OUTDOORPARTNER MEDIA ANNOUNCES FINANCIAL RESULTS FOR THE THREE MONTHS ENDED AUGUST 31, 2010
01 November 2010 - 3:53PM
PR Newswire (Canada)
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
Copyright
(TSXV:OPX.H)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
(TSXV:OPX.H)
Historical Stock Chart
Von Jun 2023 bis Jun 2024