DSS Movit Media Corp

Digital Shelf Space Corp. (the "Company" or "DSS") (TSX
VENTURE:DSS)(OTCQX:DTSRF) and Spara Acquisition One Corp. ("SAO") (TSX
VENTURE:SAO.P) are pleased to announce that subject to approval of the TSX
Venture Exchange (the "Exchange") they have entered into a letter of intent (the
"LOI"), pursuant to which SAO will subscribe for common shares (the "DSS
Shares") of DSS, which, upon completion, will constitute SAO's "qualifying
transaction" pursuant to the policies of the Exchange.


Under the proposed terms of the private placement, SAO will invest all of its
available cash reserves, which are estimated to be approximately $500,000 net of
expenses associated with the proposed transaction, in exchange for DSS units
(the "Units") at a price of $0.05 per Unit (subject to adjustment under certain
circumstances). Each Unit shall be comprised of one DSS common share (a "Common
Share") and one DSS warrant exercisable to acquire a Common Share for three (3)
years at an exercise price of $0.10 (a "DSS Warrant").


It is proposed that on closing of the private placement Jason Sparaga, a current
director of SAO, will be appointed to the board of directors of DSS. Mr. Sparaga
is the President of Spara Capital Partners Inc., a provider of customized
investment and merchant banking solutions to owners of private businesses in
matters relating to liquidity, growth or transition, which Mr. Sparaga founded
in 2001. Mr. Sparaga has specific expertise in raising capital, the succession
or sale of privately owned businesses, management buy-outs, and turnarounds. He
is the founder and former Managing Director of TL Corporate Finance Inc. and has
held positions with PriceWaterhouseCoopers LLP and BDO Dunwoody LLP. 


"The Board of SAO are very seasoned and experienced businessmen, and it is a
great vote of confidence for DSS and our business strategy to receive the
financial and human capital support from SAO," said Jeffrey Sharpe President and
CEO of DSS. "We are thrilled to have 'Bay Street' experience joining our Board
in Jason Sparaga."


"We are excited about the opportunities open to Digital Shelf Space and feel
that this transaction will bring value to Spara Acquisition One Corp's
shareholders" said Jason Sparaga, CEO of SAO. "We believe Digital Shelf Space is
a great partner for our qualifying transaction."


As a result of the LOI, DSS has also mutually agreed with Four Winds Financial
Investments S.A., effective immediately, to terminate the loan agreement between
the parties dated September 19, 2012, and at the same time has secured a short
term bridge loan from two private lenders (the "Bridge") for an aggregate loan
amount of $200,000. The Bridge is secured by the Company's assets, has a term of
sixty (60) days, unless otherwise extended by mutual agreement of the parties.
The Bridge has an interest rate of $2500 per $100,000 borrowed, for each thirty
(30) day period or part thereof. In addition the Bridge allows the lender in
their sole discretion, in place of being repaid the monies owing within the
term, to participate in the convertible debenture under the same terms and
conditions defined below, with a 20% increase to the principal amount loaned. 


DSS also intends to complete a brokered private placement in the form of
convertible debentures (the "Debentures") through Fin-XO Securities Ltd.
("Fin-XO") to raise up to $1,500,000 in funds (the "Offering"). The Debentures
shall be unsecured, have a term to maturity of thirty-six (36) months, and carry
an interest rate of twelve percent (12%) per annum payable in cash on a
semi-annual basis. The principal amount of the Debentures shall be convertible
at the holder's option at any time into Common Shares at a conversion price of
$0.10 per common share. The Corporation shall have the right to force the
conversion of the Debentures into Common Shares in the event that the Common
Shares trade at a price of at least $0.20 per Common Share for a period of at
least fifteen (15) consecutive trading days. Following the six-month anniversary
of issuance, the Company shall have the right to redeem the Debentures, in whole
or in part, at a premium of five percent (5%) to the principal value plus any
accrued interest. Subject to regulatory approval, Fin-XO shall have the right to
increase the number of Debentures issued pursuant to the Financing by up to
fifty percent (50%) under the same terms and conditions described herein by
providing written notice to the Company no later than two (2) business days
prior to the closing. The Offering is expected to close on or about April 15,
2013. 


The Company has agreed to pay a cash commission to Fin-XO equal to 7.5% of the
gross proceeds received by the Company from purchasers of the Debentures sold in
the Offering, excluding units sold to purchasers that are insiders or affiliates
of the Company. The Company has also agreed to pay Fin-XO a corporate finance
fee of $7,500 upon closing of the Offering.  


Monies raised from the Offering and private placement contemplated in the LOI
will be used toward marketing and advertising, content development, transaction
and related expenses, and working capital and general corporate purposes.


General Information and Information for Shareholders of SAO

The transaction terms outlined in the LOI are non-binding on the parties at this
point and are expected to be superseded by a definitive subscription agreement
to be signed between the DSS and SAO. The transactions are subject to requisite
regulatory approval, including the approval of the Exchange and standard closing
conditions, including the approval of the transaction by the directors of each
of DSS and SAO, approval of the transaction by the shareholders of SAO as
described below, as well as other closing conditions which will be set out in
the definitive subscription agreement.


Upon completion of the private placement, SAO intends to distribute the Common
Shares and DSS Warrants acquired in the private placement to the shareholders of
SAO on a pro-rata basis as a return of capital. It is expected that each SAO
shareholder will receive approximately 0.59 Common Shares and an equal number of
DSS Warrants for every share of SAO held. The exact ratio will be announced upon
execution of definitive agreements by the parties. Upon completion of the
private placement and distribution of Common Shares and DSS Warrants to the
shareholders of SAO, the shareholders of SAO will hold approximately 12% of the
issued and outstanding Common Shares. 


Shortly after the distribution of the Common Shares and DSS Warrants to its
shareholders, SAO expects to delist its common shares from the Exchange and
complete a voluntary dissolution. All unexercised options and broker warrants to
acquire shares of SAO will be cancelled upon completion of the return of capital
and dissolution.


Pursuant to Multilateral Instrument 61-101 ("MI 61-101"), the proposed
transactions as a whole constitute a "business combination" for SAO and will be
subject to "minority approval" (as such term is defined in MI 61-101) of the SAO
shareholders. For these purposes, the resolutions approving the transactions
must be approved by a majority of the votes cast by holders of securities,
excluding holders of securities whose votes cannot be included for the purposes
of minority approval.


Pursuant to the policies of the Exchange, the proposed transactions will be
subject to Majority of the Minority Approval (as such term is defined in
Exchange Policy 2.4) by the SAO shareholders. For these purposes, the resolution
approving the proposed transactions must be approved by a majority of the votes
cast by holders of securities, excluding securities held by (i) Non-Arm's Length
Parties to SAO, and (ii) Non-Arm's Length Parties to the Qualifying Transaction
(as such terms are defined in Exchange Policy 2.4).


The post-transaction dissolution of SAO described above shall also be subject to
approval by shareholders of SAO in accordance with the Canada Business
Corporations Act.


Further details about the proposed transaction will be provided when the parties
enter into a definitive subscription agreement and in the information circular
to be prepared by SAO and delivered to its shareholders in respect of the
proposed transactions. 


Completion of the transaction is subject to a number of conditions, including
but not limited to, Exchange acceptance and if applicable pursuant to Exchange
Requirements, majority of the minority shareholder approval (as described
above). Where applicable, the transaction cannot close until the required
shareholder approval is obtained. There can be no assurance that the transaction
will be completed as proposed or at all.


Investors are cautioned that, except as disclosed in the information circular to
be prepared by SAO in connection with the proposed transactions, any information
released or received with respect to the proposed transactions may not be
accurate or complete and should not be relied upon. Trading in the securities of
a capital pool company should be considered highly speculative. 


The Exchange has in no way passed upon the merits of the proposed transactions
and has neither approved nor disapproved the contents of this press release.


About Digital Shelf Space Corp.

Digital Shelf Space is an independent creator, producer and distributor of home
entertainment content targeted at the fitness and sports instruction market.
Digital Shelf Space's overall content partnership strategy is to align itself
with world-class, global brand partners. For more information visit
www.digitalshelfspace.com and to view our current projects with Georges
St-Pierre and the TOURAcademy(R), visit www.gsprushfit.com and
www.touracademydvds.com.


About Spara Acquisition One Corp. 

Spara Acquisition One Corp., a capital pool company within the meaning of the
policies of the Exchange, was incorporated on March 11, 2011 and was listed on
the Exchange on November 9, 2011. SAO does not have any operations and has no
assets other than cash. SAO's business is to identify and evaluate businesses
and assets with a view to completing a "qualifying transaction" under the
policies of the Exchange.


Forward Looking Statements

This news release contains forward-looking statements and information based on
current expectations, including statements as to the terms and closing of the
proposed transactions and the uses of proceeds therefrom. These statements
should not be read as guarantees of future performance or results. Such
statements involve known and unknown risks, uncertainties and other factors that
may cause actual results, performance or achievements to be materially different
from those implied by such statements. Although such statements are based on
management's reasonable assumptions, there can be no assurance that the proposed
transactions will occur or that, if the proposed transactions do occur, they
will be completed on the terms described above. Several forward-looking
statements are made as of the date hereof and we assume no responsibility to
update or revise them to reflect new events or circumstances.


Forward-looking information in this news release include statements about the
intention to complete and the details concerning a private placement offering.


In connection with the forward-looking information contained in this news
release, Digital Shelf Space has made numerous assumptions, regarding, among
other things, expected investor interest and pricing of the proposed private
placement offering. While Digital Shelf Space considers these assumptions to be
reasonable, these assumptions are inherently subject to significant
uncertainties and contingencies.


Additionally, there are known and unknown risk factors which could cause Digital
Shelf Space's actual results, performance or achievements to be materially
different from any future results, performance or achievements expressed or
implied by the forward-looking information contained herein. Known risk factors
include, among others: the private placement offering may not close or close on
the terms currently contemplated by Digital Shelf Space; reliance on the health
and marketability of celebrity fitness talent in productions owned by Digital
Shelf Space; actual results from the use of celebrity fitness products may
differ substantially from anticipated results; the substantial investment of
capital required to produce and market video and entertainment productions,
limitations imposed by our financing abilities, unpredictability of the
commercial success of our programming, difficulties in integrating technological
changes and other trends affecting the entertainment industry.


A more complete discussion of the risks and uncertainties facing Digital Shelf
Space is disclosed in Digital Shelf Space's Filing Statement dated November 16,
2010 and continuous disclosure filings with Canadian securities regulatory
authorities at www.sedar.com. All forward-looking information herein is
qualified in its entirety by this cautionary statement, and Digital Shelf Space
disclaims any obligation to revise or update any such forward-looking
information or to publicly announce the result of any revisions to any of the
forward-looking information contained herein to reflect future results, events
or developments, except as required by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Digital Shelf Space Corp.
Jeff Sharpe
President and CEO
604.736-7977 ext. 111
604.736-7944 (FAX)
jeff(at)digitalshelfspace.com
www.digitalshelfspace.com


Spara Acquisition One Corp.
Shane McLean
Corporate Secretary
(613) 599-9600 ex 262
smclean@lwlaw.com

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