Brighter Minds Media, Inc.

Brighter Minds Media, Inc.

March 18, 2009 11:47 ET

Brighter Minds Media, Inc.: Press Release

TORONTO, ONTARIO--(Marketwire - March 18, 2009) -


Brighter Minds Media, Inc. ("Brighter Minds" or the "Company") (TSX VENTURE:BRI) today announced that it has closed a convertible debt financing of $35,000 of available funds. The debt instrument carries an interest rate of 15% and is convertible at the option of the holder into common shares of the Company at $0.05 per common share. The Company is restructuring operations and the proceeds of the financing will be used for working capital purposes during this process.

The Company is also pleased to announce the appointment of Chris Irwin as a director. The Company also announces the resignation of directors' Sam Ifergan, Elaine Kierans, Richard Pam, Harold Wolkin, Peter Friedmann, Anthony Bordon and Greg Bestick and the resignations of officers Richard Pam as CEO, Kevin Hess as CFO and Leslie Nochomovitz as Treasurer.

Forward-looking Statements

This document may contain forward-looking statements relating to Brighter Mind's operations which are based on Brighter Mind's operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond Brighter Minds's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements including the Company's ability to compete directly against North American and international companies in the market segments in which it operates; seasonal variations in the Company's revenues; its ability to expand its product lines; its ability to maintain strategic relationships with third-party licensees, licensors and distributors; its dependence on key customers and contracts; and its ability to protect its intellectual property. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. Brighter Minds disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Brighter Minds Media, Inc.

Brighter Minds is a publisher of online and multimedia materials for the whole family with a focus on creating a wholesome online environment for children and the family. Brighter Minds is also proud to offer a fun and educational line of retail products including software and books. Brighter Minds' products are available online and at major retailers across the United States and Canada. Brighter Minds Media, Inc. is publicly traded on the TSX Venture Exchange (TSX VENTURE:BRI) and is a Hargan Ventures ( investee company. More information about Brighter Minds can be found at

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

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