Genius Brands Regains Compliance with Nasdaq Continued Listing Requirements
02 March 2023 - 1:16AM
(“Genius Brands”) (NASDAQ: GNUS), a global brand management company
that creates and licenses multimedia entertainment content for
children, today announced that it received notice from Nasdaq on
February 28, 2023, stating that the Company had regained compliance
with the minimum bid price requirement under Nasdaq Rule
5550(a)(2).
About Genius Brands International Genius Brands
International, Inc. (Nasdaq: GNUS) is a leading global kids media
company developing, producing, distributing, marketing and
licensing branded children’s entertainment properties and consumer
products for media and retail distribution. The Company’s IP
portfolio of family-friendly content features the Stan Lee brand,
Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger,
on Kartoon Channel!; Shaq’s Garage, starring Shaquille O’Neal,
coming to Kartoon Channel! and additional platforms; Rainbow
Rangers on Kartoon Channel! and Netflix; acquired Canada’s WOW!
Unlimited Media (TSX-V: WOW), which includes 2,500 channels under
the Channel Frederator Network, and has also made a strategic
investment in Germany’s Your Family Entertainment AG (FRA:RTV), one
of Europe’s largest distributors and broadcasters of high-quality
programs for children and families. Additionally, Genius Brands own
BEACON MEDIA, which represents over 30 toy companies and is the
largest children's media buyer in North America.
Genius Brands’ Kartoon Channel! is a globally distributed
entertainment platform with 100% penetration in the U.S. television
market and international expansion with launches in key markets
around the world. The channel is available in the U.S. via a broad
range of distribution platforms, including Comcast, Cox, DISH,
Amazon Prime, Amazon Fire, Apple TV, Apple iOS, Android TV, Android
Mobil, Google Play, Roku, YouTube, KartoonChannel.com, Samsung
Smart and LG TVs, the JetBlue Inflight platform and more. Genius
Brands is now rolling out the subscription-based Kartoon Channel!
Kidaverse, featuring metaversal content and exclusive titles.
For additional information, please visit www.gnusbrands.com.
Forward-Looking Statements: Certain statements in this press
release constitute "forward-looking statements" within the meaning
of the federal securities laws. Words such as "may," "might,"
"will," "should," "believe," "expect," "anticipate," "estimate,"
"continue," "predict," "forecast," "project," "plan," "intend" or
similar expressions, or statements regarding intent, belief, or
current expectations, are forward-looking statements. While the
Company believes these forward-looking statements are reasonable,
undue reliance should not be placed on any such forward-looking
statements, which are based on information available to us on the
date of this release. These forward-looking statements are based
upon current estimates and assumptions and are subject to various
risks and uncertainties, including without limitation, our ability
to generate revenue or achieve profitability; our ability to obtain
additional financing on acceptable terms, if at all; the potential
issuance of a significant number of shares, which will dilute our
equity holders; fluctuations in the results of our operations from
period to period; general economic and financial conditions; our
ability to anticipate changes in popular culture, media and movies,
fashion and technology; competitive pressure from other
distributors of content and within the retail market; our reliance
on and relationships with third-party production and animation
studios; our ability to market and advertise our products; our
reliance on third-parties to promote our products; our ability to
keep pace with technological advances; our ability to protect our
intellectual property and those other risk factors set forth in the
“Risk Factors” section of the Company’s most recent Annual Report
on Form 10-K and in the Company's subsequent filings with the
Securities and Exchange Commission (the "SEC"). Thus, actual
results could be materially different. The Company expressly
disclaims any obligation to update or alter statements whether as a
result of new information, future events or otherwise, except as
required by law.
GENIUS BRANDS MEDIA CONTACT
:pr@gnusbrands.com
GENIUS BRANDS INVESTOR RELATIONS CONTACT:
ir@gnusbrands.com
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