SOURCE: CineMaya Media Group, Inc.

April 28, 2008 10:40 ET

CineMaya Media Status Upgraded on Pink Sheets

NEW YORK, NY--(Marketwire - April 28, 2008) - CineMaya Media Group, Inc. (PINKSHEETS: CNMY), a media, entertainment, and marketing services company focused on the South Asian community, has been upgraded to "Limited Information" status from "No Information," following the posting of its 2007 year end financials.

The Company has increased its revenue from $4.3 million to almost $5.1 million from fiscal 2006 to fiscal 2007, representing an increase of 19.37%. Management believes shareholders must be made more aware of the current health of the company, with a thorough analysis of the recently posted financial statements. Therefore, a conference call will be held later this week by the management to discuss the company's financials and the status of various items including audits being performed on the past two years business and expanded operations in India.

A further press release will be made on the day of the conference call this week to announce the specific time and call-in information. Management is urging shareholders to email ir@cinemayamedia.com any questions or concerns they wish to have addressed on the upcoming conference call.

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.

Contact Information