SOURCE: CineMaya Media Group

August 14, 2008 08:00 ET

CineMaya Media Group Completes Acquisition of MMA Independent Alliance, Inc.

NEW YORK, NY--(Marketwire - August 14, 2008) - CineMaya Media Group (PINKSHEETS: CNMY) announced the completion of the acquisition of The MMA Independent Alliance, Inc. as it continues with its reorganization plan.

The MMA Independent Alliance is a consortium of Independent Mixed Martial Arts Producers that will partner and/or pledge to produce 3-5 events a year for the Alliance. The Alliance will support the producers with national marketing, public relations (for events and fighters), business development and infrastructure as well as working partnerships with entertainment live producers. This gives a unique and different twist to the production of MMA events.

The business plan also includes acquisitions which will include fight promotions, management / merchandising and public relations opportunities.

Along with the sports production the Alliance will partner with entertainment live event producers to produce pre & post event entertainment celebration events.

The Board of Directors has also appointed Rick Papaleo to the third Board seat and Mr. Papaleo will assume the President's position.

Mr. Papaleo, a business development consultant, has experience in the Public Markets and Entertainment Industry and now is expanding in the Mixed Martial Arts industry.

A major part of the companies plan is to increase revenues, reduce debt with growth in new markets and new business opportunities.

The company plans additional acquisitions and is planning an aggressive media campaign.

The Company will announce additional details with regard to their new reorganization plan as well as a new company name and Website.

About CineMaya Media Group:

CineMaya Media Group (PINKSHEETS: CNMY) is a leading provider of high quality sports, media entertainment, and marketing services.

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