Liquid Media resolves impervious disputes


VANCOUVER, British Columbia, October 22, 2021 (GLOBE NEWSWIRE) – Liquid Media Group Ltd. (the “Company”, “Liquid Media” or “Liquid”) (Nasdaq: YVR), through its wholly owned subsidiary Liquid Media Group (Canada) Ltd., has entered into a definitive settlement agreement (the “Agreement”) with three shareholders (the “Shareholders”) of Waterproof Studios Inc. (“Waterproof”) putting an end to the dispute between them regarding Liquid’s interest in Waterproof (the “Claim”). Pursuant to the Agreement, Liquid agreed to transfer its interest in Waterproof to shareholders or for the benefit of shareholders in return for a cash payment of $ 825,000 to Liquid, and the shareholders agreed to dismiss the claim without costs. The Agreement also includes the usual mutual releases.

About Liquid Media Group Ltd.

Liquid Media Group Ltd. (Nasdaq: YVR) is a business solutions company that empowers independent intellectual property creators. Liquid’s end-to-end solution will enable the creation, packaging, funding, delivery and monetization of professional videos (film / television and video games), enabling IP creators to take their professional content from creation. through the whole process up to monetization.

Further information is available at www.LiquidMediaGroup.co.

More information :

Primoris Group Inc.
+1 (416) 489-0092
[email protected]

Media inquiries:

Investor / Company
Adam bello
Media Relations and Analyst Manager
Primoris Group Inc.
+1 (416) 489-0092 ext 226
[email protected]

Industry
Jane owen
Jane Owen RP
+1 (323) 819-1122
[email protected]

Caution Regarding Forward-Looking Statements

This press release includes statements containing certain “forward-looking information” within the meaning of applicable securities laws (“forward-looking statements”). Forward-looking statements are generally identified by words such as: “believe”, “expect”, “anticipate”, “intend”, “estimate”, “potentially” and similar expressions, or are those which , by their nature, refer to future events. These statements should not be interpreted as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those implied by such statements. These factors include, but are not limited to: developments related to the COVID-19 pandemic, regulatory measures, market prices, continued availability of capital and financing, and general economic, market conditions or business, as well as additional risks disclosed in the annual and quarterly financial reports available at www.sedar.com. Investors are cautioned that these statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the management of the Company on the date the statements are made. The Company has no obligation and expressly disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. .


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