Big Stick Media Corporation

Big Stick Media Corporation

January 29, 2010 17:59 ET

Big Stick Media Corporation Announces Renegotiation With Lenders

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 29, 2010) - Big Stick Media Corporation ("BSM" or the "Company") (TSX VENTURE:BSM)announces that it may not be able to meet its repayment of debt and interest obligations to those convertible debenture holders that participated in the April, 2008 financing. The Company is therefore proceeding to renegotiate with a view to restructuring the remaining payments including the next scheduled payment of principal and interest, in the approximate aggregate amount of $537,500, which becomes due on February 28, 2010. All of the prior periodic debt obligation payments with respect to this facility have been fully satisfied.

Additional information about BSM is available under the company's profile at

As at the date hereof BSM has 23,992,020 issued and outstanding common shares.

About Big Stick Media Corporation

BSM 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. BSM generates revenues in a number of ways, including various direct to consumer services and direct to business sales through a portfolio of websites, the most significant of which are,, and BSM also operates the Don Best Sports real-time sports information systems for serious sports enthusiasts, handicappers and bettors.

Cautionary Statement

This press release may contain certain forward-looking statements with respect to the Company. 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.

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 and accuracy of this release.

Contact Information

  • Big Stick Media Corporation
    Christopher S. Kape
    Chief Executive Officer
    (604) 630-6550 ext. 111