VANCOUVER, BC, May 17, 2023
/CNW/ - Network Media Group Inc. (TSXV: NTE) (OTC: NETWF)
("Network" or "the Company") today announced the retirement of
Board Member Steven Kotlowitz.
Mr. Kotlowitz has served as a Board Member of Network Media
Group since 2012. Network's entire board and management team are
grateful for his many contributions and wish him a happy
transition.
"Throughout his tenure, Steven has been a major supporter of
Network's vision of building a global content company and
establishing our brand in the worldwide marketplace," said
Derik Murray, Founder and CEO of
Network Entertainment. "As a former senior executive in both
entertainment and sports, his guidance has been instrumental from
the beginning, as we forged our vision and navigated the
complexities of a competitive landscape. Although he is stepping
back from his day-to-day duties on our board, Steven will remain a
valuable mentor and adviser to the Company. We wish him the very
best as he enjoys a well-deserved retirement."
Mr. Kotlowitz's sterling pedigree in sports was a tremendous
asset to the Company in its early productions, and his deep
experience throughout all aspects of the entertainment industry was
evident during the course of his Network tenure, manifesting in his
duties as an executive producer on 12 of the films in Network's
acclaimed I AM franchise of feature documentaries
on the world's most celebrated icons.
Mr. Kotlowitz shared, "I am proud of my time and contribution to
Network, which began with the mission of supporting Derik Murray's and Paul
Gertz's vision and transformed into proudly observing their
progress and success in the entertainment business that has been my
passion for over 40 years. I will miss working with the entire
board, whom I consider to be visionaries in their respective
fields, and I look forward to assisting in the future as needed to
the benefit of all shareholders."
Network's COO Paul Gertz stated,
"From the arenas of sports and entertainment at the highest levels,
Steven has enjoyed an illustrious career that is not only filled
with major achievements but was accomplished with fierce integrity,
consistent fairness, and unbridled creativity that has inspired all
of us. We sincerely wish Steven and his loving family all the best
in his next chapter."
Network has not yet appointed a successor for Mr. Kotlowitz and
will conduct a comprehensive search of internal and external
candidates over the coming months.
About Network Media Group / Network
Entertainment
Network Media Group is the parent company
of Network Entertainment Inc.
Network Entertainment is a
creatively driven, boutique film, television, and digital content
production company that creates, finances, and produces
award-winning programming for television, digital platforms and
movie audiences around the world.
The Network premium brand of content delivers world-class casts
and features visually cinematic, richly crafted storytelling. The
Company's productions are consistently embraced by both audiences
and critics alike, garnering awards, record ratings and
unparalleled media coverage for Network and its partners. Newly
formed Network NFT Studios collaborates with IP owners, artists,
and top talent to create, distribute, and monetize NFT campaigns
and related initiatives in the digital universe
(networknft.ca).
For additional information on Network Entertainment Inc., visit
www.networkentertainment.ca
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Statement on Forward-looking
Information
Except for historical information
contained herein, this news release contains forward-looking
statements that involve risks and uncertainties. These statements
are necessarily based upon management's perceptions, beliefs,
assumptions, and expectations, as well as a number of specific
factors and assumptions that, while considered reasonable by
management of the Company as of the date of such statements are
inherently subject to significant uncertainties and contingencies
that could result in the forward-looking information ultimately,
perhaps materially, being incorrect. All forward-looking
information in this news release involves known and unknown risks,
uncertainties, and other factors that are beyond the control of the
Company and may cause the actual results, performance, or
achievements of the Company to be materially different from those
expressed or implied by such forward-looking information. Except as
required pursuant to applicable securities laws, the Company will
not update these forward-looking statements to reflect events or
circumstances after the date hereof.
SOURCE Network Media Group Inc.