XLMedia PLC Departure of CBWG Founders & VP NA Sport Appointed
October 12 2022 - 9:00AM
RNS Non-Regulatory
TIDMXLM
XLMedia PLC
12 October 2022
12 October 2022
XLMedia PLC
("XLMedia" or the "Group" or the "Company")
CBWG founders to leave XLMedia as earn-out period ends
&
VP North American Sport appointed
XLMedia PLC (AIM: XLM) the global digital media company that
manages a portfolio of premium brands with an emphasis on Sports
and Gaming in regulated markets, announces that Kyle Laskowski and
Jason Ziernicki, the CBWG founders, will step down from the
business as they approach the completion of their earn-out
targets.
XLMedia launched its US sports market presence with the
acquisition of CBWG in December 2020. CBWG encompassed the largest
independently-owned US sports betting affiliate network at the time
and served as the platform acquisition for XLMedia in the US sports
betting market. As part of the deal, Laskowski and Ziernicki joined
the business in newly created roles, continuing to support the
acquired business and share their expertise and experience.
Accompanying this change, XLMedia is pleased to announce that
Kevin Duffy, XLMedia's VP of Sports Media and founder of Saturday
Football Inc., another of XLMedia's premium brands, has been
appointed VP of North America Sports, responsible for all North
America sports content.
David King, CEO of XLMedia, commented: "It was important for
Kyle and Jason to join the business and ensure a successful
integration into the XLMedia business and transfer of knowledge. As
entrepreneurs it is understandable that they are looking to move
on, but they leave behind a highly talented team committed to
growing XLMedia's US business. I wish them the very best for the
future."
"As a founder you build a brand not knowing what the future
holds, in our case, it was joining XLMedia," said Laskowski. "We
are very proud about what we and the team were able to build at
XLMedia, while pioneering the North American sports market's media
partnership model. But the time is right for us to move on, and we
feel confident we are leaving the business in good hands."
"The last two years have been both challenging and rewarding as
we've watched the business expand. As two of the Company's larger
shareholders, we wish nothing but success for the Company going
forward," said Ziernicki.
For further information, please contact:
XLMedia plc
David King, Chief Executive Officer ir@xlmedia.com
Caroline Ackroyd, Chief Financial Officer via Vigo Consulting
www.xlmedia.com
Vigo Consulting Tel: 020 7390 0233
Jeremy Garcia / Kendall Hill
www.vigoconsulting.com
Cenkos Securities plc (Nomad and Joint Tel: 020 7397 8900
Broker)
Giles Balleny / Max Gould
www.cenkos.com
Berenberg (Joint Broker) Tel: 020 3207 7800
Mark Whitmore / Richard Andrews / Jack
Botros
www.berenberg.com
About XLMedia:
XLMedia (AIM: XLM) is a leading global digital media company
that creates compelling content for highly engaged audiences and
connects them to relevant advertisers.
The Group manages a portfolio of premium brands with a primary
emphasis on Sports and Gaming in regulated markets. XLMedia brands
are designed to reach passionate people with the right content at
the right time.
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