. OverActive Media (TSXV:OAM) (OTC:OAMCF) received the green light from Riot Games to compete in the VALORANT Champions Tour EMEA 2024 season following the blockbuster acquisition of KOI and Movistar Riders. The newly formed MAD Lions KOI team has already seen record crowds, drawing 741,000 peak viewers in a regular season match during the League of Legends EMEA Championship (LEC) Winter Split in January. This was the highest viewership since summer 2021. Co-founder Ibai also contributed to this momentum, attracting over 4.7 million Twitch views, surpassing the 2.93 million viewers of the Succession series premiere. Another milestone was achieved on February 18 during the LEC, with a record 830,816 viewers, the highest ever for a regular season match. Click here for more information about OverActive Media (TSXV:OAM) (OTC:OAMCF). [1] https://www.callofdutyleague.com/en-us/news/the-future-of-the-call-of-duty-league Disclaimer 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, OverActive Media. Market Jar Media Inc. was paid $1,500 for the production and publishing of this article by OverActive Media’s Digital Marketing Agency of Record (Native Ads Inc.). Additional details relating to Market Jar Media Inc.’s engagement by OverActive Media’s Digital Marketing Agency of Record (Native Ads Inc.) are set out in https://pressreach.com/disclaimer-oam. 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on pressreach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding OverActive Media’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to OverActive Media’s industry; (b) market opportunity; (c) OverActive Media’s business plans and strategies; (d) services that OverActive Media intends to offer; (e) OverActive Media’s milestone projections and targets; (f) OverActive Media’s expectations regarding receipt of approval for regulatory applications; (g) OverActive Media’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) OverActive Media’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute OverActive Media’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) OverActive Media’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) OverActive Media’s ability to enter into contractual arrangements with additional parties; (e) the accuracy of budgeted costs and expenditures; (f) OverActive Media’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of OverActive Media to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) OverActive Media’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact OverActive Media’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing OverActive Media’s business operations (e) OverActive Media may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, OverActive Media undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does OverActive Media nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither OverActive Media nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of OverActive Media or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of OverActive Media or such entities and are not necessarily indicative of future performance of OverActive Media or such entities. 8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com
April 18, 2024 08:00 AM Eastern Daylight Time
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