OutdoorPartner Media announces financial results for the three months ended May 31, 2010
29 Juli 2010 - 9:42PM
PR Newswire (Canada)
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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