QYOU Media Inc. (OTCQB: QYOUF) (TSX-V:QYOU)
Breaking News - July 24, 2018
Veteran TV Exec, Andy Kaplan,
appointed Chairman of Board of Directors for QYOU India
● Andy Kaplan, former President of Sony Pictures Television Networks
appointed as Chairman of the Board of the newly formed subsidiary, QYOU India
Pvt
● Kaplan brings over thirty years’ experience to the role and will bolster
QYOU’s growth in India, followi ng the successful launch of Q India on Tata Sky
and Jio TV
DUBLIN, LOS ANGELES & TORONTO, - July 24, 2018 -- QYOU Media Inc.
(TSXV:
QYOU) (OTCQB:
QYOUF)
("QYOU Media" or the "Company"), today announces that it has named former
President of Sony Pictures Worldwide Networks, Andy Kaplan, as Chairman of Board
of Directors for QYOU India Pvt (“QYOU India”), a newly formed subsidiary of
QYOU Media which delivers highly localized and expertly curated digital-first
video content to an Indian audience of over 185 million mobile and TV
subscribers.
As Chairman of the Board of QYOU India, Kaplan will leverage his extensive
experience in leading television networks to success in local territories and
work toward QYOU India becoming a premier destination for the very best
original, digital-first content in India. Kaplan will also take a board observer
position in parent company, QYOU Media, supporting development of the QYOU brand
worldwide.
A media and entertainment veteran, Kaplan spent over sixteen years at Sony
Pictures leading its global television networks and related investments, with
over 180 channel feeds reaching nearly two billion subscribers. Under his
leadership, Kaplan grew Sony Pictures Worldwide Networks’ portfolio from a
handful of international channels to include some of the most popular digital
media brands. He also turned Sony Pictures Networks India (“SPNI”) into one of
the largest media businesses in the rapidly growing Indian market by leading it
through a number of successful acquisitions, partnerships, and new programming
launches including the groundbreaking initial ten year deal for the broadcasting
rights to the IPL and the acquisition of Ten Sports.
QYOU has gone from strength-to-strength in India, culminating in the launch of Q
India on Tata Sky, and an expansion of its content partnerships to include some
of the most watched and influential YouTube channels in India.
“Digital-first video content and mobile video consumption are shaking up the
entire TV ecosystem due to huge demand from millennial and generation z
audiences. India boasts a highly developed TV market and upwardly mobile
audience, with viewers showing a huge appetite for new and exciting types of
content. In just a few short years, QYOU Media has made inroads into the Indian
market to become a go-to destination for digital-first content for TV audiences,
forging relationships with some of the major TV providers. I am delighted to
have the opportunity to support QYOU India to continue this success and
replicate it in other fast-growth markets,” said Andy Kaplan.
Curt Marvis, CEO and Co-Founder of QYOU Media, commented: “From India to Latin
America, Andy’s career is an accumulation of successful expansions into rapidly
growing TV markets with fresh with compelling content. Over the past year, QYOU
Media has built and maintained momentum with Q India. Andy’s appointment is
important to shaping the next stage of our growth by offering strategic insight
and a deep knowledge of the Indian TV market.”
The appointment follows the announcement in March 2018 that Lionsgate’s recently
retired Co-COO Steve Beeks had joined QYOU Media’s Board of Directors, subject
to applicable stock exchange approvals.
About QYOU Media
QYOU Media Inc. is a fast-growing global media company that curates and packages
premium ‘best-of-the-web’ video for multiscreen distribution. Founded and
created by industry veterans from Lionsgate, MTV, and CinemaNow, QYOU’s
millennial-focused products including linear television networks, genre-based
series, mobile apps, and video-on-demand formats reach millions of customers on
six continents. Distribution partners include Sinclair Broadcast Group,
Vodafone, 21st Century Fox, Liberty Global, Showmax, iflix, SuperChannel and
TATA Sky.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES.
Forward-looking Statements
This press release may contain "forward-looking information" and
"forward-looking statements" within the meaning of applicable securities laws,
including, without limitation, statements regarding the future prospects of QYOU
Media and QYOU India, the expansion of QYOU Media and QYOU India in India and
the results of operations therein, and the approval of Steve Beeks’ appointment
to the board of directors of QYOU Media. All information contained herein that
is not clearly historical in nature may constitute forward-looking information.
Forward-looking statements are necessarily based upon a number of estimates and
assumptions that, although considered reasonable by management, are inherently
subject to significant business, economic and competitive risks, uncertainties
and contingencies that may cause actual financial results, performance or
achievements to be materially different from the estimated future results,
performance or achievements expressed or implied by those forward-looking
statements and the forward-looking statements are not guarantees of future
performance. Additional risks and uncertainties regarding QYOU Media are
described in its publicly available disclosure documents, filed by QYOU on SEDAR
at www.sedar.com except as updated herein. The forward-looking statements
contained in this news release represent QYOU Media’s expectations as of the
date of this news release, or as of the date they are otherwise stated to be
made, and subsequent events may cause these expectations to change. Except as
required by law, QYOU Media undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by law. Readers are
cautioned not to put undue reliance on these forward-looking statements.
Neither the TSX Venture Exchange (the "Exchange") nor its Regulation Services
Provider (as that term is defined in the policies of the Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Contacts
Holly Searle Natasha Roberton
Platform Communications for QYOU Media VP Marketing, QYOU Media
+44 (0) 207 486 +49 152 2254 7680
holly@platformcomms.com tash@qyoutv.com
Jeff Walker,
Investor Relations for QYOU Media
+1 403 221 0915
jeff@howardgroupinc.com
SOURCE QYOU Media Inc.
QYOU launches Heads Up Daily
(HUD) esports format on Instagram TV
● QYOU extends reach of HUD format with HeadsUpDailyTV channel launch on the new
Instagram TV (IGTV) platform
● New channel will boost global awareness of HUD brand and create
sponsorship opportunities
DUBLIN, LOS ANGELES & TORONTO, - July 17, 2018 -- QYOU Media Inc.
(TSXV:
QYOU) (OTCQB:
QYOUF)
("QYOU Media" or the "Company"), announces it has extended the reach of its
HUD format by introducing HeadsUpDailyTV on IGTV, Instagram's TV platform
launched in June 2018. IGTV aims to deliver long-form formats optimized for
mobile viewing to its user base of 1 billion. HUD's launch on the platform
dramatically bolsters its global reach, allowing millennial and Gen-Z audiences
to access the best esports entertainment and news on-the-go wherever and
whenever.
Launched last year, HUD is the destination for all things relating to esports
and video game culture and already reaches 500,000 viewers. Each daily episode
of HUD includes an exciting line-up of guests – from esports professionals to
game
developers and popular streamers on YouTube and Twitch – to discuss tournament
recaps, esports top plays, and all of the hot topics in the world of gaming. New
episodes will be available on IGTV each weekday in a vertical video format that
can be easily watched from mobile devices.
Esports has exploded in recent years and is estimated to reach an audience of
427 million globally by 2019. Popular with millennial and Gen-Z audiences,
under-35s make up 73 percent of all global esports fans. The new HeadsUpDailyTV
channel launches ahead of the largest global esports tournament - The
International Dota 2 Championships - which takes place in August, 2018.
Curt Marvis, CEO and Co-Founder of QYOU Media, commented: "Esports is a growing
phenomenon and one that HUD has a leading edge on as one of the major sources of
entertainment and news surrounding the players and tournaments. HUD is most
popular with younger, mobile-first audiences and therefore bringing the format
to channels like IGTV is crucial to expanding the audience reach. Instagram just
hit 1 billion active users this month, providing huge potential to grow the HUD
audience and drive sponsorship opportunities in the future."
HUD is licensed to World Poker Tour (WPT) Distribution USA and is also available
on Super Channel's GINX Esports TV Canada.
This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities of QYOU Media Inc. in the United States, nor
shall there be any sale of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful. The securities offered have not
been and will not be registered under the United States Securities Act of 1933,
as amended, or any U.S. state securities laws and may not be offered or sold
within the United States or to, or for the account or benefit of, U.S. Persons
unless registered under the United States Securities Act of 1933, as amended,
and applicable state securities laws or unless an exemption from such
registration is available.
About QYOU Media
QYOU Media Inc. is a fast-growing global media company that curates and packages
premium 'best-of-the-web' video for multiscreen distribution. Founded and
created by industry veterans from Lionsgate, MTV, and CinemaNow, QYOU's
millennial-focused products including linear television networks, genre-based
series, mobile apps, and video-on-demand formats reach millions of customers on
six continents. Distribution partners include Sinclair Broadcast Group,
Vodafone, 21st Century Fox, Liberty Global, Showmax, iflix, SuperChannel and
TATA Sky.
Neither the TSX Venture Exchange (the "Exchange") nor its Regulation Services
Provider (as that term is defined in the policies of the Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE QYOU Media Inc.
QYOU and Frequency partner to
offer custom OTT programming globally
● Frequency to distribute QYOU video content to major global cable and satellite
partners
● Partnership continues to build distribution reach for QYOU custom channels and
programming which already reaches a global audience of over 300m
DUBLIN, LOS ANGELES & TORONTO, - June 6, 2018 -- QYOU Media Inc.
(TSXV:
QYOU) (OTCQB:
QYOUF)
("QYOU Media" or the "Company"), the world's leading curator of premium
'best-of-the-web' video for multiscreen distribution has announced a partnership
with Frequency, the cloud-based internet video platform that manages and
distributes video from hundreds of the world’s top providers.
The OTT market is
expected to be worth $177 billion by 2025, driven by growing demand for
application-based services and accessibility through mobile devices. Frequency
offers a flexible and data rich distribution platform for both traditional and
next generation content providers, such as Cheddar and Jukin Media. To further
bolster the digital-first content and targeted millennial programming available
to its customer base, Frequency has selected The QYOU’s expertly curated
short-form video content to add to the service.

Through the Frequency platform, QYOU’s content will be available via Frequency’s
world leading pay TV operators, including on set top boxes, through TV
Everywhere experiences, and via IP apps. Frequency is already powering pay TV
operators in the US and Europe with over 30 million subscribers. This extends
QYOU’s ability to reach millennial and gen-Z consumers on any device, at any
time.
“Frequency has been pushing forward the distribution of premium digital first
content for many years. The service’s partnerships with established Pay TV
operators around the world, combined with their ability to help speed our
creation, launch and data collection around custom channels and programming,
makes this partnership another valuable addition to our growing global
distribution,” stated Curt Marvis, CEO and Co-founder of QYOU Media.
Blair Harrison, Frequency CEO added: “We are dedicated to expanding distribution
reach and monetization opportunities for top providers of premium digital
content. Adding QYOU and its strong catalog of international and localized
content to our growing platform reinforces our commitment that Frequency is an
essential partner for Pay TV and other video platform operators worldwide.”
The companies anticipate integrated content launches in the fourth quarter of
2018.
About QYOU Media Inc.
QYOU Media Inc. is a fast-growing global media company that curates and packages
premium 'best-of-the-web' video for multiscreen distribution. Founded and
created by industry veterans from Lionsgate, MTV, and CinemaNow, QYOU's
millennial-focused products including linear television networks, genre-based
series, mobile apps, and video-on-demand formats reach millions of customers on
six continents. Distribution partners include Sinclair Broadcast Group,
Vodafone, 21st Century Fox, Liberty Global, Telenor, TATA Sky and iflix. More
information on QYOU Media can be found at www.theqyou.com.
About Frequency
Frequency is a cloud-based internet video service that aggregates and
distributes video from hundreds of the world’s top digital video providers, from
leading TV networks to individual creators.
Pay TV, mobile and over-the-top operators use Frequency to deliver a complete
internet video service for their subscribers. Frequency’s white-labeled service
gives operators access to a comprehensive portfolio of content rights, and a
fully featured video platform, including complete metadata and real time
personalization. Frequency is now powering next-generation consumer video
applications for operators on set-top boxes, mobile devices and the web.
Contacts
Holly Searle Natasha Roberton
Platform Communications for QYOU Media VP Marketing, QYOU Media
+44 (0) 207 486 +49 152 2254 7680
holly@platformcomms.com tash@qyoutv.com
Jeff Walker,
Investor Relations for QYOU Media
+1 403 221 0915
jeff@howardgroupinc.com
SOURCE QYOU Media Inc.
QYOU Media Inc. Reports FY2018
Q3 68% Year Over Year Quarterly Revenue Growth
DUBLIN, LOS ANGELES & TORONTO, -
May 30, 2018 -- QYOU Media Inc.
(TSXV: QYOU) (OTCQB:
QYOUF)
("QYOU Media" or the "Company"), a global media company that curates and
packages premium 'best-of-the-web' video for multiscreen distribution has
reported financial results for the quarter ended March 31, 2018. All figures
appear in Canadian dollars.
Financial Highlights for the Quarter
For the three months ending March 31, 2018, revenues increased to $1,745,738
compared to revenues of $1,088,593 for the three months ended March 31, 2017, an
increase of 60%.
The adjusted Net Loss increased 18% to $1,095,189 for the three months ended
March 31, 2018, as compared to the three months ended March 31, 2017. The change
in net loss was due primarily to an increase of non-cash related expenses of
$473,030 ($29,837 related to foreign exchange loss and $443,193 related to
stock-based compensation).
Balance of cash and cash equivalents as at March 31, 2018 was $2,447,781
compared to $5,521,590 for March 31, 2017.
QYOU Media's CEO Curt Marvis stated, "Q3 2018 saw the launch of our flagship
esports program HEADS UP DAILY, aka HUD, which has now expanded with
distribution into 13 territories in Eastern Europe. In addition, our global HUD
distribution agreement with partner WPT has already begun to leverage the WPT
association with Allied esports and its esports arena locations via recent
coverage of the Ninja/Fortnight competition in Las Vegas. Our programming reach
continues to grow in India through our launch onto JioTV and globally via our
distribution agreement with iflix. These agreements marked a major milestone as
we now reach over 300 million consumers around the world with QYOU and HUD
branded programming. Driving rapid revenue growth is now the focus for our
business as we believe we sit poised to reap the benefits of our content,
reaching hundreds of millions of millennials and gen-z consumers worldwide."
Detailed information in QYOU Media's financial statements for the three and nine
months ended March 31, 2018 and 2017, the notes to the financial statements and
QYOU Media's interim management discussion and analysis and quarterly highlights
have been posted to the Company's website and have been filed under QYOU Media
Inc.'s profile on SEDAR at www.sedar.com.
About QYOU Media Inc.
QYOU Media Inc. is a fast-growing global media company that curates and packages
premium 'best-of-the-web' video for multiscreen distribution. Founded and
created by industry veterans from Lionsgate, MTV, and CinemaNow, QYOU's
millennial-focused products including linear television networks, genre-based
series, mobile apps, and video-on-demand formats reach millions of customers on
six continents. Distribution partners include Sinclair Broadcast Group,
Vodafone, 21st Century Fox, Liberty Global, Telenor and TATA Sky. More
information on QYOU Media can be found at www.theqyou.com.
Non-GAAP Financial Measures
This press release makes reference to certain non-GAAP financial measures. These
measures are not recognized measures under IFRS, do not have a standardized
meaning prescribed by IFRS and may not be comparable to similar measures
presented by other companies. Rather, these measures are provided as additional
information to complement IFRS financial measures by providing further
understanding of QYOU Media's results of operations from management's
perspective. QYOU Media's definitions of non-GAAP measures used in this press
release may not be the same as the definitions for such measures used by other
companies in their reporting. Non-GAAP measures have limitations as analytical
tools and should not be considered in isolation nor as a substitute for analysis
of QYOU Media's financial information reported under IFRS. QYOU Media uses non-GAAP
financial measures, including "adjusted net loss", to provide investors with
supplemental measures of its operating performance and to eliminate items that
have less bearing on operating performance or operating conditions, and thus
highlight trends in its core business that may not otherwise be apparent when
relying solely on IFRS financial measures. QYOU Media defines "adjusted net
loss" as the company net loss, less non-cash related expenses of including stock
based compensation, foreign exchange and depreciation.
QYOU Media believes that securities analysts, investors and other interested
parties frequently use non-GAAP financial measures in the evaluation of issuers.
QYOU Media's management also uses non-GAAP financial measures in order to
facilitate operating performance comparisons from period to period.
Forward-Looking Statements
This press release may contain "forward-looking information" and
"forward-looking statements" within the meaning of applicable securities laws,
including, without limitation, the Company's geographical and distribution
expansion, future revenue growth, audience composition for the Company's
programming and the future plans of the Company. All information contained
herein that is not clearly historical in nature may constitute forward-looking
information. Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, although considered reasonable by management,
are inherently subject to significant business, economic and competitive risks,
uncertainties and contingencies that may cause actual financial results,
performance or achievements to be materially different from the estimated future
results, performance or achievements expressed or implied by those
forward-looking statements and the forward-looking statements are not guarantees
of future performance. Additional risks and uncertainties regarding QYOU Media
are described in its publicly available disclosure documents, filed by QYOU
Media on SEDAR at www.sedar.com except as updated herein. The forward-looking
statements contained in this news release represent QYOU Media's expectations as
of the date of this news release, or as of the date they are otherwise stated to
be made, and subsequent events may cause these expectations to change. Except as
required by law, QYOU Media undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by law. Readers are
cautioned not to put undue reliance on these forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE QYOU Media Inc.
QYOU's flagship esports format
Heads Up Daily (HUD) licensed into 13 Eastern European territories
-
Major
international pay-tv, cable and satellite distributor has selected QYOU's
HUD esports format for 13 countries across Eastern Europe
-
Licensing agreement includes format rights to build the HUD brand across
major European markets
-
New
agreement marks QYOU's third esports partnership following deals with World
Poker Tour (WPT) Distribution USA and Super Channel's GINX Esports TV Canada
DUBLIN, LOS ANGELES & TORONTO, - May 8, 2018 -- QYOU Media Inc.
(TSXV: QYOU) (OTCQB:
QYOUF)
("QYOU Media" or the "Company"), the world's leading curator of premium
'best-of-web' video for multiscreen distribution, announced today it has
partnered with a major global distributor to license its flagship esports format
Heads Up Daily (HUD) in 13 countries across Eastern Europe, as it looks to
capitalize on the popularity and growth of the esports genre. Details of the
partnership will follow upon future launch of the series in the summer of 2018.
The partnership will see HUD delivered across channels in Albania,
Bosnia-Herzegovina, Bulgaria, Croatia, Hungary, Kosovo, Macedonia, Moldova,
Montenegro, Poland, Romania, Serbia and Slovenia. The licensing agreement will
also include format
rights to build the brand across major European markets.
There are over 10 million esports enthusiasts in Eastern Europe, of which 2
million are based in Poland. The genre is particularly popular among millennial
and generation-Z audiences, with under-35s making up 73 percent of all global
esports fans.
Launched in 2018, HUD is the destination for all things relating to esports and
video game culture. Each episode of HUD includes an exciting line-up of guests –
from esports professionals to game developers and popular streamers on YouTube
and Twitch – to discuss tournament recaps, esports top plays, and all of the hot
topics in the world of gaming.
This new agreement shows further momentum for the esports genre and follows The
QYOU's partnership with World Poker Tour (WPT) Distribution USA to promote and
distribute the HUD format earlier this month. The QYOU's HUD format is also
featured on Super Channel's GINX Esports TV Canada daily.
Curt Marvis, CEO and Co-founder of QYOU Media, commented: "We are thrilled with
this agreement as it drives revenue and distribution together for the HUD format
to a new market where we are seeing tremendous interest in the esports genre.
This deal comes hot on the heels of our partnership with WPT Distribution USA
and marks another big step forward as our goal of developing HUD into a global
brand continues to rapidly take shape. This all further underscores the rapid
growth of the esports genre in the last year alone."
About QYOU Media
QYOU Media Inc. is a fast-growing global media company that curates and packages
premium 'best-of-the-web' video for multiscreen distribution. Founded and
created by industry veterans from Lionsgate, MTV, and CinemaNow, QYOU's
millennial-focused products including linear television networks, genre-based
series, mobile apps, and video-on-demand formats reach millions of customers on
six continents. Distribution partners include Sinclair Broadcast Group,
Vodafone, 21st Century Fox, Liberty Global, Showmax, iflix, SuperChannel and
TATA Sky.
SOURCE QYOU Media Inc.
QYOU TRIPLES GLOBAL DISTRIBUTION IN 6 MONTHS TO REACH 300M+ AUDIENCE
● Growth driven by new distribution partnerships across Asia, Africa,
Europe, and North America - including iflix, Super Channel, Go Media and Jio
● Global distribution growth driving creation and distribution of popular new
original programming formats including esports flagship format Heads Up Daily
(HUD)
● QYOU Media Co-Founder and Chairman G. Scott Paterson and newly announced board
member Steve Beeks, each raised their shareholdings in the company this month.
DUBLIN, LOS ANGELES & TORONTO, - April 24, 2018 -- QYOU Media Inc.
(TSXV:
QYOU) (OTCQB:
QYOUF)
("QYOU Media" or the "Company"), the world's leading curator of premium
'best-of-the-web' video for multiscreen distribution, today announced that its
programming formats now reach an addressable audience of more than 300 million
consumers globally. This marks a threefold increase in distribution reach in six
months, fueled by significant new partnerships across Asia, Africa, Europe and
North America.
New partnerships with iflix, Go Media and Jio combined with the launch of the
company’s first original programming format, Heads Up Daily (HUD) have driven
this growth. HUD, a one-hour daily esports format was picked up by Canada’s
Super Channel and most recently WPT Distribution, reflecting the growing
appetite for broadcast quality esports content for multiscreen television
distribution. 
Curt Marvis, CEO and Co-Founder, QYOU Media says: "We’re living through a period
of incredible change as the largest generation ever born and the Gen Z’s that
follow them dramatically remake the entertainment landscape with a love of
short-form and social video content. More and more, we’re engaging with
broadcasters, MVPDs and mobile network operators who understand that to meet the
needs of these subscribers they have to have the best of that digital-first
content integrated as part of their programming line-ups.
This shift in consumer appetite has driven a three-fold increase in our
programming reach over the last six months alone, with QYOU programming now
available to more than 300 million customers worldwide. With this large global
footprint, we have the foundation and momentum to launch a number of exciting
new original programs and monetizable branded content offerings.”
In additional news, recently retired Co-COO of Lions Gate Entertainment Steve
Beeks - who announced in March that he is joining the QYOU Board of Directors,
and QYOU Media co-Founder and Chairman G. Scott Paterson each acquired 279,000
shares of QYOU Media Inc. in the month of April 2018. Details on these
transactions can be found on Sedar.
About QYOU Media
QYOU Media Inc. is a fast-growing global media company that curates and packages
premium 'best-of-the-web' video for multiscreen distribution. Founded and
created by industry veterans from Lionsgate, MTV, and CinemaNow, QYOU's
millennial-focused products including linear television networks, genre-based
series, mobile apps, and video-on-demand formats reach millions of customers on
six continents. Distribution partners include Sinclair Broadcast Group,
Vodafone, 21st Century Fox, Liberty Global, Showmax, iflix, SuperChannel and
TATA Sky.
PR & IR Contacts
For further information:
Holly Searle
Platform Communications - for QYOU Media
+44 (0) 207 486 4900 | holly@platformcomms.com
Natasha Roberton
VP Marketing, QYOU Media
+49 152 2254 7680 | tash@qyoutv.com
Jeff Walker
Investor Relations - for The QYOU
+ 1 403 221 0915 | jeff@howardgroupinc.com
SOURCE QYOU Media Inc.
QYOU accelerates growth in India with new content and distribution partnerships
● QYOU partners with premium local content creators Power Drift, Arre, The
Comic Wallah, POP XO and 101 India to boost programming line-up
●
Recent launch on Jio TV’s mobile subscription service delivers Q India to an
additional audience of 168 million
● QYOU India becomes ‘Q India’ or ‘The Q’ to strengthen brand identity
DUBLIN, LOS ANGELES & TORONTO, - April 17, 2018 -- QYOU Media Inc.
(TSXV:
QYOU) (OTCQB:
QYOUF)
("QYOU Media" or the "Company"), the world’s leading curator of premium
‘best-of-web’ video for multiscreen distribution is growing its operations in
India following the successful launch of QYOU India on Tata Sky, by adding a
block of new content partnerships. Rebranding as Q India, the company’s
localized service recently also launched on Jio TV, India’s fastest growing
mobile service with 168 million subscribers.
The average Indian user watches
8.5 hours of YouTube and Facebook short-form
video content each month and as a result there is an abundance of talented
creatives producing culturally relevant bite-sized shows that appeal to local
audiences. Following a number of successful content partnerships signed in 2017,
including Pocket Aces and Culture Machine (amongst others), “The Q” is now
adding a new group of premium channel partners to its roster.
The additions to the programming line-up include popular automotive channel
-Power Drift; teller of culture stories from across the continent -
101 India; Arre -producer of web-series, documentaries, social experiments and podcasts;
The Comic Wallah - a comedy platform under the FabForm network, and
POPxo - the
lifestyle platform geared toward young Indian women. This slate of new
partnerships significantly deepens QYOU India’s line-up, bringing fresh new
content from some of the region’s most talented creatives to millions of viewers
across TV and mobile.
As part of this expansion, QYOU India will streamline its brand identity to “Q
India” or simply “The Q” as it builds into the premier destination for the very
best original, digital content in India.
Curt Marvis, CEO and Co-Founder, QYOU Media says: “India is a huge growth market
with lots of young and upwardly mobile audiences hungry for new content and
programs from their favorite service providers. Over the past year, we’ve been
working hard to establish a presence in India by collaborating with premium
local content creators and service providers to deliver a localized version of
our programming available to millions of viewers in other countries around the
world. We couldn’t be happier to see all of our hard work coming to fruition
through partnerships with India’s most popular influencers and distribution
deals with market leaders like Tata Sky and Jio TV, who have helped us increase
our audience reach in India to 185 million viewers.”
Q India can be found on new channel numbers on Tata Sky (209 & 210), and is now
also available in the Entertainment section on Jio TV.
About QYOU Media
QYOU Media Inc. is a fast-growing global media company that curates and packages
premium 'best-of-the-web' video for multiscreen distribution. Founded and
created by industry veterans from Lionsgate, MTV, and CinemaNow, QYOU's
millennial-focused products including linear television networks, genre-based
series, mobile apps, and video-on-demand formats reach millions of customers on
six continents. Distribution partners include Sinclair Broadcast Group,
Vodafone, 21st Century Fox, Liberty Global, Showmax, iflix, SuperChannel, Jio
and TATA Sky.
Forward-Looking Statements
This press release may contain "forward-looking information" and
"forward-looking statements" within the meaning of applicable securities laws,
including, without limitation, statements regarding changes to the board of
directors of QYOU Media subject to TSX Venture Exchange approval. All
information contained herein that is not clearly historical in nature may
constitute forward-looking information. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that, although
considered reasonable by management, are inherently subject to significant
business, economic and competitive risks, uncertainties and contingencies that
may cause actual financial results, performance or achievements to be materially
different from the estimated future results, performance or achievements
expressed or implied by those forward-looking statements and the forward-looking
statements are not guarantees of future performance. Additional risks and
uncertainties regarding QYOU Media are described in its publicly available
disclosure documents, filed by QYOU Media on SEDAR at www.sedar.com except as
updated herein. The forward-looking statements contained in this news release
represent QYOU Media’s expectations as of the date of this news release, or as
of the date they are otherwise stated to be made, and subsequent events may
cause these expectations to change. Except as required by law, QYOU Media
undertakes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise,
except as may be required by law. Readers are cautioned not to put undue
reliance on these forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Contacts
Holly Searle Natasha Roberton
Platform Communications – for QYOU Media VP Marketing, QYOU Media +353 (87) 792
7166
+44 (0) 207 486 4900 tash@qyoutv.com
holly@platformcomms.com
Jeff Walker,
Investor Relations - for QYOU Media
+ 1 403 221 0915
jeff@howardgroupinc.com
SOURCE QYOU Media Inc.
WPT® Distribution USA selects QYOU Media’s format Heads Up Daily (HUD) to build
global TV franchise for eSports
● WPT® Distribution USA (WPT), the distribution arm of the World Poker Tour®,
will distribute Heads Up Daily, QYOU’s dedicated esports program as part of its
global push into the esports market
● The partnership is supported by market leaders Ourgame and Allied Esports and
aims to capitalize on the growing popularity of esports
● WPT Distribution is QYOU’s second licensing partner for Heads Up Daily,
following Super Channel’s GINX Esports TV Canada
DUBLIN, LOS ANGELES & TORONTO, - April 12, 2018 -- QYOU Media Inc.
(TSXV:
QYOU) (OTCQB:
QYOUF)
("QYOU Media" or the "Company"), the world’s leading curator of premium
‘best-of-web’ video for multiscreen distribution, announced today it has
partnered with WPT® Distribution USA to promote and distribute QYOU’s dedicated
esports program Heads Up Daily (HUD). WPT, the premier name in internationally
televised gaming and entertainment, will distribute HUD as part of its global
push into the televised esports genre.
WPT’s partnership with QYOU is part of parent company Ourgame’s wider strategy
to expand globally into the esports market, which includes building esports
arenas via another subsidiary, Allied Esports. According to analyst firm
Superdata, the esports industry will be worth
more than $2 billion by 2020. The genre is particularly popular among
millennial and
generation-Z audiences, with under-35s making up 73 percent of all global
esports fans. Esports’ boom in popularity has led to broadcasters from all over
the world, including BT, FOX Sports, and Super Channel, expanding into the
market.
The WPT agreement follows an earlier licensing partnership with Super Channel’s
GINX Esports TV Canada. Launched in 2018, HUD is the destination for all things
relating to esports and video game culture. Each episode of HUD includes an
exciting lineup of guests – from esports professionals to game developers to
popular streamers on YouTube and Twitch – to discuss tournament recaps, esports
top plays, and all of the hot topics in the world of gaming.
“Esports has made a tremendous transformation from armchair activity to serious
competitive discipline,” Johnny McMahon, VP of WPT Studios & Distribution, said.
“It’s a hugely exciting genre with a longterm future, which is why WPT
Distribution is focusing on it as its next major format. QYOU is a great partner
to help us on this quest. Curating, customizing, and packaging short-form video
content for millennial audiences is deeply embedded in their DNA and they have
significant expertise in the esports space. We’re excited to add Heads Up Daily
to our programming slate as we make serious strides towards our goal of growing
another major global TV franchise.”
Curt Marvis, CEO and Co-founder of QYOU Media, commented: “As one of the most
successful brands in televised gaming and entertainment, WPT Distribution is a
fantastic licensing partner for us. The fact that their move into the esports
space comes with the support of Ourgame and Allied Esports makes this deal a
major development for the genre and places WPT Distribution in a perfect
position to build a successful global brand with Heads Up Daily. We launched HUD
earlier this year because esports is generating a high level of engagement from
millennial and generation-Z audiences, and that keen interest is growing fast.
We’re thrilled to be working with WPT Distribution and look forward to seeing
Heads Up Daily become a flagship show for their new global esports franchise.”
About World Poker Tour
World Poker Tour (WPT) is the premier name in internationally televised gaming
and entertainment with brand presence in land-based tournaments, television,
online, and mobile. Leading innovation in the sport of poker since 2002, WPT
ignited the global poker boom with the creation of a unique television show
based on a series of high-stakes poker tournaments. WPT has broadcast globally
in more than 150 countries and territories, and is currently producing its 16th
season, which airs on FOX Sports Regional Networks in the United States. Season
XVI of WPT is sponsored by ClubWPT.com and
PlayWPT.com. ClubWPT.com is a unique
online membership site that offers inside access to the WPT, as well as a
sweepstakes-based poker club available in 35 states across the United States.
PlayWPT.com is a social gaming platform offering free-to-play poker and slots
with innovative features and state-of-the-art creative elements inspired by
WPT’s 16 years of experience in gaming entertainment. WPT also participates in
strategic brand license, partnership, and sponsorship opportunities. WPT
Enterprises Inc. is a subsidiary of Ourgame International Holdings, Ltd. For
more information, go to WPT.com.
About QYOU Media
QYOU Media Inc. is a fast-growing global media company that curates and packages
premium ‘best-of-the-web’ video for multiscreen distribution. Founded and
created by industry veterans from Lionsgate, MTV, and CinemaNow, QYOU’s
millennial-focused products including linear television networks, genre-based
series, mobile apps, and video-on-demand formats reach millions of customers on
six continents. Distribution partners include Sinclair Broadcast Group,
Vodafone, 21st Century Fox, Liberty Global, Showmax, iflix, SuperChannel and
TATA Sky.
Contacts
Holly Searle Natasha Roberton
Platform Communications – for QYOU Media VP Marketing, QYOU Media
+44 (0) 207 486 4900 +353 (87) 792 7166
holly@platformcomms.com tash@qyoutv.com
Jeff Walker,
Investor Relations - for The QYOU
+ 1 403 221 0915
jeff@howardgroupinc.com
SOURCE QYOU Media Inc.
Hollywood Veteran Steve Beeks
Joins QYOU Board of Directors
Former Lionsgate Entertainment Co-COO and Co-Motion Picture President Brings
Further Strategic Insight to QYOU Media
DUBLIN, LOS ANGELES & TORONTO, March 27, 2018 -- QYOU Media Inc.
(TSXV:
QYOU) (OTCQB:
QYOUF)
("QYOU Media" or the "Company"), the world's leading curator of premium
'best-of-web' video for multiscreen distribution, has announced that industry
veteran and former Co-COO and Co-Motion Picture President of Lionsgate
Entertainment Corporation ("Lionsgate"), Steve Beeks, has joined QYOU Media's
Board of Directors.
https://mma.prnewswire.com/media/659096/QYOU_Media_Inc__Hollywood_Veteran_Steve_Beeks_Joins_QYOU_Board_o.jpg
A twenty-year veteran of Lionsgate (NYSE:LGF.A), and a key strategist in the
growth of its motion picture and home entertainment divisions, Beeks retired
from Lionsgate late last year to participate in new entrepreneurial directions,
including those focused on the emerging growth markets of mobile viewership and
digital-first content. His board appointment with QYOU Media marks his first
move in pursuit of those endeavours.
"Cable TV and home entertainment were the boom categories of the last 30-40
years, while today, the emergent growth potential has shifted to take in
digital-first video content, OTT, and mobile distribution as millennial
audiences become the
dominant consumer demographic. QYOU recognised this shift early, being in the
right place at the right time to build a global business that packages web-first
content for a new generation of TV viewers. I've known QYOU's CEO, Curt Marvis,
for many years and am a fan of his vision and leadership. I'm delighted to join
Curt and his dedicated team as a board member", Mr Beeks said.
Curt Marvis, QYOU's CEO and co-founder, commented: "Steve is well known and
highly respected across the industry for his leadership at Lionsgate and his
role in its remarkable success story. I am thrilled to have someone with his
caliber of expertise and deep experience working closely with us as we head
toward our goal of making QYOU a leading global millennial-entertainment brand."
Beeks' appointment is subject to TSX Venture Exchange approval.
Wendy Bernfeld, Amsterdam-based QYOU Media board member since July 2017, as well
as a business development and content consultant for QYOU Media since its launch
in 2014, is concurrently resigning from the Board due to other personal and
professional commitments. QYOU Media thanks her for her dedicated service.
About QYOU Media
QYOU Media Inc. is a fast-growing global media company that curates and packages
premium 'best-of-the-web' video for multiscreen distribution. Founded and
created by industry veterans from Lionsgate, MTV, and CinemaNow, QYOU's
millennial-focused products, including linear television networks, genre-based
series, mobile apps, and video-on-demand formats, reach millions of customers on
six continents. Distribution partners include Sinclair Broadcast Group,
Vodafone, 21st Century Fox, Liberty Global, Showmax, iflix, SuperChannel and
TATA Sky.
Forward-Looking Statements
This press release may contain "forward-looking information" and
"forward-looking statements" within the meaning of applicable securities laws,
including, without limitation, statements regarding changes to the board of
directors of QYOU Media subject to TSX Venture Exchange approval. All
information contained herein that is not clearly historical in nature may
constitute forward-looking information. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that, although
considered reasonable by management, are inherently subject to significant
business, economic and competitive risks, uncertainties and contingencies that
may cause actual financial results, performance or achievements to be materially
different from the estimated future results, performance or achievements
expressed or implied by those forward-looking statements and the forward-looking
statements are not guarantees of future performance. Additional risks and
uncertainties regarding QYOU Media are described in its publicly available
disclosure documents, filed by QYOU Media on SEDAR at www.sedar.com except as
updated herein. The forward-looking statements contained in this news release
represent QYOU Media's expectations as of the date of this news release, or as
of the date they are otherwise stated to be made, and subsequent events may
cause these expectations to change. Except as required by law, QYOU Media
undertakes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise,
except as may be required by law. Readers are cautioned not to put undue
reliance on these forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE QYOU Media Inc.
GoMedia brings on board QYOU
to provide content for UK rail and coach passengers
GoMedia has selected QYOU Media to deliver curated short-form video content to
train passengers on c2c and West Midland Trains services
This marks The QYOU's first UK distribution agreement and follows successful
European expansion through partnerships in The Netherlands, Poland and Portugal
DUBLIN, LOS ANGELES & TORONTO, March 15, 2018 -- QYOU Media Inc.
(TSXV:
QYOU) (OTCQB:
QYOUF)
("QYOU Media" or the "Company"), the world's leading curator of premium
'best-of-web' video for multiscreen distribution, has announced its first UK
deal with GoMedia, Europe's leading on-board infotainment provider, which will
see QYOU's curated online video content distributed to UK rail passengers.
https://mma.prnewswire.com/media/654487/QYOU_Media_Inc__GoMedia_brings_on_board_QYOU_to_provide_content.jpg
Consumers are watching more video than ever before while on-the-go and in
transit, particularly on mobile devices. According to eMarketer, more than 90%
of all digital video viewers in the UK regularly visit YouTube, with almost two
thirds watching its content via a mobile phone. The new partnership between QYOU
and GoMedia aims to cater to the unique
viewing habits of younger audiences, who make up a significant number of rail
passengers and are the largest group of smart phone users, by offering them a
curated selection of the type of content they are engaging with on a daily
basis.
QYOU will deliver 40 episodes of QYOU Hits, its flagship show featuring expertly
curated short-form video content to customers on c2c and West Midlands Trains
services. The shows will feature a hand-picked selection of the best short-form
videos the web has to offer, covering everything from new music, dance, comedy,
sports and stunts as well as awe-inspiring clips from some of the world's most
beautiful places. The on-demand content will be ad-supported on service provider
platforms, providing an opportunity for rail and coach companies to create new
revenue streams from passenger transit.
"Over a billion train journeys are made in the UK each year, and an increasing
number of passengers are bringing their own devices (BYOD) on board and using
these to plug into entertainment to keep them occupied while on-the-go," said
Roger Matthews, Managing Director of GoMedia. "These BYOD passengers are fueling
the demand for more high quality on-board entertainment, centered around their
tastes and packaged as part of their ticket. QYOU's programming features some of
the world's most talented digital-first creatives, making it perfect for
passengers that want the latest must-see content to keep them entertained on
their journey, which is why GoMedia chose to work with them."
This new partnership builds on previous transit deals QYOU Media has secured
with Lufthansa and Global Eagle Entertainment, highlighting the growing consumer
demand for easily accessible digital entertainment on-the-go.
Curt Marvis, CEO and Co-founder of QYOU Media, commented, "The quality and
availability of on-board entertainment offers a competitive advantage for
service operators. QYOU programming is already enjoyed by airline passengers
across Europe, so we are excited to now bring our content to train and coach
passengers too. With younger audiences always on the lookout for the most
exciting video content online whenever and wherever they are, there's a huge
opportunity for the major sea, rail, and coach travel companies to bring this to
customers to enhance the travel experience and increase monetization potential."
About QYOU Media
QYOU Media Inc. is a fast-growing global media company that curates and packages
premium 'best-of-the-web' video for multiscreen distribution. Founded and
created by industry veterans from Lionsgate, MTV, and CinemaNow, QYOU's
millennial-focused products including linear television networks, genre-based
series, mobile apps, and video-on-demand formats reach millions of customers on
six continents. Distribution partners include Sinclair Broadcast Group,
Vodafone, 21st Century Fox, Liberty Global, Showmax, iflix, SuperChannel and
TATA Sky.
About GoMedia
GoMedia creates award-winning infotainment platforms for rail, coach and
transport companies, including Eurostar, Virgin Trains, National Express, c2c
and TransPennine Express. The company's technology helps customers monetise
their existing onboard Wi-Fi infrastructure and revolutionise their passenger
experience, through world-class entertainment, information and advertising
content that is hosted onboard and delivered to passengers' own mobile devices.
GoMedia's 300 Million+ passengers benefit from the company's outstanding content
offerings, which include blockbuster films from major studios, such as Universal
Pictures and Warner Bros; catch-up TV from ITV and on-demand entertainment from
NOW TV; popular box sets, including The Wire, The Man in the High Castle,
Coronation Street, and Peaky Blinders; and games, digital newspapers and
magazines.
As well as delivering infotainment that reflects and enhances operators' brands,
GoMedia generates significant ancillary revenue opportunities for customers,
including pay TV, sponsorship, enhanced data, passenger upgrades and at-seat
ordering. For more information, visit www.gomedia.io.
SOURCE QYOU Media Inc.
QYOU Media Inc. Reports FY Q2
77% Year Over Year Quarterly Revenue Growth
1st half of FY2018 revenues grow to $3,089,331 – an increase year over year of
73%
DUBLIN, LOS ANGELES & TORONTO, March 1, 2018 -- QYOU Media Inc.
(TSXV:
QYOU) (OTCQB:
QYOUF)
("QYOU Media" or the "Company"), a global media company that curates and
packages premium 'best-of-the-web' video for multiscreen distribution has
reported financial results for the quarter ended December 31, 2017. All figures
appear in Canadian dollars.
Financial Highlights for the Quarter:
- For the three months ending December 31, 2017, revenues increased to
$1,574,393 compared to revenues of $889,627 for the three months ended December
31, 2016.
- The adjusted Net Loss increased 73% to $1,486,042 for the period ended
December 31, 2017 compared to $857,631 for the same period in 2016 due primarily
to increased operating expenses to support revenue growth.
- Balance of cash and cash equivalents was $4,300,784 compared to $2,582,966 for
the same period in 2016.
QYOU Media's CEO, Curt Marvis, stated, "QYOU completed 2017 with investment into
building a world class foundation of distribution and content partnerships that
we expect to drive our growth in 2018 and beyond. Our agreement in Q4 of 2017
with Super Channel to produce HUD, our flagship esports format that launched on
January 15, 2018, is already building
momentum for our distribution business worldwide. In addition, 2018 has
leveraged further localized content development to drive growth internationally
in India and via our recently announced iflix agreement. Collectively we
continue to expand a growing list of blue chip global distribution partners thus
adding to our efforts to bring compelling content to millennials and gen-z
consumers worldwide."
Detailed information in QYOU Media's financial statements for the three months
ended December 31, 2017 and 2016, the notes to the financial statements and QYOU
Media's interim management discussion and analysis and quarterly highlights have
been posted to the Company's website and have been filed under the Company's
profile on SEDAR at www.sedar.com.
Restricted Share Unit Grants
The Company also announces that it has issued an aggregate of 4,125,000
restricted share units of the Company ("RSUs") to its existing directors,
officers, employees and consultants pursuant to the Company's restricted share
unit plan.
About QYOU Media Inc.
QYOU Media Inc. is a fast-growing global media company that curates and packages
premium 'best-of-the-web' video for multiscreen distribution. Founded and
created by industry veterans from Lionsgate, MTV, and CinemaNow, QYOU Media's
millennial-focused products including linear television networks, genre-based
series, mobile apps, and video-on-demand formats reach millions of customers on
six continents. Distribution partners include Sinclair Broadcast Group,
Vodafone, 21st Century Fox, Liberty Global, Telenor and TATA Sky. More
information on QYOU Media can be found at www.theqyou.com.
Non-GAAP Financial Measures
This press release makes reference to certain non-GAAP financial measures. These
measures are not recognized measures under IFRS, do not have a standardized
meaning prescribed by IFRS and may not be comparable to similar measures
presented by other companies. Rather, these measures are provided as additional
information to complement IFRS financial measures by providing further
understanding of QYOU Media's results of operations from management's
perspective. QYOU Media's definitions of non-GAAP measures used in this press
release may not be the same as the definitions for such measures used by other
companies in their reporting. Non-GAAP measures have limitations as analytical
tools and should not be considered in isolation nor as a substitute for analysis
of QYOU Media's financial information reported under IFRS. QYOU Media uses non-GAAP
financial measures, including "adjusted net loss", to provide investors with
supplemental measures of its operating performance and to eliminate items that
have less bearing on operating performance or operating conditions, and thus
highlight trends in its core business that may not otherwise be apparent when
relying solely on IFRS financial measures. QYOU Media defines "adjusted net
loss" as the company net loss, less non-cash related expenses of $231,290 (stock
based compensation of $148,276, foreign exchange of $73,561 and depreciation of
$9,453).
QYOU Media believes that securities analysts, investors and other interested
parties frequently use non-GAAP financial measures in the evaluation of issuers.
QYOU Media's management also uses non-GAAP financial measures in order to
facilitate operating performance comparisons from period to period.
SOURCE QYOU Media Inc.
-------------------------------------------------------------------
About QYOU Media Inc.:
Vision
The QYOU is the world’s first entertainment company focused on the curation and
programming of short-form video content for the Video-Everywhere age. We find
and license videos from around the world in categories ranging from factual to
viral and everything in between; packaging them for linear and on-demand TV and
video channels, playlist-driven mobile apps, custom shows, and influencer
marketing campaigns.
Deeply immersed in web video culture, QYOU curators are also creators – with
hundreds of credits, tens of thousands of fans, and millions of views between
them. Our clients include some of the world’s leading cable companies,
television networks, and video platforms, as well as consumer brands with the
vision to leverage the power of short form video to engage with audiences
everywhere.
Ecosystem
The QYOU Network is designed for a TV Everywhere world. The 24/7 international
linear channel is complemented by video-on-demand capability, mobile and TV
apps, and custom programming for specific markets and genres.
Ecosystem
- 24/7 ad-free international linear feed
- Mobile and TV apps for any screen
- QVOD - The QYOU’S video on-demand service:
> Programs, genre type, localised playlists
> Customisable by operator and audience
- CUSTOM PROGRAM DEVELOPMENT
> Kids, sports, beauty, comedy, etc.
> 15mins, half hour, one hour, 3 hour, etc.
Team:
Curt Marvis
PRESIDENT AND CO-FOUNDERPresident Digital Lionsgate; Co-Founder and CEO
Cinemanow; President 7th Level; Co-Founder/President Powerhouse Entertainment;
Co-Founder/CEO The Company and MTV Lifetime Achievement Award winner
Les Garland
CO-FOUNDERFounding executive at MTV, VH1 and The Box (now MTV2); Program
Director at KFRC (Mulitiple Station and Program Director of the Year awards);
Co-founder Quantum Media with Bob Pittman; Founder Afterplay Entertainment
G. Scott Paterson
CHAIRMAN OF THE BOARD AND CO-FOUNDERDirector Lionsgate Entertainment and
Chairman Audit Committee; Vice Chairman Neulion; Chairman Symbility Solutions;
Chairman Engagement Labs; Former Chairman and CEO of Yorkton Securities; Former
Chairman TSXV; Former Vice Chairman TSX
Company Profile
QYOU curates and packages premium 'best-of-the-web' video for multiscreen
distribution. Founded and created by industry veterans from Lionsgate, MTV, and
NewsCorp, QYOU's millennial-focused products including linear television
networks, genre-based series, mobile apps, and video-on-demand formats reach
millions of customers on six continents. Distribution partners include Sinclair
Broadcast Group, Vodafone, 21st Century Fox, Liberty Global, Telenor and TATA
Sky.
SOURCE: http://www.theqyou.com/
Disclaimer
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This release contains "forward-looking statements" within the meaning of Section
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