ZoomerMedia Limited Announces Second Quarter and Year to Date Financial Results
26 Fevereiro 2010 - 3:44PM
Marketwired
ZoomerMedia Limited (TSX VENTURE: ZUM), a leader in serving the
interests of the 45+ "Zoomer" market, through the publication of
ZOOMER magazine and its suite of websites, including
www.50plus.com, today announced financial results for the second
quarter and six months ended December 31, 2009.
Second Quarter and Year to Date Results
For the three months ended December 31, 2009, the Company had
revenues of $3.1 million and expenses of $4.0 million with a net
loss after tax of $884,136. For the six months ended December 31,
2009, the Company had revenues of $5.4 million and expenses of $7.3
million with a net loss after tax of $1.7 million. These results
are in line with the Company's business plan for 2010 as it invests
in the development of ZOOMER magazine and accompanying
Zoomer-branded websites, to ensure that the Company maximizes its
share of the growing media expenditures anticipated in 2010 and
beyond aimed at the aging baby boomer cohort, the Zoomers.
For the comparable quarter ended December 31, 2008, the Company
had revenues of $2.8 million and expenses of $3.9 million with a
net loss after tax of $696,299. For the comparable six months ended
December 31, 2008, the Company had revenues of $5.4 million and
expenses of $7.5 million with a net loss after tax of $1.5
million.
Additional Information
Detailed financial information and Management's Discussion and
Analysis for the six months ended December 31, 2009 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 interim financial statements for the six
months ended December 31, 2009 and the audited financials
statements for the year ended June 30, 2009, including the notes
thereto.
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 180,000 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. The portfolio of web sites and
electronic newsletters delivers over 2 million page per views per
month. The key property is www.50plus.com, delivering 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.
Cautionary note on forward looking statements
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 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. No stock exchange, securities
commission or other regulatory authority has approved or
disapproved the information contained herein.
Contacts: ZoomerMedia Limited George Kempff Vice President and
Chief Financial Officer (416) 607-7735 g.kempff@zoomermedia.ca
Zoomermedia (TSXV:ZUM)
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