Kangaroo Media Inc. releases financial results for 2006 year-end and fourth quarter results



    
    - 2006 revenues increased almost six fold to $7.1 million compared to
      $1.2 million in 2005
    - Leadership position consolidated with signing of F1 and NFL/DirectTV
      strategic agreements
    - Comfortable financial position with cash, cash equivalents and
      short-term investments of $14 million at year end
    - In the context of the FanView retail launch by Sprint NEXTEL, announced
      on February 8, 2007, the company has to date delivered substantially
      all of its order back-log
    

    MONTREAL, March 22 /CNW Telbec/ - Kangaroo Media Inc. announced today
results for its 2006 year-end and fourth-quarter results.
    For the year ending December 31, 2006, revenues stood at $7.05 million
and the company's net loss totaled $13.22 million ($0.52 per share), as
compared to revenues of $1.16 million and a net loss of $5.10 million ($0.28
per share) in 2005. Orders at the end of the period totaled $9.5 million. In
the context of the FanView retail launch by Sprint NEXTEL, announced on
February 8, 2007, the company has to date delivered substantially all of its
order back-log.
    For the fourth quarter, revenues were in the amount of $0.16 million,
compared to $0.77 million for the corresponding period of the previous year. A
net loss of $5.29 million ($0.19 per share) was incurred, versus $1.63 million
($0.08 per share) for the fourth quarter of 2005. Investments in additional
resources and the development of new markets, as well as an increase in
amortization, depreciation and stock-based compensation expenses resulted in
the operating loss increase. At year end, the company's liquidity position
remains comfortable at $13.63M.
    "2006 was a significant year for Kangaroo. We have introduced our
technology to enhance on-site spectators experience to some of the world's top
sports properties such as NASCAR, Formula 1 and the NFL," said Marc Arseneau,
President and CEO of Kangaroo Media Inc. "We are consolidating our leadership
position in this new emerging mobile media market. In 2007, we will continue
to focus on securing additional exclusive long-term on-site broadcasting
rights in motor sports, stadium sports and multi-events sports properties, to
further strengthen our position as leader in our space," he concluded.
    An analyst conference call on the 2006 results will take place on Friday,
March 23, 2007 at 8:30 A.M. To participate, or listen to the conference call,
dial 1-800-595-8550 approximately 10 minutes prior to the start of the call
the conference title is: Kangaroo Media Analysts call - Q4 & Year End 2006. A
replay of the conference call will be available until March 30, commencing at
10:30 A.M. the day of the call. The instant replay number is 1-877-289-8525,
passcode: 21224080 #.

    About Kangaroo Media Inc.

    Kangaroo Media Inc. gives fans the superstar experience by letting them
create their own live-action sporting event. Kangaroo Media's unique,
proprietary technology delivers video, audio and data in real-time to each
fan's hand-held Kangaroo TV device. Kangaroo Media, headquartered near
Montreal, Canada, is listed on the Toronto Stock Exchange TSX (www.tsx.com) as
KTV. For more information, visit www.kangaroo.tv.

    Forward-looking statements

    This news release contains forward-looking information. These statements
relate to future events or future performance and reflect management's current
expectations and assumptions. Such forward-looking statements reflect
management's current beliefs and are based on information currently available
to management of Kangaroo Media. A number of factors could cause actual
events, performance or results to differ materially from the events,
performance and results discussed in the forward-looking statements. These
forward-looking statements are made as of the date hereof and Kangaroo Media
does not assume any obligation to update or revise them to reflect new events
or circumstances.

    (The TSX does not accept responsibility for the adequacy or accuracy of
    this release.)
    %SEDAR: 00019975EF




For further information:

For further information: Kangaroo Media: Claude Michaud, Chief Financial
Officer, (450) 595-2004, cmichaud@kangaroo.tv; Media Relations: Edelman: Julie
Perrier, (514) 844-6665 ext. 229, julie.perrier@edelman.com; Investor
Relations: Evolution Group: Sylvain Archambault, 1-866-703-4887,
s.archambault@evolutiongrp.com

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KANGAROO MEDIA INC.

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