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BSM Big Stick Media Corp

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Share Name Share Symbol Market Type
Big Stick Media Corp TSXV:BSM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Big Stick Media Corporation Announces Renegotiation With Lenders

29/01/2010 9:59pm

Marketwired Canada


Big Stick Media Corporation ("BSM" or the "Company") (TSX VENTURE:BSM)announces
that it may not be able to meet its repayment of debt and interest obligations
to those convertible debenture holders that participated in the April, 2008
financing. The Company is therefore proceeding to renegotiate with a view to
restructuring the remaining payments including the next scheduled payment of
principal and interest, in the approximate aggregate amount of $537,500, which
becomes due on February 28, 2010. All of the prior periodic debt obligation
payments with respect to this facility have been fully satisfied.


Additional information about BSM is available under the company's profile at
www.sedar.com.


As at the date hereof BSM has 23,992,020 issued and outstanding common shares.

About Big Stick Media Corporation

BSM owns and operates a portfolio of assets that provide fact-based and opinion
oriented information relevant to the sports industry. These assets include
websites, client-server software, publications and call centers. BSM generates
revenues in a number of ways, including various direct to consumer services and
direct to business sales through a portfolio of websites, the most significant
of which are www.JimFeist.com, www.donbest.com, and www.g-picks.com. BSM also
operates the Don Best Sports real-time sports information systems for serious
sports enthusiasts, handicappers and bettors.


Cautionary Statement

This press release may contain certain forward-looking statements with respect
to the Company. These forward-looking statements, by their nature, involve risks
and uncertainties that could cause actual results to differ materially from
those contemplated. We consider the assumptions on which these forward-looking
statements are based to be reasonable, but caution the reader that these
assumptions regarding future events, many of which are beyond our control, may
ultimately prove to be incorrect. 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. Important factors that
could cause actual results to differ materially from Big Stick Media
Corporation's expectations are various risks detailed from time to time in the
filings made by Big Stick Media Corporation with securities regulations.


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