お知らせ • Jan 10
Gonez Media Inc. acquired NOW Magazine from Media Central Corporation Inc. (CNSX:FLYY). Gonez Media Inc. acquired NOW Magazine from Media Central Corporation Inc. (CNSX:FLYY) on January 9, 2023. On January 17, 2023, the publication will relaunch as NOW in a digital-only format. Media Central Corp., the owner of NOW had filed for bankruptcy in March 2022.
Gonez Media Inc. completed the acquisition of NOW Magazine from Media Central Corporation Inc. (CNSX:FLYY) on January 9, 2023. お知らせ • Sep 28
Overstory Media Group acquired Vancouver Free Press Publishing Corporation from Media Central Corporation Inc. Overstory Media Group acquired Vancouver Free Press Publishing Corporation from Media Central Corporation Inc. on September 27, 2022.
Overstory Media Group completed the acquisition of Vancouver Free Press Publishing Corporation from Media Central Corporation Inc. on September 27, 2022. Board Change • May 10
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director David Daniels is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Dec 02
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: CA$0.001 loss per share (up from CA$0.004 loss in 3Q 2020). Revenue: CA$613.0k (up 52% from 3Q 2020). Net loss: CA$375.0k (loss narrowed 72% from 3Q 2020). Revenue was in line with analyst estimates. Executive Departure • Jun 19
Chief Financial Officer Rodney St. Davis has left the company On the 10th of June, Rodney St. Davis' tenure as Chief Financial Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Rodney St.'s name. A total of 3 executives have left over the last 12 months. Reported Earnings • Jun 02
First quarter 2021 earnings released: CA$0.011 loss per share (vs CA$0.005 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: CA$410.0k (down 40% from 1Q 2020). Net loss: CA$428.0k (loss narrowed 70% from 1Q 2020). お知らせ • Nov 20
Media Central Corporation Inc Announces Board Changes Media Central Corporation Inc. announced the following individuals have been appointed to the Board: David Daniels: David Daniels is a serial business entrepreneur with a successful 35-year track record of profitable small business ownership, including Epic Lighting and Electrical Devices Inc. Mr. Daniels is currently President and CEO of Etlin Daniels, which is an importer and distributor of commercial and industrial lighting products, along with a number of other small enterprises. Emmanuel (Manos) Pavlakis: Emmanuel Manos Pavlakis has had 30 years' experience in building numerous successful companies from the ground up creating multimillion-dollar operations in difficult, international and niche markets in Manufacturing, Commercial and Industrial Real Estate and Investment Banking, including Noble Precision Tooling Inc., Megafoam Inc. and Powergundrilling Inc. Jay Vieira: Mr. Vieira is a sole practitioner specializing in securities and corporate law. From 2016 to 2019, Mr. Vieira was Vice President, Corporate & Legal Affairs for Distinct Infrastructure Group Inc. Prior to joining Distinct Infrastructure Group Inc., Mr. Vieira was a partner at the law firm Blaney McMurtry LLP and Fogler Rubinoff LLP. Mr. Vieira was called to the Ontario Bar in 1999. Concurrent with the above appointments, each of Brian Kalish, Scott Wilson, Gil Steinfeld and Larry Latowsky have resigned as directors of the Corporation. お知らせ • Nov 11
Media Central Corporation Inc. Announces CFO Changes Media Central Corporation Inc. announced that Rodney Davis, CPA has resigned from his position as chief financial officer, effective immediately. Mr. Igor Kostioutchenko, CPA, CA, CD, CFE, CIA, LPA will act as the interim CFO until the vacancy is filled. Mr. Kostioutchenko has extensive experience: applying IFRS, ASPE and U.S. GAAP frameworks, advising on restructuring, mergers, acquisitions and public market offerings, and conducting accounting investigations. Mr. Kostioutchenko led audit and other functions with Collins Barrow, now Baker Tilly Canada. お知らせ • Oct 04
Media Central Corporation Inc. Enters into an Affiliate Partnership with Vessi Media Central Corporation Inc. announced that they have entered into an affiliate partnership with Vessi. The partnership will be featured on the digital platforms of MediaCentral's leading NOW Magazine ("NOW"), and the Georgia Straight ("Straight). The Vessi partnership adds to MediaCentrals affiliate agreements with Spreads, Tia Health, iMD Health, and Wineonline.ca. MediaCentral and its subsidiaries remain committed to providing its engaged audience of 6.5 million with up to the minute reporting on local news, arts, entertainment, and cultural coverage from an editorial perspective. お知らせ • Oct 03
Media Central Corporation Inc. (CNSX:FLYY) entered into a non-binding letter of intent to acquire Varipay Inc. for CAD 3 million. Media Central Corporation Inc. (CNSX:FLYY) entered into a non-binding letter of intent to acquire Varipay Inc. for CAD 3 million on October 2, 2020. As part of consideration Media Central will issue approximately 200 million shares to the shareholders of Varipay in exchange for their shares in Varipay. This acquisition will result in Varipy becoming wholly owned subsidiary of Media Central. Media Central expects to integrate Varipay into its ecommerce platforms and popular digital media sites. Varipay Inc. generated total revenue of CAD 1.7 million and CAD 0.03 million EBITDA in fiscal year 2019. On the successful closing of the transaction, the shareholders of Varipay will nominate two individuals to join Media Central's Board of Directors. Media Central and Varipay will work to entering into a definitive agreement within 30 days. The transaction is subject to completion of mutual due diligence, a comprehensive business valuation report of Varipay, financial audit of Varipay, regulatory approvals, and approval from certain of Media Central's significant shareholders. お知らせ • Sep 26
Media Central Corporation Inc. Enters into Affiliate Partnership with Spreads Media Central Corporation Inc. announced that it has entered into an affiliate partnership with Spreads. The partnership will be featured on the digital platforms of MediaCentral's publications NOW Magazine ("NOW") and the Georgia Straight ("Straight) and the Company's specialised esports and egaming site ECentralSports.com (Ecentral"). Each platform will produce engaging sponsored content that will drive affiliate sales to Spread's website via in-text links, banner ads and emails. お知らせ • Jul 25
Media Central Corporation Inc. (CNSX:FLYY) entered into a binding letter of intent to acquire Budtree Corp. for CAD 2.1 million. Media Central Corporation Inc. (CNSX:FLYY) entered into a binding letter of intent to acquire Budtree Corp. for CAD 2.1 million on July 24, 2020. As part of the consideration, Media Central will issue 85.5 million shares to the shareholders of Budtree in a share exchange. With this acquisition BudTree Corp. to become a wholly-owned subsidiary of Media Central. Budtree.com will join Vancouver’s Georgia Straight, Toronto’s Now Magazine, CannCentral.com, and ECentralSports.com as brands under the Media Central umbrella. A senior member of the Budtree team will join Media Central’s Board of Directors following the closing of the transaction. Additionally, Media Central will complete a CAD 1 million private placement at a price of CAD 0.033, with Media Central responsible for 50% of the private placement and Budtree responsible for the remaining 50% portion of the private placement. The transaction is subject to completion of due diligence, audit, regulatory approvals and a definitive agreement.