SOURCE: CineMaya Media Group, Inc.

August 23, 2007 08:00 ET

CineMaya Media Group Announces Record Revenues

NEW YORK, NY--(Marketwire - August 23, 2007) - CinéMaya Media Group, Inc. (PINKSHEETS: CNMY), a leading media, entertainment and marketing services company serving the South Asian community, has announced record revenues of $2.43 million for the six months ended in June of 2007, compared to $1.67 million during the same period in 2006, an increase of 46%.

"We are pleased to announce record revenue growth for CinéMaya Media through the first half of 2007, with all operating divisions demonstrating strong increases," said Nayan Padrai, President of CinéMaya Media Group. "We are well on our way to meeting if not exceeding last year's revenues of $4.3 million, and this progress should continue with our recently announced marketing contracts, a fresh JV deal with Design Mechanics, our new West Coast operations in California, and our latest expansion into India. It's really an exciting and busy time for everyone at CinéMaya."

A complete unaudited financial report including the balance sheet and income statement is being filed with Pink Sheets for the benefit of all shareholders. Earlier this month, the company also reported the hiring of well respected New York auditing firm, Horowitz & Ullmann, to audit the company's financial statements as CinéMaya Media has embarked on the path towards becoming a fully reporting entity.

About CinéMaya Media Group

CinéMaya Media Group is a leading provider of high quality international South Asian media, entertainment, and marketing services. Established in 2000 as a vertically integrated company, CinéMaya Media Group has since grown into a mini-conglomerate in the ethnic media landscape through its robust businesses within the following areas: Publication, Broadcast Television, Radio, Film & Television Production, Events, and Advertising. Additional information about the company may be found on the corporate website,

Safe Harbor Statement:

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not of historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with Pink Sheets.

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