- Expansion of the leadership team will propel the
company's global expansion
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TORONTO, June 22,
2022 /CNW/ -- Sabio Holdings Inc. (TSXV: SBIO;
OTCQX: SABOF) (the "Company" or "Sabio"), a leading provider of
connected TV ("CTV") and over-the-top ("OTT") advertising platforms
validated by performance, today announced the appointment of
Tim Russell as its first Chief
Revenue Officer (CRO). Russell is a veteran leader with deep
expertise in spearheading and scaling high-performing teams to
deliver success through the company's next phase of growth.
Russell joins an expanding leadership team at Sabio, who also
appointed a new Chief Growth Officer, Jon
Stimmel, in the past six months. Russell will oversee
Sabio's go-to-market approach, manage all revenue generation
processes, and develop the sales organization within all our
business lines to drive long term revenue growth for the Company.
Additionally, he will identify new market opportunities to
expand into growing segments.
"Tim has proven experience in building customer-centric
commercial teams and executing go-to-market strategies at scale and
will now be responsible for the continued growth, partnerships, and
adoption of Sabio's offerings. We will continue to build the team
this year to meet our customers' needs, and Tim will be
instrumental in developing our commercial growth strategy across
all three of our businesses," stated Aziz
Rahimtoola, CEO and cofounder.
Following significant growth in 2021 into the first quarter of
2022, where the Company report 116% YoY revenue growth, Sabio is
seeing increased business momentum and demand for its platform as
the CTV space looks for greater visibility into critical business
data and actionable insights to power profitable growth.
"I am excited to be stepping into this role at a pivotal stage
in our growth and am looking forward to scaling up globally at what
is already one of the most respected commercial teams in the CTV
adtech industry," said Russell. "Few technology companies in the
CTV sector can be genuinely agnostic, publisher centric, and in the
advantageous position to have been built from the ground up around
CTV."
Most recently, Russell served as Senior Vice President at Sabio,
where he has been responsible for overseeing Sabio's East Coast
organization. Russell has more than 28 years of experience in the
TV industry and will work toward enhancing Sabio's CTV offerings in
a growing market. Before joining Sabio, he held senior positions at
Nexstar, Meredith, TV Guide, Tribune, and Comcast, where he led
sales teams that worked closely with brands and agencies.
Sabio, a cross-screen demand-side platform for CTV and mobile,
is trusted by leading global agencies, including Fortune 500
brands. The platform's ability to pair opt-in mobile data with TV
viewership insights creates activation opportunities for more
significant ROI, targeted actionality, and branding across
screens.
About Sabio
Holdings
Sabio Holdings Inc. (TSXV: SBIO; OTCX: SABOF) is a technology
provider in the high-growth advertising-supported video on demand
and streaming space. Its cloud-based CTV/OTT technologies enable
content creators' distribution, monetization, and analytics while
providing ROI validation for brands and agencies that sponsor them.
The Sabio Holdings portfolio is comprised of the trusted and
transparent content monetization platform Sabio DSP, its cutting
edge, non-panel based, real-time measurement and attribution SAAS
platform App Science™ along with Vidillion, a pioneer in ad
insertion cloud technologies.
For more information, visit: sabioholding.com
Forward-Looking
Statements
This press release may contain certain forward-looking
information and statements ("forward-looking information")
within the meaning of applicable Canadian securities legislation,
including but not limited to the continuing momentum of demand and
industry trends, that are not based on historical fact, including
without limitation statements containing the words "seeing",
"anticipates", "plans", "intends", "will", "should", "expects",
"continue", "estimate", "forecasts" and other similar
expressions. Readers are cautioned to not place undue reliance on
forward-looking information. Actual results and developments may
differ materially from those contemplated by these statements. The
Company undertakes no obligation to comment on analyses,
expectations or statements made by third-parties in respect of the
Company, its securities, or financial or operating results (as
applicable). Although the Company believes that the expectations
reflected in forward-looking information in this press release are
reasonable, such forward-looking information has been based on
expectations, factors and assumptions concerning future events that
may prove to be inaccurate and are subject to numerous risks and
uncertainties, certain of which are beyond the Company's control,
including the effect of the macro-economic environment adversely
impacting the Company's business more than anticipated, and the
other risk factors disclosed in the Company's filing statement and
management's discussion and analysis (MD&A), which are
publicly available on SEDAR at www.sedar.com.
The Company has assumed that the material factors referred to
herein will not cause such forward-looking statements and
information to differ materially from actual results or events.
However, there can be no assurance that such assumptions will
reflect the actual outcome of such items or factors. The
forward-looking information contained in this press release is
expressly qualified by this cautionary statement and is made as of
the date hereof. The Company disclaims any intention and has no
obligation or responsibility, except as required by law, to update
or revise any forward-looking information, whether as a result of
new information, future events or otherwise.
This news release shall not constitute an offer to sell or
the solicitation of an offer to buy any securities in any
jurisdiction.
Neither the TSX Venture Exchange nor its Regulation
Service 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 Sabio Holdings Inc.