OverActive Media Announces Strategic Sponsorship with Ecoembes to Lead Sustainability in Esports

TORONTO, Nov. 4, 2024 /CNW/ - OverActive Media (TSXV: OAM) (OTC: OAMCF) ("OverActive" or the "Company"), a premier global esports and entertainment company for today's generation of fans, is pleased to announce that its esports club, Movistar KOI, has entered into a strategic sponsorship agreement with Ecoembes, a leading organization in circular economy and packaging recycling. This partnership positions Movistar KOI at the forefront of sustainability efforts in European esports, reinforcing OverActive Media's commitment to environmental responsibility and sustainable growth.

Key Highlights:

• Strategic Sponsorship: Ecoembes becomes Movistar KOI's official sustainability sponsor for 2024 and 2025.
• Focused Sustainability Initiatives: Movistar KOI will drive recycling awareness, packaging recovery, and circular economy principles within the esports community.
• Carbon Neutrality Goal: Movistar KOI is committed to reducing its carbon footprint, aligning with global sustainability objectives.
• Global Footprint: Movistar KOI has joined the United Nations Sports for Climate Action Framework (UNSCAF), reinforcing its commitment to the 2030 Agenda for sustainable development.

The initiative, titled "The Circular Game," unites Ecoembes and Movistar KOI in implementing a robust sustainability plan that addresses environmental education in esports. Together, we aim to significantly reduce the environmental impact of esports activities and lead the way toward carbon neutrality.

"Bringing circular economy principles to the esports world allows us to connect with a new generation committed to sustainability," said Nieves Rey, Communications and Marketing Director at Ecoembes. "'The Circular Game' exemplifies our mission to make every action contribute to the vital goal of protecting our planet."

"This partnership sets a new standard in esports environmental responsibility," said Carlos García Acevedo, CCO, OverActive Media. "Together, we will take meaningful steps to reduce our carbon footprint, and we're eager to engage our fans in this movement."

In partnership with Ecoembes, OverActive Media and Movistar KOI are dedicated to responsible growth and environmental sustainability. We recognize our role in preserving the planet and are striving to set a new standard in the esports industry. We invite others to join us on this essential journey towards a more sustainable tomorrow.

ABOUT OVERACTIVE MEDIA

OverActive Media (TSXV: OAM) (OTC: OAMCF) is a Toronto-based global esports and entertainment company with operations in Madrid, Spain, and Berlin, Germany. With a focus on esports, video games, content creation, and live and online events, OverActive is building an integrated global company to serve today's generation of fans. The company owns and operates leading esports franchises, including the Toronto Ultra, MAD Lions KOI, Movistar KOI, and Toronto Defiant, among others.

ABOUT ECOEMBES

Since 1997, Ecoembes has promoted recycling of household packaging across Spain, helping create a waste-free future through reduction, reuse, and recycling efforts. In 2023 alone, Ecoembes recycled nearly 1.7 million tons of packaging. As a non-profit, Ecoembes works with over 19,000 companies to meet regulatory standards and expand recycling initiatives throughout Spain.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMAITON

This press release contains statements which constitute "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements"), including statements regarding the plans, intentions, beliefs and current expectations of OverActive with respect to its partnership with Ecoembes and the anticipated benefits of that partnership as well as future business activities and operating performance. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding the anticipated financial and operating results of OverActive in the future.

Investors are cautioned that forward-looking statements are not based on historical facts but instead OverActive management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although OverActive believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed thereon, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the OverActive. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements include the following: the potential impact of OverActive's qualifying transaction on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws and regulations both locally and in foreign jurisdictions; compliance with extensive government regulation; the risks and uncertainties associated with foreign markets; the ability of the Company to continue to execute on its existing partnerships and business strategy; the ability of the MAD Lions and Call of Duty Leagues to maintain viewership; the successful completion of the Company's new venue; and other risk factors set out in OverActive's most recent annual information form and its other filings with Canadian securities regulators, copies of which may be found under OverActive's profile at www.sedarplus.ca. These forward-looking statements may be affected by risks and uncertainties in the business of OverActive and general market conditions9.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although OverActive has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. OverActive does not intend and do not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.

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

SOURCE Overactive Media Corp.

For more information, please contact: Media Inquiries: Rikesh Shah, CFO, OverActive Media, [email protected]; Investor Relations: Babak Pedram, Virtus Advisory Group Inc., [phone], [email protected]