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Media Central makes changes to its board of directors and management

Rodney Davis has been reinstated as Media Central’s CFO, effective immediately, following Igor Kostioutchenko resignation as interim CFO

Media Central Corporation -
Media Central is growing an alternative media publishing empire in Canada across print and digital platforms

Media Central Corporation Inc (CSE:FLYY) (FRA:3AT) late Thursday announced the appointment of three new directors to the company’s board, and also said its chief financial officer (CFO) has been reinstated.

The company’s three new board members are:

  • David Daniels, currently President and CEO of commercial and industrial lighting company Etlin Daniels, who is serial business entrepreneur with a successful 35-year track record of profitable small business ownership
  • Emmanuel Manos Pavlakis is a successful entrepreneur with 30 years' experience in building companies in markets including manufacturing, commercial and industrial real estate and investment banking, with companies such as Noble Precision Tooling Inc., Megafoam Inc. and Powergundrilling Inc.
  • Jay Vieira, a corporate and securities lawyer, who was formerly a partner at Blaney McMurtry LLP and Fogler Rubinoff LLP.

The group said that Rodney Davis has been reinstated as the company's CFO, effective immediately, following Igor Kostioutchenko’s resignation as interim CFO. 

Media Central noted as well that Brian Kalish has resigned as the company’s CEO and has stepped down from its board of directors. Scott Wilson, Gil Steinfeld and Larry Latowsky have also resigned as directors of the corporation.

READ: Media Central driving shareholder value through iconic Canadian print and digital publications

Media Central is growing an alternative media publishing empire in Canada across print and digital platforms. Its publications, including Toronto’s iconic NOW Magazine and Vancouver’s The Georgia Straight, have a total readership of about of 6.5 million. NOW Magazine alone has nearly 510,000 average weekly unique readers, as the free publication is distributed to more than 800 outlets each week.

The company announced recently that it has expanded its existing partnership with iMD Health Global (iMD) to provide readers of NOW Magazine, the Georgia Straight and Canncentral.com with up-to-date health information. 

In September 2020, Media Central reported that its average monthly revenue from April 2020 to August 2020 was 372% higher compared to the previous five-month average from November 2019 to March 2020.

Contact Sean at sean@proactiveinvestors.com

Quick facts: Media Central Corporation

Price: 0.005 CAD

CSE:FLYY
Market: CSE
Market Cap: $1.64 m
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