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A happy joost user tell of his experience with the use of joost
Part of the iEntry network Looking at Joost Beta Submitted by Dan Morrill on Mon, 03/19/2007 - 13:37. Email | Print Finally got a chance to install and look at Joost Beta, and it might just end up being the killer app.
Joost let me sign up for their beta program about 2 weeks ago, I have finally had the opportunity to load that system up and see what it does to my computer, my cable connection, and what the search functionality and general usability of the program looks like, and personally, I am impressed.
It reminds me a lot of Broadcast Machine from Democracy Player and company. With channels, types, search functionality, and many ways to customize the interface (even in the beta mode), and many options to explore.
My cable modem allows 8 megs down and 1 meg up, and really didn't notice that there was any bandwidth limitations on the system. Unlike some of the bit torrent clients I have tried, my home network did not crash or become overloaded.
The videos were clean and clear, with just some residual fuzz at times that could have been my system, or the way that the network was working. Some of the harder to find content took longer to download because there were not many people with the content who were sharing.
Channel development was well done, and easy to surf regardless of using the mouse or the keyboard.
Overall, it was not a bad experience, and there is a lot here that the Bittorrent Network just does not have, especially if you just want to watch some shows on your PC or have the shows running in the background.
Paying for content is going to be the interesting part, and in a world of YouTube and other streaming media sites, the nice part about joost is that you can bring it up into full screen and just enjoy a show. That might be the thing that thows this over the top is the idea that you can treat it like a DVD playing on your PC. And that is what is going to make it the killer app, it is as easy to use as a DVD or Media Center. No ramp up time required.
Heck of a find Bond!!! This Joost contract is bigger that people first thought, and with Viacom's nose in this thing its going to get real interesting.
By the way click on Client Works and check it out...niceeee!
After launching late in the 4th quarter of 2005, the Canadian company has steamrolled into the North American market with plans for global expansion.
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The Fight Network -- LAW Audio Wrestling "The LAW" Radio Show Now Available on Sirius Satellite Radio Mar 23, 2007 9:00:00 AM TORONTO -- (MARKET WIRE) -- 03/23/07 -- Blackout Media Corp. (PINKSHEETS: BKMP) -- The Fight Network, North America's first and only all combatant sports and entertainment channel, is pleased to announce that Fight Network Radio, "The LAW," has come to an agreement with "The Score" to launch its popular weekly talk show, Live Audio Wrestling ("The LAW"), onto the Sirius Satellite Radio through "The Score's" Hardcore Radio channel.
"We're jacked about LAW coming to Hardcore Sports Radio. As far as 'Hardcore Fans' go, Wrestling and MMA fans are as good as it gets. Since we started Hardcore Sports Radio, we've talked about the importance of having a show that talked openly and candidly about the WWE, UFC and MMA in general. There is no show on radio that has more credibility in these two areas and a better reputation than 'LAW.'"
"We look forward to introducing the listeners of the Hardcore Sports to our brand of 'heavyweight talk radio' with hard-hitting news, interviews and entertainment stories from around the pro wrestling and mixed martial arts world," stated Mike Garrow, President of The Fight Network. He added, "Having 'The LAW' available on Sirius Satellite Radio has been a goal of ours for quite a while; this now enables fans across the continent to enjoy this decade-old tradition from Canada."
About Live Audio Wrestling ("The LAW"):
"The LAW" has been on the airwaves/internet for over 8 years and reports on the latest happenings in the worlds of pro wrestling and mixed martial arts. The show specializes in conducting weekly interviews with star performers and athletes from all fighting areas. Especially popular with listeners are the "shoot style" interviews with wrestlers who discuss their careers and issues "out of character." "The LAW" has conducted thousands of interviews over the years with the who's who of pro wrestling such as: Ric Flair, Steve Austin, Lou Thesz, Mick Foley, Kurt Angle, and Bret "The Hitman" Hart, along with mixed martial arts superstars such as Ken Shamrock, Randy Coture, Chuck Liddell, and Tito Ortiz to name but a few. Additional information on the company can be found at: www.liveaudiowrestling.com.
About The Fight Network
The Fight Network is a cross-platform media company with brand interest in television, pay-per-view, radio, mobile and web. All five of these media are seamlessly integrated to offer fans of combatant sports and related entertainment a true convergence experience. The Fight Network Inc. corporate headquarters is located in Toronto, Canada. The Fight Network's Website is: www.thefightnetwork.com.
About Blackout Media Corp.:
Blackout Media Corp. is a holding company with an interest in Blackout Communications, who is a diversified media and entertainment company conducting operations in digital television, VOD, PPV, radio the Internet and print under the brand name "The Fight Network." The activities of Blackout Media Corp. are conducted principally in Canada and the United States.
Safe Harbor
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Investor Relations:
CONTACT: Blackout Media Corp. Fax 416 348.9418 E-mail ir*blackoutmedia.com
Media Contacts: Stephen Murdoch OEB International c/o The Fight Network Inc. Public Relations/Public Affairs Tel: (905) 682-7203 extension 22 Fax: (905) 682-7481 E-mail: smurdoch*oeb.com
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In the past this amount of news would be enough to cause this to run to .0015 at least. The future possiblities of this thing should have it in the .003-.005 range. I wonder what's going on.
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explain to me how tfn makes money from joost if joost is free.i reckon that joost pays a monthly fee.i would love to find out how much.
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quote:Originally posted by RWGATORBLUE: In the past this amount of news would be enough to cause this to run to .0015 at least. The future possiblities of this thing should have it in the .003-.005 range. I wonder what's going on.
Could not agree with you more. Sandy has officially killed this stock with dilution and lost all credibility with the Divy fiasco. No one will throw money at this anymore.
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Whats going on is the little boy who cried wolf to much to reverse it we need great news now and it will come when you least exspect it
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Goodbye, television. Hello, Joost Niklas Zennstrom and Janus Friis have been talking about the idea behind Joost™ for a long time - even before their last venture, Skype, was born. But to make it work, they needed the right combination of factors - widespread broadband and powerful computers in particular. In early 2006, the time was right. Gathering the world's best engineers, web gurus and media visionaries, they started work under the code name of The Venice Project™ - and now, after much fretting and polishing, that work is ready for public viewing.
In under a year, we've grown from a handful of people to more than 100, establishing offices in five countries. Already, Joost™ is a truly global venture, serving a truly global community. It's still early days for us, but Joost™ is getting bigger and better every day - and we're still waiting for it to become self-aware...
Keep in touch with the latest developments on our **** and press release section.
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Goodbye, television. Hello, Joost Niklas Zennstrom and Janus Friis have been talking about the idea behind Joost™ for a long time - even before their last venture, Skype, was born. But to make it work, they needed the right combination of factors - widespread broadband and powerful computers in particular. In early 2006, the time was right. Gathering the world's best engineers, web gurus and media visionaries, they started work under the code name of The Venice Project™ - and now, after much fretting and polishing, that work is ready for public viewing.
In under a year, we've grown from a handful of people to more than 100, establishing offices in five countries. Already, Joost™ is a truly global venture, serving a truly global community. It's still early days for us, but Joost™ is getting bigger and better every day - and we're still waiting for it to become self-aware...
Keep in touch with the latest developments on our **** and press release section.
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Joost strikes pact with JumpTV March 1, 2007 9:49 AM PST del.icio.us Digg this Joost--an online video start-up founded by the guys who built Kazaa and Skype--appears to have struck a distribution deal with JumpTV, which owns the rights to 270 TV stations in 70 countries.
According to Time magazine, Joost and JumpTV will soon announce their deal, which comes on the heels of a previous arrangement that brought Viacom programming--Paramount movies, MTV, Comedy Central and more--to Joost.
Ultimately, the idea seems to be that by gaining control over huge amounts of premium content, Joost will be able to convince Internet users to abandon YouTube, since the Google-owned service has few rights to such programming. YouTube did strike a deal with NBC, but Joost's partnerships would seem to dwarf that deal, particularly because by working with JumpTV, it gains access to content that will appeal to a wide international audience.
It will be interesting to see what YouTube does next to try to keep up. But for Web users? It's nothing but a big victory.
Posted by Daniel Terdiman TalkBack No discussion exists, click here to start it.
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ZIMTV TO DELIVER ONE - TWO PUNCH WITH THE FIGHT NETWORK OVER THE INTERNET
Toronto, Ontario, Ottawa, Ontario March 26th, 2007 – The Fight Network, North America’s first and only twenty-four (24) hour combatant sports and entertainment channel and ZIM Corporation (OTC: ZIMCF), an Internet TV broadcaster, today announced an agreement to broadcast The Fight Network on ZIMTV. The strategic partnership will enable viewers to watch live and archived programming from The Fight Network through the ZIMTV Internet TV platform. Both video-on-demand and pay-per-view content will be available for fans of North America’s number one combatant sport. This partnership provides unrestricted worldwide access via www.zimtv.biz as well as on mobile phones for fans to follow The Fight Network anytime and anywhere.
“Combatant sports (especially mixed martial arts) is a fan favorite throughout the world and we are extremely excited to have gained the internet broadcasting rights for such popular content. This initiative with TFN provides an excellent opportunity to broaden our offering of sports broadcasting on ZIMTV," said Michael Cowpland, President and CEO of ZIM Corporation.
“Working with Zim’s multi-platform approach to content distribution allows The Fight Network to extend our content to millions of more fans around the world” stated Mike Garrow, President of The Fight Network, he added “Both the internet and mobile broadcast quality of ZIMTV makes for a very good user experience which is always the ultimate goal.”
All live and archived events in 2007 will be free of charge to end users. Starting in 2008 ZIMTV and TFN will offer various packages to end users who will be able to choose from purchasing a single event or opt for a monthly subscription which provides access to several events per month.
About ZIM
ZIM is an Internet TV service provider and mobile content provider. Through its global infrastructure, ZIM provides publishing and licensing services for market-leading peer to peer (P2P) Internet TV content and mobile content. For more information on ZIM and its customers, partners and products, visit: www.zimtv.biz and www.zim.biz.
About The Fight Network
The Fight Network is a cross-platform media company with brand interest in television, pay-per view, radio, mobile and web. All five of these media are seamlessly integrated to offer fans of combatant sports and related entertainment a true convergence experience. The Fight Network Inc. corporate headquarters is located in Toronto, Canada. The Fight Network’s Website is: www.thefightnetwork.com.
Safe Harbor
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
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March 27, 2007 UFC Owners Buy Rival Pride Fighting By THE ASSOCIATED PRESS
Filed at 11:50 a.m. ET
NEW YORK (AP) -- The majority owners of Ultimate Fighting Championship have agreed to buy their biggest mixed martial arts rival, Pride Fighting Championships, in a deal that will establish megafights among the outfits' titleholders and possibly attract huge pay-per-view audiences.
Company executives declined to comment on the sales price, but a person familiar with the negotiations told The Associated Press that brothers Lorenzo and Frank Fertitta will purchase the Japan-based Pride for less than $70 million. The person was not authorized to speak to reporters and spoke on condition of anonymity.
The deal was completed Tuesday and was announced during a news conference in Tokyo, where Lorenzo Fertitta has been negotiating with Nobuyuki Sakakibara, the majority owner and chief executive of Dream Stage Entertainment Inc., Pride's owner.
''We have been talking to Pride for probably about 11 months,'' Lorenzo Fertitta said. ''It's been a long, drawn out process but we finally we were able to put the two brands together.''
To buy the company, the brothers created a new entity called Pride FC Worldwide Holdings LLC. The newly formed company will take over Pride assets, including its trademarks, video library and valuable roster of fighters, from Dream Stage. The Fertitta brothers, who own Las Vegas-based Zuffa LLC, the parent company of UFC, intend to keep the well-known Pride name and promote fights under that brand.
The acquisition marks a new phase in the brothers' quest to dominate the burgeoning world of mixed martial arts since they bought the struggling UFC in 2001.
''This is really going to change the face of MMA,'' Lorenzo Fertitta said. ''Literally creating a sport that could be as big around the world as soccer. I liken it somewhat to when the NFC and AFC came together to create the NFL.''
The deal allows the Fertitta brothers to broker the biggest MMA fights possible in the near future, increasing their influence in this sports entertainment business.
''We will be able to literally put on the fights that everyone wants to see,'' Lorenzo Fertitta said. ''It will allow us to put on some of the biggest fights ever.''
In the past, there has been at least one case in which Pride and UFC couldn't hammer out a deal to put their top fighters in the ring together. With Pride in their pocket, the Fertitta brothers intend to ensure that never happens again.
The sale gives Pride more financial backing to expand the business internationally after suffering a recent financial blow.
Major sponsor Fuji Television Network Inc. dropped Pride in June after a tabloid linked Pride to the Japanese mob -- something Sakakibara has denied vigorously. To help bolster Pride, the company staged two PPV fights in Las Vegas. Neither was a financial success. The fights gained exposure for Pride but lost money, making the sale of Pride more likely.
''I think it certainly weakened their position,'' Lorenzo Fertitta said. ''One of our goals is to get back on a major platform back here in Japan.''
Lorenzo Fertitta said he'll be looking to expand Pride internationally.
Buying Pride is the latest in a series of acquisitions that the brothers have made in the last six months. Zuffa snapped up World Extreme Cagefighting and World Fighting Alliance last year.
Similar to Pride, buying WFA gave UFC the rights to a popular fighter named Quinton ''Rampage'' Jackson. Jackson will face UFC's most popular fighter, Chuck Liddell, the current light heavyweight champ in Las Vegas, on May 26 on PPV.
In the combat world, the Pride deal leaves a fragmented group of upstarts and K-1, another Japanese company that promotes fighters skilled in various forms of kick boxing.
Thanks to a surge in popularity, the brothers' investment in UFC and MMA in general has begun to pay off.
Last year, UFC cracked $200 million in PPV revenue, putting it on par with World Wrestling Entertainment Inc.
UFC stages fights in arenas across the country and airs a clutch of successful television shows on Spike TV. It has also opened an office in London, looking toward establishing itself internationally.
The brothers also run Station Casinos Inc. in Las Vegas. Lorenzo Fertitta is president and Frank Fertitta is chairman and chief executive of Station Casinos, a public company that recently agreed to be purchased by a private equity investor group that includes key members of the Fertitta family.
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Blackout Media Corp. Issues Two Letters to Shareholders
Mar 29, 2007 09:01:33 (ET)
TORONTO, Mar 29, 2007 (MARKET WIRE via COMTEX) -- Blackout Media Corp. (PINKSHEETS: BKMP) -- announces today that it has released a Letter to Shareholders from President, Sandy Winick. The text of the letter appears below.
Dear Shareholders:
It has been several months since my last communication via a shareholders letter to you to bring you -- our shareholders -- up to date with the many positive occurrences that have been happening over the past several months with our interest in The Fight Network.
Here are a few of the highlights:
Television
TFN continues to develop and expand out its television offering world wide, initial results are incredibly encouraging and very positive -- some of the highlights are:
North America
Canada
With the addition of Shaw Cable in the last few months we have all the major providers in Canada as carriers of our service, plus we are still pursuing the rest of the smaller providers through their organization the CCSA, that we do not have. We are anticipating the addition of 5 - 10 smaller operators over the coming months. The growth rate of new subscribers month over month is an astounding 5%, which in the digital television landscape is exceptional.
United States
We have signed our first of what we anticipate to be many contracts to supply our service in the United States, with Backspace TV out of San Luis Obispo, an internet and IPTV carrier; we expect to start supplying our signal to them at some point in the summer of 2007.
We have also signed a contract whereby we are supplying one hour per week of programming to America One -- seen in over 20,000,000 American homes.
We are working on forging relationships with a number of the larger carriers in the United States including Verizon's FiOS, Comcast, Time Warner and others. We are having ongoing discussions with all of them and hope to have some contracts finalized in 2007.
Mexico
We have had a number of enquiries from Mexico and we are working on getting a representative to help us navigate those waters.
International:
South America
Firstly, we have opened up an office in Ecuador that will service most of South and Central America.
We are currently finalizing carriage contracts in Panama and Ecuador, which would see our service launch as a stand alone channel on the majority of the carriers in each of those respective countries later in 2007.
We are talking to cable and satellite operators in Brazil, Argentina, Chile, Colombia and other South and Central America countries about the channel and our preliminary responses thus far have been overwhelmingly positive.
Australia
We are working on finalizing carriage to that continent and strongly anticipate a commitment before the end of 2007. Our Australian carriage deal would also see us extend our reach in this area by including New Zealand and Tasmania without necessitating additional negotiations.
Europe
We have been in talks with a number of companies from this continent and feel very confident that arrangements with be forthcoming in the next many months.
Several countries such as England, Hungary, Romania, and Poland are very interested in our service. The positive thing about dealing with European countries is we only need one satellite feed to get all of them.
Overall international expansion is a major initiative of TFN and we hope to finalize a number of these in the next 12 to 24 months and have presence in every corner of the globe before the end of this decade.
Fight Network Radio.
The LAW -- "Live Audio Wrestling" is having its 10th anniversary in May -- a significant milestone. The longevity of the show can most certainly be attested to by its ongoing and ever increasing popularity. This is clearly demonstrated by its recent addition to the lineup on Sirius Satellite Radio which is available live every Sunday night to a potential 6 million North American listeners.
In addition TFN is looking to expand the show to other markets as well as putting together an MMA radio show. Keep looking for announcements highlighting the expansion of The LAW to other markets.
Fight Mobile
Fight Mobile added Bell Mobility to its list of carriers that now carry our WAP based news coverage, this gives us 5 of the major carriers in North America that have available to their customers our mobile WAP service. We have been getting good responses from the carriers in regards to our product and they are extremely happy with its current and increasing rate of uptake. We are looking to add more carriers to this service in the future not only in North America but around the globe.
In the past few months we launched a video offering on movy.tv a very robust platform for delivering video content to mobile phones around the world using proprietary software that requires very little bandwidth. This system has the potential of reaching over 1,000,000,000 mobile phones right now and each year with the next generation video phones it will be adding potentially another 1,000,000,000 video enabled handsets.
Fight Network Online
The Fight Store continues to delivery strong month over month sales increases and is proving to be a fantastic addition to our revenue stream.
They have had a real knockout opportunity to team with UFC Welterweight Champion George "The Rush" St Pierre and The New UFC Heavyweight Champion Randy "The Natural" Couture and have launched to outstanding sales, specialty T Shirts, available exclusively to The Fight Network.
The ability for TFN to deliver numerous products under our banner and distribute them through multiple sales channels is being investigated and test marketed and preliminary results in this endeavor are proving positive and profitable.
Fight Network - Broadband
TFN has not been content to concentrate on only supplying our channel to the terrestrial and satellite carriers, and in keeping with this ever evolving world we live in, we have made some significant steps forward in this area by signing content distribution contracts with Joost and ZimTV.
Joost -- who is backed and created by the founders of Skype (sold to eBay for $2.6 billion) and Kazaa and who have content distribution arrangements with many companies, not the least of which is Viacom, is going to take the world by storm when they launch to the public.
We are working on a number of other technologies in this area and should be announcing more content distribution contracts in the coming months ahead.
Conversion of Preferred Shares
The conversion of the preferred shares to restricted common shares is nearly at an end -- April 30th, 2007 is the cut off date. To date, although I do not have exact numbers as the transfer agent is handling the transaction completely -- there has not been an excessive amount of conversion. Once the April 30th date comes and goes this chapter in the company's life will be closed and behind us for good.
It is unfortunate that it has not gone as well as expected, as the company only wanted the best for its shareholders, but I think it is in everyone's best interest to put it behind us and move forward with all the good events happening for us.
I have attached a copy of the letter that has gone out to shareholders with respect to the conversion.
Programming
TFN has been fortunate over the last several months to secure a number of live events, such as the Pro-Elite, Versus Boxing and others. This is certainly a big step forward for any network to be able to show live events. Although not announced in press release format TFN has introduced many new programs in the last several months in all categories -- Mixed Martial Arts, Wrestling and Boxing -- we now have over 40 different promotions each and every week on the channel.
Our coverage of the major events with our exclusive Before and After the Bell shows has proven to be a fan favorite with our viewers.
Stock Buy-Back
There have been some significant and positive changes in the share buy back program since last reported.
We are extremely pleased that we have completed the first one billion share buy-back program and that we started on a second program to buy back up to 5 billion more shares and we have purchased just less the 10% of those to date.
Other opportunities are continuously coming to TFN, which will be released to the shareholders as they evolve.
I know this has been a long road and we are not at the end of it yet, but I am extremely optimistic that we are on the right path.
Thank you.
Sandy Winick, President - Blackout Media Corp.
About The Fight Network:
The Fight Network is a cross-platform media company with brand interest in television, radio, mobile and web. All four of these media offerings are seamlessly integrated to offer fans of combatant sports and related entertainment a true convergence experience. The Fight Network Inc. corporate headquarters is located in Toronto, Canada. Additional information on the company can be found at www.thefightnetwork.com .
About Blackout Media Corp.:
Blackout Media Corp. is a holding company with an interest in Blackout Communications who is a diversified media and entertainment company conducting operations in digital television, VOD, PPV, radio the Internet and print under the brand name "The Fight Network." The activities of Blackout Media Corp. are conducted principally in Canada and the United States.
Safe Harbor
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of
the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
March 12th, 2007
Dear Shareholder:
Re: Conversion of Preferred Shares
The board of directors of your company -- Blackout Media Corp. -- has approved a resolution allowing for the conversion of your preferred shares into restricted common shares of the company (Blackout Media Corp.) (PINKSHEETS: BKMP) as follows:
For every 1,000,000,000 (1 billion) preferred shares of Blackout Media you own you have the right to buy 1,000,000 restricted common shares of Blackout Media (BKMP) Corp. stock along with the payment of $150.00 to Blackout Media Corp.
To help explain this conversion here is an example:
Let's assume you own 10,000,000,000 (10 billion) preferred shares and you wanted to convert all them into restricted common stock.
10,000,000,000 preferred shares entitles you to convert to 10,000,000 restricted common shares plus the payment of $1,500.00.
This is how the math works:
10,000,000,000 divided by 1,000,000,000 = 10
(This is how many 1 million shares you can buy by converting your preferred shares)
10 times 1,000,000 = 10,000,000
(This is how many restricted common shares you would get if you converted all your preferred shares to restricted common shares)
10 times $150.00 = $1,500.00
(This is how much you need to send to the company to pay for the conversion)
If you are interested in converting your preferred shares to restricted common shares you need to send your preferred shares to the transfer agent along with your payment.
The payment needs to be made out to the transfer agent -- American Heritage Stock Transfer Inc. NOT TO BLACKOUT MEDIA CORP. as they will be acting as the agent on this conversion for the company and handling the entire transaction.
Here is the transfer agent's information:
American Heritage Stock Transfer Inc. 4248 Merck Rd Wilson, NC 27893 USA Attention: Jason Green 919-827-4118
You MUST send a separate check to the transfer agent for $35.00 to cover the cost of the certificates and if you would like the return certificate couriered back to you instead of regular mail you will need to include an additional $40.00 for that as well -- again that is payable to the transfer agent -- American Heritage Stock Transfer Inc.
This is a mandatory conversion -- but should you not exercise your right to convert them by April 30th, 2007 your preferred shares become null and void.
But if you are interested in doing this you MUST do it by April 30th, 2007 after which the company will no longer accept your preferred shares for conversion and they will become worthless.
One final point that needs clarification is if shareholders have less then one billion (1,000,000,000) preferred shares the company is allowing you to convert as if you had the minimum preferred shares for conversion being the one billion (1,000,000,000) preferred shares. This allows a shareholder to purchase one million (1,000,000) restricted common shares for $150.00. In addition should any shareholder have an in-between amount of preferred shares they are allowed to round up to the next billion for conversion purposes only. In other words -- you can round up your preferred stock to the next billion shares for conversion purposes to allow you to maximize the amount of restricted common stock you can purchase through this process.
Thank you for your support of the company and we are looking forward to a great 2007.
Yours very truly,
-signed- Sandy Winick President
Media Contacts:
For The Fight Network Stephen Murdoch OEB International Public Relations/Public Affairs Tel: (905) 682-7203 extension 22 Fax: (905) 682-7481 E-mail: smurdoch*oeb.com
SOURCE: Blackout Media Corp.
mailto:smurdoch*oeb.com
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!
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I think this is extremely good comforting news. This company is real and they have a good plan, not like the other sub-penny stocks with the fake PR's. We are seeing the making of a giant that is not going to happen overnight. I don't see a R/S because they are doing the buyback. The payoff on this one will be huge and if all goes as they plan, their stock could be over a $1.00 before this years end. I don't know about the rest of you, but I think I'm going to stick with them for the long term.
Now if I can just move my money from JMCP to here, I'll be set for sure.
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Heck of a find Bond!!!![[Cool]](cool.gif)
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So are they going to PR this one? Looks like alot of Internet coverage, need the cable/satellite companies on board.![[Big Grin]](biggrin.gif)
