Genius Group Acquires Revealed Films Inc. to Deliver Instructional Content for Budding Entrepreneurs
October 05 2022 - 7:00AM
Business Wire
Edtech Organization Taps Utah-based Production
Company to Create Educational Entrepreneur-Focused Film
Series
Genius Group Limited (NYSE American: GNS) (“Genius Group” or the
“Company”), a leading entrepreneur Edtech and education group,
today announced that it has entered into an agreement to acquire
Revealed Films Inc., a media production company that specializes in
multi-part documentaries. The transaction value is $10m with
earnout and claw back payments in 2023, 2024 and 2025 that are
contingent on meeting certain revenue and profitability criteria.
The acquisition closed on October 4, 2022 and will enable Genius
Group to enhance and supplement its always-evolving curriculum with
high-quality entrepreneurial education videos.
“Working with Revealed Films will allow Genius Group to produce
outstanding new educational videos catered to our entrepreneurial
programs,” said Roger James Hamilton, CEO and founder of Genius
Group. “We are very impressed with their catalog of films and look
forward to collaborating with them on new content that supports our
lifelong learning curriculum.”
Revealed Films Inc. was founded in 2017 by award-winning
filmmaker and television producer Jeff Hays and wellness and
business expert Patrick Gentempo. The company launches three to
four docu-series per year covering topics such as wealth building,
health and nutrition, medical issues, religion, and political
matters. Revealed Films will continue to operate as a separate
entity.
"We live in a world where synergy and collaboration create much
more value for humankind than individual entities working on their
own,” said Jeff Hays and Patrick Gentempo, co-founders of Revealed
Films Inc. “Revealed Films is immensely excited to work with Genius
Group and Roger Hamilton because it will ignite new possibilities
for what we can all achieve together. Our combined vision and
resources for what we will put into the world and how we believe we
will massively expand our audience, which is already in the
millions, are inspiring us to grow and have impact like never
before."
This is the latest in a recent spate of acquisitions undertaken
by Genius Group. Since going public in April, the company has
expanded its student base through acquisitions of global education
organizations including E-Squared Education Enterprises in South
Africa, Education Angels in New Zealand, Property Investors Network
in the United Kingdom, and University of Antelope Valley in
California. By acquiring these companies, Genius Group is
continuing its strategy to disrupt the education sector and build a
new curriculum centered around entrepreneurship and lifelong
learning.
About Genius Group
Genius Group is a world leading entrepreneur Edtech and
education group, with a mission to disrupt the current education
model with a student-centered, life-long learning curriculum that
prepares students with the leadership, entrepreneurial and life
skills to succeed in today’s market. The group has over 2.9 million
students in 200 countries, ranging from ages 0 to 100.
About Revealed Films
Revealed Films Inc. is a film production company based in Utah
that launches three to four docu-series per year covering topics
such as wealth building, health and nutrition, medical issues,
religion, and political matters.
Forward Looking Statements
This press release contains certain forward-looking statements
within the meaning of the U.S. federal securities laws, including
(without limitation) statements regarding the anticipated timing of
the transaction and the potential benefits of acquiring Revealed
Films Inc. These forward-looking statements are generally
identified by the words “believe,” “project,” “expect,”
“anticipate,” “estimate,” “intend,” “strategy,” “future,”
“opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,”
“will continue,” “will likely result” and similar expressions, but
the absence of these words does not mean that a statement is not
forward-looking. Forward-looking statements are predictions,
projections and other statements about future events that are based
on current expectations and assumptions and, as a result, are
subject to risks and uncertainties.
Many factors could cause actual future events to differ
materially from the forward-looking statements in this press
release, including but not limited to: (i) the effect of the
announcement or pendency of the Transaction on Revealed Films
Inc.’s business relationships, operating results, prospects and
business generally, (ii) risks that the acquisition of Revealed
Films Inc. (the “Transaction”) disrupts current plans and
operations of Revealed Films Inc., (iii) the outcome of regulatory
investigations or any legal proceedings that may be instituted
against Revealed Films Inc. or against the Company related to the
Share Purchase Agreement or the Transaction, (iv) changes in the
markets in which Revealed Films Inc. competes, including with
respect to its competitive landscape, technology evolution or
regulatory changes, (v) changes in domestic and global general
economic conditions, (vi) the risk that Revealed Films Inc. is not
able to maintain production of high quality docu-series, (vii) risk
that the Company and Revealed Films Inc. may not be able to execute
their growth strategies; (viii) risks related to the ongoing
COVID-19 pandemic and response, (ix) risk that Revealed Films Inc.
may not be able to develop and maintain effective internal
controls, and (x) costs related to the Transaction and the failure
to realize anticipated benefits of the Transaction.
The foregoing list of factors is not exhaustive. You should
carefully consider the foregoing factors and the other risks and
uncertainties that will be described in the “Risk Factors” section
of the documents to be filed by the Company from time to time with
the SEC. These filings identify and address other important risks
and uncertainties that could cause actual events and results to
differ materially from those contained in the forward-looking
statements. Forward-looking statements speak only as of the date
they are made. Readers are cautioned not to put undue reliance on
forward-looking statements, and while the Company may elect to
update these forward-looking statements at some point in the
future, it assumes no obligation to update or revise these
forward-looking statements, whether as a result of new information,
future events or otherwise. Neither of the Company nor Revealed
Films Inc. gives any assurance that the Company or Revealed Films
Inc. will achieve its expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20221005005355/en/
Investors: Flora Hewitt, Vice President of Investor Relations
and Mergers and Acquisitions Email: investor@geniusgroup.net
Media Contacts: Fusion PR Email: genius@fusionpr.com
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