Kuuhubb Calls Annual and Special Shareholder Meeting and Announces Officer Change

TORONTO, Jan. 29, 2019 (GLOBE NEWSWIRE) -- Kuuhubb Inc. ("Kuuhubb" or the "Company") (TSX-V: KUU), a technology company focused on developing, acquiring and distributing lifestyle and mobile game applications for the female audience, announces that the board of directors of the Company (the "Board") has called an annual and special meeting of the Company's shareholders (the "Meeting").

The Meeting is scheduled to take place on Thursday, April 4, 2019 at a time and location to be determined. The record date for determining shareholders entitled to notice of the Meeting and to vote at the Meeting is set as February 25, 2019. Kuuhubb will provide important information in a management proxy circular and other meeting materials that will be mailed to shareholders of the Company and posted to the Company's website and under its profile on SEDAR (www.sedar.com) nearer to the record date, as required under applicable law.

The Meeting is being called in response to a requisition (the "Requisition") that Kuuhubb received on January 9, 2019 from certain shareholders of the Company holding approximately 5% of the common shares of the Company in the aggregate (the "Requisitioning Shareholders"). The Requisitioning Shareholders have disclosed that they intend to ask shareholders of the Company to vote on a resolution to remove all directors of the Company, set the number of directors of the Company to be elected at five and elect five new directors of the Company.

Kuuhubb also announces that Christian Kolster has been appointed as Corporate Secretary of the Company in replacement of Geoffrey Farr. Finally, Kuuhubb announces that a new director (the "New Appointee") was appointed to the Board to fill the board vacancy created by the previous resignation of Maurice Colson. The New Appointee however resigned shortly after his appointment to the Board. Arnold Kondrat, Philip Chen (the "Canadian Directors") and Maurice Colson had threatened to commence personal legal proceedings against three members of the Board, Jouni Kera?nen, Christian Kolster and Carl von Troil, as well as against the New Appointee. The Canadian Directors voted against the resolutions to appoint Christian Kolster as Corporate Secretary of the Company and the New Appointee as director.

This news release is not intended to, and does not, constitute a solicitation of proxies in relation to the Meeting. Any solicitation of proxies by or on behalf of management of the Company in relation to the Meeting will take place upon and following the dissemination of the management proxy circular and other meetings materials in accordance with applicable law.

About Kuuhubb

Kuuhubb is a company active in the digital space that focuses mainly on lifestyle and mobile game applications for the female audience. Its strategy is to create sustainable shareholder value through acquisitions of proven, yet underappreciated, assets with robust long-term growth potential. Headquartered in Helsinki, Finland, Kuuhubb has a global presence with a strong focus on developing U.S. brand collaborations and Asian partnerships.

Forward-Looking Statements

Certain information set forth in this document, including the statement that the Meeting has been called and scheduled, is considered forward-looking information, and necessarily involves risks and uncertainties, certain of which are beyond the Company's control. Such risks include but are not limited to delays in scheduling and holding the Meeting within the time periods contemplated herein. Actual results, performance or achievements could differ materially from those expressed in, or implied by, the forward-looking information and, accordingly, no assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do, what benefits Kuuhubb will derive therefrom. With respect to forward-looking information contained herein, Kuuhubb has made assumptions regarding the anticipated timing for the Meeting, the provision of a management proxy circular and other meeting materials. Furthermore, the forward-looking information contained in this document is made as of the date of this document, and Kuuhubb does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities law.

Neither 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.

For further information, please contact:

Kuuhubb Inc.

Jouni Kera?nen ? CEO
[email protected]
Office: +358 40 590 0919

Bill Mitoulas
Investor Relations
[email protected]
Office: +1 (416) 479-9547