February 27, 2014 - Waterloo, Ontario: SponsorsOne Inc. (CSE: SPO), ("SponsorsOne" or the "Company"), the social commerce platform that brings elite sponsorship to the masses, today announced the appointment of Jonathan Leong as its new Chief Financial Officer, effective immediately.
Mr. Leong joins the management team of SponsorsOne as the Company continues to pursue its strategy of acquiring boutique digital marketing agencies and social networking companies.
Mr. Leong brings extensive experience leading financial operations in both publicly and privately-held companies, in a variety of audit, advisory, M&A and business valuation engagements.
"Jonathan's impressive background in both accounting and finance makes him a great fit for his new role at SponsorsOne," said CEO Myles Bartholomew. "We welcome him to our team and look forward to his contributions in the financial management of SponsorsOne's rapid, global growth."
Jonathan Leong is a Chartered Professional Accountant and Chartered Business Valuator, and is an alumnus of Grant Thornton LLP. He obtained his Master of Accounting from the University of Waterloo.
Mr. Leong succeeds Mark Olson as CFO. Gary Bartholomew, Executive Chairman of SponsorsOne commented "Mark, as interim CFO, was instrumental in guiding us through the initial audit and RTO process and we are grateful for all his contributions. The Company wishes Mark success in his future endeavors."
In connection with his appointment as CFO, the Company has granted 100,000 stock options to Mr. Leong. The stock options are exercisable at a price of $0.95 and expire ten years from the date of grant. The stock options shall vest 10% upon issuance, 45% on the first anniversary of the date of grant, and the balance on the second anniversary of the date of grant.
SponsorsOne has also granted 25,000 stock options each to its independent directors, for a total of 50,000 stock options, pursuant to the board compensation package as described in the Company's listing statement dated December 19, 2013. The stock options are exercisable at a price of $0.95 and expire ten years from the date of grant. The stock options shall vest immediately upon grant.
About SponsorsOne (CSE: SPO)
SponsorsOne is the next evolution of digital marketing, enabling one-to-one, authentic engagement between brands, influencers and their online enthusiasts through social sponsorship and commerce. With the SponsorsCloud platform, brands and influencers can identify and sponsor their fans. SponsorsOne is the creator of xCredits which is the currency that gives consumers real compensation for their authentic blogs, videos, tweets, pins and posts. With SponsorsCloud and the xCredit currency, the Company is building the engine to change and drive the social economy.
To learn how to get your online enthusiasts working for you, visit http://sponsorsone.com
For more information, please contact: Investor Relations at SponsorsOne
Toll-free: (888) 948-8028 x4
Local: (519) 279-6793 x4
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