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NEW YORK, March 5, 2025 /CNW/ - MiMedia Holdings Inc. (TSXV: MIM) (OTCQB: MIMDF) (FSE: KH3) ("MiMedia" or the "Company") announced today that it has engaged 1502656 B.C. Ltd. ("1502656"), a consulting firm based in Surrey, BC, to provide investor relations services in accordance with TSX Venture Exchange (the "Exchange") policies.
Pursuant to the investor relations agreement (the "IR Agreement") entered into between the Company and 1502656, 1502656 will assist the Company with investor relations strategy and tactics for improving the Company's presence within the capital markets, developing operational performance metrics that will aid investors and analysts in evaluating the Company's progress, implementing plans for presenting the Company to the financial community, assisting with investor awareness of the Customer's plans, strategy, and personnel, as they may evolve during the term of the IR Agreement, and assisting the Company in communicating appropriate information regarding such plans strategy, and personnel to the investment community. The IR Agreement has a term of 6 months and commenced on February 28, 2025 (the "Commencement Date). The Company has agreed to pay 1502656 a fee of US$500,000 for its services, with US$200,000 due a month following the Commencement Date, US$150,000 due two months following the Commencement Date and the remaining US$150,000 due three months following the Commencement Date.
There are no performance factors contained in the IR Agreement and 1502656 will not receive any securities of the Company as compensation. 1502656 and the Company are unrelated and unaffiliated entities and neither 1502656 nor any of its principals has an interest, directly or indirectly, in any securities of the Company, or any right or intent to acquire such an interest. The IR Agreement is subject to acceptance by the Exchange.
1502656 is in the business of providing strategic digital media services, marketing (including investor awareness campaigns) and data analytical services to increase investor awareness of public issuers. 1502656 is beneficially owned by Nathan Nowak.
About MiMedia
MiMedia Holdings Inc. provides a next-generation consumer AI cloud platform that enables all types of personal media to be secured in the cloud, accessed seamlessly at any time, across all devices and on all operating systems. The Company's platform differentiates with its rich media experience, robust organization tools, private sharing capabilities and features that drive content re-engagement. MiMedia partners with smartphone makers and telecom carriers globally and provides its partners with recurring revenue streams, improved customer retention and market differentiation. The platform services millions of engaged users around the world.