MEDIABIZ INTERNATIONAL RECEIVES SUPPORT FROM FONDACTION FOR THE GROWTH OF ITS
PRODUCTION DIVISION

MONTREAL, Aug. 26 /CNW Telbec/ - Mrs Karine Martin, President of Mediabiz International is pleased to announce the participation of Fondaction, the Development Fund of the CSN, in a financing round that will allow Mediabiz International to continue the growth of its TV, movie and multi-platform production division. 

« Mediabiz is particularly pleased to receive the support of Fondaction as we embark on a growth phase of our production division. », stated Karine Martin.

« Through strategic alliances with renowned international partners forged over the past 10 years, Mediabiz International has grown into a unique one-stop-shop. Fondaction's financial support demonstrates our faith in Mediabiz's vision and expertise to make its production division produce significant dividends for Quebec. », indicated Réjean Watier, Head of Investments at Fondaction.

Mediabiz's annual production volume already totals close to $100 million : animated tv series, telepics and movie projects with the most creative players in Hollywood and beyond.

MEDIABIZ INTERNATIONAL, founded in 2000, started out in international financial structures for the entertainment industry. In 2009, the company sought to strenghthen its positioning in the industry. The goal : build a Quebec-based entity into a one-stop-shop with financial expertise, as well as development, pre-production, production and post-production, for tv and movie projects. Mr. Ronald Gilbert, an industry veteran with more than 25 years experience and who has worked with major canadian, US and international broadcasters and producers, has joined the Mediabiz team as Vice President and Head of Production.

About Fondaction

Created 15 years ago, Fondaction invests in venture capital in order to maintain and create quality jobs in Québec, in a sustainable development perspective. It manages $700 million in assets derived from retirement savings collected from 100,000 shareholders. It is the financial partner of about one hundred SMEs and partner and specialized funds. It favours enterprises that subscribe to a participatory management process, enterprises in the social economy (employee-controlled, cooperatives, etc.) and those that practice environmental stewardship.

For further information:

The contact numbers below are to be used exclusively by the media.

Source: Mediabiz International

Contacts:

Marie-Christine Demers, Cohn & Wolfe | Montreal, for Mediabiz International
514-845-2257 #4244

Suzanne La Ferrière, Communications, Fondaction,
514 525-7041