RCS - XLMedia PLC - Departure of CBWG Founders & VP NA Sport Appointed

XLMediaAnnouncement

12/10/2022 14:00

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RNS Number : 6500C  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 (mailto:ir@xlmedia.com)

 Caroline Ackroyd, Chief Financial Officer                 via Vigo Consulting

 www.xlmedia.com (http://www.xlmedia.com/)

 Vigo Consulting                                           Tel: 020 7390 0233

 Jeremy Garcia / Kendall Hill

 www.vigoconsulting.com (http://www.vigoconsulting.com/)

 Cenkos Securities plc (Nomad and Joint Broker)            Tel: 020 7397 8900

 Giles Balleny / Max Gould

 www.cenkos.com (http://www.cenkos.com/)

 Berenberg (Joint Broker)                                  Tel: 020 3207 7800

 Mark Whitmore / Richard Andrews / Jack Botros

 www.berenberg.com (http://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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