SOURCE: JumpTV Inc.

February 26, 2008 07:00 ET

JumpTV Comments on Share Price

TORONTO--(Marketwire - February 26, 2008) - JumpTV Inc. (TSX: JTV) (AIM: JTV), a world leading broadcaster of sports and international television over the Internet, responded today to shareholder enquiries regarding its share price.

The Company advises that there have been no corporate developments that would explain the recent decline in stock price.

JumpTV's stock price closed at $.78 per share on Monday, February 24, 2008 representing a market capitilization of approximately US$38.2 million.

JumpTV recently reported that as of December 31, 2007 the Company had approximately US$51 million of cash (or US$1.04 per share).

JumpTV also noted that the latest disclosure of short positions dated February 15, 2008 reported that 1,374,038 JumpTV shares were sold short in the period from February 1 to February 14 representing 57% of the total 2,407,300 shares traded during that time frame.

About JumpTV

JumpTV (www.jumptv.com, www.collegesportsdirect.com) is a world leading broadcaster of sports and international television over the Internet. JumpTV streams over 10,000 live sports events per year in partnership with over 185 sports properties and also streams over 250 television channels from 70+ countries around the world. JumpTV delivers its users full-screen sports, news and entertainment content on a real-time basis to all corners of the globe via ordinary Internet connections on their home computers and laptops.

Contact Information

  • G. Scott Paterson
    Executive Chairman
    JumpTV Inc.
    416-368-6464
    Email Contact

    Chris Bowman
    Andrew Chubb
    Canaccord Adams Limited
    +44 207 050 6500

    Lewis Goldberg
    KCSA Worldwide
    T: 1.212.896.1216