X1 Entertainment Group Inc. announced the resignation of Mark Elfenbein as director of the Company. The Company further announced that Adam Giddens has been appointed to the board of directors of the Company. Mr. Giddens is a past CEO and director of the Company.

Mr. Giddens is a skilled capital markets professional with several years of experience in the industry. He has worked in a range of different positions from investor relations to business development and has helped raise money for both private and public companies across a wide range of industries.