SOURCE: Blackout Media Corp.

February 26, 2008 10:23 ET

Blackout Media Corp. Issues Letter to Shareholders

BANGKOK, THAILAND--(Marketwire - February 26, 2008) - Blackout Media Corp. (PINKSHEETS: BKMP) wishes to announce that it has issued a letter to shareholders from President Samai Singjan. The text of the letter appears below.

Dear Shareholders:

It has been almost a year since your last communication via a shareholders letter to you to bring you -- our shareholders -- up to date with the many positive occurrences that have been happening with our interest in The Fight Network.

Here are a few of the highlights:

Television

TFN continues to develop and expand out its television offering world wide -- some of the highlights are:

North America

Canada:

There have been several new developments for TFN in Canada during the last seven months -- the highlights of those developments are:

    1.  The move of TFN from Nimiq2 to Nimiq1 on the Bell ExpressVu
        satellite system -- this will result in TFN having access to an
        additional 1.8 million digital homes that can access the service.
    2.  The launching of TFN on MTS in Manitoba -- the 9th largest delivery
        platform in Canada -- they are an IPTV provider.
    3.  The launching of TFN on Bell Aliant in Central and Eastern Canada.

The growth rate of new subscribers month over month is continuing to do well across all systems in Canada, exceeding projections.

United States

TFN is still working on forging our relationships with the major carriers in the United States. Several new developments are unfolding for TFN in this area and it hopes to have some news in the weeks and months ahead on this.

TFN is still supplying one hour of programming to America One per week -- seen in over 20,000,000 American homes.

Mexico

TFN should be finalizing representation in Mexico shortly and should have some news flowing from there in the not to distant future.

International:

England

TFN has launched its service in the UK taking over TWCFight's channel on BskyB channel 427 as of January 15, 2008. The launch has been a quiet launch, but ratings have increased since the re-branding of the channel.

South America

TFN is proceeding with its strategy in moving forward in this region and there office is continuing to pursue carriage arrangements in the region.

Australia

TFN is continuing to pursue this opportunity and they are still confident that a carriage arrangement will be in place by the end of 2008.

Europe

TFN is still pursuing the many opportunities in Europe.

MENA

TFN is working with a group in this territory to open up opportunities in the Middle East & Northern Africa.

Overall international expansion is still a major initiative of TFN and they hope to finalize a number of these in the next 12 to 24 months and have presence in every corner of the globe before the end of this decade.

Fight Network Radio.

The LAW -- "Live Audio Wrestling" had its best rating quarter to date ending September 30th, 2007 and has seen its share of the market grow on Sunday nights.

TFN Radio launched a daily one hour Fight talk show on Sirius Satellite Radio on channel 186 -- live Monday to Friday from 3 - 4 pm EST, hosted by Mauro Ranallo and it has gotten very good feedback.

Fight Mobile

Fight Mobile WAP application is doing well on the 5 carriers it is presently up on.

TFN has been in talks with a number of companies about offering video content on the mobile phone and should see some movement in that area over the next 12 months.

Fight Mobile video content has launched in Spain on Vodaphone and in Thailand on AIS, with more carriers coming on board in the very near future.

Fight Network Online.

The Fight Store has added several new lines to its offering over the past several months -- Tapout, Throwdown, Sinister, and Affliction. And Fairtex equipment has been doing well.

The Fight Network now provides video to Yahoo in its MMA section and boxing sections of their sports pages as well they provide video and stories to foxsports.com in their MMA/Boxing section.

Fight Network -- Broadband

TFN has been able to expand to a number of online video sites that should result in greater exposure for the brand around the world -- these broadband opportunities allow for cross marketing and cross promotions as well as revenues. Some of the sites are Joost, Babelgum, Veoh, Brightcove and many others.

Programming

TFN launched its new fall schedule and added two new original productions -- Rough -- a behind the senses look at MMA and Wrestling Reality -- a wrestling reality show following several professional wrestlers in Atlantic Canada as well as TFN will continuing its live events offerings, such as the Pro-Elite, Versus Boxing and others.

TFN has added Knock-out news to its new programs -- it is a 2 minute daily update in the world of combatant sports hosted by Mauro Ranallo which can be seem on foxsports.com as well.

On-Air Personalities

TFN added a few months back "Big" John McCarthy to its roster. Big John is the most recognized name in the MMA world of referees as he has refereed over 500 fights with some of the sports biggest stars. Big John joins Randy Couture as celebrities that work for TFN.

Stock Buy-Back

The company has not purchased any more shares pursuant to the buyback program previously reported to shareholders.

Buyout/Merger

TFN had previously announced that it was being pursued as a acquisition by a major media company -- those talks resulted in several other potential suitors coming forward and upon review of the best opportunities for TFN to fulfill its goals TFN's board decided that going with Mayham Partners was the best option. It doing so TFN added industry veteran George Burger as its new CEO and President as previously announced. This arrangement with Mayham puts an end to any other merger or buyout talks that TFN were having.

Shareholder updates should be coming as opportunities are crystallized for TFN.

Our investment in TFN is a long-term investment and TFN is evolving into what we had hoped and anticipated it would. Our equity interest in TFN is increasing almost daily and should prove to be a very valuable asset for us.

Thank you.

Samai Singjan,
President -- Blackout Media Corp.

About The Fight Network:

The Fight Network is a cross-platform media company with brand interest in television, radio, mobile and web. All four of these media offerings are seamlessly integrated to offer fans of combatant sports and related entertainment a true convergence experience. The Fight Network Inc. corporate headquarters is located in Toronto, Canada. Additional information on the company can be found at www.thefightnetwork.com.

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.

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