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JTV Jumptv

35.51
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jumptv LSE:JTV London Ordinary Share CA48139P1071 COM SHS NPV (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 35.51 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Acquires Sports International

15/12/2006 11:06am

RNS Non-Regulatory



JumpTV Inc.
15 December 2006


JumpTV to Acquire Sports International Group in Stock Transaction

Leading Hispanic Sports Portal www.SportsYa.com Launching Pad for JumpTV's
Sports Content Expansion Strategy

TORONTO -- (MARKET WIRE) -- December 15, 2006 -- JumpTV Inc. (AIM: JTV) (TSX:
JTV) (www.jumptv.com), the world's leading broadcaster of ethnic television over
the Internet, announced that through its wholly-owned subsidiary JumpTV
International it has entered into a definitive agreement to acquire all
outstanding capital stock of privately-held Sports International Group LLC
("SIG"), the owner and operator of www.SportsYa.com, a sports content website
targeting the Hispanic market residing in the United States and Latin America
which generated nearly 200,000 unique visitors and 5 million page views in
November.

The acquisition will be funded through the issuance of JumpTV common shares at
closing (expected to be January 3, 2007), and JumpTV will enter into a long-term
professional services agreement with SIG president and chief executive officer
Daniel Canel.

JumpTV will maintain the www.SportsYa.com website and use the well-known
SportsYa brand as a marketing vehicle to drive traffic and subscribers to
JumpTV's Latin American television properties, while the Hispanic-oriented
sections of www.JumpTV.com will drive traffic to Internet-broadcast Latin
American sports matches to be offered through SportsYa on a pay-per-view, video
on demand and subscription video on demand (SVOD) basis. JumpTV anticipates
keeping in place the newly-formed marketing alliance between SportsYa and
leading Hispanic portal www.Batanga.com.

Kaleil Isaza Tuzman, president and chief executive officer of JumpTV
International stated, "We see this acquisition as the 'coming out' for our
dedicated sports content acquisition strategy at JumpTV. We intend to be the
leading online destination for expatriates to view sports matches -- fitting
with JumpTV's goal to be the 'World's Online Television Network'. In North
America, the sports media world is dominated by football, baseball and
basketball but for JumpTV's primary audiences (immigrants in North America and
Western Europe), soccer, cricket, car racing, tennis and boxing are amongst the
sports of choice."

Isaza Tuzman continued, "We are confident that the addition of SportsYa will
drive fans to JumpTV's live feeds of our Hispanic-focused television stations
and our growing portfolio of soccer-focused pay-per-view sports content will
find a perfect home with SportsYa's audience. The Hispanic media market is
expected to grow to over 60 million people in the U.S. in the next few years,
and we believe sports content will be at the vanguard of this explosion."

Daniel Canel, new chairman of JumpTV's Latin American and Caribbean operations
commented, "The combination of JumpTV with SportsYa.com offers a powerful value
proposition of leading sports news and information with the best in
Spanish-language television content broadcast on the Internet. We believe that
the joint offering will hold tremendous attraction to the millions of Latinos
living in high-broadband penetration countries who are rabid sports fans. I am
thrilled to join JumpTV at such an exciting time in its development and I look
forward to working with such a dynamic management team."

SIG is one of the most respected online producers and distributors of Spanish
language sports content, and delivers approximately 200-250 proprietary Spanish
and English sports news items daily through www.SportsYa.com, covering a range
of sports including soccer, car racing, baseball, football, tennis, boxing,
basketball, golf and hockey.

Mr. Canel was formerly president and chief executive officer of Patagon.com, a
pioneer in online banking, which was sold to Banco Santander Central Hispano in
2001. Prior to this, Daniel was managing director of Emerging Markets at
JPMorgan, Chase Bank and UBS in New York and London. He brings with him more
than 20 years of experience in the investment banking and media industries, and
a proven track record of success. Under the terms of the agreement, Mr. Canel
will join JumpTV as chairman of JumpTV's Latin American operations.

SportsYa.com offers original programming such as "Futbol de Primera," as well as
access to the popular Mexican sports radio station "Estadio W."

G. Scott Paterson, chief executive officer of JumpTV added, "SportsYa.com adds a
strong and recognizable brand to the JumpTV family. Latinos around the world
already look to SportsYa.com for their sports news and information. Tapping into
SportsYa's large visitor base should help accelerate our subscriber acquisition
efforts in the coming year."

Paterson continued, "With Daniel Canel joining JumpTV, we have added a
world-class executive and bolstered our business development efforts globally.
Daniel's experience in both the Internet and finance deepens our executive
team."

This transaction is subject to regulatory and Toronto Stock Exchange approval.

About JumpTV

JumpTV (AIM: JTV) (TSX: JTV) is the world's leading subscription-based
broadcaster of ethnic television over the Internet. With over 240 channels from
70+ countries, JumpTV delivers its subscribers full-screen news, sports and
entertainment content on a real-time basis from all corners of the globe. JumpTV
has subscribers from over 80 countries who view channels on the JumpTV online
network via high-speed Internet connections on their home computers, laptops,
Internet-enabled televisions and mobile phones.

About Sportsya

Sportsya was founded in 1998 as a sports portal in Spanish, www.sportsya.com and
belongs to Sports International Group (SIG) LCC. It covers a wide variety of
international sports disciplines; it distributes multimedia sports content and
promotes sports in Latin America and USA. Sportsya headquarters is located in
Miami and it has regional offices in Buenos Aires and Mexico, and corresponding
journalists in the main sports locations of the world. Sportsya is associated
with the Mexican sports giant, Estadio W Group.

Forward looking statement

Certain statements herein may constitute forward-looking statements, including
those identified by the expressions "may", "will", "should", "could",
"anticipate", "believe", "plan", "estimate", "potential", "expect", "intent" and
similar expressions to the extent they relate to the Company or its managements.
These statements reflect the Company's current expectations and are based on
information currently available to management. These forward-looking statements
are subject to a number of risks, uncertainties, assumptions and other factors
that could cause actual results or events to differ materially from current
expectations, including the matters discussed under "Risk Factors" contained in
the Company's prospectus (admission document) dated August 1, 2006. These
forward-looking statements are made as of the date hereof, and the Company
assumes no obligation to update or revise them to reflect new events or
circumstances.

This document is available on the KCSA Worldwide Website at www.kcsa.com.
PR / IR Contact: Lewis Goldberg / Todd Fromer
KCSA Worldwide

+1-212-896-1216 / +1-212-896-1215
lgoldberg@kcsa.com / tfromer@kcsa.com

NOMAD:

Canaccord Adams
Chris Bowman
+44 (0) 20 7050 6500
Chris.Bowman@CanaccordAdams.com


                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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