OOOOO Announces the Resignation and Appointment of Director

Rhea-AI Summary

OOOOO Entertainment Commerce Limited appoints Phillip Lord to the Board of Directors and announces resignation of Steven Hubbard.

Positive

• Appointment of Phillip Lord brings extensive experience in cross-border investment, investor relations, and fund raising. Lord has deep relationships with major Sovereign Wealth Funds, private equity, venture capital, and hedge funds. His expertise in crypto markets can potentially drive growth in coin/token issuance and decentralized exchanges/platforms.

Negative

• Resignation of Steven Hubbard may impact the Company's board dynamics and leadership.

Vancouver, British Columbia--(Newsfile Corp. - August 9, 2023) - OOOOO Entertainment Commerce Limited. (TSXV: OOOO) (OTCQB: OOOOF) ("OOOOO" or the "Company) today announced that it has appointed Phillip Lord to the Board of Directors, effective immediately.

Mr. Phillip Lord Phillip has been active in the cross-border investment, investor relations and fund raising over 25 years in global capital markets with experience across the United States, European, Asian and Australian markets. Mr. Lord has deep relationships with major Sovereign Wealth Funds, private equity, venture capital and hedge funds and is experienced in dealing with entrepreneurs and an expert in crypto markets including coin/token issuance, centralized and decentralized exchanges/platforms.

The Company also announced that Mr. Steven Hubbard has resigned as a Director of the Company effective August 7, 2023. The Company wishes to sincerely thank Mr. Hubbard for his contributions to the Company during the past year.

About OOOOO

Founded by Sam Jones and Eric Zhang, OOOOO operates a technology platform that enables retailers, brands and entrepreneurs to share product-based content directly to consumers through live, interactive shoppable videos.

For further information please contact:

Samuel Jones
Chief Executive Officer/Co-Founder
sam@ooooo.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/176631

FAQ

Who has OOOOO Entertainment Commerce Limited appointed to its Board of Directors?

OOOOO Entertainment Commerce Limited has appointed Phillip Lord to its Board of Directors.

What is Phillip Lord's experience?

Phillip Lord has over 25 years of experience in cross-border investment, investor relations, and fund raising. He has deep relationships with major Sovereign Wealth Funds, private equity, venture capital, and hedge funds. He is also an expert in crypto markets.

What impact does Phillip Lord's appointment have on the Company?

Phillip Lord's appointment brings extensive experience and expertise in cross-border investment, investor relations, fund raising, and crypto markets. This can potentially drive growth in coin/token issuance and decentralized exchanges/platforms.

Who has resigned from the Board of Directors of OOOOO Entertainment Commerce Limited?

Steven Hubbard has resigned from the Board of Directors of OOOOO Entertainment Commerce Limited.

When does Steven Hubbard's resignation become effective?

Steven Hubbard's resignation became effective on August 7, 2023.