Bassett Media Group Inc. announces that it has formally engaged Harris Brown & Partners Limited as its exclusive Financing Advisor & Agent. HB will immediately “undertake a Restructuring Plan & Proposal on behalf of BMG in the best interests of all shareholders and creditors”.

As part of its terms of engagement, Harris Brown has arranged an Emergency Standby Credit Line of $500,000 for the purposes of providing critical operating capital for BMG during the restructuring period.

Jeffrey Phipps, President and Chief Executive Officer of Harris Brown says “Due to harsh economics in the past two years, especially in the media sector, Bassett Media Group was unable to access the necessary capital to carry out its original business plan. We are hopeful that BMG’s creditors understand that and will embrace BMG’s refocused business plan, objectives and growth strategies.”