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WOW! Unlimited Media Announces Grant of Options

/EIN News/ -- TORONTO and VANCOUVER, Canada, May 16, 2019 (GLOBE NEWSWIRE) -- WOW! Unlimited Media Inc. (“WOW!” or the “Corporation”) (TSX-V: WOW / OTCQX: WOWMF), the next-generation kids and youth entertainment company, announces the granting of options pursuant to the Corporation’s stock option plan, as approved by shareholders on December 12, 2016, and subject to the TSX Venture Exchange’s policies and approval.

The Corporation has granted an aggregate of 495,000 stock options, expiring in five (5) years, to officers, consultants and employees of the Corporation. Each stock option entitles the holder to subscribe for one (1) common share of the Corporation at an exercise price of C$1.40 per common share.

In accordance with securities regulator requirements, any shares issued pursuant to the exercise of such stock options will be subject to resale restrictions for a period of four months from the date of grant.

About WOW! Unlimited Media Inc.
WOW! is creating a leading next generation kids and youth entertainment business by focusing on creating top end content, and by building and partnering with the most engaging platforms. The Company's key assets include: Frederator Networks Inc., which includes the world's #1 digital animation network, Channel Frederator Network, Frederator Studios, an animation production company, as well as video-on-demand channels on digital platforms; and one of Canada's largest, multi-faceted animation production studios, Mainframe Studios, which produces animated television series and long-form animated features.

Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

For further information visit:

Investor Relations:
Bill Mitoulas
Tel: (416) 479-9547