OutdoorPartner Media announces fiscal 2009 results

TORONTO, June 29 /CNW/ - OutdoorPartner Media Corporation (TSX-V: OPX.H) ("OutdoorPartner" or the "Company"), a leading alternative out-of-home media provider, announced financial results for its fiscal year ended February 28, 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 Consolidated Statements of Operations

(US dollars)

    
                            14 months ended          12 months ended
                              February 28,             December 31,
                                  2010                     2008

    Revenue                   $           -            $           -
    Direct Costs                          -                        -
                            -----------------------------------------
    Gross Profit                          -                        -

    Operating expenses              746,383                1,077,819

                            -----------------------------------------
                              $    (746,383)           $  (1,077,819)

    Interest income                   9,567                   70,657
                            -----------------------------------------
    Loss from continuing
    operations                     (736,816)              (1,007,162)

    Loss from discontinued
    operations                   (3,297,635)             (14,104,850)

                            -----------------------------------------

    Net loss                  $  (4,034,451)           $ (15,112,012)
                            -----------------------------------------
    

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.

%SEDAR: 00021410E

SOURCE OUTDOORPARTNER MEDIA CORPORATION

For further information: For further information: Richard McGraw, Chief Executive Officer, OutdoorPartner Media Corporation, 78 Scollard Street, Toronto, Ontario, M5R 1G2, Canada, T: 416-944-2700, F: 416-352-5070

Organization Profile

OUTDOORPARTNER MEDIA CORPORATION

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