ZoomerMedia Limited

ZoomerMedia Limited

August 14, 2009 13:13 ET

ZoomerMedia Limited Appoints Peter Palframan to Board of Directors

TORONTO, ONTARIO--(Marketwire - Aug. 14, 2009) - ZoomerMedia Limited (TSX VENTURE:ZUM) today announced the appointment of Peter Palframan to the Board of Directors.

Mr. Palframan is a Chartered Accountant and has been in the broadcasting industry for over 20 years. He was most recently the Senior Vice President of Operations for CHUM Television and was previously Vice President, Finance & Administration, CHUM Television and Vice President, Finance and Operations of Learning and Skills Television of Alberta. Peter assisted in negotiations that resulted in the privatization and acquisition of the provincial educational service, Access TV, and played a major role in the launch of Canadian Learning Television (CLT), BookTelevision and CourtTV Canada. Previously, Peter was, also Founding Vice-President, Finance for Vision TV and played a major role in the launch and operation of the channel.

"Peter is a perfect and timely addition to our Board of Directors" said Moses Znaimer, President and CEO of ZoomerMedia Limited. "We've worked together for years. His broad and in-depth knowledge of media, particularly television, will greatly enhance our ability to further develop and grow our multimedia assets."

About ZoomerMedia Limited

ZoomerMedia Limited (ZUM) publishes ZOOMER magazine, the largest paid circulation magazine in Canada for the mature market. Published nine times a year, ZOOMER magazine has a paid circulation of approximately 190,000 and places a further 30,000 copies on newsstands.

ZUM also derives royalty revenue through the provision of exclusive marketing and membership services to CARP, A New Vision of Aging for Canada.

ZUM is also Canada's leading provider of online content targeting the 45+ age group. A portfolio of web sites and electronic newsletters delivers over 2 million page per views per month. The key property is www.50plus.com, which delivers a wide range of information, entertainment, community (forums, dating, blogs) and commerce together with four electronic newsletters (health, money, travel, lifestyle), each of which has over 120,000 opt-in subscribers.

ZUM also produces and manages www.carp.ca, the online home of CARP. With 350,000 members, CARP is Canada's largest association for the 45+. ZUM also produces CARP Action Online, an electronic newsletter for CARP members, and Zoomers.ca, a social networking site for grownups.

Cautionary note on forward looking statements

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Certain statements made in this report are 'forwardlooking statements' which may include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain the words 'believe', 'anticipate', 'expect', 'estimate', 'project', 'will be', 'will continue', 'will likely result' or similar words or phrases. Forward-looking statements involve risks and uncertainties, which may cause actual results to differ materially from the forward-looking statements. The risks and uncertainties are detailed from time to time in filings by ZoomerMedia Limited with provincial securities commissions. New risk factors emerge from time to time and it is not possible for management to predict all such risk factors, nor can it assess the impact of all such risk factors on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Such risks, uncertainties and other factors include, but are not limited to, the following:

- the risks inherent in magazine publishing generally;

- the risks inherent in the operation of Internet media properties generally;

- the Company's dependency on a few large customers;

- the competition within the media industry for the baby boom generation's business;

- the risks associated with governmental regulation of the publishing and internet businesses;

- the results of legal claims made by or against the Company;

- the risk of managing the current revenue growth rate;

- the dependence of the business on the continuing operation of its computer systems; and

- the dependence on key personnel.

Given these risks, and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. ZoomerMedia Limited does not intend and does not assume any obligation to update these forward-looking statements.

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

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