Znaimer and company sinks $1 million into building Zoomer

Zoomer Media Limited's driving force and chief executive Moses Znaimer, has exercised an option to buy $1 million in shares of the company through the Toronto-based holding company he controls, Olympus Management Limited. According to a release published the last day of 2008, Znaimer made the purchase to fund the continued investment of operating capital in development of Zoomer magazine and its associated websites.

Previous to the purchase of the 10 million shares at 10 cents apiece, Olympus and Znaimer personally own a combined 80% of the company. Znaimer personally owned 63,000 common shares and has options on a further 500,000 as a management incentive.

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