Highlights for the Year

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ZoomerMedia Limited Announces Fourth Quarter and Year End Financial Results

(October 28, 2011)

TORONTO, ONTARIO -- (Marketwire) -- 10/28/11 -- ZoomerMedia Limited (TSX VENTURE:ZUM) (the "Company"), a leader in serving the interests of the 45+ "Zoomer" market, today announced it's financial results for the year ended June 30, 2011.

Highlights for the Year

-- Acquired the television properties Vision TV, Canada's only multi-faith specialty television service; ONE: the Body, Mind & Spirit Channel, offering programs on exercise, meditation, yoga, natural health and living a planet-friendly lifestyle; Joytv 10 in Vancouver and Joytv 11 in Winnipeg, two over the air conventional stations, available over the air and on cable in their respective markets on June 28, 2010 -- Acquired the radio stations CFMZ-FM Toronto - The New Classical 96.3FM, CFMX-FM Cobourg - The New Classical 103.1FM, Canada's only commercial classical music radio stations serving the Greater Toronto Area (GTA) and eastern Ontario, and CFZM-AM 740 Toronto - The New AM740 Zoomer Radio, the last music service left on the AM dial in the GTA on June 28, 2010 -- On June 28, 2010 acquired MZTV Production & Distribution, Zoomer Management Limited, a property located at 64 Jefferson Avenue in Toronto and the "ideaCity" conference. -- Completed a financing with Fairfax Financial Holdings Limited for $17.6 million on June 28, 2010. -- Moses Znaimer, President and Chief Executive Officer of the Company exercised warrants and subscribed for shares for a total of $3 million on June 28, 2010 -- Following the success of the Zoomer Show in Toronto in October 2009, introduced the Zoomer Show to Vancouver in November, 2010 -- On March 22, 2011 acquired the remaining minority held shares of ONE: the Body, Mind & Spirit Channel that were not acquired on June 28, 2010. Subsequently changed the name to ONE: the Body, Mind, Spirit & Love Channel -- Completed a private placement of 16,211,400 common shares at $0.25 per share for gross proceeds of $4,052,850 on April 5, 2011

Fourth Quarter Results


For the three months ended June 30, 2011 the Company had revenues of $15.2 million, operating expenses of $11.8 million, amortization of program rights of $3.3million and stock based compensation of $145,098. In addition the Company took a charge of $4.2 million on the impairment of program rights during the quarter. This results in a loss before depreciation, amortization, interest and taxes of $4.3 million. The net loss for the quarter was $7.3 million.

For the three months ended June 30, 2010, the Company had revenues of $3.2 million, operating expenses of $3.4 million with a net loss, after depreciation, amortization, interest and a tax recovery, of $2.1 million. Included in the after tax net loss are depreciation and amortization expenses, an impairment charge to goodwill and intangible assets, interest and tax recovery for a total net amount of $1.9million.

Year End Results

For the year ended June 30, 2011 the Company had revenues of $60.0 million, operating expenses of $40.6 million, amortization of program rights of $14.6 million and stock based compensation of $523,339. In addition the Company took a charge of $4.2 million on the impairment of program rights resulting in income before depreciation, amortization, interest and taxes of $80,237. Net loss for the year was $6.8 million.

For the year ended June 30, 2010, the Company had revenues of $10.3 million, operating expenses of $12.5 million with a net loss, before depreciation, amortization, interest, impairment charges and a tax recovery, of $2.2 million. Net loss for the year was $5.2 million.

On June 30, 2010 the Company acquired certain rights to television programming to be used in the television operations of the Company that were acquired on June 28, 2010. During the year the Company utilized this programming but at the end of the year it was determined much of the acquired programming no longer fit the direction and quality of programming the Company was planning for the future of the television operations. Therefore the Company took a charge of $4.2 million on the impairment of these program rights.

Additional Information

Detailed financial information and Management's Discussion and Analysis for the year ended June 30, 2011 can be found on SEDAR's website at www.sedar.com. The financial information included in this release is qualified in its entirety and should be read together with the audited consolidated financial statements for the year ended June 30, 2011, including the notes thereto.

About ZoomerMedia Limited

ZoomerMedia is a multimedia company that serves the 45plus "Zoomer" demographic through television, radio, magazine, internet and trade shows. ZoomerMedia's television properties include; Vision TV, Canada's only multi-faith specialty television service; ONE: the Body, Mind, Spirit and Love Channel, offering programs on exercise, meditation, yoga, natural health and living a planet-friendly lifestyle; Joytv 10 in Vancouver and Joytv 11 in Winnipeg, two over the air conventional stations, available over the air and on cable in their respective markets. ZoomerMedia's radio properties include CFMZ-FM Toronto - The New Classical 96.3FM, CFMX-FM Cobourg - The New Classical 103.1FM, Canada's only commercial classical music radio stations serving the Greater Toronto Area (GTA) and eastern Ontario, and CFZM-AM 740 Toronto - The New AM740 Zoomer Radio, the last music service left on the AM dial in the GTA. ZoomerMedia also publishes Zoomer Magazine, the largest paid circulation magazine in Canada for the mature market. ZoomerMedia is Canada's leading provider of online content targeting the 45plus age group through many properties, the key one being www.50plus.com. ZoomerMedia also has a trade show division that conducts annual consumer shows directed to the 45plus age group and owns ideaCity, an annual Canadian conference also known as 'Canada's Premiere Meeting of the Minds'.

Cautionary note on forward looking statements

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Certain statements made in this report are 'forward-looking 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; -- the risks inherent in the operation of Internet media properties; -- the risks inherent in the operation of television broadcast properties -- the risks inherent in the operation of radio broadcast properties -- the competition within the media industry for the baby boom generation's business; -- the risks associated with governmental regulation of the publishing, internet, radio broadcasting and television broadcasting 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.

Contacts:
ZoomerMedia Limited
George Kempff
Vice President and Chief Financial Officer
(416) 607-7735
g.kempff@zoomermedia.ca

ZoomerMedia Limited
Leanne Wright
Vice President Communications
(416) 886-6873
leanne@zoomers.ca


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