Qwick Media Inc. announced that it was pursuing strategic alternatives for growth objectives. Consistent with that process, Qwick announced that it has signed a non-binding letter of intent dated July 1, 2018 with Main Street Media Company Ltd. pursuant to which the Company proposes to purchase all of the issued and outstanding securities of Main Street from the shareholders of Main Street. Upon completion of the Transaction, the Company will integrate its business with the business of Main Street.

Upon the closing of the Transaction, the board of directors of Qwick will be comprised of seven directors, of which three will be current directors of Qwick, three will be nominees of Main Street and one will be a nominee mutually agreed upon by the parties. The executive team shall be comprised of Ross Tocher, Executive Chairman, Darren Penner, President and CEO and Michael McIsaac, CFO.