ZoomerMedia Limited announced that it has entered into an agreement with VisionTV: Canada's Faith Network/Reseau Religieux Canadien to purchase:
(a) the assets and undertakings of the business of VTV used exclusively and predominantly in connection with VTV's ownership and operation of the Canadian specialty television programming service known as and operating under the name "VisionTV";
(b) all of the issued and outstanding shares in the capital of Christian Channel Inc. owned by VTV, with the primary assets owned by CCI being the CRTC licenses for the television programming undertakings CHNU-TV Fraser Valley and CIIT-TV Winnipeg, also known respectively as "Joytv 10" and "Joytv 11"; and
(c) all of the issued and outstanding shares in the capital of Vision TV Digital Inc. owned by VTV, with the primary asset owned by VTVDI being its 47.22% ownership interest in ONE: The Body Mind and Spirit Channel Inc., being the holder of the CRTC license for an English language Category 1 specialty television service known as ONE: The Body Mind and Spirit Channel.
Source: Broadcaster, 06/15/2009