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Imagination Park Technologies Inc
Symbol IP
Shares Issued 72,781,470
Close 2019-02-04 C$ 0.09
Market Cap C$ 6,550,332
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Imagination Park appoints Mariner as senior adviser

2019-02-05 10:46 ET - News Release

Mr. Alen Silverrstieen reports

IMAGINATION PARK ADDS FORMER MAJOR LEAGUE BASEBALL CHIEF FINANCIAL OFFICER

Jonathan Mariner has joined Imagination Park Technologies Inc. as a senior adviser to the chief executive officer. Mr. Mariner, who retired from Major League Baseball, Office of the Commissioner, having previously served as executive vice-president and chief financial officer from March, 2002, to December, 2014, and as chief investment officer from January, 2015, until May, 2016, will help improve the fan experience for professional sports teams and major advertisers by introducing Imagination Park's augmented reality technology platform.

Mr. Mariner stated: "Imagination Park has developed its amazingly simple XenoHolographic augmented reality platform that is the future of sports fan engagement. I think this company can materially transform the fan experience in the sports and entertainment space. I am excited to assist them in introducing this AR platform to new clients who can benefit from this truly game-changing technology."

"Adding an executive of Jonathan Mariner's calibre significantly improves our ability to penetrate professional sports franchises at the highest levels," said Alen Paul Silverrstieen, chief executive officer and president of Imagination Park. "Jonathan has had one of the most influential business careers in sports, so his knowledge and understanding of the financial benefits that these franchises will realize from using our platform is a clear indication that Imagination Park and augmented reality will become an integral part of sports."

Mr. Mariner's professional background

Mr. Mariner's career in professional sports started in 1992, with a nine-year stint as executive vice-president and chief financial officer of the Florida Marlins Baseball Club. He also concurrently served as vice-president and chief financial officer of the Florida Panthers Hockey Club for the team's initial start-up and inaugural seasons in 1993 and 1994 and as vice-president and chief executive officer for Pro Player Stadium, the multiuse sports complex that was home to both the Florida Marlins and Miami Dolphins at the time.

Mr. Mariner is currently the founder and president of TaxDay LLC, a private software firm that helps users track their multistate travel for tax purposes. He also serves on the board of directors of Ultimate Software, McGraw Hill Education, Investors Exchange (IEX, the new public stock exchange) and Little League Baseball International; the board of trustees of the University of Virginia's Darden School of Business and the McIntire School of Commerce; and the advisory boards of Florida Atlantic University's Tech Runway, SparkLabs Foundry and Olympusat Telecom.

Mr. Mariner graduated from the University of Virginia with a bachelor's degree in accounting, received his MBA from Harvard Business School and is a former certified public accountant. He has been featured on the cover of CFO Magazine and was included among the top 10 in Sports Illustrated's annual listings of the 101 Most Influential Minorities in Sports. Mr. Mariner has been a frequent public speaker on the topic of the business of professional sports, including participating in symposiums at Harvard Business School, the Yale School of Management, Wharton, Princeton, Massachusetts Institute of Technology's Sloan School, New York University's Stern School, Columbia, the Booth School at the University of Chicago, the Darden School at the University of Virginia, the CFO Forum and the GSV Pioneer Summit.

The company is granting Mr. Mariner 100,000 three-year options with a strike price of 10 cents, which vest in equal tranches over a one-year period. While Mr. Mariner will not be paid a cash salary, he will have the opportunity to earn additional stock-based compensation when new clients from his network are signed up to use Imagination Park's augmented reality platform.

About Imagination Park Technologies Inc.

Imagination Park Technologies creates engaging and interactive holographic content delivered by its cloud-based augmented reality enterprise platforms. The company provides augmented reality products for mobile phones and wearable headsets as well as rapid deployment of AR solutions without the need for developers, while integrating artificial intelligence.

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