Globe
Photos Appoints Entertainment Industry Veteran, Jerry Nadal, to Board of Directors


 


LAS
VEGAS, Nov. 20, 2018 (GLOBE NEWSWIRE) -- Globe Photos, Inc. (OTCQB: GBPT), a leader in iconic pop culture imagery and licensed
sports photography, has appointed entertainment industry veteran, Jerry Nadal, to its board of directors as an independent board
member. Following his appointment, the board will be comprised of five members, with two serving independently.


 


Nadal
brings to Globe Photos more than 30 years of experience in the entertainment industry, specializing in the production of live
performances. He currently serves as senior vice president of the resident shows division of Cirque du Soleil, where he is responsible
for all six ongoing Las Vegas shows and others in several cities worldwide involving more than 2,000 performers from over 40 countries.


 


His
operational responsibilities also include supervising the Cirque du Soleil sales and marketing team that oversees $500 million
in annual revenues, and managing Cirque du Soleil’s operating partnerships with Disney, Universal, MGM Resorts International,
Treasure Island Hotel & Casino, Stage Entertainment, Michael Jackson Estate, and Apple Records.


 


“We
welcome Jerry’s tremendous senior-level experience and extensive relationships in the entertainment industry which are very
much in sync with our focus on celebrating pop culture and major league sports,” said Globe Photos’ CEO, Stuart Scheinman.
“His appointment to our board helps further position us to take advantage of the growing demand for pop culture imagery
and sports memorabilia, especially following our recent acquisition of Photo File.”


 


Globe’s
asset acquisition of Photo File, Inc. brings with it licenses with most of the major U.S. professional sports leagues and
many major colleges to produce and sell officially-licensed sports prints, lithographs and sports memorabilia, as well as an established
sales and marketing platform that generates more than $7 million in annual revenues. The assets and new revenue streams from Photo
File has been transformative for Globe, immediately increasing its growth several fold. It has also opened new sales channels
for Globe, including product personalization through both online and traditional retail.


 


“I
couldn’t be more excited to join Globes’ board at this pivotal stage of its growth, and especially given the great
fit to my background and what I believe I can contribute in terms of helping to expand the reach and scope of Globe into new markets
and venues,” commented Nadal, who is also based in Las Vegas. “Given Globe’s massive collection of pop culture
imagery and sports memorabilia, and the innovative ways it is monetizing these valuable assets, the company enjoys multiple avenues
and opportunities for enhancing shareholder value.”


 



    	 		 



    	 



    

 





Nadal
holds Associate of Arts and Bachelor of Science Degrees from St. John’s University in New York, and received his MBA in
Global Management from the University of Phoenix. He also holds an honorary doctorate in performing arts from The University of
North Carolina School of the Arts.


 


Nadal’s
not-for-profit and philanthropic work includes sitting on the board of directors for The Smith Center, Nevada Public Radio as
chairman, Nevada Ballet Theatre as co-chair, The Public Education Foundation, Stagecraft Institute of Las Vegas, and One Drop
USA.


 


About
Globe Photos





Globe
Photos is the owner to one of the world’s largest collections of iconic pop culture imagery library, which includes more
than 15 million images taken by more than 3,500 photographers from around the world over the last century. The collection features
iconic personalities and unforgettable moments from the worlds of entertainment, sports, history and politics. For more information,
visit www.globephotos.com.


 


The
company’s new Photo File division currently holds licenses with the NFL, NBA, MLB, NHL, and major colleges including Alabama,
Clemson, Ohio State and others, to produce sports prints, lithographs and other related items. Photo File is also licensed by
thousands of additional individuals and organizations, including Babe Ruth, Joe Namath, Vince Lombardi, and others. For more information
about Photo File, Inc., visit www.photofile.com.


 


Important
Cautions Regarding Forward Looking Statements





This
press release contains forward-looking statements within the definition of Section 27A of the Securities Act of 1933, as amended,
and such as in section 21E of the Securities Act of 1934, as amended. These forward-looking statements should not be used to make
an investment decision. The words 'estimate,' 'possible' and 'seeking' and similar expressions identify forward-looking statements,
which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any
forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently
subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ
materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties
to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition
and other material risks.


 


Company
Contact

Stuart Scheinman

President & CEO

Globe Photos, Inc.

Tel (702) 722-6113

info@globephotos.com


 


Media
& Investor Relations Contact: 

Ronald Both

CMA   

Tel (949) 432-7566 

GBPT@cma.team


 








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