LONGUEUIL, May 4 /CNW Telbec/ - Section Rouge Media inc. (SRO-V) has completed the sale of two adult magazines to Publications Lune Noire inc. The transaction was completed for the cash sum of $425,000. This amount will be utilized, in great part, to reduce the Company's debt. Mr. Richard Desmarais, President and Chairman of the Board of Section Rouge Media, stated that these publications no longer fit within the framework of the Company's strategic development plan. Section Rouge Media owns publications in the fields of agriculture, family life, judicial matters and entertainment/leisure. "This asset divestiture should satisfy certain investors who had expressed reticence due to these publications, as well as favor our activities to acquire products in the fields in which the Company plans future development", stated Mr. Desmarais. Section Rouge Media is a publishing concern and current owning 30 publications. The TSX has neither approved nor disapproved the contents of this communique. %SEDAR: 00008697EF
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