TIDMNFXT 
 
[image] 
 
N E W S R E L E A S E 
 
Update on Pocket Dimension and Board Changes 
 
Vancouver, British Columbia - May 29, 2023 / Cision / - Looking Glass Labs Ltd. 
("LGL" or the "Company") (NEO: NFTX) (AQSE: NFTX) (OTC: LGSLF) (FRA: H1N), is 
pleased to announce the launch of its next version Pocket Dimension ("Pocket 
Dimension"). LGL's Pocket Dimension metaverse is an online virtual space 
providing their owners and users a virtual space represented by one of eleven 
different environments including Archipelago, Countryside, Dale, Dunes, Fjord, 
Marsh, Savanna, Tundra, Woodland, Zen, and Genesis Moon. Each environment 
represents a unique representation of one of Earth's ecosystems, as described in 
each environment's name. Users of Pocket Dimension interact with other users 
through avatars. On November 1, 2022, LGL launched the alpha version of Pocket 
Dimension, followed by the launch of the beta version on February 21, 2023. The 
Company has followed up on the previous versions and have launched its public 
release version of Pocket Dimension, ("V1.0"). 
 
V1.0 addresses various animation, rendering, collision, and build issues 
reported by users during the alpha and beta versions. The latest version has 
made improvements to ensure smoother gameplay and a more seamless experience. 
For a list of the latest improvements, please refer to the Pocket Dimension 
release notes at the following URL: https://www.houseofkibaa.com/pocketdimension 
 
Change of Director 
 
The Company announces that Patrick O'Flaherty has resigned from its Board of 
Directors. The Board of Directors thanks Mr. O'Flaherty for his service to the 
Company. In his place, LGL announces that Kevin Cornish has been appointed to 
the Board of Directors. 
 
Mr. Cornish is an international public company CFO.  With over 17 years of 
leadership experience in finance, strategy, and operations, he is a well-rounded 
business management leader.  Mr. Cornish has worked on multiple start-ups and 
turn arounds in both Canada and the United States. Mr. Cornish prides himself on 
overcoming unsolved obstacles in numerous industries and markets.  His knowledge 
of international business practices and successful strategy implementation 
paired with his ability to adapt and scale quickly, make him a powerhouse in any 
endeavor. Mr. Cornish holds an MBA from Saint Mary's University in Halifax where 
he also earned his CPA designation. Paired with his HR designation, Mr. Cornish 
is skilled at incorporating many facets of business into his role to maximize 
his overall value to a company. 
 
Mr. Cornish has held not for profit, private and public company board positions 
throughout his career and continues to find opportunities where he can add value 
to companies through their strategic direction and corporate governance. 
 
This announcement contains inside information for the purposes of Article 7 of 
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by 
virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in 
accordance with the Company's obligations under Article 17 of MAR. 
 
The Directors of Looking Glass Labs take responsibility for this announcement. 
 
- Ends - 
 
"Dorian Banks" 
 
Dorian Banks, Chief Executive Officer 
 
For further information, please contact: 
 
Dorian Banks 
 
Toll-Free: +1 833 LGL-NFTX (833-545-6389) 
 
Email: info@lgl.io 
 
Twitter: @LGL_io 
 
Website: https://www.lgl.io/ 
 
Novum Securities Limited, AQSE Corporate Adviser 
 
David Coffman/ George Duxberry 
 
Tel: +44 (0)207 399 9400 
 
ABOUT LOOKING GLASS LABS 
 
Headquartered in Vancouver, British Columbia, Looking Glass Labs ("LGL") 
specializes in consumer engagement applications to leverage immersive metaverse 
environments, play-to-earn tokenization and blockchain monetization strategies. 
Its leading brand, House of Kibaa ("HoK"), designs and curates a next generation 
metaverse for 3D assets, which allows functional art and collectibles to exist 
simultaneously across different NFT blockchain environments. 
 
Forward-Looking Information 
 
This news release contains "forward-looking statements." Statements in this news 
release that are not purely historical are forward-looking statements and 
include any statements regarding beliefs, plans, expectations, or intentions 
regarding the future. Such forward-looking statements include, among other 
things: the continued development of Pocket Dimension, development of immersive 
metaverse environments, play-to-earn tokenization and blockchain monetization 
strategies; pursuing partnerships to monetize blockchain and Web3 opportunities; 
and the near-term projects and future projects. 
 
The material assumptions supporting these forward-looking statements include, 
among others, that: the Company could mitigate the risks associated with the 
blockchain and NFT industry; the ability to compete with other businesses in the 
NFT market; the availability of sufficient funding to carry out the Company's 
business development plans; favourable market conditions; the ability of HoK to 
sell all or substantially all of its product offerings; and the market 
acceptance for its products. 
 
Although management considers these assumptions to be reasonable based on 
information currently available to it, they may prove to be incorrect. These 
forward-looking statements are only predictions and involve known and unknown 
risks, uncertainties and other factors, including: the continued growth and 
adoption of NFT and metaverse offerings by the consumer market; the cost of 
developing and designing NFTs and metaverses is economically viable; the Company 
being able to attract and retain a sufficient workforce with desired skillsets 
to develop the Company's NFT and metaverse offerings; the availability of 
offerings provided by third-parties in the NFT, metaverse development and online 
gaming market to identify potential transactions; the increasing adoption of 
NFTs as a solution for various online gaming, entertainment and collectible 
uses; the Company having the ability to mitigate the risks associated with the 
blockchain and NFT industry; and the ability to compete with other businesses in 
the NFT, metaverse development, content creation and collectibles market. 
 
Although management considers these assumptions to be reasonable based on 
information currently available to it, they may prove to be incorrect. These 
forward-looking statements are only predictions and involve known and unknown 
risks, uncertainties and other factors, including: the risk that the Company's 
offerings are not accepted by the consumer, the risk that other competitors may 
offer similar digital offerings; the risk that there may be negative changes in 
general economic and business conditions; the risk that the Company may have 
negative operating cash flow and not enough capital to complete the development 
of any of its technologies; the risk that the Company may not be able to obtain 
additional financing as necessary; the risk that there may be increases in 
capital and operating costs; the risk that the NFT technology may be subject to 
fraud and other failures; the risk that there may be technological changes and 
developments in the blockchain that make the NFT solutions obsolete; risks 
relating to regulatory changes or actions which may impede the development or 
operation of the blockchain solutions; the risk that other competitors may 
release similar blockchain offerings; the potential future unviability of the 
NFT market in general; the volatile cost of the amount of computational effort 
required to execute specific operations on the blockchain, and other general 
risks involved in the blockchain solutions. 
 
Risks and uncertainties about the Company's business are more fully discussed in 
the Company's disclosure materials, including its reports filed with the 
Canadian securities regulators and which can be obtained from www.sedar.com. 
 
Any of these risks may cause the Company's actual results, levels of activity, 
performance or achievements to be materially different from any future results, 
levels of activity, performance or achievements expressed or implied by these 
forward-looking statements. Further, although the Company has attempted to 
identify factors that could cause actual results, levels of activity, 
performance or achievements to differ materially from those described in forward 
-looking statements, there may be other factors that cause results, levels of 
activity, performance or achievements not to be as anticipated, estimated or 
intended. These forward-looking statements are made as of the date of this news 
release, and the Company assumes no obligation to update the forward-looking 
statements, or to update the reasons why actual results could differ from those 
projected in the forward-looking statements, except as required by applicable 
law, including the securities laws of the United States and Canada. Although the 
Company believes that any beliefs, plans, expectations and intentions contained 
in this news release are reasonable, there can be no assurance that any such 
beliefs, plans, expectations or intentions will prove to be accurate. The 
Company does not assume any liability for disclosure relating to any other 
company mentioned herein. 
 
SOURCE: LOOKING GLASS LABS LTD. 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END

(END) Dow Jones Newswires

June 06, 2023 02:00 ET (06:00 GMT)