SOURCE: Blackout Media Corp.

September 07, 2007 09:00 ET

The Fight Network Announces New Financing, Leadership, to Propel Global Expansion Strategy

Industry Vet George Burger Named CEO, Mayhem Media Corp. Leads Financing

TORONTO--(Marketwire - September 7, 2007) - Blackout Media Corp.'s (PINKSHEETS: BKMP) The Fight Network -- the world's first "all fights-all the time!" combatant sports and entertainment channel -- announced today that new financing has been injected into the company by Mayhem Media Corp., led by Loudon Owen, chairman of McLean Watson Capital, and Ed Nordholm, media industry advisor and financier. George Burger, most recently the leader of Spotlight Television Inc.'s bid to introduce competition into the premium Pay TV market in Canada, and formerly Executive Vice President of Alliance Communications Corp.(later Alliance-Atlantis Communications Ltd.), has been named President and Chief Executive Officer.

"We are very excited to enter into the next stage of expansion of The Fight Network," said Mike Garrow, co-founder of the company. "We have established ourselves as one of the fastest growing sports brands in Canada, with a multi-platform strategy that leverages our content on digital television, pay-per-view and VOD, mobile, radio and online. The support of Mayhem Media and George's leadership will help us build our presence on those platforms, and export the brand around the world."

Launched in September 2005, The Fight Network is available on virtually every digital cable and satellite carrier across Canada. The Fight Network is also available in a unique online offering to subscribers worldwide through its relationships with global broadband distributors such as Joost and Veoh, as well as on Fight Mobile, carried by Sprint, Cingular, Verizon, Telus and Bell Mobility across North America. In addition, its weekly radio show The LAW (Live Audio Wrestling) is heard on terrestrial stations in Toronto, Ottawa, Calgary, Edmonton and Vancouver, and online, and its daily show Fight Network Radio, hosted by Mauro Ranallo, can be heard on Sirius Radio Channel 186 across North America. Its news content and exclusive merchandise is also marketed on its website, www.thefightnetwork.com.

"We have been enthusiastic supporters of The Fight Network since its inception, and have watched The Fight Network team execute Garrow's vision flawlessly," said Ed Nordholm. "The company has established its brand in all major sports platforms in Canada, and we particularly look forward to projecting the brand internationally from our base in Toronto. George is an experienced industry executive with the vision and skills, and the international experience and relationships, to lead this terrific team."

"This is a tremendously exciting opportunity," said Mr. Burger. "The timing is perfect. Mike saw the potential of combatant sports, and mixed martial arts (MMA) in particular, as a standalone sports package well before the explosion in popularity of MMA. The Fight Network is now uniquely positioned to lead the growth of the sport worldwide, and we are already pursuing opportunities in key markets. Meanwhile, there is plenty of room for growth right here at home, and we have the people that will ensure we execute all growth opportunities."

About The Fight Network

The Fight Network is a multi-platform sports and entertainment company, providing its content to fight fans on digital television, pay-per-view, VOD, radio, mobile and online.

The Fight Network is the global leader in coverage of all combatant sports, including Mixed Martial Arts (MMA), Boxing, Wrestling and Kickboxing and theme-related entertainment, through its 24/7 dedication to the sports. The Fight Network enjoys the support, insights and star-power of leading MMA, Boxing and Wrestling personalities, including two of MMA's leading lights, world renowned official "Big" John McCarthy and the current UFC Heavyweight Champion Randy "The Natural" Couture, The Fight Network's ambassador to the world, who provide on-air analysis for the network.An unmatched mix of combatant action, fight news and riveting entertainment, The Fight Network will be Canada's first non-music specialty channel to export its brand. The Fight Network Inc. is a wholly owned subsidiary of TFN Global Inc.(formerly Blackout Communications Inc.), whose corporate headquarters are located in Toronto, Canada. The Fight Network can be found online 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.

Contact Information

  • Investor Relations:

    CONTACT:
    Blackout Media Corp.
    Fax 416 348.9418
    E-mail ir@blackoutmedia.com

    Media Contacts:
    Stephen Murdoch
    OEB International c/o The Fight Network Inc.
    Public Relations/Public Affairs
    Tel: (905) 682-7203 extension 22
    Fax: (905) 682-7481
    E-mail: smurdoch@oeb.com

    URL: www.thefightnetwork.com