OTC Bulletin Board : CMNN Inc.

September 25, 2007 08:31 ET Inc. Closes $5.1 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 25, 2007) - Inc. (OTCBB:CMNN), an emerging growth Internet commerce and media company, today announced that it has accepted subscriptions in a private placement of common shares for 2,550,000 shares at a price of $2.00 per share.

Participants in the financing included institutional investors and select accredited investors, including Chairman and CEO, Geoffrey Hampson as well as the Company's newly appointed President and COO, Jonathan Ehrlich.

Net proceeds from the financing will be used to accelerate growth of the Company's current eCommerce websites, to develop and monetize websites from its roster of world class web properties, to support potential strategic acquisitions and for general working capital.

Mr. Hampson stated, "The fact that we have been able to complete this financing under difficult market conditions is a validation of the potential represented by our assets and the management team we are assembling. I believe we are now positioned for the next phase of our growth and can concentrate on getting more aggressive with the execution of our plan. I am very encouraged by the reception Inc. has received from investors and existing shareholders who support and believe in management's vision and ability to deliver results."

The shares of common stock sold in the private placement have not been registered under the Securities Act of 1933, or any state securities laws, and were sold in a private transaction pursuant to Section 4(2) of the Securities Act of 1933 and Rule 506 of Regulation D of the Securities Act of 1933. The Company has agreed to file a registration statement with the Securities and Exchange Commission covering the resale by the investors of the privately placed common stock. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the shares. The private placement was made by the Company and any opportunity to participate in the private placement was available only to a limited group of institutional and other accredited investors. The Company did not utilize a broker in this transaction.

About Inc. is an emerging growth Internet company that owns, develops and monetizes premium intuitively branded websites in an array of lucrative Online categories, including Health & Beauty, Sports & Recreation, Communications & Electronics, Travel & Leisure and B2B. Our world class Online properties include,,, and, to name just a few. was recently ranked as Canada's 17th fastest-growing company by Profit magazine. For more information, visit

Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Although Inc. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include financial performance, regulatory changes, changes in economic conditions and other risks detailed from time to time in's filings with the U.S. Securities and Exchange Commission. The forward-looking statements included in this press release represent the Company's views as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statements, and readers are cautioned not to place undue reliance on these forward-looking statements.

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