Liquid Media Announces Adjournment of Special Meeting following Injunction

VANCOUVER, British Columbia, May 08, 2023 (GLOBE NEWSWIRE) -- Liquid Media Group Ltd. (the "Company", "Liquid Media" or "Liquid") (Nasdaq: YVR) is announcing that the Company will be further adjourning the special meeting of shareholders previously scheduled for May 5, 2023 (the "Special Meeting"), to rather be held on May 12, 2023 at 2:00pm PT at Suite 401, 750 West Pender Street, Vancouver, BC V6C 2T7 Canada.

The former shareholders of the Company's subsidiary, Digital Cinema United ("DCU"), have obtained an injunction in the Supreme Court of British Columbia which has restrained the Company from proceeding with the Special Meeting pending the outcome of a dispute in respect of milestone shares issuable to the former DCU shareholders. The Company is assessing available options to resolve the disagreement and continue with the Special Meeting as proposed on May 12, 2023.

About Liquid Media Group Ltd.

Liquid Media Group Ltd. (Nasdaq: YVR) is an entertainment company empowering independent IP creators. Liquid's end-to-end solution enables professional video (film/TV and streaming) creation, packaging, financing, delivery, and monetization, empowering IP creators to take their professional content from inception through the entire process to monetization.

Additional information is available at www.LiquidMediaGroup.co.

Further information:

Investor / Business
Justin Kulik
CORE IR
[email protected]

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This news release includes statements containing certain "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"). Forward-looking statements are typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. Forward-looking information in this news release includes, but is not limited to, the proposed timing of the Special Meeting. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such factors include, but are not limited to: developments related to the COVID-19 pandemic, regulatory actions, market prices, continued availability of capital and financing, and general economic, market or business conditions, as well as additional risks disclosed in the Company's annual and quarterly financial reports available at www.sedar.com. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.