MINNEAPOLIS, Sept. 20, 2022 (GLOBE NEWSWIRE) — iMedia Brands, Inc. (“iMedia”) (NASDAQ: IMBI, IMBIL) introduced as we speak the unique launches of Major League Baseball (“MLB”) and National Hockey League (“NHL”) Invicta watch collections that might be airing on ShopHQ and ShopBulldogTV.
In addition, iMedia introduced its 2022 fall season for Invicta NFL watches, which is able to function over 100 hours of dwell programming and embrace dwell ShopHQ distant broadcasts from the Raiders’ Allegiant stadium in Las Vegas and from the Vikings’ US Bank stadium in Minneapolis.
MLB-themed Invicta watches launched dwell on ShopHQ and ShopBulldogTV on August 6, that includes watches from all 30 baseball groups in MLB. NHL-themed Invicta watches will premiere on ShopHQ and ShopBulldogTV on October 5, dwell from the NHL headquarters in New York City through distant broadcast. ShopHQ might be providing watches from 15 widespread NHL groups.
“MLB and NHL are amazing event-driven brands fueled by passionate fans,” mentioned Cassie Anliker, President of ShopHQ Networks. “We feel fortunate to partner with Invicta to create compelling live entertainment that features high-quality products at great prices.”
“ShopHQ continues to be a great partner for Invicta,” mentioned Eyal Lalo, CEO of Invicta. “We consider our partnerships with the NFL, MLB and NHL our biggest licensing collaborations and are excited about this fall.”
iMedia’s flagship community, ShopHQ (shophq.com), airs dwell on nationwide cable operators, nationwide satellite tv for pc suppliers, broadcast tv and related tv apps on Apple TV, Roku, and Amazon Fire TV.
About iMedia Brands, Inc.
iMedia Brands, Inc. (NASDAQ: IMBI, IMBIL) is a world media firm capitalizing on the convergence of leisure, ecommerce, and promoting. The Company owns and operates a rising portfolio of vertically built-in tv networks within the United States and Western Europe.
iMedia’s frequent inventory is traded on the NASDAQ Global Market inventory trade beneath the ticker IMBI. iMedia’s 8.5% bonds are additionally publicly traded on the NASDAQ Global Market beneath the ticker IMBIL and pay holders 8.5% curiosity quarterly in arrears on March 31, June 30, September 30, and December 31.
Investors:
Ken Cooper
[email protected]
(952) 943-6119
Media:
[email protected]
(952) 943-6125
Cautionary Statement Concerning Forward-Looking Statements
This doc might comprise sure “forward-looking statements” inside the that means of the protected harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Any statements contained herein that aren’t statements of historic truth, together with statements concerning future income and adjusted EBITDA are forward-looking. The Company usually makes use of phrases resembling anticipates, believes, estimates, expects, seeks, predicts, ought to, plans, will, or the adverse of those phrases and related expressions to establish forward-looking statements, though not all ahead looking-statements comprise these phrases. These statements are primarily based on administration’s present expectations and accordingly are topic to uncertainty and modifications in circumstances. Actual outcomes might range materially from the expectations contained herein attributable to numerous vital components, together with (however not restricted to): variability in shopper preferences, procuring behaviors, spending and debt ranges; the overall financial and credit score atmosphere, together with COVID-19; rates of interest; seasonal differences in shopper buying actions; the flexibility to attain the best product class mixes to maximise gross sales and margin aims; aggressive pressures on gross sales and gross sales promotions; pricing and product sales margins; the extent of cable and satellite tv for pc distribution for the Company’s programming and the related charges or estimated value financial savings from contract renegotiations; the Company’s skill to determine and keep acceptable business phrases with third-party distributors and different third events with whom the Company has contractual relationships, and to efficiently handle key vendor and delivery relationships and develop key partnerships and proprietary and unique manufacturers; the flexibility to handle working bills efficiently and the Company’s working capital ranges; the flexibility to stay compliant with the Company’s credit score amenities covenants; buyer acceptance of the Company’s branding technique and its repositioning as a video commerce Company; the flexibility to reply to modifications in shopper procuring patterns and preferences, and modifications in know-how and shopper viewing patterns; modifications to the Company’s administration and data programs infrastructure; challenges to the Company’s knowledge and data safety; modifications in governmental or regulatory necessities; together with with out limitation, laws of the Federal Communications Commission and Federal Trade Commission, and adversarial outcomes from regulatory proceedings; litigation or governmental proceedings affecting the Company’s operations; vital occasions (together with disasters, climate occasions or occasions attracting vital tv protection) that both trigger an interruption of tv protection or that divert viewership from its programming; disruptions within the Company’s distribution of its community broadcast to clients; the Company’s skill to guard its mental property rights; the Company’s skill to acquire and retain key executives and staff; the Company’s skill to draw new clients and retain present clients; modifications in delivery prices; bills associated to the actions of activist or hostile shareholders; the Company’s skill to supply new or progressive merchandise and buyer acceptance of the identical; modifications in buyer viewing habits of tv programming; logistics prices together with the value of gasoline and transportation; and the dangers described once in a while within the Company’s experiences filed with the SEC, together with, however not restricted to, the Company’s most up-to-date annual report on Form 10-Okay, quarterly experiences on Form 10-Q, and present experiences on Form 8-Okay. Investors are cautioned to not place undue reliance on forward-looking statements, which converse solely as of the date of this announcement. The Company is beneath no obligation (and expressly disclaims any such obligation) to replace or alter its forward-looking statements whether or not because of new data, future occasions or in any other case.
