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Kuuhubb Inc. Announces Voting Results from Annual General Meeting on April 4, 2019 and New Members of the Board of Directors

TORONTO, April 05, 2019 (GLOBE NEWSWIRE) -- Kuuhubb Inc. (“Kuuhubb” or the “Company”) (KUU.V) (the "Company") is pleased to announce the detailed voting results for the election of its Board of Directors, which took place at the Company's Annual General Meeting held on April 4, 2019 (the "Meeting"). The nominees listed in the management information circular dated March 6, 2019 were elected as directors of the Company at the Meeting. Detailed results of the vote are set out below:

Jouni Keränen, CEO of Kuuhubb commented, “We are delighted to have added Elmer Kim and André Lüdi to the Board of Directors, following the most recent addition of Garner Bornstein. Our new Board of Directors is now finally comprised of a seasoned team with extensive mobile gaming, technology and capital markets experience that will be invaluable in executing Kuuhubb’s growth strategy.”

1. Election of Jouni Keränen as a director 31,630,303
% Voted: 99.019%
N/A 313,499
% Withheld: 0.981%
2. Election of Christian Kolster as a director 31,630,303
% Voted: 99.019%
N/A 313,499
% Withheld: 0.981%
3. Election of Garner Bornstein as a director 31,630,303
% Voted: 99.019%
N/A 313,499
% Withheld: 0.981%
4. Election of André Lüdi as a director 31,630,303
% Voted: 99.019%
N/A 313,499
% Withheld: 0.981%
5. Election of Elmer Kim as a director 31,630,303
% Voted: 99.019%
N/A 313,499
% Withheld: 0.981%
6. Appointment of MNP LLP, Chartered Professional Accountants, as the auditors of the Corporation until the close of the next annual meeting 31,943,802
% Voted: 100.00%
N/A 0
% Withheld: 0.00%

(1) All matters were approved on a show of hands by more than a majority of the votes cast by the shareholders at the Meeting.
(2) Percentages are based on the number of Shares represented and voted at the Meeting.

The Company is pleased to announce the appointments of Mr. Elmer Kim and Mr. André Lüdi to the Board of Directors, to serve as Directors of the Corporation effective April 4, 2019.  Mr. Garner Bornstein was also appointed to the Board of Directors effective February 26, 2019.

Mr. Bornstein is the founder and CEO of Breethe, a meditation lifestyle app, which has grown to several million users. Mr. Bornstein is a serial entrepreneur with a track record of creating successful companies in the world of disruptive technology. Mr. Bornstein previously co-founded Airborne Mobile, one of North-America’s first mobile content developers and publishers. Airborne was sold in 2005 to Cybird Co. Ltd., a publicly traded Japanese mobile content publisher.

Mr. Kim is an accomplished private equity, family office and investment management executive with over 25 years of investment and technology industry experience. Mr. Kim is currently the Chief Investment Officer of the Hyatt Bangia Family Office in Toronto. He is also the President of Uclid Inc., a privately held investment and consulting company. Prior to his current roles, Mr. Kim was Vice President of Growth Equity at the Business Development Bank of Canada from 2016 to 2017. From 2011 to 2016, Mr. Kim was the Managing Director of Roynat Equity Partners, an operating division of Roynat Inc., a wholly owned subsidiary of the Bank of Nova Scotia. Mr. Kim has held a variety of progressive investing and financial executive roles with Whitecastle Investments Limited between 1995 and 2011 and was the Co-Founder of Whitecastle Private Equity Partners in 2004.

Mr Lüdi has over 30 years of experience in the financial sector, both in investment and private banking. Mr Lüdi is currently a Senior Partner and Board Member of ACT Asset Management AG, Zürich. In 2006, Mr. Lüdi founded an asset management company that he operated as a managing partner and was also a member of the Aquila Group. From 1996 to 2006, Mr. Lüdi advised high net worth clients in Scandinavia as a wealth manager at UBS AG and VP Bank (Switzerland) Ltd. Mr. Lüdi completed his banking apprenticeship in 1982 at Swiss Bank Corporation (SBC) in Basel and then worked as a precious metals and foreign exchange trader for different banks in Basel, Geneva and Toronto until 1996.

About Kuuhubb
Kuuhubb is a publicly listed mobile game development and publishing company, targeting the female audience with bespoke mobile gaming experiences. Our strategy is to become a top player in the underserved female mobile game space by identifying new lifestyle trends, partnering with select developers and consumer brands, and creating innovative mobile game apps for our user community to enjoy. Headquartered in Helsinki, Finland, Kuuhubb has a global presence with a strong focus on developing U.S. brand collaborations and Asian partnerships.

Cautionary Note Concerning Forward-Looking Information
This press release contains forward-looking information. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements relating to future revenue and products and the development and growth of the Company’s business) are forward-looking information. This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, risks related to the growth strategy of the Company, the possibility that results from the Company’s growth and development plans will not be consistent with the Company's expectations, the early stage of the Company's development, competition from companies in a number of industries, the ability of the Company to manage expansion and integrate acquisitions into its business, future business development of the Company and the other risks disclosed under the heading "Risk Factors" in the Company's annual information form dated November 8, 2018 filed on SEDAR at Forward-looking information speaks only as of the date on which it is provided and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Kuuhubb Inc.

Jouni Keränen – CEO

Bill Mitoulas
Investor Relations
Office: +1 (416) 479-9547