VANCOUVER, BC, September 30, 2021 / CNW / – Network Media Group Inc. (TSXV: NTE) (OTCMKTS: NMGGF) and Entertainment Network Inc. (“Network” or the “Company“) is pleased to announce the appointment of Tom lombardi as a strategic advisor for the research and development of the NFT network, effective October 1, 2021.
“We are delighted to announce the addition of Tom lombardi to the Network team ”, declared Derik Murray, founder and CEO of Network. “Tom has extensive knowledge, experience and expertise in digital assets and blockchain technology, having focused exclusively on this sector for the past six years. Tom’s appointment as strategic advisor will allow Network to focus on monetizing our intellectual property on what’s to come. as a new, fast paced content platform in a high growth market. We are honored to have Tom join our team and look forward to collaborating on this exciting and complementary content initiative for the company. ”
Tom lombardi has over two decades of investment banking, principal investment and emerging technology experience, most recently focusing on bitcoin and NFTs. Tom was most recently Managing Director at 3iQ, responsible for overseeing the marketing strategy and execution of a $ 2 billion digital asset company has invested in bitcoin and ether. He was previously a director at Wave Financial, leading the digital asset investment team in Los Angeles. Tom was also the growth manager for the Ethereum Corporate Alliance (EEA), working with global companies on how to adopt blockchain technology. Prior to the EEA, Tom was CEO of a travel e-commerce platform, leading a team of 23 people to $ 100 million of gross income. Tom received an MBA from Pepperdine and began his career as an investment banking analyst with Bank of America. In addition to his professional accomplishments in the field, Tom is also an Assistant Professor at Pepperdine University, teaching Digital Asset Finance to MBA students.
“NFTs allow content creators to monetize their content, as this revolutionary technology allows them to engage directly with audiences, engage dedicated subscribers and involve communities in the creative process,” said Tom lombardi. “Network is uniquely positioned to develop NFT campaigns alongside and independently of their original content productions, working with top talent, high quality production values and global distribution channels. “
Tom is an avid student of securities laws and financial regulation, and recently passed his Series 63, 65, SIE Securities Exams in the we and the CSC review in Canada. Tom’s growing NFT collection includes a CryptoPunk, 2017 MoonCat “Day 1”, Loot game items (for adventurers), and a Chubby Penguin in a tuxedo.
Network announces a non-brokered private placement of up to 8,000,000 common shares of the Company (the “Shares”) at a price of $ 0.15 per share, for gross proceeds of $ 1,200,000 (the “Offer”).
In connection with the Offer, the Company may pay the finder’s fees in cash or in securities, or a combination of the two, as permitted by the policies of the TSX Venture Exchange (exchange “). Network intends to use the net proceeds of the Offering primarily for ancillary business opportunities, operations, research and development of NFT content initiatives and working capital requirements .
The securities issued within the framework of the Offer will be subject to a legal holding period, expiring four months and one day from the date of issue of these securities. The offering is subject to certain conditions, including, but not limited to, receipt of all necessary approvals, including final approval from the Exchange and the relevant securities regulatory authorities.
Network also announces today that it has granted incentive stock options to its directors, officers, employees and consultants for the right to purchase a total of 3,735,000 common shares of the Company. These options can be exercised at a price of $ 0.15 per share for a period of five (5) years. The terms of the options granted are in accordance with the Company’s fixed stock option plan as approved by its shareholders on October 10, 2019. Option grants are subject to TSX Venture Exchange approval.
On Network entertainment
Network media group is the parent company of Entertainment Network Inc.
Network entertainment is a creativity-driven film and television production company that creates, finances and produces award-winning programs for television, digital platforms and film audiences around the world. The premium content brand Network offers world-class distributions and features visually cinematic and richly crafted storytelling. The company’s productions are consistently adopted by audiences and critics alike, winning awards, record ratings and unprecedented media coverage for Network and its partners.
The most recent productions of the Company include PUNK, a four-part series for EPIX with executive producers Jean Varvatos and Iggy Pop, feature-length documentaries I am Richard pryor, which was created in 2019 SXSW Film Festival, and I am Patrick swayze, which was created in 2019 San Antonio Film Festival, winning the Festival Grand Prix, and The age of AI, a YouTube Originals series hosted and produced by Robert downey jr.
Among the company’s many accolades, Network was named to the Realscreen Global 100 list, an annual compilation of the world’s best production companies working in the non-fictional, unscripted visual content industry. Network’s work has also been recognized with the Oscars, the Emmys, Realscreen Awards, Gemini Awards, Leo Awards, the Los Angeles Film Festival, AFI Docs Film Festival (Silverdocs), San Antonio Film Festival, Seattle International Film Festival, Tribeca Film Festival, SXSW Film Festival, Hawaii International Film Festival, Houston International Film Festival, the Vancouver International Film Festival, the Banff Television Festival and the Vancouver International Film and Television Festival. new York.
Network broadcast and distribution partners include A&E, AHC, AMC, AppleTV +, Discovery chain, CBC, CMT, Crave, CTV, Entertainment One, EPIX, Fremantle, HBO Canada, Historical channel, iTunes, Lionsgate, National geography, NBC Peacock, Paramount Network, Sky, Sundance TV, Thunderbird, TMN, Virgil Entertainment, and YouTube Originals.
Network’s offices, production and post-production facilities are located within Vancouver and Los Angeles, and the company is represented by ICM partners.
Neither the TSX Venture Exchange nor its regulatory service provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution regarding forward-looking information
With the exception of historical information contained in this document, this press release contains forward-looking statements that involve risks and uncertainties. These statements are necessarily based on the perceptions, beliefs, assumptions and expectations of management, as well as on a number of specific factors and assumptions which, although considered reasonable by the management of the Company at the date of these statements, are inherently subject to significant uncertainties and contingencies. which could ultimately, possibly materially, cause the forward-looking information to be incorrect. All forward-looking information contained in this press release involves known and unknown risks, uncertainties and other factors which are beyond the control of the Company and may cause actual results, performance or achievements of the Company to differ materially from those. expressed or implied by this forward-looking information. Unless required under applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof.
For more information on Entertainment Network Inc., visit www.networkentertainment.ca
THE SOURCE Entertainment Network Inc.
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