JTV Jumptv

    RNS Number : 6166E
  JumpTV Inc.
  29 September 2008
   

    JumpTV Announces Shareholder Meeting Date to Approve NeuLion Merger and $11 Million Private Placement

    Shareholders Meeting Set for October 17, 2008 

    TORONTO--(Marketwire - September 29, 2008) - JumpTV Inc. (TSX: JTV) (AIM: JTV), a leading broadcaster of live and on-demand sports and
international television over the Internet, today announced that the Company has scheduled its special meeting of shareholders to approve
the Company's planned merger with NeuLion Inc., as first announced on June 9, 2008, to occur on October 17, 2008 at 9:00 a.m. JumpTV intends
to mail to shareholders the notice of meeting and management information circular prepared in connection with the merger on September 26,
2008, and will file the document on SEDAR and post it on its website at www.jumptv.com concurrently, in connection with the company's
receipt of conditional approval of the information circular from the Toronto Stock Exchange. 

    At the meeting, JumpTV shareholders will be asked to approve: 

    -- the resolutions in connection with the merger set out in the
      information circular;

    -- the private placement with AvantaLion LLC, an entity controlled by Mr.
      Charles Wang, and with Mr. G. Scott Paterson, as set out in the
      information circular. Pursuant to the private placement, AvantaLion
      LLC has irrevocably committed to subscribe for 10 million units from
      JumpTV's treasury at a price of $1.00 per unit, and G. Scott Paterson
      has also committed to buy 1 million units on the same terms. Each unit
      is comprised of 1 common share of JumpTV common stock, one-half of one
      common share purchase warrant exercisable at $1.25 and one-half of one
      common share purchase warrant exercisable at $1.50, all warrants being
      exercisable for two years following issuance. The aggregate gross
      proceeds from the units will be CDN$11 million;

    -- the cancellation of admission to trading of JumpTV's common shares to
      trading on the AIM market of the London Stock Exchange.

    Conditional upon shareholders' approval at the special meeting, the company expects to close the merger transaction shortly following
the special meeting, and to effect the cancellation of admission to trading on AIM of JumpTV common shares on October 27, 2008. 

    About JumpTV 

    JumpTV Inc. (TSX: JTV) (AIM: JTV) is a world leading broadcaster of live and on-demand sports and international television over the
Internet. In the last twelve months, JumpTV streamed more than 15,000 live and exclusive sporting events -- comprised of top college (NCAA),
professional and Hispanic sports coverage -- to millions of fans globally. JumpTV also delivers a broad offering of internet services to its
partners including web hosting, live event video streaming, ticket management and e-commerce. 

    Through JumpTV's consumer websites: JumpTV.com, Cycling.TV and SportsYa.com, as well as its collegiate and international sports partner
websites, JumpTV streams tens of thousands of hours of live and on-demand events and international programming over the Internet each year,
providing content from over 160 international channels from 40 countries to subscribers in over 90 countries. 

    About NeuLion 

    NeuLion works with content partners to develop end-to-end solutions for multimedia IPTV services. NeuLion content partners are
interested in reaching the global audience with a broadcast television and video streaming service. 

    The NeuLion iPTV Platform encodes, delivers, stores and manages an unlimited range of multimedia content, and the Operational Support
System (OSS) maintains all billing and customer support services. NeuLion offers a service that delivers content directly to the TV, PC or a
variety of other consumer devices. 

    Programming carried by NeuLion includes sports, religious networks, broadcast television from international providers and others. The
technology used by NeuLion allows streaming video to be delivered at a lower bandwidth, higher quality and user experience. To learn more
visit www.neulion.com. 

    Forward-Looking Statement 

    Certain statements herein relating to JumpTV's plans to merge with NeuLion, Inc. are forward-looking statements and represent JumpTV's
current intentions in respect of future activities. These statements, in addressing future events and conditions, involve inherent risks and
uncertainties. Forward-looking statements can by identified by the use of the words "will," "expect," "seek," "anticipate," "believe,"
"plan," "estimate," "expect," and "intend" and statements that an event or result "may," "will," "can," "should," "could," or "might" occur
or be achieved and other similar expressions. Forward-looking statements involve significant risk, uncertainties and assumptions. Many
factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the
forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking
statements. Although the forward-looking statements contained in this release are based upon what Management believes to be reasonable assumptions, the Company cannot assure readers that actual results
will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and the
Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. Many factors could
cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or
achievements that may be expressed or implied by such forward-looking statements, including: general economic and market segment conditions,
competitor activity, product capability and acceptance, international risk and currency exchange rates and technology changes. More specific
risks include that the merged entity will not be able to realize some or all of the expected synergies due to incompatibilities in the
merging businesses, the inability of management to bring about such synergies or a changing business environment rendering such synergies inadvisable or uneconomical. After integrating the
businesses the suite of service offerings may not perform as expected if shifting demand moves in a direction away from the expected
business model of the merged entity, if competitors are able to take market share away from the merged entity or if changing technology
adversely impacts the merged businesses. In addition, while the Company expects its content partners and those of NeuLion to continue and
expand their relationship with the merged entity, there can be no assurance that such relationships will continue as expected, or at all.
More detailed assessment of the risks that could cause actual results to materially differ than current expectations is contained in the
"Risk Assessment" section of the Company's 2007 annual MD&A filed on www.sedar.com.  

    Press/IR Contacts:
    JUMPTV

    G. Scott Paterson
    Executive Chairman
    JumpTV
    416-368-6464

    AIM NOMAD CONTACTS:
    UK
    Neil Johnson / Andrew Chubb
    Canaccord Adams Limited
    +44 207 050 6500


This information is provided by RNS
The company news service from the London Stock Exchange
 
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