Replies to post #29390 on Blackout Media Corp (BKMP)

[Pennypicks]

sunny - Clarification of Ownership


Press Release Source: Blackout Media Corp.


Blackout Media Clarification of Ownership
Tuesday January 17, 9:00 am ET


TORONTO--(MARKET WIRE)--Jan 17, 2006 -- Blackout Media Corp. (Other OTC:BKMP.PK - News) -- The Board of Directors would like to clarify the ownership interest that Blackout Media has in Blackout Communications as it seems to be an area of confusion to investors. Blackout Media owns 20% of Blackout Communications, a private Canadian company who in turn owns The Fight Network, also a private Canadian company. The Fight Network holds the license granted by the CRTC to broadcast the digital channel in Canada. We apologize if there was any confusion or misleading information as to the ownership interest, and we hope this clarifies it for all shareholders.
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. www.blackoutmedia.com (coming soon).

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[Pennypicks]

Sunny - then this happened next

Blackout Media Inc. Announces It Has Purchased an Interest in Another New Digital Specialty Network in Canada -- THE WAGERING NETWORK
Wednesday January 25, 9:00 am ET


TORONTO--(MARKET WIRE)--Jan 25, 2006 -- Blackout Media (Other OTC:BKMP.PK - News) announced today that it has completed its purchase of a 20% stake in another new specialty digital network called The Wagering Network - TWN, through Blackout Communications Inc. for an undisclosed amount of stock and cash.
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Blackout Communications is a new media company dedicated to providing new and innovative products in the television, radio, publishing, music and interactive spaces, to the masses.

"Welcome To The Wagering Network," a new 24-hour specialty service dedicated to giving fans of gambling and wagering an all-inclusive source for all their wagering and betting needs.

This channel, unlike any other channel that exists today, will be sports fans' one stop to get all the information to bet on any event worldwide. The channel will offer lines on every event around the globe, no matter what it is or where it is happening, plus information and how-to programming on the art of wagering.

TWN-The Wagering Network has established, as its goal and mission, to create a unique and highly innovative specialty service that wagering fans from around the globe will come to identify as the number one brand in broadcasting as the source for information in the world of gambling.

More about The Wagering Network Inc.:

The Wagering Network Inc. was granted a Category 2 broadcast license to operate in Canada a twenty-four hour specialty channel to be billed as: TWN-The Wagering Network.

This license was approved by the Canadian Radio and Television Commission ("CRTC") which is the governing body in Canada that legislates and approves the operating of broadcast services.

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. www.blackoutmedia.com (coming soon).

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