TORONTO, March 13, 2022 (GLOBE NEWSWIRE) -- Media Central Corporation (CSE: FLYY, FSE:3AT) or (the “Company”) announced today that it continues to defend itself against a civil claim brought by a former employee dating back to July 2020.
The company filed a Form 2 response to Moore, Laura versus Vancouver Free Press Publishing DBA Georgia Straight on September 2, 2020.
The company has declined on two occasions to settle the $250,000 claim.
The next hearing is scheduled on May 3 and 4, 2022.
About Media Central Corporation Inc.
Media Central Corporation Inc. is an alternative media company situated to acquire and develop high-quality publishing assets starting with the recent acquisition of Vancouver Free Press Corp., the purchase of NOW Communications Inc. and the launch of digital cannabis platform CannCentral.com and ESports outlet ECentralSports.com.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Forward-looking statements in this news release may include but are not limited to the company’s ability to successfully defend the lawsuit. Such statements are subject to numerous risks including risks relating to the failure of the company to adequately defend the suit and availability of capital to fund applicable legal fees. Investors should not place undue reliance on forward looking statements and the company disclaims any obligation to update forward-looking statements other than as required by law. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; adverse industry events; loss of markets; future legislative and regulatory developments involving; inability to access sufficient capital from internal and external sources, the media industry generally, and regulatory matters and other risks.
Readers are cautioned that the foregoing list is not exhaustive and should carefully review the various risks and uncertainties identified in the Company’s filings on SEDAR. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
SOURCE: Media Central Corporation Inc.
Contact:
Maria Micieli
Corporate Secretary
mariam@mediacentralcorp.com
416-434-6311
www.mediacentralcorp.com
