TSX Venture: EMM
VANCOUVER, March 9 /CNW/ - eMedia Networks is pleased to announce a new 36-month contract with Ontario-based Bata Limited to supply their Athletes World retail stores with custom foreground music. Commencing March 1, 2007, this contract adds over $200,000 to eMedia's existing recurring revenue stream from similar National and Regional retail chains.
About Athletes World
Since opening their first retail store in Canada in 1978, Athletes World has evolved to service a rapidly growing athletic footwear market. With over 150 stores across Canada, Athletes World continues to provide branded and private label athletic and casual footwear, apparel and accessories.
About eMedia Networks
eMedia Networks is Canada's leading supplier of licensed background (or "in store") music played in public spaces. eMedia's client base includes many national retail and restaurant chains including Roots Canada, Le Chateau, Body Shop and International Clothiers. Background music consists of CD quality artist recordings that are played in retail and restaurant establishments and other public venues to enhance and define a client's brand image and as a sales enhancement tool. The Company has annual recurring revenue of about 1.2 million dollars and issued shares totaling 13,066,895.
On behalf of the Board of Directors
(signed)
Darren Reiter
CEO
(signed)
Jasvir Athwal
President & CFO
The TSX Venture Exchange (or any other regulatory authority body) has not
reviewed the foregoing and therefore does not accept responsibility for
the adequacy or accuracy of this release.
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Disclaimer: this news release may contain certain "forward-looking"
statements." All statements, other than statements of historical fact,
included herein are forward-looking statements that involve various risks
and uncertainties. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could differ
materially from those anticipated in such statements. Important factors
that could cause actual results to differ materially from the Company's
expectations are disclosed in the Company's documents filed from time to
time with the TSX Venture Exchange and the British Columbia Securities
Commission.
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