ZoomerMedia Limited Announces Change of Fiscal Year End
June 12, 2014 --
TORONTO, ONTARIO -- (Marketwired) -- 06/12/14 -- ZoomerMedia Limited (the "Company" or "ZoomerMedia") (TSX VENTURE:ZUM) announces a change in its fiscal year end from June 30th to August 31st with effect for the fiscal year ending August 31, 2014. The change in fiscal year end aligns the Company with its reporting obligations to the Canadian Radio-television and Telecommunications Commission ("CRTC") for its television and radio assets. The Company's annual financial reporting disclosures for the fourteen months ended August 31, 2014 will be due by December 29, 2014.
About ZoomerMedia Limited
ZoomerMedia is a multimedia company that serves the 45plus "Zoomer" demographic through television, radio, magazine, internet and trade shows. ZoomerMedia's television properties include; Vision TV, Canada's only multi-faith specialty television service; ONE: Body Mind Spirit Love, offering programs on exercise, meditation, yoga, natural health and living a planet-friendly lifestyle; JoyTV in Vancouver, Victoria, Surrey and the Fraser Valley, and the newly rebranded HOPETV (formerly JoyTV11), a lifestyle television service out of Winnipeg devoted to broadcasting Christian and local programming and is available in approximately 6 million Canadian homes. ZoomerMedia's radio properties include CFMZ-FM Toronto - The New Classical 96.3FM, CFMX-FM Cobourg - The New Classical 103.1FM, Canada's only commercial classical music radio stations serving the Greater Toronto Area (GTA) and eastern Ontario, and CFZM-AM 740 Toronto - The New AM740 Zoomer Radio, the last music service left on the AM dial in the GTA. ZoomerMedia also publishes Zoomer Magazine, the largest paid circulation magazine in Canada for the mature market. ZoomerMedia is Canada's leading provider of online content targeting the 45plus age group through many properties, the key one being www.EverythingZoomer.com. ZoomerMedia also has a trade show division that conducts the "Zoomer Show", consumer shows directed to the 45plus age group and ideaCity, an annual Canadian conference also known as 'Canada's Premiere Meeting of the Minds'.
Cautionary note on forward-looking statements
The TSX Venture Exchange has not reviewed this press release and neither approved nor disapproved the information contained in this press release. The statements made in this press release include forward-looking statements that involve a number of risks and uncertainties. These statements relate to future events or future performance and reflect management's current expectations and assumptions. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements, such as the economy, generally, the demand for ZoomerMedia's products and services and the availability of funding. These forward-looking statements are made as of the date hereof and ZoomerMedia does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from ZoomerMedia's expectations and projections.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Vice President & Chief Financial Officer
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