OUTDOORPARTNER MEDIA ANNOUNCES FINANCIAL RESULTS FOR THE THREE MONTHS ENDED NOVEMBER 30, 2010
31 Januar 2011 - 9:10PM
PR Newswire (Canada)
TORONTO, Jan. 31 /CNW/ -- TORONTO, Jan. 31 /CNW/ - OutdoorPartner
Media Corporation (TSX-V: OPX.H) ("OutdoorPartner" or the
"Company") today announced financial results for the three months
ended November 30, 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 November
30, November 30, 2010 2009 Revenue $ - $ - Direct Costs - - Gross
Profit - - Operating expenses 3,523 121,369 $ (3,523) $ (121,369)
Interest income - 375 Loss from continuing operations $ (3,523) $
(120,994) Loss from discontinued operations (223) (406,745) Net
loss $ (3,746) $ (527,739) Financial Highlights OutdoorPartner
Media Corporation Audited Annual Consolidated Statements of
Operations (US dollars) Nine months ended November 30, November 30,
2010 2009 Revenue $ - $ - Direct Costs - - Gross Profit - -
Operating expenses 107,915 565,340 $ (107,915) $ (565,340) Interest
income 6 4,688 Loss from continuing operations $ (107,909) $
(560,652) Loss from discontinued operations (8,334) (950,934) Net
loss $ (116,243) $ (1,511,586) 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/January2011/31/c6580.html
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