FRV Média Inc.
TSX VENTURE : FRV

FRV Média Inc.

May 25, 2005 13:05 ET

FRV Media Completes the Acquisition of Distribution La Fete

MONTREAL, QUEBEC--(CCNMatthews - May 25, 2005) - FRV Media Inc. ("FRV Media") (TSX VENTURE:FRV) today announces that it has completed the acquisition of the assets of Distribution La Fete inc. ("DLF"), disclosed last April 11. These assets are now the property of FRV Media's wholly-owned subsidiary FRV Media International Inc. ("FRV International").

The acquisition is completed for an immediate cash consideration of $500,000, and an additional cash consideration of a maximum amount of $500,000 over two years, provided certain pre-set sales objectives are met over the next two years.

In addition to these high-quality assets, FRV International inherits DLF's 4-member team, including Ms. Xia Juan Zhou, a seasoned professional with more than 15 years of experience in television programming distribution, who will remain with the company as Vice-President, Distribution. Mr. Richard Laferriere, president of FRV Media International, is proud to be welcoming this team, which has developed a solid expertise in the acquisition and marketing of audiovisual works and rights, as well as a client base and a network of partners that spans the globe.

This acquisition triggers the deployment process of FRV Media's distribution and international exporting activities that the company plans to achieve following last fall's joint, $6 million investment by the Solidarity Fund QFL (the "Solidarity Fund") and the Fonds de developpement de la CSN pour la cooperation et l'emploi ("Fondaction CSN").

Distribution La Fete: a quality library

Founded by Rock Demers over 20 years ago, DLF and its team are well known on the international audiovisual market, with clients in Canada, the U.S., Latin America, Europe, the Middle East, Africa and Asia. Annual sales averaged $2.5 million over the last five years.

DLF's main asset is a catalogue of more than 150 titles totalling hundreds of hours of audiovisual programming and encompassing a wide variety of genres: feature films, drama series, animated series and documentaries.

The highlight of the catalogue is the 21 feature-film Tales for All collection (The Dog Who Stopped the War, Bach and Broccoli, The Peanut Butter Solution, Tadpole and the Whale, Tommy Tricker and the Stamp Traveller, as well as the current release Daniel and The Superdogs), which has garnered more than 190 awards worldwide. The DLF catalogue also includes documentaries and documentary series (Pierre Elliott Trudeau: Memoirs, Fire Station, Why Havel?, etc.), animated works (Iris the Happy Professor, Little Star, Turtle Island, etc.), dramatic series (Gold, More Tales of the City, etc.) and feature films (Mrs. Wheelbarrow, Silencing the Guns, La vie d'un heros, etc.).

FORWARD-LOOKING INFORMATION

This press release contains forward-looking statements reflecting the objectives, estimates and expectations of FRV Media Inc. These statements are identified by the use of verbs such as "believe," "anticipate," "estimate" and "expect" as well as the use of the future or conditional tense. By their very nature, these types of statements involve risks and uncertainty. Consequently, results could differ materially from the Company's projections or expectations. For information on the nature of risk factors not specifically discussed in this press release, the reader is invited to consult FRV Media's Annual Report for the year ended March 31, 2004, under the heading "Risks and Uncertainties," page 11.

ABOUT FRV MEDIA

FRV Media Inc. is a producer, exporter and integrator of quality content deployed across multiple platforms: television, cinema, multimedia and publishing. Through its wholly owned subsidiaries Cite-Amerique, Altau.tv, the INEO Group and FRV Media International, the Company creates and distributes dramatic content (TV series, made-for-TV movies and feature films), youth programs, children's programs, documentaries, sitcoms, magazine-style series and education, training and career-planning information. It is also involved in dubbing and event coverage and recording.

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

Contact Information

  • FRV Media Inc.
    Alain Dufour
    Vice-President and Chief Financial Officer
    (514) 843-3355
    or
    La Fete
    Rock Demers
    President and CEO
    (514) 848-0417