SOURCE: CineMaya Media Group, Inc.

August 09, 2007 16:13 ET

CineMaya Media Group Appoints Auditing Firm Horowitz & Ullmann

Company Plans to Become Fully Reporting

NEW YORK CITY, NY--(Marketwire - August 9, 2007) - CineMaya Media Group (PINKSHEETS: CNMY), a leading media, entertainment and marketing services company serving the South Asian community, has selected auditing firm Horowitz & Ullmann, a New York City auditing firm, established in 1953, with an impeccable record of servicing publicly traded companies, to audit the company's financial statements.

In an effort to further build on the credibility of the company, and in response to the remarkable investor interest, management has initiated the process of upgrading its corporate status as an OTC public company.

"As a publicly traded entity, our shareholders and prospective investors should be able to make educated decisions on the merits of owning an equity interest in our company," said Sunil Hali, CEO of CineMaya Media Group. "We're proud of our success, and the rapid growth of our company as well as the industry, and are happy to share such information with shareholders through regular financial reporting and informative shareholder letters similar to the latest one displayed on our website."

CineMaya Media is setting itself apart from the thousands of companies currently traded on the Over-the-Counter market, and raising its standards to a level similar with companies trading on a more senior exchange. More importantly, the availability of financial information on the company increases potential for participation from institutional investors and hedge funds.

During the past twelve months, CineMaya Media has achieved a number of important milestones including attaining profitability, surpassing $4.0 million in annual revenues, forging valuable international relationships, expanding global operations into India, and becoming publicly traded.

More information about CineMaya Media Group may be found on the corporate website, www.CineMayaMedia.com.

Information about the company's new auditing firm, Horowitz & Ullmann, may be found at www.horowitz-ullmann.com.

Safe Harbor:

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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