Creatd to Present Uplisting Plan at Annual Shareholder Meeting

Rhea-AI Summary

Creatd, Inc. (OTCQB: CRTD) announced its 2022 Annual Shareholders' Meeting set for January 9, 2023, where management will discuss the timeline for a re-listing on a national exchange. Shareholders as of November 18, 2022, can vote during the meeting. CEO Jeremy Frommer projected gross revenues for FY22 between $7 - 10MM, with net revenues of $5.2 - 5.6MM, marking growth from FY21. For FY23, expected revenues are $15 - 20MM gross and $8 - 12MM net. The meeting will also include a Q&A session with management.

• Company to hold its 2022 shareholders' meeting on January 9, 2023, with registration details to be announced.
• Management to present on anticipated timeline in its pursuit of a re-listing to a national exchange.

NEW YORK, Nov. 11, 2022 /PRNewswire/ -- Creatd, Inc. (OTCQB: CRTD) ("Creatd" or the "Company"), a creator-first technology company, today is announcing its upcoming 2022 Annual Meeting of Stockholders (the "Annual Meeting"), to be held on January 9, 2023.

Shareholders of record as of the close of business on November 18, 2022, are entitled to notice of, and to vote at, the Annual Meeting and at any adjournment thereof.

Commented Chairman and CEO, Jeremy Frommer, "With the support of our shareholders we will take the next step forward in a plan to re-list on a national exchange. We have been down this path before. It is not new territory. We are better prepared, with a stronger and leaner business model, a reconstituted board, and a renewed commitment to the success of the company. As we continue to lower cash burn, including a 50% reduction in full-time staff, we expect revenues to remain stable."

Continued Frommer, "Gross revenue projections for fiscal year 2022 are between $7 - 10MM, with net revenue projections of between $5.2 - 5.6MM, up from $4.3MM the previous year. Over the past few quarters, we have made significant strides in lowering our customer acquisition cost across all of our product and service offerings. Our management team is confident that we can resume the same level of growth in fiscal year 2023 that we experienced throughout the earlier part of this year, and currently projects $15 - 20MM in gross revenues and net revenues between $8 - 12MM for FY23. This projected number could rise significantly, depending on the success of our planned acquisition strategy for the upcoming year. As we have said since the founding of the company, our intention is to generate long-term value for our shareholders as we build a world-class, creator-first technology company. We continue to operate with that north star metric every day."

In addition to voting on the proposals to be outlined in the definitive Proxy Statement, including an increase in authorized share count, the Annual Meeting will include a virtual presentation and Q&A with Creatd's management team. Details regarding voting procedures and registering to attend the virtual meeting will be made available shortly.

About Creatd

Creatd, Inc. (OTCQB: CRTD) is a company with a mission to provide economic opportunities to creators and brands by multiplying the impact of platforms, people, and technology. Creatd's pillars work together to create a flywheel effect, supporting our core vision of creating a viable and safe ecosystem for all stakeholders in the creator economy.

Creatd: https://creatd.com;

Creatd IR: https://investors.creatd.com;

Vocal Platform: https://vocal.media;

Investor Relations Contact: ir@creatd.com

Forward-Looking Statements

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SOURCE Creatd, Inc.

FAQ

When is Creatd's 2022 Annual Shareholders' Meeting?

The 2022 Annual Shareholders' Meeting for Creatd, Inc. is scheduled for January 9, 2023.

Who can vote at Creatd's Annual Meeting?

Shareholders recorded by the close of business on November 18, 2022, are entitled to vote at the meeting.

What are the revenue projections for Creatd in FY22?

Creatd, Inc. projects gross revenues for FY22 to be between $7 - 10MM and net revenues between $5.2 - 5.6MM.

What are the expected revenues for Creatd in FY23?

For FY23, Creatd, Inc. expects gross revenues between $15 - 20MM and net revenues between $8 - 12MM.

What will be discussed during Creatd's Annual Meeting?

The Annual Meeting will cover the company's re-listing plan, financial projections, and include a Q&A session with management.