OOOOO Appoints Tom Judge as Chief Operating Officer

VANCOUVER, British Columbia, Sept. 02, 2021 (GLOBE NEWSWIRE) — OOOOO Entertainment Commerce Limited (“OOOOO” or the “Company”) (OOOO:TSXV), a mobile commerce platform, is pleased to announce that the Company has appointed Tom Judge to the role of Chief Operating Officer.

Mr. Judge brings a wealth of experience to OOOOO including over twelve years in e-commerce operations and finance. Tom will be responsible for operations, partner success and international expansion, overseeing the business teams to optimize processes and ensure sustainable company growth.

Tom brings management experience from Rocket Internet where he led their operations, technical and customer service teams. In addition to Rocket Internet, Tom played an instrumental role in several highly successful technology start-ups that have either been acquired or gone public.

Tom earned a B.Sc. in finance from the Eller College of Management at the University of Arizona and a MBA from The University of Chicago Booth School of Business.

“I am thrilled to join the OOOOO team alongside Sam and Eric. What I find most compelling about OOOOO is the company’s unique position to enable creators and brand partners to engage people in an innovative, value focused way” said Tom.

Tom commented, “Customers engage with creators to understand and buy products they love, which has helped our partners see quick implementation, very healthy basket sizes with low return rates. The opportunity to expand this successful business model globally is extremely attractive. Throughout my career, I have been grateful to work with businesses that change the world. OOOOO’s mission is to provide the world’s best entertainment commerce, made by our entrepreneurial creators for our shoppers who love the experience. We are a platform to enable world-class partners to increase engagement, attract and retain customers in an innovative way.”

“Tom has an outstanding background and is a great addition to our global leadership team. Tom himself is an entrepreneur, his blend of venture capital, product and business development on a global stage are all highly valuable to our plans. In particular, his experience with Foodpanda, overseeing global operations and his time with Rocket Internet SE as Global Venture Development Director, supporting 80+ ventures, is precisely the skillset we require for rapid expansion of OOOOO across markets.” stated Sam Jones, Chief Executive Officer OOOOO.

About OOOOO Entertainment Commerce

OOOOO Entertainment Commerce operates a technology platform that enables retailers, brands and entrepreneurs to share product-based opinions directly to consumers through live, interactive, shoppable videos. The platform also offers gamification and social features which reward the community for helping to grow the user base, reducing the need for traditional ad networks.

The Company was founded in 2020 by Sam Jones and Eric Zhang and has offices in Oxford and Shanghai.

For further information please contact:

OOOOO Entertainment Commerce Limited

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Forward Looking Information

Certain statements in this news release may constitute “forward-looking statements.” Forward-looking statements are statements that address or discuss activities, events or developments that OOOOO expects or anticipates may occur in the future. When used in this news release, words such as “estimates,” “expects,” “plans,” “anticipates,” “projects,” “will,” “believes,” “intends,” “should,” “could,” “may” and other similar terminology are intended to identify such forward-looking statements. Forward-looking statements reflect the current expectations and beliefs of OOOOO’s management. Because forward-looking statements involve known and unknown risks, uncertainties and other factors, actual results, performance or achievements of OOOOO or the industry may be materially different from those implied by such forward-looking statements. Examples of such forward-looking information that may be contained in this news release include statements regarding: growth and future prospects of our business; our perceptions of the industry and markets in which we operate and anticipated trends in such markets; expectations regarding the operation of our app; and our future revenues. Material factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking statements may include, but are not limited to, our ability to execute on our business plan, increase visibility amongst consumers and convert users to revenue producing subscribers and the success of the business of our partners. Forward-looking statements involve significant uncertainties, should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, without limitation: those relating to potential disruptions to product delivery; failure to meet regulatory requirements; changes in the market; potential downturns in economic conditions; availability of financing (as necessary); and other risk factors described in our Filing Statement which is available on SEDAR at www.sedar.com. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should exercise caution in relying upon forward-looking statements and OOOOO undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.

Source: OOOOO