SOURCE: Virtual Media Holdings Inc.

October 16, 2006 09:30 ET

VMHSales.com Partners With Premier Internet Retailers

VANCOUVER, BC -- (MARKET WIRE) -- October 16, 2006 -- Virtual Media Holdings Inc. (OTCBB: VMHIF), is pleased to announce that Premier Internet retailers Buy.com, Textbookx.com, and iChapters.com have recently started selling their products through the company's new and innovative Marketplace Portal -- VMHSales.com.

According to Steve Gaspar, President of Virtual Media Holdings Inc., "These new partnerships will help increase product depth and content which will lead to increased traffic and sales. By having a truly diverse group of merchants from both the online and brick and mortar retail industries making their products available for purchase through VMHSales.com, the company hopes to offer its many shoppers the ultimate comparison shopping experience. By giving the online shopper the opportunity to go to just one website, www.VMHSales.com to find the best possible price point for what they are shopping for, why would they want to shop anywhere else?" added Mr. Gaspar.

About Virtual Media Holdings Inc:

Virtual Media Holdings Inc. (OTCBB: VMHIF) is committed to changing the way merchants and consumers interact on the Internet. Through its proprietary marketplace platform, a custom-built software framework that facilitates the direct consumer-to-consumer and business-to-consumer buying and selling of new and pre-owned merchandise, the system combines a customized content management system with core order processing engines adapted to each unique market. The content management facilities support the creation of a comprehensive web-based user community for a specific market, including features such as session management, product reviews, live aggregated retail prices, forums, and community feedback. Order processing modules support market inventories, authenticated order processing, billing, order tracking, commissions, and other market-related tasks. Companies can achieve both increased web presence and revenues by partnering with VMHSales.com and using the company's unique e-commerce platform.

About Buy.com:

Buy.com is a leading e-commerce company focused on providing its customers with a positive shopping experience and a broad selection of high-quality technology and entertainment retail goods at competitive prices. Buy.com offers over 2 million products in a range of categories including consumer electronics, computer hardware and software, cell phones, books, music, videos, games, digital music downloads, toys and sporting goods. Buy.com, founded in 1997, is located in Aliso Viejo, California. Buy.com® and The Internet Superstore™ are trademarks of Buy.com Inc. Buy.com currently competes with a variety of companies that can be divided into two broad categories: (i) multi-category retailers such as Amazon.com, Overstock.com and Wal-Mart and (ii) specialty retailers or manufacturers such as Best Buy, Circuit City, CompUSA and Dell.

About iChapters.com:

iChapters.com is an online store provided by Thomson Learning. As one of the world's largest providers of tailored learning solutions, it is committed to providing a wide variety of choices to students, educators, administrators and parents purchasing educational course material. Students around the world have the opportunity to use the company's learning resources. Thomson Learning is part of The Thomson Corporation, a global leader in providing integrated information solutions to higher education, corporate, government and professional customers.

About Textbookx.com (an Akedemos, Inc. Company):

Akademos, Inc. was founded in March 1999 by Brian Jacobs then a professor of political philosophy at Cornell University. The company's mission is to use new media and content distribution models to democratize and advance the development and distribution of educational resources.

Safe Harbor Act Notice:

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise. For further information about the company go to: www.vmhif.com

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