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DEBT ELIMINATION SERVICES
Juniper Content Eliminates Debt and Substantially Reduces Cost of Operations Business Wire via Yahoo Finance 2 charged in Grand Rapids area slaying of Flint native Mashonda MLivecom
Tue, 04 Nov 2008 16:43:46 +0000
Juniper Content will continue to focus on the growth of the Sorpresa network and its digital community doing so with a strengthened balance sheet and a reduction in cash expenditures stated Stuart B. Rekant Juniper Content Chairman and CEO of Sorpresa . Management can now devote all of its efforts to Sorpresa the brand for Hispanic kids and their families and a targeted vehicle for advertisers seeking to reach this very attractive demographic. In addition we continue to conduct active discussions to secure additional financing to fund our growth and operations. At the end of September the physical production and uplink assets in the Fort Worth facility had a net book value of approximately . million. The Company transferred these assets to K LLC an entity controlled by Raymond K. Mason Juniper Content s Vice Chairman of the Board and largest stockholder in exchange for the cancellation of the principal amount promissory note held by K and the issuance of face amount of Senior Convertible Series A Preferred Stock which is convertible into shares of Common Stock at any time in whole or in part at a conversion price of . per share subject to adjustment. The cancellation of the promissory note will result in the elimination of approximately in annual interest expense. In addition Juniper Content completed a lease assignment and three year sublease and services agreements with Fort Worth Texas based Studios Inc. S the new operator of the facility and an affiliate of Mr. Mason. The Company assigned to S all of its rights to the existing lease for the Fort Worth facility subleasing from S approximately square feet. Under the services agreement S which has also acquired the transferred physical production and uplink assets from K LLC will provide certain uplink and master control management services for Sorpresa . Juniper Content also will assign its earth station license to S subject to approval by the Federal Communication Commission. About Juniper Content Corporation Juniper Content is a media and entertainment company focused on branded content services in high growth markets operating across multiple distribution channels. The Company owns and operates Sorpresa the nation s first Hispanic children s television network and digital community. The Company plans to build on Sorpresa s status in Hispanic Children s programming to secure a significant position in the expanding U.S. Hispanic media marketplace and to acquire niche content providers to allow the Company to participate in the accelerating growth of digital media in the general media marketplace. Sorpresa is offered on Cablevision Charter Comcast NCTC Cox Time Warner Verizon FiOs and in Puerto Rico on Liberty Cablevision Choice Cable TV and OneLink. Sorpresa content is also available through third party multiplatforms including MobiTV the provider of Spanish language video services to Alltel Wireless AT T and Sprint and Brightcove the exclusive broadband video player to http www.sorpresatv.com . Juniper Content Forward Looking Statements This press release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of regarding future events and future performance of Juniper Content Corporation. These statements are based on management s current expectations or beliefs. Actual results may vary materially from those expressed or implied by the statements herein. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of Juniper Content Securities and Exchange Commission filings. For a description of certain factors that could cause actual results to vary from current expectations and forward looking statements contained in this press release refer to documents that Juniper Content files from time to time with the Securities and Exchange Commission. Juniper Content is under no obligation to and expressly disclaims any obligation to update or alter its forward looking statements whether as a result of new information future events changes in assumptions or otherwise. Contact Investor Lippert Heilshorn Associates Keith Lippert Carolyn Capaccio Source Juniper Content Corporation Email Story Set News Alert Print Story Copyright Yahoo Inc. All rights reserved. Privacy Policy Terms of Service Copyright Business Wire . All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user s personal reference without express written permission is prohibited. Further distribution of these materials by posting archiving in a public web site or database or redistribution in a computer network is strictly forbidden. Witching hour Grand Blanc area youth hit the streets for trick or treating Season ender Wilkins and Bryant elementary students play flag football MORE FLINT PHOTOS GALLERY ARCHIVES FLINT NEWS VIDEO Zombie Walk U of M Flint Video Gamers Club Creator of God A Brain Surgeon s Story MORE NEWS VIDEO COMMUNITY PAPERS Select a newspaper The Community Newspapers Community Sports Community Opinion Burton News Clio Messenger Davison Flagstaff Fenton Press Flint Township News Flushing Observer Grand Blanc News Swartz Creek News CONTACT US Place an ad Classifieds Newspaper Rate Card Buy Subscribe to the Journal Long term text archives Page Photo Reprints Contact the Newspaper Staff Contacts Additional Contacts AP NEWSFLASH Favre less NFC North is hard to figure out p.m. EST Thousands line up to cast votes across Michigan p.m. EST Agencies sued over starvation of foster child p.m. EST MORE AP HEADLINES Statewide Elections Results Live results starting at p.m. Top Races U.S. President State and National U.S. Senate U.S. House Races State Ballot Proposals State Judges Court State Education Boards State House Districts State House Districts State House Districts State House Districts State House Districts State House Districts Complete Statewide coverage charged in Grand Rapids area slaying of Flint native Mashonda Griffin by Nardy Baeza Bickel The Grand Rapids Press and Shannon Murphy The Flint Journal Monday November PM GRAND RAPIDS Michigan Mashonda Griffin excelled in life starting her first business at and inspiring others to follow their dreams friends said. Friends and family are now mourning the loss of Griffin a Flint native who was found slain Wednesday at her Wyoming home near Grand Rapids. Two people Andrew Neal and LaCarla McCarty are being held in the Kent County Jail on felony murder warrants. Griffin graduated with honors from Flint Central High School in after which she moved to the Grand Rapids area to go to Grand Valley State University. She remained there working as a mortgage loan officer. Flint Journal extras Services for Mashonda Griffin A viewing for friends and family of Mashonda Griffin will be from to p.m. Wednesday at Gillespie Funeral Services Eastern Ave. SE in Grand Rapid Funeral services will be at a.m. Thursday at Messiah Missionary Baptist Church Henry Ave. SE in Grand Rapids. A memorial service at New Heaven Missionary Baptist Church in Flint will be at a later date. She was a very giving person said friend Kamilah Bashir who graduated high school with Griffin. She really believed dreams could come true and helped others achieve that goal. Friends said Griffin was percent genuine helping others whenever she could and even helping to start a foundation in the name of a friend who died of cancer. While in school in Flint she was active in theater band and National Honor Society. At she started her first business Mashonda s Tutoring Service where she tutored middle and high school students in math according to an e mail from her family. She also was the founder and chief executive officer of Visions F C Other Cities Radar More . Change Location BUSINESS FINDER Find Local Businesses VOTER GUIDE Compare hundreds of local and national candidates in the online voter guide. Enter your information below to begin building your ballot. Address City ZIP CANDIDATES RACES MORE VOTER GUIDE LATEST FROM THE FLINT JOURNAL Sports Longtime baseball manager Roger Foutch set to enter Greater Flint Area Sports Hall of Fame Michigan State women s soccer program still solid under Flint coach Tom Saxton Business Genesee County classrooms taking stock in market s ups and downs Entertainment Contest winner Maria Rose Fournier looking to future Community load href n rss render index.ssf blog.mlive.com flintcommunity impact rss.xml Shopping Ladies First Winter Travel Brochures Flint Apartment Locator Michigan Campground Directory Flint Answer Book Winter Magazine Michigan Festivals Back To The Bricks Flint Realtor Review Flint Auto Alley See all Flint Journal Special Sections FLINT BLOGS Come Heller High Water by Andrew Heller Play the Electoral College game Politico says watch for these five things tonight MORE Offbeat by Bryn Mickle Jennifer Hudson family tragedy PR firm learns lesson on trying to capitalize from multiple murders Offbeat Stamp of disapproval Man admits to selling drugs at post office MORE Feedback by Journal staff Detroit Pistons to trade Chauncey Billups Antonio McDyess for Allen Iverson What do you think GM merger aid nixed by U.S. Treasury Department MORE Elections Coverage by Journal staff Gov. Jennifer Granholm meets with voters at Sarvis Center Voter turnout remains steady at area polls after initial morning rush MORE VOICES The view from one precinct it s not that bad out there Politico says watch for these five things tonight MORE Home News Sports Forums Blogs Entertainment Jobs Autos Real Estate Classifieds Shopping Complete Forecast RSS Feeds RSS Terms and Conditions Site Index About Us Contact Us Advertise Help Feedback Ann Arbor News Bay City Times Flint Journal Grand Rapids Press Jackson Citizen Patriot Kalamazoo Gazette Muskegon Chronicle Saginaw News Michigan Live LLC. All Rights Reserved. Use of this site constitutes acceptance of our Advertising Agreement User Agreement and Privacy Policy .
Juniper Content Eliminates Debt and Substantially Reduces Cost of Operations Business Wire via Yahoo Finance 2 charged in Grand Rapids area slaying of Flint native Mashonda MLivecom
Tue, 04 Nov 2008 16:43:46 +0000
Juniper Content will continue to focus on the growth of the Sorpresa network and its digital community doing so with a strengthened balance sheet and a reduction in cash expenditures stated Stuart B. Rekant Juniper Content Chairman and CEO of Sorpresa . Management can now devote all of its efforts to Sorpresa the brand for Hispanic kids and their families and a targeted vehicle for advertisers seeking to reach this very attractive demographic. In addition we continue to conduct active discussions to secure additional financing to fund our growth and operations. At the end of September the physical production and uplink assets in the Fort Worth facility had a net book value of approximately . million. The Company transferred these assets to K LLC an entity controlled by Raymond K. Mason Juniper Content s Vice Chairman of the Board and largest stockholder in exchange for the cancellation of the principal amount promissory note held by K and the issuance of face amount of Senior Convertible Series A Preferred Stock which is convertible into shares of Common Stock at any time in whole or in part at a conversion price of . per share subject to adjustment. The cancellation of the promissory note will result in the elimination of approximately in annual interest expense. In addition Juniper Content completed a lease assignment and three year sublease and services agreements with Fort Worth Texas based Studios Inc. S the new operator of the facility and an affiliate of Mr. Mason. The Company assigned to S all of its rights to the existing lease for the Fort Worth facility subleasing from S approximately square feet. Under the services agreement S which has also acquired the transferred physical production and uplink assets from K LLC will provide certain uplink and master control management services for Sorpresa . Juniper Content also will assign its earth station license to S subject to approval by the Federal Communication Commission. About Juniper Content Corporation Juniper Content is a media and entertainment company focused on branded content services in high growth markets operating across multiple distribution channels. The Company owns and operates Sorpresa the nation s first Hispanic children s television network and digital community. The Company plans to build on Sorpresa s status in Hispanic Children s programming to secure a significant position in the expanding U.S. Hispanic media marketplace and to acquire niche content providers to allow the Company to participate in the accelerating growth of digital media in the general media marketplace. Sorpresa is offered on Cablevision Charter Comcast NCTC Cox Time Warner Verizon FiOs and in Puerto Rico on Liberty Cablevision Choice Cable TV and OneLink. Sorpresa content is also available through third party multiplatforms including MobiTV the provider of Spanish language video services to Alltel Wireless AT T and Sprint and Brightcove the exclusive broadband video player to http www.sorpresatv.com . Juniper Content Forward Looking Statements This press release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of regarding future events and future performance of Juniper Content Corporation. These statements are based on management s current expectations or beliefs. Actual results may vary materially from those expressed or implied by the statements herein. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of Juniper Content Securities and Exchange Commission filings. For a description of certain factors that could cause actual results to vary from current expectations and forward looking statements contained in this press release refer to documents that Juniper Content files from time to time with the Securities and Exchange Commission. Juniper Content is under no obligation to and expressly disclaims any obligation to update or alter its forward looking statements whether as a result of new information future events changes in assumptions or otherwise. Contact Investor Lippert Heilshorn Associates Keith Lippert Carolyn Capaccio Source Juniper Content Corporation Email Story Set News Alert Print Story Copyright Yahoo Inc. All rights reserved. Privacy Policy Terms of Service Copyright Business Wire . All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user s personal reference without express written permission is prohibited. Further distribution of these materials by posting archiving in a public web site or database or redistribution in a computer network is strictly forbidden. Witching hour Grand Blanc area youth hit the streets for trick or treating Season ender Wilkins and Bryant elementary students play flag football MORE FLINT PHOTOS GALLERY ARCHIVES FLINT NEWS VIDEO Zombie Walk U of M Flint Video Gamers Club Creator of God A Brain Surgeon s Story MORE NEWS VIDEO COMMUNITY PAPERS Select a newspaper The Community Newspapers Community Sports Community Opinion Burton News Clio Messenger Davison Flagstaff Fenton Press Flint Township News Flushing Observer Grand Blanc News Swartz Creek News CONTACT US Place an ad Classifieds Newspaper Rate Card Buy Subscribe to the Journal Long term text archives Page Photo Reprints Contact the Newspaper Staff Contacts Additional Contacts AP NEWSFLASH Favre less NFC North is hard to figure out p.m. EST Thousands line up to cast votes across Michigan p.m. EST Agencies sued over starvation of foster child p.m. EST MORE AP HEADLINES Statewide Elections Results Live results starting at p.m. Top Races U.S. President State and National U.S. Senate U.S. House Races State Ballot Proposals State Judges Court State Education Boards State House Districts State House Districts State House Districts State House Districts State House Districts State House Districts Complete Statewide coverage charged in Grand Rapids area slaying of Flint native Mashonda Griffin by Nardy Baeza Bickel The Grand Rapids Press and Shannon Murphy The Flint Journal Monday November PM GRAND RAPIDS Michigan Mashonda Griffin excelled in life starting her first business at and inspiring others to follow their dreams friends said. Friends and family are now mourning the loss of Griffin a Flint native who was found slain Wednesday at her Wyoming home near Grand Rapids. Two people Andrew Neal and LaCarla McCarty are being held in the Kent County Jail on felony murder warrants. Griffin graduated with honors from Flint Central High School in after which she moved to the Grand Rapids area to go to Grand Valley State University. She remained there working as a mortgage loan officer. Flint Journal extras Services for Mashonda Griffin A viewing for friends and family of Mashonda Griffin will be from to p.m. Wednesday at Gillespie Funeral Services Eastern Ave. SE in Grand Rapid Funeral services will be at a.m. Thursday at Messiah Missionary Baptist Church Henry Ave. SE in Grand Rapids. A memorial service at New Heaven Missionary Baptist Church in Flint will be at a later date. She was a very giving person said friend Kamilah Bashir who graduated high school with Griffin. She really believed dreams could come true and helped others achieve that goal. Friends said Griffin was percent genuine helping others whenever she could and even helping to start a foundation in the name of a friend who died of cancer. While in school in Flint she was active in theater band and National Honor Society. At she started her first business Mashonda s Tutoring Service where she tutored middle and high school students in math according to an e mail from her family. She also was the founder and chief executive officer of Visions F C Other Cities Radar More . Change Location BUSINESS FINDER Find Local Businesses VOTER GUIDE Compare hundreds of local and national candidates in the online voter guide. Enter your information below to begin building your ballot. Address City ZIP CANDIDATES RACES MORE VOTER GUIDE LATEST FROM THE FLINT JOURNAL Sports Longtime baseball manager Roger Foutch set to enter Greater Flint Area Sports Hall of Fame Michigan State women s soccer program still solid under Flint coach Tom Saxton Business Genesee County classrooms taking stock in market s ups and downs Entertainment Contest winner Maria Rose Fournier looking to future Community load href n rss render index.ssf blog.mlive.com flintcommunity impact rss.xml Shopping Ladies First Winter Travel Brochures Flint Apartment Locator Michigan Campground Directory Flint Answer Book Winter Magazine Michigan Festivals Back To The Bricks Flint Realtor Review Flint Auto Alley See all Flint Journal Special Sections FLINT BLOGS Come Heller High Water by Andrew Heller Play the Electoral College game Politico says watch for these five things tonight MORE Offbeat by Bryn Mickle Jennifer Hudson family tragedy PR firm learns lesson on trying to capitalize from multiple murders Offbeat Stamp of disapproval Man admits to selling drugs at post office MORE Feedback by Journal staff Detroit Pistons to trade Chauncey Billups Antonio McDyess for Allen Iverson What do you think GM merger aid nixed by U.S. Treasury Department MORE Elections Coverage by Journal staff Gov. Jennifer Granholm meets with voters at Sarvis Center Voter turnout remains steady at area polls after initial morning rush MORE VOICES The view from one precinct it s not that bad out there Politico says watch for these five things tonight MORE Home News Sports Forums Blogs Entertainment Jobs Autos Real Estate Classifieds Shopping Complete Forecast RSS Feeds RSS Terms and Conditions Site Index About Us Contact Us Advertise Help Feedback Ann Arbor News Bay City Times Flint Journal Grand Rapids Press Jackson Citizen Patriot Kalamazoo Gazette Muskegon Chronicle Saginaw News Michigan Live LLC. All Rights Reserved. Use of this site constitutes acceptance of our Advertising Agreement User Agreement and Privacy Policy .
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