NETWORK MEDIA GROUP ANNOUNCES 2024 THIRD QUARTER RESULTS

VANCOUVER, BC, Oct. 30, 2024 /CNW/ - Network Media Group Inc. (TSXV:NTE.VN) (OTC:NETWF) ("Network" or "the Company") today reported financial results for the third quarter ended August 31, 2024 ("Q3 2024"), including three-month revenues of $2,836,100 (2023 - $2,638,225), a net loss of $769,399 (2023 – a net income of $805,701) and Adjusted EBITDA loss of $579,161 (2023 – Adjusted EBITDA income of $1,100,301), and a backlog of $10.7M. On a per-share basis, the Company reports a loss of $0.04 per share (2023 – earnings of $0.05) and an Adjusted EBITDA loss per share of $0.03 (2023 – Adj. EBITDA earnings of $0.06). The income per share figures are reported on a post-consolidation basis. The financial statements and related Management's Discussion and Analysis ("MD&A") can be viewed on SEDAR+ at sedarplus.ca.