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TORONTO, Nov. 1 /CNW/ --
TORONTO, Nov. 1 /CNW/ - OutdoorPartner Media Corporation (TSX-V: OPX.H)
("OutdoorPartner" or the "Company") today announced financial results
for the three months ended August 31, 2010.
A summary of operating results is presented below. Please visit www.outdoorpartner.com or www.sedar.com to view the Company's financials statements and Management Discussion &
Analysis.
Financial Highlights
OutdoorPartner Media Corporation
Audited Annual Consolidated Statements of Operations
(US dollars)
Three months ended
August 31, August 31,
2010 2009
Revenue $ - $ -
Direct Costs - -
Gross Profit - -
Operating expenses 49,022 135,288
$ (49,022) $ (135,288)
Interest income - 1,161
Loss from continuing operations $ (49,022) $ (134,127)
Gain/(loss) from discontinued operations 950 (149,929)
Net loss $ (48,072) $ (284,056)
Financial Highlights
OutdoorPartner Media Corporation
Audited Annual Consolidated Statements of Operations
(US dollars)
Six months ended
August 31, August 31,
2010 2009
Revenue $ - $ -
Direct Costs - -
Gross Profit - -
Operating expenses 104,392 443,971
$ (104,392) $ (443,971)
Interest income 6 4,313
Loss from continuing operations $ (104,386) $ (439,658)
Gain/(loss) from discontinued operations (8,111) (544,189)
Net loss $ (112,497) $ (983,847)
Forward-Looking Statements
This news release contains forward-looking statements regarding, among
other things, OutdoorPartner's beliefs, plans, objectives, strategies,
estimates, intentions and expectations. Such statements are based on a
number of assumptions which may prove to be incorrect, involve certain
risks and uncertainties that are difficult to predict and, accordingly,
are not guarantees of future performance. The future results of the
Company or developments may differ materially from those expressed in
the forward-looking statements contained in this news release, due to,
among other factors, OutdoorPartner's lack of operating profits, its
dependence on key personnel, general economic conditions and other
external events that may impact on customers' advertising spending,
competition from other out-of-home advertisers and other media and
government regulation seeking to limit or restrict OutdoorPartner's
activities. More detailed information about these and other factors is
included in OutdoorPartner's annual and interim financial statements
and MD&A and other documents published or filed by, or on behalf of,
OutdoorPartner from time to time with the Canadian securities
regulatory authorities. Other than as required by law, OutdoorPartner
undertakes no obligation to publicly update or revise any such
forward-looking statements or information, whether as a result of new
information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/November2010/01/c7654.html
pRichard McGraw, Chief Executive Officer, OutdoorPartner Media Corporation, 78 Scollard Street, Toronto, Ontario, M5R 1G2, Canada, T: 416-944-2700, F: 416-352-5070/p