---from someone who is not the most savvy investor can someone tell me what this is doing for us? I have heard we will be on air by winter I know that means $$$ but what will this do?---
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Blackout Media Corp. Declares Dividend
Market Wire - September 01, 2006 4:00 PM ET
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Blackout Media Corp. (PINKSHEETS: BKMP) is pleased to announce that the Board of Directors has declared a preferred stock dividend, payable to shareholders of record of September 15th, 2006. The preferred stock dividend will consist of ten thousand (10,000) preferred shares of Blackout Media Corp. for every one (1) share of Blackout Media Corp. common shares held on September 15th, 2006. The ex-dividend date will be set by the NASDAQ.
The preferred shares when issued will be freely tradable and non-restricted.
The Company's Board of Directors characterizes this stock dividend as rewarding the shareholders of Blackout for their loyalty and dedication to the betterment of the company.
"As we more forward with The Fight Network and its related assets we wanted to thank the shareholders for their support and to give them something back," says Sandy Winick, president of Blackout.
About Blackout Media Corp.:
Blackout Media Corp. is a holding company with an interest in Blackout Communications who is a diversified media and entertainment company conducting operations in digital television, VOD, PPV, radio, the Internet and print under the brand name "The Fight Network." The activities of Blackout Media Corp. are conducted principally in Canada and the United States.
Safe Harbor
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Investor Relations:
CONTACT:
Blackout Media Corp.
Telephone 416.987.2133
Fax 416.348.9418
E-mail ir@blackoutmedia.com
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