(via Thenewswire.ca)
Vancouver, British Columbia, December 17, 2012- Network Media Group Inc. (TSX-V: NTE) (the "Company") is pleased to announce that it has engaged, subject to prior TSX Venture Exchange approval, Capital Ideas Investor Relations Inc. ("CIIR") to implement a comprehensive investment relations program for the Company. CIIR will assist Network Media Group Inc. with its investor relations program, including facilitating investor awareness, providing market intelligence and research, designing corporate communications materials and generally raising the Company's profile in the investment community.
CIIR is a leading communications firm specializing in attracting attention to well-managed and highly promising companies. The firm's clients range from micro-capitalization start-ups to companies with more than $1 billion of revenues.
CIIR neither holds any securities of the Company nor has any interest, direct or indirect, in the Company. CIIR and its principals do not engage in market making activities and will restrict its services to investor relations counselling. As consideration for services provided, the Company will pay CIIR a fee of $5,000 (plus harmonized sales tax (HST)) per month for the duration of the term. The Company has also granted to CIIR, under its shareholders approved share option plan, an incentive stock option to purchase 500,000 common shares in the capital of the Company (the "Shares") exercisable for a period of five years at a price of $0.10 per Share for the first 250,000 Shares and $0.25 per Share for the remaining 250,000 Shares. The options will vest in stages over a 12 month period with 125,000 options vesting in every three month interval.
The Company's engagement of CIIR and the issuance of the stock options and the underlying Shares are subject to the acceptance of the TSX Venture Exchange.
For further information concerning this press release, please email info@networkentertainment.ca.
ON BEHALF OF THE BOARD OF DIRECTORS OF
NETWORK MEDIA GROUP INC.
"Derik A. Murray"
Derik A. Murray
Chief Executive Officer and Director
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.
Except for historical information contained herein, this news release contains forward-looking
statements that involve risks and uncertainties. Actual results may differ materially. Except as
required pursuant to applicable securities laws, the Company will not update these forward-looking
statements to reflect events or circumstances after the date hereof. More detailed information about
potential factors that could affect financial results is included in the documents filed from time to
time with the Canadian securities regulatory authorities by the Company.
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