(TheNewswire)
News Release
Mr. Ostrenko to Chair the Company'scompensation committee and join the audit committee
Waterloo, Ontario - TheNewswire - November 23, 2020, SponsorsOne Inc., (CSE:SPO) (Frankfurt: 5SO), (OTC:SPONF) A companythat utilizes its proprietary platform that combines digitalmarketing, wholesale and retail distribution, branding and operational& funding capital, giving it a competitive first mover advantagein rapidly building, launching and selling proprietary brands focusedin the craft Alcohol, Functional Beverage and Cannabis Sectors, todayannounced that it has added Wit Ostrenko to itsBoard of Directors as an Independent director. In addition to hisregular board duties, Mr. Ostrenko will be chairman of the Company'scompensation committee and a member of the audit committee.
From 1990 to 2014 Mr. Ostrenko served as President andCEO of the MOSI Science Center in Tampa, Florida, and was responsiblefor board development, strategic planning and fundraising. During histenure, Mr. Ostrenko oversaw $120 million USD in capital raises andgrew MOSI to 73 acres, 318,000 square feet of facilities including isprimary science center, IMAX theater, charter school, NASA sponsoredlunar colony and children's science center. Mr. Ostrenko guided thedevelopment of MOSI to the 6th largest Science Center in the UnitedStates. Mr. Ostrenko also served at the President of theInternational Association of Science and Technology Center("ASTC") serving over 500 institutions in nearly 50countries. In his role as ASTC President, Mr. Ostrenko traveledworldwide in support of ASTC member institutions and their criticalrole in supporting education in science and technology.
Mr. Ostrenko said: "I am excited to join theSponsorOne team to see, firsthand, how the Company continues toleverage technology to disrupt traditional methods of marketing,distribution and brand building. To put online tools into the hands ofindividuals and compensate them to support their favorite brands, isan amazing and unique approach in these uncertain times.
Myles Bartholomew, CEO of SponsorsOne, added:"Wit's lifelong work with high net worth individuals andgovernment entities to strategically plan to support education inscience and technology, brings a very unique set of skills andperspective to our board of directors".
Additionally, the Board of SponsorsOne and themanagement team wishes to thank Mr. Stephen Barley for over 5 years ofservice as an independent director and has formally accepted hisresignation.
About SponsorsOne Inc.
SponsorsOne is the leader in the next evolution ofdigital marketing through influencer marketing, storytelling, anddigital-commerce with the SponsorCoin platform and its highly scalable- smart contract-based digital-currency. Combined, this allows brandsto build and manage exclusive and highly engaged communities ofinfluencers (from pro to micro- influencers)within the social realm. The SponsorCoin platform provides fordata-driven marketing campaigns that will change the way brandsconnect with their customers. SponsorCoin is a tool for brands toinspire real movements around their products and services in whichtheir most valuable customers become their best salespeople, producingfar higher ROI than current social media advertising methods.SponsorsOne, through its wholly-owned subsidiary, SponsorsOne MediaInc., provides full creative and Brand building/management services toall our Brands as well as manages the influencer communities for eachBrand. If the Brand wants to get big - fast, our wholly-ownedsubsidiary S1 Brands Inc., will build a wholesale/retail distributionchannel for the Brand acting as a master distributor. S1 Brandsprovides sales and marketing on behalf of the Brand to its vastnetwork of national wholesalers and retailers and provides purchaseorder financing to assist the Brand in fulfilling every order. Ownership of the Brand combined with distribution, digital marketinginnovation, and capital is the winning formula to build the nextbillion-dollar brand. To learn more, please visit www.sponsorsone.com
Contact: info@sponsorsone.com
ON BEHALF OF THE BOARD
Gary Bartholomew, Executive Chairman
The Canadian Securities Exchange ("CSE") hasneither approved nor disapproved the contents of this PressRelease.
Forward-Looking Statements
This news release contains forward-looking statementsand information that are based on the beliefs of management andreflect the Company's current expectations. When used in this newsrelease, the words "estimate", "project","belief", "anticipate", "intend","expect", "plan", "predict","may" or "should" and the negative of these wordsor such variations thereon or comparable terminology, are intended toidentify forward-looking statements and information. Such statementsand information reflect the current view of the Company with respectto risks and uncertainties that may cause actual results to differmaterially from those contemplated in those forward-looking statementsand information. By their nature, forward-looking statements involveknown and unknown risks, uncertainties and other factors which maycause actual results, performance or achievements, or other futureevents, to be materially different from any future results,performance or achievements expressed or implied by suchforward-looking statements. Such factors include, among others, thefollowing risks:
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?? risks associated with marketingand sale of securities
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?? the need for additionalfinancing requirements and access to capital, reliance on keypersonnel
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?? the potential for conflicts ofinterest among certain officers or directors with certain otherprojects
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?? the volatility of the volumeand price of the Common Shares, the failure of the business strategy,the integrity of the Company's patents and proprietary intellectualproperty and competition.
The Company cautions that the foregoing list of riskfactors is not exhaustive and is subject to change and there can be noassurance that such assumptions will reflect the actual outcome of such items or factors. When relying on theCompany's forward-looking statements and information to makedecisions, investors and others should carefully consider theforegoing factors, and other uncertainties and potential events,including the risk factors, set out in the Company's ListingStatement. The Company has assumed a certain progression, which maynot be realized. It has also assumed that the material factorsreferred to above will not cause such forward-looking statements andinformation to differ materially from actual results or events.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWSRELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OFTHIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCHDATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKINGINFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHERDATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATETHIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED INACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.
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