ZoomerMedia Limited Announces Fourth Quarter and Year End Financial Results

ZoomerMedia Limited (TSX VENTURE:ZUM) (the "Company"), the leader in serving the
interests of the 45+ "Zoomer" market in Canada, today announced it's financial
results for the year ended June 30, 2012.


Highlights for the Year



--  Zoomer Magazine wins Gold award at the September 2011 Canadian Newspaper
    Awards for its Winter 2010 issue and Bronze for its September 2010 issue
    
--  Sun Life Financial signs a multi-year deal to be CARP's (Canadian
    Association of Retired Persons) Recommended Financial Services Provider
    and use ZoomerMedia's various media properties to promote the
    relationship 
    
--  4th annual ZoomerShow in Toronto attracts a record 31,000 attendees in
    October 2011 
    
--  2nd annual ZoomerShow in Vancouver attracts a record 18,000
    attendees in November 2011 
    
--  The CRTC approves ZoomerMedia's application for a classical music FM
    radio station license for the Collingwood, Ontario region in February 
    
--  Vision TV broadcasts the exclusive Canadian premiere of the Golden Globe
    and Emmy Award winning television miniseries Downton Abbey in February 
    
--  Closed a debt financing with the Royal Bank of Canada for $17 million in
    June 



Fourth Quarter Results

For the three months ended June 30, 2012 the Company had revenues of $15.1
million, operating expenses of $10.9 million and EBITDA of $4.2 million. The net
loss before taxes for the quarter was $232,240.


For the three months ended June 30, 2011, the Company had revenues of $15.2
million, operating expenses of $20.1 million and EBITDA of negative $4.9
million. The net loss before taxes for the quarter was $6.1 million.


Year End Results

For the year ended June 30, 2012 the Company had revenues of $56 million,
operating expenses of $48.9 million and EBITDA of $7.1 million. Net loss before
taxes for the year was $2.4 million.


For the year ended June 30, 2011, the Company had revenues of $60.0 million,
operating expenses of $60.8 million and negative EBITDA of $0.8 million. Net
loss before taxes for the year was $6.5 million.


EBITDA is a non-IFRS earnings measure which does not have any standardized
meaning prescribed by IFRS and therefore may not be comparable to EBITDA
presented by other companies. EBITDA represents earnings before interest
expense, income taxes, depreciation and amortization. This measure is important
to management since it is used by potential investors to evaluate the Company's
operating performance and ability to incur and service debt, and as a valuation
metric. Investors are cautioned that this non-IFRS financial measure should not
be construed as an alternative to other measures of financial performance
calculated in accordance with IFRS.


Additional Information

Detailed financial information and Management's Discussion and Analysis for the
year ended June 30, 2012 can be found on SEDAR's website at www.sedar.com. The
financial information included in this release is qualified in its entirety and
should be read together with the audited consolidated financial statements for
the year ended June 30, 2012, including the notes thereto.


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: the Body, Mind, Spirit and Love Channel, offering
programs on exercise, meditation, yoga, natural health and living a
planet-friendly lifestyle; Joytv 10 in Vancouver and Joytv 11 in Winnipeg, two
over the air conventional stations, available over the air and on cable in their
respective markets. 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.50plus.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

Certain statements made in this report are 'forward-looking statements' which
may include, without limitation, any statement that may predict, forecast,
indicate or imply future results, performance or achievements, and may contain
the words 'believe', 'anticipate', 'expect', 'estimate', 'project', 'will be',
'will continue', 'will likely result' or similar words or phrases. Forward-
looking statements involve risks and uncertainties, which may cause actual
results to differ materially from the forward-looking statements. The risks and
uncertainties are detailed from time to time in filings by ZoomerMedia Limited
with provincial securities commissions. New risk factors emerge from time to
time and it is not possible for management to predict all such risk factors, nor
can it assess the impact of all such risk factors on the Company's business or
the extent to which any factor, or combination of factors, may cause actual
results to differ materially from those contained in any forward-looking
statements. Such risks, uncertainties and other factors include, but are not
limited to, the following:




--  the risks inherent in magazine publishing; 
--  the risks inherent in the operation of Internet media properties; 
--  the risks inherent in the operation of television broadcast properties; 
--  the risks inherent in the operation of radio broadcast properties; 
--  the risks inherent in the operations of affinity partners with respect
    to royalty revenue; 
--  the risks inherent in the operation of consumer shows generally, 
--  the competition within the media industry for the baby boomer
    generation's business; 
--  the risks associated with governmental regulation of the publishing,
    internet, radio broadcasting and television broadcasting businesses; 
--  the results of legal claims made by or against the Company; 
--  the dependence of the business on the continuing operation of its
    computer systems; and 
--  the dependence of the business on key personnel.



Given these risks, and uncertainties, investors should not place undue reliance
on forward-looking statements as a prediction of actual results. ZoomerMedia
Limited does not intend and does not assume any obligation to update these
forward-looking statements.



FOR FURTHER INFORMATION PLEASE CONTACT: 
ZoomerMedia Limited
George Kempff
Vice President and Chief Financial Officer
(416) 607-7735
g.kempff@zoomermedia.ca


ZoomerMedia Limited
Leanne Wright
Vice President Communications
(416) 886-6873
leanne@zoomer.ca
Zoomermedia (TSXV:ZUM)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024