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Tuesday, June 29th, 2010

Distribution Access Signs Definitive Agreement to Acquire Canamedia Inc.

Toronto, ON –DISTRIBUTION ACCESS, Canada's leading provider of educational video content announces the signing of a definitive agreement to acquire Canamedia Inc., one of Canada’s longest established broadcast distribution and production companies.

Canamedia has become one of the world’s leading distributors of lifestyle, adventure and outdoors programming and as a major syndicator across Canada boasts a catalogue of more than 1500 titles, plus ongoing production projects.

With a library of over 15,000 titles, DISTRIBUTION ACCESS serves over 16,000 Canadian educational institutions – elementary, secondary, post-secondary, libraries – and Canadian learners of all ages in their homes as well as educational and broadcasting organizations around the world. This extensive library also provides its digital video content via proprietary digital platforms.
 
The combined libraries for television broadcast and non-theatrical educational distribution, with the global reach of both companies, together with digital applications and production expertise, will help propel DISTRIBUTION ACCESS as an even more significant player in educational media production and distribution in Canada and around the world.
 
“This acquisition provides Distribution Access with significant new content for our digital applications along with a solid foundation for growing our global broadcast distribution division” says Doug Connolly, President of Distribution Access. “These are two very complimentary businesses and we are particularly pleased to welcome Les Harris to our Board of Directors and as Senior Producer to oversee our production activities moving forward” adds Dr. Ron Keast, Chairman of the Distribution Access Board.

“Combining the activities and talent of these two organizations will position us to serve the growing demand for digital programming on a wide variety of platforms while focusing production efforts toward the needs of specialty and niche program providers. I am excited to continue my 40+ years of production experience working with the Distribution Access team” says Les Harris, President of Canamedia; adding, “Producers and clients of Canamedia will receive the benefit of a stronger and better positioned company as we move forward together.”


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