VANCOUVER, BRITISH COLUMBIA–MASEV Communications International Inc. (formerly SVC Second Venture Capital Corp. “SVC-TSXV”) (the “Company”) announced that its common shares have been approved for listing on the TSX Venture Exchange under the stock symbol “MSV”. The common shares will be posted and called for trading at the opening of trading on February 24, 2003.
As part of today’s announcement, the Company stated it has completed its Qualifying Transaction under policy 2.4 of the TSX Venture Exchange (the “Exchange”) pursuant to which it acquired approximately 93% of the outstanding shares and 100% of the outstanding common share purchase warrants of MASEV Communications Inc. in consideration of the Company issuing 17,853,198 common shares and 4,646,875 common share purchase warrants of the Company. Each common share purchase warrant entitles the holder to acquire one common share of the Company until June 28, 2003 at a price of $0.40 per share. The common shares and warrants issued by the Company are subject to a four-month hold period from the date of closing.
“This represents a significant corporate milestone for us,” said Darcy Taylor, President & CEO. “MASEV has enjoyed strong growth and expansion over the past year and becoming a publicly listed company reaffirms our commitment to our long-term business expansion plans. As a public company, MASEV will have the capital to finance its expansion and attract senior business expertise. With investors as a new key audience, MASEV will become more widely known as an industry leader in the rapidly growing experiential youth marketing world.”
The Company’s new senior management team consists of the following:
Darcy Taylor – President and Chief Executive Officer
Mark Taylor – Vice President, Event Properties
Erik Kalacis – Vice-President, Event Properties
John Donnelly – Vice-President, Music and Entertainment
Cecil Annett – Vice-President, Business Development
John Vandespyker – Chief Operating Officer
The Company’s Board of Directors is comprised of management nominees Darcy Taylor and Mark Taylor and outside directors Ms. Linda Fawcus, Mr. Philip Langridge and Mr. Stuart Ross.
With offices in Vancouver, British Columbia, Toronto, Ontario and Carlsbad, California, MASEV is a leading North American experiential youth marketing organization, specializing in music, action sports and entertainment. As a full service agency, MASEV provides a complete range of marketing services including strategic consulting, creative, promotions, event management, property representation, rights ownership, music and entertainment, talent procurement and research.