Memorandum calls for a minimum of $5 million in revenue over a 2 year
TORONTO, Feb. 7 /CNW/ - BlueRush Digital Media Corp. ("BlueRush"), a
wholly owned subsidiary of BlueRush Media Group Corp. (TSX-V: BTV), announced
today that it has signed a memorandum of understanding ("the memorandum") with
a leading Canadian Financial Institution to produce and develop rich media
solutions over a 2 year period.
The memorandum calls for a minimum of $5 million in contracted services
to BlueRush over a two year term. Subsequently, management expects this
agreement to have a positive impact on the company's financial results. During
the company's third quarter ended April 30, 2008, BlueRush is expecting to
generate over $450,000 in revenue from this agreement.
For marketing and branding purposes the client has asked to remain
Larry Lubin, BlueRush's President and CEO added: "This is a great
development for our company as it demonstrates our progression from a one-off
provider of marketing solutions to a client's digital marketing partner of
choice. This memorandum will demonstrate our company's ability to offer a
variety of comprehensive rich media solutions as we become more immersed in
our client's digital marketing efforts."
About BlueRush Media Group
BlueRush Media Group, through its wholly owned subsidiary, BlueRush
Digital Media("BlueRush"), is a digital marketing company which combines
leading edge technology with award winning creative television production.
BlueRush creates innovative rich media solutions for distribution across all
new emerging medias: Internet, Web TV, iPods, Mobile Phones, Digital Signs and
Instore Kiosks. With expertise in programming, production, and marketing,
BlueRush provides its clients with digital video solutions which extend some
of the most recognizable brands into this emerging digital and Internet age.
BlueRush Media Group is a publicly listed company on the TSX Venture Exchange
("BTV"). For more information please visit www.bluerush.ca.
Certain statements in this press release are forward-looking statements.
The reader is cautioned that assumptions used in the preparation of such
information, although considered reasonable by BlueRush Media Group at the
time or preparation, may prove to be incorrect.
Actual results achieved during the forecast period will vary from the
information provided herein as a result of numerous known and unknown risks
and uncertainties and other factors, many of which are beyond the control of
BlueRush Media Group. There is no representation by BlueRush Media Group that
actual results achieved during the forecast period will be the same in whole
or in part as those forecast. All dollar amounts in this press release are
Canadian dollars unless otherwise identified.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Laurence Lubin, President & CEO,
firstname.lastname@example.org, (416) 203-0618; Daniel Ezer, CFO, Daniel@bluerush.ca, (416)