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OOOOO Secures 20,000 Square-Foot Content Studio to Power Virtual Mall of the Future

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VANCOUVER, British Columbia, Oct. 18, 2021 (GLOBE NEWSWIRE) -- OOOOO Entertainment Commerce Limited (“OOOOO” or the “Company”) (OOOO: TSXV), a mobile video commerce platform, is pleased to announce that it has signed a ten year lease for a 20,000 square foot commercial space in Manchester, United Kingdom to act as a video content studio and training centre for clients in the UK.

The new flagship studio is located in Manchester’s famous industrial zone, Trafford Park, and is a key part of the Company’s strategic initiative to provide retailers, brands, entrepreneurs, and creators with world-class production facilities to create video content that is shoppable on the OOOOO app and other mediums including TikTok, with whom we are collaborating.

The new studio has multiple infinity coves and over thirty production themed sets, including a gym, bar, kitchen, bathroom and even a plane. The studio also offers dedicated space for top clients, customized for their brand and ready-to-make content whenever they wish. In addition to production space, the new facility will act as a centre of excellence to train presenters and clients in the fast growth area of video commerce.

Sam Jones, Co-Founder and Chief Executive Officer of OOOOO commented: "In the last 12 months, whilst helping retailers launch live content on our app, we have learned that many companies are not fully equipped to embrace live commerce as they would like. Compared to China, in the UK there is generally a talent and infrastructure gap for brands and retailers in what is required to make outstanding video content that leads to sales. In order that we become a one stop shop for clients, we need to offer much more than a live commerce app. We must also provide studio space, video technology, and training programs for presenters and creative leaders.”

Mr. Jones continued, “Creating content and training clients under a single roof enables us to get to scale. This is what has happened in China with studio hubs having been created to allow enormous levels of content output. I believe we can make over 100 shows per day in this space. With so many shows, we are working to become a modern version of a mall, replacing stores with videos. Our intention is to replicate this studio model in other markets that we enter.”

About OOOOO Entertainment Commerce
OOOOO Entertainment Commerce operates a technology platform that enables retailers, brands and entrepreneurs to share product-based opinions directly to consumers through live, interactive, shoppable videos. The platform also offers gamification and social features which reward the community for helping to grow the user base, reducing the need for traditional ad networks.
The Company was founded in 2020 by Sam Jones and Eric Zhang and have offices and studios in the UK and China.
Interactive video commerce continues to explode as a mega-trend in China, estimated to reach $305 billion this year according to Forbes. OOOOO are focused on delivering a technology platform and app to enable brands, retailers and entrepreneurs to embrace the fast growing live stream economy with its unique interactive video commerce application available for iOS and Andoid. Having launched in November 2020, the OOOOO platform has seen over +360,000 installs to date and successfully onboarded leading brands across the fashion, sport, beauty and wellness industries.

For further information please contact:
OOOOO Entertainment Commerce Limited

Sam Jones
Chief Executive Officer

Investor Relations

604.265.0771

416.842.9003

sam@ooooo.com

investors@ooooo.com

NEITHER 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.

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 business; our perceptions of the industry and markets in which we operate and anticipated trends in such markets; expectations regarding the operation of our app; and our future revenues. 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 and the success of the business of our partners. 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; changes in the market; 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.


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