VANCOUVER, BC, Aug. 29, 2023 /CNW/ - Network Media Group Inc. (TSXV: NTE) (OTC: NETWF) ("Network" or the "Company") announces a consolidation (the "Consolidation") of its Common Shares (the "Common Shares") on the basis of five (5) pre-Consolidation Common Shares for one (1) post-Consolidated Common Shares. As of the date hereof, there are 89,123,537 Common Shares issued and outstanding. On a post-Consolidation basis, the Company shall have 17,824,707 Common Shares issued and outstanding. No fractional shares will be issued under the Consolidation and each fractional share will be rounded down to the nearest whole number, without any consideration payable therefor. Each shareholder's percentage ownership in the Company and proportional voting power will remain unchanged, except for minor adjustments resulting from the treatment of fractional shares.