AEROCENTURY PROPOSES TO CHANGE NAME TO “MEGA MATRIX CORP” AND ANNOUNCES ITS NEW TICKER TO BE “MTMT”

PALO ALTO, Calif., March 14, 2022 /PRNewswire/ — AeroCentury Corp. (“AeroCentury” or the “Company”) (NYSE American: ACY), today announced that it plans to change its name from “AeroCentury Corp. to “Mega Matrix Corp.” to better reflect its expansion into the Metaverse and Gamefi businesses. As part of the corporate name change, the Company also plans to change its trading symbol from “ACY” to “MTMT” to take effect on March 28, 2022. The effective date of the name change will be disclosed in a subsequent press release.

About AeroCentury: AeroCentury (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 company’s future operating results are subject to additional risks and uncertainties set forth under the heading “Factors That May Affect Future Results and Liquidity” in the company’s filings. 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 of present. 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 from 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.

SOURCE AeroCentury Corp.

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