VANCOUVER, British Columbia--(BUSINESS WIRE)--BBTV Holdings Inc. (TSX: BBTV) a media tech company that uses technology enabled solutions to help content owners become more successful, today provided a corporate update subsequent to the initial public offering (IPO) completed on October 28, 2020.
Notice of 2020 Third Quarter Results Call
BBTV will release its 2020 third quarter results on Friday, November 13, 2020 prior to the market open. The Company will subsequently hold a conference call on the same day, at 1pm EST hosted by Ms. Shahrzad Rafati, Chairperson and CEO, and Mr. Todd Tappin, Chief Financial Officer. Ms. Rafati and Mr. Tappin will review the Q3 results and discuss: 1- The Company’s over-arching growth strategy, 2- The Company’s continued resilience and strong performance during the Pandemic and 3- the overall outlook for the business. A question and answer session will follow the corporate update.
All interested parties can join the call by dialling (647) 427-2311 or (866) 521-4909 and referencing BBTV Holdings Third Quarter Earnings Call. Please dial in 15 minutes prior to the call to secure a line. A live audio webcast of the conference call will also be available at investors.bbtv.com. Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to join the webcast.
Third Quarter Results Disclosure
As part of the disclosure in the final prospectus dated October 22, 2020, BBTV preannounced two of its primary metrics for the third quarter as part of an update on the business and the impact of the COVID-19 pandemic. At that time, the Company estimated its views increased by more than 15% for the three-month period ended September 20, 2020 (Q3 2020), compared to the same period in 2019 and estimated its revenue increased by more than 25% in Q3 2020 compared to the same period last year.
Board of Directors Additions
As part of its preparation for the IPO, the Company appointed three new directors to its Board, Mr. Marcel Reichart, Board of Directors of Fotografiska NeueHouse Inc., Ms. Michele Romanow, Co-Founder of Clear Finance Technology Corp. and Mr. Ryan Holmes, Chairman and a Director of Hootsuite Inc.
These new members join Hamed Shahbazi, lead director, and Ms. Shahrzad Rafati as BBTV’s Board Chair. Mr. Shahbazi and Ms. Rafati participated alongside public investors in the IPO, investing a total of approximately $17.5 million [on the same terms as the IPO investors] for approximately 10% of the offering. Mr. Shahbazi, Founder and CEO of WELL Health Technologies brings a great deal of experience with capital markets to the BBTV Board and now serves as the company’s audit committee chair.
“BBTV has assembled a strong and engaged board of directors that consists of accomplished entrepreneurs and highly experienced operators. They bring complimentary skills and diverse experiences from their media, technology, social media, capital allocation and capital markets backgrounds,” comments Shahrzad Rafati, Chairperson and CEO, BBTV. “Their insight will be invaluable to the business as we enter this next growth phase and our path forward as a public company. On behalf of the Company, I welcome the new members to the Board and we have already benefited from their counsel.”
LodeRock Advisors Providing Investor Relations Services
LodeRock Advisors Inc. is now providing strategic investor relations and capital markets communications services to BBTV. LodeRock is a Toronto-based group of senior capital markets communications executives who develop and execute communications programs in order to help companies achieve their capital markets objectives and capture the full potential of their public listing.
About BBTV
BBTV is a media and technology company headquartered in Vancouver, Canada. BBTV is an enabling platform with a stated mission of advancing the world through the democratization of content. From individual content creators to global media companies, BBTV monetizes the media of content owners through end-to-end management, distribution and monetization solutions, powered by its innovative VISO Platform, including related proprietary technology, while allowing content owners to focus on their core competency – content creation. In June 2020, BBTV had the second most unique monthly viewers among digital platforms with 596 million globally, who consumed more than 54 billion minutes of video content, the most among media companies* www.bbtv.com
*Calculations and classifications made by BBTV based on data from Comscore contained in Comscore’s “Top 12 Countries = June 2020 comScore Video Metrix Media Trend - Multi-Platform - Top 100 Video Properties Report”.
Forward-Looking Statements
This press release may contain forward‐looking information within the meaning of applicable securities legislation, including statements with regards to the timing of the release of the third quarter results and related conference call, and achieving the Company’s capital markets objectives, which forward-looking information reflects the Company’s current expectations regarding future events. Forward‐looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward‐looking information. Such risks and uncertainties include, but are not limited to, having to change anticipated timing of our release and conference call, failure to meet our capital markets objectives and related future events, and the factors discussed under “Risk Factors” in the final prospectus of the Company dated October 22, 2020. The Company does not undertake any obligation to update such forward‐looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
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