KEW MEDIA GROUP Announces Acceleration by Senior Lenders and Receipt of Notice of Intention to Enforce Security

TORONTO--()--KEW MEDIA GROUP INC. (“KEW” or the “Company”) (TSX: KEW and KEW.WT) today announced that Truist Bank (as successor by merger to SunTrust Bank) (“Truist”), as administrative agent under KEW’s senior credit facilities, has accelerated the maturity date and terminated the commitments under KEW’s senior credit facilities. Truist has demanded repayment of all amounts owing under the senior credit facilities and delivered a Notice of Intention to Enforce Security under Section 244 of the Bankruptcy and Insolvency Act (Canada) to KEW and Kew Media International (Canada) Inc. Following a 10-day notice period, KEW’s senior lenders may take steps to enforce on their security.

Contacts

Investor Relations:
investors@kewmedia.com

Media:
Longview Communications & Public Affairs
Peter Block
416-649-8008

Contacts

Investor Relations:
investors@kewmedia.com

Media:
Longview Communications & Public Affairs
Peter Block
416-649-8008