Blackout Media Corp BKMP) is pleased to
inform its shareholders that in accordance to the action by the Board of
Directors announced in December of 2005 that it has commenced the purchase
of shares in the open market.
"We feel that market conditions are such that buying shares out of the
market to retire is a prudent use of corporate funds," stated Sandy Winick,
President of Blackout. "The future for the company looks very bright and
our involvement with Blackout Communications and The Fight Network
continues to strengthen and move forward, we are confident that this will
only enhance the company's overall share value."
"We hope that we can purchase a majority of the shares in the next few
weeks," he added.
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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