GZ6G Technologies Corp. (OTCQB:GZIC) Signs Exclusive Media Agreement With Project Fastpitch Sports Complex

Rhea-AI Summary

GZ6G Technologies Corp. (OTCQB: GZIC) has announced a 5-year Exclusive Advertising and Sponsorship Media Agreement with Project Fastpitch LLC, focusing on a 76-acre sports complex for women's amateur Fastpitch Softball in Iowa. The agreement, formalized on October 25, 2022, is valued at $15 million for the 2023-2024 athletic year. Green Zebra Media, a GZ6G subsidiary, will manage sponsorship rights and advertising sales. The project includes 16 NCAA regulation fields and advanced digital technologies, aiming to enhance player and spectator experiences.

Positive

• Exclusive agreement valued at $15 million for the 2023-2024 athletic year.
• Green Zebra Media to manage advertising and sponsorship rights, potentially increasing revenue.
• State-of-the-art sports complex with advanced digital technologies planned.

Negative

• None.

LAS VEGAS, NV, Nov. 09, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – GZ6G Technologies Corp. (“GZ6G”), (OTCQB: GZIC), a smart solutions technology provider, announces that it has signed an Exclusive Advertising and Sponsorship Media Agreement (“Agreement”) with Project Fastpitch LLC, a company incorporated and located in the state of Iowa. The unique 76-acre sports development project is focused on women’s amateur Fastpitch Softball and related sports activities nationally, targeting geographic areas in the Midwest and Northwest regions of the United States.

Green Zebra Media, a subsidiary of GZ6G, operates a next-generation digital marketing, advertising, and sponsorship agency, that will manage and secure all sponsorships and advertising rights for the Iowa-based Project Fastpitch indoor/outdoor sports complex development project. The Agreement was formalized on September 25, 2022 and signed by all parties on October 25th.

The term of the exclusive media agreement is five years, with a five-year optional extension. The brand advertising opportunity is valued at Fifteen Million Dollars ($15,000,000) during the 2023-2024 athletic year. Green Zebra Media fees range from 25% to 50% of the advertising and sponsorship revenue collected in support of ongoing marketing and advertising initiatives. Once the project has been completed Green Zebra Media expects to continue managing and selling monthly and annual brand advertising opportunities.

Project Fastpitch Sports Park Overview

The project is expected to have a total of 16 fields with state-of-the-art MONDO artificial turf and targeted to meet NCAA regulation softball field size, 4 of which fields are indoor under an estimated 360,000 sq. ft. building that stands at 85 feet tall and offers a three-level open floor plan overlooking the fields used for recruiting and scouting, and includes a family observation deck, a restaurant, indoor batting and pitching cage technologies and much more. Throughout the park, visitors can find the latest innovative Wi-Fi 6 and 5G digital technologies to support players and promote a fun family & fan experience within the sports park both live in person and virtually. Green Zebra Media is currently seeking a brand sponsor for naming rights to the sports park. For more details, request the latest Project Fastpitch LLC Sports Media Press Deck at runwithus@GreenZebra.net.

Wally Pelds, Principal Partner of Fastpitch LLC, commented, “Our goal with this facility is to make this the best experience for the player, coach, recruiter, and the entire family, grandma and grandpa included. I would hope players and visitors walk away and say, “I really don’t want to play or watch softball anywhere else.” Mr. Pelds further added, “Our hope is to make this a national-level facility that will change the lives of young women in fastpitch by providing opportunities for players that have been overlooked, and the opportunity to be seen.”

Green Zebra Media expects to issue public relations communications and press releases on a case-by-case basis throughout the development process during each of the project phases. The Company will work with the Project Fastpitch management team to define the facility sponsorship and advertising assets, as well as a budget to meet goals and objectives to reach local, regional, and national media buyers interested in sports properties. Media Buyers include agencies, brand sponsors and direct advertisers.

Coleman Smith, CEO of GZ6G Technologies Corp., stated, “The Green Zebra Out-OF-Home (OOH) Sports Marketing team operates, manages and sells exclusive advertising and sponsor assets for sports venues. Initially, the program was started to help Venue owners use this revenue to reinvest into WI-Fi 6 and 5G infrastructure technologies services offered by Green Zebra Networks a division of GZ6G Technologies, Corp. The program created a much bigger opportunity to serve clients like Project Fastpitch as their full service sports marketing agency. It's very exciting to watch the sports marketing team expand its OOH Advertising inventory assets.”

Mr. Smith added, “It’s a perfect combination of internal skills and resources that make it easier for clients to do business with GZ6G Technologies. We will continue to expand our sports marketing sales force to support brands that are seeking sponsor advertising services at MLB, NFL, and NCAA venues, as well as Esports as we help our venue partners purchase newer Wi-Fi 6 and 5G technologies to generate fan experience while helping partners drive more in-venue revenue.”

Contact a Green Zebra Media business advisor at runwithus@greenzebra.net to choose a package or customize a plan to suit your current needs.

For more detailed information about the Project Fastpitch LLC, Sports Park
Request the latest Project Fastpitch LLC Media Press Deck at runwithus@GreenZebra.net.

Want to know more about GZ6G Technologies? Register for updates from our investor relations team here.

About GZ6G Technologies

GZ6G Technologies provides smart digital technologies through its proprietary platform to offer 5G and Wi-Fi 6 technology applications to large venues, including stadiums and universities, and municipalities nationwide. Through a family of four business units, the Company advises on critical decisions about how best to store, process and protect data, upgrade facilities and building operations with emerging wireless and IoT applications, helping to create new revenue streams and profit centers.

For more information, visit: www.gz6g.com; Twitter: @greenzebra

Safe Harbor Statement:

In addition to historical information, this press release may contain statements that constitute forward-looking statements. Forward-looking statements contained in this press release including, but not limited to, adding additional staff, launching new products and establishing partnerships with leading venues and internet providers, are the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.

Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse development with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found in filings made with the U.S. Securities and Exchange Commission (SEC) from time to time, available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update any forward-looking statements after the date of this release, except as required by law.

For more information, contact:

GZ6G Technologies Corp.—
Coleman Smith, CEO
Cole@greenzebra.net

Investor Relations—
ir@greenzebra.net
949-522-5714

FAQ

What is the Exclusive Advertising Agreement signed by GZ6G Technologies?

GZ6G Technologies signed a 5-year Exclusive Advertising and Sponsorship Media Agreement with Project Fastpitch LLC, focusing on a sports complex for women's Fastpitch Softball.

What is the value of the GZ6G and Project Fastpitch sponsorship deal?

The sponsorship deal is valued at $15 million for the 2023-2024 athletic year.

What will Green Zebra Media do for Project Fastpitch?

Green Zebra Media will manage and secure all sponsorships and advertising rights for the Project Fastpitch sports complex.

What are the features of the Project Fastpitch sports complex?

The complex is planned to include 16 NCAA regulation fields and advanced digital technologies.

When was the media agreement for Project Fastpitch formalized?

The agreement was formalized on October 25, 2022.