TORONTO and LOS ANGELES, April 3, 2017 /CNW/ - QYOU Media Inc. (TSXV: QYOU), which began trading on March 31, 2017, is pleased to announce engagements of an Investor Relations firm and a Market Maker as well.
The company launched as a public company with contracted revenue already as of March 31, 2017 for 2017 of US $3.4 million up 70% from the approximately US $2 million recorded in 2016.
QYOU Media is pleased to announce it has engaged The Howard Group as its capital markets communications advisor to direct both traditional and online initiatives targeting the investment community and the investing public.
The Agreement is for one year with remuneration payable to The Howard Group of $7,500 per month plus HST. Subject to Board and regulatory approval, it is proposed that The Howard Group will be granted 145,000 stock options and additional grants of 105,000 at $.50 or the best available price at such time as additional options are available and 150,000 exercisable at $0.75 all of which will have a three-year term and no more than one quarter of the options may vest in any three month period. The Agreement, grant of options and option exercise price is subject to the approval of the TSX Venture Exchange.
Since 1988, The Howard Group has provided comprehensive investor outreach and capital markets programs, financing assistance, business development solutions and strategic planning to public companies.
The Howard Group Inc. will be providing an ongoing commentary on QYOU Media's activities through its "Insight blog". Interested parties are encouraged to subscribe to the commentary feed: https://howardgroupinc.com/howard-group-blog/.
QYOU Media has also retained Trapeze Capital Corp. to provide market-making services in accordance with TSX Venture Exchange policies. Trapeze will trade shares of the company on the TSXV with the objective of contributing to market liquidity of the company's shares. Under the terms of the agreement, with an effective date of April 3, 2017, Trapeze will receive compensation of $5,500 per month. Trapeze will not receive shares or options as compensation. However, Trapeze and its clients may have or may acquire a direct interest in the securities of the company. QYOU and Trapeze are unrelated and unaffiliated entities; Trapeze is a member of the Investment Industry Regulatory Organization of Canada, a participating organization of the Toronto Stock Exchange and a member of the TSXV. The capital and securities required for any trade undertaken by Trapeze as principal will be provided by Trapeze.
The agreement is for an initial term of 90 days and shall be automatically renewed for a subsequent 180-day period unless terminated earlier by 30 days notice.
About QYOU Media Inc.
QYOU Media is a quickly growing, revenue generating Los Angeles based entertainment company with proprietary technology that creates web and TV programming by aggregating premium short-form "made-for- web" (ie; YouTube style) video content. Its low cost, multi-platform content offerings are designed primarily for millennials and distributed globally via satellite, cable, OTT, mobile carriers and other content distribution partners. QYOU founders previously held top level positions with noted names such as Lionsgate, MTV, Newscorp, Agility Studios and Atlantic Records.
The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE QYOU Media Inc.
For further information: QYOU Media, Curt Marvis - Co-CEO, Tel: 310-314-1440, Email: [email protected]; The Howard Group Inc., Tel: 403.221-9015, Toll Free: 1-888-221-0915, Jeff Walker: [email protected]