OutdoorPartner Media closes over-allotment of bought deal financing


    TORONTO, June 15 /CNW/ - OutdoorPartner Media Corporation
("OutdoorPartner" or the "Company") (TSXV: OPX) announced today the closing of
the exercise of the over-allotment option granted in connection with its
previously-announced public offering (the "Offering"), with an aggregate of
892,500 common shares being sold for gross proceeds to the Company of
$803,250. With the exercise of the over-allotment option, the aggregate gross
proceeds of the Offering to the Company are $6,158,250.
    The Offering was led by GMP Securities L.P. on behalf of a syndicate of
underwriters including Westwind Partners Inc. and M Partners Inc.

    About OutdoorPartner:

    OutdoorPartner is a market leader in the emergent alternative out-of-home
media segment. The Company operates two out-of-home media networks: a
PartnerBin network and a payphone kiosk advertising network. PartnerBins -
litter/recycling receptacles that facilitate advertising - are currently
located in ten U.S. communities, including: New York City, Atlanta, St. Louis
and Baltimore. OutdoorPartner's payphone kiosk advertising division, Prime
Point Media, offers highly-targeted advertising plus PrimeCasting - a
Bluetooth broadcast solution - on a network of over 700,000 payphone kiosks
located in all of the top 50 designated market areas. More information may be
found by visiting www.outdoorpartner.com or www.primepointmedia.com.

    This document may contain forward-looking statements, relating to
OutdoorPartner's operations or to the environment in which it operates, which
are based on OutdoorPartner's operations, estimates, forecasts and
projections. These statements are not guarantees of future performance and
involve risks and uncertainties that are difficult to predict and/or are
beyond OutdoorPartner's control. A number of important factors could cause
actual outcomes and results to differ materially from those expressed in these
forward-looking statements. Factors that may cause such differences include,
but are not limited to, 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 2006
Annual Information Form and other filings with the Canadian securities
regulatory authorities. Consequently, readers should not place any undue
reliance on such forward-looking statements. OutdoorPartner disclaims any
intention or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

    %SEDAR: 00021410E

For further information:

For further information: Mark Brodkin, CEO, OutdoorPartner Media
Corporation, 296 Richmond Street West, Suite 305, Toronto, Ontario, M5V 1X2,
Canada, T: (416) 602-1602, F: (416) 352-5070, www.outdoorpartner.com

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