Chalk Media Corp.
TSX VENTURE : CKM

Chalk Media Corp.

October 09, 2008 07:00 ET

Chalk Signs Agreement with Fortune 100 Telecommunications Provider

WASHINGTON, DISTRICT OF COLUMBIA--(Marketwire - Oct. 9, 2008) - Chalk Media Corp. (TSX VENTURE:CKM) today announced that it has signed a software licensing agreement for Mobile chalkboard™ with one of the largest telecommunications companies in the world. The carrier has millions of customers across the United States, including all of the Fortune 1000 companies.

Mobile chalkboard™, Chalk's BlackBerry® communication software, will initially be used by the carrier's mobile consultants who develop mobile strategies for the Fortune 1000 accounts. These consultants will be using Mobile chalkboard™ to wirelessly distribute audio and video based podcasts to their BlackBerry devices. Additionally, they will be using Chalk's software to deliver training and share knowledge.

"We are excited to sign this deal with one of RIM's largest carrier partners and one of the largest resellers of BlackBerry devices worldwide", said Stewart Walchli, President & CEO of Chalk. "Moreover, this deal creates tremendous leverage by getting our software not just in the hands of our customer, but also in front of our customer's customers."

"We have already gained tremendous traction with several other telecommunications companies as a result of this deal," Mr. Walchli explained. "This validates our strategy of first licensing our software to those organizations that are leaders in our targeted industry verticals and securing them as referenceable accounts."

"The initial deployment of our software is to a very elite and influential group within this carrier," Mr. Walchli continued. "By winning this competitive bid, we believe that we are very well positioned to sell additional licenses to this carrier for the 100,000+ mobile devices that it has deployed across its organization."

About Chalk Media Corp.

Chalk's mobile content deployment system, Mobile chalkboard™, allows multimedia content to be created, securely pushed and tracked on BlackBerry® smartphones. Our software and content help organizations communicate with their employees, business partners and customers. Additional information is available at www.chalk.com.

Forward Looking Statement

This press release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Generally, forward-looking statements can be identified by the use of forward- looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may" ,"could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Chalk to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the speculative nature of the software industry, which is affected by numerous factors beyond Chalk's control; the existence of present and possible future government regulation; the significant and increasing competition that exists in the software industry; and risks associated with early stage companies such as Chalk, including uncertainty of revenues, markets and profitability and the need to raise additional funding.

Although Chalk has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Chalk does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws. Further information on Chalk Media Corp. is available at www.sedar.com.

The BlackBerry® and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited. RIM assumes no liability and makes no representation, warranty or guarantee in relation to third party products or services.

The TSX Venture Exchange has not reviewed the contents of this release and is not responsible for its accuracy.

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