Chalk Media Corp.
TSX VENTURE : CKM

Chalk Media Corp.

October 10, 2008 07:00 ET

Chalk Signs Agreement With Leading Global Investment Management Firm

WASHINGTON, DISTRICT OF COLUMBIA--(Marketwire - Oct. 10, 2008) - Chalk Media Corp. (TSX VENTURE:CKM) today announced that one of the world's largest investment managers has signed a software licensing agreement for Mobile chalkboard™, Chalk's BlackBerry® communication software. Mobile chalkboard™ will be used to cut overhead and save money on internal training and priority communications.

The client had over $650 billion under management as of August 31, 2008 and operates in more than 20 countries. The firm manages money for thousands of clients including over half the Fortune 100 companies.

"This deal demonstrates that even in a tough economic environment, financial services firms are seeing value in our software", said Stewart Walchli, President & CEO, Chalk. "We believe there is tremendous growth potential in this account to additional business units within the company as well as to their large client base. This deal is a great validation of our software as this client is a very highly regarded and influential member of the BlackBerry community."

"Given the current challenges in the financial services sector, for the past several quarters we have focused the vast majority of our sales efforts on companies in industry verticals such as telecommunications, media, professional services and pharmaceuticals," Mr. Walchli added. "Nonetheless, it is great to see a deal come through in this large market segment."

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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