AEROCENTURY HAS COMPLETED THE CORPORATE CHANGE OF “AEROCENTURY CORP.” TO “MEGA MATRIX CORP.” AND WILL START TRADING UNDER THE NEW SYMBOL “MTMT”

PALO ALTO, Calif., March 25, 2022 /PRNewswire/ — AeroCentury Corp. (“AeroCentury” or the “Company”) (NYSE American: ACY), today announced that this has completed the company’s previously announced name change from “AeroCentury Corp.” to “Mega Matrix Corp.” Concurrent with the name change, the Company will begin trading on the NYSE American under the new ticker symbol “MTMT”, effective upon opening of trading on March 28, 2022.

“I am beyond excited to share with you our new company name. ‘Mega Matrix Corp.’ to better reflect our expansion into the metaverse and GameFi activity. We are entering a technologically advanced era and I believe that stepping into the world of the metaverse is a step in the right direction,” Mr. Yucheng HuCompany CEO.

About Mega Matrix: Mega Matrix Corp. (the “Company”) is a holding company located in Palo Alto, California with two subsidiaries: Mega Metaverse Corp., a California corporation (“Mega”) and JetFleet Management Corp. California company (“JetFleet”). The company is focused on GameFi business through Mega and will continue to focus on third-party management services contracts for flight operations through our majority-owned subsidiary JetFleet, which was part of our legacy business. For more information, please visit: http://www.aerocentury.com.

Forward-looking statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than purely historical statements are forward-looking statements. . When used in this press release, the words “estimates”, “plans”, “expects”, “anticipates”, “expects”, “plans”, “intends”, “believes “, “seek”, “may”, “will”, “should”, “future”, “propose” and variations of these similar words or expressions (or negative versions of these words or expressions) are intended to identify the forward-looking statements.These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of control of the Company, which could cause actual results or results to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: ability to manage growth; ability to identify and integrate other future acquisitions the ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting the profitability of the Company; disputes involving patents, intellectual property and other matters; potential changes in the legislative and regulatory environment; a pandemic or an epidemic. The forward-looking statements contained in this press release and the future results of operations of the Company are subject to additional risks and uncertainties set forth under the heading “Factors that may affect future results and liquidity” in the documents filed by the Company with the Securities and Exchange Commission. , including the Company’s Quarterly Reports on Form 10-Q and the Company’s most recent Annual Report on Form 10-K, and are based on information available to the Company as of the date hereof. In addition, these risks and uncertainties include the Company’s inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company’s assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Investor Relations: [email protected]

(PRNewsfoto/AeroCentury Corp.)

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SOURCE AeroCentury Corp.

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