Engine Media Adds to Senior Executive Team with Focus on Partnerships and Business Growth Opportunities

Rhea-AI Summary

Engine Media Holdings has announced key appointments within its team. David Paschkes joins as Executive Vice President of Sports and eSports Partnerships, aiming to enhance revenue through expanded relationships in these markets. Jason Rogers has been promoted to Vice President of Corporate Development & Partnerships, focusing on corporate M&A and strategic planning. These strategic moves are part of the company's efforts to capitalize on growth opportunities following its merger in May 2020, enhancing its business development efforts in the competitive gaming industry.

Positive

• Appointment of David Paschkes as EVP of Sports and eSports Partnerships, expected to generate new revenue streams.
• Promotion of Jason Rogers reflecting effective corporate integration initiatives post-merger.

Negative

• None.

David Paschkes Appointed Executive Vice President of Sports and eSports Partnerships

Jason Rogers Promoted to Vice President Corporate Development & Partnerships

TORONTO, April 6, 2021 /PRNewswire/ -- Engine Media Holdings, Inc. (TSXV: GAME; OTCQB: MLLLF) ("Engine Media" or the "Company") announced today that they have appointed David Paschkes as Executive Vice President of Sports and eSports Partnerships, effective immediately. In his role, he will be responsible for developing and expanding relationships across the sports and esports marketplace to create additional revenue streams and opportunities for promotion and development of Engine Media. 

Separately, Jason Rogers has been promoted to Vice President of Corporate Development & Partnerships. Since joining Engine Media, Jason has been the lead on corporate integration initiatives among Engine Media's assets since its tri-party merger of Frankly Media, Torque Esports, and WinView Games in May of 2020. In his new role, Jason will lead Corporate M&A, Business Development and Strategic Planning across Engine's assets. Jason will also continue to work with each of the businesses to drive their strategic growth initiatives forward.

"We are excited to have David join Engine Media as EVP of Sports and eSports Partnerships and to elevate Jason into his role in Corporate Development and Partnerships," said Lou Schwartz, Chief Executive Officer of Engine Media. "David played an important role in leading CBS Experiences where he fostered relationships in college and professional sports with leagues and teams that brought together live events and technology to drive new experiences for consumers, he has the right combination of entrepreneurial drive, relationships and leadership to help Engine Media advance its business."

Schwartz added, "Jason's been a critical part of our integration efforts and positioned us to capitalize on opportunities across all of our Engine Media assets."

Background on David Paschkes

Paschkes joins Engine Media from CBS Experiences ('CBSX'), the Company's experiential events division, where he was Executive Vice President and Managing Director. He led the group's efforts to expand CBS' programming and properties reach through live, entertaining and immersive experiences.

Prior to joining CBSX in November 2018, he worked at Conde Nast as Vice President, Agency and Partnerships and as Vice President of Revenue supporting 28 different brands including GQ, Wired, Pitchfork and Golf Digest. He expanded relationships with advertisers and agency holding companies while partnering with the company's programmatic, social and video teams to evangelize and sell Conde Nast's solutions in the marketplace.

Paschkes entrepreneurial experience includes serving as Chief Executive Officer of DIDiT, Inc, a company he founded in 2014, where he guided the product strategy and development for iOS mobile apps and websites as well as secured content distribution relationships with major brands including Conde Nast, Time Inc., Hearst, Thrillist, CBS Local and Mashable. He has also held senior executive positions at TouchTunes, VEVO, Fantasy Sports Ventures, Yahoo! and Univision over his 20-plus year career in digital media.

He received a Bachelor of Science in Marketing and International Business from The Pennsylvania State University.

Background on Jason Rogers

Previously, Rogers worked at American Express in their Enterprise Growth Group, serving as Chief of Staff to the VP of Emerging Payment Solutions Marketing & Partner Management. In addition to leading many of the day-to-day operations, Rogers led numerous operational and financial work streams that resulted in the successful sale of the division. Rogers earned American Express's Chairman's Award for his outstanding contributions to the organization. 

While earning his MBA from Columbia Business School (Dean's Honors, '20), Rogers spent time at Disney Streaming Services; TriBeCa Early Stage Partners, a Venture Capital group predominantly focused on early stage FinTech companies in NYC, as an Associate leading company diligence; and LiveLike, a virtual reality and fan engagement platform start-up based in NYC, as a member of the business development and product team.  

About Engine Media Holdings, Inc.

Engine Media Holdings Inc. is traded publicly under the ticker symbol (TSX-V: GAME) (OTCQB: MLLLF). The organization is focused on developing premium consumer experiences and unparalleled technology and content solutions for partners in the esports, news and gaming industry. The company's subsidiaries include Stream Hatchet; the global leader in gaming video distribution analytics; Eden Games , a premium video game developer and publisher with numerous console and mobile gaming franchises; WinView Games, an industry innovator in audience second screen play-along gaming during live events; UMG, an end-to-end competitive esports platform enabling the professional and amateur esport community with tournaments, matches and award nominating content; and Frankly Media, a digital publishing platform empowering broadcasters to create, distribute and monetize content across all channels. Engine Media generates revenue through a combination of direct-to-consumer and subscription fees; streaming technology and data SaaS-based offerings; programmatic advertising and sponsorships. To date, the combined companies' clients have included more than 1,200 television, print and radio brands, dozens of gaming and technology companies, and have connectivity into hundreds of millions of homes around the world through their content, distribution and technology services.

Cautionary Statement on Forward-Looking Information

This news release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Engine Media to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. 

The forward-looking statements and information in this press release include, financial, operational and other projections and outlooks, and expectations. Such statements and information reflect the current view of Engine Media. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Engine Media's actual results, performance or achievements or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include: expectations regarding existing products and plans to develop, implement or adopt new technology or products; expectations regarding the successful integration of recent acquisitions of WinView, Inc. and Frankly Inc.; the expectation of obtaining new customers for the Company's products and services; requirements for additional capital and future financing options; and, those factors discussed in the Company's continuous disclosure documents filed with the Canadian Securities Administrators, which may be viewed at www.sedar.com.

Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statement prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Engine Media cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. 

Engine Media has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Engine Media as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While Engine Media may elect to do so, Engine Media does not undertake to update this information at any particular time except as required in accordance with applicable laws. 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Engine Media Holdings, Inc.

FAQ

What is the significance of David Paschkes' appointment at Engine Media (MLLLF)?

David Paschkes' appointment as EVP of Sports and eSports Partnerships is significant as he will focus on expanding revenue streams through enhanced relationships in the sports and eSports sectors.

What role will Jason Rogers play after his promotion at Engine Media (MLLLF)?

Jason Rogers will lead Corporate M&A, Business Development, and Strategic Planning across Engine's assets, indicating a focus on growth and integration.

How does the leadership change at Engine Media (MLLLF) affect its business strategy?

The leadership changes are aimed at enhancing partnerships and business growth opportunities, particularly in the esports and gaming fields.

What previous experience does David Paschkes bring to Engine Media (MLLLF)?

David Paschkes has extensive experience in sports partnerships, previously serving as EVP at CBS Experiences, where he developed events and technology in sports.

What impact do the new appointments have on Engine Media's (MLLLF) recent merger integration?

The new appointments are expected to facilitate better integration and capitalize on opportunities arising from the company’s tri-party merger completed in 2020.