InfiniteWorld Adds Milica Zec as Chief Metaverse Officer

Rhea-AI Summary

Infinite Assets, Inc. has appointed Milica Zec as Chief Metaverse Officer, enhancing its leadership in the expanding metaverse sector. Zec, known for her impactful work at New Reality Company, is set to spearhead metaverse initiatives and partnerships. CEO Yonathan Lapchik expressed enthusiasm about her expertise contributing to the company's growth. The firm, part of the Suku Ecosystem, focuses on NFT infrastructure and utility for global brands. This development comes as InfiniteWorld is progressing towards a business combination with Aries I Acquisition Corporation (RAM) expected to finalize in 2022.

Positive

• Appointment of Milica Zec as Chief Metaverse Officer enhances leadership and strategic direction.
• Milica Zec brings significant experience and partnerships with major corporations, potentially boosting brand development.

Negative

• Business combination with Aries I Acquisition Corporation is contingent upon shareholder approval.
• Uncertainty around the completion of the proposed business combination may affect investor confidence.

MIAMI--(BUSINESS WIRE)-- Infinite Assets, Inc. (“InfiniteWorld”), a leading metaverse infrastructure platform that enables brands to create, monetize and drive consumer engagement with digital content, announced today the company has added Milica Zec to its executive team as Chief Metaverse Officer. Zec will lead the company’s metaverse initiatives, including current and upcoming projects and partnerships for brand development.

Prior to joining InfiniteWorld, Zec co-founded New Reality Company where she served as Producer and Director, Mixed Reality & Metaverse. At New Reality, she assembled and led dozens of teams of up to 100+ people in the creation, marketing, audience building and fundraising of projects in multiple industries and media.

“We are very pleased for Milica to join the InfiniteWorld team in this important role,” said InfiniteWorld CEO Yonathan Lapchik. “Milica brings a tremendous level of leadership, innovation and expertise in the metaverse to the company. Her impressive experience will have a significant impact on our company as we move forward.”

“I am thrilled to be joining InfiniteWorld and their vibrant community in exploring the new and exciting worlds that are unfolding in this unprecedented time in media and technology,” added Zec. “Combining cutting-edge tools, interdisciplinary talent, and a passion for creation and discovery, InfiniteWorld is uniquely situated for building and expanding truly innovative experiences in the metaverse, and it’s an honor to be embarking on this quest together.”

Named one of Adweek’s Top 100 creatives, Zec directed and produced critically acclaimed VR experiences Giant and Tree. The universal message and wide reach of her projects have enabled her to connect with a large number of high-profile world leaders, decision-makers and innovators across the globe. Across film, art, mixed reality and metaverse, she has formed numerous partnerships with major corporations including Nvidia, Microsoft, Epic Games, Intel, Adobe, HP, HTC, and Oculus. Her projects have received four grants from Epic Games and she continues to maintain a close relationship with them and other key members of the tech, gaming, and creative industries.

On December 13, 2021, InfiniteWorld and Aries entered into a definitive agreement for a business combination (the “Business Combination”) that upon consummation is expected to result in InfiniteWorld becoming a publicly traded company. Upon closing of the transaction, the combined company is expected to be listed on the Nasdaq Global Select Market under the ticker symbol “JPG”. The Business Combination is expected to close in the first half of 2022.

About Aries I Acquisition Corporation

Aries I Acquisition Corporation was founded by its Chairman, Thane Ritchie. The Company is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any industry or geographic region, the Company intends to focus its initial business combination search on the following industry segments: aerospace, satellites, and space exploration; quantum computing and chemistry; artificial intelligence and machine learning; cybersecurity; and blockchain and digital currencies.

About InfiniteWorld

InfiniteWorld, part of the Suku Ecosystem, is dedicated to provide Plug & Play NFT infrastructure and utility to enable global brands to build their identity on the metaverse in a scalable, secure and innovative way. At InfiniteWorld, we help brands and creators increase engagement, traceability and authenticity for real world and virtual products, events, and interactive experiences. With InfiniteWorld's own NFT marketplace, NFC tags authenticity technology, white-label NFT marketplace solution, and NFT utility tools, InfiniteWorld is the go-to place for brands and creators venturing into the Metaverse!

Additional Information and Where to Find It

Aries intends to file a registration statement on Form S-4 (the “Registration Statement”) with the SEC which will include a proxy statement and a prospectus of Aries, and each party will file other documents with the SEC regarding the proposed transaction. A definitive proxy statement/prospectus will also be sent to the shareholders of Aries, seeking any required shareholder approval. Before making any voting or investment decision, investors and security holders of Aries are urged to carefully read the entire Registration Statement and proxy statement/prospectus, when they become available, and any other relevant documents filed with the SEC, as well as any amendments or supplements to these documents, because they will contain important information about the proposed transaction. Aries shareholders and InfiniteWorld stockholders will also be able to obtain copies of the preliminary Proxy Statement, the definitive Proxy Statement and other documents filed with the SEC, without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to Aries’s secretary at 90 N. Church Street, P.O. Box 10315, Grand Cayman, Cayman Islands KY-1003.

No Offer or Solicitation

This communication and any oral statements made in connection with this communication are for informational purposes only and shall not constitute a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the transaction, and are not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy or subscribe for any securities or a solicitation of any vote of approval, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.

Participants in Solicitation

Aries and its directors and executive officers may be deemed participants in the solicitation of proxies from Aries’s shareholders with respect to the proposed Business Combination. A list of the names of those directors and executive officers and a description of their interests in Aries is contained in Aries’s registration statement on Form S-1 (File No. 333-253806), which was declared effective by the SEC on May 18, 2021. To the extent such holdings of Aries’s securities may have changed since that time, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the interests of such participants will be contained in the Proxy Statement for the proposed Business Combination when available.

InfiniteWorld and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from Aries’s shareholders with respect to the proposed Business Combination. A list of the names of such directors and executive officers and information regarding their interests in the proposed Business Combination will be included in the Proxy Statement for the proposed Business Combination when available.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements made in this press release, and oral statements made from time to time by representatives of Aries and InfiniteWorld are “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Statements regarding the proposed business combination and expectations regarding the combined business are “forward-looking statements.” In addition, words such as “estimates,” “projects,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “would,” “should,” “future,” “propose,” “target,” “goal,” “objective,” “outlook” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the control of the parties, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.

Important factors, among others, that may affect actual results or outcomes include: the inability of the parties to complete the proposed Business Combination; the risk that the approval of the shareholders of Aries for the proposed Business Combination is not

obtained; the inability to recognize the anticipated benefits of the proposed Business Combination, which may be affected by, among other things, the amount of funds available in Aries’ trust account following any redemptions by Aries’ shareholders; the ability to meet the NASDAQ’s listing standards following the consummation of the transactions contemplated by the proposed Business Combination; costs related to the proposed Business Combination; and those factors discussed in the registration statement and final prospectus relating to Aries’ initial public offering filed with the SEC on May 18, 2021, Item 1A. Risk Factors of the Form 10-Q for the quarter ended September 30, 2021 filed with the SEC on November 22, 2021 and other documents of Aries filed, or to be filed, with the SEC. Aries and InfiniteWorld do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220310005979/en/

Media

Keil Decker

ICR for InfiniteWorld and Aries

(646) 677-1806

Keil.Decker@icrinc.com

Investors

Ashley DeSimone

ICR for InfiniteWorld and Aries

(646) 677-1827

Ashley.DeSimone@icrinc.com

Source: Aries I Acquisition Corporation

FAQ

Who is Milica Zec and what is her role at InfiniteWorld?

Milica Zec has been appointed as Chief Metaverse Officer at InfiniteWorld, responsible for leading metaverse initiatives.

What does InfiniteWorld focus on within the metaverse?

InfiniteWorld provides NFT infrastructure and utility to help brands build their identity in the metaverse.

What is the relationship between InfiniteWorld and Aries I Acquisition Corporation?

InfiniteWorld is progressing towards a business combination with Aries I Acquisition Corporation, anticipated to close in 2022.

What is the ticker symbol for Aries I Acquisition Corporation?

The ticker symbol for Aries I Acquisition Corporation is RAM.

What impact does Milica Zec's appointment have on InfiniteWorld?

Zec's appointment is expected to enhance InfiniteWorld's leadership and strategic partnerships in the metaverse space.