BBTV Provides Update on Convertible Promissory Note

VANCOUVER, BC, Sept. 15, 2023 /CNW/ - BBTV Holdings Inc. (TSX: BBTV) (OTCQX: BBTVF) (the "Company"), the leading creator monetization company with a mission to help creators become more successful, today announced that the date of the financing factor with respect to RTL Group's option granted to BBTV to retire its debt under the secured convertible promissory loan note of approximately $20.4 million (as at June 30, 2023) at a discount, being that the Company have a successful financing on or before September 15, 2023, has been extended to November 30, 2023.

About BBTV
BBTV is a global media and technology company headquartered in Vancouver, Canada. The Company's mission is to help content creators become more successful. With creators ranging from individuals to global media brands, BBTV provides comprehensive, end-to-end Solutions to increase viewership and drive revenue powered by its innovative technology, while allowing creators to focus on their core competency – content creation. In December 2022, BBTV had more than 600 million unique monthly viewers among digital platforms globally, who consumed more than 35 billion minutes of video content [1]. (www.bbtv.com)

[1] Calculations and classifications made by BBTV based on data from Comscore's "Top 12 Countries = December 2022 comScore Video Metrix Media Trend – Multi-Platform – Top 100 Video Properties Report"; Top 12 countries represent ~50% of world's digital population.

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SOURCE BBTV Holdings Inc.