Kam and Ronson Media Group Inc.
TSX VENTURE : KMG

April 20, 2009 15:41 ET

Kam and Ronson Media Group Inc. Announces Results of Shareholders' Meeting

TORONTO, ONTARIO--(Marketwire - April 20, 2009) - Kam and Ronson Media Group Inc. (TSX VENTURE:KMG) (the "Company") is pleased to announce that Kam Chak Man, Jane Leung, Gregory Hansen, Wise Wong, Sam Kwan and John Wong were elected to its Board of Directors at the 2009 Annual and Special Meeting of its shareholders held on April 3, 2009, by a vote of more than 99% of votes cast.

In addition to electing all of the Board nominees proposed by management, at the April 3, 2009 meeting the shareholders approved (by a vote of more than 99% of votes cast) all of management's proposals, including the appointment of CLW Partners LLP as auditor of the Company, the re-approval of the Company's stock option plan, and a consolidation of the Company's common shares (the "Common Shares") as at a record date and effective date determined by the directors of the Company. It is contemplated that the Common Shares would be consolidated such that one (1) new Common Share would be issued for every five (5) Common Shares outstanding on the effective date of the consolidation, or such lower number of Common Shares as may be determined by the directors of the Company and as may be required to obtain approval of the share consolidation from the TSX Venture Exchange. The Company believes that the completion of a share consolidation would facilitate future financings by the Company, as these would be accomplished through the issuance of additional Common Shares. The Company currently has 31,979,999 Common Shares outstanding. If the share consolidation is completed on a five (5) to one (1) basis, the Company would have approximately 6,395,999 Common Shares outstanding, post-consolidation. The proposed share consolidation is subject to the approval of regulatory authorities, including the TSX Venture Exchange.

Following the shareholders' meeting, the Board of Directors elected the following persons as the Company's officers for the ensuing year (all of whom, with the exception of Angela Woo, previously served as officers of the Company): Kam Chak Man (President and CEO), Jane Leung (Senior Vice President - Operations), Betty Poon (CFO), and Angela Woo (Secretary).

About the Company

The Company is listed and trading on the TSX Venture Exchange under the symbol "KMG". The Company is a leading home entertainment distribution company in Hong Kong, S.A.R. engaged in the business of distribution, wholesale and retail sale of home video program titles in VCD and DVD formats, musical titles in CD and Super Audio DC formats, and recorded live concerts and events programs in CD, VCD and DVD formats.

CAUTIONARY STATEMENT

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

The foregoing information may contain forward-looking statements relating to the future performance of the Company. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

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

Contact Information

  • In Canada:
    Kam and Ronson Media Group Inc.
    Mr. Sam Kwan, CA, CPA
    Director
    (514) 796-8133
    or
    In Hong Kong:
    Kam and Ronson Media Group Inc.
    Ms. Betty Poon
    CFO
    (852) 9308-9004