Engine Media Appoints New Director Lawrence Rutkowski

TORONTO, Jan. 11, 2021 /PRNewswire/ -- Engine Media Holdings, Inc. ("Engine Media" or the "Company" (TSX-V: GAME) (OTCQB: MLLLF) has appointed Lawrence R. Rutkowski to its Board of Directors, effective January 8, 2021. 

Engine Media Holdings Inc. logo (PRNewsfoto/Engine Media Holdings, Inc.)

Concurrently, Engine Media director, Peter Liabotis, has resigned from the Company's Board. 

"We are excited to have Larry join Engine Media's board as an independent director and member of our audit committee," said Tom Rogers, Engine Media's Executive Chairman. "We look forward to relying on his depth of experience in leading private and public companies as we continue our path forward."  Mr. Rogers also offered his "appreciation to outgoing board member, Peter Liabotis, for his dedication, energy and insights in helping to bring Engine Media to where it is today."

About Mr. Rutkowski

Before joining Engine Media, Mr. Rutkowski has had a distinguished career as an executive for a diverse array of companies, including:

  • Petco – Exec. Vice President & Chief Financial Officer
  • Warnaco – Exec. Vice President & Chief Financial Officer
  • Primedia – Exec. Vice President & Chief Financial Officer
  • NBC / General Electric – SVP & CFO, Strategic Business Development
  • Walt Disney Company, - Director/VP Finance, Network Television, Animation; VP/Controller Walt Disney Studios

Mr. Rutkowski received a Bachelor of Arts and Science degree in Education from the University of Michigan and received a Master of Business Administration degree from Michigan State University.

About Engine Media Holdings, Inc.

Engine Media is focused on accelerating new, live, immersive esports and interactive gaming experiences for consumers through its partnerships with traditional and emerging media companies. The company was formed through the combination of Torque Esports Corp., Frankly Inc., and WinView, Inc. and trades publicly under the ticker symbol (TSX-V: GAME) (OTCQB: MLLLF).  Engine Media will generate revenue through a combination of: direct-to-consumer and subscription fees; streaming technology and data SaaS-based offerings; programmatic advertising and sponsorships; as well as intellectual property licensing fees.  To date, the combined companies clients have included more than 1,200 television, print and radio brands including CNN, ESPN, Discovery / Eurosport, Fox, Vice, Newsweek and Cumulus; dozens of gaming and technology companies including EA, Activision, Blizzard, Take2Interactive, Microsoft, Google, Twitch and Ubisoft; and have connectivity into hundreds of millions of homes around the world through their content, distribution and technology.

Cautionary Statement on Forward-Looking Information

This news release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Engine Media to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. 

The forward-looking statements and information in this press release include, but are not limited to, statements with respect to Mr. Rutkowski's tenure on the Company's Board of Directors.  By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Engine Media's actual results, performance or achievements or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include: expectations regarding existing products and plans to develop, implement or adopt new technology or products; expectations regarding the successful integration of recent acquisitions of WinView, Inc. and Frankly Inc.; the expectation of obtaining new customers for the Company's products and services; requirements for additional capital and future financing options; the completion of and our use of the proceeds of the Offering; and, those factors discussed in the Company's continuous disclosure documents filed with the Canadian Securities Administrators, which may be viewed at www.sedar.com.

Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statement prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Engine Media cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. 

Engine Media has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and 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 represents the expectations of Engine Media as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While Engine Media may elect to do so, Engine Media does not undertake to update this information at any particular time except as required in accordance with applicable laws. 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Engine Media Holdings, Inc.

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