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Article: ZoomerMedia Limited (Formerly Fifty-Plus.Net International Inc.) Announces Fourth Quarter and 2009 Year-End Results.(Financial report)
- Article from:
- Marketwire Canada
- Article date:
- October 28, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, ONTARIO, Oct 28, 2009 (Marketwire via COMTEX) -- ZoomerMedia Limited (formerly Fifty-Plus.Net International Inc.) (TSX VENTURE:ZUM) today announced financial results for the year ended June 30, 2009.
On December 28, 2007, Olympus Management Limited ("OML"), a private Ontario corporation, acquired control of Fifty-Plus.Net International Inc. ("FPN") through a reverse take-over ("RTO").
As a result of the RTO, the former controlling shareholder of Kemur (i.e. OML) acquired control of FPN. Under the purchase method of accounting Kemur has been identified as the acquirer, and, accordingly, the entity is considered to be a continuation of Kemur with ...