ZoomerMedia Limited Announces Results for the Fourteen Months Ended August 31, 2014

TORONTO, ONTARIO--(Marketwired - Dec. 18, 2014) - ZoomerMedia Limited (TSX VENTURE:ZUM) (the "Company"), the leader in serving the interests of the 45+ "Zoomer" market in Canada, today announced it's financial results for the fourteen months ended August 31, 2014. The fourteen month period is a transition period as the Company changed its year end from June 30 ^th to August 31^st.

Results for the Fourteen Months Ended August 31, 2014

For the fourteen months ended August 31, 2014 the Company had revenues of $63.6 million, operating expenses of $59.7 million and EBITDA of $3.9 million. Net loss for the fourteen months ended August 31, 2014 was $2.6 million.

For the twelve months ended June 30, 2013, the Company had revenues of $56.3 million, operating expenses of $47.8 million and EBITDA of $8.5 million. Net income for the twelve months ended June 30, 2013 was $5.3 million.

EBITDA is a non-IFRS earnings measure which does not have any standardized meaning prescribed by IFRS and therefore may not be comparable to EBITDA presented by other companies. EBITDA represents earnings before interest expense, income taxes, depreciation and amortization. This measure is important to management since it is used by potential investors to evaluate the Company's operating performance and ability to incur and service debt, and as a valuation metric. Investors are cautioned that this non-IFRS financial measure should not be construed as an alternative to other measures of financial performance calculated in accordance with IFRS.

Additional Information

Detailed financial information and Management's Discussion and Analysis for the fourteen months ended August 31, 2014 can be found on SEDAR's website at www.sedar.com. The financial information included in this release is qualified in its entirety and should be read together with the audited consolidated financial statements for the fourteen months ended August 31, 2014, including the notes thereto.

About ZoomerMedia Limited

ZoomerMedia is a multimedia company that serves the 45plus "Zoomer" demographic through television, radio, magazine, internet and trade shows. ZoomerMedia's television properties include; Vision TV, Canada's only multi-faith specialty television service; ONE: Body Mind Spirit Love Channel, offering programs on exercise, meditation, yoga, natural health and living a planet-friendly lifestyle; JoyTV in Vancouver, Victoria, Surrey and the Frasier Valley, and the newly rebranded HOPETV (formerly JoyTV11), a lifestyle television service out of Winnipeg devoted to broadcasting Christian programming and is available in approximately 6 million Canadian homes. ZoomerMedia's radio properties include CFMZ-FM Toronto - The New Classical 96.3FM, CFMX-FM Cobourg - The New Classical 103.1FM, Canada's only commercial classical music radio stations serving the Greater Toronto Area (GTA) and eastern Ontario, and CFZM-AM 740 Toronto - The New AM740 Zoomer Radio, the last music service left on the AM dial in the GTA. ZoomerMedia also publishes Zoomer Magazine, the largest paid circulation magazine in Canada for the mature market. ZoomerMedia is Canada's leading provider of online content targeting the 45plus age group through many properties, the key one being www.EverythingZoomer.com. ZoomerMedia also has trade show and conference divisions that produce the ZoomerShows, annual consumer shows directed to the Zoomer demographic and ideaCity, an annual Canadian conference also known as 'Canada's Premiere Meeting of the Minds'.