WB III Acquisition Corp. announced that it has entered into a definitive agreement dated December 8, 2014 with TicToc Planet Inc. pursuant to which WB's wholly-owned subsidiary, WB III Subco Inc., will merge with TicToc to complete WB's qualifying transaction in accordance with the policies of the TSX Venture Exchange Inc. As a result of the merger, TicToc will become a wholly-owned subsidiary of WB. Upon completion of the merger, it is intended that WB will be known as Frankly Inc. (Resulting Issuer).

Proposed management and board of directors of the resulting issuer: Upon completion of the transaction, it is anticipated that the persons identified below will serve as directors and officers of the Resulting Issuer. Steve Chung - Director, Chief Executive Officer and Corporate Secretary: Mr. Chung is a Director and the Chief Executive Officer of TicToc Planet Inc. and has been with the company since February 2013. Elena Masters - Interim Chief Financial Officer: Ms. Masters is a Chartered Professional Accountant and a Certified General Accountant; She has progressive international experience in the investment and mining industries having acted as the Chief Financial Officer of several corporate entities, including Stans Energy Corp.

and Sino Vanadium Corp, junior natural resource companies, and has acted as a director of several TSXV listed entities, including JM Capital II Corp. and Mercari Acquisition Corp. Ms. Masters has been the President of Administrative Services Corporation Inc., since April 2006.

Sung Pa (Brad) Park - Chief Technology Officer: Mr. Park is the Chief Technology Officer of TicToc Planet Inc. and has been with the company since February 2013. Jungsoo Park - Vice President, Operations: Mr. Park is the Vice President of Operations and a founding officer and investor of TicToc Planet Inc. and has been with the company since March 2013. Harrison Shih - Vice President, Product: Mr. Shih is the Vice President of Product and Marketing at TicToc Planet Inc. and has been with the company since August 2014.

Anthony Lacavera - Director: Mr. Lacavera is the Chairman of the Board of WIND Mobile and serves as the Chairman and Chief Executive Officer of Globalive Capital and Globalive Holdings. Mr. Lacavera has also served as the Chief Executive Officer of WIND Mobile, a division of Globalive Wireless Management Corp., from January 2012 until October 2014. Jonghyeok Lim - Director: Mr. Lim is a Director of TicToc Planet Inc., and the Head of the Strategy and Planning Office of SK Planet Co.

Ltd. since October 2011. Michael Lunsford - Director: Mr. Lunsford is the Chief Executive Officer of SK Planet Inc. and a Director of shopkick Inc. Ronald D. Schmeichel - Director: Mr. Schmeichel served as a President and CEO of Windsor Private Capital from 2010 to 2014. Mr. Schmeichel currently serves as the Chairman of the board of directors of the Concordia Healthcare Corp., and since Concordia's inception was an M&A advisor on six pharmaceutical/healthcare transactions, including two foundational acquisitions.

Mr. Schmeichel has been on the board of 15 TSX and TSXV public companies. Jung Woo Sung - Director: Mr. Sung is a Director of TicToc Planet Inc., and a Vice President & Head of Corporate Development at SK Planet Inc. since February 2014.