SOURCE: Blackout Media Corp.

March 22, 2007 09:00 ET

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

TORONTO -- (MARKET WIRE) -- March 22, 2007 -- Blackout Media Corp. (PINKSHEETS: BKMP) is pleased to inform its shareholders that it has purchased 406,000,000 shares as part of the initial stock buy-back.

"It has always been our commitment to increase shareholder value in our company and to try and maximize our investment," stated Sandy Winick, President of Blackout Media. "It is our intention to show the shareholders and the investment community how serious we are with respect to increasing the shareholder value in our company."

"With the recent announcements of the content distribution agreements by The Fight Network, our investment that we have in Blackout Communications has again, we feel, increased in value. As The Fight Network continues to build the company and its brand, the value of our investment will also continue to grow," commented Sandy Winick - President of Blackout Media.

About Blackout Media Corp.:

Blackout Media Corp. is a holding company with an interest in Blackout Communications, which 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.

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