Mr. Moses Znaimer reports

ZOOMERMEDIA ANNOUNCES ACQUISITION OF THE PEAK CANADA'S SOURCE FOR CONCISE CANADIAN BUSINESS NEWS

ZoomerMedia Ltd. has completed the acquisition of all the outstanding shares of The Peak Media Collective Inc. (PMC). Founded in 2020, The Peak serves busy Canadian professionals and business leaders with the top global business, finance and tech stories of the day packaged in a smart, fast and easily digestible format. The aggregate purchase price of $5-million comprises $3.5-million cash on closing and a $1.5-million promissory note.

The Peak's flagship daily newsletter covers the biggest Canadian and global business stories and has a readership of 115,000 Canadians, predominantly affluent young professionals in urban centres who are actively in the market for financial products and services. Its personal finance newsletter reaches nearly 25,000 Canadians.

The Peak's podcasts -- The Peak Daily , a seven-minute weekday news roundup co-hosted by Brett Chang and Jay Rosenthal, and Free Lunch featuring weekly deep-dive interviews with prominent Canadian experts and policymakers -- are downloaded over 100,000 times every month.

The Peak also reaches millions of Canadians monthly -- 2.8 million in May, 2023 -- with fun, smart business news and content through its fast-growing platforms on TikTok and Instagram.

Said Moses Znaimer, founder, chief executive officer and president, ZoomerMedia: "Business news is serious business, but I've been a fan of The Peak's lighter tone, packaged along with its concise content, since I first came upon it a while ago. I understand busy people and if The Peak can bring them, which is to say me, all the top daily finance and tech stories we need to know in less than 10 minutes, that's a big idea with a big future.

"This acquisition follows our recent additions of blogTO and The Daily Hive to ZoomerMedia's roster of digital publications, and furthers our expansion into subject verticals that are most relevant to Canadians. Taken together with EverythingZoomer.com and our legacy television and radio properties, they amplify our ability to appeal to different generations through different platforms and genres."

Said Mr. Chang, CEO and co-founder of The Peak: "This is an incredible opportunity to supercharge The Peak's mission of becoming the go-to media outlet for modern business leaders and decision makers in Canada. Not only will Zoomer's resources allow us to grow faster and further than we could have alone, the opportunity to learn from and work with Moses will help take our operation to the next level."

About ZoomerMedia Ltd.

Founded by television and media icon Mr. Znaimer in 2008, ZoomerMedia is a multimedia company devoted to creating content, services and experiences for Canada's most powerful audiences: the 17.2 million people aged 45-plus, also known as Zoomers, and the 13.7 million Millennials and Gen Zs, coincidentally also called Zoomers, who follow in their footsteps.

ZoomerMedia operates five TV, two radio, three print, three live event and 15 digital properties, including the newly acquired youth-friendly local news and lifestyle digital publication blogTO. ZoomerMedia produces original TV, radio and podcast programming, offers clients creative audio and video production services, and bespoke events on site at its 2.6-acre complex in Toronto's Liberty Village.