Knightscove Media Corp.

Knightscove Media Corp.

November 26, 2010 15:26 ET

Knightscove Media Corp. Reports Positive Change in Shareholder Equity and Continued Debt Reduction in Q3 Financials

TORONTO, ONTARIO--(Marketwire - Nov. 26, 2010) - Knightscove Media Corp. (TSX VENTURE:KC.A)(TSX VENTURE:KC.B) ("Knightscove") today filed its unaudited Q3 Financials and is pleased to report that the Company's continued focus on streamlining operations and expenses has resulted in taking the company from a $1 Million negative shareholder equity at December 31, 2009 to a $125,000 positive shareholder equity for the nine months ended September 30, 2010.

Knightscove has implemented multiple internal changes throughout the year, including in its manufacturing and production mix, which has resulted in lower risk and increased profit margins with lower return rations.

Fourth quarter sales and delivered product are expected to help strengthen the Company's performance further for its year end.

Knightscove's unaudited Q3 Financials and MD&A are available on SEDAR for review.

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

Contact Information

  • Knightscove Media Corp.
    Leif Bristow
    President and CEO
    (416) 444-7900 x222