TORONTO, May 16 Kaboose-Annual-Meetng
TORONTO, May 16 /PRNewswire-FirstCall/ - Kaboose Inc. (TSX: KAB), one of
the largest family-focused new media companies in the world, held its third
annual meeting of shareholders yesterday, May 15, 2008, in Toronto, Canada.
Results of the Meeting
Kaboose Shareholders voted to:
- Re-elect the following directors to serve a one-year term:
- Jason DeZwirek, Chairman & Chief Executive Officer;
- Bernie Kraft, Director & Chairman of the Audit Committee;
- Daniel Ambrose, Director;
- Jonathan Graff, Director; and
- Michael Winton, Director;
- Re-appoint Ernst & Young LLP as auditors for Kaboose for 2008; and
- Authorize certain amendments to Kaboose's stock incentive plan.
Following the formal portion of the meeting, Mr. DeZwirek discussed the
evolution of Kaboose into a truly international organization with operations
in the United Kingdom, the United States and Canada. He also reviewed the
Company's progress, highlighting the revenue and EBITDA growth in the first
quarter of 2008.
Additionally, further to the normal course issuer bid announced March 7,
2008, to date the Company has purchased 1,110,499 shares in the open market at
an average price of $0.93. The repurchased shares were subsequently cancelled.
About Kaboose Inc.
Kaboose is one of the largest family-focused new media companies in the
world and one of the top-five most visited family destinations online. From
pregnancy to parenting, birthday parties to scrapbooking, and entertainment to
education, Kaboose has the content and applications to help parents plan and
share their family life. Kaboose owns some of the world's leading online
properties targeting families, including Bounty.com, BabyZone.com,
Kaboose.com, AmazingMoms.com, TwoPeasInABucket.com, BubbleShare.com,
BirthdayInABox.com, Funschool.com and Zeeks.com. Kaboose trades on the Toronto
Stock Exchange under the symbol "KAB."
This document may contain forward-looking statements relating to Kaboose
Inc.'s operations or to the environment in which it operates, which are based
on Kaboose Inc.'s operations, estimates, forecasts and projections. These
statements are not guarantees of future performance and involve risks and
uncertainties that are difficult to predict, and/or are beyond Kaboose Inc.'s
control. A number of important factors could cause actual outcomes and results
to differ materially from those expressed in these forward-looking statements.
Consequently, readers should not place any undue reliance on such
forward-looking statements. Kaboose Inc. disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
SOURCE Kaboose Inc.
