Gegs Capital Corp. and UMG Media Corp. announced they have entered into a letter of intent dated March 5, 2019 (the "Agreement") with respect to a combination of both companies (the "Transaction") whereby Gegs will acquire all of the issued and outstanding common shares of UMG.

Following the closing of the Transaction, management of the Corporation will be comprised of Dave Antony, Chief Executive Officer; Martin Brown Chief Operations Officer, Charidy Lazorko, Chief Financial Officer, Shelly Scism, Chief Compliance Officer, and Ryan Summers VP of Operations. The Board of Directors is contemplated to be comprised of David Antony, Martin Brown, Ray Antony, Scott McGregor and Hector Rodriguez. The management team and Board of Directors have extensive experience in the eSports and digital entertainment industries.

Dave Antony ­ CEO, Proposed Director: Dave has over 25 years of experience assisting companies in structuring transactions, accessing capital, and corporate governance. Dave has been involved as an officer and director of many private and public companies. Dave has been involved in various industries including daily fantasy sports, digital media contests, and consulting services companies.

Martin Brown - COO: Proposed Director: Martin founded a private software development company specializing in algorithmic trading in the sports and horse racing betting markets. Martin operated it successfully for 16 years making it one of the largest private sporting markets trading companies, before selling his interest in 2013. Charidy Lazorko - CFO: Charidy is a CPA, CGA with over 13 years of private and public company experience.

Charidy has been involved as an officer in numerous companies providing financial services, with an emphasis in corporate restructuring, amalgamations and asset acquisitions, and she has acted as a financial advisor for a multitude of other private transactions in the digital asset and resources industries. Shelly Scism,­ Compliance Manager: Shelly has over 7 years experience in both the financial and compliance aspects of the eSports industry. She has extensive experience in all components of user operations and compliance.

Ryan Summers,­ Manager of Operations: Ryan has been in the eSports industry for over 10 years, including 5 years as a pro player and recently as a manager for a professional eSports organization. He has over a decade of competition, event, and operations experience. Trevor Wong-Chor, ­ Corporate Secretary: Trevor is a partner at DLA Piper (Canada) LLP.

and has over 30 years of experience with both private and public companies. Ray Antony - Proposed Director: Ray has over 30 years of experience with both private and public companies. He has provided financial and corporate governance services as both an officer and director in numerous industries.

Hector Rodriguez -­ Proposed Director: Hector was the CEO and owner of the OpTic Gaming organization. Hector developed the OpTic brand, building OpTic into one of the largest pro eSports brands. Scott McGregor - Director: Mr. McGregor has 20 years of investment banking experience.

He recently served as Executive Vice President and director of Merrco Payments.