CD ROM Network Corp.

October 20, 2010 17:42 ET

Shareholder Acquires Over 10% Common Shares of CD ROM Network Corp.

TORONTO, ONTARIO--(Marketwire - Oct. 20, 2010) - Bruce Wright, Director of CD ROM Network Corp. ("CD ROM" or the "Company") would like to announce that he has acquired a total of 1,000,000 units of CD ROM (the "Units") at a price of $0.05 per Unit on October 8, 2010. Each Unit consists of one common share and one common share purchase warrant (the "Warrant"). Each Warrant entitles the holder to purchase one common share at $0.10 expiring October 8, 2012. 640,000 of the 1,000,000 Units were converted from recent advances to the Company from Mr. Wright at a conversion price of $0.05 per Unit, and 360,000 of the 1,000,000 Units were acquired directly from the Private Placement of the Company.

As a result of the acquisition, Mr. Wright now holds 1,000,000 common shares of CD ROM representing 14.91% of the outstanding common shares of the Company.

An Early Warning Report respecting this acquisition has been filed on the System for Electronic Document Analysis and Review ("SEDAR") and can be viewed at www.sedar.com.

Mr. Wright acquired the shares referred to above for investment purposes only. The investments will be reviewed on a continual basis, and Mr. Wright's holdings may be increased or decreased in the future, depending upon economic or market conditions or matters relating to Company.

Contact Information