Pioneer completes acquisition of Crowdform, a leading digital products studio and web3 business builder

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VANCOUVER, British Columbia, March 31, 2022 (GLOBE NEWSWIRE) — Pioneer Media Holdings Inc. (NEO: JPEG, AQSE: PNER) (“Pioneer“or the”Company”) is delighted to announce that it has completed the acquisition of Crowdform Ltd. (“Crowd form”), a London-based web3 business builder and digital products studio focused on games and web3-related products.

Crowdform is a leading digital product and business enablement studio that builds innovative platforms, apps and websites for global brands and startups. Founded by Ewan Collinge and Léo Mercier, Crowdform is built by a team of designers, developers and strategists who bring powerful digital products to life. Their unique experience in creating user-centric products and accelerating business growth will be an asset to Pioneer as a pioneer in the field and incubator of leading Web3 technologies. Crowdform has an established and globally recognized list of clients including: The Pit (a popular NTF game) Applied Blockchain, RedBull and Sony.

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Pioneer’s mission is to build a complete Web3 ecosystem and Crowdform will be the backbone of the entire network. As part of its strategic growth plan, Pioneer has recently made several key acquisitions of NFT and web3 assets and having an in-house digital product studio will be a crucial part of building the technology infrastructure for growth and development. ongoing development of these assets and the company’s entire ecosystem. Mr. Collinge and Mr. Mercier will continue in their current roles at Crowdform and their leadership and expertise will be extremely valuable to Pioneer’s success.

Mike Edwards, CEO of Pioneer commented, “The acquisition of Crowdform is our biggest acquisition to date and a very important part of our growth strategy.
Thanks to our own digital product studio and the expertise of Leo and Ewan, we can now create and develop our own Web3 assets and support our NFT and games portfolio to advance our complete ecosystem. We have established the fundamental pillars of our business and Crowdform is the anchor that brings it all together. Now that we’ve built the framework, it’s time for us to run it. I couldn’t be happier with the progress we’ve made in a short time, including our transition to the NEO exchange and look forward to adding significant shareholder value as the industry continues to evolve. and mature.

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Ewan Collinge, co-founder of Crowdform commented“Joining the Pioneer Group is an exciting new chapter in Crowdform’s history. We have always viewed the future of the company as a business builder, and the opportunity to realize Pioneer’s vision alongside others. talented companies in the group is extremely exciting. We already have the first companies in the pipeline and so far have been greatly encouraged by the clarity and speed with which Mike and the other Pioneer leaders are operating. Leo, myself and our team are looking forward to creating an ecosystem of products that we hope will become part of the infrastructure of Web3 and shape the future of the space in games, NFTs, payments and beyond.

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transaction details

Pursuant to the acquisition, Pioneer acquired all outstanding securities of Crowdform from Messrs. Collinge and Mercier (collectively the “Sellers”), which are arm’s length parties to Pioneer. In consideration, Pioneer paid approximately £601,994 (CA$987,968) in cash at closing, with a further £500,000 (CA$820,580) to be paid six months later, subject to adjustment. The sellers will also receive an aggregate aggregate of 4,460,303 common shares of Pioneer, subject to the policies of the NEO Exchange. The Consideration Shares will be issued in four equal tranches every six months from closing and will be subject to a hold period of four months from issuance.

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In addition, with respect to any of Pioneer’s wholly-owned subsidiaries for which Crowdform provides all or substantially all of the software development services, Pioneer will cause such subsidiary to grant options to purchase incentive shares or other equity compensation in such subsidiary to directors, officers, employees of Crowdform or consultants, chosen and determined by the directors of Crowdform at the time, up to a maximum of 20% of the capital then outstanding of this subsidiary.

The directors of the Company assume full responsibility for this announcement.

About Pioneer Media Holdings Inc.

Pioneer is a technology incubator creating a complete Web3 ecosystem focused on NFT, NFT Gaming, DAO and tokenized communities. Pioneer’s experienced management team leverages its global network and expertise to provide investors with direct access to a portfolio of innovative, early-stage to mid-stage, growth companies in the space.

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Additional information about Pioneer is available at www.p10neer.com Where www.sedar.com.

ON BEHALF OF PIONEER MEDIA HOLDINGS INC.

Mike Edwards

CEO and director

First Sentinel Corporate Finance Ltd (AQSE Corporate Advisor)
Brian Stockbridge / Gabrielle Cordeiro +44 7876 888 011

The information contained in this press release is considered by the Company to constitute inside information within the meaning of the Market Abuse Regulation (EU) No. 596/2014. Upon publication of this announcement via a Regulatory Information Service, this privileged information is now considered to be in the public domain.

Certain statements contained in this press release are forward-looking statements, which reflect management’s expectations regarding the matters described herein. Forward-looking statements consist of statements that are not purely historical, including any statement regarding the payment of consideration in connection with the acquisition of Crowdform described above. These statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. There can be no assurance that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will derive therefrom. These forward-looking statements reflect management’s current beliefs and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company’s control. These forward-looking statements are made as of the date of this press release.

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