San Diego, CA, October 21st, 2024. Live Current Media, Inc (“Live Current” or the “Company”) (OTC: LIVC), a leading company in the Media and Technology space, looks to inform the market of its business developments.
Expiration of LOI with Liquid Media Group
The Company announced on February 13th, 2024 and May 30th, 2024 an LOI to merge with Vancouver based Liquid Media Group (YVR) in an all-stock transaction subject to YVR being able to secure satisfactory financing for the deal. After due diligence, the Company decided to discontinue the process and refrain from closing the transaction.
Strategic Update
The Company, after board review, has fine-tuned its strategy, updating its focus from Business to Consumer to Business to Business. The Kast video streaming watch party solution will be made available white label to business and brands.
Progress in Regulatory Filings
The company has received notice from the SEC regarding the regulatory filings. The company is in communication with the SEC and remains committed to transparency and accountability and is working to submit its 2023 10K filings and subsequent 2024 Q1 10Q, Q2, Q3 filings. This has been in combination with fine tuning of the Company’s strategy and resources exploring new growing opportunities. Upon successfully submitting the filings, Live Current Media will actively pursue reobtaining OTCQB status. Achieving OTCQB status demonstrates the company's commitment to maintaining high standards of corporate governance and financial reporting. This elevated listing tier on the OTC Markets will enhance the company's visibility, credibility, and accessibility to a broader investor base.
About Live Current Media Inc.
At Live Current Media Inc., our integrated suite of services empowers independent creators, influencers, and talent by leveraging cutting-edge technology to grow fandom. We provide an all-in-one resource, uniting innovative businesses, technologies and data. Our platform equips creators with tools for content creation, video streaming, audience amplification, community engagement and analytics. We foster authentic connections, develop fandom, manage branding, unlock sponsorship opportunities and alternative revenue streams. Not only do we support creators, but we also help businesses become more creative in engaging their customers and fans. Our ecosystem focuses on the four pillars of independent creativity: Creation, Amplification, Participation, and Monetization.
On behalf of the board of directors of Live Current Media Inc.
Mark Ollila, CEO & Director
For more information please contact:
mark@livecurrent.com
www.livecurrent.com
All statements in this press release that are not statements of historical fact are forward-looking statements, including any projections of growth, earnings, revenue, cash or other financial items, any statements of the plans, strategies, objectives and goals of management for future operations, any statements regarding future economic conditions or performance, statements of belief and any statements of assumptions underlying any of the foregoing. These statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, general economic conditions particularly as they relate to demand for our products and services; competitive factors; changes in operating expenses; our ability to raise capital as and when we need it and other factors. Live Current Media, Inc. assumes no obligation to update these forward-looking statements to reflect future events or actual outcomes and does not intend to do so.