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Heritage Media Reports Strong Advertiser Interest in Recently Installed Canadian Billboard; Completes Formation of Operating Subsidiary in India to Launch Far East Market

May 6, 2009

CALGARY, Alberta, May 6 /PRNewswire-FirstCall/ — Heritage Media Corporation (Pink Sheets: HMCP) today announced that its North American operating subsidiary, Screen Giant Media Corporation, has installed and is now operating its second outdoor LED video billboard at Calgary’s McMahon Stadium, home of the 2008 Grey Cup winning Calgary Stampeders.

The two billboards overlook one of the major high-traffic arteries in Calgary. With the University of Calgary only a few blocks away, pedestrian traffic is also high. McMahon Stadium attracts over a million visitors a year to the many sporting events, community events and concerts it hosts.

Several major advertisers are already using the new LED billboard. They include nationwide TV network CTV, WestJet, Warner Brothers and the Canadian Lottery. These clients gain significantly increased brand exposure and message retention as a direct result of this highly effective digital medium.

Heritage is also pleased to announce the formation of its new operating subsidiary, Screen Giant Media Private Limited (India). Through joint venture partners, Screen Giant India will secure contracts for billboard placements in India’s prime metro areas, including Mumbai and New Delhi. Although the addressable market could easily accommodate 1000 screens, the Company is initially negotiating funding for the build out of a 100-screen network. With a diverse population now exceeding one billion, the demographics of advertising in India are exceptional.

Heritage Media Corporation intends to establish a global network presence in order to maximize the reach and value of its outdoor video advertising services.

About Digital Billboards

The billboard industry now counts 450,000 traditional, static-message billboards in place throughout the U.S. They are seen in all venues and come in many sizes. Variable-message digital billboards, which carry content uploaded via the Internet, are the new kids on the block, representing less than 1% of current installed billboard infrastructure. They are highly attractive to advertisers, who can now convey multiple customized marketing messages on one digital display, varying their content according to season, day of the week and time of day. For billboard owners, digital displays are proving to be huge profit boosters, with one display typically showing ads for seven or more companies every month. Industry experts expect substantial growth in digital billboard placements for many years to come.

About Heritage & Screen Giant

Heritage Media Corporation, through its subsidiary Screen Giant Media Corporation, engages in the strategic placement of large, multimedia video billboards and the subsequent management of all content programming. Established in 2003, Screen Giant pioneered the introduction of environmentally-friendly, state-of-the-art LED video billboards, installing its first outdoor display in 2004. Highly effective outdoor LED video billboards appear destined for dramatic future growth and Screen Giant expects to aggressively participate in that growth. Discover more about this innovative company at www.screengiant.com.

    For investor information, please contact:
    Heritage Media Corporation
    1-877-462-6775
    (403) 313-2585
    Email: jody@screengiant.com

SOURCE Heritage Media Corporation


Source: newswire



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