TMGI Announces New Ownership & Direction
Rhea-AI Summary
The Marquie Group (OTCID:TMGI) has announced a significant leadership transition through a Form 8-K filing with the SEC. The company has executed a buy-sell stock agreement between current CEO Marc Angell and incoming CEO Ryan O'Leary. The transition includes a 10-day escrow period for due diligence under a non-disclosure agreement.
Upon successful completion of the due diligence period, O'Leary will assume the roles of CEO and Sole Control Person. To ensure a smooth transition, Angell will remain in a 12-month consulting role to maintain continuity, key relationships, and assist with ongoing strategic initiatives.
Positive
- Incoming CEO Ryan O'Leary brings extensive OTC market experience
- 12-month consulting agreement with former CEO ensures business continuity
- Structured transition process with due diligence period indicates careful planning
Negative
- Change in control may create temporary operational uncertainty
- No specific business strategy or growth plans disclosed by new leadership
TMGI New CEO Comes With Extensive OTC Experience
DALLAS, Aug. 11, 2025 (GLOBE NEWSWIRE) -- The Marquie Group Inc. (“TMGI” or the “Company”) (OTCID:TMGI), today publicly announced via a Form 8-K filing with the SEC that a buy-sell stock agreement has been completed between the Company’s current CEO and Control Person, Marc Angell, and our future CEO and Control Person, Ryan O’Leary. The agreement requires a 10 day escrow period for certain tasks to be complete prior to transfer of control from Angell to O’Leary. The escrow period is designed to give O’Leary time to complete due diligence under an existing non-disclosure agreement. Upon successful completion of the due diligence period O’Leary is expected to assume the role of CEO and Sole Control Person.
“I want to thank Marc for his years of leadership and for his excellent support as we begin this escrow period,” said O’Leary.
The agreement includes a consulting role for Angell for the next 12 months to ensure continuity, maintain key relationships, and assist with ongoing strategic initiatives.
“We look forward to completion of the escrow period and transfer to Ryan,” said Angell. “I’m excited to see what’s next for TMGI.”
Cautionary Disclosure About Forward-Looking Statements
The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of The Marquie Group, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances whatsoever that the Company will meet its expectations with respect to its future revenues, sales volume, becoming cash flow positive, ARR or RMR. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. There is no guarantee that the Company will achieve operational cash flow positive status. The Company has no obligation to provide the recipient with additional updated information. No information in this press release should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.
For The Marquie Group, Inc.: Marc Angell Chief Executive Officer 800-351-3021 marc@tmgiusa.com
FAQ
Who is the new CEO of The Marquie Group (TMGI)?
What are the terms of TMGI's leadership transition in August 2025?
How long will former TMGI CEO Marc Angell stay involved with the company?
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