Big Stick Media Corporation
TSX VENTURE : BSM

Big Stick Media Corporation

April 29, 2008 09:00 ET

Big Stick Media Announces Closing of Don Best Sports Acquisition

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 29, 2008) - Big Stick Media Corporation ("BSM" or the "Company") (TSX VENTURE:BSM) is pleased to announce that, effective as of today's date, it has consummated the transaction which was announced on March 27, 2008 involving the purchase of all of the issued and outstanding shares of Corcom, Inc. ("Corcom"), a Nevada-based corporation, which operates the Don Best Sports information service business (the "Corcom Transaction") from SkillJam technologies Corporation ("SkillJam").

BSM's CEO, Christopher Kape, stated, "We are very excited to have completed the acquisition of Don Best Sports. The transaction represents an ideal purchase for BSM in that it will allow us to assume a commanding position in the market for the sale of live sports information and we expect that the revenues will be immediately and materially accretive to our bottom line. Once we combine Don Best Sports with our existing Linetracker product, we anticipate that the combined operations will generate very healthy operating cash flow that can be used to fuel future growth initiatives. The Don Best acquisition clearly represents a significant milestone in our company's history."

The Corcom Transaction represents an arm's length transaction with no related party issues associated therewith. As well, no finder's fee was payable in association with the Corcom Transaction. Following the acquisition, Corcom is now a wholly owned subsidiary of BSM and it is envisioned that Corcom will be self-sufficient in terms of managerial direction, financing and accounting.

In conjunction with the closing of the Corcom Transaction, the Company closed a non-brokered private placement in the aggregate amount of USD $9.25 million. The private placement consisted of the issuance of two forms of securities as follows:

1. the issuance of 26,250,000 common shares each at a price of USD $0.20 per share to five (5) unrelated placees; and

2. the issuance of USD $4,000,000 of convertible debentures each having a term of three years, an annual interest rate of 5% and conversion rights into common shares of BSM at a per share conversion price of USD$0.25 for the term of the debentures. In addition, BSM issued to the purchasers of the debentures a total of 4,000,000 warrants to purchase common share of BSM at a price of USD$0.30 per share for a term of two years. The debentures have a first priority security interest in all of the assets and undertakings of Corcom. Three (3) unrelated placees purchased such debentures.

The gross proceeds of the private placement have been used to satisfy the cash consideration of the Corcom Transaction payable upon Closing as well as for required working capital purposes.

Pursuant to contractual arrangements with all of the placees, in conjunction with any hold periods required by law, the securities issued pursuant to the private placement will have a hold period of twelve months from the closing of the Corcom Transaction and any shares issued on exercise of any common share purchase warrant will similarly have a lock-up period of twelve months from the closing of the Corcom Transaction.

BSM has obtained Exchange approval for the Corcom Transaction as well as for the private placements.

Prior to the close of the Corcom Transaction, BSM had 70,263,240 issued and outstanding common shares and with the closing of the equity portion of the private placement, it now has 96,513,240 issued and outstanding common shares (not including the common share purchase warrants issued to SkillJam at Closing which provide for the issuance of an additional 22,500,000 common shares upon payment to BSM of nominal exercise consideration).

The Exchange has in no way passed upon the merits of the proposed transactions described herein and has neither approved nor disapproved the contents of this press release.

About Big Stick Media Corporation

Big Stick Media Corporation owns and operates a portfolio of assets that provide fact-based and opinion-oriented information relevant to the sports industry. These assets include websites, client-server software, publications and call centers. The Company generates revenues in a number of ways, including various direct to consumer services and direct to business sales through a portfolio of websites which includes www.JimFeist.com, www.Picksonline.com, www.Vegasonlinesports.com, www.OffshoreConnection.com and www.ScoresLinesPicks.com. Big Stick Media also operates Linetracker (www.linetracker.com), a state of the art, real-time sports information system for serious sports enthusiasts, handicappers and bettors. In addition, the Company operates various fantasy sports contests catering to all the sports enthusiasts through its fantasy sports website www.rotoplay.com.

Cautionary Statement

This press release may contain certain forward-looking statements with respect to the Corporation. These forward-looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially from those contemplated. We consider the assumptions on which these forward-looking statements are based to be reasonable, but caution the reader that these assumptions regarding future events, many of which are beyond our control, may ultimately prove to be incorrect. 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. Important factors that could cause actual results to differ materially from Big Stick Media Corporation's expectations are various risks detailed from time to time in the filings made by Big Stick Media Corporation with securities regulations.

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy and accuracy of this release.

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