ZoomerMedia Limited
TSX VENTURE : ZUM

ZoomerMedia Limited

February 19, 2010 17:28 ET

ZoomerMedia Grant Stock Options

TORONTO, ONTARIO--(Marketwire - Feb. 19, 2010) - ZoomerMedia Limited ("Zoomer") (TSX VENTURE:ZUM) is pleased to announce that it has granted a total of 7,300,000 options to various officers, directors, consultants and employees under the stock option plan of Zoomer. 6,700,000 options granted to certain directors and officers of Zoomer shall only vest upon the completion of the asset acquisitions as further described in Zoomer's press release dated January 25, 2010 (the "Acquisitions"). One-third such options are exercisable at $0.135 per option and vest on the day that is one year following the completion of the Acquisitions, one-third of such options are exercisable at $0.15 per option and vest on the date that is two years following the completion of the Acquisitions and one-third of such options are exercisable at $0.20 per option and vest on the date that is three years following the completion of the Acquisitions. 

Of the remaining 600,000 options, 200,000 of these options are exercisable at $0.135 per option and vest on February 18, 2011, 200,000 of these options are exercisable at $0.15 per option and vest on February 18, 2012 and 200,000 of these options are exercisable at $0.20 per option and vest on February 18, 2013.

The grant of all options remains subject to regulatory approval.

About ZoomerMedia Limited

Zoomer publishes Zoomer Magazine, the largest paid circulation magazine in Canada for the mature market. Published nine times a year, Zoomer Magazine has a paid circulation of approximately 180,000 and places approximately a further 30,000 copies on newsstands.

Zoomer also derives royalty revenue through the provision of exclusive marketing and membership services to CARP, A New Vision of Aging for Canada.

Zoomer is also Canada's leading provider of online content targeting the 45 plus age group. It's portfolio of web sites and electronic newsletters delivers over 2 million page per views per month. The key property is www.50plus.com, which offers a wide range of information, entertainment, community connection (forums, dating, blogs) and commerce together with four electronic newsletters (health, money, travel, lifestyle), each of which has over 120,000 opt-in subscribers.

Zoomer also produces and manages www.carp.ca, the online home of CARP. With approximately 350,000 members, CARP is Canada's largest association for the 45 plus. Zoomer also produces CARP Action Online, an electronic newsletter for CARP members.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • ZoomerMedia Limited
    George Kempff
    Vice President and Chief Financial Officer
    416-607-7735
    g.kempff@zoomermedia.ca