Further to our announcement of January 14, 2021, following agreement between MFC
and Otello to postpone the hearing listed for January 21, 2021 until on or after
22 February 2021 to allow further time for MFC to seek refinancing to raise
funds to enable it to pay in full the sums due to Otello, the English High Court
has ordered that the appointment of a receiver should be postponed until after
19 February 2021. The hearing listed for 21 January 2021 is therefore adjourned
until on or after 22 February 2021.
Petter Lade, CFO
Phone: +47 91143878
E-mail: petterl@otellocorp.com
About Otello:
Otello holds shares in several different businesses, including (i) AdColony
which helps publishers monetize their content through advertising and
advertisers reach the audiences that build value for their businesses,
capitalizing on a global consumer audience reach that exceeds 2 billion; (ii)
Bemobi, a Mobile Media and Entertainment company which integrate people and
mobile content through technology and offers a leading subscription-based
discovery service for mobile apps in Latin America and beyond; (iii) Skyfire
which offers cloud-based network solutions for mobile operators and (iv) Vewd
which offers OTT services in the Connected TV space.