Mr. Eric Boyko reports

STINGRAY ANNOUNCES CLOSING OF TRANSACTION WITH BRAVA TV GROUP

Stingray Digital Group Inc. has closed the previously announced transaction with the Brava TV Group.

The transaction entailed the acquisition of all of the issued and outstanding shares in the share capital of Brava NL BV, Brava HDTV BV and Djazz TV BV, distributors of three successful thematic channels dedicated to high-end music and cultural content.

Both parties approved the terms of the acquisition. As previously announced on July 23, Stingray will fully own and operate the television music channels Brava NL, Brava HD and Djazz.tv.

"Today marks an exciting day in Stingray's history," said Eric Boyko, president, chief executive officer and founder of Stingray. "With the acquisition of Brava NL, Brava HD and Djazz.tv, we significantly increase our ability to provide the highest-quality content to classical music and jazz connoisseurs worldwide."

Channel details

Brava NL and Brava HD

Brava NL and Brava HD are the world's only music channels dedicated to programming live opera, ballet and classical music performances. Brava was the first European channel to broadcast in high definition and in Dolby Digital audio quality.

Djazz.tv

Djazz.tv is the first and only channel in the world dedicated to jazz and related music genres. The channel's programming consists of live jazz, funk, reggae, soul, gospel, blues and world music performances, as well as portraits, films and documentaries.

All three sister channels present content without talk, advertising or interruptions.