SOURCE: Blackout Media Corp.

May 01, 2007 12:59 ET

Preferred Share Conversion Comes to an End

TORONTO -- (MARKET WIRE) -- May 1, 2007 -- Blackout Media Corp. (PINKSHEETS: BKMP) is pleased to inform its shareholders that the preferred share program to convert to restricted common shares has come to an end as of April 30th, 2007.

The total number of shareholders who converted their preferred shares to restricted common shares was a relatively small percentage compared to those who had the opportunity to convert but chose not to.

"It is nice to put this chapter behind us and now we can focus on the future of the company and the future of The Fight Network," stated Sandy Winick, President of Blackout.

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.
    Telephone 416-987.2133
    Fax 416 348.9418
    E-mail ir@blackoutmedia.com