Blackout Media Corp (BKMP)

[analyzethis]

Cammi, I bolded where I received my info from. With no stated number I have to believe they are buying back the majority of the OS.

Blackout Media Corp. Announces That It Has Commenced Its Share Buy-Back Program
Thursday April 27, 11:31 am ET


TORONTO--(MARKET WIRE)--Apr 27, 2006 -- Blackout Media Corp (Other OTC:BKMP.PK - News) 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.



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Source: Blackout Media Corp.