OOOOO Announces Resignation of CFO and Appointment of New CFO

Vancouver, British Columbia--(Newsfile Corp. - December 15, 2022) - OOOOO Entertainment Commerce Limited (TSXV: OOOO) (OTCQB: OOOOF) ("OOOOO" or the "Company"), a mobile commerce platform, today announced that Ms. Jin Kuang has resigned from her position as Chief Financial Officer of the Company effective December 15, 2022 to pursue other business interests.

The Company has appointed Ms. Mary Ma, CPA, CGA as its new Chief Financial Officer effective December 16, 2022. Ms. Ma has over 20 years of experience in finance and accounting of private, international, and public companies including CFO roles for several Canadian public companies.

Ms. Kuang has agreed to assist in a smooth transition of duties. The Company would like to thank Ms. Kuang for her previous contributions to the Company and wishes her success in her future endeavours.

About OOOOO

Founded by Sam Jones and Eric Zhang, OOOOO operates a technology platform that enables retailers, brands and entrepreneurs to share product-based content directly to consumers through live, interactive, shoppable videos.

For further information please visit www.ooooo.com and contact:

OOOOO Entertainment Commerce Limited

Samuel Jones
Chief Executive Officer / Co-Founder
sam@ooooo.com

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.

Source: OOOOO

Forward-Looking Information

Certain statements in this news release may constitute "forward-looking statements". Forward-looking statements are statements that address or discuss activities, events or developments that OOOOO expects or anticipates may occur in the future. When used in this news release, words such as "estimates", "expects", "plans", "anticipates", "projects", "will", "believes", "intends" "should", "could", "may" and other similar terminology are intended to identify such forward-looking statements. Forward-looking statements reflect the current expectations and beliefs of OOOOO's management. Because forward-looking statements involve known and unknown risks, uncertainties and other factors, actual results, performance or achievements of OOOOO or the industry may be materially different from those implied by such forward-looking statements. Examples of such forward-looking information that may be contained in this news release include statements regarding: growth and future prospects of our or Shiller's business; our perceptions of the industry and markets in which we operate and anticipated trends in such markets; and expectations regarding the operation of our technology platform. Material factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking statements may include, but are not limited to, our ability to execute on our business plan, increase visibility amongst consumers and convert users to revenue producing subscribers, the success of the business of our partners and the general market adoption of our technology. Forward-looking statements involve significant uncertainties, should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, without limitation: those relating to potential disruptions to product delivery; failure to meet regulatory requirements; potential downturns in economic conditions; availability of financing (as necessary); and other risk factors described in our Filing Statement which is available on SEDAR at www.sedar.com. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should exercise caution in relying upon forward-looking statements and OOOOO undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/148218