Legacy Ventures International, Inc. (LGYV) Adds Media/Techno Legacy Ventures International, Inc. (LGYV) Adds Media/Technology Venture Capitalist G. Scott Paterson to Advisory Committee
Before the opening bell, Legacy Ventures International, Inc. (OTC: LGYV) announced the addition of media/technology venture capitalist G. Scott Paterson to its advisory committee. Paterson currently serves as chairman of Symbility Solutions, Inc., a cloud-based software-as-a-service (SaaS) provider for the insurance industry, and Engagement Labs, Inc., a cloud-based SaaS provider for marketers. He is also a director and chair of the Audit & Risk Committee of Lions Gate Entertainment (NYSE: LGF), a major film and television studio, and chairman of QYOU Media, Inc., a PayTV service available in over 20 countries around the globe.
“We are very pleased to welcome Mr. Paterson to the Legacy Advisory Committee,” Evan Clifford, chief executive officer of Legacy, stated in the news release. “We look forward to his highly respected and valued guidance as we explore strategic ventures and continue to expand the Legacy portfolio.”
Some of Paterson’s most noteworthy accomplishments in the media/technology industry were achieved during his time with JumpTV. As chairman and chief executive officer, Paterson successfully guided JumpTV through a $65 million IPO in August 2006, and he played an instrumental role in a subsequent $100 million secondary financing in February 2007. In 2008, Paterson negotiated JumpTV’s takeover of NeuLion, a global leader in digital broadcasting, distribution and monetization on behalf of clients such as the NFL and NBA. Following the takeover, Paterson became NeuLion’s vice chairman of the board, a role he held until June 2015.
Adding Paterson to its advisory committee is the latest news in what has already been an exciting week for Legacy and its shareholders. On Monday, the company, through wholly-owned subsidiary RM Fresh Brands, Inc., announced a new distribution agreement with Sysco (NYSE: SYY), propelling share prices to a new 52-week high. Through this partnership, Legacy aims to expand upon its current Canadian distribution network for Boxed Water, as well as its other portfolio of products.
Boxed Water, the company’s leading product, is a more environmentally friendly alternative to traditional bottled water. By utilizing a 100 percent recyclable carton with a modular design, Boxed Water provides significant ecological benefits over water packaged in plastic bottles. In shipping alone, Boxed Water offers a substantially decreased carbon footprint. According to company data, a single truckload of Boxed Water cartons in the equivalent of 26 truckloads of plastic bottles.
For more information, visit www.legacyventuresinc.com
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