Motor Media Studies 1st Quarter Fiscal 2021 Financial Results

George T. Taft

(all quantities are expressed in U.S. dollars, unless normally said)

– 1st Quarter Revenues of $7.5 Million

– Quarterly Yr in excess of Calendar year Revenue Growth Charge 824%

– Quarterly Profits Exit Run Charge of $30+ Million

– Completes Non-brokered Non-public Placement Device Presenting for $17.8 Million

– Settled $10.7 in Convertible Credit card debt

TORONTO, Feb. 1, 2021 /PRNewswire/ — Engine Media Holdings, Inc. (“Engine” or the “Company” TSX-V: Recreation OTCQB: MLLLF), introduced results for the very first quarter fiscal 2021 ended November 30, 2020.

Lou Schwartz, Main Govt Officer, stated, “Engine begun fiscal 2021 with ongoing momentum across all strains of business enterprise. Our initiatives to accelerate are off to a strong get started in fiscal 2021. Furthermore, our new acquisitions have manufactured important contributions, which are reflected in the to start with quarter, the place revenues ended up up 824% on a 12 months-over-yr basis, and 6%, sequentially, to $7.5 million.”

“Net decline from continuing functions for the initially quarter of 2021 was $4.4 million in comparison to $6. million in the same year ago time period. The improvement in web loss was principally due to a lessen in non-funds functioning costs of $4. million, primarily driven by the gain on improve in truthful benefit of warrant liability in the fiscal 2021 interval of $4.8 million compared to decline of $1.6 million in the exact same 12 months back period of time.”

“We keep on being focused on increasing our enterprise-to-business application and company revenues, establishing our direct to customer advancement initiatives, strengthening our corporation and stability sheet, and driving increased expense effectiveness all through the procedure. Presented the increasing need to have for the sports activities media market to develop direct to consumer costs to offset the drop of cable and satellite revenues, and the have to have for the esports sector to produce direct to purchaser charges to diversify past sponsorship revenues, we believe that the methods Engine offers will turn out to be progressively far more meaningful to both equally media sectors. Additionally, we proceed to proudly catch the attention of some of the largest and most revered companies in the world to our slicing edge details analytics organization, Stream Hatchet, and our cellular gaming studio, Eden Games. Nowadays, Engine serves 3 (3) of the leading seven (7) most worthwhile tech providers in the entire world.”

Financials are obtainable on Sedar.

About Engine Media Holdings, Inc.

Motor Media is centered on accelerating new, reside, immersive esports and interactive gaming encounters for customers as a result of its partnerships with standard and emerging media businesses. The company was fashioned as a result of the mix of Torque Esports Corp., Frankly Inc., and WinView, Inc. and trades publicly underneath the ticker image (TSX-V: Recreation) (OTCQB: MLLLF). Engine Media will deliver earnings by means of a mix of: immediate-to-buyer and subscription fees streaming know-how and data SaaS-centered choices programmatic marketing and sponsorships as nicely as mental residence licensing fees. To day, the blended corporations have served consumers comprising much more than 1,200 tv, print and radio models such as CNN, ESPN, Discovery / Eurosport, Fox, Vice, Newsweek and Cumulus dozens of gaming and technological innovation businesses which include EA, Activision, Blizzard, Consider2Interactive, Microsoft, Google, Twitch and Ubisoft and have connectivity into hundreds of thousands and thousands of homes all-around the globe via their content, distribution and know-how.

Cautionary Statement on Forward-Searching Info

This information launch consists of forward-hunting statements. Forward-on the lookout statements entail acknowledged and unidentified risks, uncertainties and other variables which may perhaps cause the real benefits, effectiveness or achievements of Motor to be materially diverse from any upcoming final results, overall performance or achievements expressed or implied by the forward-wanting statements. Usually, but not usually, ahead-seeking statements can be discovered by the use of words these as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these kinds of terms and phrases or condition that selected actions, events or effects “may”, “could”, “would”, “might” or “will” be taken, come about or be obtained. In regard of the forward-on the lookout information contained herein, Motor has supplied these statements and information in reliance on particular assumptions that administration thought to be affordable at the time, which include assumptions as to acquiring necessary regulatory approvals. Forward-on the lookout info includes identified and unfamiliar challenges, uncertainties and other components which may induce the true outcomes, efficiency or achievements stated herein to be materially distinct from any long run effects, overall performance or achievements expressed or implied by the ahead-hunting facts. Genuine success could vary materially from all those at this time predicted owing to a selection of variables and dangers. Accordingly, viewers ought to not place undue reliance on forward-wanting facts contained in this information release.

The ahead-looking statements contained in this information launch are created as of the day of this release and, appropriately, are subject to alter just after this kind of date. Motor does not presume any obligation to update or revise any forward-seeking statements, no matter if created or oral, that could be made from time to time by us or on our behalf, except as expected by relevant legislation.

Neither the TSX Undertaking Exchange nor its Regulation Solutions Provider (as that term is outlined in insurance policies of the TSX Venture Trade) accepts duty for the adequacy or precision of this release.

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Resource Engine Media Holdings, Inc.

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