JTV Jumptv

    RNS Number : 3728G
  JumpTV Inc.
  21 October 2008
   

    JumpTV Announces Cancellation of Admission to Trading on AIM Market

    TORONTO--(Marketwire - October 21, 2008) - Further to the announcement by JumpTV (TSX: JTV) (AIM: JTV) in relation to its merger with
NeuLion Inc. ("NeuLion") today, it is anticipated that following the approval of all resolutions proposed at its special general meeting,
the cancellation of admission to trading of the Company's common share on the AIM market is expected to take effect from 7.30am on Monday 27
October 2008. 

    The Board of Directors appointed Nancy Li, a Board member, as CEO of the merged entity. Nancy Li, served as CEO of NeuLion since
December 2003. Prior to forming NeuLion, Ms. Li established iCan SP, a wholly owned subsidiary of CA Inc., formerly known as Computer
Associates International, Inc. ("Computer Associates"). Before establishing iCan SP, Ms. Li was Executive Vice President and Chief
Technology Officer for Computer Associates. After joining Computer Associates in 1978, Ms. Li held a series of management positions covering
virtually every facet of the company's business from a development and engineering perspective. Ms. Li holds a Bachelor of Science degree
from New York University. Save as disclosed in this announcement, there is no further information to be provided in accordance with
paragraph (g) of Schedule 2 to the AIM rules. 

    About NeuLion and JumpTV 

    Based in Plainview, NY, Sanford, Florida and Toronto, Ontario, NeuLion and JumpTV (TSX: JTV) work with content partners to develop
end-to-end solutions for multimedia IPTV services. 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. Content partners are
responsible for content aggregation and the sales and marketing for the individual IPTV service. The Company ranks as a world leader in
customer/partner relationships with sports and international television content partners including, in sports, the NFL, the NHL, NCAA
Divisional I schools and conferences and, in respect to international television aggregators and networks, KyLinTV (Chinese content),
ABS/CBS (Philipino), Talfazat (Arabic), TV Desi (South Asia), Sky Angel (Christian). Customer/partner content can be viewed by way of IPTV
on PCs and on the television through the Company's proprietary set top box. Through the Company's consumer websites: JumpTV.com, Cycling.TV and SportsYa.com, as well as its collegiate and sports partner websites,
the Company streamed over 15,000 live sporting events in the past 12 months and ranks consistently as one of the top ten ranked US sports
web sites as measured by minutes viewed. 

    Forward-Looking Statement 

    Certain statements herein relating to JumpTV's merger 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: approval by the TSX of the merger and private
placement, the integration of the businesses of JumpTV and NeuLion, our continued relationships with our channel partners, general economic
and market segment conditions, competitor activity, product capability and acceptance, rates, technology changes and international risk and
currency exchange. 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/Investor Relations Contact:

    G. Scott Paterson
    Vice Chairman
    416-368-6464
    paterson@jumptv.com

    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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