SINGAPORE and ABU DHABI, UAE, Nov. 21, 2024 /PRNewswire/ — Mega Matrix Inc. (NYSE American: MPU) today announced the signing of a memorandum of understanding (“MOU”) with 9Yards Cinema Production (“9Yards Cinema Production”), a subsidiary of 9Yards Communications (“9Yards”), a fully integrated marketing and media agency headquartered in Abu Dhabi, UAE, to jointly establish an investment fund focused on the development of global short drama and pan-entertainment sector.

9Yards, part of NG9 Holding, is a 150-member agency and creative powerhouse, headquartered in the UAE capital, Abu Dhabi, and home to some of the world’s best creative talents in the fields of advertising, public relations, digital, events, and multimedia production. NG9 Holding is a diversified holding company with interests across multiple industry sectors, including tourism and hospitality, energy, real estate, AI, aviation, alternative investments, technology, and healthcare.

The MOU provides for a joint-venture for the purpose of establishing a USD100 million investment fund that aims to support acquisitions, capture global investment opportunities, and promote the development of the pan-entertainment sector, including short dramas production and distribution network worldwide.

The proposed joint venture will establish a wholly owned company to serve as the general partner to manage the investment fund, overseeing the execution and production of the fund’s investments, and ensuring the successful implementation and progress of the partnership.

“The signing of this MOU with 9Yards Cinema Productions is a significant milestone in our mission to expand globally and tap into the immense potential and talent in new global markets. Together, we aim to fuel the growth of the short drama and pan-entertainment sector, creating impactful content that resonates with audiences worldwide,” said Yucheng Hu, CEO of Mega Matrix Inc.

Commenting on today’s announcement, Group CEO of 9Yards, Hussam Almulhem, said: “This partnership with Mega Matrix Inc. represents a bold and transformative step for the MENA region’s entertainment industry, and is in line with the wider economic diversification efforts of the Emirate of Abu Dhabi. By combining our local expertise and creative excellence with Mega Matrix’s innovative vision, this US$100 million investment fund will pave the way for a new era of cinematic storytelling and pan-entertainment, both in the region and globally.”

This strategic collaboration between MPU and 9Yards marks a joint commitment to exploring new business opportunities and driving innovation and growth within the region’s burgeoning cinematic and film production sector. The joint venture will provide MPU with significant market insights and business growth potential, while enhancing its influence and competitiveness as well as representing a key step in its global expansion strategy.

About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through its subsidiary, Yuder Pte, Ltd. Mega Matrix Inc. is a Cayman Island corporation headquartered in Singapore. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io.

About 9Yards Cinema Production: 9Yards Cinema Production is a subsidiary of 9Yards Communications, a fully integrated media and marketing agency headquartered in Abu Dhabi, United Arab Emirates. Established in 2017, the agency has rapidly grown into a creative powerhouse, offering a wide array of services designed to elevate brands and foster meaningful connections with their audiences with a focus on multimedia production. For more information, please visit: https://9yardscomms.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements.

When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose,” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements.

These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.

Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to execute the strategic cooperation with TopReels, ability to obtain additional financing in the future to fund capital expenditures; ability to establish the investment fund with 9Yards Communications under the memorandum of understanding; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company’s profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company’s new lines of business may be adversely affected by other economic, business, and/or competitive factors.

The forward-looking statements in this press release and the Company’s future results of operations are subject to additional risks and uncertainties set forth under the “Risk Factors” in documents filed by the Company’s predecessor, Mega Matrix Corp., with the Securities and Exchange Commission, including the Company’s latest annual report on Form 10-K, as amended, and are based on information available to the Company on the date hereof.

In addition, such risks and uncertainties include the Company’s inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company’s assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Disclosure Channels

We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:

The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website.

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SOURCE Mega Matrix Corp.

PORT WASHINGTON, N.Y., Nov. 21, 2024 /PRNewswire/ — Autel Energy, a global leader in electric vehicle (EV) charging solutions, applauds the completion of the first ultra-fast EV charging hub in the Eastern United States, located in Deerfield, Massachusetts. This groundbreaking project is the result of a successful collaboration between the Town of Deerfield, Rivermoor Energy, the Federal Highway Administration (FHWA), and Autel Energy’s partner Rexel Energy Solutions. The project represents a major leap forward in the region’s EV infrastructure, offering faster, more efficient, reliable charging solutions to accelerate the adoption of electric mobility.

At the heart of this pioneering hub is Autel’s MaxiCharger DC HiPower solution, which boasts a world-leading maximum output of 640 kW. This cutting-edge technology enables ultra-fast charging that can power up an EV in as little as 20 minutes, addressing key concerns around charging speed and range anxiety. Built in Autel’s facility in Greensboro, NC, these units reaffirm the company’s commitment to providing the most advanced, high-performance charging solutions on the market.

Autel Energy worked in close collaboration with Rexel Energy Solutions, whose industry expertise and deep knowledge of energy management were instrumental in delivering the solution efficiently and on schedule. “The Deerfield charging hub is a testament to what collaboration can achieve in advancing the clean energy transition,” said Paul Michaud, General Manager of Rexel Energy Solutions. “By partnering with innovative companies like Autel, who meet Made in America requirements, we’re supporting EV adoption while strengthening local economies and creating opportunities in the energy sector. Rexel Energy Solutions is proud to play a role in delivering critical supply chain solutions that help projects like this come to life.”

“The Deerfield charging hub is a model for the future of EV infrastructure, setting a high bar for speed, reliability, and sustainability,” said Michelle Luo, Chief Revenue Officer at Autel Energy North America.

Strategically positioned along key highways, the new hub will serve as a critical charging point for drivers traveling long distances, closing gaps in the region’s EV infrastructure.

“This project is not only an impactful one for the environment and the advancement of clean energy, but it’s also a boost for the economic backbone of our Town,” said Christopher Dunne, Acting Town Administrator for the Town of Deerfield. “With the added accessibility, climate change mitigation and new pedestrian walkways leading to downtown businesses, Deerfield can continue to thrive and serve its local business owners and attract new customers to our business community.”

The solution also features Autel’s advanced cloud software, allowing for seamless integration, real-time monitoring, and user-friendly payment systems, ensuring a smooth experience for all EV drivers.

Autel Energy’s participation in the Deerfield charging hub is part of the company’s broader efforts to expand its network of high-speed EV chargers, making electric vehicle travel more accessible and practical for drivers nationwide.

About Autel Energy
Autel Energy is a global leader in the development and manufacturing of electric vehicle (EV) charging solutions. With a strong focus on performance, reliability and driver experience, Autel is at the forefront of the transition to a cleaner, more efficient transportation ecosystem.

Contacts
Dario Pagani
Director, Marketing and Communications
Autel Energy North America
dpagani@autel.com

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SOURCE Autel Energy

LONDON, Nov. 21, 2024 /PRNewswire/ — Drofa Comms, the UK-based PR agency specialising in financial and fintech communications, has been acknowledged by the California Business Journal as one of the Top 10 Fastest-Growing PR Agencies in 2024-2025.

Drofa Comms has achieved an impressive growth rate of 69.5% in 2024. This figure is driven by the growing demand for PR services in today’s rapidly evolving financial markets and the agency’s ability to rise up and meet these needs.

Сo-founded by Valentina Drofa and Mary Poliakova in 2011, Drofa Comms has built a solid reputation over the years as a PR firm that develops tailored communications strategies for clients in the financial sector, including established TradFi institutions and fintech and crypto innovators alike.

Drofa Comms’ team leverages deep market knowledge and connections to journalists to craft client-specific promotion strategies, highlighting their strengths and building a compelling narrative in the media landscape. The approach has allowed companies that have partnered with the agency to establish strong market positions in a competitive landscape and gain the confidence of clients and investors worldwide.

“Finance and fintech are highly competitive markets, so if you want to get ahead of the competition, clear and reliable communication isn’t just desirable — it’s essential. Our inclusion in the California Business Journal’s ranking is a testament to our team’s professionalism and dedication to delivering the best possible results, as well as our clients’ trust in our services,” said Valentina Drofa, CEO of Drofa Comms.

Beyond supporting individual companies, Drofa Comms also actively contributes to the development of the fintech industry as a whole. In the past year, the agency introduced three major initiatives aimed at advancing this landscape.

Women Leading the Way is a project that focuses on diversity in leadership and giving voice to women in fintech.Crypto Edu is an initiative created in close partnership with CryptoUK; it is aimed at supporting the cause of digital assets literacy and giving a voice to crypto industry representatives.Communicate Fintech is a platform where fintech opinion leaders and marketing professionals can meet, share insights and help the industry grow.

All of these underscore Drofa Comms’ role as a thought leader in the PR and fintech space and are a testament to the agency’s rapid growth and influence.

View original content:https://www.prnewswire.com/news-releases/drofa-comms-recognized-among-top-10-fastest-growing-pr-agencies-for-2024-2025-302310332.html

SOURCE Drofa Comms