Neil Duffy Appointed as Chief Commercial Officer for OverActive Media Americas

Strategic Growth & Innovation in Focus Across Canada, US and LATAM

TORONTO, April 16, 2024 /CNW/ - OverActive Media (TSXV: OAM) ("OverActive" or the "Company"), a premier global esports and entertainment company for today's generation of fans is thrilled to announce the appointment of Neil Duffy as Chief Commercial Officer (CCO), the Americas. Neil Duffy will be responsible for developing and executing the company's revenue and marketing strategies, capitalizing on his extensive esports industry experience to drive growth and enhance OverActive Media's footprint in these key markets.

Neil Duffy previously served as the Chief Revenue Officer (CRO) at eFuse, a gaming software company, where he led strategic partnerships and corporate development, focusing on publishers, advertisers, agencies and brands. Prior to eFuse, Neil was the Chief Commercial Officer (CCO) at CSL Esports, the premier collegiate esports league and tournament operator which was sold in 2020 to Playfly Sports, and previously was the VP, Business Development for WorldGaming which was sold to Cineplex Entertainment in 2015.

"Neil joining us as CCO for the Americas marks a crucial step in our strategy to broaden our impact in the esports space," said Adam Adamou, CEO of OverActive Media. "His remarkable track record and innovative approach to business development and partnerships match perfectly with our plans for the future. Neil will be instrumental in working with our current partners and teams, as well as with our seasoned leadership in EMEA, to guide OverActive into new product categories and markets across Canada and the Americas."

Neil Duffy commented, "Joining OverActive Media feels like stepping into a team that's truly shaping the esports industry. I'm excited to dive in, connect more deeply with our fans, and help push our growth further across North America and LATAM. There's so much opportunity for expansion and innovation in these markets and we have the teams and the talent to be market leaders."

OverActive Media is a leading name in esports globally, engaging an audience of over 130 million fans and followers across its diverse portfolio of teams, players, and influencers. This strategic move aims to propel the company's growth in its markets across Canada, US and Latin America, reinforcing its position at the forefront of the esports industry.

OverAcive Media Corp. (TSXV: OAM) (OTC:OAMCF) is headquartered in Toronto, Ontario, with operations in Madrid, Spain and Berlin, Germany. OverActive's mandate is to build an integrated global company delivering sports, media and entertainment products for today's generation of fans with a focus on esports, videogames, content creation and distribution, culture, and live and online events. OverActive owns team franchises in professional esports leagues, including the Call of Duty League, operating as the Toronto Ultra, the League of Legends EMEA Championship (LEC), operating as MAD Lions KOI, the VALORANT Champions League (VCT) EMEA, operating as Movistar KOI and other professional esports leagues and competitions.

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 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 annual information form for the year ended December 31, 2021 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 conditions, including COVID-19.

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