Captivision Announces New Global Leadership

Expands Focus on Sports & Entertainment in the United States and Globally

SEOUL, South Korea, March 25, 2024 (GLOBE NEWSWIRE) -- Captivision Inc. (NASDAQ: CAPT) today announced that Gary R. Garrabrant has been appointed Chairman and Chief Executive Officer of the company, effective immediately. Based in the U.S., Mr. Garrabrant will lead the firm’s strategic direction, including potential expansion in new geographies and promising sectors, chief among them sports and entertainment. Based in Seoul, company founder and former CEO Dr. Ho Joon Lee will lead Captivision’s innovation team globally as Chief Technology Officer and will continue to serve on the company’s Board of Directors.

“I am thrilled and privileged to lead Captivision as Chairman and CEO as we capitalize on new growth opportunities globally,” said Mr. Garrabrant. “We have successfully transitioned to a Nasdaq-listed growth company with ground-breaking technology honed over the past 10 years. We expect the future to reflect a growing array of important partners, many of them stemming from long-standing relationships. Under Dr. Lee’s leadership of Captivision, and its predecessor company, he has created a company with enormous potential. As Chief Technology Officer, he will continue to be instrumental in developing and extending our transformational technology.”

As previously disclosed, Ryan Littman is leading new business activities globally as Chief Commercial Officer, based in Los Angeles. Captivision is also pleased to announce London-based Managing Director Dr. Orhan Ertughrul will lead activities in the UK, Europe and the Middle East and Director Sanmukh Bawa, reporting to Dr. Ertughrul, will lead activities in the Middle East. Anthony Page continues as Chief Financial Officer and Alexander Marcinkowski continues as Senior Vice President, Capital Markets, based in Los Angeles.

“We expect our management team presence in the U.S. to expand in-line with new business opportunities and are excited to hit the ground running, propelling Captivision’s growth in the U.S. and globally,” added Mr. Garrabrant.

About Captivision
Captivision is the inventor and manufacturer of the world’s first media glass combining IT building material and architectural glass. The product has a boundless array of applications including entertainment media, information media, cultural and artistic content as well as marketing use cases. Captivision can transform any glass façade into a transparent media screen with real time live stream capability.