VANCOUVER, BC--(Marketwired - September 08, 2017) - Wow Unlimited Media Inc. (TSX VENTURE: WOW.A) (TSX VENTURE: WOW.B) (the "Corporation") is pleased to announce the appointment of John Vandervelde as Executive Vice President, Corporate Secretary and Chief Financial Officer of the Corporation effective as of September 11, 2017, subject to the approval of the TSX Venture Exchange. The Corporation would like to thank Christine Read for her contributions as Interim Chief Financial Officer of the Corporation.
"We are very pleased to have John join the Wow team. I have had the privilege of working with him at both Nelvana and Cookie Jar," said Michael Hirsh, Chairman and CEO of the Corporation. "His experience and skill set are well-aligned with Wow's long-term goals for growth and development, and I believe that he will be a great contributor to the Corporation going forward."
Having obtained his CPA.CA, CPA.CMA and ACIS, Mr. Vandervelde brings an extensive background in the entertainment and media sector with a depth of experience in capital markets and finance, including film and television financing, distribution and licensing, structuring international co-productions and mergers and acquisitions, as well as strong experience with financial management and reporting, corporate governance and risk management.
Mr. Vandervelde joins the Corporation from InterMedia Finance Corp. where he has acted as managing director since 2013. Prior to joining InterMedia Finance Corp., Mr. Vandervelde acted as the Senior Vice President, Business Development & International Coproduction for Cookie Jar Entertainment Inc. and prior thereto he served as the Senior Vice President, Production & Finance for Nelvana Limited.
Concurrently with Mr. Vandervelde's appointment, the Corporation's board of directors approved the grant of 71,628 incentive stock options of the Corporation (the "Options"). The Options entitle the holder thereof to acquire 71,628 common voting shares in the capital of the Corporation, in accordance with the Corporation's incentive stock option plan (the "Stock Option Plan").
The Options will vest equally over a three year period. Each Option entitles the holder to purchase one common voting share of the Corporation at a price of $1.90 per share for a period of five years from the date of grant. The grant of the Options is subject to the terms of the Stock Option Plan and the approval of the TSX Venture Exchange.
About Wow Unlimited Media Inc.
Wow Unlimited Media Inc. (formerly Rainmaker Entertainment Inc.) is creating a leading next-generation kids and youth animation business by focusing on digital platforms and content. The company's key assets include: the world's No. 1 digital animation network, Frederator Networks, which consists of an animation production company Frederator Studios, as well as VOD channels on digital platforms; the world's first Hispanic animation network, Atomo Network, a joint venture with Anima Estudios; and one of Canada's largest, multifaceted animation production studios, Rainmaker Entertainment, which consists of Mainframe Studios that produces CGI animated television series, and Rainmaker Studios that produces long-form animated features.
Certain information set forth in this press release constitutes "forward-looking statements" and "forward-looking information" under applicable securities laws (collectively, "forward-looking statements"). These statements relate to future events or future performance. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect", and similar expressions are often used to identify forward-looking statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties, both general and specific. In evaluating these statements, readers should specifically consider risks which may cause actual results to differ materially from any forward-looking statement. The forward-looking statements contained herein are based upon certain assumptions considered reasonable at the time they were prepared. Should one or more of the risks or uncertainties identified herein materialize, or should the assumptions underlying the forward-looking statements prove to be incorrect, then actual results may vary materially from those described herein. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable securities laws, the Corporation does not assume any obligation to update the forward-looking statements contained herein.
Neither 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 press release.