OutdoorPartner Media announces financial results for the three months ended May 31, 2010

TORONTO, July 29 /CNW/ -- TORONTO, July 29 /CNW/ - OutdoorPartner Media Corporation (TSX-V: OPX.H) ("OutdoorPartner" or the "Company") today announced financial results for the three months ended May 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
    Unaudited Interim Consolidated Statements of Operations
    (US dollars)

                                                         Three months ended
                                                      May 31,         May 31,
                                                        2010            2009

    Revenue                                      $         -     $         -
    Direct Costs                                           -               -
                                              -------------------------------
    Gross Profit                                           -               -

    Operating expenses                                55,369         308,682

                                              -------------------------------
                                                 $   (55,369)    $  (308,682)

    Interest income                                        6           3,151
                                              -------------------------------
    Loss from continuing operations                  (55,363)       (305,531)

    Loss from discontinued operations                 (9,062)       (394,260)

                                              -------------------------------
    Net loss                                     $   (64,425)    $  (699,791)
                                              -------------------------------
    

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.

%SEDAR: 00021410E



Richard McGraw, Chief Executive Officer, OutdoorPartner Media Corporation, 78 Scollard Street, Toronto, Ontario, M5R 1G2, Canada, T: 416-944-2700, F: 416-352-5070

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