OVERACTIVE MEDIA CORP - OAMCF STOCK NEWS

OverActive Media (TSXV:OAM)(OTC PINK:OAMCF), a global esports and entertainment company, announced its participation in the Planet MicroCap Showcase: VANCOUVER 2024 on September 25, 2024. CEO Adam Adamou will present at 1 PM PST (4 PM EST) and participate in 1x1 meetings at the Fairmont Waterfront Vancouver.

The presentation will be accessible via webcast, with registration available on the event's website. This showcase, in association with Small Cap Discoveries, offers investors an opportunity to engage directly with OverActive Media's leadership. The company's participation underscores its commitment to investor relations and market visibility in the rapidly growing esports sector.

OverActive Media (OTCQB: OAMCF) is set to present at the Planet MicroCap Showcase 2022 on May 4, 2022, at 10:00 a.m. PST in Las Vegas, NV. CEO Chris Overholt will discuss the company's vision for the future of sports and entertainment, highlighting its focus on today's fans and sustainable esports operations. Interested investors can access the presentation via webcast or schedule one-on-one meetings at the event. For more information and to register, visit the official site.

OverActive Media reported a strong performance for the year ending December 31, 2021, with a 69% increase in total revenue to $14.2 million compared to 2020. The fourth quarter revenue surged by 340% to $5.3 million, driven by a 132% growth in business operations revenue. Despite a net loss of $(19.4) million for the year, improvements in Adjusted EBITDA showed a $3.8 million increase directly correlated to revenue growth. Cash reserves stood at $29.6 million by year-end, a significant increase from $5.6 million in 2020, indicating healthy liquidity.

OverActive Media has announced a five-year partnership with Zilliqa, enhancing digital fan engagement through the MAD Lions esports brand. This collaboration allows for unique experiences in the metaverse and eco-friendly branding on team jerseys and content. The deal aims to unlock new audience potential and community engagement in esports, with Zilliqa's technical expertise contributing to this expansion. OverActive’s dedication to sustainability was a key factor in the partnership, as Zilliqa aims to achieve carbon neutrality by 2022.

OverActive Media (TSXV:OAM, OTCQB:OAMCF) announced a partnership with Nobis, a premium Canadian outerwear brand, as the Official Outerwear Partner for its esports teams, Toronto Ultra and Toronto Defiant. This collaboration aims to connect luxury retail and esports, enhancing the consumer experience. Nobis will feature prominently in team content and activations during the 2022 season, including product giveaways and the launch of branded in-game packs.

OverActive Media announced the hiring of Matt McGlynn as the new Vice President of Marketing and Brand, effective January 18, 2022. McGlynn, previously with Royal Bank of Canada, brings extensive experience in brand strategy and youth engagement. He will focus on enhancing the brand growth of OverActive’s esports teams, including Toronto Ultra and Toronto Defiant. This addition is part of OverActive's strategy to expand its market presence in the growing esports industry.

OverActive Media has received lease approval from Toronto City Council for a new performance venue set to open in 2025. The project is expected to create approximately 3,650 new jobs, including 650 permanent positions upon completion. The venue will host 180-200 events annually and is projected to generate $39 million in annual government revenues. The development aims to enhance Toronto’s status as a global entertainment hub and will support local economic activity, attracting visitors who will spend an estimated $186 million in the city.

OverActive Media (OAMCF) will present at the SNN Network Canada Virtual Event on December 8, 2021, at 10:30 a.m. ET. CEO Chris Overholt will discuss the company's innovative approach at the intersection of gaming, sports, and entertainment. He emphasized the sustainable business model driven by franchise ownership in major esports leagues. Attendees can access the live webcast [here](https://pr.report/muC6RO9G). For one-on-one investor meetings, registration is available on the event's website [here](https://canada.snn.network/signup).

OverActive Media reported record revenues of $5.5 million for Q3 2021, marking a 108.1% increase when adjusted for league revenue share timing and a 9.8% year-over-year growth. However, the company experienced an Adjusted EBITDA loss of $(0.3) million and a net loss of $(6.4) million, attributing these downturns mainly to higher operating expenses linked to its public listing.

Despite losses, OverActive maintains a strong cash position of $36.2 million and has secured preliminary approvals for a performance venue in Toronto, which could drive future growth.