Prominent advisor, investor, and media
contributor joins PopReach
TORONTO, April 26, 2021 /CNW/ - PopReach Corporation
("PopReach" or the "Company") (TSXV: POPR) (OTCQX:
POPRF), a free-to-play game publisher focused on acquiring and
optimizing proven game franchises, today announced the appointment
of Mike Vorhaus as an additional
independent member of its Board of Directors.
"Mike is an excellent addition to our Board with an esteemed
career working with many of the world's most successful digital
media companies through all stages of their lifecycles," said
Chris Schnarr, Chairman of PopReach.
"He has decades of experience working with growth stage companies,
and is a subject matter expert in mobile gaming. His deep domain
expertise, extensive industry and capital markets network in the
U.S., media connections worldwide, and reputation across the
broader technology sector will be invaluable as PopReach becomes a
truly global consolidator of free-to-play game franchises."
"PopReach's playbook of acquiring and profitably growing proven
game assets stands out in an industry focused on 'new hits', which
leaves too many misses," said Mr. Vorhaus. "This unique
strategy mitigates risk, while still maintaining massive upside
potential in a rapidly growing market. I'm proud to be joining such
a strong team, and look forward to bringing my expertise and
network to the table as PopReach executes on its growth plans."
Mr. Vorhaus, based in Los
Angeles, is the founder and CEO of Vorhaus Advisors, a
research and consultancy firm to media, internet and video game
companies. Previously, he was President of Magid Advisors,
where he founded their Internet and Gaming practices, advising many
of the top digital and gaming companies in the U.S. and abroad. Mr.
Vorhaus is a Director of Perion (NASDAQ: PERI), where he Chairs the
Nominations Committee and serves on the Audit Committee, a Director
of Altimar Acquisitions (NYSE: ATAC), and an advisor to venture
capital and private equity firms in regard to investments in the
media and tech spaces.
Mike Vorhaus appears regularly on
CNBC, CNBC Asia, MSNBC, CBS, NPR, and Fox Business, and is often
quoted in newspapers and Websites, such as The New York Times, The Wall Street Journal,
USA Today, Reuters, MarketWatch,
TheStreet, and others. He also worked for the U.S. House of
Representatives, the U.S. Senate, as a part-time Advance Man in the
Carter and Clinton White Houses, as well as having consulted on a
number of film projects such as You've Got Mail and The Matrix.
In connection with his appointment as an independent director,
the Company granted Mr. Vorhaus options to acquire 45,000 shares,
exercisable at $0.85 (being the 5-day
volume weighted average price of the Company's shares), vesting on
the first anniversary of the grant, with a five year term.
In accordance with the policies of the TSX Venture Exchange, Mr.
Vorhaus' appointment is subject to their review and approval.
About PopReach Corporation
PopReach, a Tier 1 Issuer on the TSX Venture Exchange, with
shares also trading on OTCQX® Best Market, is a free-to-play game
publisher focused on acquiring and optimizing proven franchises.
The Company has to date acquired 14 successful franchises enjoyed
by over 1.9 million unique players a month, including Smurfs'
Village (IP under license), PAYDAY Crime War (IP under
license), Peak - Brain Training, Kitchen Scramble,
Gardens of Time, City Girl Life, War of
Nations and Kingdoms of Camelot. PopReach, headquartered
in Toronto, employs a team of over
125 experts in Toronto,
Vancouver, London, UK, and Bangalore, India.
Additional information about the Company is available at
www.sedar.com
Forward-looking Information
Certain information in this news release constitutes
forward-looking statements and forward-looking information under
applicable Canadian securities legislation (collectively,
"forward-looking information"). Forward-looking information
include, but are not limited to, statements with respect to and the
business, financials and operations of the Company. Statements
containing forward-looking information are not historical facts but
instead represent management's expectations, estimates and
projections regarding future events. Forward looking information is
necessarily based on a number of opinions, assumptions and
estimates that, while considered reasonable by the Company as of
the date of this news release, are subject to known and unknown
risks, uncertainties, assumptions and other factors that may cause
the actual results, level of activity, performance or achievements
and future events to be materially different from those expressed
or implied by such forward-looking information, including but not
limited to the factors described in greater detail in the public
documents of the Company available at www.sedar.com. Although the
Company 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. Investors are cautioned undue reliance
should not be placed on any such information, as unknown or
unpredictable factors could have material adverse effects on future
results, performance or achievements of the Company. The Company
does not intend, and does not assume any obligation, to update this
forward-looking information except as otherwise required by
applicable law.
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 release.
SOURCE PopReach Corporation