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Q1 FY 2022 Income of $577,689, Development of $567,807 over Prior 12 months Q1

Money Place of $3.57M + Extra $451K
in Receivables

VANCOUVER, British Columbia, April 22, 2022 (GLOBE NEWSWIRE) — Liquid Media Group Ltd. (the “Firm,” “Liquid Media” or “Liquid”) (NASDAQ: YVR), a enterprise options firm empowering impartial producers and content material creators from inception by way of monetization, at this time reported monetary outcomes for its first quarter of fiscal 12 months (FY) 2022, ended February 28, 2022. All quantities are said in US {dollars} until in any other case indicated.

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Highlights:

  • Gross sales for the primary quarter of FY 2022 had been $577,689, up $567,807 from the comparable quarter of FY 2021.
  • Gross revenue for the primary quarter was $39,276, an enchancment of $167,228 from the 2021 first-quarter gross revenue (loss) of ($127,981).
  • Will increase in gross sales and first-quarter gross revenue resulted primarily from the acquisitions of iNDIEFLIX Group Inc. (“iNDIEFLIX”) on September 21, 2021 and iGEMStv, Inc. (“iGEMStv”) on December 14, 2021, respectively. Operations and outcomes for iNDIEFLIX and iGEMStv had been included in Liquid Media’s consolidated monetary outcomes from their respective deadlines.
  • Internet loss for the primary quarter was ($870,720) or ($0.05) per share in comparison with a lack of ($1,518,143) or ($0.14) per share for the comparable quarter of FY 2021.
  • Liquid had money of $3,574,605 and $450,775 in receivables as of February 28, 2022.

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“Liquid is thrilled by the numerous income progress now we have achieved by way of our acquisition technique, which continues to extend the worth that our four-stage, inception-to-monetization resolution engine is providing for impartial creators,” mentioned Ron Thomson, CEO of Liquid Media. “We see this constructive progress persevering with to construct within the 12 months forward, as Digital Cinema United and others be a part of the group, driving additional momentum.”

Current company highlights that contributed to Liquid’s robust income efficiency within the fiscal first quarter and/or have been catalysts for the Firm’s progress embrace:

  • On February 11, 2022, Liquid announced the signing of a definitive settlement to accumulate DCU, which supplies content material provide chain expertise and companies supporting impartial IP house owners, producers, gross sales brokers, different content material distributors, downstream media platforms and studios. The DCU acquisition was subsequently completed on March 7, 2022.
  • On January 21, 2022, Liquid announced the primary on-line public entry to the iNDIEFLIX documentary movie “Angst,” which raises consciousness and opens up the dialog round anxiousness. It was beforehand proven solely in group screenings to profit over two million individuals worldwide. Streaming was hosted completely on the blockchain through Eluvio and it integrated an NFT assortment for social good.
  • On January 5, 2022, Liquid launched its blockchain framework in the course of the 2022 Sundance Movie Pageant, the biggest and most prestigious annual impartial movie competition in the USA. This included an iNDIEFLIX movie streaming of “Angst,” hosted on the Eluvio Content material Material with related group NFTs.
  • On December 7, 2021, Liquid introduced the Firm’s skilled blockchain method in growth with Eluvio. The framework is designed to allow the advantages of blockchain, together with owner-controlled distribution and monetization alternatives, for impartial creators. It additionally leverages tokenization and NFTs as value-adds for filmmakers throughout the content material lifecycle.

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“Liquid’s continued progress and income progress is starting to point out buyers what our progressive enterprise engine, strategic partnerships and growth-by-acquisition technique are able to representing by way of elevated shareholder worth,” mentioned Thomson. “We consider the worldwide leisure trade will proceed to acknowledge the substantial advantages we create for independents, which generates a considerable alternative to inject additional worth for the Firm and its shareholders. Liquid appears ahead to constructing on these successes as we transfer ahead in demonstrating longevity in our method to the trade and investor group.”

This earnings launch and monetary info for the quarter ended February 28, 2022 must be learn along side the Firm’s Interim Consolidated Monetary Statements and accompanying Administration’s Dialogue and Evaluation doc, which can be filed on SEDAR and EDGAR.

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About Liquid Media Group Ltd.

Liquid Media Group Ltd. (Nasdaq: YVR) is a enterprise options firm empowering impartial IP creators. Liquid’s end-to-end resolution will allow skilled video (movie/TV and streaming) creation, packaging, financing, supply, and monetization, empowering IP creators to take their skilled content material from inception by way of your entire course of to monetization.

Liquid’s blockchain framework, developed with Eluvio, allows impartial producers and content material creators to leverage blockchain expertise and NFTs to succeed in new audiences, obtain lower-cost, decentralized distribution, promote merchandise and different particular entry experiences, and broadcast on to international audiences on their very own phrases.

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Extra info is on the market at www.LiquidMediaGroup.co.

Additional info:

Primoris Group Inc.
+1 (416) 489-0092
pg@liquidmediagroup.co

Media requests:

Investor / Enterprise
Adam Bello
Media & Analyst Relations Supervisor
Primoris Group Inc.
+1 (416) 489-0092 x 226
media@primorisgroup.com

Business
Jane Owen
Jane Owen PR
+1 (323) 819-1122
jane@janeowenpr.com

Cautionary Be aware Relating to Ahead-Trying Statements

This information launch consists of statements containing sure “forward-looking info” throughout the which means of relevant securities legislation (“forward-looking statements”). Ahead-looking statements are sometimes recognized by phrases resembling: “consider”, “anticipate”, “anticipate”, “intend”, “estimate”, “doubtlessly” and comparable expressions, or are these, which, by their nature, check with future occasions, together with however not restricted to statements such that Liquid will be capable of ship its end-to-end resolution to IP creators and to allow impartial producers and content material creators to leverage blockchain expertise and NFTs to succeed in new audiences, obtain lower-cost, decentralized distribution, promote merchandise and different particular entry experiences, and broadcast on to international audiences. These statements shouldn’t be learn as ensures of future efficiency or outcomes. These statements shouldn’t be learn as ensures of future efficiency or outcomes. Such statements contain recognized and unknown dangers, uncertainties and different components that will trigger precise outcomes, efficiency or achievements to be materially completely different from these implied by such statements. Such components embrace, however should not restricted to: developments associated to the COVID-19 pandemic, regulatory actions, market costs, continued availability of capital and financing, and common financial, market or enterprise situations, in addition to extra dangers disclosed within the Firm’s annual and quarterly monetary experiences out there at www.sedar.com and annual report on Kind 20-F in addition to different experiences filed with the SEC at www.sec.gov. Buyers are cautioned that any such statements should not ensures of future efficiency and precise outcomes or developments might differ materially from these projected within the forward-looking statements. Ahead-looking statements are primarily based on the beliefs, estimates and opinions of the Firm’s administration on the date the statements are made. The Firm is below no obligation, and expressly disclaims any intention or obligation, to replace or revise any forward-looking statements, whether or not because of new info, future occasions or in any other case, besides as expressly required by relevant legislation.

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