DHX Acquires Bulldog Interactive

HALIFAX, March 24: DHX
Media has picked up all of the remaining shares of Bulldog Interactive Fitness,
a privately-owned developer of children’s fitness centers.

Based in Dartmouth, Nova
Scotia, Bulldog Interactive has franchised eight locations across Canada to
date. Bulldog Interactive’s centers feature fitness equipment, designed for
children, which incorporate interactive gaming systems such as Nintendo’s Wii
stations and Sony’s DDR dance machines.

The closing was secured by
a cash payment of CAD $625,000 and 99,333 shares in DHX Media, which are
subject to a one-year lockup. Further potential consideration payable by DHX
Media is subject to Bulldog Interactive meeting certain financial performance
benchmarks. Application will be made to AIM and it is expected that the 99,333
common shares will be admitted to trading on March 28.

—By Kristin
Brzoznowski