SOURCE: Blackout Media Corp.

May 03, 2006 09:00 ET

Blackout Media Corp. Announces That It Has Purchased More Shares Pursuant to Its Share Buy-Back Program

TORONTO -- (MARKET WIRE) -- May 3, 2006 -- Blackout Media Corp (OTC: BKMP) is pleased to inform its shareholders that it has purchased another 136,000,000 shares as part of the stock buy back program, this in addition to the 161,000,000 shares it announced on May 1st, 2006 that was purchased by the company, bringing the total share purchased pursuant to the share buy back plan to 297,000,000.

"We will continue to purchase shares at these levels and add to the corporate holdings of the company," stated Sandy Winick, President of Blackout. "Based on the numbers and market conditions we might even increase the share buy back program past the one (1) billion shares already committed for," he added. "A decision on that will be made in next few weeks."

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.

Contact Information

  • Investor Relations:
    Blackout Media Corp.
    Telephone 416-987-2133
    Fax 416-348-9418