Mr. David Vinokurov reports

FANDOM SPORTS RETAINS PHANTOM COMPLIANCE TO IMPLEMENT RISK MANAGEMENT AND COMPLIANCE PROGRAMS FOR B2B LICENSING AND NFT INITIATIVES

Fandom Sports Media Corp. has retained Phantom Compliance to assist the company in setting up internal controls and structures in support of the Fandom Sports' business-to-business Malta critical gaming supply licence application and non-fungible token marketplace initiatives.

Phantom Compliance is a Calgary, Alta., Canada, based firm providing regulatory compliance consulting services, risk management, fraud prevention and advisory services to money services businesses, payments firms, virtual asset service providers, non-fungible tokens businesses, gaming operators and many other clients. The team has a combined 70-plus years of experience in bleeding-edge payments, e-commerce and currency technology.

"As we progress in our Malta gaming licence applications, it is incumbent upon the company to have top-tier internal compliance, risk and player account management policies. Furthermore, as we await our payment integrations and odds line wagering deployment, the reporting and monitoring capabilities which Phantom Compliance will be advising on will lay a cornerstone in our foundation of efficient and prudent financial risk management," states David Vinokurov, chief executive officer and president of Fandom Sports.

As previously announced on June 22, 2021, Fandom Sports commenced development of an NFT marketplace for in-game fan engagement rewards on the Fandom Sports platform. Fandom Sports is nearing beta testing of the NFT marketplace and is considering several different protocols from which to support its NFT initiatives. Phantom Compliance's extensive experience in setting up payment solutions, and international corporate governance structures will be critical in ensuring the scalability required by Fandom Sports to ensure seamless payments and compliance with respect to NFT creation, sales and trading on a global platform with unique local requirements.

"As recently as August of 2021, according to Dune analytics, a leading NFT marketplace recorded monthly volume figures of $3.3-billion (U.S.) -- approximately one million ETH -- representing a 900-per-cent growth over the previous month alone. Many NFT industry participants have been focusing on unique-content-based NFTs while Fandom Sports is focusing on technological fundamentals that will change the way NFTs are created and distributed, as well as unique content-driven NFTs. Our goal is to differentiate ourselves in the NFT space the same way that what we have been able to in e-sports with our unique data presentation capabilities from the company's purpose built APIs," continued Mr. Vinokurov.

"Phantom Compliance is proud to partner with Fandom Sports Media Corp. and thrilled to support them in the risk management, compliance, fraud prevention and other areas of their business as they break new ground in the burgeoning e-sports and NFT industries. With a unique approach and niche product offering, Fandom Sports is well positioned to leverage their experience, and that of Phantom Compliance, to provide a market leading and compliant service in major markets throughout the world," states Ryan Mueller, chief executive officer of Phantom Compliance.

We seek Safe Harbor.