TIDMBRST 
 
RNS Number : 1809O 
Burst Media Corporation 
03 March 2009 
 

3 March 2009 
 
 
Burst Media Corporation ("Burst" or the "Company") 
 
 
Statement re recent share price movement and year end trading update 
 
 
The Directors of Burst (the "Board") have noted the recent movements in the 
Burst share price and provide the following statement. 
 
 
The Board emphasises that it is not currently negotiating with any third party 
with regards a possible offer for the Company. However, on 22 January 2009, the 
Board received an unsolicited indicative expression of interest regarding a 
potential cash offer for the Company at a price of between 6.3 pence and 7.0 
pence per Burst share (the "Expression of Interest"). The Expression of Interest 
represented a discount to the value per share of the Company's cash balance and 
the Board unanimously rejected it as wholly inappropriate and unreflective of 
the worth of the Burst businesses. The Board acknowledges the possibility that 
the Expression of Interest may be revised and resubmitted for further 
consideration in due course. 
 
 
The Board will continue to evaluate any appropriate approaches 
received. However, as highlighted in the Company's announcement on 21 January 
2009, the Board believes that, in view of its current trading performance and 
strong balance sheet and the challenging macro economic climate, proactive 
efforts to sell the Company at this time would not be in the best interest of 
Burst shareholders.  The Board is focusing on the ongoing development of the 
Company and believes that opportunities exist for the Company to take advantage 
of its relative strength to add critical mass to its businesses and to generate 
shareholder value. 
 
 
In addition, the Board is now in a position to provide an update regarding 
trading for the year ended 31 December 2008. On 24 July 2008, the Company 
announced that it expected Adjusted 
 EBITDA(1) for the year to 31 December 
2008 to be between $(0.7) million and $0.5 million. The Board currently expects 
Adjusted EBITDA for the year to 31 December 2008 to be at the top end of this 
indicated range. 
 
 
It should be noted that, as a US corporation, the City Code on Takeovers and 
Mergers does not apply to the Company. Further announcements will be made as 
appropriate. 
 
 
Note: 
 
 
(1) "Adjusted EBITDA" is defined as net income excluding restructuring charges 
and stock-based compensation before interest income, taxes, depreciation and 
amortization and costs relating to the current review of strategic alternatives 
and is a non-U.S. GAAP financial measure. The Company believes Adjusted EBITDA 
provides meaningful insight into the Company's ongoing economic performance and 
therefore uses it internally to assist in evaluating and managing the Company's 
operations. 
 
 
Enquiries: 
 
 
+------------------------------------+------------------------------------+ 
| Burst Media Corporation            |                                    | 
+------------------------------------+------------------------------------+ 
| Jarvis Coffin, Chief Executive     | Tel: +1 781 852 5271               | 
| Steve Hill, Chief Financial        |                                    | 
| Officer                            |                                    | 
+------------------------------------+------------------------------------+ 
|                                    |                                    | 
+------------------------------------+------------------------------------+ 
| Altium                             |                                    | 
+------------------------------------+------------------------------------+ 
| Tim Richardson / Paul Chamberlain  | Tel: +44 (0) 20 7484 4040          | 
+------------------------------------+------------------------------------+ 
 
 
+------------------------------------+------------------------------------+ 
| Hudson Sandler                     |                                    | 
+------------------------------------+------------------------------------+ 
| Nick Lyon / James White            | Tel: +44 (0) 20 7796 4133          | 
+------------------------------------+------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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