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MediaCentral Corporation, Canadian Business Journal in discussions to reach agreement with secured creditors

Toronto, March 9, 2022 (GLOBE NEWSWIRE) — Media Central Corporation, Inc. (CSE: FLYY, FSE: 3AT) or (“Company”) announced today that it is attempting to reach an agreement with its holders (“Corporate Bond Holders”). ”) Of the convertible bonds secured by Kosha with a total principal of approximately $ 1,026,000. We are currently in default of corporate bond holders and are in negotiations.

Media Central Corporation Inc.about

Media Central Corporation Inc. (CSE: FLYY, FSE: 3AT) recently acquired Vancouver Free Press Corp., acquired NOW Communications Inc., and launched the digital cannabis platforms CannCentral.com and ESports Outlet ECentralSports.com.

www.mediacentralcorp.com

CSE has not validated or confirmed the validity or accuracy of this release and is not responsible for it.

Precautions regarding forward-looking statements

The specific information in this news release constitutes a forward-looking statement under applicable securities law. Any non-historical statement contained in this news release may be considered a forward-looking statement. Forward-looking statements are often “may”, “should”, “expect”, “expect”, “potential”, “believe”, “intended”, Or they are identified by negative or similar expressions in these terms. Forward-looking statements in this news release may include, but are not limited to, internal expectations, estimated margin expectations, cost structures, and media industry cost structures. Forward-looking statements necessarily include known and unknown risks, including but not limited to risks related to general economic conditions. Industry adverse events; Marketing costs; Market losses; Future legislative and regulatory developments, including: Inability to access sufficient capital from internal and external sources and / or in favorable conditions. Media industry in general, income tax and regulations. The ability of MediaCentral to implement business strategies. Competition; currency and interest rate fluctuations and other risks.

Please note that the above list is not exhaustive and requires careful consideration of the various risks and uncertainties identified in our filings regarding SEDAR. Readers should also be careful not to place undue reliance on forward-looking statements. There is no guarantee that any plans, intentions, or expectations will arise in which they will be placed. Such information is considered reasonable by management at the time of creation, but may prove inaccurate and actual results may differ materially from expectations.

Forward-looking statements contained in this news release were made as of the date of this news release and we intend to reflect new information, subsequent events, or otherwise unless required by the relevant securities. We undertake no obligation to publicly update such forward-looking statements. law.

The forward-looking statements contained in this news release are explicitly modified by this notice.

Source: Media Central Corporation Inc.

contact address:

Maria Missieri
Corporate secretary
mariam@mediacentralcorp.com
416-434-6311

www.mediacentralcorp.com


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MediaCentral Corporation, Canadian Business Journal in discussions to reach agreement with secured creditors

Source link MediaCentral Corporation, Canadian Business Journal in discussions to reach agreement with secured creditors

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