TORONTO, Nov. 4, 2024
/CNW/ - OverActive Media (TSXV: OAM) (OTC: OAMCF)
("OverActive" or the "Company"), a premier global esports and
entertainment company for today's generation of fans, is
pleased to announce that its esports club, Movistar KOI, has
entered into a strategic sponsorship agreement with Ecoembes, a
leading organization in circular economy and packaging recycling.
This partnership positions Movistar KOI at the forefront of
sustainability efforts in European esports, reinforcing OverActive
Media's commitment to environmental responsibility and sustainable
growth.
Key Highlights:
- Strategic Sponsorship: Ecoembes becomes Movistar KOI's
official sustainability sponsor for 2024 and 2025.
- Focused Sustainability Initiatives: Movistar KOI will
drive recycling awareness, packaging recovery, and circular economy
principles within the esports community.
- Carbon Neutrality Goal: Movistar KOI is committed to
reducing its carbon footprint, aligning with global sustainability
objectives.
- Global Footprint: Movistar KOI has joined the United
Nations Sports for Climate Action Framework (UNSCAF), reinforcing
its commitment to the 2030 Agenda for sustainable development.
The initiative, titled "The Circular Game," unites
Ecoembes and Movistar KOI in implementing a robust sustainability
plan that addresses environmental education in esports. Together,
we aim to significantly reduce the environmental impact of esports
activities and lead the way toward carbon neutrality.
"Bringing circular economy principles to the esports world
allows us to connect with a new generation committed to
sustainability," said Nieves Rey,
Communications and Marketing Director at Ecoembes. "'The Circular
Game' exemplifies our mission to make every action contribute to
the vital goal of protecting our planet."
"This partnership sets a new standard in esports environmental
responsibility," said Carlos García Acevedo, CCO, OverActive Media.
"Together, we will take meaningful steps to reduce our carbon
footprint, and we're eager to engage our fans in this
movement."
In partnership with Ecoembes, OverActive Media and Movistar KOI
are dedicated to responsible growth and environmental
sustainability. We recognize our role in preserving the planet and
are striving to set a new standard in the esports industry. We
invite others to join us on this essential journey towards a more
sustainable tomorrow.
ABOUT OVERACTIVE MEDIA
OverActive Media (TSXV: OAM) (OTC: OAMCF) is a Toronto-based global esports and entertainment
company with operations in Madrid,
Spain, and Berlin, Germany.
With a focus on esports, video games, content creation, and live
and online events, OverActive is building an integrated global
company to serve today's generation of fans. The company owns and
operates leading esports franchises, including the Toronto Ultra,
MAD Lions KOI, Movistar KOI, and Toronto Defiant, among others.
ABOUT ECOEMBES
Since 1997, Ecoembes has promoted recycling of household
packaging across Spain, helping
create a waste-free future through reduction, reuse, and recycling
efforts. In 2023 alone, Ecoembes recycled nearly 1.7 million tons
of packaging. As a non-profit, Ecoembes works with over 19,000
companies to meet regulatory standards and expand recycling
initiatives throughout Spain.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMAITON
This press release contains statements which constitute
"forward-looking statements" and "forward-looking information"
within the meaning of applicable securities laws (collectively,
"forward-looking statements"), including statements regarding the
plans, intentions, beliefs and current expectations of OverActive
with respect to its partnership with Ecoembes and the anticipated
benefits of that partnership as well as future business activities
and operating performance. Forward-looking statements are often
identified by the words "may", "would", "could", "should", "will",
"intend", "plan", "anticipate", "believe", "estimate", "expect" or
similar expressions and includes information regarding the
anticipated financial and operating results of OverActive in the
future.
Investors are cautioned that forward-looking statements are not
based on historical facts but instead OverActive management's
expectations, estimates or projections concerning future results or
events based on the opinions, assumptions and estimates of
management considered reasonable at the date the statements are
made. Although OverActive believes that the expectations reflected
in such forward-looking statements are reasonable, such statements
involve risks and uncertainties, and undue reliance should not be
placed thereon, as unknown or unpredictable factors could have
material adverse effects on future results, performance or
achievements of the OverActive. Among the key factors that could
cause actual results to differ materially from those projected in
the forward-looking statements include the following: the potential
impact of OverActive's qualifying transaction on relationships,
including with regulatory bodies, employees, suppliers, customers
and competitors; changes in general economic, business and
political conditions, including changes in the financial markets;
changes in applicable laws and regulations both locally and in
foreign jurisdictions; compliance with extensive government
regulation; the risks and uncertainties associated with foreign
markets; the ability of the Company to continue to execute on its
existing partnerships and business strategy; the ability of the MAD
Lions and Call of Duty Leagues to maintain viewership; the
successful completion of the Company's new venue; and other risk
factors set out in OverActive's most recent annual information form
and its other filings with Canadian securities regulators, copies
of which may be found under OverActive's profile at
www.sedarplus.ca. These forward-looking statements may be affected
by risks and uncertainties in the business of OverActive and
general market conditions9.
Should one or more of these risks or uncertainties materialize,
or should assumptions underlying the forward-looking statements
prove incorrect, actual results may vary materially from those
described herein as intended, planned, anticipated, believed,
estimated or expected. Although OverActive has attempted to
identify important risks, uncertainties and factors which could
cause actual results to differ materially, there may be others that
cause results not to be as anticipated, estimated or intended and
such changes could be material. OverActive does not intend and do
not assume any obligation, to update the forward-looking statements
except as otherwise required by applicable law.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
SOURCE Overactive Media Corp.