SOURCE: CineMaya Media Group, Inc.

September 06, 2007 09:30 ET

CineMaya Media Group to Hold Press Conference in New York City

NEW YORK, NY--(Marketwire - September 6, 2007) - CineMaya Media Group, Inc. (PINKSHEETS: CNMY), the leading South Asian media, entertainment, and marketing company servicing the Indian Diaspora will hold a Press Conference today, September 6, 2007 at 6:00 PM at the Consulate General of India in New York City to announce their commemorative event, The Indian and American Achiever Awards, being held on September 13, 2007 in Washington D.C.

Supported by the US-India Business Council, this inaugural event is celebrating the 60th Anniversary of India's Independence and recognizing individuals and multi-national corporations (MNCs) who have contributed towards the collective advancement and growth of the two largest democracies in the world. CineMaya Media Group will be hosting this fantastic event at The John F. Kennedy Center for the Performing Arts in Washington, D.C.

The gala event, which begins at 7:00 PM on September 13th, also features performances by internationally acclaimed maestros of Indian music:

--  Dr. Balamurali Krishna and Pandit Ajoy Chakraborty (in a duet -
    jugalbandi)
--  Pandit Birju Maharaj
--  Pandit Shiv Kumar Sharma
    

The evening is hosted by rising Bollywood star, Kunal Khemu.

The National Anthems will be performed by Penn Masala, the world's first and premier Indian a-cappella group.

The prestigious awards are instituted to recognize individuals and companies who have excelled in their fields, in four separate categories. There will be two Honorees in each category, one an Indian and the other an American. The categories are:

--  Innovation, Science & Technology
--  Arts, Entertainment and Media
--  Multi-National Company
--  Gandhi Lifetime Achievement Award
    

The list of Nominees is impressive as it includes great individual achievers in their respective fields, such as President Bill Clinton, Rupert Murdoch, Bill Gates, A. R. Rahman, N. R. Narayana Murthy, Shah Rukh Khan, and Dr. Deepak Chopra, amongst other great individuals and corporations. For a complete list of the Nominees, visit http://www.cinemayamedia.com/IAAA/awards.htm.

Commenting on the inspiration behind these awards, Sunil Hali, Chairman of CineMaya Media Group says, "Mutual influence between India and the US is thriving in the fields of business, technology, art and culture. Our goal is to create a platform to recognize the contributions of both Indians and Americans, whose collective contributions have helped create a bridge between the two great nations, and shape a brighter future."

The Chief Guest of the event, Honorable Ambassador from India to the United States, Ronen Sen said, "I warmly welcome the initiative taken by CineMaya Media Group to inaugurate its Indian and American Achiever Awards, on the special occasion of the 60th Anniversary of India's Independence. I look forward to joining the celebration of the achievements of Indians and Americans who excelled in their respective fields, while contributing significantly to India - US relations, at what promises to be a memorable event, with performances by some truly outstanding exponents of Indian music and performing arts."

CineMaya Media Group has also instituted a Scholarship Endowment through this event, which aims to encourage the efforts of deserving Indian-American students who have displayed great potential in various subjects, and give them knowledge, resources, and mentoring for advancement from the Honorees in each category for one year. Four undergraduate students will be awarded scholarships of $5,000 each (one per category of awards).

The panel of esteemed BOARD OF ADVISORS & JUDGES will select the Honorees in each category of awards. The panel consists of: Hon. Ambassador Robert D. Blackwill; Hon. Ambassador Vijay Nambiar - Chef de Cabinet, United Nations; Congressman Frank Pallone - Congressional Caucus on India and Indian Americans; Ron Somers - President, US-India Business Council; Dr. Jayaraman - Executive Director, Bharatiya Vidya Bhavan; and Prof. Sreenath Sreenivasan - Dean of Students, Columbia Graduate School of Journalism, and Co-Founder SAJA.

The principal sponsors of the event include Air France, Nationwide, DIRECTV, and Air India. Patrons include State Bank of India, HSBC, and ICICI Securities.

For more information about The Indian & American Achiever Awards, visit www.cinemayamedia.com/awards.

Background

The genesis of this event is a confluence of work produced by the founders of CineMaya Media Group, who had produced The Music Festival of India in 1997 to celebrate the 50th Anniversary of India's Independence with a once in a lifetime concert at Carnegie Hall and a national tour with India's most renowned classical musicians. The event was the largest such celebration outside of India. More information may be found on the corporate website, http://www.cinemayamedia.com/events_mfi.htm.

CineMaya Media Group also produced N-R-Eyes, a landmark millennium year series to showcase the most successful Non-Resident Indians in the US. The series was widely telecast on the Zee Network, and was subsequently adapted into a coffee table book, and a syndicated series in The Indian Express North American Edition.

ABOUT CINEMAYA MEDIA GROUP

CineMaya Media Group (PINKSHEETS: CNMY) was established in 2000, and is a pioneer in the ethnic media landscape and entertainment in North America with its successful vertically integrated business model encompassing Media (publication, Television, Broadcast, Radio Broadcast and online) Entertainment ( film, television and events) and Marketing Services (advertising agency, Creative BPO, KPO and marketing programs). The company operates through offices in New York, New Jersey, California, Toronto, Mumbai and New Delhi.

The company has recently opened its operations in Mumbai for expansion of its entertainment business in Film, Television and Event Production, and operations in New Delhi for development of interactive/online services.

For more information, visit www.cinemayamedia.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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