Replies to post #133070 on Blackout Media Corp (BKMP)

[Rasica]

Janice...Here's your elucidation...........................


Blackout Media Corp. Clarifies Preferred Share Dividend

TORONTO, Sep 07, 2006 (MARKET WIRE via COMTEX) -- Blackout Media Corp.

(PINKSHEETS: BKMP), on September 1st, announced that the Board of Directors has

declared a stock dividend, payable to shareholders of record of September 15th,

2005. The dividend will consist of ten thousand (10,000) free preferred shares

of Blackout Media Corp. for every one (1) shares of BKMP held on September 15th,

2005.


Many shareholders are confused about this dividend; the following answers should

help clarify the dividend:


1. Yes, the press release is correct: for every one common share of BKMP you

will receive 10,000 preferred shares as long as you are a shareholder of record

on the 15th of September.


2. For example, if you own 1,000,000 shares on the ex-dividend date you would

get 10,000,000,000 preferred shares.


3. The preferred shares will have there own CUSIP number and trade separately

under their own symbol as preferred shares -- different from the common shares.


4. NO, this is not an option; this is an outright grant to all shareholders. You

have to do nothing, they will appear in your account a few weeks to a month

after the 15th. I can't tell when they will appear; that is up the DTCC in New

York and your brokerage firm.


5. The value of the shares is whatever the market assigns to the shares, it is a

free market and they will assign a fair value to them. I can't tell you what it

will be; that is not up to me.


6. A preferred shares is a non-voting stock that is similar to a debt

instrument.


7. If you are a shareholder now you have common shares.


8. The preferred shares will be free trading shares.


9. A new symbol will be assigned by the NASD some time in the future; again I

can't tell you when but we are anticipating some time this month.


10. The ex-dividend date will be set by the NASD, and as long as you own the

common shares of BKMP on the ex-dividend date you will be a shareholder of

record and you will be entitled to the dividend.


11. You will not be diluted by this dividend, because the preferred shares are

non-convertible and non-voting; they do not affect the outstanding common shares

of the company and as they will trade under a totally separate symbol your

present common shares will continue to trade under the symbol of BKMP.


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.




Media Contacts:





Investor Relations Contact:


Tim Foster


OEB International


Public Relations/Public Affairs


Tel: [phone]


Fax: [phone]


E-mail: [e-mail]


SOURCE: Blackout Media Corp.





CONTACT: mailto:[e-mail]






Copyright 2006 Market Wire, All rights reserved.


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SUBJECT CODE: Media and Entertainment:Music and Radio


Telecom:Cable and Satellite Services


Media and Entertainment:Television