VANCOUVER, BRITISH COLUMBIA / ACCESSWIRE / May 6, 2014 / Gener8 Media Corp. (CSE: GNR) ("Gener8" or the "Company"), a leader in 3D film conversion and data management software solutions for the entertainment industry, is pleased to announce it has been recognized by DigiBC (the Digital Media and Wireless Association of BC) as one of the top 25 most innovative technology companies in British Columbia. The Top 25 will be showcased at the first annual NextBC event, held on May 15, 2014 at the TELUS World of Science in Vancouver.
"Ever since Gener8 was founded, the company has been chosen by some of the largest studios in Hollywood because of our game-changing 3D film conversion technology and process. Most recently, these accolades have been extended to our latest technology offerings: Cumul8, a cloud-based data management and analytics solution and Reelhouse, an online entertainment distribution service," said Rory Armes, founder and CEO of Gener8. "We are thrilled to be recognized in our own backyard for our breakthrough technology, and especially to be in the company of other great finalists. This is especially gratifying as a native BC boy with strong roots in this province and a philosophy that BC can rival Silicon Valley and develop the best technology in the world."
Gener8's unique conversion technology solution has earned the company a top-tier client roster that includes some of Hollywood's biggest studios: Warner Bros. Entertainment, 20th Century Fox, Columbia Pictures Industries, Legendary Entertainment, Marvel Studios, Sony Pictures Entertainment and more. The Company's most recent project, 300: Rise of an Empire, has earned accolades for its stunning 3D. Gener8, which currently has 220 staff, is located in the south Main Street area in the center of a new booming tech enclave.
The Company also announced today that it has granted incentive stock options to directors, consultants and employees of Gener8 to purchase up to an aggregate of 205,000 common shares of the Company. The options are exercisable on or before May 6, 2024 at an exercise price of $1.01 per share.
NextBC showcases the most innovative, game-changing technology produced by BC companies shaping our future and changing the way we do business. Bringing together industry peers, leaders, media and supporters, this event honors the visionaries that are leading BC's tech community into the future. This year's event will include innovative companies from many sectors of BC's tech ecosystem. The Top 25 companies will showcase their technologies, and the companies with the most outstanding technology innovation will be presented with gold, silver, bronze and audience choice awards.
Gener8 Media Corp. is a media technology company led by a team of gaming industry veterans. At the forefront of postproduction, the Company earned its stripes by developing a proprietary 3D conversion technology, garnering high-profile credits including "300: Rise of a Empire," "The Amazing Spider-Man," "Prometheus" and "Harry Potter." Gener8 has since expanded into offering visual effects services and a cloud-based data management and analytics solution called Cumul8. With its focus on developing disruptive solutions that combine design and technology, Gener8 funded and then acquired a majority interest in Reelhouse Media Ltd., an online entertainment distribution start-up. Gener8's head office is located in Vancouver, British Columbia and currently has over 200 employees. Visit the company website at www.gener8.com.
ON BEHALF OF THE BOARD OF THE COMPANY
Chief Executive Officer and Director
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Vice President of Corporate Affairs
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Forward Looking Statements
Except for statements of historical fact, this news release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" occur. In particular, forward-looking statements in this press release. Although Gener8 believes that the expectations reflected in the forward-looking statements are reasonable; there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, risks with respect to: meeting our contractual timelines and milestones on our 3D film conversion contracts; general economic conditions in Canada and globally; film industry conditions; competition for, among other things, capital and skilled personnel; changes in economic and market conditions that could lead to reduced spending on 3D film conversion; potential delays or changes in plans with respect to deployment of services or capital expenditures; our ability to hire and retain qualified employees and key management personnel; possibility that government policies or laws may change; amount and timing of operating costs and capital expenditures; the success of certain business combinations engaged in by the Company or by its competitors; possible disruptive effects of organizational or personnel changes; technological change, new products and standards; risks related to acquisitions and international expansion; reliance on large customers; reliance on a limited number of suppliers; risks related to the Company's competition; the Company's failure to adequately protect its intellectual property; interruption or failure of information technology systems; the risk that the transaction may not be completed as planned, or at all; and business, legal and/or regulatory risks relating to Gener8's business, financings and strategic acquisitions. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
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